Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Comments laughable, no one is selling here. Kevin added up to nearly 5% today and so did James. Zak and I still hold. Serious allegations being made, comments will be made. Get your facts straight.
On the next roast (Sunday)we should get a update on their dealings during the week.
Didn't Hornsby buy over 490m shares, nowhere near that volume in last few days, so where do you assume he sold them? I liked the interview and bought another 1m shares at 0.43p. Can't see where else they will get the finding for gas peakers without far greater dilution or cost. If this facility is voted down what next? A shell where the new owners award themselves a huge pile of shares diluting shareholders and may have a deal like some precious metals that may be in the ground in some god forsaken place? Done a lot of reading up on flexible energy and I like what i'm reading. Who knows when universities will be ready to concentrate on anything other than their own income especially from foreign students, i'm glad their moving forward and have the funding for it, rather than waiting for recovery in other sectors.
So the Mir gang have sold have they? And how do we know that? Even if they had you should all be doing your own research anyway.
If the roast members who plugged this to high heaven, have sold after all their positivity as to future prosperity.Then clearly there was no conviction,just plain and simple ramping it seems. Shame on them.
Wouldn't make such sense for Mir to be selling into any rise as his shares are only worth something above 0.65p.
So you have Kev from the Sunday roast buying 3% , Phil and Zak ramping this hard ...strange isn’t it , pattern emerging from all the stocks they talk about ...keep ramping them hard as they are selling out
Lifestyle directors?
Great analysis I have to say. In simple terms best they could get or not , it’s awful. And just to correct Phil the swerve they have 50% of the £10mil. Lifestyle directors and company don’t say you weren’t warned
Do you mean the £200m (then stated as £330m) they had available to develop assets in 2018 and 2019? Only if this is still there then why do Arlington keep having to sell assets to pay off the small loans it has?
Sounds like a win win for the JV. Could DKE get into this market without a partner already working in it? And would you have a 50/50 partner who doesn't put up their share but only takes out 50%? With the specialist funders, I was referring to those HSKB may already know and used for the four projects Arlington have developed. I believe Gazzard is a director of Arlington and has been in this sector for a number of years.
That is the debt for future pipeline, the reason they have had to go to CLN is because HSKB cannot raise debt for other half of the initial project until they have some cash on the books, The JV allows them to cash in on DKE shareholders using the CLN, that cash is put down in JV and then HSKB will get funded the remaining money. For refinancing in the future and for any further projects in pipeline, they will need to have the projects built and offtakes going before anyone will use those assets to raise funds against.
They have always had specialist lenders they are going to, they said before AGM they had £100m's of long dated income investors ready to fund projects and then they came up with the CLN, talk and reality are different things. They will not get any decent debt for future projects until these are built and offtakes going, as I said well into next Spring. In the meantime they could use the other £3.5m of CLN, but what would be left for current shareholders after converting all of that?
They said they have a few specialist lenders they are approaching
The debt will be lined up before the project starts, alongside the equity which has been raised. They will not wait for the project to start before raising the debt.
So for 4 hours of demand how many batteries would you need to satisfy that demand?
cannyladdy,
It may be the cheapest for them as they don't hold many shares...
The point about battery storage is a little too simple, batteries are now much cheaper and have advantages in as much as they are able to take excess generation from good times and replace that back in the grid during the demand times, they are likely to be used far more, whereas gas peakers will be used less and also still are burning carbon to create energy, something the Govt's plans are to stop.
The simple thing with a battery not being able to supply energy for more than an hour (some can do far longer and surely it depends on the amount of energy needed?) is to have another bank of batteries to supply the second hour, remember the energy stored has been generated by excess energy from green means, gas peaking plants will have to generate the energy each time they are switched on using carbon fuels.
The cheap debt they will look to source will need to be put against built and working assets, they will take 9 months according to PG and a month for the EGM to get through the CLN vote beforehand, if they want to start any other projects before that, then they will use the last £3.5m of the ABO CLN.
The full interview is on V*X. I thought it was a very good interview. They talked about the fact that they looked at all avenues to raise the £6.5m and this was the cheapest by a good margin. Imagine how dilutive a placing in the market would have been and the amount of slippy hands that amount of shares would have been put into.
They will draw down £1.2m initially then £1.8m a few months later the rest of the facility is not needed for the first 2 sites. The way i took it was that any other sites could be funded through cheap debt once site values and earnings are taken into account. A deposit has to be paid to Rolls Royce for the gas peaker turbines so can only imagine it will come out of one of these draw downs. It was also stated that they need to show the industry that they have access to this kind of funding before they can proceed. Debt providers and EPC providers require to see full funding. The JV partner is organising the remaining £3.25m for the 2 sites through specialist lenders in this space.
Grid and utility scale returns and very good yields were mentioned as well as much cheaper and debt if needed for other sites in the pipeline.
8 to 12 month construction and testing timeline during this period they will apply for a 15 year contract with the national grid. 3 months before completion they will approach utility companies and ask for their terms to supply to, these are contract of around 10 years.
Thing that surprised me but on thought makes sense, was that there is a better yield for gas peakers are they are trusted more than batteries as they can run for as long as needed rather than the current up to 1 hour a battery can produce. This situation makes peakers more profitable.
Well worth a listen from around 11 mins in.
Not a subscriber but you can read first few lines on Share proph-ts home page.
Not gr8 on the face of it.
Anyone a subscriber and shed any light on the article?