Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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And it did work out for Del and Rodney. Watched the watch episode earlier in the week and was thinking of me and BPC.
This time next year Rodney...
Nice figures, Kapkina.
This this time next year we should know whetehr there's at least some commercially viable oil at the site of the drill.
According to Moyes & Co estimates:
Mean range 1.6 - 3.3bn barrels. Midpoint 2.45 bn
Max range 11bn -22bn barrels. Mid point 16.5 bn
With 25%-35% chance of success
At USD2.0 (GBP1.55) the BPC is worth GBP3.8bn at mean midpoint estimate and GBP25.6bn max midpoint
After capital increase and assuming all possible dilution from convertibles new number of shares is 2,590mn
Therefore the potential value per share is GBP 1.47 at mean midpoint estimate and GBP8.9 at maximum mid point
At 30% chance of success at we get NPV = 70%xGBP0.0 + 35%xGBP1.47 or 30%x GBP 8.9 (for wild optimists) ie 44p or 270p vs current 2p
Worth a punt?
IK: @£3 a share I’ll BUY Langan’s to ensure we have enough horseradish!
that stage in life when you are rich enough to walk in to a decent restaurant and order without looking at the menu, knowing the staff will get what you want, even if it is not on the menu.
#KFCbeefburger
Yes, much better ha ha! At least I think there is life back in this now.
@£3 a share I’ll BUY Langan’s to ensure we have enough horseradish!
at £3 a share my grandchildren could retire - before they finish school.
£8.7 !!
Surely a fiver!!!
GL
BP is the big in the area. Imagine if the buy us out. Dream £3 a share and my retirement starts now. Joking as anything that ends up covering my current loss would good and a bit of profit would be beautiful. Also like to say it’s nice to see some old posters back, still waiting for jammn to return.