Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A 10% rise just on the back of a broker article seems a bit fanciful to me but what do I know !?!?
"...on the back of what?"
I think the OGA plan has some influence too. It looks like a bit of 'whip-cracking' from the NSTA. Does anyone see anything in it more +ve or -ve for JOG?
Potential acquirers of our company get a fully compliant project which has put effort into going with the regulatory flow rather than complaining about change (or just leaving the UKCS). I think Neo and Serica must have seen JOG and the GBA as being the way forward without any legacy non-compliant clutter.
Milario - " This time yeaterday it was down at 1.45 and 24hrs later its back up at 1.61 on the back of what!?!? "
Its got to be Zeus blowing away some of the irrationality . Their measured discussion and thoughts about future EPL and and a Labour government would have been helpful.
Leaky leaky? Soon? A happier Easter I guess. Love to all. Keep well and keep posting Dick!
This time yeaterday it was down at 1.45 and 24hrs later its back up at 1.61 on the back of what!?!?
Bonkers.
Is moving UP the reason is another thing
Yesterday after the sharp move down, eventually finished slightly up and today it follow through
A further email, confirming status of project and the marked undervalue of the shares - it could help.
I would hope very much that they are realistic about what can be achieved, but when you look at the nonsense which happens all over AIM, I certainly would never put it out of mind that company leadership will string things out as long as possible (once they've accepted that capital gains cannot be achieved) in order to milk as much in salary and bonuses as possible. (Btw, that's not a specific accusation against JOG's leadership, rather a situation I've witnessed time and time and time again on AIM.)
Or very simply to secure jobs for themselves? But then it means they cannot lay their hands on their millions… honestly the only way is to sell. I hope there will be a buyer, or multiple buyers competing, for a good price for us. Most of all this time our ceo/board has accepted reality and won’t be too greedy. Surely shareholders have a say?
The point is Donkey that a company cannot raise RBL unless there’s a project post FID. At which point they have booked reserves.
If they (were daft enough to) go after , try to acquire , a share in a producing asset, they then might be able to secure RBL against the reserves, subject to “ hoop-jumping” certification by
an expert etc. So, and perhaps I misunderstood you question, if they announce an RBL financed asset acquisition, this might perhaps be interpreted as a failure of being able to get GBA into production or sell the company.
I've never claimed to be a long term holder so I haven't been as badly effected as many.
I've always jumped if I thought the trend was down and bought back in if I thought the trend was up.
With my recent purchase I'm now down around 9% on my current holdings (up by several grand overall) so it looks like I bought a falling knife at the wrong moment but I'm very hopeful of a decent return now.
Einbert, wouldn't RBL basically be to admit that they can't sell the company and therefore want to spend money to do something different (since there is no need for any raises before production)?
I am assuming that Nicholas Robinson is continuing to reduce... Slightly bizarre..
DYOR
Borrow to buy some producing assets to further crash the share price? Bloody hope not. The only way is sale.
In my opinion, they don’t need a reserves assessment: this has effectively been provided by the farming. Restating (upwards) would not, at present, impact the share price; no value is priced in at all- see Dick’s expert post below. (Nice to hear from you sir RIchard).
Reserves based lending might be possible only when they have and FDP post FID. But, and it’s a big but, they don’t need debt to get to first oil.
Disagree with you Buchanan 101 about the current Tory Party - the political beliefs of at least 1/3 of Tory MPs are to the left of Tony Blair and Gordon Brown. At least 2/3 of current Tory MPs would happily serve under Blair or Gordon Brown.
The number of Tory MPs that hold what might be called ' traditional Tory political convictions' is low, maybe 15% of them. The idea the Party is turning right is for the birds - Tory voters know that and are deserting.
The idea the Tory Party
It was mentioned in the past that a reserves assessment was going to be done. I wonder if this is still happening or would boost the SP. Does it allow lending?
Your not on your own, its been a pretty painful 12 months for us LTH at Serica. JOG becoming interesting.
We must be due some news to spike the share price again.
Almost 4 months of steady decline so if past events are anything to go by this must be an excellent opportunity to top up again.
I couldn't help myself and bought a few more at 149.
Marks the anniversary (day before Good Friday) of the 50% F/O to NEO. We thought we had arrived, the 600p/700p targets landed. We pushed on and Serica took another 30% the 600p/700p targets were reiterated. What an awful year for LTH's as we watch on with the shares languishing below 150.
Interesting activity elsewhere in NS
Exclusivity Agreement for a potential transformational combination with Eni S.p.A.'s UK Business
Ithaca Energy, a leading independent oil and gas operator in the UK North Sea, today announces that it has entered into an exclusivity agreement (the "Exclusivity Agreement") in relation to a potential transformational combination with substantially all of Eni S.p.A.'s ("Eni") UK upstream assets including the recently acquired Neptune Energy assets, excluding certain assets including Eni's CCUS and Irish sea assets (the "Potential Combination").
Hmm. The point was - if the Tory membership had 2m more sensible members, better leadership choices would be made. You get the democracy you deserve - no one gives a monkeys so we get monkeys
"Join the Tory party and have your say." Of all the things you've ever said that I disagreed with, Greener, this has to be one of the silliest - have your say? The last time the Tory membership at large "had their say" they rejected the current idiot squatting in 10 Downing Street and picked Unlucky Liz, who was practically whisked out of office before she'd even had her name hung on a shingle (and they blamed her for every problem Britain has ever had from the Black Death until her last day in office!) At least under her leadership and economic plans, Britain would've been aiming for private sector growth, but don't anyone tell Rabid Rachel that reducing the top rate of income tax actually brings more in for HM Treasury, we wouldn't want reality to get in the way of a virtue-signaling "eat the rich" campaign. I'm ashamed to say that I voted for the current party in government (never again, that's for sure.) I thoroughly reject the notion that "voting for Reform helps LIEbour"; even if it produces a socialist Qweir government, at least it will be more "honest" (cf the leftist, greeny socialists masquerading as the Conservative party.)
Join the Tory party and have your say. Lack of participation in grassroots is ruining things. 1970s Tory membership was 2m? Now 200k
Don’t know enough to comment on politics. But voting for reform is helping labour. That much I know. I don’t know what to do comes autumn.