Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A few interesting points to take away from today's interview:-
* Zark took up the recent placing as they were impressed with the bod's plans to grow the business.
* the next equity raise will be sooner rather than later (probably following the optioning of a deal to completing on a substantial deal) allowing them to move quickly.
* OO wants to get shares in the company but unable to do so at this stage (probably due to the deals he's working on) which is good news.
* They are targeting shallow water and onshore assets with already proven reserves.
imo we can expect some news here in the next week or 2 and the start of a news rich period and therefore expect the SP to head upwards....
"Everyone knew he was part of the company in Liquidation when he was appointed"
yes, i was surprised that morningsun didn't seem to be aware of EER (Norway) Ltd.
imv, the last thing ADME needs is to buy yet another chunk of AJE, given
the huge spending commitments for longer term development that come
with ownership of an aje %age -- for companies without cash, obligation
to keep finding development money for the field is a real albatross.
far better if they could somehow persuade someone with an asset that
costs less to develop, & quicker, to accept ADME paper for a slice. jmv.
Everyone knew he was part of the company in Liquidation when he was appointed
A lot of the talk previously was now OO is MD - ADME would go after EER's share of AJE from Administrators using his knowledge to get a better deal
[not been checking in much - connections erratic here.]
important to check carefully on companies house regarding
*two different companies* called EER. one is just called EER
Ltd, and that one went into liquidation after it failed to comply
with all its CVA obligations. - okhomina was associated with
that company, but according to companies house he resigned
as secretary in 2013, then resigned as a director in 2015. a few
months after that in september 2015 the CVA came into effect.
https://beta.companieshouse.gov.uk/company/05308516/filing-history
but as you can see from the CVA announcement of 3rd september 2015
on companies house website, the biggest creditor for EER Ltd was a
company with a similar name, called EER (Norway) Ltd. okhomina is
*still* listed on companies house as an active director for EER (Norway)
Ltd, so presumably when ADME RNS announced on his appointment
that he is the vice-chair of EER, they were meaning EER (Norway) Ltd?
however, if you look up EER (Norway) Ltd on companies house:
https://beta.companieshouse.gov.uk/company/05216866
- you can see that a winding up order was issued in march 2019,
with a liquidator appointed in april 2019, accounts still overdue,
but okhomina *is* still listed as an active director for EER (Norway).
summarising, okhomina was associated with two companies
called EER, still is with one. both of them went into liquidation.
(me, not convinced that track record should inspire confidence.)
still no news about the missing placement money? .... presumably
okhomina is 'inside' re information about any deals currently being
negotiated, but he would also be 'inside' re what is / isn't happening
re that money they originally said should have come in by 4th oct.
(plus, whatever under negotiation regarding more aje development.)
[off in search of shade again. phew.]
DB, he resigned from EER on the 30 March 2015. That is 4.5 years ago. Some 2.5 years later than his resignation, issues started with EER like the CVA. What does the insolvency/winding up process have to do with his involvement all these years back?
Would be interested to know why he was responsible for that and how.
Thanks
MS
EER are in Administration - wouldn't call that successful
The quality of the VOIP line is poor, so he's hard to hear. Not a lot of new information in the interview, but she probes the right questions
- A bit more about Zark
- Osa would love to hold himself but regulatory restrictions prevent that. (What does that imply)
- Board appointments process nearly complete so should announce soon
And then, lots of repeats of things we had from the Proactive video interview
We caught up with ADM Energy’s CEO to talk more about the latest developments at the company, ADM Energy is an AIM-listed natural resource investment company with an existing asset base in Nigeria with an ambitious and targeted growth plan with the aim of delivering shareholder value from both the existing portfolio and new opportunities. During the interview, Osa talks us through the near/mid-term outlook for the company, particularly with his ability to overcome bureaucratic hurdles in Africa. where he has secured over $300 million of direct foreign investment into the Nigerian oil and gas sector. He is currently vice-chairman of EER and has successfully diversified the company across upstream and downstream businesses.
https://total-market-solutions.com/2019/10/17/adm-energy-podcast/