Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi OMM I mainly stick to the main market and buy shares and have one or two explosive plays; however I do use IG CFDs not futures when I see big moves in the market, usually after a crash I try to catch the wave Back up. I am out of oil cfds now as I see the risk/reward ratio too high for now; although I see it going over 50 just not sure when hence am out. It was a good run but my exit plan was the top of the gap, I let a small position run but decided to close it. I worked for a big investment bank in the 90s but got out in early 2000s but continued to trade. To answer your questions and this is purely my opinion and not for anyone to act on it is ..... Once we see ratification this will be all over the news and I expect big demand for the small free float in circulation. Since the troubles elsewhere in Africa Such as Mozambique coupled with the military protection in Ghana, I see Ghana becoming a big player and an attractive player in the African Oil and Gas market. If we get intelligence that meetings have taken place and that the PA is getting ratified then I will expect the sp to rise well above 2p as demand picks up into ratification. Once farmin is announced then we will get a bigger rise through to drilling. The 40m they need for drilling will come from a partner (not placement OHS) who is waiting for ratification of the already signed PA. As for the valuation post farmin before the oil price collapse I thought around 200 to 300 M MC. The reason behind this is where the Tano 2A block is and the data available to date makes it highly probable that there will be huge discoveries of oil and gas. Just do the math on 100k bpd with a 60% share with an allowance for farmin = huge revenue. This is all just my opinion and where I think this is going. GL
Conservative like EUA ???
Half billion company with a 800k loss not making profit. Anything is possible. But your right 5p for Clon is a good rise.....!!
Lets be extra Conservative @5p - 1100% is no joke and even more attainable!
10p is a 80m mcap smack bang in the middle of the multi billion Tano basin, the interest it generates can see 10p. 80m is nothing look at BPC it's valued at 62m mcap and not in some proven basin.
None of us really know where this could go on ratification news - this is AIM! I could be totally wrong but we’ll know when we know......but one thing I do know is that I won’t be here to see 10p, I’ll have sold long before that!! No way I’d see 10p when it would have to pass through 3,4,5 and onwards without me pressing the sell button! Ha! I don’t even think I’d let free shares run that long!
Not a chance in hell this will go to 10p on ratification! You’re talking a 2000% increase on current SP. Ratification of the PA is what is needed to move is on to the next phases - all of which will need us to secure a partner(s) and funding - funding by means of a share placement - which would be no where near 10p a share for a placement - all in my opinion of course! And I’m invested here sub 0.4p so this not a deramp, lets just be realistic! That kind of talk draws in the likes of Sam12345 (no offence Sam) and people get burnt. Let’s stick with getting over 1p in the near term as interest grows here and then the obvious spike of 2+ minimum if/when ratification news is reported
Good day to you Bridges ,
I have been following this on and off for a couple of years now.
Traded a couple of false starts etc .....
I must say 2%+ is a very solid position to have here so good on you.
You mentioned your dip into crude futures and trading the recent volatility
in the FRSE100 shares. Do you have a background in the markets or are
you a keen PI with a lot of experience and know how. I presume you are using
CFD's or SB's as these days they provide the easiest access to implement strategies
as they arise. In the old days you needed an options account to gain leverage to the
futures. How things have changed.
I have a couple of questions if I may.
Once the Oil Minister and CLON have agreed the way forward which I presume is the
subject of this 'high level' meeting approximately how long do you expect it to take
for the said agreement to be ratified by Parliament?
Do you expect an initial leg up for the CLON sp once the first steps have been agreed
up to around 2p before the explosion to over 10p on the ratification?
TIA. OMM