Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I very much appreciate the time you have taken to give me a very comprehensive reply ...when I am in a better situation I will read up on the info you have given ....one thing that caused me anxiety when I was briefly invested with the larger oil companies such as Tullow//Premier is the amount of debt they are carrying combined with the uncertain direction of the price of oil ...I do not have a proper understanding of the financials of f U J O but I seemed to remember reading somewhere they carry little or no debt ..
Plus don't take my word for it Lenin. I'll try stay balanced and not ramp this but I do have a big enough holding.
Have a look at the newspaper article from Abm. West Newton is a gas play big time.. Oil is a bonus
https://twitter.com/ABMckinley/status/1264485911141769223?s=19
Lenin.. Let's just say a company more major than us. And just to note Reabold, UJO and Rathlin know what they are potentially sitting on. They don't do over night deals on the back of a postit.
I'd say Reabold have already been talking to potential buyers.. The only question now is sell price and that depends on results.
Plus you need to look at the infrastructure around West Newton which makes it even more attractive
Look at what's happening with Drax and gas alone and the gas infrastructure in place
https://twitter.com/MightyBelle68/status/1264479843476889601?s=19
"If it comes in, we probably won't touch WN B2 but instead pursue discussions with majors for a flip."
Mixster, I struggle to see the majors coming in - which majors are interested in UK onshore, the trend of the last decade has been that the majors are pulling out of UK onshore. For a major this is still a very small field (best case 60million recoverable) to be interesting and UK onshore doesn't help them with their green credentials.
Having said that Ineos is probably a reasonable bet after buying BP upstream assets in the UK.
Well that certainly was interesting reading and some really good points and posts. Everything from RBD mcap to shorting a share on a claim north.
This will move north imho on anticipation of positive results from WN B spud. It's risk reward. WN B is the money shot proving the extents. If it comes in, we probably won't touch WN B2 but instead pursue discussions with majors for a flip. Again no one knows what's down WN B.. That's the gamble. I'm happy with the risk reward and with Wressle and Biscathorpe to offset the risk.
As always I encourage you all to research.
GLA Mix
Jack , given your previous run down of ii who’ve sold or hold - no you don’t . Rbd are doing what they are authorised to do as an icvc business surely ?
Rbd are an oeic - there lies the difference
Clive205,
No problems. The idea that a Director purchasing shares is a racing certainty is a myth. Take a look at Burford Capital last August when all the Directors piled in at £8.40 ish. £3 lower today, so not a good move.
Some LTHs on here would have to remind me the last time Dave Bramhill put his hard earned cash into UJO !! Maybe he needs to take a look here for sound advice on value?
Each to their own I guess. Good for all holders to get an alternative view, for sure.
Jack
spike, jack could well be both a fool and a liar
Jack, always good to have a reasoned alternative view to the rampers but I'm not sure about your reference to Joe "dipping his toe in the water" with the recent £25k splurge. That makes his total 286,832,806 ordinary shares in the Company representing 1.86% of the issued share capital, per Monday's RNS.
Just highlighting in case you weren't aware. Good luck with the short. You'll be betting against the trend.
I have jack on filter but can see he’s back let the Buffon short. RBD are never going to get carried away with the hype as the have a huge overhang of placing shares to digest.
Good evening Jack. It's splitting hairs I know, but right now, RBD don't have an equity stake in the licence, so we can only deal with certainties. The one certainty is that the licence holders do not have the money to pursue a fast development plan as you call it. So it's a gamble on a well, a test and and a sale of the licence for UJO and its a gamble on a takeover for Rathlin.
Intrinsic value is a meaningless concept on AIM. Exuberance is its lifeblood.
Short away now if you like, but I think you are too early. I will leave when I judge the moment to be right.
cheers
"I will be shorting this shortly, as it’s presenting itself as a gift."
You'd be a fool to short an AIM stock like this with substantial newsflow - I don't agree with your opinion that this is way above intrinsic value but I can see a certain viewpoint and even if I agreed with it, it'd be insane as AIM stocks can always hit insane valuations once the crowd is here. Its easy to lose your shirt even if fundamentally it looks overvalued.
Claiming you're going to short this either makes you a fool or a liar.
SecretBlueprint,
You are wrong. Once RBD get O&G approval both UJO & RBD will hold a 16.66% direct interest. So both would get exact the same cash on a sale.
The difference is RBD also hold an indirect interest in the License via its holding in Rathlin. In fact, they hold an overall controlling interest in the license and also have the upper hand in any negotiations with a potential purchaser.
To be honest I see UJOs interest getting dragged along or there is a risk of their 16.6% getting hammer by cash calls with a fast development plan.
UJO SP is way above current intrinsic value and is bubbling along with hyped investor interest. Many punters will lose cash to the gang festering here and elsewhere.
Our friend Joe dipped his toe in with £25k and it’s whopees all round.
I will be shorting this shortly, as it’s presenting itself as a gift.
Jack
Before I go - thanks secretblueprint. My understanding is that Rathlin have nothing without West Newton, so the company would dissolve and distribute proceeds proportionately to stakeholders.
Sorry to offend your highness, but AIM surely isnt a place for one of your imperious knowledge?
You dont like rampers but blowing a trumpet for RBD very loudly, I hope it works, but it shouldn't need your ramping
Whatever, Austin. I've had enough of muppets for one day. I'll leave this board to the pumpers and excitable novices.
SMN, I am sure you are right, but UJO will get cash in that situation, but unless Rathlin declare a special dividend, RBD would not, so the two companies have a different outlook on life, risk and returns, so that might explain the market cap anomaly?
So you are acting in others peoples best interests Mcnimby - but accusing others of only looking after themselves!
I'm sorry but please dont insult the intelligence of all on here, some might need hand holding most dont.
UJO have a number of assets that collectively make their current price cheap, what 5hey have or dont in comparison to x y or z is irrelevant.
Secretblueprint, both UJO and RBD will sell West Newton long before oil is commercially produced.
Selfish, ticked your post up & couldn't agree more.
Mr.Investment. fool. I'd be surprised if I haven't got more shares than you, but I'm not interested in willy sizes. I suggest you keep a close eye on who's ramping this. When it looks too good to be true, it normally is. I don't know if you were around last November, but the same people appear to be in play again. Do some research rather than follow the herd.
Hi SecretBlueprint. Reabold holds (or will hold, when the OGA gives its consent) one interest in a production licence but it's only in WN where they already own a big stake in Rathlin, the operating company - as I'm sure you know. I assume it was that existing relationship that gave RBD the confidence to buy Humber's 16.665% equity stake. Otherwise, I don't know where they get their technical advice but probably they depend on having a good operator. That strikes me as a bit risky as there's no guarantee that your operator will only make decisions that suit you. Maybe it's different for Rathlin since RBD owns more than 50%, so they must effectively control it.
RBD have a different business model to UJO. They own shares in the operating company rather than equity stakes in the production licences. So in that sense RBD can never profit from any produced oil unless the operator declares a dividend or accepts a takeover offer.
I don't really understand why they do it that way. They might just as well buy selected oilco shares in the market.
I take it you can't explain then. lol
You refer to Wressle. How much is UJO's 40% of Wressle worth? I'll give you a clue - look at EDR & EOG market caps. They both have 30% of Wressle.
I'm not trying to put a damper on what a great day it's been for us, but facts need to be remembered or suddenly someone might dump on us.