Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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No Wodewick its the man with yellow trousers lol sorry Red
Is that you Dave?
Muvver, so you got your timing wrong. That does not mean one or more of those contract will not come good in the next few months and the SP do exactly the opposite.
Wow
I paid 45p in 2013, for QFI. Since 2013 I have topped up @ 21p, 12p 4.5p. All on potential new contracts and forthcoming good news, MAERSK, KSA, Morocco, etc. Non of which has materialised. The only reason I am posting this message is for the vulnerable punters, not to believe all you read on these boards. 25 years investing on the AIM market has taught me to believe that there are a lot of Triggers out there. I could have been a millionaire Del Boy!!
The market is imperfect. And for low volume stocks, stunningly so.
It did rise; from 1.2 to over 3p in a matter of days! (this time round). Some people will have made some very nice profit, some will have taken longer term positions and some will have been caught in the spike and now sitting on a loss. That’s how it the cycle works. Timing is key. ‘Supported’ rises are what is needed here and that’ll come (in spades) if the burner trial is successful In Morocco. I think we’ll hover here with a fairly tight spread until we hear from there. Anyone else think the same or differently?
Not that I’m unoptimistic, but if it were a “no-brainer”, the price would be rising already.
Agreed, it is reasonable to do it like that as all parties want success and are looking at the bigger picture which is the full commercial licence for the 10,000 bopd plant.
'of up to', which I believe means QFI's costs will be paid as they are incurred up to that limit, rather than an upfront payment. So it's a budget limit more than anything.
Honestly, $150k seems a reasonable cost for all the work, equipment, etc, that needs doing. For example, QRF profiling, chemicals, research MMU, shipping, design engineering, process engineering, etcetera.
"Quadrise has confirmed that it has agreed in principle with Valkor to the deployment of MSAR(R) trial equipment for the commercial trial at the POSP for a price of up to US$150,000, which has been taken into account in Greenfield's budget for the proposed work programme."
I doubt they have yet. I would guess it would be some upfront and then in instalments.
From my understanding they have the licence to the area where the oil is. Happy to be proved wrong. If they didn’t have that they would not be in the game
They've paid $150k already? You sure?
Greenfield (Tomco and Valkor JV) have paid $150k to QFI to rent the MSAR equipment for the 500 bopd trial in Utah starting in approx 3 months time.
If successful they will then apply to QFI for a full commercial licence to use MSAR on a 10,000 bopd plant. I beleive the licence can be used on numerous plants but only in Utah. There are billions of barrels of oil in the oil sands and multiple plants are planned if the trial is a success, which all parties expect it to be. The commercial licence will be based on quantities of oil produced and will be ongoing income for QFI.
It is a no brainer from here.
Jump on the back of Tomco then it’s a win win
whatabout me do I benifit
As far as I'm aware QFI & VALKOR have an MOU in place to possibly obtain the MSAR license. No confirmation on this yet but can only guess its just a matter of time now. Everyone benefits in the end. QFI, VALKOR, TOMCO and the jv company, GREENFIELD.
Who has which licenses? When?
They have the licences
Read the rns from Tomco. They are heading for at least one 10,000 bopd plant using quadrise tech. I believe once this is proven they are going for multiple projects in Utah which will bring enormous income to qfi. Valkor are the big boys behind Tomco.
I thought it was their party and that they need our technology, hence our possible invite.
Can someone tell me what Tomco are bringing to the party? Why them, rather than anyone else?
Millions of their shares seem to be changing hands.