Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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burningdown1side, you feeling alright? What an onslaught of childish chunder, you still can't read the 5 year chart and seem to post to yourself on the same thread?
Deep breath bro.
0p
Neil, your a strange one, so many negatives yet you claim to be invested here, why ?
Morning Neil, the whole stockmarket is based on Jam tomorrow and the Jam looks more like a Jam factory based on the asset size.
The fact is its a smaller capital investment than the current deal but with flow rates that are multiples and will probably be sold for multiples of the current $40 Million for 50%. The Zubair corporation clearly love the asset, tells you all you need to know.
All the best.
They are going to need both licences Babel, the extension licence followed by the 25 year development licence to get it into production and the 25 year licence was applied for in September 2017!
Maybe they will both come together or maybe they will wait for the CH-1 drill first?
Good Morning.
20 years, where did you get those numbers from Neil H?
Almost half the 20Kboepd can be supplied from the Ruvuma gas asset at a cost of as little as $30 to $40 million with a ROI of only 2 to 3 years.
All the best.
This large board are obviously there for a purpose, projections like we have witnessed can't be achieved without the necessary infrastructure.
Yep,until we see it delivered steve! The Bod's target of 20,000 boepd within 5 years, no one else's.
Ruvuma is still the current prize here for me, pending one of the two licences they are waiting on the Tanz Gov. of course.
We have a large board now and they are currently earning their crust for no productivity/income. Sounds familiar? That is the train I was referring too. That pot of gold can only last so long before a new cash call.
It seems to me we are stuck in the sidings until as you say the deal is done and full steam ahead.
Of course if the deal is not done there will be no income. Our board are not working for nothing.
We probably have one of the most experienced boards on aim. I hope that their strategy works out but until I see it in writing my opinion stands.
Nice ramp to be un-ramped later Normal.
Choo Choo said the driver to the stoker, but where is the stoker, or maybe it should be who?
Poor analogy steve, gravy train is NOT stuck in the sidings.......full steam ahead.......choo choo! ;O)
It’s not so much the three month suspension that concerns me although to be able to buy and sell again would be good.
The part that annoys me is the almost total lack of newsflow. I thought the old days with Neil were bad enough but he did give us more updates even if some of them were not worth the paper they were written on. I want this deal to go ahead but the longer it goes on without any news it makes me think the delay is much more serious than just a couple of million pounds. There was lots of talking and they were lining up to get in front of the camera on last October. Nothing since.
For all of our sakes let’s hope the delay is short lived and the company can move ahead at speed.
At the moment we are stuck in the sidings. We all know what happens to old trains over time. Let’s hope it doesn’t happen to solo.