Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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11.26 - Don't know anything about that and what the potential is, but a quick scan of their latest interims perhaps shows how sentiment can play its part. Making a loss and net assests of £12m, but Mcap £200m+. Presumably its valuation is being supported by sentiment and a belief among investors that good things are going to happen.
Meanwhile here we are at £60m with billions of barrels of oil under our ground. The above shows its possible for our valuation to change with the right news improving the sentiment here.
While our wait for a FO signature surpasses 4 weeks, take a look over at VRS something unbelievable is brewing over there. Best share I’ve ever owned and will be a Goliath of a business one day, GL 88ers get a piece of the action!
The future of WINX is much more important to RMP than 88e. I'm not surprised they are talking it up in the Q report, they have so few assets - hence MCAP = Cash. We have committed to minimal spend (£200k?) and are keeping our options open. If someone want a piece of it to pay for a drill then i suppose that will be OK with DW, after all we are now looking at monetising our assets, not spending significant cash. We've got the data and the question will be if someone finds it attractive enough to pay for another drill on the already identified better location to the North. All IMO
moneyhawk think OEL are completely uninterested in Alaska these days, Bex bought OEL's interests in the GBP fire sale leases and probably for very little, they have no financial interest in the Alkaid operation, will they pay there share of future PANR exploration??
Yes fair point brom :)
But in his interview after winx dw to mention something about future winx plans being dependent on funding.
Will wait and see what 88e say about it, but if it’s accurate then could be a good sign.
Not sure where rmp will get their share of costs though, Otto seem to have lost interest in the north slope for the moment, and I would have thought panr will be more focused on their other prospects. So could be some developments on the wi shares at winx sometime soon.
The company mentioned discussions to turn Yukon Gold into cash
"Yukon Leases: discussions underway with nearby resource owners to optimise monetisation strategy"
Should have final lease (393872) by 1st September so perhaps Q3 - 4 news.
would I read to much into an RMP quarterly report :-)
Just wondering if this may be an indication that the Icewine farmout is on favourable terms to us? We’re leading on winx as the operator and largest wi share, and reading rmp’s rns there’s a possible plan emerging for another drill in the 2020/21 season with new seismic being acquired this quarter.
That’s all going to cost money. Seems unlikely we’d be pushing ahead with expenditure on winx if the icewine fo would require us to fund a share of drilling costs. Given our current mcap, it must be doubtful we could raise enough for both a share of icewine and winx costs during the next 18 months. And then we’ve also got Yukon where we’ve initiated discussions with other lease holders.
So it rather points to DW is expecting to have cash, and if a fund raise isn’t a realistic source, it’s suggests to me the farmout is a free carry at icewine plus cash. Can’t see any other way we could be pursuing all 3, current cash wouldn’t cover it.
so no Western Blocks drill planned this forthcoming season based on RMP quarterly, true that knowledge gained from Winx drill will enable much improved analysis and hopefully avoid the dispersed clays found at Winx location.
More about dispersed clays and how they develop at wiki88, interesting to rear and understand.
Dispersed Clays
https://spec2000.net/11-vshbasics.htm added 23/07/2019
"Several recent papers have described and discussed the importance of dispersed clays in sandstones. This paper defines "dispersed" clay as silicate clay minerals (e.g., kaolinite, illite, smectite, chlorite) developed within the rock pore system and generally attached to rock mineral surfaces. Dispersed clay in rocks is of diagenetic (i.e., authigenic) origin, having developed subsequent to sediment deposition by precipitation of clay crystals from pore fluids. Particular clay mineral species develop in response to changes in pore water chemistry brought about by changing pore water chemistry brought about by changing temperature, pressure and groundwater conditions during burial and compaction. Since dispersed clays generally occur as a rock pore-filling component and haze a variety of crystal sizes and shapes, they exhibit a broad spectrum of adverse effects on rock fluid flow and fluid saturation properties."
https://www.onepetro.org/conference-paper/SPE-6858-MS
NB:-Precipitation is the creation of a solid from a solution.
https://en.wikipedia.org/wiki/Diagenesis
Authigenesis is the process whereby a mineral or sedimentary rock deposit is generated where it is found or observed. Such deposits are described as authigenic. Authigenic sedimentary minerals form during sedimentation by precipitation or recrystallization instead of being transported from elsewhere by water or wind.
https://en.wikipedia.org/wiki/Authigenic
From RMP
Evaluation of the data acquired at Winx-1 is ongoing. The JV expects to go out to
tender for the reprocessing of the Nanuq 3D seismic, incorporating data acquired
at Winx-1, and acquisition of new seismic data in Q3 2019. This will allow sufficient
time for the JV to complete all required technical and evaluation work prior to the
2020/2021 drilling season.