Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's interesting that the people who seem to hate electric cars are the ones who do not own them. Everybody I know who has an eclectic car loves it and would never move back, especially those who bought Teslas. You may like it or you may hate it but electric cars are the future. There were many people in the early 20th Century who said that ICE cars would never replace horses. There seem to be a few of their decedents on this board.
You are entitled to your opinion, but since the share price was around 4p and the company had no money when he arrived, it clearly isn't true.
a big thank-you from me to georg lucan for everything he has done for angus energy. he came in at a point in time where paul vonk had just failed with the brockham well and took over the stewardship of a company that was completely on its **** with and no assets to speak of. in 4 years has completely turned the company around.
he stewarded the company in its acquisition of saltfleetby and managed to finance the complete rehabilitation of the site to make angus the largest onshore gas producer in the uk and he leaves the company in a much better state than he found it, with what looks like a very bright future ahead.
sure he made some mistakes along the way, but the success that he has delivered to all of us at saltfleetby outweighs this by a great deal in my opinion. thanks for everything george, and good luck with whatever you do in the future.
Aren't these two payments the obvious reason why Angus need the £6 million bridging loan?
Positive general RNS but we are still waiting for meaningful updates on the ChemX technology.
That sounds exciting Sarah - I hope you are right. Obviously, you appreciate that I will take your info with a pinch of salt for the moment, but if you are proved correct on this then hopefully your husband's uncle will prove an invaluable source of information for us here in the future, should you wish to continue to share. Time will tell, but fingers crossed.
But HITS, you yourself have pointed out on many occasions that a new loan would be necessary simply due to the way the loan repayments are falling. It is not a question of Angus not being solvent for the money over the course of the year, it is simply that there is a large chunk due imminently. As we have both agreed in the past, the revenue over the course of the rest of the year, especially as we approach winter prices, will be more than enough to secure a £6 million loan now, most probably at far more reasonable terms than in the past. It is not letting the cat out of the bag at all as we all knew that this was the case.
It's important to consider another aspect related to the bank seizure. It wasn't simply a matter of Zenith approaching the bank and requesting the seizure of Etaps' money. The fact is, Zenith had to obtain a court order in order to proceed with the seizure. Therefore, Zenith has already convincingly proven to at least one court that they possess substantial and well-founded grounds. otherwise, the court would not have granted such an order.
So I guess that makes it about 80% fact.
If it is true that WG818 is trolling this board for a hobby, it is a pretty pathetic hobby to have. He must have lost an enormous amount of money on Angus back in the old days to still be doing it. Just saying.
Why do you think that Thursday is a day that we will be informed of anything?
It is not a fact as any court case or arbitration is not a fact until the judge rules. But since the Tunisian government have been preventing Zenith selling oil that was legally produced under their license and is therefore Zenith’s oil it is a pretty open and shut case. The fact that no win no fee lawyers are representing Zenith for this is good too as they only do this work if they think that they are more than 80% likely to win the case.
Excellent news. It looks like Zenith have already won the first round of the battle against the Tunisian government and this seizure of assets puts them in a very strong position for the upcoming arbitration. Hopefully there are more seizures on the way, but things are definitely looking good now.
Nothing wrong with having confidence in your investment.
Ajmalkhuram, that is a very good question but they won't answer it. I have asked the same question before and all that happens is that they and say that asking if they own shares in the company is a personal attack on them and then get abusive. I t is a waste of time, but I think it probably tells you everything that you need to know about their real motivations though.
It is silly to suggest that all Angus do is sit on Saltfleetby and drain it to the ground. All companies need to acquire new assets in order to continue to grow and deliver profits to shareholders and Angus are no different. Once they get the initial debt paid down at Saltfleetby they will be in a brilliant position for any small-cap company to utilise the cash-flow from Saltfleetby to and service debt that they then use to acquire and develop further assets. It does not really matter what these assets are as long as the management has the experience to develop them and they look like they can be profitable. If you don't grow you die. Good assets can also be found in the strangest places and for the strangest prices. After all Saltfleetby was dismissed for years as Poundland by many.
Joey has only been on this board for about a month, and when he first arrived he freely admitted that when he first arrived he had absolutely no idea about anything that Clontarf did. Yes, he has been loud and entertaining since then, but he is hardly the font of all knowledge on this share. The problem is, with the volume of shares traded here on a good day and the regular movements up and down on rumours, this is always going to be a bit of a paradise for the pump gangs.
Clontarf and Next ChemX are moving pretty quickly as far as developing new technology goes.. We cannot expect any significant news until the pilot plant is ready and the brines are there for testing. This is the key point when the technology will either be proved to work or not work. From everything we have been told and from the track record of the ChemX board and staff they know that it works in the lab and they are just waiting to test at scale but we will not know for 100% certain if this is industry-changing technology until this testing is done.
It’s the same old faces making the same old points, that the company has issued more shares over a decade. This is hardly a shock, that is what small cap companies do as they search out new assets. The US deal is a sensible one, it will pay for itself in a year and it is paid for half in shares. This is all sound dealmaking, but some on here will never be satisfied until Zenith is delisted and all because they lost money here at hyped prices in the past.
It seems that the old school haters and derampers are still out in force here. Why can you not let the past be in the past and look towards the future which is very bright?