Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Daveyboy. Couldn't agree more about JP and there are two chances with two cuff links! I have known some scum but he is the worse type ~ but will one day reap what he has sown.
Yes I nearly met Kirk when he was at Powys Castle, Welshpool, near where I live now but we were unable to both be there on the same day. Yes think he was a bit nieve as perhaps we all were and wipped up in the histeria that JP selfishly created.
Gasbag
My Christmas guess is 8-9p.....
Hi Mr and Mrs Gasbag, yep 11 weeks in and getting sailing with sound cabin fever ;-) I've met Kirk Aka Crude, nice bloke, probably too.nice and was used by JP for his own means of pumping the share. I am just positive we can make money from these prices, 650 bcf of gip hasn't gone anywhere and Graham is going to get it too market, same plan as Luca 3 years ago. I'm topping up and have a price target of 20/40p in 2 years. Dyor and if you are reading JP, you're a unemployable Shi te bag and hope you choke on your cufflinks.
Daveyboy71
Long time no see - the last time was on the SS Titanic on the Thames .
I'm wondering if you have taken over from Crudehope as we see you a lot on here lately! Is lockdown getting to you?
May I say its a great improvement if you have! - K.B.O.
You ask a price for Christmas - Which Christmas are you thinking? If its 2020 say 0.05p and I wonder if that is high?
Still have half our original holding from 2012 here the balane I moved to EUA a while back (they are suspended) we hope for a good result to help make up some of the losses here.
As for J.P. .................Words fail me........................ its to be hoped that I never meet him!
Cheers Davey and keep up the good work - at least you know the business.
Gasbag and of course Mrs. Gasbag
I'm also (very cautiously) optimistic for the long run, and have topped up 3.5m shares in the last number of months. But I think it could be a five year wait. Consider that it's heading for four years since TE-8 planning began.
Agreed PS..not anytime soon, the debt situation I think can & will be resolved then its upwards from that point... with the SP at this level my view is if I was happy to pile in @ 40-50p (and the gas is still inplace) 1.5p seems a no brainer to heavily average down and at some point in the months ahead GL may say the debt has been restructured, LNG plant underway or JV talks started.....the SP will move sharply … that's why I've topped over 1m shares in the last month, happy to wait a year or two.
Anybody want to do SP predictions for Christmas ;-) I'm going with 12.5p
BB, we already had one abortive attempt at a JV. SOU's retained percentage was disappointingly low, reflecting its perilous cash/debt situation. It seems to me you have two possibilities: a slow burn in which SOU raises money to properly exploit the existing asset over time (i.e. the LNG route), or a faster route to monetisation but with smaller ultimate value (the JV route). In both cases I am counting only proven assets, although Graham seems to think the ultimate aim is more exploration drilling. In that case, a JV could get us there quicker. However, that would be rank speculation. As of now, the plan is LNG plus future pipeline funding. I think the value will be there eventually ... but not anytime soon.
PS... no mention of an asset sale or potential JV at one of our sights? plenty possibilities here just depends what GL opts for.. I think the debt will be restructured in the 2nd half of this year and that alone will be a massive weight off the company's shoulders and put us in a better position... I'm the eternal optimist.
SoundasaPound1: "can someone with their head screwed on please just try cheer me up a fraction and give a few other invetestors a glimmer of hope here by attempting to predict the share price of this at the point where Sound start actually prodcuing gas from the LNG project which will possibly be up and running for end 2021."
Here's my pessimistic and optimistic range. Let's assume the LNG is 10 Mmcf/day and that SOU manages to retain its 47% and still has the bond debt to pay, plus costs associated with the LNG. Let's further optimistically assume that it gets something like the GSA price for the gas (which seems unlikely as 10% of the NG energy is used for liquefaction). SOU's income will be about $15m per year before costs. So I reckon it's still a couple of years away from being debt free and able to afford some drilling at that point. AIM investors seem to like to dive in for a quick killing and exit. But most SOU shareholders will still be LTHs nursing their paper losses. So I see the share price at under 5p.
That's the pessimistic view. The optimistic one is that the share price will be at a similar price to earnings of the average US energy company. Earnings per share will be approx. $0.015 so a P/E of 17 would give a share price of $0.25 or 20p.
If I was to hazard a guess I'd say the first estimate is more likely than the second. But then, I'm an eternal pessimist.
Thanks Bigbench..........i will hang on in a while longer. :)
LOL....hang in there Sound.... As soon as GL comes up with a debt refinancing deal and a potential JV for further drilling or appraisals we will be on the move...Graham even expressed disbelief as to where the SP is sitting in the last interview he gave...the market wants to see a plan here...I think it's coming.
Im going mad waiting and Cabin fever from lockdown is meaning that i am desperate for something.......... anything ......to happen with this share share.
If I have asked before then I apologise (I truly might be going mad) but can someone with their head screwed on please just try cheer me up a fraction and give a few other invetestors a glimmer of hope here by attempting to predict the share price of this at the point where Sound start actually prodcuing gas from the LNG project which will possibly be up and running for end 2021.
GLA