Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Glad I am in at the bottom let the fun start soon happy new year this stock will go shortly same as last year plenty of small investors made cash I made 7 k profit and still have original stake, good luck all worth a punt but also know when to get out!
11.13 Correct, Erik Opstad has learned he can make a killing selling shares on the pump. ~2.8% of Shares in Issue so not quite as close to the 3% limit as last time (think it was 2.9%) but pretty close. Saves the embarrassment of the Operations Manager having to declare he sold shares ahead of results. These boys are clever I will give them that. No mention of well costs this year but clearly the $26M they had in September wasn’t enough. What happened to bang for buck?
Pre-commissioning inspection of the Arctic Fox rig is planned for early January, with an inspection prior to contracting the rig confirming it to be in excellent condition. Commissioning of the rig is expected to occur following the rig inspection in January 2022 and immediately prior to mobilisation to the Merlin-2 drill site.
Seems like they have learned something from last year drill
Yet more dilution, but necessary. Will more dilution happen? Given the cost of last winter's calamitous drill, I think so. Always good to come out of a drilling campaign with plenty of money in the bank. After all, if this drill fails to deliver, the SP will collapse. And raising money on a very weak SP is horrifying.
Rabbit
Your hilarious to watch :))))
Love it !!!!
08.36 Again!
23.42 I am invested here and the Chance of the pump has just increased given the ELKO placing. Hopefully rinse repeat but it seems some of the OTC are catching on.
08.36 - talking about PANR
00:06 They have all the funding they need for this drilling campaign. That’s the reason why they are not talking about the need to raise funds.
23.00 - so you have all the information and, presumably, nothing underhand…so what’s your issue? I don’t understand?
23.42 - you’d think they’d be more concerned that they still haven’t announced funding yet? Maybe next week, if not then are they having trouble? Very possibly
Why don't you Nay Sayers get back to a BB you're actually invested in?
They repaid 18M loan after the drill so now they are debts free.
I expect more ‘industry sources’ telling Petroleum News everything is going well during the drill. Remember that 500ft (or was it 1000ft) of pay discussed during drilling last year. What was it these drill were meant to cost $12M? They had $26M in the bank in September and yet still require more dilution.
Yep when Elco and 88e finally produce a child, it will have hammer toes and webbed fingers
I’m dissatisfied the announcement states payment to the contractor in shares etc but doesn’t go as far as naming the contractor, you need to read the follow up announcement to see the contractor is Elko… no surprise there! A company run by our very own Erik Opstad, that’s if he’s still general manager for 88e Alaska?? surely a lot of what’s mentioned he’s being paid for as a contractor he’d be doing as his roll as general manager ….
Scot126
Well you need to put pen to paper!
22.20
Thanks Mister.E.
I wonder if Erik Opstad has any relationship with the service providers for Merlin-2? For example does he own or is he a partner in any of the service providers selected for Merlin-2?
I note with great interest the escrow period. It doesn't prevent ELKO style spike trading necessarily but it doesn't make it impossible either. Anyone now getting the feeling that there was some interesting invoice timing last year, mixed up with share subscriptions and supplier placings in lieu of cash payments? Because that's what the ANN/RNS is referring to, isn't it?
Wake up, 88E shareholders. It's past time questions were asked of the 88E BoD.
Price sensitive
https://www2.asx.com.au/markets/company/88e