Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Goes to whoever buys the company.
If the shareholders accepted an offer of £20 a share. What then happens to the RRE cash pile?
Exactly that NEW, we are as much prey as we are predator in this climate I feel.
The point I made about pmo wasn’t suggesting I would be happy with £20, I wouldn’t be devastated either as we all should be back in substantial profit at that but it doesn’t represent true value. I was just questioning if anyone can think of any reasons why PMO wouldn’t try have a pop at these figures?
I think what Rookie is conveying is that everyone's at risk of being involved in NSCS consolidation atm, no one is exempt, wanted or not.
See previous posts in the last week regarding why we have been below par - all the information is there
To add I think the surety bonds done by AA was an incredibly timed move with this whole situation. As I understand it, it maintains unrestricted cash in a time when I think DSA’s could have forced us to restrict more cash at low oils prices? That to me does suggest a deal is on the way and I really hope it is and the new deal will hopefully take away the stigma of decoms and give us a true value rerate this time.
And trust me this is by far my biggest holding and I think RRE is stupidly undervalued but I just can’t get my head around why we are even below £20 never mind near £10.
I’m sorry maverick but I don’t see offers flying in? We are obviously missing something? No one has been more optimistic than me But £250m is as high as we have seen with oil at $65 with no offers so forgive me for not being as optimistic in these conditions.
Kilgeever what are you talking about? I’m not saying they have that amount of debt I’m saying they have tax loss’s to carry forward and take advantage of?
Rookie - “£250m would do it” - you’re having a laugh !!!
How can £250m do it, when we have over that in cash and free cash flow?
Pmo have huge, manageable debt, repayments agreed, high fcf....etc
But they don't have 3 billions debt.
Nor 2.5 billions.
Nor 2 billions.
We must all avoid inaccuracies I feel.
I’ve been shot down for this before but why don’t Pmo go for us? I hold both so would be over the moon with it but I feel RockRose would be the icing on the cake to transforming pmo along with sheerwater, taking full adavantage of tax credits and rapid pay down in debt over the next 4-5 years. And I feel £250m would no doubt do it in these times. Arran to come online and tie back to sheerwater hub Also? I don’t see how Pmo would have any trouble with creditors buying us cash equivalents or am I being naive?
"In addition to offloading some lower-performing employees..." lol
So long as they don't come as part of the 'fixtures and fittings' with sale of the NS assets.
Exxon oil to slash jobs.
Here’s my favourite bit ......
Exxon has not been immune to the drastic effects of the coronavirus pandemic and the oil price war that has destroyed demand for crude oil and eaten into profit margins for that reduced demand, and it has attempted to tighten its belt in response.
In Q1, Exxon swung to a $640 million loss—its first loss in a decade after a $2.9 billion market-related charge. It also cut 2020 capex by a staggering $10 billion—a 30% cut. It has also cut its production from the Liza field in Guyana, although that was related to the risk of excessive flaring and not the coronavirus or prices.
In addition to offloading some lower-performing employees, the oil giant is preparing to rid itself of its UK North Sea assets, for which it can no longer expect as much money thanks to the downturn.
Ffs. Come on AA. If you can’t get these for peanuts now then you might aswell buy PMO and take on 3billion debt.