Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hamm - I don't think you have a right to complain now, having spouted nonsense such as this for the past however many months:
"Amazing opportunity which should not be missed guys.
Nayers claim MATD fails but still here!
Massive rerate not far away."
I must admit, I'm surprised MB released the ops update today. You'd have thought as it's bad news he'd wait until the AGM to a) not allow people enough time to think up and bombard him with questions pre AGM and b) attempt to smooth things over and calm investor nerves verbally.
"Nothing is connected to the elections"
MATD are clearly concerned it might, hence them explicitly mentioning it.
Re a raise, it is feasible they'll arrange something exclusively with the likes of a Petrovis, completely excluding the ordinary PI. Remember, out of $6m previously raised, PI's only got $0.5m, IIRC.
Biggest concern for me in today’s RNS (and there are a few) is talking of potential legal recourse if central government don’t play ball. That’s a huge statement to make, especially to the MG, and the first time in my time here that anything like that has being mentioned. It also shows that MATD are concerned no matter what they do, there’s always another hurdle to jump.
As usual, no humility from WOS for getting it catastrophically wrong and criticising those who weren’t so positive.
My thoughts on where we go from here? I don’t expect anything now until after the elections, which MB seems to be warning us of with this:
“However, with 2024 parliamentary elections looming and central government moving slowly…”
If this is the case, a raise is surely on the cards but it sends a shiver down my spine to think at what price. The previous raise was done with the SP at 5p+ and lots of positive sentiment.
It’s even worse than I was expecting, I’m sad to say. And for us to be mentioning legal recourse, that’s a big concern as even MATD themselves must be concerned.
I expect 2.5p today. A raise can’t be far off but how? The SP isn’t 5p like last time.
So nothing has been signed, we are still in discussions with PC, the provincial governor continues to frustrate, the herders still haven’t got their compensation and we’re even now looking at the potential for legal recourse against central government.
Come on WOS, spin this one.
WOS - pull the other one. Every time someone posts anything remotely negative, or even balanced, you come back at them with a subtle but personal jibe.
And the AGM is Tuesday. So we should now get an operational update within the next 3 working days… Friday, Monday or Tuesday?
“WoS tripe is in your opinion .
Without any doubt he's over the Top but the personal attack he received is sick”
Yes, again and it’s a chat board where we share opinions. Your point is?
And sick? You’ve clearly not been here long. When he’s followed you over to other boards to sl.ag you off, you might change your opinion!
Proph - they might not have all been reported yet. There were 3x exactly £20k sells, which would say to me they are the same seller drip feeding their order into the market so as to not complete decimate the SP.
As we keep saying, we'll know very soon because there will be an Operational update at or just prior to the AGM. Last year it was the day before, so perhaps as soon as Monday. Or maybe Friday if it's really not good news!
I'd suggest there is either a big seller behind the scenes, or there is indeed a leak of some sorts that the message at the AGM/Ops update will not be as WOS suggests. This seems more than just daily market movements.
SP was 5p when AGM announced last year. It dropped to sub 3p by the time of the AGM and operational update where this was said:
"The Mongolian government's process to certify Petro Matad's Block XX Exploitation Licence area as special purpose land is progressing although more slowly than the Company was initially advised. We continue to press for rapid action at all levels and this remains our number one priority"
Sound familiar? We might be getting something similar next week.
SP bo11ocking lower now. Maybe the AGM scriptwriter has leaked a few details, and that we're not getting all of the following:
"Header say ALL & reason of troll activity INCREASE I think - many will tell other to sell while they look to BUY before RNS!
If we ignore all this rubbish talk and focus on INTEL we see clear msg about
- March 22nd "Land SOLD to Petro Matad"
- Day before (March 21st) 132 Tonnes fuel 'aid gift' to Matad Sum.
- March 1st RNS Agreement reach.
We understand Mata Sum have only around 2,500 population so paperwork not 'lost' somewhere - Also argument for if Agreement ALREADY RNS then physical document does not need to be (like Finance Ministry cash transfer did NOT get RNS like 'BB experts' say must happen!)
We will get FULL OPERATIONAL RNS ➡️ Production / Revenue within next 5 working days - BUY or Not!
* Seperate - "Because of Mongolia's close ties with China's economy, Asian regional integration will create many new Opportunities for Mongolia's Economy" - Frederic Newman, Chief Economist of HSBC Bank - We already discuss major Inward investment for Renewable project expected FROM China & SunSteppe Energy Export TO China.
Will be lot more in Energy sector and why we see DQE "Unsolicited Approach" to Petro Matad for JV partnership (expect News on this soon also).
*Mr David Cameron, Minister of Foreign Affairs & Development visit Mongolia Thur-Friday for high level talks.
Many clever one will look last BB troll games and see what really happening for Petro Matad development & strong position it create in Domestic Energy space for Major Growth / Shareholder Value.
OPPPRTUNITY is to get in at point just before this take off which is NOW!
Be Wise, focus on INVESTMENT and make own decision base on this (not Troll sillliness on BB).
🦉