Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Brilliant... very funny Starchild, made me laugh in this crazy ramp / de ramp world we currently reside in. I am genuinely excited about the future of our company, lets hope 2021 proves to be as fruitful as we all hope. My holiday to the Bahamas is on hold currently, but if we spud and hit the mother load, I may just reinstate it. The presidential suite on Paradise island is certainly adequate, the One and Only on the same island hits the right notes too! So, Early 2021 it is... until then its all just speculation, and we have a great deal of speculators on this board.
I was thinking yesterday, if the deal goes through for CERP, it will be them that benifits way more than BPC in terms of percentage move on the SP, I guess it's all about the release of the new shares, I think from following BBs and Facebook groups most people have votes yes but against the new shares.
I'v been in bpc for years and in CERP too with more to add for money to add on money I'm sure like many others. Excited to see what happens mainly when P1 spuds after all these years of waiting.
Good luck everyone
I am expecting some interesting news once the dust has settled on the merger, whichever way it goes , re * Saff 1 flow rates * Saff 2 both criteria have been met 2H / Oil price above $35. PRD CO2 injection ( they wouldn't make an offer if it wernt successful) Goudron Ipsc, Bonasse stoipp. And whatever else is due.
Bully, re your somewhat silly post...'Many political contacts lol. Does your missus run the PTA?' My responses are:
1. I do have many political contacts, otherwise I wouldn't have stated same.
2. My wife doesn't run the PTA. However amongst her skill set, she is a very clever dog breeder who recently managed to mate a bulldog (male) with a shih tzu (female). The resulting amazing new breed of puppies are called bull5h+ts....similar to most of your ridiculous fake news posts.
Have a great day. I'm in meetings for most of today.
Starchild
Wakeup2: Welcome to the LSE forum. I think the folks on here criticizing BPC (and/or CERP) DO NOT hold any shares, and are trying to talk the price down.
As I've stated before and so have many others...
Warning: Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.
Starchild
Folks on here that are holding cerp shares are criticising bpc when it's very likely they will be holders in bpc next week. Will the negative views on them suddenly disappear and be replaced with nothing but positives i wonder?
A lot of energy has been spent discussing a theoretical 1.8b BPC share dilution excluding the CERP merger’s additional 800m shares. (tomorrow’s AGM vote resolution 2). See https://www.bpcplc.com/wp-content/uploads/2020/06/BPC-Form-of-Proxy-Final.pdf
Just to be clear, BPC shareholders already voted in favour of the 1.8b shares in the 2019 AGM, and the latest resolution extends the possible use of these hypothetical additional shares by 1 year until end 2021. In fact 200m-300m shares have already been allocated via CLNs, Bahamas fund etc.
Although I remain confident both CERP/BPC AGM’s will pass the merger vote, as I see it IF CERP says yes and BPC says no, the BPC BoD already has a mandate to use up to c1.5b remaining shares to fund Persv-1. Indirectly, funding could include using 800m + 80m (CERP Debt) out of this 1.5b pot to merge with CERP, IF IF IF…….corporate financing (such as loans, bonds etc), or a JV/farm-in involving less than c500m CLN shares, can be agreed very quickly.
The above are just my thoughts and I haven’t checked the matter with our external commercial lawyers at £600 an hour. I have stated this not to create further arguments on the pros/cons/probabilities/possibilities of dilution or the CERP merger. I think we have beaten both those poor donkeys to death. It is to show a roadmap of possibilities in the unlikely event the BPC merger vote fails.
We’ll know tomorrow, perhaps by lunchtime. If we see both BPC and CERP SP spikes before an announcement, it is likely someone at the AGM has SMSd a trading buddy to buy, buy, buy.
IMHO. DYOR.
Starchild
xxx
Chesh - Touché!
Maybe not the best company to have invested in.
https://www.lse.co.uk/ShareChart.asp?sharechart=CERP&share=Columbus-Energy
Yawn...................... :()
Mr market maker.............!
All the best (quiet on your own BB isn't it ........... :()
Malcy CommentToday 17:32
Predator Oil & Gas
Predator has announced that on the 14th of July it made an offer to acquire the entire outstanding issued share capital of FRAM exploration for $1.75m in cash, the offer to be valid for five days. That deadline has expired as Columbus, the parent company of FRAM, is in a proposed merger that prevents disposal of any material asset.
Predator will now wait for the merger between BPC and Columbus to complete before seeking to speak with the organisation again. Recent uncertainty, COVID-19, and market conditions, combined with the extraction of nearly 3 years’ worth of production since Predator first agreed to invest in the Inniss-Trinity field, has significantly changed the market value of the asset. In addition, Predator has contributed significant funds to the Pilot CO2 EOR Project which need to be taken into account in any final working capital adjustment.
Additional due diligence to determine any potential liabilities in FRAM during the last 3 years would also obviously need to be carried out. All of which is important for refining the project economics going forward at lower oil prices. It is clear that Predator are not going to pay anything like the currently ‘unrealistic price’ previously envisaged.
It appears that Predator are in a unique position whereby only they can take advantage of this particular situation owing to their ‘particular skill sets and proven track record in the countries where it operates’. It should also be borne in mind the unique deal with a CO2 supplier who have indicated that they would like to have the opportunity to participate in other opportunities available in Trinidad and elsewhere. There is currently a finite supply of surplus liquid CO2 supply in Trinidad that needs to be directed at potentially the most profitable projects. This just makes sound commercial sense.
Elsewhere, in Morocco, it is worth noting that a subsidiary of ConocoPhillips has been awarded on 12th June 2020, the Mesorif Reconnaissance Contract. This acreage adjoins the already awarded (in March 2019) the Predator Guercif licence and which is almost ready to drill when Covid conditions allow.
Predator are extremely confident of the prospectivity of the Guercif licence in Morocco, which has the size of structures that would be able to make a difference to the energy market in country and the arrival of ConocoPhillips is a serious boost to confidence and validation of the prospectivity of this area of Morocco.
Predator is fully financed for the first well at Guercif and although Morocco is still currently on lockdown the likelihood is for a spud later in the year. Indeed, it is possible that PRD might envisage using the LNG FSRU technology already considered in Ireland at Tangier which would be a ‘do-able solution with upside’ and plenty of industry synergy.
All this means that the arrival of ConocoPhillips may well trigger more industry interest and of course adds to Predators o
Your not the hansom Prince Bully are you.........?
........but you used to be, until you sold .......... :()
All the best (and so end.th this fairy tale :()
The posters name is to the left Bully............:()
Whats above your post is a trolls thread title............!
All the best (not worth reading IMO :()
small correction MMM. spot it......... :()
... you may be better employed on your own board.............!
what with that placing imminent ........... :)
All the best (probs go the full $4.2m:()
... you may be better employed on your own board.............!
what with that placing imminent ........... :)
All the best (probs go the full $4.2 :()
Bully: read my posts again. I am not your PA or kindergarten teacher to have to spell them everything out in baby language. Please do not continue this argument any further otherwise I will copy/paste previous fake news you have provided on the BPC BB. If you still do not have shares in BPC or CERP speak to a financial advisor as in my opinion it is a good time to buy if the merger happens.
Stand down and so will I.
Starchild
Come on rampers - try putting a positive spin on that !!!
DescriptionDeath spiral financing is the result of a badly structured convertible financing used to fund primarily small cap companies in the marketplace, causing the company's stock to fall dramatically, which can lead to the company's ultimate downfall. Wikipedia
DONT LISTEN TO THE RAMPERS - LOOK AT THE SHARE PRICE TANKING GOING LOWER AND LOWER - FACTS
I know you know that willec................!
they have recently cleared CLN's with a placing of 2p...........!
it was then when MMM completely lost the plot, and stomped his feet......... :()
All the best (quite embarrassing actually :)
I know that just saying I rather be in a company with no debt than PRD who probably have debt of some kind
PRD arn't in the equation willec ..............!
just our CO2 injection JV with 'em........... :)
All the best (and it'll cost 'em $4.2 by Sept end :)
Out of interest how much debt does PRD have?
As the merged BPC/CERP will have NO DEBT
I know which I rather be in.
Bully1985: There's only 3.3 billion shares after merger next week including debt pay off. Provide RNS that states there will be 5b active shares. Are you and Irene K CERP's resident power couple: Aim in life to deramp because your family has no shares in BPC/CERP?
Why don't you go away and buy some PRD? I've heard rumours it's going places.
Starchild
Can see buying more as who would what o be out of this over the weekend, not many looking forward to the increases in sp to come. The derampers have had they day - not long before us holders will reap the rewards.
MMM: 'See you tomorrow at 8am when this tanks even more'
I suggest you have more faith in your PRD shares. May be they won't tank. If they do, SELL and buy CERP and/or BPC because we're going places yet PRD are a tiny little outfit of less than £10m market cap, who cheekily offered a pittance for a CERP asset worth a lot more.
Anyway, we hope you do well with your PRD shares. Have a great evening.
Starchild