Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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This is old news and was announced on 30th June in the Irish Times as follows:
Larry Goodman increases Providence stake to 16.1% as key oil project remains in limbo
Irish oil and gas explorer awaiting go-ahead from Minister to develop its Barryroe prospect off the coast of Cork.
Beef magnate Larry Goodman has become the largest shareholder in Providence Resources, the Irish oil and gas explorer, after almost doubling his stake to 16.1 per cent in less than a week.
You can be sure Larry, like Menton et al. are waiting on the Rockhopper arbitration case.
Only another 12 days until the Rockhopper arbitration decision unless the board decide to extend by up to 60 days but I can't see any reason why they would need to. But who knows? At least we will have some indication by the 24th of August, the 120 day limit.
The board of arbitration have already decided that Rockhopper are due compensation but it now depends on "how much".
"Under the ICSID Arbitration Rules, the Tribunal has 120 days after closing to issue its Award, extendable by 60 days (Rule 46). The Company will update the market in due course."
The 120 days started on the 25th April and if Rockhopper gets any compensation over its $40m costs you just watch Barryroe fly as Ryan and his "two monkeys" on his organ grinder run for cover. Barryroe is already $200m under the Irish oil exploration rules so even that would be nice.
Anybody able to cut and paste the Phoenix article please?
Article in the Phoenix Magazine about Larry Goodman taking a stake in Providence. Sorry to say I have no access to the article.
Has Larry Goodman got his timing right
THE MUSICAL chairs continue at Providence Resources, with the latest face popping up being beef baron Larry Goodman, who now holds a 16.1% stake. His most recent buy-in was the 8.2% stake held by big UK investment group M&G, which clearly got tired of the procession of drilling and funding failures. It sold out the... Read more »