Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On 5th October their RNS stressed the commercial need to well test in order to fix an offtake deal, even stating there had to be a Declaration of Commerciality. On 7th November the commercial preference is apparently to do the polar opposite. That’s some about-turn by any standards. I’m not sure it’s just PIs who are confused…
My interpretation of PG’s comment about the potential MOU was that nothing was imminent on that front and so he’d not bother testing until one is signed, “as soon as possible”. Can kicked down the road. Maybe having apparently spent £2M of ‘Moroccan’ money on T&T also had something to do with the decision.
That the majors (including partner Total)have ignored/rejected Orinduik, which was available from TLW for several years, and have preferred going for new blocks doesn’t strike me as a positive. I do hope ECO can eventually and successfully farm out to a decent operator, but won’t hold my breath.
Well, at least you and the rest of us won’t have long to find out. Speculation is by definition speculation. I’m not sure how value can be measured until Tuesday. Seems wildly optimistic on the face of it.
Thinking about Morocco being the land of the Fez, and PG seeming adept at frequently making stuff disappear or not turn out as intended, I’m getting an unwelcome image of him wearing one ala Tommy Cooper. A shrug of the shoulders, a shoot of the cuffs and a ‘Not like this, like that’ delivered with a chuckle to shareholders…
Michael Greco is a British actor (once of Eastenders).
In a ‘This is Money’ interview in March 22, to the question ‘Do you invest in the stock market?’, he replied:
‘No, but a few months ago I invested quite a lot – tens of thousands of pounds – in a company called Alpha Growth. It's an asset manager which is listed on the London Stock Exchange. I hope my shares in the business will be worth a lot of money in the future.’
Today’s announcement re opening stores in high-grade retail centres seems to run counter to also taking floor space in a mid-range supermarket alongside its own basic (and in my view horrible) low budget range . Sosandar was launched with a clear strategy of not owning bricks and mortar, but now the thinking seems all over the shop (pardon the pun).
Given the jangled nerves of some on here , I’m almost nervous to say I’m a new holder today. It’s about what appears to be in the ground, and so long as they can (ideally) get it out in due course - or flog the rights if necessary , that’ll do.