Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sugardaddy. I sense a lot of frustration and anger in your post. If you watch the presentation (my previous post), it shows that a combined CERP/BPC will have access to capital markets to monetize both companies prospects. Today, CERP is too small to do so, and BPC too risky.
How you vote is up to you, and I will respect that.
Starchild
?Sugar this all happened when the oil price was at 20p and below. Both companies were trying to save them from going under.
Would the valuation be different at $50 oil price? Yes but so would the potential of BPC.
I like the huge upside and have only invested in CERP for the BPC potential. CERP on their own will struggle over the next couple of years if oil doesn’t go above $50.
I prefer the gamble of the 10-20x share price on the Bahamas drill than the one to wait and see if the oil price recovers. Even with the recovery the CERP upside is quite limited.
Findme, I don't fully understand your post or what you wish me to clarify. My post this morning was not geared to regular posters on the CERP/BPC BBs, but to lobby those who only occasionally read these forums, perhaps triggered by the corporate action notification re the vote. I have already made it very clear on my previous posts (a) why I believe the merger is a good one and (b) my total confidence in the BoDs. Please review what I have written since 11/6, which runs to 73 pages in a Word doc/PDF and includes my observations on the points you raise about P1 funding. 'We' keep copies of everything I have written in the public domain for legal reasons which is somewhat rather complicated to explain, without being accused by some, of self-importance .
You will of-course vote as you deem fit and I will respect that.
Starchild
StarChild, seeing as you have a foot in both camps I thought I would post here my response to you on BPC.
Starchild, your post, to me, shows you have as much a vested interest as any poster advocating a NO vote otherwise you would be just like me who has been here since 2010 and cast my vote without trying to influence others. If you are totally independent then you only know about what is going on behind the scenes as much as anyone else. Your extract;
If no additional information is forthcoming before the vote, it likely means they are in the middle of negotiations with 3rd parties and cannot spell out the deal(s), even though they would love to do so.
How the dickens do you know they "would love to do so" unless you know more than you are letting on,
Your post reminds me of an interview, the BBC I think it was, with Roy Jenkins in the run up to the vote on whether we should join the EEC. He was almost blubbering because at that time it looked like it would be a NO vote. As it was and to my disappointment it was yes. When the dust settled I do believe he was one of the UK's first commissioners,
I firmly believe we should vote on the basis we have been able to glean from the information the respective boards have put out and if it goes against their wishes they have only themselves to blame.
By the way, you and Coffee seem to have doubts that the P1 drill will not go ahead if the merger fails or that the merger will assure that the drill WILL go ahead. Elucidate please.
StarChild, seeing as you have a foot in both camps I thought I would post here my response to you on BPC.
Starchild, your post, to me, shows you have as much a vested interest as any poster advocating a NO vote otherwise you would be just like me who has been here since 2010 and cast my vote without trying to influence others. If you are totally independent then you only know about what is going on behind the scenes as much as anyone else. Your extract;
If no additional information is forthcoming before the vote, it likely means they are in the middle of negotiations with 3rd parties and cannot spell out the deal(s), even though they would love to do so.
How the dickens do you know they "would love to do so" unless you know more than you are letting on,
Your post reminds me of an interview, the BBC I think it was, with Roy Jenkins in the run up to the vote on whether we should join the EEC. He was almost blubbering because at that time it looked like it would be a NO vote. As it was and to my disappointment it was yes. When the dust settled I do believe he was one of the UK's first commissioners,
I firmly believe we should vote on the basis we have been able to glean from the information the respective boards have put out and if it goes against their wishes they have only themselves to blame.
By the way, you and Coffee seem to have doubts that the P1 drill will not go ahead if the merger fails or that the merger will assure that the drill WILL go ahead. Elucidate please.
I agree, you are correct and ...thank..whichever deity you believe in ..for that...
True, but luckily this company has nothing to do with Lenigas anymore. Not in the last 3-4 years, the company has totally changed, and will - upon completion of the merger - change even more.
Yes, i bought into Lenigas, and Ukog, i made a small profit, couple of grand in UKOG and then got out... but i might get back in again in the near future, a small dabble. but mostly, anything that big Dave promo0ted, turned to ****e. Dorimus, (Octagonal doing ok, exception to the rule), AFPO, YOLO, INSPIRIT, Cuba oil and gas SOLO, REM now KDNC, man has the kiss of death. basically, if you want to know what NOT to invest in, as a general rule of thumb, see what he recommends. Just my own opinion, formulated over the last 5 years or so.
I remember Lenigas from the UKOG days. you have certainly seen a few ups and downs then ziquarat.
Nice message Starchild... Its a YES from me, im a long term CERP holder, way before they were Cerp, when they were Lenigas, ... ive been in longer than the oil in the ground. Ive been in so long, the oil was walking around eating palm fronds..... ive heard, there might be ''black gold'' in them thar seas!
Good morning . It’s a yes from. I am excited about the prospects tbh.
You will be receiving voting documentation any day and may be reading this BB out of curiosity. I and many others on this forum are voting YES to the merger because we have full faith in the unanimous recommendation of both BoDs to do so. Even though we all want more detail as to funding, I have full trust in the BPC and C£RP BoDs. If no additional information is forthcoming before the vote, it likely means they are in the middle of negotiations with 3rd parties and cannot spell out the deal(s), even though they would love to do so.
There is a SMALL hardcore group on this forum who are purportedly going to vote NO, which is their absolute right, implying they believe they know better than the company’s directors. Some have admitted it is to ensure any massive oil find is not shared with the current CERP shareholders after the merger. Others have openly admitted to manipulating this BB for self-interest. And one person (using various aliases) has been allegedly suspended for spreading fake news and being disruptive.
It is your absolute right to vote how you wish. It is always advisable to seek professional advice and to do your own research. Always assume everyone posting on this forum (including me) has a conflict of interest. ALWAYS review their posting history and be very very suspicious of anyone CONTINUOUSLY speaking negatively about a company or its Directors. Why don’t they just sell their shares rather than waste time arguing about it for hours on end? Is it out of public service to help others out of the goodness of their heart? Or is it for other reasons, including attempting to lower the share price so they can buy in at a cheaper rate at the expense of others?
I am a long term BPC holder since 2014 and not a day trader. I am looking forward to the merger as it ASSURES the Bahamas drill (spud) will happen http://www.tribune242.com/news/2020/jun/12/oil-explorer-merger-assures-bahamian-well-will-be/ and after it happens, we will know whether tiny BPC/CERP has discovered a middle eastern sized massive oil field.
I apologise for this Gettysburg style address, partly written out of frustration.
Starchild