Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Absolutely, drafted spell check!!
Absurdly Superitch. Conventionally no II warrants will be exercised until the last possible day when, as it looks, they would of course all be exercised. Been stated several times here and Latics is the only person who poses as though they don't get it. But then he's off on his own trip.
I have a small number of warrants to exercise (c20k) and I suspect like most I am leaving it late, I was always going to exercise them because I see RKH as a medium term bet (from now! It’s been a long term play overall!)
There was no benefit if I did it in July or December and I suspect we will see the vast majority exercised in the next six weeks or so
Made easy with Hargreaves. Sent a message asking to exercise my 54,500 9p warrants about an hour ago and had this reply already.
''Re: Warrants - 04 Oct 2023
Thanks for getting in touch.
As requested I have instructed for all of your Rockhopper Exploration plc warrants to be exercised.'
We all have until the end of the year to exercise them but I've waited long enough.
Timing is uncertain but I give a 85 to 90% plus chance of SL being FIDed.
Similar % that ROI's desperate annulment claim will be rejected. Either events will mean Rocks SP will significantly rise. Both happening and we should be multiples of todays price.
Chances of neither happening is possible, however I feel a less than 10% chance.
Last month 1.5m warrants to the value of £140,000 were exercised.
I expect that will be in the 10's of millions of warrants in the next 2 months.
'distressed share'?!
No way. A quick look at Navitaspet shares over the past three months shows strong progress in spite of a small dip on
Oct 7.
Has this positive sentiment been caused by something elsewhere within Navitas operations? I don't think so. On the other hand, if the current ME war leads to Turkey cutting off Israel's energy pipeline RKH will become even more important. Not wishing to take advantage of Israel's misfortune here.
I agree with all of that.
@CitizenTS - Good question: ‘Why isn’t it 2p ?”
Many are hoping it’s the warrants that are creating a base price for the SP, myself included.
We will find our more in Jan. Personally, I’m not holding my breath but we don’t see a great of evidence that the market in particular is particularly interested in thus distressed share. Even the rate of taking up warrants is poor. Having said that, do we see any signs of large institutions selling off RKH … not sure we do.
My thoughts turn to WHY the RKH BoD hasn’t made any sort of publicity / marketing campaign recently for Sealion ?
One possibility is that they are confident of progress before a capital raise is required or it may just be that they don’t realise ? Deliberate or careless, it’s hard to stomach either.
The new Directors ‘may’ add new thoughts but somehow with the current CEO, I doubt it.
On the opposite side, why did MacDonald leave his share options on the table ? It’s a valid question.
Lots of questions on both sides and the current Middle East conflict may well impact plans one way or the other as the World takes sides.
We sit and wait.
If there was an ounce of sense in decidedOverleveraged posts and those of his followers on here the share price would be completely smashhed adrift of the warrant exercise price. We'd be looking at 2p or whatever - like the BOR price. And him and his mates swamp the posts on this bb so no help from there for the share price either. Can't know how it'll all end up but for sure these guys exist in a bubble of their own making.
Godders, why does any share go up and down? It will be down until the markets price is otherwise, no amount of moaning, berating the board, Navitas, complaining about the weather will change that. Once FID is announced or postponed, or we win or loose the OM award; the FPSO is booked or Finance is secured, then the share price will react accordingly, but not until then, for now we are in limbo. Nobody is selling in case they miss out, nobody is buying; they are keeping their powder dry until there is a definite move one way or another. When it comes it will be swift IMHO, and we will get re-rated in blink either up or down, but that is why many people hold on to this stock, it's an all or nothing play, although more recently underpinned by 250m+ OM award sitting in the wings.
So I would politely suggest you just sell up and be done with it, wasting your time on here is not good for your health or sanity. Why not leave us to it, smug in the knowledge that you walked away, left the sinking ship that you believe is heading down to nestle next to the Titanic! You are not going to change anyone mind about holding, selling or buying, you are wasting your breath.
I wish you well, and hope you can find some other investments to put your hard earned into.
Kind regards
LTT
Answer 1: people like you keep talking the price down
Answer 2: the SP will stay around 50% over the warrant exercise price until they expire at year end
Answer 3: with WW3 potentially around the corner, no-one wants AIM shares in any volume
Answer 4: awaiting outcome of ICSID annulment process
Answer 5: awaiting outcome of Argentine elections
Is that enough for now?
Ok maybe it's not the raising of finance that is the problem. None of you answer the question: why is this stock still priced as if it's not going to happen. How do you explain the dichotomy of the share price Vs the purported timelines .
Asking whether a Jewish team knows how to raise money is like asking if an All Blacks team knows how to chant the Hakka.
If I'm wrong then please do explain why the markets are irrationally ignoring this stock. Total trades this week circa £30k which is effectively nothing. Its a dead duck no one but no one beyond the 4 perma-positive posters Ovets, Mogger and a couple of others are interested.
Between Navitas and RKH billions of dollars need to be borrowed.
the only things that explain the dire share price is the market believes extreme dilution is coming or the market doesn't believe that the debt can be raised. No amount of pathetic posting about some immaterial element of Sealion is going to change my opinion. MARK my words the board will announce FID is delayed at some point in 2024 or "we are raising more funds via equity dilution".
@Ovets / Mogger …. I could be wrong but I think Godders is suspicious that the reason BoD will not buy shares is because in their position they are more aware than most about the possibility of RKH having to raise funds shortly. I suspect Godders believes that the BoD are aware of the difficulties I raising more capital which may well make some kind of warrants an option and then not being able to service the debt before RKH even get to FID.
Anyone remember Xcite ?
Sam isn’t going to confirm or deny according to Company rules.
Yes, I was about to ask the same thing.
Godders, are you sure you understand what you're posting about?
Godders,
What debt is the board trying to "raise?"
Mogger
Mogger you've been posting links to progress for the last 5 years. Surely you have to understand why shareholders now don't believe?
I think financing is proving to be an issue. I suspect the board cant raise the debt hence why they haven't bought any more shares. Stuart didn't leave all those options on the table for no reason
All this stuff is hot air. Nothing matters apart from funds.
All,
Some more information for Godders detailing how nobody is talking to anyone in an effort to not achieve anything.
"Through the UK Department of Transport and the MCA, the UK has recommended that the
Convention be extended to the Falkland Islands. This is seen as a pre-condition for UK sanction
for oil extraction to commence in the Sealion oil field."
"This paper now seeks approval of the policy principle of seeking extension of the Nairobi
Wreck Convention, LLMC 1996 and the 2002 Athens Protocol, and also seeks approval
of the Bill which would implement those international Conventions in the Falkland
Islands. In addition to being important from a “maritime” perspective, the Nairobi
Convention and LLMC 1996 are considered to be important considerations in the
decisions leading to commencement of oil extraction in the Sealion oil field and
elsewhere."
https://assembly.fig.gov.fk/executive-council/papers?task=download.send&id=3904&catid=592&m=0
Mogger
All,
More proof for Godders that there is absolutely nothing going on.
https://assembly.fig.gov.fk/executive-council/papers?task=download.send&id=3905&catid=592&m=0
Mogger
Since this.
October 3, 2023 -
Italian Republic files a Reply on annulment.
Like Sea Lion/Navitas news, patience is something Rock shareholders know well ;-/
There seems to be political pressures on Turkie (Turkey) to cut off oil supplies to Israel.
That might lead to an acceleration of SeaLion, but it would lead to oil security for Israel rather than UK
Back before RKH had drilled a single well, their house broker had a long term target of £40, IIRC. Had dreams of buying Buckingham Palace.
They are all full of it and are paid to be full of it. If there is a definition of a liar, a house broker fits it.
Fully understood it was Old Alma
Sarcastic post re the original post
Pointing out myself that it was indeed 10 years ago and that we only have 10 to go until we meet Davef’s target