Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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No reference to work on the PF3 pad which impressed Malcy during his visit.
Maybe it was a mirage.
Invstrat, wrt the following “ - these tickets will be held in treasury collecting divis ,”
Those shares are not allowed to collect dividends and according to the company are not collecting them.
The email I referred to recently has specifically asked the company to explain where that money has gone - it’s circa $900k.
As of early this morning there has been no response.
Pareto disclosures went down like a lead zeppelin then.
Is JF still obeying orders from the MNR gestapo ?
From memory, the original schedule to hit 55 then 75 etc has in fact been well blown.
The market's bigtime investors know full well that the share buyback is a sham - these tickets will be held in treasury collecting divis , then distributed among the internal team as sales bonuses.
So does that mean that we will be sold soon ?
What do we need to do to get back to the heady days of TK optimism and exponential share growth ?
More good updates yet the sp still slides....share buy back duesnt appear to be doing anything to help and is covering most of the trading.
It cant be payment related as genl had bridged the 30p gap again so what the hell is gonna move us up ?
I don’t think he does enthusiasm.
JF said he'd turn GKP into a boring oil Co, he didn't say he'd be throwing big oil bonuses around fort doing a very ordinary job , anyone remember what he'll get if GKP is sold for double digit billions?
All valid points , but perhaps a better question is . " OK he is holding back but why ? and on whose instructions ?
Then again we may get the full story in the Presentation ?
Huge BUY SIGNAL, ill be adding as and when I can, especially at these super bargain prices,
GLA LTH JF is also happy to be adding , just need MNR to get payments back in line with expectations
Spot on. I think a strongly worded letter to the Chairman is required. GKP is flying but JF is not selling it. He should be switched to be Ops guy and and dynamic CEO put in place.
Pareto’s not enough though is it?
We had a great investment success story to tell on Tuesday.
With circa. $200m invested during 2019 we're really starting to reap the production rewards.
Predicted volumes for 2020 are anywhere from 30% - 45% UP on 2019 actuals.
And with 40k bopd now in the bag we’re already outperforming last year by over 20%.
55k is still on track for Q3 and that’s just another staging post to 75k and beyond.
In short, by the end of 2020 we’ll be nearly twice the production beast that we are now, generating a cash pile so much bigger than our self funding growth plans require.
And there’s so much more coming down the track.
Yet GKP’s opening statement summarising the contents of their operational and corporate update the other day said only that:-
‘2019 gross production met; development activity continues.’
This was followed by a series of bland factual bullet points with no contextual assessment whatsoever.
We read all about the December road crash and its impact on LTI free days, but nothing about cost savings generated by the commissioning of the export sales pipeline.
In his commentary, the best JF could come up with by way of support was that GKP had:-
‘benefited from the increased operational tempo.’ and
‘we are pleased to confirm today that we have achieved our original 2019 gross production guidance’.
I don’t think he does enthusiasm.
Which is all very well, but if he can’t enthuse about GKP’s major production step changes and continued capex investments as they occur, then who can?
Who’s pushing our investment case?
At this exciting stage in our progress we’ve a right to know more, and more frequently, than a quarterly ops update allows. It’s simply not enough to catalogue and summarise progress once every three or four months. GKP field development is much more dynamic than that right now.
GKP 80 percent WI - Nice (Page 3).
40600 BOPD Nov 2019 (Page 4).
41000 BOPD Dec 2019 (Page 4).
PF1 export by pipeline (Page 4).
PF2 multiple pumps picture (Page 7).
PF1 export pipeline (Page 7).
Commitment to pay annual dividend of at least US$25M per year (Page 10).
Complete remaining US$15M of buybacks to achieve total US$50M (Page 10).
Superb News!
AND No mention of any issues with Gas