Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sold half friday and half today.. so out again with 15% profit. If it drops again will buy more back again.
If we get news this week my bad. But agree with masters comments...dyor
"So yes, Different week, same sh.1t! But mainly with reference to posts on this board."
That is exactly what I was referring to!
"Different week, same sh.1t!"
I know week after week but eventually the Mongolian Government signed of the Special Purpose Land documentation, just like they and Mr Buck were saying.
But it took a little patience.
Same again I think but more likely a shorter time frame.
I'd like to think DQE and Petro Matad have pre-agreed the plans for Heron Field Development and funding options but have not released these previously due to uncertainty with permitting and access rights.
I'm pleased to say that those uncertainties have considerably reduced since the last RNS but there are still some loose ends to tidy up.
I'd imagine that when that's been done we'll get an RNS and it'll be full steam ahead with Renewable plans outlined not long thereafter?
So yes, Different week, same sh.1t! But mainly with reference to posts on this board.
It's happening, it always has been. It will happen, hopefully soon and probably this year, but if not I'm happy to wait until 2024. Rich this year or rich next year (with potentially a little dilution or more likely a soft loan from Petrovis as before).
Petro Matad an undiscovered AIM Gem waiting to shine.
Master - agree. Didn’t a previous RNS way back say the contract with DQE was with the DQE head office for review, or something similar?
“Good chance of news this week imo.”
Different week, same sh.1t!
If the next rns doesn't have all contracts signed then its most likely a wasted year..
Mb has been going on about DQE talks for very long time but no proof of contracts being signed. Its been on advance stage since last year.
For PM to succeed we need someone more active and confident .
End of July and we are still waiting for this EL to be completed. Becoming a joke now.
Yes totally agree surf. Some positive news is likely soon. I think MB is waiting to get all bits and pieces tidy before he reveals where its heading.
GlA
Good chance of news this week imo.
//I have enough because I have been accumulating.//
WOS - if you really believe all you spout you would never have "enough". You would sell your house, car, wife & children to buy more with every confidence that you could buy better ones when PM pays off!
WO, Please just stop already!
Sources / Intel
- Plan is to develop Block XX IN PARALLEL as Heron. Mr Mike Buck mention this in interview.
- Renewable news is strategy for long term development but NEAR TERM NEWS for project / revenue ( 20th June RNS)
- DQE partnership announcement is part of Heron development.
Happy days 😊💰
Hmm, went a bit soon that one.
In essence it's the 'not yet known' bit of the sentences that are why the shares are 4p a shot.
Remove those, in an instant, by an RNS/Operations update and we re-rate there and then with subsequent rises over time as the Heron Field and Renewables are developed.
This is the bottom with the very real prospect of near term news and share price escalation++.
For me:
1)Heron field development happening, exact time frame not yet known.
Renewables the longer term future, exact plans not yet known.
Header very clear
- Heron Development
- Block XX near field in parallel
- Toson Uul Basin (2 Billion Proven & in place / 3 Bn estimate Petro Matad part)
- DQE Partnership
- New Block
- Renewable "near term / revenue generation"
- IOM Partnership (this one ???)
Leak? Maybe / maybe not because so oversold anyway & MULTIPLE NEWSFLOW due.
Buy or not. No one force you. Your money your investment.
I have enough because I have been accumulating. Good luck to try to build up holding without BIG push in price ;)
Have good happy day :)
Thrush? It's actually a Great Tit. 🥴
I’d say Friday was the start and more buying will come in over next week as rumours or leaks or start
Personally I would like nothing better than matd to start spending our reserves of cash. It means activity which will mean we are moving forward. The more activity the better in my view.
Thrush on form again today 🙄
Maybe better if no one invest because we do not know anything for sure.
Be Happy 😊lol
Ibiza: “The question i want answered is whether there is a clause or an agreed understanding that we cannot sell on the Heron field should we so desire. This agreement or lack of it could add significantly to the SP.”
My gut feeling is that something like this could have been agreed to. MB really needs to do a Q&A with investors (the company owners and his boss!) because plenty is still very vague.
As for WOS and his comments that we have sufficient cash till well into 2024… yes, maybe, as thing CURRENTLY stand. But things change.
Admittedly it was before wise old WOS came along, but MB said explicitly that we had enough cash and was raise would not be required for the foreseeable future. A matter of weeks later and there’s a big fundraise, almost entirely for II’s! So things could easily change from here and a cash raise needed.
Sadly, while WOS might apparently be more well researched than us numpties, he doesn’t seem to have the experience. And they say there is no substitute for experience.
Correction to post 10:25
"the current cash balance is sufficient until AT LEAST JULY 2024" ;)
Maybe be cautious wait until all RNSs & NEWSFLOW then buy.
Do not really think poster who say "cation required" will wait this long. I think they will be in straight tomorrow LOL
Do research yourself & make own decision from this :)
I answer few QS for people who are not well research.
EL & Land Access never just "formality". Look at RNSs. New process for EL and landva cess have to bypass 2017 law local authority control.
Now we have clear up this point.
Next if you have issue with cash position yo can look at RNS 20th June 2023 "the current cash balance is sufficient until AT LEAST 2024"
There is no 100% guarantee in market for anything like this BUT company is well funded NOW. You believe this or you believ what BB poster say but who have give no real reason why he does contradict RNS.
Thus is your investment so your choice.
The question i want answered is whether there is a clause or an agreed understanding that we cannot sell on the Heron field should we so desire. This agreement or lack of it could add significantly to the SP.
Basically assuming the total field comes as i think i have read about 2.2bn barrels an average price per barrel of say $1 gives us a SP of approx £1.50 per share and this multiplies up on a linear basis.
However i think part of this was answered in the RNS at the end or around the end of May regarding bonus shares to staff being issued at the end of year 1 2 and 3 respectively inorder to keep staff incentivised. I cannot see MB doing this for staff and then effectively selling everything on before the staff get a benefit. So i suppose i have answered my own question there is a clause or implied understanding that we do not sell on the field or at least until refinery comes into place after that it may change. Mind you i could be wrong.
Formalities hmm, it was also formality for Licence too wasn't it? It was too formality for LP too? But look how long they took? And even the LP we still haven't really got it yet!