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.
Clearly a buzz about the place right now. Things will happen at pace by the sound of it. Last chance to get some in single digits? Glad I did and have.
Morning..
That sounds as if Wacky suspect sthe rock sampling has yielded very positive results
Were that to be correct, it might mean that PRD could source rolling project finance...bearing in mind the bootstrapping nature of what we have...spins out cash at huge rates
To get to afford the even bigger prizes that DO exist
Maybe the new directors have already pulled that out of the bag?
If so...it could deliver the cash we need but with minimal dilution to our field equity...my desire being to hold on to great things
This is only one possibility but it could be a runner...time will tell
Meanwhile. I think I have noticed something about Mag Mell...
I need to check it when the boys are not hassling for their walks...but I am hopeful my old memory does not let me down
IF I am correct...
All bets are off...and HOW
Regards
GRH
Evening all,
Just a quick one before bedtime.
If I was to look for finance from a JV or a finance house In pretty quick time, I would need proof that I had a commodity worth investing in.
So how could I prove to gain access to say £15 million to develop a CNG project that has never been done before in Morocco as well as drill a couple of virgin wells on the back of the results of one previously drilled well that returned good gas shows (MOU1) but which hasn’t been rigless tested yet ??
Mmmm tricky one.
I wonder how the rock sampling of MOU1 is coming along ??
E = per x por x charge
AIMHO of course.
Atb.
Wacky.
This just keeps on giving and getting better and better. Can’t wait for tomorrow. Looking after my bothers husky at the moment. She likes to wake me up around 5am. I’ll be wide awake and looking eagerly for news at 7-7:30am.
Indeed
Also friend of Adnan Samarrai
Funny old World
Regards
GRH
So the ex chief strategist for GKP is the new Chancellor…
I will keep this simple...
Re Morocco...
E = Per X Por X Charge
In this sector, it is THE sine qua non
All the rest is noise
All will become clear
Regards
GRH
It does look like Lonny has come out swinging. I don’t remember too many bods doing that prior to good news when a JV announcement is due.
Hopefully news at 0700
My suspicion is they have probably not reached a deal with those JV folks and have now decided to do offtake deals with local consumers of gas who would pay upfront for gas.
To me, saying that the NEDs have contributed a lot in a short time suggests that they have something cooking nicely. Wait for the RNS to confirm though....
I didn’t float the idea of going it alone. My opinion is, as a reply to the previous posts, it wouldn’t be as good news as some were saying, should the JV fall out of bed and PRD go to the market for finance.
With ideas like that Jonmo91, very soon the usual drift down would start. Wait for an RNS please.
If two entities a have done due diligence for a JV and PRD do a raise to go it alone, even if only for MOU4, PRD will be looking at another horror placing which PG has a history of doing.
People getting the spin out early that’s it’s a good thing if the JV doesn’t get done is telling.
If PG can’t get it away at half decent terms in the current climate then it was never happening.
. PRD - -No debt and no liabilities- - - Lonny . Limited raise to progress MOU4 as GRH would prefer ?? ?. Either doing it or threatening to do it strengthens our position I think.
I’m all for going alone, no problems there at all. From reading into things today I’d say I’m leaning towards no deal. Same thing happened with pantheon last year, deal broke down last minute. They had the sense and experience to run a back up equity raise incase it did break down. All I’m worried about is whether or not the oil and gas is there, it certainly seems is it. We’ll see soon I’m sure
Agreed, a large number of O&G deals are decided (partly at least) on Risk vs Reward.
Tick tock
MEM
Fordy today’s tweet from Lonny may well be another tightening of the screw in the negotiation :)). I think we’ll look back with amusement at the amount of money some were worrying about raising. You have to ask yourself why any partner wouldn’t want the opportunity. The modest outlay has a potentially extraordinary upside.
If that were the case, that would obviously mean more value for prd. Let’s say there is a deal on the table now, the deal after this drilling would be substantially more for the partner/buyer. If I were them I’d want the deal done now before any potential upside occurs. I know the deal would be based upon results to a certain extent, let’s just get this done. Fine line between getting the best deal for both parties. Perhaps I’m seeing it wrong. All very interesting and exciting.
If that money was to come via a placement prior to a JV wouldn’t the market take that as not being able to get the JV away and placed at a fairly low price?
If that was the plan wouldn’t they have financed it prior to initiating JV plans?
There are a number of ways to make valuable progress
It is no secret that I was a lone voice on here...
calling for Paul to drill MOU1 BEFORE doing a farm out...
thus maximising our retained % of valuable field equity
Many said I was potty to want that
I was delighted when they went down that route
Of course ...the July 2021 RNS was very widely misunderstood...
but there were very good reasons for the technical language in that RNS
As also for the follow on RNSs!
My present view is that I am ambivalent as to the way we now choose to go...
I actually have a preference for drilling MOU4 pronto...
but again PRIOR to farming out...
Yes it would need a bit more money
The reason being to do with maximising the value creation point on the Creaming Curve
Let's see how it plays out
Regards
GRH