Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Moleinahole spot onni feel a buy out coming in 2022
mole - being properly valued would be nice for a change! All agreed, and today we had good volume again with a preponderance of Buys- surely time to lift the Bid even on trading evidence?
They will hedge production next year - that will be interesting to price! They will use income to pay down the bond which is where alot of the debt is in addition to LOG (we still have some cash left over - the rig is now funded for next years plan so no need for any more raises we hope) and then they can decide if the freecash is used to fund future phase and/or acquisition. I think they will continue to be conservative and want plenty of cash to keep options open.
I think they might be tempted to buy back some or all the LOG shares at some point rather than a direct dividend but there is no need to do that other than if they want them off the market for a predator. The more cash the more likely a take out becomes so 2022 will be interesting to see what they do.
Either way - I think we all agree unless something unexpected happens that stops production or massively reduces reserves we will see a cash generation machine in action next year. With IOG you never expect some of the left field events.
Hopefully see the rig going back out again soon. With base planning cases at much lower gas forward prices - it looks good just need to get the last tasks done. Based on past it will be interesting to see how the SP starts to move and what we get valued at as a producer.
I've long been of the view we should be @45p on first gas. And a rise beyond that has to be on the cards once we get visibility of actual flows/revenue and progress on future fields.
Thanks Scored. Let's say $3m divided by 2 = $1.5m/day for IOG which is circa £1m Sterling for just Blythe & Elgood(?)
Circa £350m/annum income......divided by 520m shares is a gross income of 65p/share/annum which pretty exciting but would be interested to know the costs accrued on the balance sheet to get IOG to first gas, and costs of getting product to terminal....
HI chivers 1 imo between the 2 , However MID 2022 We should have much bigger production coming on . Still great as costs are 5/10 boe
Hi Scored, is the $3.4m a day estimate for just IOG's 50% or does that include the Cal E 50% too? Or have I got my facts wrong??
Hi upside thanks for that . Good luck all Reading today in Bloomberg gas is equivalent to 190 dollars a barrel of oil so happy times very soon . Production will be approx 103 mmscfd or slightly less 18000 bopd approx so if so that’s over 3.4 million dollars a day ? Correct me if I’m wrong I knew it was over 2.5 million but Bloomberg said it’s approx 190 a barrel
Starts tomorrow