Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"I was RIGHT, it's not open to debate"
You were wrong, and deliberately so. You posted over and over again that there was no free flowing gas, based on your claims to technical expertise, despite the previous announcements pointing to free flowing gas, which is now confirmed. You were completely wrong.
I do of course agree about the rampers, as well as the re-rampers, no time for them at all.
"I have explained the sp drop to you as succinctly as possible"
No, you've given a false explanation. The SP has dropped because of sell on news, and because waiting is required, and further development work, which will cost time and money. All of this we knew. It has not dropped because of the flow rate or purity/concentration, which is world class in commercial terms.
"GGE are looking at increasing the flow-rate to 5mmcf/day"
Yes, 5mmcf at less than 1% helium, and HE1 already have five times the concentration, so if their re-entry work has even half the increase of what GGE are hoping to achieve they will be flying
Yes, we know this, read the investor presentations, it's all set out there. The development proposal would be to build a gas processing plan (purification and liquification) in Rukwa with collection from multiple wells. They are already in talks with potential suppliers. Capex estimates are in the presentation.
You're completely wrong and clearly have no idea what you're talking about. Even the preliminary flow rate of pure gas at those helium concentrations is commercially huge, way more than anything drilled in the US
As we've said many times, there won't be a JV until there is a comprehensive appraisal of the asset, after the EWT and any associated field testing. Partners like that don't speculate. They also don't buy second hand shares on the open market, so there won't be T-1s. That's no use at all to HE1 as they wouldn't get a penny from it. Strategic partners would get newly issued shares in exchange for capital, or they would get a percentage return against futures sales, or both etc.
Yes, entirely as expected, hugely encouraged by confirmation of free flowing gas (not brine solution) at commercial rates. Will need an EWT and further exploration exactly as outlined in LB's interview. And work in Q4 will need financing of course. We all knew this. They will be working on different finance scenarios. It's great news.
Here is an extract from GEE's market news in the USA...
"This well re-entry program produced a peak flow rate of 0.95mmcfd at grades trending upwards from .78% helium - numbers which would be commercially viable - and largely better than the USA’s largest helium field at Doe Canyon next door."
Commercially viable at 0.95mmcfd with 0.78% helium.
HE1 already has 0.5mmcfd with 4.7% helium... and that's before any re-entry programme
It's huge
It's exactly what was expected and what Lorna outlined in the interview. There are commercial levels of high grade helium and hydrogen flowing freely to surface. They will now move on to the appraisal and development phase. It's brilliant, from the investment perspective, why would anyone be expecting different, other than because of nonsense put about by board rampers.
“U can bet that spreadex will sell as soon as it gets to anywhere near rate pre placing/news…”
It’s not Spreadex buying directly, as with other brokers it’s their retail clients placing bets. The fact that it’s a significant volime is something to be aware of if you’re holding.
https://www.spreadex.com/financials/markets/shares/
"HOW HARD CAN IT BE TO DRILL FIR OIL ONSHORE ?"
It's a high risk reward business, same story in every O&G exploration company on AIM. I give you a few million in the hope of a maybe 1 in 4 or 5 chance that you get lucky first time, then you come back to fund the other 3-4 attempts. Every drill company on AIM is like this, unless they get lucky. They only list on AIM because they can't secure finance anywhere else, that's what AIM is for.