Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
You are being very melodramatic bsg4 however I do agree that this is not a get rich quick share. My advice, fwiw, is to slowly build a stock of shares over the next couple of years or so. More placings to fund more investigative work, testing and further research will be had in that time before the full picture is known. Then you may have to hold on to your hats!
Don't talk crap! As long as people keep posting LSE will keep the BB live.
My take is that once the asset is secured funding will be provided. (SM's waiting in the wings with itchy fingers :-) ) Everything goes away and the Georgian people are at the dawn of having an economically secure future.
We also might make a bob or two :-)
if this bit of the RNS has been looked at properly
"It will not be possible for shareholders to trade their ordinary shares in the immediate short term following Cancellation. If the Company's financial position allows it to do so, the Board may consider implementing a Matched Bargain Facility in the future to give shareholders an opportunity to trade their ordinary shares following Cancellation. Further announcements will be made in due course. "
Seems to me that this is Plan B of the BOD to get our shares on the cheap.
Be aware if the company becomes a successful private company in the future then they will buy back the shares off you sometimes at a better price than the company market value...
FRR has been delisted for over 2 years and the BB is still going strong. As long as people keep posting LSE will keep this BB open.
Biding for time comes to mind as well...5 yrs? Gives time for Georgia to get accepted in NATO etc. Then there will be confidence by the mutinationals to invest. The GG wants and needs to see mega billions on the table and rightly so (What has $500m done over 20 years for block 12?) but they also know they have to play ball as well but reshaping the whole GG mind set will take time.
Expect a ramping up of visitations by Uncle Sam over the coming months and years.
IMHO :-)
Could be though that they have used it as an excuse to get the court hearing offline. Maybe both sides were uncomfortable it being screened to the world. Full transparency it could be concluded is for the great unwashed only...
You need guaranteed sun and wind for generating electricity from solar panels and wind turbines. Hydrogen is required for fuel cells. Easiest way to obtain hydrogen is from natural gas. The Super Majors are investing heavily. Strange that.
If interested - https://www.cummins.com/news/2020/05/14/batteries-and-fuel-cells-understanding-differences-and-opportunities
Maybe Shard don't trust the new BOD either so have sent in the adminstrators as soon as they could without notice. This forces the new BOD to restructure or fold. I guess we'll find out if we have invested in BS soon enough...
That's inflation for you...
IMO I think we need to look at the bigger picture, what is really going on, not the current little picture. These court cases are all about biding for time i.e. for the real grown ups to come to an agreement. Otherwise, as I intimated earlier, this company and indeed this board would have long gone.
Don't believe the reliance of hydrocarbon extraction will wane, especially natural gas. Hydrogen will be seen as the environmentally friendly energy source for the next few decades at least. This keeps everybody happy especially the SM's and the powerful people that run them...
Not necessarily and not in all cases I believe. Winding up order by creditor is one such case I think.
https://www.begbies-traynorgroup.com/articles/rescue-options/what-happens-when-a-company-goes-into-administration
They may have only just been asked to pick up the ball... new administration and all that.
IMO, though interesting, these court cases are just side shows. Once the GG gets assurances from Uncle Sam regarding mega investments and security for the future of Georgia then, as I have said before, everything will be plain sailing.
Just think for a mo. What other company in the world would've survived FRR's history and current situation.
A default on payment that should've been paid by 6pm yesterday. Administrators then automatically notified. I'm assuming new BOD knew nothing of this so guess they are having a very busy weekend trying to sort this out. I still expect a temporary suspension on Monday until sorted.
IMHO.
Binman has probably asked The Company to pickup the ball again Phil.