Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sam and Stu feeling unloved and embarrassed by a PI uprising Surfit ?
sorry but you've obviously not graced the same stage as them :-)
Sam likes to be known as 'THE' MAN who discovered oil where the mighty Shell once failed and goes to his bed at night 'BELIEVING' he is underpaid for what he has achieved to date and often introduces himself to anyone that might be looking at him and thinking to themselves who is that as 'don't you know who I am'
personally I don't believe any of them (Directors and Non Execs alike) will be in the slightest bit embarrassed or concerned with what's currently going on but hats off to any disillusioned PI for trying to do something about it and at least making their voice heard as is the bought and paid for right of every single shareholder in any company.
GL not long now
"net-cash"
I have to say Slift that's a quite brilliant spot
it is an unfortunate reality that these forums tend to mirror twitter and have become infested with multi alias user accounts which just highlights what someone said earlier about 'the world is not perfect, it can be corrupt' except I would change their choice of wording from 'it can be' to 'it IS'
it is truly amazing the lengths that some will go to solicit and extract their ill-gotten gains
as a wise old owl once said:
caveat emptor
a lot of people over the years have often asked me:
what's in a name ?
I sure as hell don't know but I do know that some are instantaneously far easier to spot and filter than others :-)
toodlepip x
"The negative is the apparent lack of ambition in the scale of drilling"
well Tony I actually see that as a POSITIVE as one only has to look where their over zealous borrowings and reckless fast track ambitions got them and their shareholders last time around
they have more than enough assets for now to focus their 'immediate' attention on so for me its time to build production levels up from within by using any (and ONLY) Free (and continually growing) Cash Flow and NO more borrowings
nice and steady as she goes as with increased flows she continues to grow
no rush as not everyone is looking to get out on some impatient little jam tomorrow spike :-)
https://find-and-update.company-information.service.gov.uk/company/13113084/filing-history
no idea how one can begin to value a company that is a mere 4 months old with no actual business and cost 100 quid to set up at over 6 million quid today but if you ask me it sounds like he is starting to feather his retirement nest at the expense of all his 'loyal' lego shareholders
Monaco is an expensive place to live and one needs to keep a certain amount of cash in the bank to retain ones residency status :-)
I have heard it said that the more subsidiaries you have the harder it is to trace the real money trail and as a former barrister I am pretty sure the midas man and passionate collector of art is well aware of that
its a truly great business model in getting shareholders to continually fund your passions in life
not everyone has the gift of the gab nor indeed the brass neck to do that - LOL
exactly
"The Acquisition of the 16.3% shareholding, in Start Art where David Ciclitira is currently a 75% shareholder and Ranjit Murugason is a 25% shareholder, is therefore classified as a Related Party Transaction pursuant to Rule 13 of the AIM Rules"
robbing peter (lvcg shareholders) to pay paul (DC and his missus) springs to mind :-)
powering through 6p eh ?
LOL
looks like unserviceable debt in the minnow oil market strikes again
I'm afraid within the industry the writing has been on the wall for quite a while and its hard to fathom out all those people who were clapping and egging on the known cheerleaders who were (by their own admission) topping up or going in large into this in recent months whilst the cold hard reality from the real industry professionals was that they couldn't see any other possible outcome than what has just been announced.
anyway good luck getting sufficient funds to drill the 8 well next year as (IMO) that ain't gonna happen so its a RIP from me
PS
I can't wait for Hasiba to come on and say he's just bought another gazillion shares having fortunately sold out last week in err um profit
12 million shares down, circa another 105 million to go at current pricing levels so buybacks should be complete in a couple of weeks at a similar buyback rate
as I explained yesterday the net effect on issued shares once buybacks are complete and employee awards have vested is zero so nothing at to see here.
nearly every analyst is predicting a steady rise in oil price as the wheels of industry begin to return to some sort of post pandemic vaccinated normality and as a result the quarterly financials of every oil major out there should improve in line accordingly so what's not to like.
I can see from a lot of the comments (not yet filtered) that there are too many people still living in the distant past.
seriously who cares whether they spent $1 billion or $70 billion on buybacks over the past 10+ years.
share buybacks are pretty much standard practice for every main market listed major company out there so get over it
306p
steady as she goes cap'n :-)
as it says on the tin, the buyback of shares is to counter the vesting of future employee awards
the end result (once both buyback and vesting has concluded) is there should be the exact same amount of shares (or there abouts) as in issue today.
therefore looking at it from a negative perspective one could also add there will be no share reduction as a result of the planned buybacks (as is common practice with other company buybacks) but from a positive perspective there will also be no dilution (as is common with other employee options and award schemes) when the awards vest.
ergo, a +/- (balanced) transaction, absolutely nothing of interest to see here, its business as usual
303p steady as she goes cap'n :-)
"have a word with yourselves"
says the poster who took a loan out to 'deleverage' their spread betting account and has in the past actively encouraged others to borrow money to buy stocks and shares
sorry to intervene and pee on your spread betting parade but anyone actively encouraging people to gamble on the stock market with borrowed money whether they can afford to service the monthly loan repayments or not are the ones that need to have a serious word with themselves
cash will always be king
nice and steady as she goes cap'n
toodlepip x
I’m trying to remortgage my house guess where the funds are going to sit while I wait for a house to come up to buy! I’m gonna get another 1000 if it dips to 290 again
WOW a whopping 1000 shares @ 290p
is it a caravan you're trying to re-mortgage :-)
"What's your Twitter handle"
well my guess would be its @justinslovechild
chocks away :-)
"My ONLY concern is the very close relationship he would have developed with the FiG personnel"
I definitely wouldn't let that be of any concern to you as it's not nearly as rosy as the curly top might have you and/or others think.
FI doesn't give a FIG (see what I did there) who is in charge as they just want to get it developed and producing as it will generate significant income in the form of royalties and tax for the government and its islanders for whom many are existing shareholders themselves.
GL
apparently there are 18 new posts today and the strange thing is ALL OF THEM appear as green boxes in my feed
whoever you are, give it a rest and go get a life
so 20p or there about is mr markets fair value
I wonder who could have predicted that not so very long ago :-)
roll on Q4 and main market listing
until then
toodlepip x
Resolution 11 - SP (Standard Procedure) for any CFP (Cash Flow POSITIVE) company and it is no different from last years resolutions :-)
https://serinusenergy.com/wp-content/uploads/2020/05/2020-05-15-AGM-Results-Final.pdf
all good
steady as she goes cap'n
PS
I wish certain folks would give it a bloody rest with the constant ramping and links to twitter etc as the more promotion there is like that, the more it sounds like a pump and dump
you know it was nice and quiet on here only a few weeks back and long before all these twitterazi nano second penny traders arrived
I prefer to let the company do all the talking
toodlepip x
most of the outstanding warrants are from prior years (North Sea operations only) fund raisings and they were all 'reset' to nominal value (as were all existing employee stock options) upon readmission of the enlarged (post Canadian deal) group.
really not sure why some shareholders are getting their knickers in a twist about any 'exercisable strike price' as that is the price of doing business (covering historic loans and all that) and (for me at least) it is simply clearing the decks going forward and was / is /to be expected.
right back to sleep whilst I await my dividend payment :-)
not sure what Linda Cook or Phil Kirks offshore remote experience or lack of it has got to do with Sea Lion getting sanctioned as the experience already lies within in the form of Premier oil employee's who have transitioned over to the enlarged HE group but I suppose it gives you that angle to promote your best mate Iain Thomson again :-)
BTW do you think Lord Brown had the necessary hands on or background exploration, development and all sorts of onshore or offshore production experience when he was top dog at BP during one of its most successful ever periods
nah neither do I but he was one of the best
toodlepip x
"truth is RKH have no say in Sea Lion`s future any more they are merely bystanders"
a slight correction if I may fuddstone
the real truth is RKH have never had a say in anything related to the FI (even when drilling Isobel and Isobel Deep despite owning the lions share of the acreage) the day dumb and dumber sold their souls in that fateful farm out to Premier
the word on the real slippery street is
you shouldn't believe everything that dumb and dumber tells its shareholders :-)