Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Very rude to answer questions with a question.
Would you do me the courtesy of answering mine first please?
Mmmm….. That wasn’t an answer was it?
You must be working it out I guess.
Do you think this is low risk then? 9 previous failures doesn’t seem low risk to me…. What do you think?
When do you think that second compressor is going to turn up? will they wait to make sure the sidetrack is successful do you think?
And how are they going to get those millions out of Lindsey? They only have permission for 10 HGV movements a week, any thoughts?
Bit rude LS……you wouldn’t be trying to push reasonable posts down the list would you?
What do you think can Knowe convert at 0.6 or 0.9?
That’s a lot of new shares isn’t it!
The £12 million is for Saltfleetby only is it not? How are they going to pay the CLN at best running at half the CPR figure in 4 months with a break in the middle to drill the sidetrack?….. looks like £1.4 million more shares then……. But at what price? 0.9 or 0.6……of course they voted recently to be able to place around £500k if they need too!
The warrant is just an agreed debt at the end of the day.
Their exercise will depend upon the prevailing share price.
Why would anyone exercise warrants at those prices knowing that the £1.4 million CLN can be exercised at .90 or possibly .60 depending on your reading of the wording??
So what we have learned from the interview and the “Angus Energy Transitioning with Conventional Resources Toward a More Sustainable Future.”
Saltfleetby is now apparently a low risk. That’s fair enough as the presentation and interview are referring to the fact that the Two previously producing wells are just that.(they have a 15% yearly drop off however) That would be fine apart from the fact that the figures that GL gives in both the presentation and interview are based on the Sidetrack being successful. That as they very well know is very high risk. The nine last attempts failed despite the “Geology being well known to the previous drillers). The figures are also from the CPR which is out by over £12 million again concerning. To try and sell this as low risk using the successful (and high risk) 10mmscf figures is disingenuous to say the least.
We also now know the plans have changed again. The sidetrack is going to be delayed until spring and now from a possible 2 wells?.... Why and what sort of a delay could this cause If the EA need to approve it. SF7 already has approval but this took over a year to be granted.
I have no doubt this post will be instantly pushed down by dozens of meaningless 2p,3,p.... ten bagger dross, so please feel free to add points so I can counter LS in his “Reasons to invest” posts.
https://www.youtube.com/watch?v=u-fzU6QnVFU
https://www.angusenergy.co.uk/wp-content/uploads/2021/06/ANGUS-ENERGY-PROACTIVE.pdf
Well this is George's third puff n spin effort in about as many months... and it's seemingly delivered the same stellar results (even despite the best but frankly clumsy efforts of the cheerleading squad spamming this board with copy n paste nonsense). Anyone want to attempt to claim that the market's suddenly been fired into positivity on ANGS?
When will George realise that the market (utterly unsurprisingly) doesn't put the slightest value on his words? It's heard it all before, from present ANGS management, from past ANGS management and pretty much from every other smallcap AIM oiler. And looking at the complete non-reaction again today, it doesn't see any worth in this latest puff-fest. My 1.0p exit point looks just as far away as ever.
Not that I am one teensy little bit surprised. The only thing the market will pay any attention to - and George could do with realising this - is first gas AND audited production volumes from Poundland. Not airy-fairy geothermal burblings. Not the amazing news that Lidsey's been re-re-re-re-re-evaluated and wow, it's all of a sudden (again) the Weald's Kuwait according to the company. (I suppose that claiming that might put off having to take abandonment costs on the chin for a while longer). Just hard and verifiable results from Poundland will do. If they're good, the SP will react positively. If they're not, it'll sink.
As to the directors buying shares that George mentioned? Given the frankly staggerign similarities between ANGS and UKOG, I'm prepared to lay a fiver thatv George will take yet another leaf out of the Sando playbook and announce a monthly very small salary sacrifice scheme, where rather than trousering 100% of their monthly salaries as supplied by PI fdunding one way or another, thge directors will merely trouser 90-95% of that and spend the rest of PI-supplied funds on shares for themselves.
Either way, it's still PIs' money, just like iot is at UKOG - but I expect they'll hope PIs won't realise.