Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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yes mannnan,maybe calamari boss is loading uppppppppppp!!
Also I do believe this is the risk/reward Align were referring to, as in reference of forward path for other projects....either that or they know more than us and have comms with the BoD.
Deltalo
Derampers don’t care because the price is on the fall. So they are taking this opportunity. Talking down more so they can get in at lower price
It doesn't say it's not commercial or a duster in the rns, the well isn't finished with and so we could see the biggest sp turnaround in years.
Let's wait for the next update to see the full picture here as imo this is inconclusive.
I can understand where SI is coming from as i'm in the same position which is why I'd like to know where the timeline is with the other projects. They were in advance stages, so the funding may have changed IF Buffalo is out of the picture but not impossible as many companies in the O&G sector start out this way.
I still have no issues with the BoD, they worked from dataset, (which I still can't believe could be so out), and the independent analysis done through DUG with the 3D Seismic on an existing producing basin.
As SI states, another funding/funded project and we're back in the game and yes 1-2p very possible.
The Buffalo-10 well is being drilled offshore Timor-Leste in the TL-SO-T 19-14 PSC in which Advance Energy holds a 50% interest.
where in the rns does it say its over or a duster
the company has not stated its over
As mentioned before, I'm holding my shares, as for me too late to sell what I have left; thankfully I took an amount similar to the capital invested out, but have lost the large amount of profit, but this can happen in this sector. I look at this now sadly not ascribing any value to Buffalo, clearly happy if this is not the case, and in essence as a shell with a little cash left and would hope at an advanced stage of closing a production deal funded via say debt, equity swap and possibly a small cash raise. If this does happen, as our mcap is only around £6mio, I can see ADV moving back to say 1.5-2p as a start and higher thereafter. The reality is this is just a guess at this stage and nobody really knows, we have to wait and see what happens.