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"Germany's government has voiced its reservations against the EU draft plan to qualify nuclear power as GREEN."
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German energy policy seems to be in a bit of a mess.....they closed their nuclear plants and seem intent on Nordstream2, which may make them more susceptible to Russian influence.
Perhaps nuclear wasn't so bad.....when did Germany last have a tsunami?
Germany's government has voiced its reservations against the EU draft plan to qualify nuclear power as GREEN.
That aside ...Germany backed down from threatening the European Commission with legal action as Austria did.
Nuclear power investments worldwide are on the increase as nations seek non-emitting ways of securing electricity BUT with all the RISK of power plant accidents, terrorist attacks and more!
According to Rystads Energy estimates investment in nuclear will rise to 45-46 Billion in 2022-2023 with 52 reactors currently under construction in 19 countries worldwide.
Europe remains the region with the most installed capacity, just under one-third global capacity while Asia steps up its game with 60% under construction.
gla
Apologies not "accounting" more like "amounting to the equivalent of" would do the trick!
Obviously markets will be impacted by the "brinkmanship" or war in the Ukraine. But I think yesterdays trading was more down to the expiry of $3,000,000,000,000 (3 x Trillion) of options in the US last Friday the 21st January. I think there was a figure of $812 billion of equities in that figure. The US National Debt is around $30 trillion - so options accounting for 10% of this!
A Tsunami for markets, because if the options are not settled because for example; say put options did not expire worthless, due to the share price having risen too much. There is a threat as extreme as market collapse on the radar! I hope you had a chart for this one Boyo, if not its worth thinking about for next time Triple-Witching occurs. For traders it is a golden opportunity.
Its not about me . i was saying the analysts were spot on for once. While the FED dithers + the Ukraine threat remains things are gonna remain choppy.
SE - I agree that Shell will not avoid the Dutch Court rulings, but I think BvB has neatly wrong-footed & then sidestepped the full impact that they thought they could have over a massive independent company. Also Shell will doubtless be involved in further court actions in the future. But, the sand has shifted if Shell plc appeals a decision from London rather than the Hague.
However, Shell plc is now domiciled outside the EU, the legal environment is different, the political/tax/regulatory scene has changed along with social accountability pressures. Also, what is close to a $150 billion company, arguably the 90th biggest company in the World, and the biggest company on the UK's LSE, has shown that it can quite easily and at short notice domicile in another country. In the main Shell plc has been welcomed to the UK, which must be a refreshing change.
In moving Shell has also indicated symbolically that if the courts hounds are not kept on a leash more often, they might change their geographical investment & closure strategy as well.. BvB has made an important agreement with the UK as part of changing domicile, & as you say Shell has a streamlined acquisitions environment. I think the latter will prove to be one of the most important parts of the jigsaw.
Good to see this going in the right direction again and clawing back some of the recent pullback!
To reiterate, Shell didn't relocate to the UK to avoid the court ruling. It still applies, until and unless the appeal is successful - and in any case the company's strategy has been adjusted to take account of it. FotE and others could still launch court cases in the UK. The move was primarily to simplify the share structure and reduce the number of approvals needed to proceed with acquisitions, changes of strategy, etc.
This is the position taken by BvB in all comms and interviews and (perhaps naively) I believe it.
My morale is fine thank you.
On the other hand, you do seem to have got out of bed on the wrong side on Friday morning!
Yes- I think it's only a matter of time MrG.
Weird market at the moment but Shell doing reasonably well compared to the rest of the market, I think
For those watching Brent live price on Investing.com: they seem to have switched to the next front month's contract already (Apr22 rather than Mar22) for their intraday charts which is about $1 lower than ICE is giving.
The SP and oil & gas prices are too disconnected. It's only a matter of time now until the SP corrects itself and +£20 should be an easy target.
Brent up 1% in Asia to $88.88 on outlook for stronger global demand partly due to less risk from Omicron in key economies
Thanks Char - we all know how good your record is of predicting Share Price.
It'll never make £15 was your latest.
Make it sensible or keep it to yourself please.
Boyo - ever the Welsh voice of sense and sound reasoning, you've even driven me towards being more interested in charts so many thanks for your posts. Is it from the Valleys or the Mountains?
You've done some smart trading & long may it continue. Yes, we have seen it all before, trading cycles will not disappear as readily as Gordon Brown's "end to boom and bust" speech indicated. I always enjoy a touch of Del Boy Syndrome when things are going well though - "This time next year Rodders we'll be millionaires." What he does not add is that its a good time to sell shares!
There has been a great rise up to Wednesday. I can't see this as the start of a massive correction though, unless the extermination of techs value spreads to bell-weather stocks like Shell. There's a lot of great news to come between now and the 3rd February, a very short timescale, surely they will have got their hedging right in the last Quarter. We don't want two disappointing Quarters in a row, against the OP & GP's of the last year. Institutions and PI's will want to be on board. If the Dividend only went up 4% it is not even keeping pace with inflation, so there is likely to be good news on this front. Especially if Shellemployee is right and BvB regards Shell as having borrowed cash from shareholders, with the Dividend cut, and now owing them
If it is good news on the 3rd February, for me even with the hiding and allocating of spare capital it will be a stunning results day, the pattern should be a firming of the price towards Ex-dividend day on the 17th February. I like £18 as a share price though as it is 11.11% away from hitting the magic £20. Go Shell plc!
Rusty - This must be Shell changing its name "at pace" - there is only a weekend difference, but in their timetable I'm sure it was down as happening on the 24th January. Goodbye RDS.
https://www.reuters.com/world/uk/shell-officially-drops-royal-dutch-name-2022-01-21/
Hi Getafgrip.... ' it does look like a natural pull-back, but maybe the shares had a touch of altitude sickness'
Yes! A touch of the usual trading cycle sickness? Ha!-we've seen it all before haven't we but it still seems to take people by surprise. Shares go up and down - that's never a surprise - it's whether their peaks and lows are going up or down that is important. Smart folks will have sensed a reversal on Wednesday and set a stop loss to offload a few or even taken a punt on selling a few on the day.
I'm about 50% of where I was (was overweight - now underweight) and will probably 'stick' if it reverses too sharply or pile back in if the opportunity arises. A £1 downward swing in RDS represents only 5.5% off £18 - not a killer for the LTH but a tidy potential cash gain over a couple of weeks. https://invst.ly/x6jxz
Thanks to trading, my average book cost for each remaining Shell share is down to a stupidly low level so, although I could exit completely and take the remaining cash now, the divi and prospective gains in 2022 do look very promising - especially as inflation is set to take a heavy toll on cash.
ATB
goldman upgrades to £27 50. villa to win the premiership. joe bugner to make a comeback + bet lynch to return to the rovers behind the bar. goldman sachs. i know who needs sacking.
b4 xmas + through early january at least 20 analysts on bloomberg + cnbc said their would be a 10% correction on usa stocks. well that has now occurred. all talked down a boom year + said stocks would struggle to make over 5% rise this year overall. most said its a stock pickers market. winners + losers quoted the others. most talked up bank , energy, industrials + healthcare with a few choice tech stocks. well many banks in usa reported really good updates yet fell. would you now risk catching the falling knife that is now shell share price. its a very unclear pictutre imo. if cv19 makes a reappaerance or putins reds march in, yes oil will rise , but SP will plummet. things can turn very quickly, but its a brave call to jump in now imo. results need to push up SP to boost our morale.
hi, thx for reply. its looking slightly less positive all of a sudden.
Clogs made from wood float so BvB can walk on water simples
BH - I was thinking that BvB and Shell walked on water to open up shop in the UK, now you are saying this was only made possible by a pair of clogs! Would you believe it!
Wooden shoes, wooden head, wouldn’t listen…. Well done Shell.