Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Officially confirmed by gas world on Twitter at 10:45 on Friday that David Michin will be a speaker at this summit.
https://gasworldconferences.com/conference/helium-summit-2021/
I assume that he is confident that he has something to present on ;-)
Looking really strong again, after the iceberg of 27 has broken. This could be close to the next leg forward into the early 30’s.
In theory the Red Sandstone gas show is highly likely to be our first discovery discount the lower depths and what we can expect to find their. I believe it is this that the market is attempting to price in.
This is all falling in line with my own personal expectations of the the announcement from the 12th July. Expecting TD to be reached during the later part of next week and an announcement similar to that of DME prior to casing and wireline logging. FOMO Friday and TA could see this hit the early 30’s today if recent momentum is anything to go by.
Interest close across the pond.
With the next 7 trading days culminating in the moment of truth.
Would this resemble a intraday bull flag from intraday low, as of Twitter update?
Canada is performing well and commercial production as early as next week, sentiment is swinging IMO
False spread and can sell in quantity, next run to challenge 28.5p about to commence IMO!
Similar price action to yesterday is highly probable. Currently able to buy at 26.374 and dropping, once supply has gone it’s in the interests of the market makers to create volatility/volume.
As of now it’s 26 v 27 or 5v4
Last night close 26 v 26.3 or 1v1
Majority of market makers have moved up the bid from 25 to 26 and away from offer from 26.5 to 27
UT closed above mid to 26.5 and Peel Hunt could lead the charge this morning IMO.
Looking at how the market makers are shifting up the bid and offer this morning by comparison to yesterday’s close. It’s not a common theme on no news and is predominantly due to such a strong auction last night. IMO we have major accumulation by high net worth individuals or an institution.
Still looking very strong
Three additional factors now worth bearing mind:
1. We now have a proven high re-charge helium basin
2. We should see a significant revision to basin P50 reserves based on inefficient but effective seals trapping helium
3. America’s National helium reserve reaches depletion in September this year which could cause significant publicity and increase money flow into the Plc’s
Perfect storm, not to mention that this is Primary helium
Hi Trek,
I am confused, If you have no cash to trade how can you then invest heavily if it drops?
I agree that in many instances, especially when it comes to high risk exploration, it is perfectly normal to see opinions change in line with an individuals book. This will include but is not limited to, reducing exposure prior to results and/or in the most blatant and disrespectful or cases, a significant change of tone on public forums. It only grates as it insults existing investors intelligence.
In all honesty, DM’s latest interview and stated hope that this first exploration well becomes our first discovery well must be based on the data he has seen to date. It would imply that the second gas show is likely to be presented as a discovery IMO.
Having benefited from first move advantage, the land grab to date and multiple identified prospects have now been further derisked due to the proven helium charge within the basin, and of course a better understanding of the geology.
We can also now consider that with an inefficient seal now being characterized as an effective seal in two instances, our COS has also increased significantly.
I totally agree that in the event that this well has to be abandoned due to technical issues (IMO, pure speculation at this stage and highly unlikely), a drop in the share price would be matched by willing buyers, many of which will be those that have derisked prior to results. Especially when this is the first of four wells and who is to say that drill bit will ever stop turning in the event of success. PANR fall from 35p to 18p and then rerating to 60p odd is a classic example. For an exploration play, it remains a well balanced risk v reward investment with plenty of scope to the upside.
Expect the ESG funds to flow at some point during the drilling campaign in the event of a confirmed discovery and then commercial milestone.
https://www.reuters.com/article/sponsored/esg-fad-or-future
With DM on the drill site, I see little reason for him to communicate with the Nomad/broker about progress to date until any data has been analyzed prior to notification (RNS).
Taking into consideration the last gas show that was known several days prior to its announcement as they were fishing and then sidetracking, it is evident that not all gas shows are announced in real time.
We are now drilling through vertically stacked targets, do you think he would want to announce multiple gas shows a day, every other day or concentrate on hitting a particular depth (700/900m) and then report?
While I realize he is not the driller, he is analyzing data in real time to allow him to consider his next drill target.
Chips are on table, you game!?!
Nice chart Josh, it was possible to sell lots of stock in large quantities throughout the day and including into close. Next week I would expect an RNS of some description, the next two weeks should be full of excitement. Can’t wait!
That’s Pollack’s first post. I have L2 and unless Pollack term of ‘big steady ’ refers to the £800 smaller trades that I am seeing, then I suppose it’s depends on the size of your pocket :-S
Based on what we know so far and assuming drilling is ongoing I expect the following:
End of day drill depth
23rd - 800m
30th - 1040m
4th - TD
9th - Wireline and sample attempt completed
Looking past the obvious overrun in the drilling schedule I believe it is due to this lead time that the demob of drilling to a new location is yet to be announced. With DM on site accessing the underlying data in real time, I think he will want to gain as much data as possible before making a decision on this.
In the interim we are drilling through what has been described as vertically stacked targets between 700m and 900m, and with the additional shows we have had to date via what has been described as an inefficient yet effective seal, god knows what else. For this reason rather than having to release multiple updates, it is my opinion that they will drill to 900m before casing and providing an update as soon as Monday but as late as Wednesday.
At this stage in the drilling program and due to the delays to date wild speculation and opinions such as mine will lead to everything being on the table. But what is clear is that I’d rather we drill a promising well slowly than a dry hole quickly.
All to play for still!
Looks like @shagged got the boner he was looking for, do not engage! He won’t be able to play!
Just to add, the previous $1.2m cost per well is so inexpensive in relation to current market cap, even if that number doubled for the first well on the basis of the encouraging and invaluable data they are gaining, I could more than live with that.