Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Northern. Your concerns are valid but I am still confident that both 36-2 and 16-2 will provide great income going forward and we will see improvement in the share price once the BOD secure the drill contract. I emailed CH last week re 16-2 and he expects to update us after the 36-2 drill program is finalised.
Hi fellow Long Term Holders. Happy New Year. I am sure that like me you are down on your investment but believe that this is a potentially great investment. The current quarter will prove whether our faith in the board (CH) is warranted. I believe it is. When you invest in oilers on AIM it’s fair to say that you expect disappointments. We have had our fair share but I believe that we can expect a significant uplift in the share price this quarter with all the news due.
Well done RB1. Great entry price. Two more large buys also showing so others confident. Todays news was a significant addition to future no risk income. We are now trading at huge discount and more non ops to come on line in January. Unfortunately the market for Junior Oil companies on AIM is unforgiving at the moment but once we have news on progression with 36 and 16 this will turn quickly.
Despite last RNS not giving 2 week production info on Slawson, disappointing the markets expectations, month end should see positive Slawson update. Company currently valued on non ops income only. No credit for Paradox potential. Annual gross income virtually equals current market cap. This will re rate hugely once we start 16 - 2 production early 2024 and again 36 - 2 late second quarter. That will attract investment and I expect farm out mid to late next year. I am well down but staying firm until real value achieved. Good luck all
Strong earnings projection fro non ops with Slawson adding value. Which pays for development of our main source of future income without the need to dilute. What’s no to like. At this price a bargain. Don’t forget it was 7p plus without Slawson and the insurance will pay for the re drill of 36.
Hi Northern. I think that the shareholders will be given additional details since the last RNS about the prospect of 16 - 2 production before the obvious delays to 36 - 2. I can’t make the webinar but I am sure the question will be asked. Still bullish here for a great 2024 albeit much later than we all expected.
And I have been saying it for years too Tom. We were wrong about the timing. The 36 - 2 incident couldn’t be predicted. But our Williston assets are supporting the development of Paradox so the outcome is just another delay. Detractors should get over it. I think that CH will now focus on 16- 2 which I accept should have been a priority before now. In the meantime Slawson will be producing before year end. I am circa 30% down on a sizeable portfolio and would much rather be up but this is the O & G industry and we know the risks. I will now buy to take advantage of weakness. GLA.