Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi sasa, it does appear that over the years we have had a similar outlook, especially on SQZ. Always good to read your input and insight, keep the faith.
Echo that, RELLIM - I guess that the next transformational deal for Serica will need to be confirmed / appreciated by the mkt before anything else.
If it's anything like BKR, then that would again have a major impact upon our further potential and be the ideal time to go for a main mkt listing, with a contingent divd policy declared, to boot - nothing the Instos like more in this yield hungry environment than the arrival of an obvious re-rating prospect paying a decent income, too! - sasa.
Hi FF, the figures you quote are highly attainable, the comparison to Tullow is a little more complex. Tullow have a lot of dept. whereas we are effectively dept free, they do not operate operate in areas of the world that are as secure as SQZ and some of the governments of the countries that they operate in are quite volatile and our cost of production is one to be envied (even by RRE). Personally I would love SQZ to take the step up to the main market, they have already indicated that they will consider the dividend issue, both of which I believe would make us much more accepable to the institutions. I would then hope that our market price would come closer to that of TLW
Agreed NewKOTB , £5+ is certainly on the cards should our speculation materialize, but when you throw in Columbus , Rhum drill , move to main market , dividends etc etc , its not difficult to be very positive! We could be producing , what 80k a day with all the above ? £5 would put us at £1.3 bio , Tullow does 94k a day and is valued at 3 bio , maybe not a direct comp but interesting all the same.
Anyway fingers crossed for the renewal and the market does look very quiet , its as if its waiting for something.......
GLA.
Thanks sasa, makes total sense from that respect.
So no reason why the BoD shouldn't issue an RNS soon in that case.
atb
Hi NKOTB - I think the Rhum 3 licence renewal is needed primarily for US 'intervention / emergency' equipment to be available to SQZ, in the event of an accident - the Americans have the best rescue equipment for such purposes - that's what I've always understood to be the reason for it and Serica should be able to confirm the extension any time now - sasa.
BTW, Great discussions this morning guys, as we await our first trade of the day !
Might just buy a single share myself to kick things off...... Oh no, a code 1 ......lol
FlyingF,
Also a deal of this nature would be classed as reverse takeover for sure, and shares suspended. For that reason any shorts would be closing if not already done so and only the certifiable would open a new short atm..... interesting NI has curtailed his activity on here too !!
Depending on the terms of such a deal, we could easily open after suspension at >200p with over >500p attainable within 4 years imo
Just need Rhum renewal and all is good in the SQZ camp. On Rhum, I would hope that our BoD would issue an RNS on similar lines to last year, in that all OFAC conditions have been met and full expect renewal to follow. Although I'm not sure how much this is now needed in terms of authorising the "provision of essential goods, services and support by certain US persons and businesses to the Rhum" as do we actually use or need any US intervention anymore ? I think not, but stand to be corrected.
atb
FlyingF,
I agree that Shearwater is a must for SQZ to investigate in terms of DD. Also as I mentioned I do also feel, as you do too, that Shell could well be looking to exit this asset. If so I would have thought a deal to push through BP's share would be quickly followed by Shells, if so that would leave SQZ with 55.5% or >37kboepd net. Although if you are doing a deal on the same asset, it would make business sense to complete both deals at the same time ...... could this be what we are waiting for !!
Could easily be attained on the same proven model as BKR, should Shell want to join the party.
Ballistic indeed.
atb
So why did Shell not buy BP's 28% of Shearwater for $250 mio? When first mooted in the press they speculated BP would want £700 mio !! Clearly at that price it was out of SQZ financial scope but not now. If Shell didn't want it they must be considering selling themselves and this could be perfect for SQZ who could then be operator which is their aim.
This or a deal like it would send share price ballistic and to my mind is far more appealing than a merger which will likely be at a very full price and benefits slower to materialise.
GLA.
"I expect another cracker one day......."
Not today by the look of it, although as each day goes by, you know, it's one day closer to that RNS. I'm betting it will be stonker of a deal too.... talking about crackers, I'm hoping way before Xmas.
atb
Neptune this time:
https://www.telegraph.co.uk/business/2019/10/14/neptune-energy-pays-215m-north-sea-assets/