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.
Mr.Investment." Difference between me and you is that I’m already in at 0.17p."
So was I, several times..took profit @ 0.23*Profit ! thats all I am intending with UKOG.
'
17th September at the earliest.
https://mycouncil.surreycc.gov.uk/ieListDocuments.aspx?CId=122&MId=7517&Ver=4
Was down for this meeting which has now been postponed.
Next 2 meetings are;
3 Sep 2020 10.30 am
17 Sep 2020 10.30 am
with UKOG expecting it to be the one on the 17 Sep according to the last RNS.
Given all the gloom and doom, it probably means expectations are so low the share price will rise on almost nothing.
Probably will drop as per usual Pio
Knowing the Council they'll probably kick it down the road for at least 2 months. And that's just going to get permission to spend more money (which UKOG don't have).
What is clear on here is the erosion of confidence - even the paid rampers have given up on seriously talking about 2p (or 10p) - it's all about the playing the next pump and dump. As a LTH all I see is a load of people sitting waiting for it to reach 0.3 p and then exiting having made 50% - and this going on every time there something good - if there is any more bad news we're toast I reckon
It's dead as decent long term investment stock
SP is about to fly?
Robone with Billy no shares in charge, the great diluter and destroyer of wealth this company fails every test as an investment. My strategy now is simple. Sell into any spike ( do not throw good money after bad). Then buy the inevitable dip. Rinse and repeat. In time my B/E may fall enough to exit on spike in profit. At least we now have a timetable for the next spike - September 16th. The problem is Billy does too and will probably do a fund raise...walking 4 letter word.
Mr.Investment " they just want cheaper shares."
Makes a lot of sense to my..why not...0.17* my limit...gl
"This company is a dog but I’ll happily load up at this level and sell them for double next month, why would I speculate elsewhere when it’s pretty much a guarantee."
...Still very risky under current low oil production =250-300bpd and further Turkish expenditures!
In fact, You may end up holding the baby long term due to the high probability of soon shares consolidation unless you sale at loss as many did before.
;o)
Tymers,
I've always understood - what I can't stand are two faced posters who claim they are holding for some ridiculous price ('Not slicing until at least 1p way undervalued ukog united') because of some made up rubbish that might fool a 3 year old (and some posters here) then claim anyone who disagrees is a swampy etc, posts they only post to irritate and annoy and then boast about selling out at a much lower price - because thats
I think that makes you an irrelevant troll on this board.
'That’s why I’m buying when it’s cheap - not based on fundamentals of the company, but based on the fundamentals of how the AIM market works.'
And the fundamental reason that AIM was created was to help companies get access to finance to pursue their plans. Without enough cash flow to self finance the plans you get placings or convertible loans both of which result in lower share prices [no CPR = no RBL].
Now they understand!!
I rarely comment on the SP as it is, as so many posters here depend on, at the fickle whim of sentiment sometimes driven by a concerted effort at pumping the price, sometimes by the company.
But it will ultimately be openly reported results that will determine the value of this company rather than fluctuations bought about by steps on the way to those results. Mr I has it right that speculative traders will dive in, but they will also sell out before the outcome of, in the case of Loxley, the planning decision. The SP reached a recent high 3 trading days before the Loxley planning meeting, not on the day.
But is around 0.2p 'cheap' just because it was pumped to around 0.5p briefly before news of HH-2z was released?
The 3 separate oil and gas sites being 'progressed' (mentioned by Trollhunter) are presumably Loxley, IOW and Turkey. All three are appraisals of previous tests - none of which have been progressed until now. Godley Bridge was unsuccessfully appraised soon after discovery and the IOW (Arreton-2) well failed to flow. In Turkey whilst initial flows and non-analogous fields have been cited - no information about current production, flow rates etc has been quoted from the E Sadak Field the truly analogous nearby field operated by AME.
There is also the issue that whist the reperforation of HH-1 and site prep for Loxley and planning progress for IOW (and Loxley?) is said to be funded by the remainder of the recent placings the funds within UKOG will be eroded just by the normal course of business, although none of the more expensive activities have started yet so could be funded again through the next placing which will be required for drilling Resan. Any other upcoming drilling or major works will also need funding as any cash profits from HH-1 production are needed there; unlikely Resan even if successful will be exporting cash to the UK any time soon; and Loxley even if successful being gas won't be monetised quickly, so any UKOG UK progress will need funding for a while yet and until these wells are demonstrably successful, not just encouraging oil shows or short burst flows, it's difficult to justify any value to UKOG from these excursions away from HH except those based on hope/sentiment/belief. We don't even know (after years since discovery) how sustainable the 'more than' 300bopd is at HH, or what the hoped for improvement from the reperforation might be, nor what might become of HH-2z six weeks on from the admission the water problem wasn't solved.
Mr Investment. No guarantee of approval at next committee. Markets like certainty, this is not.
Try forward selling 2-3Billion shares. Someone needs to buy all the shares and I somehow doubt anyone can shift even 200m shares easily let alone the huge amount needed for the next placing.
It's wishful thinking to expect a pump up in price for a placing when we all know the placees who are handing out the money always want the best return. They will want the sp to be as low as possible before giving any money so not likely they will wait for SS to pump the sp up knowing full well it can easily drop back to the sub 0.2p range where it has been stuck for while now.
Whatever happens, the placees will no doubt get their shares at sub 0.2p before or after Loxley.
Who thinks there will be a placing coming before the Loxley planning decision? Judging by how SS likes to cover bad news with good I suspect they might sneak in the placing before the planning decision next month. Safer to be out for now imo.