Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If you work through the figures, you will see that they are slightly over $190k revenue for May. Not received but on its way. Terms can be 30 to 90 days. If I remember rightly, income from gas can be 90 days. So although they have sales, the revenue is only just starting now. They are probably on track for getting paid on April sales about now.
The operations income of course will come in on a monthly basis subject to normal invoicing.
I make it that they should be $200k to $220k for June.
If the management is now bedded down, we could do with them picking up some more operational contracts. Another $25k/$50k pm from operations would be helpful.
The last bit about the geologist, " re-entry, new drill and farm-out data" reads well. If we can get a few new drills funded via th US PI market that would be great, we would also pick up the operator income and fees.
I think we are looking pretty good. I would prefer WTI at $70 but that premium for the Austin oil is a god-send.
PS
DYOR
Well what more can one say - it’s a decent slightly overdue update. It’s not quite the production and progress we had hoped due to weather issues beyond their control, but they’ve clearly got their act together the company is well on course and now in profit. So great by definition - we are now a top 5% of Aim company on course for many other achievements over an above maybe 400 / to 500 bopd in the near future - only my opinion of course !
Yeh spot on now it’s look like most issues been sorted time to up the game. Share price won’t just rise by chance, need to be proactive
Agree there Ben. A podcast to start would help.
hopefully the start of consistency, now need to address sentiment issues and look into investor relations and some solid promotional work. Still aren’t using social media.... Missing opportunities
Run by clowns
"During the month of May 2019, the field produced 67 barrels of oil and, 8,481 MCF of gas (net to Mayan), being 49 Boepd to Mayan. Through the same period, the Company sold 166 barrels of oil at an average US$60.22 per barrel"
FWF might well become a huge contributor to profitability here I.e. what will it produce when the good weather arrives..
Attis Attaboy !!!
On another note when does Mayan formally become Attis ?
if have the impression that we are going to receive monthly operational updates for as long as relevant of course. I assume quarterly updates as well giving more insight into financials of the company and more forward looking operational plans, i.e. for the following 3-6 months.
A very encouraging RNS - the pathway to a turnaround is quite clear and with the suggestion of another ops update maybe early July?
A couple of important bits:
The progress is not a one off, it is part of a process and will continue.
They have a forward plan: those farm ins into the US PI market will make us some serious money.
Fingers crossed!
Encouraging RNS. Not sure its a SP mover but who knows.
This fooking website is annoying.
Have a great weekend :-))
*day
we want continued solid progress and we just got that with more to come in June. A couple of these RNSs and credibility will quickly return. Who knows, one more people than Helpful will like CW -:)
Excellent news,. with added revenue. Now looks like they have got their act together..
Solid progress despite the weather.
Transformational June - so this month. Very good.
Nice update with further increase in production due in June! GL.
before next operational update, guess anytime now : )
I'll take a rerate !!!
Goldie at it again. Next week update would be nice.
Operationally running at profit would be a rerate RNS
Stuy ...totally agree.....
Might be wrong but I think their accounts are due to be published soon and I would guess with them a production update ...next week?
I set some achievable targets for Mayan last month on what is important for shareholders and that is the share price. £$£$.. I know the company are more interested in the strength of the company, collecting finance through placings etc., but the company have got to realise this is a two way deal here. Company & Shareholders. Shareholders have had a raw deal here for years and that’s got to change. Mayan should be into the .20’s by now, so already a month behind. Nevertheless, I will put that down to ‘the weather’ again.. So .20’s June, .30’s July,.etc.. Defo more than achievable, given what news is due and the current position of the company... Also oil and gas seem to have stabilised at a good level. The company just need to start delivering, then the SP should naturally rerate.. albeit a bit slow..
‘£50k’
You’re too right there. Young people today get totally battered financially. Impossible to get on the property ladder without bankmummy&daddy. Sad. £50 graduate salary sounds a lot but it’s actually not.
Your right he did get shot, terry wogan sang about it.... the eighties....were the wonder years.... for those not born then you could have a night out for twenty quid and still have a tenner left the next day....
Aim was called the junior market... news was delivered via the ft the day after it wad announced but just like today no one ever made any money out it...so somethings never change im unhappy to say.
Imo
Didn't JR get shot. Hmm maybe his wife sobering up was worse.
Nevermind the weather i live in Newcastle 12 degrees up here today in June ffs.