Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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the world is upside down every where you go things are slower shops pubs every where all will end well if you can keep buying more shares at the end the day you can only die once (enjoy the ride ) up and down
sandison out lol
What I have learnt over the years of holding, selling and holding qfi again is that if I got worried over every price move I would be in an early grave. I have seen qfi go up hugely....on no news. I have seen it drop loads....on no news. It will go up and down sometimes for absolutely no reason. No conspiracy, no backroom plot, it just happens. Acceptance of this has made my life much much more pleasant.
I would have to agree with your statement lightjaw if it was just today as it is carnage everywhere. But this has been happening the last few sessions. Instead of accusing people of " flapping " read my post again. I just say it how it is, i am invested heavily in all 3 companies I mentioned.
All ftse indexes are down. Also dow. So rather than people flapping I would suggest they take a look at the bigger market picture.
Nearly everything i own is down today. Looks to me to be general sentiment and fear of more covid problems. I don't see this as unique to qfi.
It doesn't take a genius to work out something has gone wrong. TOM tanking, QFI dropped last few days, and PQE in Canada going through the floor in last few sessions ( currently down 21% today and 17% last Friday). I was told a week or so ago that everything was going great, you don't think they lied do you...?
If you listen to the investor meet company recording, they state that:
- They expect to gain entry to the site in October in order to run the pilot. This may change if the covid situation worsens.
- They have pretty much finished the desk work for the P2 trials, with some final details needed that requires on-site presence (see first point).
- Assuming the above, the hope would be that P2 could get underway Q4 sometime.
So, nobody is on-site right now.
So what are the odds that Morrocco is being worked on now?
The advice on a number of other boards is not to click on the link.
Parry 400 you have repeated this garb all iver LSE BB
Archie, I'm sure there will be no shortage of financing offers, and I would not write off some of QFIs quite deep pocketed current partners as potential suitors if Valkor/ Greenfield don't come up with their own options.
Blackwash
It’s interesting to note that the Saudis have been buying into the Canadian Oil in sands operations in Alberta so there would be a continuation of a theme if they got involved in the financing of Utah
Sorry my previous comment was only in response to blackwash and KSA. I don't expect Dussur to fund any projects outside KSA.
Hughjampton/Tim, as you probably know, Greenfield would raise the money on the basis of the independent engineers' report, FEED, economic study, and market study -- all of which will be finalised post-POC. That's some way off yet.
Steve Byle/Valkor is a very wealthy individual in his own right, but such large projects are typically financed via a combination of sources: banks, equity, investment funds, pension funds, bonds, etc. Owing to their partners they have access to both US and UK capital markets, debt providers, merchant financiers, etc.
The independent reports will aim to provide confidence for those large stakeholders to get involved. We shall see.
Dussur was mentioned in the open offer. It's a potential source of very significant funding for the JV, should that kick off (in-kingdom manufacture of chemicals, MMUs, etc).
Reserve base lending is where PQE can get financing from . they need about 90 million to get the project up and running based on 30 consecutive days of production.
They have 88 million barrels in reserve so for them it should be a doddle.
Or if I was al Khafrah I would hedge my bets and discretely arrange a funding option with an equity element included, backed by Saudi money. That way they win both ways by profiting on KSA MSAR roll-out and on any Utah oil sand boom based on the Greenfield proprietary licensed technology.
Sorry, posted instead of pasting lol.
It is possible discussions are already being discreetly held with Freepoint Commodities re financing options. It is apparently what they do! It is plastered all over the first page of their website-
Structured Debt and Equity Solutions
We arrange structured financings across the capital structure. Our counterparties, with whom we have long-standing relationships, recognize our ability to quickly analyze risks associated with physical commodity assets —and propose optimal debt and equity solutions.
Principal Finance
We provide principal finance that allows counterparties to develop and expand resource projects —or refinance.
We take pride in formulating structured financings —which can be joined with our Merchant Trading customized structured solutions —to optimize our counterparties’ positions. It’s yet another way we can serve our counterparties by leveraging our many years of expertise in the physical commodity business.
We have an existing MoU with our partner Freepoint.
Since the publication of their last RNS, and that of Petroteq, both of their shares have taken a dive..
I can't think of anything, other than the projected building costs, that would cause this drop.
$185 million is a large sum of money. Where's it going to come from. The QFI bit is peanuts in comparison.