Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I dont think JP fully appreciates what he has done here. Because of his hype, with him being a Charetered Accountant I believe, which gives him a level of credence that in hindsight he doesn’t deserve, people have put their life savings into this.
I think he is of the mindset now that he can now just walk away with the defence that “you shouldn’t invest what you cannot afford to lose” absolving him in his mind of any responsibility.
If this deal involves anything to do with his Italian mate, then I am going to explore the possibility of pursuing JP personally for the losses incurred as a result of his behaviour.
As I said earlier, I think we should demand full disclosure of the offers (leaving the actual company name out) to determine as to whether this is the best deal.
Is this the best Rotchilds could do?
Testpack3, I am not saying he is a success. All I am saying is that we do not know at this stage is that we do not know.
In the unlikely scenario that he manages Jez’s £1 LE, then I would suggest that from where we are now, that could be deemed a success.
Mind you, I don’t think that we will get that, given that he was selling shares at 40p and below, so it looks likely that he will fail, but we are not there yet.
Wh0sthedaddy, surely your question about premiums paid over current share price is only relevant if the company is being sold. Are we not just selling an asset in which case it is the value of the asset, not the share price that is relevant.
Wh0sthedaddy, surely your question about premiums paid over current share price is only relevant if the company is being sold. Are we not just selling an asset in which case it is the value of the asset, not the share price that is relevant.
Longwait, below is a comment I posted to Crude after I had spoken to JJ last year:
Crude,i have spoken to JJ who about the £1.50 per 1TCF debacle and he confirmed that the £1.50 per 1 TCF is 1TCF to sound and therefore the TE5 Horst has to be discounted by 47.5%.
I calculated the figure there and then and when I told him that this equals 23p for the TE5 Horst the said that seems about right.