Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sorry, you are correct on the shares in issue which I’m happy to concede on the price being around 5.5 pre-drill. The prices you are talking of look inflated to me, they are the kind of prices you would have seen pre oil crash... the market values Oiler’s with much more caution now from what I’ve seen across the board... all Tano is, is potential... that doesn’t mean I don’t like the share I think if they get ratification this will do well I just don’t have the same faith in it being overnight I’m happy to hold for a while to see what comes of it and believe me I’d be very happy to be wrong on this... appreciate the replies though nice to post an opposing view and not be torn to shreds for it
Tradinglad not apples for apples mate. I don’t folllow RBD and I have completed no analysis on them but it looks like they are an investment company non-comparable with an operator of Clon (who get their sleeves rolled up) They are into U.K. oil and gas and the California fracking assets minor compared to potential of Tano Basin. Timbo raises a good points as well. However you needs to look at the potential of the Tano basin in terms of MMBBLS and the boepd is this comparable to RBD interests? In any case to very different types of companies.
I've never followed RBD but it looks to me as if they have 6.73bn shares in issue. CLON have 717m which means RBD have about 9 times more shares in issue which would give a share price on award of around 5.5 - 6p
I like to play the fantasy game as much as the next guy but I think 15p on strike is a more likely figure than 15p on award... this company is somewhat comparable to RBD and although RBD has about 3 times the shares in issue it also has found oil and is gearing up for an EWT... it’s share price today is 0.65p so providing there is no dilution here I’d say this pre-drill is looking at being between 2-3p unless I am massively missing something from the story... very happy to be proved wrong... my average on here is 1.1p so trust me when I say this I AM NOT DERAMPING
Those prices would do me but they may be more fantasy league than reality. I would hope not but heyho again
We all gave our own strategies freeshare appreciate your comments.
As passionate bridges is for his investment I hope you derisk before spud or along the way....as they say cash is king everything else is unknown.
The way, I would probably play, those figures;-
Start with a 1,000,000 shareholding, for easy figures,....sell 30% at s/p@15p,.......leaving 700,000 shareholding, sell 40% of this reduced shareholding at s/p@26p,.... leaving 420,000 shareholding, sell 60% of this reduced shareholding at s/p@33p,.....leaving 168,000 (16.8% of original 1,000,000 shareholding) in for spud,....I would be comfortable with that scenario, on a Duster result.
BW
Because if you were sat in profit as per your figures at 33p spud drill then why risk the downside.....which could be as low as few pence as this is purely a tano play at the moment.....
Conservative imho but most will not have the nerve be here to see the 45p
I really hope your right with those figures would help alot in my life....
Hey Tiburn imho conservative guesstimate but based on 1 Billion MMBBLS reserves and 50K boepd
1 - on award 15p
2 - on farm out Major partner joining 26p
3 - on drill spud 33p
4 - on oil strike 45p
Meaning, "if not adhered" to we are all broke like the Aaogers and Sxxers.
Meaning
Rule of law adherence says Clon get the licence - at present no one is developing that area.
If not adhered to then probably game over.
But if awarded - what SP on the following ?
1 - on award
2 - on farm out Major partner joining
3 - on drill spud
4 - on oil strike