Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Now that most countries around the world are starting to ease lockdown restrictions and oil prices are recovering in earnest, i can only see a fairly swift recovery in the sp here back towards 3-5p levels as we move towards our potential drilling ops in October. I had sold the majority of my holding here to trade elsewhere whilst nothing much was happening here, just keeping hold of a small core holding of 1 million shares. As of today i have started rebuilding my position here, as i don't think it will be long before the company announces new operational planning for our october drill and maybe even a partner. Just 3 months ago we were trading solidly around 5-6p with the prospect drilling only 1 -2 months away. So imo 1.4-1.5p right now must be an absolute steal with drilling just around the corner from October onwards. I see Serious money to be made from these levels and I intend on taking full advantage whilst i can to accumulate at these bargain basement levels. Atb
No mention of British companies or a consortium. Just that the uk government have picked Roche and Abbot for their tests. Not looking very good for us imo. A real shame.
My crystal ball says very soon! It's at times like this that deals are done imo
Does this news affect us in any way as a company moving forward?
Keith1, this is exactly what baffles me. For Sweden's apparent reckless approach to dealing with covid19 and almost zero lockdown measures put in place, they still have less deaths per 1000 people than the u.k. How can that be? I am starting to think that all we really need is a degree of social distancing but that lockdown measures are way over the top. I base this on the fact that Sweden still has restaurants and bars open all over their country with social distancing rules in place, and their number of deaths is way lower than ours per 1000 people. So how much really you have to ask has the lockdown in this country really made a difference?
I had to deal over the phone just to buy 50k shares at 6.8p. It's very easy to sell in quantity if you want to though. No trouble to get a quote to sell 250k shares but no quotes to buy for me without calling. This must be gearing up to move north from here imo if they don't want to sell you any.
Is that definitely the case here. If that's so then this conversion today with shares issued at 1.18p is the last of the cheap shares to be issued moving forward, Can someone confirm this for me and why it's the case. If true i will start to rebuild a much bigger position here over the coming days.
News could arrive anytime now!
The link doesn't work
Still no quote to buy at 7.4p. I will keep trying.
They want 7.8p for 50k shares, but i can sell 100k shares at 7.3p. About to head north into the close by the looks of it!
on the order book. Looks very doubtful that this will be going higher than 30p any time soon.
BB, i think both Bp and Bpc will be well worth holding when the crisis recedes. It's getting the timing right, and based on my original post i still see more short term sp weakness here and most probably with Bp as well. I am sure there will be even better lower sp entries for both of these in the near furure.
What will happen to the sp here when the next conversion lands at a heavy discount to the current sp and then the next conversion after that and so on. Plus all of this when there is little demand for Bpc shares during this hugely uncertain time . Surely the mm's are gonna end up awash with bpc shares and very little demand for them over the next few months, which imo will lead to a steady walk down in the sp here by the mm's to keep finding new buyers to keep churning through the supply of conversion shares coming from the Bahamas Fund.
I am still a holder here with 1 million shares, but this situation troubles me together with a few of the articles posted by Linton who i know to be a long term shareholder here, whom i met at an investor meeting at the Chesterfield in London earlier in the year.
I totally believe in the Bahamas drilling project as a whole and see huge rewards here together with most invested here i suspect, but the short term funding mechanism with monthly conversions coming thick and fast bothers me enormously for the short to medium term health of our sp here.
I see a good recovery move northwards here at some point for the sp when this dire situation with covid19 improves, and some sense of normality starts to come back around the world. However before that i do see further weakness in the sp here short term. I could be wrong of course about further downside here and hence i continue to hold a core holding of 1 mil shares, but that is nowhere near as many as i've held in the past or would like to be holding moving forward when things improve and firm drilling plans are announce again moving forward.
I would be very interested to hear other peoples thoughts on some of the points i've mentioned above. Atb
Wti is currently minus $35 a barrel