Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Don't get me wrong, everyone wants this drill to be a success but the truth is there were 4 wildcat drills in 2018/2019 and all failed to find oil. The share price went from 8p+ down to 2p during this period and it was only the success of Heron-1 which finally kept MATD alive and got the share price back to 6p, from where it then drifted back down anyway.
The silly thing is that MATD knew there was oil in Block XX all along but they were always chasing after the bigger prize of hundreds of millions of barrels of oil elsewhere in Mongolia.
I am quite confident that they will get the Land Permit but it will take quite a while longer yet. In the meantime, Velociraptor will either give a large rise if it is a success or a big fall if it fails to find oil. Toss a coin - take your pick.
Yes Master i agree ref PC, and alsoi believe local MP's with the governor and the Activist have been the problem, but as you say i think they are all now being overidden and will be dealt with accordingly if there are any other issues, hence why as you said previously PM have not been mentioned by the activists this year.
Anyway that should be behind us now and IMO we will get the LP before the V1 results - ATB
Doz. IMO the villain in all this is PC and some corrupt local politicians.
They only raised an issue when Heron was being drilled which is the same reservoir as PC s .
Pc knew that block 20 PSC will come to an end and they will take it over. They probably threw some money at locals to keep this dragging until the time lapses and then PC will takeover.
Its too late now to ponder over the whole situation . We are not far off this LP from the government.
WE WILL all hopefully make some great profit
Master82, i agree he hasn't handled the locals properly, but from another source he has also been held back by corruption, hence why the LP has gone back to Central Government and new legislation if anyone tries to stop the law being enacted they will be imprisoned. I don't think he is totally to blame. As i said previously i believe the change in the PSC's will now bring the locals onside
Doz i keep saying MB is not the right man for PM. You need to be active businessman to make money not a sloth that just goes along when the Mongols take you on a ride.
We are in this position because of his stupid decision not to get permit from local government and then taking the governor to court.
Any one with a small knowledge would tell you paperwork must be signed by local council before doing any work.
Same old...
Iamrich:
RE: local meeting 2 Apr 2023 23:26
...the LP will come either this coming week or next, all is done, the fact they have gone to measure up the land being allocated means it's agreed simple you don't do thi unless you are awarding the land access,
LP 100% in April
Expect multibags, buy or lose out like this Muppet
Investor33 i have been thinking exactly the same ref people on here working for or alongside the MM's. Would make sense to me.
On another thought for everyone, ref Mike Buck. As much as i moan about his lack of communication and the sh*te worded PNS's he puts out, just look at his past history. When he says he is excited about Velociraptor, well he has overseen the discovery of over a billion barrels of oil in his other jobs. Tim Bushell who is also on the board has over seen the discovery of over 600 million barrels of oil. Okay this doesn't ensure V1 will be a hit, but it does give you confidence that these people know what the bloody hell they are doing and looking at. That's is MY thoughts anyway. Take what you want from it
At least get things correct. Red Deer was not in central Mongolia and Snow Leopard is the reason why V1 is being drilled due to its oil shows. MB believes there is a good chance this oil has migrated and been trapped by the Raptor geology.
This is going up from next week onwards..
LP news won't be far off . Two more weeks and we should see the LP.
Cabinet meetings are taking place at least 2/3 times a month.
Ramper rich ramping again.
"Buy and hold for the LP atleast 200% rise here of not more"
Is that a guarantee rich, maybe we can all sue you if it doesnt happen
@iamrich
I do wonder sometimes if some of the derampers on here are working for a mm. Of course mms also trade their own accounts, as well as trying to accumulate the shares on their books to ' make a market ' at as low a price as possible.
This has been a brilliant share to trade for several years now. And psychologically an extremely difficult one to hold for LTHs.
Thanks Bad Profit. I have now sent an email direct to the Ministry of Urban Development asking if they could kindly set out a time table for when the documentation will be submitted to Cabinet. I may receive a reply, time will tell.
ART: PC's blocks have many producing wells
ART, your comment that al previous drills have "come up dry" is incorrect. In fact ALL previous drills found oil shows, gas or both. That proves the presence of oil or gas, but not in commercial quantities in those cases. that is completely different than a duster. Please post accurately or don't bother at all.
Buy and hold for the LP atleast 200% rise here of not more
Beware of the usual derampers here anyone negative towards a stock is not invested or is trying to get your shares cheaper it's as simple as that people, use your heads
Follow company news
Loads of posts on what will happen if no LP and no velociraptor
Can we also talk about what will happen on LP and velociraptor strikes, could this be 30/40/50p plus? How comes no one is talking about what the aim of the company is and the plans and possible share price?
Instead some people want to talk about possible doom lol, fine by me but also consider the other side atleast
//desperate post by anonymous BB poster//
Like WOS? LOL
I predict about 1.5p if Velociraptor is a fail - and looking back at the previous drills in central Mongolia - Wild Horse, Red Deer and Snow Leopard - this is a very strong possibility. The only oil that has ever been discovered in Mongolia is in the Block XX area. All of the multi-million barrel drills in the other parts have come up dry. What is different this time?
WOS - don’t read into anything re the US OTC listing. It can be highly volatile and move significantly from day to day on barely any volume. Yesterday saw approximately just £1000 total traded!
Don't waste your time Pilsbury - it's just another of WOS's blind alleys.
Mr ART (in capital letters)
References direct from Govt source material tell you much more then desperate post by anonymous BB poster sir ;)
Be happy :)
Hi WOS
I got into the website and went into translation. Struggled to find the actual document as I got lost in menu navigation. Going from the menu on left hand side what is the pathway (route) to click on to get to the document. Thanks for your help
There is now some really desperate posting here as is reflected by ludicrous subject headings and the nonsense use of capitals, etc.
As far as I can see this is very easy now.
The Velociraptor drill is only to 1500 metres and will be finished in 30 days max, so less than 4 weeks to go.
There is not a hope in hell of the Land Permit being issued before the Velociraptor drill result but it doesn't matter a tot. If the Velociraptor drill hits oil then the share price will rise hugely, probably by a lot more even than when the land permit is issued.
However, with numerous failed drills behind them, the expected Velociraptor result will be no oil, in which case the share price will probably fall to about 1p/2p and this will be an excellent opportunity to buy in cheap before the land permit is issued.
Only fools will be lured in by this stupid ramping. It is time to just sit back and wait for the Velociraptor drill results. Either result - oil discovery or no oil - is going to give a win, win situation.
It doesn't take much to make mm's scramble for these shares.. a little rally can soon spike sharply northwards.