Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
>1bn shares traded, a very recent broker note with a target share price of >1.5p - what’s there not to like
Haha elegance, it will all bottom down to what’s in the agreement. What constitutes an ambitious work programme in Roland’s book.
Let’s also not forget that Panmure Gordon has had 7 months or so to line up some institutional investors. One would hope were due an update on this as well, in addition to JV conclusion. Surely a signed JV should help making these investors, that often are risk averse, more willing to get involved with 30+ wells likely to be drilled over the years to come.
Agree c2, that’s certainly my take as well. Just need all signatories tracked down and get it over the line.
As someone mentioned the other day, it would be great if new partner has their own rig that can be deployed. It would save a lot £s and allow more freedom time wise. Obviously with all licenses in place, core site infrastructure there are a lot past effort/costs put in place new partner will benefit from (including licenses, FDP approval, proven methodology..)
We know Roland was hopeful for getting new partner to fund initial two wells/fracks. I’d say, achieving that provides the pathway needed to realise the potential of the field (self-funding after two wells).
Getting that or anything above would be stellar. We know Roland did mention a cash payment as well, which would be ace, however small. 10m usd per well/frack.
Gordon, you asked for 10% up today, and so it was. Can you add a few more percentages for tomorrow/Friday please..
Must admit I’d much prefer a well-formulated rns before end of week, instead of a rushed one that’s not well thought through.
I wasn’t questioning it Art, I do however hope it will be exactly that.
Thanks elegance.
It better be a cracking one Sausage
Zag, it says towards bottom “before next AGM”..
The last AGM was on 15th November 2023.
Nice to finish the day in double digits
Agree we really do want some news next week, even if only a confirmation that solid progress is being made and everything is on track. Hopefully conclusion is not far off now.
Childhood memories there Gordon, some fellow Nordic brethren. They’re actually playing in Oslo this summer believe it or not.
Up a solid 15% on the week - not shabby! Let’s see what next will bring, fingers crossed.
Suspect a few delayed trade postings to come through still. What a grand day. Will it continue tomorrow? Fingers crossed
Squeaky bum time around the corner?!