Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It looks like....someone has missed out on placing....and they are BUYING in open market....
mm's willing to take large sells at decent price...and filling BUY orders...seen several 5M 10M few 20M and atleast one 30M
looking good
Another +ve thing if you want to call it +ve...
Its very very hard to raise money these days on AIM....comapnies are struggling like anything....no-one wants to lend money out or risk leading a placing...here at beacon....£4.3m was over subscribed in about 3/4 hrs....ii's ( the ones who will be holding on, most likelt tr1 to come from them soon ) must be very very confident of high returns
Its my guess ..fwd selling if indeed fwd selling took place....started straight away after mondays rns....they must have knew about the placing....hence presentation with rns ( that was a 1st for me )......on that day alone...we had 900m on volumes front..the day after we touched 400m....they way they dropped the price from 0.27-0.18 was suspcious....like i say....if some of these big boys wanted out....imo they would already be out.....maybe thats the reason...why today has been somewhat +ve ...
only my thoughts/opinions could be miles out....
Even though this placing sucks for us holders...who are down over the last few wks.....but it looks like....
Now that doubts have been removed and placing has been oversubscribed fully funded till production...m/c feels confident....
Someone...missed out on the placing....and is HAPPY buying in 10M BLOCKS....whetaher its 0.15 0.16 0.17....its all cheap....compared where we will be once 900bopd starts to PUMP out in few weeks time......
HAPPY DAYS!!!
"bringing a number of new high quality institutional investors onto the shareholder register "
Looks like...TULIP OIL most likely have increased their holdings...albeit being diluted at same time........new ii's on shareholder register...someone somewhere feels confident at ( MATES RATE )
Zendor when one invests in a company....that company belongs to them partially ...so if one is not happy with the way things are run... rather than throwing tantrums on social media one should let the Bod know of their thoughts directly...not that it makes much difference to most of them ceo's etc....but just to make one feel at ease little bit....
Ianjan....i also never took part in current placing....bottom line is i have no further funds available...yes i have lost faith in Bod....for misleading us....not once twice.....but thrice in short space of time.....having said this.....its not about me or you trusting the bod....AIM is crupt as anything...there are too many players in the back ground.....who would have taken a position in this some would have even fwd sold.....watch them same ppl...promoting this to nxt level now...to be fair....it wouldnt surprise me after initial fall this ended up massively BLUE tomorrow ( not that i am counting on it )
I always try to be +ve on social media.....no energy to be -ve.....
Now that this placing is out of the way....and funds good as in the bag.....crucially many having bought back in at 0.15 or will be buying on the drop tomorrow....looks like this will re-rate to decent levels.....say with 15BILLION shares in issue....at 0.5p m/c would be £75m possibly lot more imo easily acieveable with funds in the bag and production of 900bopd to commnce shortly......yes some will trade....like they have been gl to them...i still feel investors who hold med/longterm will benefit the most
They say never fall in love with a share...i tend to do it alot..even if i have doubts i put them aside...and somehow believe all is going to be well
After promoting this share for weeks....mondays rns was a downer for me...i never sold a bean on the up...or on the way down if anything i bought more on the way down at 0.205..still hold all..i had my doubts re-placing...but i kept believing like many others that it wont happen.....i try not to trade...rather INVEST...its hard to let go
after mondays rns....i did email the company ( larry ) and shared my frustration see below
"Morning Larry Bottomley,
I would like to express how disappointed i am along with many other shareholders high stake retail shareholders. SCHB2 drilled started on June 19th we was told it was going to be 25 day drill + 12 days for testing = 37 days.
Delays can be expected its normal, my concern is why you didnt carry out 12 day testing straight after, you guys didnt even have the audacity to state in rns on 18th of Aug that there will be no 12 day testing, you kept us retail investors believing 12 day testing was still on, in that rns on 18th of Aug you said we will be going in production within a month, yet you havent even cleaned the well in almost 4 weeks since. Like i have said delays us investors can live with, but being mislead is unforgivable. Now many on social media are saying you have ran out of funds and that you will be doing a fund raise, i normally dont care what is said on social media or what rumours are spread but in this instance the way the Bod has acted ( dishonestly ) it seems like something is going on in the background, you guys have been saying we will be self-funded in many interviews/rns's i hope you stick by this and dont go and backstab loyal shareholders again and do discounted placing, if you do i believe this will kill this share trust will be lost and then no matter how good beacon energy becomes in the future you will have lost many decent high stake retail investors for good which might mean beacon energy never recovers to its full potential on shareprice front, faith in bod will have been lost forever, i will be one of those who will desert beacon energy for good.
You could have easily stated in last rns that we are fully funded until full production starts in few weeks time, you could still easily put a tweet out stating we are fully funded, atleast this way all doubts will be squashed and retail investors will stop panicking if you dont let us know then that will only mean drift in shareprice as many leave with doubts in their heads.
If nothing else i genuinely hope you reply to this email and lay my concerns to rest.
Thank you "
even though i had my doubts i was hoping in back of my mind..i get an email back from larry rubbishing these claims re-placing/funds..which never came ( red flag )
Going fwd i think this is a GREAT opportunity/company at current levels
BUT question is can the Bod be trusts
I do understand the confusion this has created....imo words in rns could have been worded better
operated cash flow = Operating Cash Flow (OCF) = Cash Revenue – Operating Expenses Paid in Cash.
larry used the term FCF in the presentation FCF = FREE CASH FLOW
Free cash flow = Free Cash Flow (FCF) = Cash from Operations (CFO) – Capex.
Give away for me is .... larry has been saying in pre-drill interviews of net profit of $55/bopd do the maths...
Bottom FEEDERS are filling their boots
We already have seen what this could do
Once 900bopd's start to roll in
PROFITS in excess of $20m/yr is no small feat..and thats from just one WELL ... 2 further WELLS are planned...most likely FAST TRACKED now...
HAPPY DAYS!!
Smiler LOL....theres 2 of us alright....when u PROMTE a share its never easy...especially with me...as i do nights....yesterdays rns alongside bashers/derampers....have taken the fizz out of me and the rise.....good thing is.....its still happening....900bopd is 50% higher than pre-drill estimates...as is 5.8m reserves....
What the trolls have done...is given folks like us to BUY even more at crazily low prices....lets see where we are at CHRISTMAS...my guess well over 0.50 hopefully lot closer to 1p mark....
i just get my head around... $18m/yr profit m/c only £18m.....
We are still over 100% BLUE since SCHB2 hit TD and we were told of reserves INCREASING and QUALITY being better than re-drill estimates...
What yesterdays rns has done is.....let those who sold all the way upto 0.27 back in on the cheap....this could have easily gone the other way....had they said...900bopd PRODUCTION has started....which now will happen sometime late oct starting of NOV....delay is a delay...market hates delay......to top it of....many are having doubts re-funds...rightly so imo....
Folks need to look at bigger picture....if u a are trading and losing then take it as just a red/black bet u are losing/lost....if you are investor and holding then nothing has changed...if anything over last 6 or so wks....you are 100%+ in BLUE...
Once in FULL PRODUCTION new All TIme Highs will be HIT and SMASHED....just look at current m/c....£18m......production from schb2 alone will be giving as $18m profit/yr...so its fair to say...currently these are give away prices at 0.18...
Only thing that can hold this back short-term is if they raise funds...which imo they shouldn't as they have been stating self-funding many times over last few wks/mths....having said this...we know AIM is corrupt as anything ...anything is possible....once TRUST is lost in bod....its hard to WIN it back....
For now dont look at -50% since yesterday...look at +100% since mid-AUG...
HAPPY DAYS!!!
I have already ADDED yesterday after the drop...havent sold anything...since posting ...
Many have traded this and will carry on to trade...gl to them....
Shareprice will react to news/rns....some have been put off by yesterdays rns.....its only matter of time be4 we start going up again...
this share will be volatile both ways up and down....as traders play their games....in end i guess real monies will be made by investors who hold onto their GOLDEN TICKETS...as we expand drilling campaign
HAPPY DAYS
GreyPanther i have just tweeted the company on your behalf....they most probably bin it....but you never know....
"You guys were quick to put rns out when shareprice went up by +20% "reason for rise"....maybe you should put another rns out "reason for fall" -27% clarifying we have enough funds until production from schb2 or atleast a tweet
@BeaconEnergyPlc "
Its been said in interviews....drill costs are around $4m/$5m = £3.2m/£4m...when [alcing was done...few mths back....we raised £6m...all of that money was suppose to be used on GROUND ( mentioned in interviews )..on top of that we have been producing 50bopd = $80k/mth.....basically if my calculations are correct we had £2.5m to spare....
Now dont forget...
"Due to the rig having commitments elsewhere, it has now been released, with Beacon finishing clean-up on a rig-less basis. This is ongoing at restricted rates of around 150 bbls/d, before a rod pump can be installed over the coming weeks to allow for a full clean up at rates up to c.250 bbls/d. Once all drilling fluids etc have been recovered, an electrical submersible pump can be installed and production ramped up to the expected commercial rate in excess of 900 bopd. "
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://beaconenergyplc.com/media/1141/schwarzbach-2-2-update-research-note.pdf
we are producing 150bopd from schb2 ...which adds $250k/mth to pot from now in....
monies wise we should be alright just about i think....but on AIM as we know anything is possible...
One thing i would like to clarify....if anyone is having doubts re-funds.....60% of shares are held by insiders...out of which 11% by directors.....my guess is...even if were to fall short.....tulip oil most probably lend us few $'s until PRODUCTION picks up.....
Above mentioned is my own opinion only...one should do their own research...