Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Pushing 3.5 for just 200k now, its gonna move soon. Like you say goldenbadger. Brent has come riding to the rescue. Every day HUR is stronger.
DS The Bonds are covered if'
We carry on producing at 10k +
Brent stays +$60
The risk is we cannot predict the above for 12 Months .
Why would Hurricane wish to go 'cap in hand' to Bond Holders and jump to their Tune when they have the option not to ?
Also waiting to pay $230m back in 2022 when you can settle possibly at $160m and move on in 2022 and be self-financing . Why?
PMO were caught by ARCM and Debt , this cost Shareholders including myself Plenty .
Brent price has saved Hurricane if they take the right path .
CPR due this month!
Bondholders are covered with POO. Game has changed. CA knows it, PIs know it. Board and once salivating Bondholders know it.
Any info on How much Debt Kerogen are Holding ?
Kerogen are a Key player in all these issues and not positive for Shareholders IMO .
The issue that you address about the board sweating the assets is very valid and a sensible strategy. What really irks everyone is that the Board has not stated what their bloody strategy is!!! In truth, if this were it, and they had development plans beyond that, people could take a view on the corporate strategy and buy or sell. What is so desperately bad, is the Board cannot articulate a strategy at all, so it looks like they are at the whim of (1)POO (2) BOndholders (3) Reserves update. Thefact that that they seemed to want to destroy the investment case has not made their situation any easier
As I advised yesterday - the PR/financial advisers will have told the board don't respond - correct advice. They would only have to respond if the EV article had triggered a big rise/fall in sp, then the Exchange would be on their case; it didn't, so the board sits tight. CA know this, but are just warming up. They are either in process of sending or already sent a letter to the Chairman outlining concerns & saying if thee aren't adequately addressed, they will go for an EGM. I would fully expect that if they don't get the response they want, they will leak the contents in full; d'Ancona et al will have to decide whether to pre-empt this move by putting out a rebuttal themselves. Watch out for an increase in newsflow. Big question in my mind is why CA doesnt buy the bonds themselves at below par.....mebbe they have....
The bod have been so lazy to suddenly respond to ca opinion quite frankly they do not have the capability for a quick response so they are sitting there looking stupid. It’s obvious a strong reply is needed now but maybe by next week they can find someone to write it for them.
Bit surprised we have not had any RNS yet following the damning half-year assessment from CA. I am just wondering whether this indicates whether when a RNS eventually lands (hopefully soon) this will be be more geared to the long game or short which seem to be suggestions from the BB (kind acknowledgements to Diver69, dflynch, RNSTranslator and so on). So for example is there an expectation for a knee-jerk reaction with CEO/Chairman resignations, Director purchases to address ignominy of only £60k holding. Or whether the BoD will continue to work on a longer-term game of sweating the single well at Lancaster and with the higher Brent Oil price pay off the CBs next year. It seems that with the delay to sidetrack / water inject Lancaster to next year that the risk of dilution here is decreasing or at least delayed with the BoD trying to work a distressed sell in the interim post CPR issuance. As a newbie I am just bit surprised whether the sp is and the continued radio silence.