Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Nhawan I only wish I was short on ANGS - I'd be minted. Sadly, I and I'd bet nobody else is short here... just stuck trying to get out without too painful a loss.
The overused "band of evil shorters" trope is just another myth always trotted out in circumstances such as these by the uberpositive in a futile attempt to explain away less than positive opinion. Sadly the latter are instead based on the cold and hard reality of things.
Headinthesand, You are working overtime for your short mate. Give it a rest.
If there was bad news coming then I would expect alot more volume than 20m per day. I'm sure the pi's would get a whiff of it and TR1's would be incoming by now.
It's laughable the way some here try to point to the lack of an RNS being in any way an assurance that all is well within the ANGS circus.
Let me ask a simple question... looking back at any number of previously issued ANGS RNSes, just how many, pray tell, contained information that turned out to be in any way accurate? For example, has ANGS ever got anywhere near hitting a schedule that it has mentioned in any RNS? Answers on a (microscopic) postcard, please...
To my mind, with the recent frantic flurry of deflection attempts from George, he and his BoD almost certainly know that, far from being the game-changing and quickly revenue-generating jewel in the crown that they assured investors it was (NB via RNS), Poundland Gas has instead turned out to be the company's latest cowpat on the shoe.
AAAG members would like to put a negative spin about everything. Information about financing is "sensitive" and naturally all questions around that will be deflected. RNS will be imminent on funding.
Any market-sensitive information in yesterday's webinar would have required an RNS beforehand.
It was clear, therefore, as suggested by the presentations, that it was, above all, to provide an update on management's current thinking and on Lidsey.
We did learn more about the geothermal project and the priority now being attached to the development of Lidsey.
Make that gkb instead of Bob... the rest's spot on, though
Bob, that's an assessment with which I entirely concur.
The trouble with any "Emperor's new clothes" outfit- as ANGS surely is - is that eventually harsh realities prevent the facade from being maintained any more. As I said yesterday in a mysteriously deleted post, some here are finally starting to wake up and smell the nastily bitter coffee.
However - and even leaving aside the more obviously agenda-ed - there are still a valiant few clutching their long-term confirmation bias to themselves like an ever-increasingly threadbare comfort blanket.
No mention during yesterday's frankly embarrassing open mike gig of how "no win, still fee" Aleph is doing with finding any mugs prepared to lend this cavalcade of clowns anything at all. I wonder if they've been paid their "reasonable" fees yet?
From a cash point of view, ANGS must be yet again running on fumes. I wonder what that's most likely to mean... again?
see you in 2028 then,not long to wait.
Is he a circus entertainer as well, he has more hidden skills that we ever thought possible.
In order to deal with the delays of the UK regulatory regime, GL said he would like to have about 8 projects in the pipeline.
The geothermal is an ambitious project, potentially twice the size of 100% of Saltfleetby, it only becomes really profitable when it is scaled up.
I'm sorry to say that the most likely reason for George to be bigging up Lidsey (again) is because he knows all is decidedly iffy at Poundland Gas. Either "no win, still fee" Aleph can't dredge up anyone prepared to lend this shower anywhere near what they need, or there are problems with the field's commerciality. Or both.
Re Saltfleetby's processing equipment:
it sounds as if at least one of the key pieces of equipment has been bought in the US, dismantled and re-built in accordance with EU (and UK) requirements.
PS: re Balcombe, they do not know yet the official reasons for WSCC's rejection of the ewt.
Didn't take notes this time, so here are some impressions.
Saltfleetby continues to sound very attractive and, imho, justifies a much higher share price. At one stage, GL expressed the hope that the final costs might come in within the last budgeted figures.
GL gave some indications re the economic implications of their geothermal project which, if scaled up, could generate revenues of £200m over 20 years. Re funding, think he said hopes to announce more soon. Accepts that they may well have to surrender some of the equity.
Re Lidsey, they are in quite a hurry, by the Summer may be in a position to obtain a CPR and seek a partner. Reluctant to commit to figures, but the potential value is clearly exciting in relation to Angus's current market cap.
Re Balcombe, his personal inclination is to appeal, but it will be a decision for the board, of course.