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.
Decent entry! got an additional load just over 5p so pleased with that.
GLA
Should have waited, they’ll be cheaper :-)
Now wait a few months for fireworks
Stifffy Bristol.
10p and you can have all my shares....
Islandgirl - did you listen to the presentation? and read the RNS? looks like all the permitting processes (Italy and Spain) would be completed by year end. Either that or you can read it that Spain is to be sorted by year end which means Italy much sooner (as we knew the Spanish ones could take a little longer). if you looked at the presentations and information I posted below then the OPERATOR who imo is the key player here and who sorts it all out, are the ones saying that it would be Q1-Q3 this year for Italian permits. As recent as the 8th Feb.
So no, I don't believe the Italian permits will be that long at all. Let's see if Po Valley give any updates soon.
The news that Italian permits wont be hear till the year end is very disappointing and considering it was permit news that was meant to shift the price it looks like months of a static share price.
Doesn't even move on this great news. It does have one thinking what am I missing. Maybe something is wrong after all. People worried still that he'll raise for a new asset? Permits in Italy not going to be forthcoming? Any volume just gets sold into.
How many would be happy to be bought out at 10p?
Maybe it'll be double the market cap when it's sold
Strange thing to say really only 2x, if it stayed where it was with TTFs at 30 its on a prospective PE of 5 at the moment. If as he states 8 more wells equals c400% more yield then at a PE of 5 its worth/ your looking at 26-27p.
All your crowd think its worth Quadruple MK cap already!!!!
Mark also stated:
""We can grow company way beyond double the valuation of the company"
2nd July 2023: Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
---> Italy permits Q1 2024 (also in presentation https://prospex.energy/wp-content/uploads/2023/07/PXEN-Corporate-Presentation-Q3-2023_v11.pdf However here i am sure I saw a more recent presentation with Q1-Q2 timeline).
9th Feb 2024 Po Valley https://wcsecure.weblink.com.au/pdf/PVE/02771027.pdf
---> Slide states Q1-Q3 for permitting for drilling for Italy - UNCHANGED since Sept 23 presentation: https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf Q1-Q3
27th March 2024: https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
---> 8min55s "... and that cash is accumulating in order to fund the 3 wells that we want to drill in italy and the 5 wells that are going through the permitting process in Spain. These wells will increase the production several times over and they should be producing and I hope before the 18months as I said earlier. It does take time to get these permits in place and the permitting process is hopefully should be completed at least by year end if not a bit before."
Additional question is if all 3 Italian permits arrive on the same day or if this spread of time is to assess and confirm each permit as standalone (imo more likely and better for our drilling program).
GLA
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Mark said early 2024 for permits.Funnily enough from 9mins...timelines have kinda slipped if hes talking 6months later now
Yes, very good news!
For BOTH Spain AND Italy (as it was not specific and the use of the words 'permitting process' was only mentioned in the case of Spain specifically... Grammar wasn't so good or clear but i tak ethat to mean both sets of permitting because that was the semantic field, it wasn't split out to IT and ES.
Therefore IT likely much, much sooner as we otherwise have already been updated with RE most recent presentation.
Good news that Spain will be completed by year end!
"The permit process is hopefully going to be completed by at least the year end, if not a bit before"
09:00 onwards
https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
Aye surely that is the end game of all companies.Debt free and generating profit with increased revenues within sight.
Andin the meantime we now have zero debt, and decent profits building up the balance sheet.
It is nice to have at least one company in my portfolio that is making waaay more cash than it spends!!
GLA
The permits are in the hands of the Italians and no one else.They could easily drop any day as much as any week now
MR definitely said the Selva drills will be underway in Q4
Allegedly CA is going to publish his article in May so I conclude that this will be the start of the rerate with the news to follow. Also KB has hinted at this.
It's a guess - it was just 3 weeks ago Oilboy said May so no idea. I think the End Q2 is the upper limit as per the most recent presentation - but drilling also overlaps that period if I recall correctly. Basically anytime between now and then
How do you know that?
Yes but it's going to be end of Q2
Thing is theres no way of telling when the permit news will drop.It could take weeks or it could as easily drop tomorrow.Did MR not say Q1 in one of his interviews?