Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Bob,
"This is a project that is 2 years from producing gas, 2024, at best and looks more like going into operation in 2025".
Absolutely true. But you don't have to stay for production to make a significant return. I'm pretty sure a number of speculators will exit on FID to be replaced by those with a longer view.
I would expect the SP to be north of 50p by FID. I don't have many other holdings with potential to double in 6-9 months.
Bob,
You say "i am reaching a pivitol moment where if things don't happen soon, the risks of staying on go up exponentially".
"Soon" - Char have stated they expect to take FID this year. I think that's probably ambitious and would be happy if they do so in this tax year. But I still consider that "soon", in the context of most O&G development projects. Just look at Jackdaw or Etinde.
Prerequsites are being ticked off nicely. The CPR arrived a bit earlier than my revised estimate. Soc Gen are leading the funding. We have FEED underway with SA and have MOU for offtake. Lots of balls in the air but I don't see significant risk in any of that.
Not sure why you see an exponential rise in risk ? Sure the world is not very stable at the moment but it is not in Morocco's interest to be anything other than supportive.
GLA. In my view patience will pay off - but I continue to trade a little while I wait. There are constant opportunites to make close to 10% in a matter of weeks if not days, with spare funds. Hence me being v overweight CHAR temporarily
Patience !
If you've held "over the last 13 years" what's a few months more until FID.
The audited resource volumes are great. FEED is underway. MOU in place for GSA. I see no risk that Soc Gen fail to deliver on debt finance. I expect a partner to farm-in. The exploration upside is very exciting...
So the SP is lower than you would expect. Buy more - i did.
Jimmy,
Thanks for confirming. You clearly do understand that these are not reserves.
The volumes announced yesterday are terrific, imho.. I hold >600K shares as I am convinced this is a great investment.
I think it is important to use correct terminology otherwise you risk misleading the less informed.
"hence my worry of an announcement alongside of farm-out for equity raise, at mates rates of course. All depends upon how much we want to keep going into production. Just my dark thoughts."
I wouldn't worry too much. AP has, I suspect, much more skin in the game than you do.
"Clearly this is a very large resource. It is interesting to note their comment that the Rissana license provides an opportunity for CHAR to attract some of the LARGER industry players. Hinting at bids perhaps?"
No. I don't expect any bids but I do expect a farm-out very soon.
This is what Chariot provided in the early days of Anchois
9th May 2019 https://www.lse.co.uk/rns/CHAR/cpr-on-the-anchois-discovery-morocco-169gnbxmrnln805.html
18th Sept 2019 https://www.lse.co.uk/rns/CHAR/cpr-on-additional-prospects-z9uz5daoh9mfivc.html
7th Sept 2020 https://www.lse.co.uk/rns/CHAR/significant-resource-upgrade-on-anchois-morocco-u1fjdymh3qvpov0.html
Great to see the shareprice creeping up. Maybe in anticipation of a CPR release this week
Nothing is risk free. So why invest exclusively, or even heavily, in your employer ? Better surely to diversify.
I once worked with someone whose ONLY investment was through his employer's share scheme - a very respected US tech company. When that company filed for Chapter 11 he lost his job and an eye watering investment.
I note Duncan owns about the same amount of shares as i do. I am very happy with that.