Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And pinocchio abut your financial figures. Your nose must be huge by now.
CLON have just tweeted a link to an interesting article on lithium in South America. Th Chilean company SQM quoted in it say that they are planning a new form of lithium extraction that may do away with the ponds altogether - does anyone else think that this might be ours? Very exciting if it is.
https://twitter.com/ClontarfEnergy/status/1668245297313579011
It's funny that whenever you are challenged on any of your nonsense claims you always refuse to show how you worked them out. It's because you didn't work them out, you just made them up. Like I said before, you clearly have no idea how to read accounts. Show your figures of stop talking rubbish.
N1shares, I think that HITS got the reason behind this spot on in his post on June 7th. To paraphrase him, it looks like Angus have some short-term cashflow issues with approx £4.1 million of loans being due for repayment imminently, and it does not appear that they will have the cash to cover this at the moment. However, with the revenue from Saltfleetby coming in on a daily basis they should be able to refinance this pretty quickly and cheaply. Once this refinancing is announced I expect it will remove one of the concerns the market has about the company and the share price will bounce up as the forward projections for cash look very healthy.. But that is just my opinion.
Quiet trading day here by normal standards.
I imagine it is just professional courtesy and they are simply helping out a fellow gas operator when it cost them nothing to do so. It builds goodwill with others and means that when Angus need a favour themselves others will be willing to help them out too. They probably didn't mention the name of the other operators simply because it is not their business to say what tests others are carrying out on their own equipment.
Flashgarden, it looks like your reading of accounts is still as terrible as ever as your claims about Andrea's salary don't add up. Give us all a laugh and share your workings.
Well it makes sense that the company are now replacing the production assets in Congo with production assets in the USA. I thought it was a sensible move before I knew about the Tunisia situation and I think it is even more sensible now. At least we know that doing business in the USA will not be subject to the same governmental issues that seem to pop up time and again in Africa.
Can somebody give me a link to the update, I cannot find it on the website. Thanks.
What are the tax advantages?
Finishing flat would show that the issues with Zenith were already priced in by the market would it not? Not an oh dear moment at all.
WG818, thanks for the response. It makes sense. Debts are debts however they are incurred. However, as I said to HITS it should not take a financial genius to refinance them with the current income stream, just sensible and prudent management.
HITS - I think that you are right when you say that the catch-up repayments for the missed hedge and the bridging loan are probably the issue for the company share-price at the moment. We have been looking for an explanation of the poor share-price performance and this seems like the most concrete reason for it so far. As you point out it is more of a cash-flow issue than a profitability issue and should be able to be refinanced at terms that are not too onerous considering the current production revenue. However, it does need sensible management . Some clarity on this would be welcomed. I will put a question up about this on the Angus Q&A section of the website and see what response we get at the end of the month.
They only have one ongoing legal case at the moment don't they? The one against the SNP in France. There has been no update on that in some time. I assume it is ongoing but this is a question that the company needs to answer.
HITS , sorry to bombard you with questions, but is WG818 correct that the company has missed the hedges in Jan March and April. How far are they behind, how much do they cost, and can they be made up with additional supplies now? Or is all of this just information that is not public knowledge?
First google search of companies winning arbitrations against countries comes up with this https://www.reuters.com/article/india-vodafone-group-arbitration-idUSL3N2GM29X and they still appear to operate in India.
Flushgarden, it's not that I can't read, it is just that you contradict yourself in every post as well as being financially illiterate. You do realise that there are more costs involved in closing deals than just the COE's salary don't you? The only consistent thing is that you talk complete nonsense, and seem to have a grudge against Andrea that you can never give up. Give it up kid, you are just embarrassing yourself. here.
Oh, the hedge. From memory isn't this around the lowest price on the hedge. I thought that it went up from here? HITS can you clarify?
Remind me again, what is swap2?
So you continue with your claims that all the company expenses go into the Congo budget, despite denying it in the same sentence. You do realise that Andrea is paid the same whether he is in the Congo or not in the Congo. Also that it is possible that he could be in the Congo and also be working on other projects. Just like when he is in Canada he can be working on other projects. Your lack of understanding about finance is laughable.