Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So we've been told good news by the end of the week - over 2p then?
Atb,
Northern
NorthernMagic i'm just going to stick with this now as news will be in abundance from this point that is guaranteed.
I must admit I feel pretty much the same comeonvog I keep thinking now might be the time to make an extra investment. The thing that is holding me back is the lack of progress. Unfortunately all the time with this company the good news just seems to be round the corner. So, the question for me is will Paraguay and Atome provide the necessary uplift that I am hoping it will deserve.
In terms of timing though I'm very interested what the interims show later this week which will hopefully give some indication of future prospects.
Atb,
Northern
i have watched it again but still have as many questions as answers . Hopeful they keep the rig after the first 3 wells and continue drilling next year seeing as Paraguay will be a free carry. If they get 250-300 bopd on the first well i don't see why not , hell we might even get more. This has to be worth a punt at anything under 2.2p now all the bad news is out the way and we drill for oil over the next 3/6 months and these are not wild cat prospects ( or are they). Time for positive vibes .
I took the stone comment to mean that President share holders will get a special dividend in place of Atome shares. I can’t understand the point behind Atome, I suspect it’s a bit of a swindle to be perfectly honest. I’m sure the Levine s will come out with a large chunk of ownership and President shareholders will get paid off with their own money. If not why not run it as part of President?
Thanks Seawolf,
Much appreciated.
Atb,
Northern
I think they are still working it out themselves as there is a complicated tax issue. It seems like they want to make it a kind of special dividend from PPC which equates to a number of shares in Atome. I get a feeling that PL will also give an option to purchase additional shares in an attempt to raise some more funds. Going forward the companies will obviously be separate entities. We will know by year end, that’s for certain.
thanks Seawolf. Do you have any understanding on the in spicie distribution and how it works?
Atb,
Northern
Glad you got it , it can also be viewed on the investor meet website.
Presentation on YouTube last night. I've just had a look on the web to try to understand the phrase and implications of the phrase PL used - in spicie. As far as I understand it is some sort of financial distribution. So, if you own a certain number of President shares is it that you get paid a 'dividend ' in the form of a certain number of equivalent Atome shares - so I don't have to pay anything, or when Atome floats will it just entitle me to a number of Atome shares and I will have to pay for them? Any info 're this would be much appreciated.
Atb,
Northern