Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Can the KRG make the case that Baghdad owes them $15b on account of blocking the oil? SOMO may have the right to sell the oil but it's still Kurd oil and so has to be accounted for.
Lots of diplomatic activity going on with Kurdistan, US and Turkey. With plenty of supporting statements for the region. Wonder who these statements are meant for? Is it possible that the thought of aligning Kurdistan with Turkey rather than Baghdad is being tabled?
Or imagine if buyback is £25m?
Current Shorts are running at 2%. Imagine if GKP announced a £10m buyback. Easy to achieve if making 48m. Shorts would have to close pretty sharpish, no?
In order to short at these levels you need to borrow enough stock to do it. So the question is who would lend their stock knowing that the shorter will reduce the value of their primary holding. Once the shorter has driven down the price they will try to buy back into the market at a lower price just before they hand it back to the original owner.
Another scenario would be that the primary owner and shorter are linked. But again the why would a primary owner drive down the sp. Only makes sense if have no intention of selling but want to accumulate more at lower prices.
PUTUP's agenda is clear. He repeatedly claims GKP is worth much less than the sp but also claims to be holder. If he was genuine he would have sold a long time ago.
Surrey - thought you had left GKP. Blast from the past! Yes, PUTUP's agenda is clear. News wise this is showing all the right signs. Sub 100 is looking like a good time to buy,
Agreed. However, the MMs would only drop the price like this if a big sell order had been placed. It could be for all sorts of reasons but must have thought today was the best day to dump. Perhaps they are disappointed that they haven't managed to sell into a rise.
This level of selling makes little sense. There were 40 other interested parties and imagine some of them may have loaded up here expecting to get the deal. On the news they may have decided to sell up on a high volume day.
Nice interview with the CEO. Very clear message on contract sanctity which sounds like it's very close. Also let slip that GKP has already ramped up production over 33kbpd.
After Saddam was deposed Iraq became a Nato partner. Remember Saddam gassed the Kurds
Didn't say member. Said part of. Partner means part of.
Https://www.nato.int/cps/en/natohq/topics_88247.htm#:~:text=In%202011%2C%20NATO%20agreed%20to,political%20dialogue%20and%20tailored%20cooperation.
Check Nato website. Iraq has partner status
US and UN donate billions each year to Iraq. Also Iraq is part of NATO. So there are many levers US can use to influence decisions without making direct loans. Also Iraq is making billions from high oil prices. They are not short of cash.
On what basis can Baghdad block the start of the oil. In April they stated jointly with KRG that they had instructed Turkey to let the oil flow. Now Turkey has said they are ready. Running out of excuses.
Find AKIPUR's stance on being fully paid and bit odd and very bold given the politics in Iraq. They must have the backing of a big player to make such statements. There has been a lot of US diplomacy in the region in last few days. US is dead keen on oil flowing in order to reduce inflation. Guess is that US diplomats have given a strong message here. Would also explain why Turkey NATO felt bold enough to bomb northern Iraq.
Volatility in GKP SP is really something to behold.
Baghdad and KRG have a image problem. Investors stay clear of the region due to issues of payment and corruption. Best way to deal with this will be to pay all the IOCs in full.
Buying for the long term so not worried about volatility.