Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Its not going to happen and should have used local lawyers these applications do not cost that much we are being ripped off. And nothing from nothing equals nothing. They will just shut down and atart again.
Rickierich: BPC costs at the last hearing was stated as $400k, plus since then 2 days of legal costs for a 2 day hearing that never materialised. I estimate $500k total. Just because only 200k is potentially secured, does not mean BPC cannot seek a court order (and enforcement) of the balance using local lawyers who are cheaper than a British QC.
GL
Starchild
200,000 will not cover our costs half goes to the government, and I reckon our lawyers will make sure they swallow the other half. Skunks smell better than British Lawyers. We just want rid of that.
Just saying, do your own research on what British Lawyers are like, Oxford grad shortcut culture also
DYOR on what skunks smell like :)
Farm-in
Brilliant Tiburn post 12:10 yesterday.
He made the case how the CoS in the Bahamas’ licenses has DOUBLED from an affective compound 24% to 50%. IMO, a major will likely consider these odds favourably using a simple thought process….. ‘If we do a farm-in, it will cost us $xxx million. If our next drill is inconclusive, it will cost c$40m. If the next two are inconclusive it will cost another c$80m. If 4th time lucky (including Percy-1), it will earn us $x Billion minus FPSO capex, minus our OTC payment to BPC, $120m drilling costs and $xxxm appraisal wells. Result? A potential ROI in billions….’
Why wouldn’t a major do a farm-in with those odds? Is there a bidding war behind the scenes with an announcement after the court case and licence renewal? The latter is a simple legal formality with a watertight contract but may be delayed due to populist election posturing.
Court case
Somewhat irrelevant for the SP other than it opens the door for BPC to get their costs back and to possibly sue the enviros. Refer to https://www.bahamasjudiciary.com/courts/hearing-list/ . As at 1130 yesterday no case is listed for the next 4 weeks. IMO If by today, the enviros attempt to pay the $200k costs deposit assuming BPC’s lawyers accept it, it is likely BPC will attempt a short procedural non-listed hearing asking for the case to be struck out due to non-compliance of the original 30-day order.
LSE BB moderation
LSE allows the freedom of speech with minimum ‘censorship’. However, libel, racism, trolling, and share price manipulation (eg, pump and dump) are not permitted as there are legal consequences. I am not suggesting those recently removed did such things as I do not know the overall picture. It could have been simply for having a track record of causing disruption. I’m not going to mention names as people who have been removed cannot defend themselves so that would be unfair. Embarrassingly, I admit to one yellow card although I was not suspended. It was during heated discussions on the CERP merger, and my passion got one over me. I can’t remember whether it was for alleging a fellow poster was a self-proclaimed big shot with one vowel being miss typed, or the implied unnatural use of a gerbil to another commentator who annoyed me at the time. I did my penance and apologised to the latter.
LSE, BPC, and the authorities do monitor BBs as we are a public goldfish bowl for shareholder sentiment and open to potential manipulation. LSE has grown over the years and it now has a new COO who is making some positive changes to improve the user experience. I hope ADVFN, where almost anything goes, gets its act together ASAP.
DYOR. GLA
Starchild
https://www.lse.co.uk/profiles/starchild/
Ps…I admit the My little pony abattoir joke was bad. As penance I will not post anything for the next hour.