Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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End of May Caspian was 13p+ cant see what all the excitement about.....
Gotti
100-300k buys are only people getting back in that jumped 2-3 weeks ago, take bigger volumes then that to convince anyone someone's taking a serious position, most LTH will have in the region of 1 million Warren Buffets not onboard yet mate
Share price breakout and bullish engulfing
100MA smashed along strong resistance of lows of 9.10p-9.30p from -23rd of May, 22nd of July and 8th of August
Quaytec,
Yet, contrary to your predictions, since yestarday someone is accumulating if you look at 100k-300k share buys, not a pocket money
Been too many false dawn's here for the market to react as it should, no real movement until a deep is proven or infills pumping.
MJF is worth 4000bopd at international prices based on Clive's comment that they will receive double of what they were getting pre licence that's $60m turnover....2 deeps flowing pre licence is another $50m....and the SP is 9p....bonkers
let's see whether markets will appreciate the true value of CASP assets
Tcx don't forget the $1.21 party here in Florida after the pound party in Poland.
Another positive update, possible 2 deeps on flow test, infill drilling of shallows, selling oil at international prices, surely the sp is due for a step up, or am I missing something ?
thought I'd better get another 50,000 at these prices! just incase FK's £1 party comes off, I'll be able to fly out first class then.
I agree, a positive RNS and pleased that CASP provide regular operational updates.
Looking forward to the perforation and flow.
Nice update today guys . Looks like the mjf infill programme is imminent and we could get more news on two deeps this side of October
Yes it is a decent RNS - never said it wasnt...
Mr C - that's a decent RNS imo - MJF underway to 4000 bopd by year end 2020 and no dilution due to low well drill cost and quick payback times.
That licence on its own is a company maker... and will rerate the S.P.... many are still missing that news.
A5 and A8 ready to be given a go at perfing - then the deferred expense of hiring Baker Hughes to acid frac A6 and 801 - lets allow for a harsh winter - say by March 2020 you have a decent little oil company throwing off enough free cash that it can pay for a pipeline, do a deal on a nearby refinery and sort 3 AB to either make Total want to buy it or equally convince Total they are surrounded and should sell the Dunga field to CASP ...
The Directors have chosen not to dilute by opting for organic slow growth - critical mass was achieved once MJF licence announced, now it will steamroller towards a pound, possibly well beyond.
I think this sounds plausibe, - ie the directors gradually building up relatively cheap additional holdings which is why they havent tried to drive the SP hard. But at some stage this needs to pop to fullfill their greed otherwise it will all have been largely pointless. IF you buy a milion shares at £1 per share and sell then years later at £1.01 per share it would be a bit of a faff !
JD - the thing is yes and no to your theory - but look at the minutae of the deal.... don't think it was Kuat messing the share price ......
NOW - Casp 1.824b shares - Kuat - owns 800m shares.
3AB - Kuats Dad owned 100% in 2017 - then splits it and gifts thirds to himself, Kairat and Raushan ..... then pays the right pence per share after Tim Field brought onboard and they decide to half the S.P - tax ?
Everyone has been kept happy until this point - the MJF ;licence indicated that critical mass has been achieved - this year or next year - been holding since 2011 so not really fussed which one but its sooner now than it has ever been.
Why make an acquisition when we cant even deliver on what weve got? Doesnt make sense
MC Its my belief that the SP is artificially surpressed to enable the directors to own a disproportionate amount of shares to their investment. 3AB deal is a good example of this. The original deal was concluded based on a notional price and not a true value. The BOD acknowledged this...allowed the SP to slide and then concluded the deal nearer to true value. Wouldn't surprise me to hear that rather than the company actually completing a deep well and ensuring production, that they have decided on a further acquisition. I have been invested here for too long. I'll keep my stake and will sell on the next spike. I won't be waiting for dividends as TBO I don't trust CC to deliver them as always GLA
Confused by this post, are you saying we will be acquired or are you saying someone will acquire a load of shares on the cheap without a placement ?
Looks like we are in acquisition mode....let the price drift down with the knowledge the company is worth a lot more then do a deal with an associated party in exchange for massively discounted shares and then pretend it's all above board. A couple of RNS later the SP returns to normality and we all suck it up.
I think we should have some kind of update by the end of next week. After that, in September, MJF international prices kick in and an infill programme will begin. Alongside that the possibility of a deep flow may come anytime up to December. Speculating about which one, or when, does not help with CASP as they communicate badly and change direction without information, until much later on.
You know how it is, you wait ages for a bus, and then three come along together
Smasher if A8 was on flow test casp wouldn't be this price, even without an RNS it would have taken off by now.
You would like to think A8 has been on test for a while and no excuse as to why not after nearly 9 weeks.