Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Another take on the brokers note is that as the current sp prediction of £1.35 is based on the NPV of each of the assets at 10% discount rate, Is THEN my deduction is that the overall asset value or overall NPV should therefore increase for every year that passes by 10% apart from any derisking due to added knowledge!
Imho
Rev,
Yes it’s not clear why there are so many different values of NPV per barrel!
I think it is that they have taken the time value into account, that is the likely program and when production/ cash is realised and then discounted it back to today, to get a current value. These values will increase as time passes and become closer to say $ 30/ bbl as each asset goes into production. So yes, if you wait 3-5 years and not only assets are derisked but also NPV improves as closer to cash generation for each asset!?
Imho
If successful, WC will probably have the same effect on SP as the very successful LC. Something to look forward to.....
“nothing new is expected for 6 months” ?
What, not even the result of drilling on WC, for example.
Nothing new is expected for 6 months. I am worried that for this time all the SP is going to do is drift. Comments please?. This is not a deramp but tell me why One should hold.?
Reverandy,
"Responses from bears of greater brain than me requested."
Response coming through pale fawn fluff at an absurd time of day.
I simple do not know what to make of these 'brokers' valuations', whether they be based upon NAV 2C or whatever to be so much pie-in-the-sky. Because a broker makes money on both the buy and the sell, so whatever?
The SP seems to be comfortably settled around the upper 40p right now, and that's just the way it is. Maybe a 'takeover price' might be above a quid, but who's going to do that?
You mention 2022. Yes, maybe. But for an old man like me, two years can be a long (or equally a very short) time.
So while we're in the doldrums, I just hold.
But your question raises another related one. 'Brokers' valuations' in general, especially related to AIM-listed stocks.
Amongst the assorted posters here, how many of you have seen your 'punts' achieve a 'broker's evaluation' or exceed it? Or also, how many of you have seen them to be wild exagerations?
Honest answers only, please.
OK so I'm not an oil worker or a financial Whizz so I've probably got this completely wrong, but I was looking at the Hannam & P report and noticed that not only do they have a risked NAV of 135p but the unrisked NAV is £4.85.
Then I noticed that this unrisked NAV has Lanc, GWA, Halifax & Whirlwind 2C values at around $5/boe it has the 2P of EPS 10yr extension & the GWA tie back at around $15/boe and the current production from the EPS at around $30/boe.
If the FFD plan submissions for GWA and Lanc in 2021/22 turn their 2C into 2P the unrisked NAV heads up to around £10/share. And when we get to first oil in around 2025 that goes up to £15/share.
Does this mean that there is a possibility that sometime around 2022/25 we could be edging that way (so long as we haven't already had an OI event before then) I recognise that unrisked NAV does not take into account the CoS%, but if the CoS is around 50% that would still mean a share price in 2022 of around £5 or am I being completely stupid?
Responses from bears of greater brain than me requested.
Rev.