Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
With those crazy 1.9p sales..
The time has come to Galvanise.
Hats off to him, someone has to fight the mythical beast.. just don’t tell them the Jabberwock is already dead! Shh..
more Jabberwocky, LLL. :D
Ol’ Arry? He’s a singer song Writter.. just like Layladylay.. who’d have guessed ‘Ey?
‘C’mon Irene’ I could have got that one if you played the game correctly, CHEAT! :(
Ooo.. I like guess who, does ‘HE’ have brown hair?
I tell you what.. this board knows how to have a fun. :D
Not got your margin call yet then Irene?
TXP May go up in about a year once production facilities are installed and they meet their licence commitments.
3,523,427 Share (original holding)*
the shares at an average price of 2.70p each, for a total value of £335,824.12.
700,000 shares (original holding) + 12,437,930 shares = 15,961,357 shares?
Depends how you look at it Lex.
TXP are a prime example, on issuing shares to raise $9m+ to cover working capital and 1 well. But for what ever reason the belief that flow initial flow rates will be sustained even though the company has published estimated reserve amounts and test rates, no question on where and when revenue from the new wells and why legacy production isn’t providing sufficient working capital, then there’s the avoidance of the remaining $8m loan facility.
It then goes on to say subject to the result of the Placing, operational cashflows from ongoing production and prevailing commodity pricing it INTENDS* to drill a second.
It’s like de-ja-vu.
CERP have it’s costings for infrastructure to bring Saffron into full production, currently sufficient bank balance to cover that (not necessarily all for saffron). It’s field licence commitments are now complete, the company is now in full control of when and how it wishes to progress the field, so the next batch of contractor shares is unknown, if at all.
I can’t see CERP experiencing a pump and dump.. Schroeder’s made sure of that.
If the share price keeps falling I don’t think they will want to be pad in shares :D
If Saffron is successful I’m going to guess a Cedros new field well (NWW of Saffron) ;D
Obadhia, you could be right about farming out the deeper prospects. I think CERP had deep rights and BOLT had the shallow rights it was renegotiated so CERP had shallow rights too.. then the takeover.
It’s an opportunity/possibility
Appreciate that Daz :) it’s also a 30 year licence and 7 years for minimum exploration too.
RE: WNZ -‘ Staatsolie intends to participate (up to 50%) in each Commercial Field that is developed. Staatsolie will fund its relevant percentage share of all costs (including back costs) associated with each Commercial Field from the date of approval of the relevant Development Plan.‘
So the extended well tests will prove important.
It’s nothing of importance Lancy.
‘Off-book’ trades - so an agreement between two parties.
To provide a little clarity on my ‘unknown’ statement and depending on its success.
**Pace of development is in Company’s control.**
• expected net funding requirement for fast-
track full development – circa $2.9m (maybe already in bank)
• sources of funding could include equity, debt,
forward sales, farmout, working capital facilities (or a mixture) (previous Lind drawdown maybe).
Morning Bamps,
Can I assume that your middle Cruise estimate is formulated from previous drilling ie Bonnasse-2?
Re: PRD. I think it may become a little more come complex for the purchase as it may require a reverse takeover meaning a re listing for them. Also.. from what I’ve seen the proposed CO2 trial is for 9 months with a minimum of 3 months.(could be wrong).
Knowing CERPs strategy beyond Saffron is definitely an unknown, swinging on the success of this well.
Mossma, LGO,
45,440,587 shares have been traded in the past 30 days, we have had TR1 notifications from Schroeder’s indicating they sold 8.5m shares over a 27 day period leaving 36,940,587 unaccounted shares. We know it’s not the 9.5m contractor shares as they’re not entered into market until tomorrow and we have had no notification of issuing 15,169,886 to the BOD.
I’m failing to see why you remain to hold an interest in CERP atm LGO?