Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hey barnyards, no one believes Gozziesky's backstory flannel about inheritance anyway. It's just pulled off the shelf in the the St Petersburg troll farm. A few others on here as well.
(Vlad's Soviets don't like FI oil, Western energy self sufficiency, you know.)
Who stood on a snake?
Just don't get it? All this farmyard effluence, where's it all coming from?
I had to laugh at this lsetown
''make sure that any more money you spend here Gozzie you are prepared to lose''
I don't know what you meant by any 'more' money because according to the nutcase himself it was an inheritance legacy so strictly speaking he hasn't put a single cent of his weekly pocket money in here
the bad news is we've probably got at least another 5 months and thousands more green boxes before this lock down is over and our special needs schools are all back in operation
in the meantime sharons says
justfilterthenutcase
simples :)
lol. I have up and down days on this share too and also have a lot invested here - but please make sure that any more money you spend here Gozzie you are prepared to lose!
It's a nice position to be in when you know and accept the possible downside to zero.
(Significant upside is still here IMHO).
Lol, I reckon he could buy us out with his pocket change. Mind you, I guess he's down a few bob at the moment like the rest of us!
Seriously though, he's got an eye for investing in unloved stocks that come good so interesting that he might be looking at the oil sector. Must see some value in it's future.
Not sure he'd be interested in PMO's debt, but RKH on the other hand are debt free.... :)
Would love to know his view on the Falkland Islands!!
Thanks Frank, interesting............ if they do, that would be good for PMO, they might be after the BP assets PMO were planning to buy! Of course it's important to bear in mind BP are selling them off as not core anymore, but still make money and have a decent future of revenues, all the big investment to get online is done.
LTT
We live in hope gozzie
All this bleeding hemorrhaging taking place, don't suppose BOD have considered their own pay cuts, freezing freebie shares? Silly billy me
Great post LTT
Berkshire Hathaway supposedly showing interest in North Sea Assets
Hi Mike,
hope your well and keeping safe. I don't see PMO going bust, yes they have 1.9B in debt, but they have 35/40% production hedged at $64 till June/July and put out a statement some time ago they can weather the year at $35 a barrel. So I suppose the question is, do you think oil will stay $20 and below for the next 9 months?
The way I look at it is, if oil stays around $20 and this virus is keeping us indoor in August, I think we will have far more to worry about than if our PMO shares are ok and if RKH will receive the SL license back!
The WHOLE of the shale industry without support would collapse long before then; how many other producers would be in dire straights too if this came to pass, at which point who would care to buy PMO assets in a fire sale? If oil is on the floor, would it be sensible for our loans to be called in and not extended so they could bankrupt the company and take on assets producing at a loss and try an sell them to recoupe their 1.9B debt from a company who's market cap is currently around $140m !?!?!?!?!?!?! It is all insane at the minute so why would someone make knee jerk reactions at this most unusual of times? PMO are managing to keep everything running and still make a profit to pay down debt, after July this will be more difficult for sure, but selling off assets to pay off debt not due to mature till 2021 (May I think) would be short sighted if not quite stupid!
As it stands the oil industry isn't just hurting or bleeding it is haemorrhaging, OPEC and Russia are the tourniquet, even a small gesture of a cut in a sense of good will would bring oil back to $30+; generate millions more revenue whilst still not assisting shale to recover.
So, sorry to ramble but again to my mind, PMO will not go under, it's not even in it's debtors interest to have them fold. If Trump steps in to support shale, there is no reason UK Gov will not help producers in the UK. We forget in all this stupidity and talking down of oil, the oil industry and the rise of Solar and Wind and electric cars. Despite what any stock market valuation may say, Oil is the life blood of every economy it is traded like it is any other commodity, but without it, we cannot have anything else at this moment in time. It is of strategic importance, its been the reason for many a war, it's not something well will allow to fail like the car industry and other manufacturing in the UK and go, "Well it's cheaper to just buy it from SA or Russia in the future, lets close the North Sea!", because if down the line Russia or SA don't like something, or want something, what position do we have to argue. Russia supplies Europe with gas, they could turn on and off the taps any time they like!.
LTT
I SEE that the other week very funny
Looks like Sam on the right and Nig on the left , rock on
Thanks Gozzie , you just knocked 2 percent off the share price with that link
Serious question - apart from holding the licence, do Rkh themselves do anything else e.g. planning, drilling etc. or is it all down to PMO ( & Navitas ) ?
As far as I can remember if PMO go bust (which I don’t think they will) we get the licenses back but the obviously we’d need another farm in partner.
Talk over on the PMO BB whether PMO will survive these low oil prices?
What are your thoughts?
If PMO goes under what about RKH prospects? Will/can RKH survive without PMO for a few years until another 'sugar daddy' turns up?
Is it more likely PMO gets bought out and asset strippped? What happens to RKH licences??
Serious questions... anybody??
GLA,
Mike.