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.
Its all about risk and reward and how you view things. Considering what they have achieved and what they have I think 50m equity value is too low... There is a lot on the table here. Oil keeps going higher and higher... Which is golden and the shares have hardly moved. The problem is well understood but they are throwing off cash now.... Its basically all to play for... at 3p that balance is to the long side for me, these could easily quickly double from here.
Agree. I think we agree that directors should hold shares as a sign of confidence and credibility in the job they are doing. HUR’s BoD should all be sacked, as any new team couldn’t do worse. Directors should be paid and rewarded on merit, and nothing else.
This lot, as Terry Thomas used to say, are an ... ‘absolute shower!’
It doesn't matter where he got them from. It's an incentive to maximise shareholder value.
BeermMunkey - Lets get this straight. Trice got his shares fort FREE as a start up founder.
When the CEO is a major shareholder you have some sort of comfort knowing if they hurt you they'll be hurting themselves. At least Trice had skin in the game. Maris sees shareholder equity as free money.
That's the reason I never invested anything substantial in PMO, and look they've destroyed shareholders at the behest of the bondholders.
ENQ share offerings are kept small because Amjad owns so much of the company. They represent the best opportunity of the North Sea oilers at the moment.
Not sure if the troll comment is aimed at me. Have a look at my post history of being invested here if you like. Sometimes it's best to get out with what little you've got left, than be left with next to nothing. Good luck.
Its utterly shambolic, and now I'm afraid Maris seems to have been tainted with the board's utter incompetence as well
The HUR Board needed to tell people in the RNS that the sidetrack isn't going to happen this year. Thats the message really - no more, and that underlying it the bondholders are not supportive at the moment - oil price rise is still too recent for them to be supportive, so BOD can do no more than sit and wait, and work out if complexity from the side track can be removed or more options become available if the POO is sustained. They are correct to say that things are outside their control, POO, water cut, bondholders etc but right now the higher POO is giving them some confidence to sit it out. Keep watching the POO and offloads.
I am of the same mind, quite happy to buy in once finance is known. The repeated reference to bond holder discussions....not only to refinance the current bond but also to provide additional funding is a huge red flag to me. It’s also somewhat disappointing that after months of analysis they are not confident a sidetrack now would be a success...
It's horrible watching the Hurricane share price slide like this. I originally invested years ago and was delighted to have got in at 10p before it started rocketing to the 50s and 60s. Never would've believed you if you told me it'd be 2p.
I read the RNS and it was this statement that worried me the most in the appendix:
'1. Further information on the stakeholder engagement process, including as to risk of dilution and POTENTIALLY LIMITED OR NO VALUE TO EXISTING SHAREHOLDERS, is contained in the Company's announcements of 18 December 2020 and 14 January 2021.'
I added the caps, but christ!
I genuinely believe there's a bright future for HUR but I'm going to wait until this blows over first before jumping back in.