Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Also RNS in coming few day on New Oil Block and clue in today RNS.
Negotiations with MRPAM for new Oli block in phase 1 continue. Round 1 submission date over and "Discussions on the PSC, Proposed work program and fiscal terms COMPLETED"
This mean if all negotiation on DETAILS completed then ready for announcement shortly.
This look like before 2-3 week timeframe for SPUD.
As we move on from today's announcement this is now set to gain momentum and will be moving up slowly but surely.
The RNS was going to put this off course as some have suggested but as everyone can see that hasn't been the case.
The news going forward can only be positive and now the MG is aware of what is expected to get the wheels in motion as the details are already discussed.
I'm not an oilman but someone said that Heron was like dipping a straw into Petrochina's oilfield. IF they are connected & PC's reserves are dwindling maybe there isn't as much oil to be got from Heron as estimated.
Doc , i say this as kindly as i can. Something is not quite right with wos.
The volume he posts
I wonder if china take over the operation and kick matd out....
Without production from Heron (this year!) there will have to be more cash from somewhere & a lot depends on an early & viable strike at Veloc. So it's looking like a 5/1 gamble at present. Could go either way from here.
China are bribing the developing world to expand their belt and road initiative and the development of military bases plus attempting to grab the majority of the South China sea to exploit its vast resources. The CCP is an extremely toxic entity and Petro China is a state owned organisation. China will stop at nothing to grab external resources from Fish to Oil to minerals.
It does suit Petro China to delay Heron and the only question is how bribable are the Mongolians.
WOS/Magnus_49 - no humility from you either? You’ve been wrong all the way along so far.
If there was a chance LP would arrive within the next few weeks, why bother releasing an RNS? And don’t say it was for Velociraptor because they could have released an RNS for that the day before or even during spudding taking place.
A1-Investor
Remember you say you will not let your shares go for less then £1
Be happy & believe in your research :)
Wos most people have you filtered nowadays.
Spud around 3 week in "excellent oil source rocks & proven working Petroleum system basin"
- LP in few weeks because all Ministrieses already have give feedback before so will be same.
Like someone say which zministry take over something which they think will fail.
All know BUYING will come back & into Velocirapror SPUD/RESULTS
Easy money for one who think with BRAIN and not EMOTION.
Happy I pick up 200k more share this morning :)
Don't know where it states 5 years until completion and up n running?
Zellman enjoy the one day, knew you wasn't invested and the joy you must be getting to see the people while sold and lost out only for the share price to go back up again in the next few weeks
Nothing has changed here just people like you scare mk gearing
Don't respond to me as I won't even bother reading you pathetic childish posts
Looks like they will stall on LP until there refinery is up and running, which is probably in 5 years time. The excuses are comical though. But at least this shows other companies to be aware how this country behaves .
Some big sells in the last hour :>(......
Come on you rampers now is the time to buy up all those cheap MATD shares and get the price moving up!!!!!
Great!!!! Holders of MATD have some NEWS ..However it is not quite the News we were all hoping for ...Well its just another step (be it backwards) in the long history of MATD ...Long Term Holders will be accustom to this sort of NEWS but what of the Newbies they will have to get use to it or bail out...Great Times ahead hopefully LOL ..
Just bought in today expecting another RNS providing a positive update on the first week of June
:-)
Caught between a rock and a hard place. More worried about not hitting oil & LP comes after the drill.
The fact that another minister has insisted he submit this to cabinet I think can be looked upon as a positive for it being given the go ahead.
As I mentioned before it gets around the conflict of interests point if MRPAM are part of a joint venture company.
Also if you need to cling onto anything think about this.
When have you ever known any politician to insist on taking over the reigns of a cause destined for failure when someone else had already proposed it?
Well here's the pre-Raptor spud base share price.
Up into spud and up, up and away if there's oil.
If no oil then it's just waiting on the Heron permiting whenever that may be.
All there for the patient if they want it.
Hey iamrich any poor garbage predictions for today.
I am pretty sure you said lp this week. Yawn, rampers already back it I see.
Going blue today, 7p again, rapid bounce. Lol
You can see this clawing back already Iamrich. This is going to keep on climbing and may hit around 5.5 later around an hour before close. After that there migh be a correction factor as the day traders move in but it wont go below 5. Thats my take on the days proceedings. I'd rather it takes time to move up slowly.
Back above 5p now
Half the people once they calm down on their panic sell they will buy back anyways, always the case, I really do expect this to close at 5.5p today and slowly get back to 6.5p in a few weeks time,
Let the dust settle folks, nothing has changed but to me a good conformation on how long it took for the paper work to be completed and no one stopped the process which is a good sign, now I feel more people should be more confident that the LP is coming 100%
LP will be sorted in a few weeks time and also velociraptor will spud mid June some will realise the loss they made today when the share price is back up and maybe even 7p knowing that the LP paper work was complete in a knth so this time round either quicker or takes the same time
No I e is stopping the LP they will submit to the cabinet and the cabinet wants this down asap