Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Even though I think Louise’s is a pest, unfortunately I think he might be right about PRD not testing in Morocco.
For some reason, PG does not want to test, and the excuses are becoming a bit of a joke.
If we are to believe the latest clap trap, then this means that there was a fundamental change in strategy between 5 October and no later then 16 October because at 5 October, commercial decision was to test Mou 3 with the assumption that the testing gear was all lined up to go.
Then, in the space of 10 days, this all changed?
The other and more plausible explanation is that PG deliberately lied in that 5 October RNS and testing was never going to happen.
Straight out of the Lifestyle company handbook.
I have been caught in the past by James Parsons at Sound, Martin Hull at Echo and now it seems by PG as well.
When will I learn??
I totally agree with you Ranger and it looks like the pittance they received from Interoil is to cover redundancy costs and I suspect the one of the issues they are having with the auditors is a going concern issue after pulling the wool over their eyes last year where they stated in the accounts that the £600k or so raised was for some kind of green investment when the money was being spent on salaries. Someone needs to bring these fraudsters to account.
Abzzba, does this sale represent all the producing assets that the company has in Argentina, subject to the 5% being withheld, or does the company have anything else?
Also, I assume the RNS is poorly worded as selling 65% of their 70% interest would mean selling 45.5% and this still retaining 35%, ie 24.5%.
Anybody going to the AGM?