Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Lot of volatility in sp. Massive volumes yesterday. Much lower today but still more buys then sells reported. Institutions won't buy in until pipeline news is confirmed. So in the meantime shorters will play using bots to control the prices. Brave will buy in dips and some point there will he a squeeze.
Good post. So in simple terms GKP should keep all the 11m they are collecting monthly until the whole 151m is offset. It might not need balls as might already have been agreed.
Let's see.
Kirkuk oil pipeline is 950km long. Oil flows at rate of max 300km a day. So if testing flow has started oil will appear at Ceyhan in about a week at full flow. Hmm... tick follows tock.
Indeed. That suggests local demand is at 60kbpd :)
Not a lot of comment on this part of the RNS. Why would GKP be starting up wells if pipeline wasn't going to open.
Any nice to see the US folk contributing to the chat.
At 33kpd $30 pb and 36% no need to ramp. GKP get 11m cash a month. Will be a long wait to buy in at 75p
Point is GKP are in a strong negotiating position on KRG's non payment of 151m. They have broken every contract agreement they have made. GKP are quite entitlement to demand interest on non payment. Also for payables they can send locals to KRG to get paid. If GKP don't get paid why pay anyone else.
Testing only makes sense if you do it at full capacity, full pressure all the way to Turkey. So have to question what happens to all the oil delivered in Ceyhan. The writing is on the wall. Shorters have got it wrong and will have to close.
Ah don't recall that. I didn't filter you so maybe wires were crossed. Onwards.
Wise words. GKP will come good. And yes it was a clear strategy to put the company up for sale. Politics has got in the way. But as you say the fundamentals remain.
Of course. Quite a lot of shorts positioned around 75p. Must be desperate to get out now.
Good to hear PUTUP is so positive. Clearly others are buying so he will be in good company.
When the pipeline opens KRG will pay 151m. GKP's cash balance will be over 230m. Plenty of cash to pay dividend and invest in FDP. Next target 80kbpd. Highly target rich M&A proposition if politics are tamed. Place your bets.
KRG has to keep GKP onside when it announces that it wants pipeline oil to flow.
Will need to pay some of the 151m. One way to appease the IOCs will be to let them keep all the local sales money. IOUs won't cut it anymore, have had lots of those.
Everyone knows that pipeline must open. Have to question the motives behind shorters. Very high risk to place a bet on a single news event.
Wonder if FCA will carry out an investigation into the GKP share price movements? Can imagine that letters have been written.
Can see US have woken up.
Real question here is will anyone risk going short over the weekend? Barzani said there will be a meeting on Sunday and so far tea leaves look positive.
Only Walleye went over 0.5%. Maybe by mistake as didn't want to reveal what they were doing. Likely there are many others not reporting sub 0.5%. If weekend news is good then risk on Monday would be very high.
This has nothing to do with trendlines. Fun to read the explanations.
Could be shorters closing. If they lose their shirts then maybe they will leave GKP alone
Did Walleye take a .5% short? Means they need to dump 1.2m stock when yanks wake up. Could get interesting.