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.
It's ok I don't mind sharing this post again......
Peeps here are pricing in the potential mind boggling value of adme's stake in oml 113 and perhaps forgetting that there are potentially 3 deals incoming here on O&G assets in West Africa that Osa is busy structuring as we speak?
Osa confirmed it himself in recent interviews....
Valuation of our stake in oml 113 alone puts this at at least 15p a share - imagine if just ONE of those deals were to land in the coming days?
20p? 25p? 30p?
I'll just leave that thought there for you to think about....oh and by the way peeps are saying Dan Brown is representing the MM's by posting on here, well SpikeyJ is a self confessed ex MM himself - no wonder they both bounce off each other with their de-ramping rhetoric!
They are best ignored if possible! I find it amazing that they would waste so much time here
So both Dan Brown and SpikeyJ reply within minutes of each other - I rest my case ;)))))
dan, or you would be wanting to encourage
great volume and back and forth churn in
trading here, since peel are making very
good money off the whopping spread here.
If i was representing MM's - i assume that would mean i work for PeelHunt (as they are primarily the lead MM on Bid / Ask) - as Peel Hunt are a big shareholder and to some (a real positive) - surely my intentions would be to get the price higher so Peel can offload more quicker at a higher price - so that comment makes no sense at all
obone, 8p is just the exercise price of the warrants,
it does not tell you the value of the freebie warrants.
what i mean is, if a placee paid 7 pence to buy a
placing share, they also received a 'free' gift of 1.25
warrants alongside that placing share. so if you want
to see what they were willing to pay for their ADME shares,
you need to think about what that 'free' gift was worth.
so you need to figure out, how much would be a fair
price at which someone would sell or buy a warrant
with an exercise price of 8p, with an expiry date two
years from date of issue, but which can't be exercised
for the first six months? - i.e. what would be your price
if someone asked you to make them a market in
warrants with an 8p strike price & those conditions.
so if you think a fair value for a warrant like that
would be 1.6 pence, then someone who buys a
placing share at 7p also gets (1.25 x 1.6 pence) worth
of warrant freebie = 2p worth of freebie warrant.
hence, effective buy into ADME at 5p. if you think a
fair price for a 2 year 8p warrant is 1.2p, then placee
gets (1.25 x 1.2 pence) of freebies = 1.5p, making an
effective ADME price of 5.5p. if you think a fair price
for a 2 year 8p warrant is 2p, then placee gets (1.25 x
2 pence) worth of freebies = 2.5p, making their price
for getting into ADME shares effectively about 4.5 p.
obone, how much do *you* think would be a fair value to place
on a warrant to buy ADME shares at 8p, valid for up to two years?
Peeps here are pricing in the potential mind boggling value of adme's stake in oml 113 and perhaps forgetting that there are potentially 3 deals incoming here on O&G assets in West Africa that Osa is busy structuring as we speak?
Osa confirmed it himself in recent interviews....
Valuation of our stake in oml 113 alone puts this at at least 15p a share - imagine if just ONE of those deals were to land in the coming days?
20p? 25p? 30p?
I'll just leave that thought there for you to think about....oh and by the way peeps are saying Dan Brown is representing the MM's by posting on here, well SpikeyJ is a self confessed ex MM himself - no wonder they both bounce off each other with their de-ramping rhetoric!
I paid 7.11 yesterday! I’m down by 20% already! On 2 days of good news - bad timing as usual for me I swore I’d never touch AIM again! ??
Bum Had to pay 6p!!!!
Can't buy!!!!!
Well is 5.6p a good time to buy??
Spikeyj,
your maths is n't good.
1.25 warrants at 8p is effective SP of 6.4p
and bought shares at 7p
so avg is 6.7p
"... SINCE THEN WE HAVE HAD A PLACING AT 7P!!!"
a placing that ADME have still not managed to
complete, where placees who did pay 7p also
got given 1.25 warrants with exercise price of 8p
as a sweetener. that makes the effective buy-in
price for those placees more like 5p ( - depending
on the value one would attribute to the warrants.)
anyone who just buys at 7p in the market now does not get any
free warrants, hence would be getting a much worse deal than
those placees, some of whom still haven't paid up themselves.
SOUNDS GOOD TO ME AND SINCE THEN WE HAVE HAD A PLACING AT 7P!!!
THE MMS THOUGH APPEAR TO HAVE THIS PRUCED AT 6.5P AND UP WITH EVENTS
The Aje Field, part of OML 113, in which ADM Energy holds a 5% equity investment
· Oil continues to be produced at a broadly stable rate from two wells (Aje-4 and Aje-5) at an average of 3,009 bopd
· In June 2019, Aje completed its 11th lifting, equating to 297,581 barrels sold by the joint operators at $64.844 per barrel
· Total produced volume of approximately 662,448 barrels of oil from January to August 2019
· Significant increase in recoverable oil reserves outlined by the Competent Person's Report ("CPR") updated in April 2019 as a result of better than expected production levels
· Aje partnership fully paid the $9.8m licence renewal fee, thereby securing a 20-year extension of the OML 113 licence
· Technical work has largely been concluded to support a decision on Aje Phase 2 development; targeting estimated gross production of 8-12,000 bopd