Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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now then ... if RRE would just oblige and re-balance that :)
TXP % even
I guess our YXP % just went up fellas :)
15% TXP and 5%AOR
Spawny100 - I wish I’d been 80 % in here before marathon deal !!
Is your other 20% in our mutual TXP ?
GLA
*Pro-rata of the current 1700p
$200m ebitda / 20k boepd x 25k boepd +$30m tariff = over 2,000p just on a pro-data next year (notwithstanding we should be at over 5,000p on a modest p/e)
30% of your portfolio? Have you no faith in RRE? Only joking. I'm in a lot heavier here - approx 80%. Yes I know many will criticise that but my reasoning is that the investment is pretty much as safe as it can get given my shares are likely more than backed up by unrestricted cash in the bank. And given the potential for further acquisition the money I have here could bag overnight at any point. It seems about as safe as 'gambling' gets - to me anyway. I shift money to other shares for shorter trades but always pile any free funds back in here.
I think a very modest value of £25 per share is what it should be presently. Should Spirit be purchased I think you could double that at least.
I think when Rre hits 1800 it’s a good bet that the seller(s) has/have reached his/their new holding levels imo dyor bwtfdik gla
Lexion ... good luck with your investment , I guess you were one if the lucky ones but one can argue they offer tips in good faith ... I think lol but it’s just been soo difficult in the last 2-3 years to make good money with consistent stock picks. I feel 2020 could really be mega for RRE , I just hope AA doesn’t go all out or decide to punch above his weight because many before have tried to go big and usually it fails in the long term. Still hope he can nab the 30% of spirit energy adding 39,000 bopd and then it’s safe to say the sp would be triple the current price. Hope we are steady on Monday , if it falls then I might have to start adding more to the portfolio.
There are def a few exceptions Munch - bought Tristel on a Midas Tip a few years back and was one of my best investments ever 70 p to £3.00 in 18 months
Sold out now
RRE with an average buy price of £7.50 could/ will do better !!
All ducks lined up and 30% of my portfolio GLA
Sorry —- NOT GAINED!!! On tips given. Loool
To be fair I would rather the IC did not mention what we already know. Usually they are the kiss of death and many of you on here will hopefully understand where I’m coming from. IC and Midas are non starters and have gained on 90% of tips given. However the safety here is we are below cash so it’s good to go. I don’t trust media tips or these private web traders who think they are specialists. I do expect that if AA buys for lest than £400-500m next year then a special dividend will almost certainly be on the cards. Anything near £1b and it will be normal divi with hopefully a 10-20% increase. Only stick I have in my portfolio and the only one I will keep throughout 2020
From John Rosier's Private Investors Diary Portfolio section in today's IC magazine -
"I was able to have a complete break from the markets and, more importantly, the general election. The only trade was to add to RockRose Energy (RRE) on 28 November at 1,731p. At the end of July, just after RockRose Energy came back from suspension, the share price was 1,950p, and it was 9.0 per cent of the JIC Portfolio. The share price had fallen 12 per cent, including it going ex-dividend 60p, or around 3 per cent of the share price. Due to the drop in the share price, the holding had fallen to 7.9 per cent of the portfolio. Since the end of July, the company has steadily added to its cash pile. Unrestricted cash, ie cash that does not have to be put aside for future decommissioning costs, is now estimated at around 1,950p a share, or 114 per cent of the current share price.
"I expect it to do further deals. There were reports in November that it had bid $1.2bn for Siccar Point’s North Sea assets. Given there were bids up to $2bn, it is unlikely to win, but it does demonstrate the scale of ambition. There are plenty of other deals to be done, and I’m sure before long there will be an announcement. In the unlikely event that another value-enhancing deal evades it, there is likely to be further substantial dividend payments to shareholders. If it only pays this year’s 85p to shareholders again next year, that is a 5.0 per cent dividend yield; not bad while one waits.
"There is also the prospect of news from its existing assets. For instance, it is currently drilling two infill wells on West Brae, which hopefully will lead to increased production and/or field life extension.
"In short, I think the current share price, standing at a discount to cash on the balance sheet, represents tremendous value. I rate it as low-risk/high-return and have increased the position to 9.1 per cent of the JIC Portfolio."