Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Bigboffer- I bet the company have answered your questions truthfully, just like they have in their many so called interviews? Just like they never told investors 16az had been shut? Just like nobody was told about the water ingress problem until the 11th hour?
And yes we know if the company had produced 700bopd nobody would be moaning, as that’s what the company promised. Stop stating the obvious and making stuff up all the time you idiot. The issue here is they promised something which they didn’t know they would be able to deliver not.
Stop talking out your a*** and try to add something constructive and balanced to the board.
Crabby- yes bigboffer see
S to be good at that. Why doesn’t he just say if BLOE had produced 10000 bopd then the SP would have been 70p lol
As you’ve pointed out and I have myself this company has under delievered on a massive scale. From the promised 700bopd and $1m a month cashflow, they are only delivering 51bopd as at 25th September. This is what the company is being punished for and concerns investors. No need to tell us what would have happened if they had produced 7000 bopd as I don’t think any of us would have been complaining. If I had sold out some of the shares that I had doubts about, I would have saved myself a lot of money. Don’t need to be a genius to benefit from hindsight.
Bigboffer give the 12m a rest as you’re wrong each time. You still have no idea if those shares have been flipped so stop gobbling on. Funnily enough you said this was the best play on AIM back in the summer, but look where the sp is now?
As for the cash in bank if they get any more hiccups on any of the other wells then it will all be long gone one. Don’t forget they still do not generate any revenue.
Agree with you mike on that one. Gary was ramping this at those levels and now feels sorry for those of us who invested between 12-17p?
That should be a lesson for people not to follow the opinions of rampers on these forums depite how knowledgable they appear to be. Then you have AJames on the otherhand, who tries to give the impression he knows more than the rest, but in reality knows no more than the next man.
Anyway the only thing that can save this share is Paul Haywood getting his act together and stop ramping like others on this board and actually deliver some revenue and increase production. As a shareholder that is not much to ask.
Bigbench what’s that 150% next eeek based on. Please stop preaching nonsense on here unless you have facts to prove it.
Haves when are you expecting to be told about glow rates?
Nicode- I see you’ve changed your expectations? Back in July you say d Paul Haywood would allow you to retire before the new financial year to 2-5 years? Why is that then?
Bungle sorry to hear you’re sitting on a loss and hopefully we’ll get the chance to recoup this.
However I do think the £1 a share is way too optimistic at this point since it cakes the company around £400m. To do this the company really has to be something special which I don’t think Block is at this point. Just look at the market cap which th ECO Atlantic at the minute with the success they’ve had and currently valued at £250m.
At the moment I just want my money out as I’ve lost trust in Haywood, but if the company starts to deliver I don’t think I will hold past 30-40p.
You’re in the sane position as me Tony with an average of 13p. Where do you see this going and have you got a sell out price?
Mike give it a rest will ya.
Where is the huge find? Equally you could have said the same about 16az back in April, but what did that turn out to be in reality?
The gas yet remains to be extracted and proven?
It’s all been a lie from the outset. Looking at previous information they were meant to have 650 bopd by the end of Q1 this year. We are now in Q4 and they are just about starting the 2nd drill and the first one has been a failure. They also said it was fully funded yet there has been a placing for the work?
“Block is to now move towards restarting production at the field by drilling two horizontal sidetracks on the 16a and 38 wells at West Rustavi, targeting combined output of 650 barrels a day by the first quarter of 2019.”
I don’t believe him anymore but here goes anyway
https://www.brrmedia.co.uk/broadcasts/5d8905081e79456d8fcc66a9/block-energy-operations-update
I don’t think Bago will be so keen given the failures of the company so far and their direction.
For example why on earth are we building a central facility to accommodate 5000 bbl a day when the company is not producing no where near this? Surely you’d prove the resource first before splashing out the cash, but they don’t really give a monkeys and will just come out with another begging pot.
Nicely said hillybilly everyone was hyping about underpromising and over delivering back in April.
You can understand if he was slightly off but there is a massive difference between 1000 bopd and $1m free cash flow a month, and the resultant 51 bopd. I see 2p coming if there is the slightest problem with 38. Not surprising then he’s not so keen on interviews no more.
SXX is a good example of ramping boards. If you look at my history I warned people back in March at 20p to exit the share, as my reasearch at the time convinced me there was a 70% chance they would not get the funding. Instead I got shot down by the rampers and accused of trying to bring the SP down to “buy in on the cheap”
Look where the SP is now? There was one serial ramper in particular on there that was selling it as a one way bet and hurled all sorts of abuse at me, however I made the point of going back last month and called him out when the SPwas 10p but he didn’t respond. I genuinely felt sorry for anyone sucked in by him.
Outlander, already have mate by Foolkid and his little ramping gang. He said this would be 50p by the June back in April, and has nothing to say about this other than call people shorters etc...
Also seem to have a new ramper called Boraki on this share though I have no idea what price he bought in. They see Meditor holding the debt as a good point, when reality that should set the alarm bells ringing.
This has hit new lows which is concerning. I knew I should t have invested in this dog of a share.
James- not sure I agree there. Yes he might have completed 20% of the drill, but the point is the failure to deliver the numbers they said they would. That is the most fundamental part here. It’s no good even at f they complete all 5 drills successfully but they produce 200bopd between them, since the market is expecting an average of 325bopd each as a minimum. So far 16az is producing a measly 51 which is not even 20%, and we don’t know if they have reduced since then.
As Pawn has pointed out I think you need to be a bit more balanced on your views, though as you’re on a free carry you might think that’s not necessary since you have nothing to loose.
Terrier stop stating the obvious and talking nonsense. Don’t you think it’s obvious if the well produces 1000 bopd then the SP will go up? It’s a bit like saying if I get today’s jackpot numbers right, I’ll be a millionaire. You can say that about any company. Your comments so far have shown you’re a gambler rather an investor.