Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good for Malcy filled a few column inches with that appraisal on Hurricane, basically saying I have not got a clue as to what is going on either.
GLA.
"as suggested by 1) Stu and 2) Richard B from CA and 3) Divecentre"
Yes, MGW wrote the Kerogen note. I wish he hadn't been so cozy and understanding with Dr T otherwise wouldn't have invested quite as much here...
bransonbull
You ought to credit the source of that article MGW.
and regarding the bonds
"as suggested by 1) Stu and 2) Richard B from CA"
I was suggesting this months ago but nobody was interested. look at my posting history.
Hurricane Energy
Hurricane announced yesterday that Alan Parsley, NED had resigned from the board of the company. Dr Parsley was Kerogen Capital’s shareholder director pursuant to the relationship deed signed in 2016. Mr Leonard Tao has also resigned as an alternate director to Dr Parsley.
As Kerogen Capital currently own c.16% of Hurricane stock the market was obviously somewhat concerned about this development but I think it is quite easy to interpolate the reason for the resignation.
On the 11th September 2020 the CEO designate of Hurricane, Antony Maris said this “We will be engaging with all our key stakeholders regarding our forward work programme and financing arrangements and updating the market on these efforts in due course.”
Now, with the company ‘engaging with all key stakeholders’, it would be inevitable that firstly Kerogen could be potentially a taker of any issue the company might have, especially as the debt conundrum is not that far away but that secondly they will be almost certain to be in a ‘closed period’ for much of that time and thus unable to deal in the shares.
This move by Kerogen in my view gives them the opportunity to keep open all their options and could participate in any ‘financing arrangements’ or should they wish to, sell all or part of their stake. Other thoughts turn to the fact that as a number of their investments are currently locked up, the chance to release this one by say an orchestrated sale of the company might just suit Kerogen…