George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Stag it would not be hard we're on our arse now . The fat pump and dumper has had his day , he is exposed for what he is worth
BMB it was the koot thing then the fat aussies meltdown ..... it was brilliant
DL knows leo will turn this company around and do a better job than himself
Lol, I not sure what made me more happy this week, The fact that I now feel there is a small, renewed chance I might see some of my money again, Or the fact that DL got so upset, and made it public by having a hissy fit on Twitter
i don't think the fat turd will get anything to do with Columbus oil ..... I really can't stand him
I see David Lenigas has had a change of heart here, rather than a shareholder revolt he's willing to give new management a chance... how very gracious of him......hopefully, the numbers will speak for themselves. I just hope its positive..... GLA
in4cedros ... "We've had the unsubstantiated theory that LGO sell huge volumes of water to Petrotrin , you're also scaremongering about liability for suspended employees in Spain ( which you still haven't evidenced ) now you're on about a decline on the latest drill - have a look at the graph on the March Corporate Presentstion - you can plot the expected decline against the model for Mayaro drilling - you will have to make an adjustment because the latest well came on at 55 bopd rather than the 45 bopd used in the model - unfortunate for bashers that the curve starts higher up but that's life!" "Well GY-682, completed in mid-March, was perforated over a 273 feet of net pay interval and produced at an initial rate of 55 barrels oil per day. Production is continuing as expected from GY-682." "The earlier well, GY-682 was producing at an average of 32 bopd in the first half of April with a relatively high water cut and by contrast with GY-683 this may suggest that some of the perforated zones are affected by depletion." "Compañia Petrolifera de Sedano ("CPS"), the LGO subsidiary, has suspended its workforce, pending the re-awarding of the Ayoluengo concession that expired in January 2017. The suspended staff will return to work once the concession has been awarded, either to CPS or to the new concession owner. In the event that no concession is awarded, then CPS would be required to make the staff redundant, at an estimated cost of approximately £0.33 million. This eventuality is seen as a low probability event." The only persons suggesting that water is being sold to Petrotrin is you Mr Joker and Free.
That's a big help !
people may look at lgo like marmite with dislikes or likes truth is everyone's hanging around as the 10 bag rumours have potential and no one wants to miss out the worry is DL reputation for ramping assets but fails to deliver getting them out the ground but leo knows the challenge and options offered at 2.2p/4p/6p/8p/10p he will be making sure the lgo oil tap is gushing sooner than later one can guess his reputation stands on this deal and its not been taken lightly
LayLadyLay - I have never said there is no chance water won't be present in oil - I pointed out to you LGO knew water could be produced from the outset as water separation infrastructure was present when they took on Goudron - shareholders would prefer it if there was none but only a fool would rule out that possibility LayLadyLay! Petrotrin only pay us for oil not water and have their checks to give them comfort which, again, have been well documented. You were the one attempting to make something of it - not sure why - I was pretty bored with it from the outset but the company issued a FAQ to clarify the position.
Rorker , this time we may fund raisevto go forward not just exist ..., GO FORWARD . This new guy is not here for 400 BOPD believe me
Get rich ...... I've had one but need another 2 one decent one and a wee bit for the dips ...... I've never been so exited in years . I wrote the money off but now there is a real chance of money back plus and I really mean it ...... WE NOW HAVE A FUTURE NOT JUST AN EXISTENCE
S4LMO, "Another top up?" Have you been adding since the webcast or sneakily before? Either way, I kinda know your average-ish, so any additional at today's prices will dramatically reduce your average. ATB ol' boy.
and absolutely certain as they have no money, hardly any oil production and an alleged reserve of billions. What can they do? All they can do and nothing else is trot out the same old ''give us your money and we will give you jam tomorrow'' just look at the reserves we have hidden away in the promised ga ga land.
MorningJan You could always sense one coming under the old regime. Who knows what pace the new regime will move at, what directions they will go in and what alternatives to dilutive funding might be available to them? Too early to tell, in other words.
Anyone think more fundraising gonna be needed before things can move ?
You mark my words this guy is amazing . For all the people who slated the company and I was one this is the best thing that could ever happen
Lse should change company ticker code to LEGO, cause it's now being rebuilt after being knocked down by the kids, lol. I bet they try and knock it down again though. ;-)
in4cedros ... I notice you stopped mentioning water when Neil referred to GY-682 having a high water cut. "The earlier well, GY-682 was producing at an average of 32 bopd in the first half of April with a relatively high water cut and by contrast with GY-683 this may suggest that some of the perforated zones are affected by depletion."
NR was nothing more than a DL puppet and this new broom is the latest to be trotted out. Watch the sp tumble as the dilution sets in.
Porker - the new ' magician' has an enviable track record - why not give him a chance or apply your support elsewhere - I thought you just wanted NR out so you should be happy with the new guy - why bother to hang around if you're not!
Freeser , he is the man ok ..... DL keep him away everything he gets his paws on gets pumped to death then turns to liquid shyte. Our new man is the real deal ok and don't ever forget that . He know what he is doing alright . I'm having another top up on tuesday maybe wednesday and that's a fact
Daz - I strongly recommend you redouble your effort to watch the brr media - the link is on the LSE home page for LGO. The development plan for LGO is short on detail at this time but the pitch from Leo gives an indication of past achievements and enables investors to imagine what may be possible in the future with an executive who is well trusted in the market.
If that's how you feel I can't understand why you bother wasting your time reading and posting on this BB? Why aren't you posting on other BB's commenting on their products/assets? I dont understand your logic. Example, I don't rate FITB's product therefore I don't bother reading or posting on that BB? Unless you have a hidden agenda?
let me tell you how it works with this lot as far as I am concerned of course. You find a project that is crap and you buy it cheap because everyone knows its crap. You then tell everyone that it is not crap and you have a magician at the helm who will prove that it is a golden goose. The money pours in from people who are basically mislead by the information given out and the information not given out. We will give you jam tomorrow in exchange for your hard earned cash today. The world turns sour on the project because of the constant massive dilution and the distinct fact that there is no jam at all. When it gets unbearable for anyone to believe it you simply reinvent it. Put in a new magician. So it goes on my friend, we have billions now not even millions but by the way we need your money to help us get all this jam into your fat packet. Get it?