Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
So many posts here the gems often get missed, here's a great one from mcadder that some may have not read.
mcadder
Posts: 6,234
Price: 0.355
RE: MayanToday 22:17
"Difference straight away with Itumbula as opposed to Tai-3 for starters is that Tai-3 experienced up to 6 times elevated helium shows in just Lower Karoo and basement targets compared to Itumbula which demonstrated OVER 20 times elevated helium shows in not just Lower Karoo and basement, but the Lake beds formation and Red Sandstone group.
Also note the word consistently was used which wasn't at Tai-3 :-
"Elevated helium shows, over twenty times above background, have been consistently measured"
Secondly, they state they encountered frequency and concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and
concentration across all encountered zones at Itumbula as opposed to Tai-3 where they say they encountered increase in frequency and concentration at depth. So straight away it sounds to be like it could be much more highly charged than Tai-3.
Thirdly, we know of the problems they encountered with drilling there which has led us to here, and today's RNS reads that everything went to plan, no issues were reported.
Whereas at Tai-3, they encountered a fracture while drilling into the basement, with losses of drilling mud etc etc.
Fourth, they encountered this at Itumbula :-
"An increase in temperature was also recorded which suggests the movement of deeply sourced fluids migrating along the fault, which is likely liberating the helium." .....which wasn't the case at Tai-3.
And fifth but most importantly this :-
"In addition to helium, the well has encountered a high concentration of hydrogen in the Lake Beds Formation over a 6m interval. Hydrogen shows continued to be encountered throughout the Karoo section and into Basement."..... again nothing like this at Tai-3.
So today's significant update is quite literally a game changer and why I expect results from this well to blow the doors off. And don't forget Lorna said in the interview today that the over 20 times shows will be diluted through the mud shows so the wireline logging is likely to show the figure to be way above 20 times.
This therefore would imo confirm Itumbula to be commercially significant on a global scale"....
For anyone who missed it:
https://www.youtube.com/watch?v=iBq5POzMVbE&t=17s
GG. We will know a lot more when they have finished the testing. People will say a lot of different things but the fact is, if this is a major discovery it is likely to be taken out unless there is a partner waiting in the wings. And anyone buying in now will make a very substantial profit. I had to bite the bullet at the last raise but I bought another 1.65m shares, which isn't a lot in the grand scheme of things. I lost about the same as you on paper, painful but it is only figures on a screen! But I have faith the helium is there in substantial quantities and hydrogen discovery endorses this. I may be wrong but I may make a lot of money as well. I made £92k in one day on Rockhopper after buying around 30p before the hit oil. It carried on going up and I sold at over £3.50. I reckon this is bigger. That's my opinion of course and this RNS supports the possibility.
GoldGirl. People have been saying for the past couple of years a discovery could be worth well over 1bn. They need a partner to share the load but even so the sp could surprise many of us. And the hydrogen is a superb bonus if it turns out to be as good as they hint at in the RNS. Hydrogen is worth a lot.
“The amount of hydrogen generated by the continental crust over the last one billion years could power society’s energy needs for more than 100,000 years,” says Ballentine.
https://www.artsci.utoronto.ca/news/new-method-locate-hidden-helium-gas-fields-could-avert-global-supply-crisis#:~:text=By%20factoring%20in%20the%20presence
Thanks for that link VisitTimor. This could turn out to an excellent discovery.
“The amount of hydrogen generated by the continental crust over the last one billion years could power society’s energy needs for more than 100,000 years,” says Ballentine.
Sherwood Lollar adds, “Much of this hydrogen has escaped, been chemically reacted or used up by subsurface microbes — but we know from studying the gas in deep locations in the subsurface around the world that some of this hydrogen is indeed stored underground in significant quantities.”
What is the cash situation, anyone know? And what are the plans on a good result? This is crucial as any good news to come could be accompanied by another placing at another huge discount to the sp. Not being negative or positive, just cautious. I don't believe a placing will be as low as the previous one.
Hi skittish, are you suggesting we will be having a tie up in some way with Tullow? Farm in possibly?
(This thread is full of people taking swipes at each other so interesting posts are like finding a needle in a haystack.)
Old ties can be strong and Tullow could be just what we need to help us on the way and give the sp a rocket.
GoldGirl. Mkt cap is about £50m and we will soon know the worth of any discovery if that is what we have, that will determine the proper share price rather than anything else. Lorna's remarks have shown us she is delighted at how things are panning out and this tells me she knows a lot more than she is letting on as nothing is rubber stamped yet. And so the sp should keep climbing as the penny drops.
The tweet today was another bonus clue.
'Our #HE1 CEO, Lorna Blaisse, recently attended the
@gasworld
Helium Super Summit conference to engage with leading #helium industry stakeholders'.
This was not just a social get together!
https://twitter.com/Heliumone1/status/1722193594793295970?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
It will go past 6p once people have listened again and realise the lab will be getting duplicate samples to the ones the company will have examined, possibly by sometime next week. A discovery is not a technical discovery until it has been rubber stamped. But it is still a discovery.
Lab confirmation will be for independently verifying, 'rubber stamping' the helium as a discovery. Industry insiders will see the in country results, and it seems Lorna knows some important ones, and make up their own minds.
Wait until next week when Lorna says we should have some preliminary results. We know what there is, some people sell on sells, some on fear - someone sold less than £3 worth! Traders don't even make much on days like this unless they bought first thing which most didn't. Sometimes, it is best to make an investment decision and leave it be. Lorna seems pleased with how things are gong, that is a giveaway.