Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think where a lot of these company’s go wrong is by giving definite dates , such as 30th November , they would do much better by being more vague ,that way share holders would not be so concerned when target dates are not met!
Better to say we will have a drill available in second half of 2020 , then if they can start drilling in first half 2020 ,all the better !
Looking on the bright side thank God I,m not in Tullow oil today.
It is dec 8 ...AAOG need to issue an operations update...asap
Dutch
BC
Your views are understandable and we are have impatience, on the surface its very poor to default on this Nov 30th critical date and not inform the market as to why the delay - the lack of front of house is really impacting imo and they really need to sort this out as a priority - DS was less than ideal but at least some background info and context was gained in his Proactive interviews.
PI may accept delays more if they understood the context, drivers and issues. if a train delay for an hour with no info and if told there is a signalling issue and likely to move in an hour - it changes nothing, your still waiting for an hour, but at least you know.
But what can JB realistically say at this time?
"AAOG were told the rig agreement would be known by Nov 30th by SPF, they havnt told us yet, nor said why or when it may be - so all we can do now is wait, we cant rock the boat on a complex deal arrangement that is still not finalised"
I don't think its contempt for PI or incompetence, if you look at the tone and content of the production plan RNS for example its very professional and informative - that's the RNS JB would like to issue on all outstanding matters , but cant just yet.
Tiburn my views are bearish solely because of the lack of progress from the company. Way back in June I post that we would not drill the sidetrack in 2019 but was of course labelled a troll. The company couldn't do a better job a trashing the SP if it tried, who puts out an RNS saying end of November is decision time for rig availability and then fails to notify shareholders of result.
Its utter contempt and until things change I shall continue to hold the bearish stance. I still agree the asset has the potential make good money for us all but I fear the company are just not up to the job of getting it out.
We all know every positive and every negative issue thanks to some diligent efforts by invested Bulls and Bears.
Most posters naturally focus more on one side or the other, it doesn't mean they are ignoring the opposite view at all if they are being objective.
Barking for example is very bearish in his views, but acknowledges the asset value and recently bought back more. Tiptop is very positive but also acknowledges that this industry is not the fastest, delays are the norm, problems will be encountered and need to be overcome.
If you are invested you take your stance, but why dwell on African beaurcracy delays, past Anglo mistakes or the utterly abysmal SP pre production? they are what they are and cant be changed at this time.
What can be changed is the company Market cap once into production.