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Fair, good reply shaa.
I'm just surprised that the most positive posters here have gone from 1p + certainty to acceptance of a future drop to... 0.2?! As well as seeming to see that as likely rather than unlikely.
That's brutal.
Shaa….and a lot have double aliases too. So transparent
Lock “ But if the company can't wait on a higher sp, why would/should shareholders hold through a lower sp?”
That’s the beauty of this game, nobody knows what news will come (except Art) and how the MM’s operate.
Buy, Sell or Top up - you pays your money, you taketh your chances.
Not at all lokanraej, not at all, every investor needs to make their own decision.
Some on here are having meltdowns (assuming they hold!), I just read the situation which MAY happen that if MM’s drop it then we might never see them again.
As for Q3, there will be more meat on the bone.
All IMO, I could be wrong because if someone asked me on the eve of re-list what SP we will be end of September then I would have said 1p minimum.
This is discussion BB where a lot wear masks and shouldn’t be taken as investment advice.
But if the company can't wait on a higher sp, why would/should shareholders hold through a lower sp?
COPL need to secure the CUDA 27% Working interest at the start of this journey by any and all means - with the deal being done in next few weeks - cant wait on higher SP
shaa, you are probably right.
But in any 'red first off', 'wait until November' scenario, what you are actually telling people, what they will read from your words is 'sell out and buy back in lower'.
I’m sure RBC and HSBC are happy we’re taking directives and business strategy from Hadron, lol. Get real!
Post made me laugh Demon, lol
So true, MM’s read these boards and know a few snow flakes are teetering on the sell button, I think we will see a bit of red tomorrow first off, and the MM’s will be like a kid picking candy from a sweat shop.
My opinion, sit it out until mid NOV and wait on Q3, if the SP is still at these levels then ‘review your position’.
Personally I am holding long and see next year as massive.
I think you forgot to insert the word, NOT in your first line on this posts.
But isn't the problem that Hadron etc only want the placing shares when the share price is on its arse? That's how small companies raise fast, that's how their partners make money.
Demon. Cracking post.
Don’t disagree that there won’t be a raise in the “future”. It’ll be done for strategic and commercial reasons. If you want to be taken seriously by II’s and have aspirations to be a major player you don’t raise when the SP is on its ar$e. If you do a raise now you’ll never get there - simple! Timing is everything as Art knows - Atomic acquisition being a fine example. Without which you wouldn’t be sitting with a very valuable and prosperous asset bought for peanuts. Too many scorned women on this platform.
Once again, no placement or consolidation has been announced.
Interesting -
"consolidation ....could facilitate additional financings to fund operations in the future"
Could also be an II offering funds up front for development, paid for by production revenue offset over time or a % for a period - win win.
A few deals could be done around this theme, the asset is certainly attractive enough with a ROI increasing daily by MF and upside being realised by drilling.
Perhaps a placing allows a block of existing debt to be paid off, then refinance on better terms.
My take FWIW is that AM will be in discussion with potential Institutional investors. I've little doubt about that.
Most Institutions have a set criteria that has to be met before they can invest. Invariably one item on their list will be a minimum share price.
If in any Consolidation we see the resultant SP above 1p that should stir quite an interest from Institutions hitherto unable to invest in my opinion. What may have been a stumbling block could become a stepping stone.
To be clear the company has said viz:-
“consolidations may enhance the marketability of the Common Shares and could facilitate additional financings to fund operations in the future."
Emphasis on “could” which shouldn’t be interpreted as “will”
Also there’s no mention of an imminent Placing or one in the short term in that quote as far as I can see and there’s certainly no reference to dilution either explicitly or implied.
To repeat not all Pacings are dilutive. In my view any Placings that may be in the pipeline will almost certainly be value enhancing and accretive. I say that with impunity bearing in mind the positive situation that’s currently unfolding in a progressive market.
AIMHO
As mentioned before, there is so much to be positive about here...
The asset alone was purchased on the cheap due to the poor market conditions because of Covid.
Since them, oil has doubled in value and still seems to have further to go
We have hedged some of our sales for the next 3 years, which derisks the company greatly
Our production has more than doubled since the start of gas injection
The recent well drilled has shown oil in six zones, testing being done as we speak which may show good results
The infrastructure is modern and the field is new.
We have a distressed partner which we may acquire at a discount
WHAT'S NOT TO LIKE !!!!
Just remember nothing currently factored in at this price , consolidation or not
still sitting around £50m Market value
This article from Cuda on the 9th September states 40% increase in the local NPV10/RR
from December ( was $7.50) to currently
$7.50 + 40% = $10.50 x 31mbo = $325.5m better known at £237.88m
With nothing , zilch , zero factored in , Arty in a now very upbeat US Market could
sell our AQ for multiples of our market value currently , throw in a bit for Deeps
and a re-sale for £300m would be more than realistic
as a growing production company in the safest of safe regions at some point we
will based on hard figures & p/e etc etc be higher than that sale alone value
The markets not the gym invented the phrase no pain no gain
Real lth have endured much pain and continue to sit back and wait for the
gain GLA
o.o.o. rest of the day
:))
https://finance.yahoo.com/news/cuda-oil-gas-inc-announces-002100307.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAANX2vgEBHVYFVi42NBi-jYJDP-1QwClmQ78TCHTNxZeOEkUTkpnFR56XSR57tQhSfY01sLd18IqPA0ce4jTx-j4Pa5xjcFXhgKBxyHbb6j1dJPhVCZ3uwPIb8nyIi1Cw-ITIGt2NIhtxqUJddt3fR9wLDYj0DSdMFXvQ13-9dKXt
Hadron et al dumping, massive sells meaning we have a lower SP now than relist - holders are being influenced by this and selling, fundamentals pushed far back (assisted by poor Corporate marketing) - if consolidation followed by immediate dilution - regardless of what its used for frankly for many - then 0.2p equivalent is viable, as already battered trust is further decimated.
At that low ebb, enter the new II cohorts with mates rates enabled by this churn and potential dilution, SP stabilises, we move up and rerate to true value finally, attracting the herd as we go.
LTH will benefit no doubt in time, but for those entering for the first time at 0.2p its superb.
AM gets a solid shareholder base, II longer term positions and proportion taken on fewer shares, less churn and more cash in the bank for acquisition or drilling.
There is no loyalty to the shareholders that kept the lights on during the jam tomorrow years - business is war and we LTH are the expendable forlorn hope vanguard first over the barricades.
- COPL need consolidation and a reset - can be a good stimulus
- We dont need further dilution right now - price lowered by a CEO action to provide an II entry price, its low enough now and rerate can still be achieved without this measure.
- COPL will always perceive they need further funds, dilution just another recourse - but production revenue is increasing, $20m RBL is in place, $20m in the bank - this further fund raise is not an absolute requirement for survival as of old.
- What AM gets from dilution is access to new funds that his lender does not have oversight approval on how its spent.
So what could he do with it? The CUDA WI would presumably be number 1 priority, if the lender allows say $15m spend on this ( he has to keep minimum $2.5m on account) the potential raise may be for the remainder required to secure - perhaps accordian $20m may not be authorised until a period of consolidation and payment of main loan capital from Feb 22.
Offers should have been discussed with CUDA - they paid back some funds to Southwestern recently so may wish to do a deal and carry on in some form as partner in BFU if they can.
AM will know by now what scale of funds he estimates he can close the WI deal on - the timing of this consolidation and potential raise following is not unrelated.
Some guys here are either fools or parasites or both.
That said, their share price has halved since the consolidation. RMM has halved since theirs too, with a mine, though also could be said to be a troubled company in various ways.
Wres is falling but on casual glance at the RNS messages, wasn't it also because there was a production RNS at the same time as the placing saying their mine was closed etc?
What a bullsht. The companies that consolidate do it to place shares. What a causal connection, stupid argument. Capital increase only if it is necessary!
It’s a certainty there will be further placements after consolidation…. You guys are turkeys voting for Christmas.