Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Only deal in and act upon facts.. not pub talk, not hearsay and certainly not the so called rampers. Fact, the BOD have missed their own imposed and declared deadlines with regards to financing and FID, as publicly stated at AGM.. I was there.. Fact, the rampers have been proved wrong for 2019, we ended the year at a v low point with no FID etc.. proof that they like the rest of us are clueless and not to be believed. In 2019 the negative posters won!.. 2020 is another year, oil is still under the sea, it’s needed and the ME is as volatile as ever.. so who knows, the rampers may be right this year.. but in the absence of FACTS from the company re FID then I for one will remain out.. don’t waste precious cash!..
Specul8 whilst of course it’s all rumour and we have to wait for the RNS, your insights re Dril Quip and the talk from Aberdeen is certainly more helpful than most of the nonsense on this board.. watching and waiting to see if I should jump back in this month... If there is one sorry lesson from the ME at the moment is we would be better off with our own oil, and if we can do a deal with Argentina so they in some way benefit then politically a good reason for U.K. gvt to give SL it’s full support...
2019 is the year for the Rock they said, it’s going to be a multi bagger they said, FID and sanction this year they said, our time has come they said, you don’t want to be out this weekend they said, and the abuse those who thought differently got!..
Serious question.. RKH now on a clear decline.. much lower than many predicted.. no reason why this couldn’t be sub 14p. At what point does this become the end.. either taken out by someone else, sell its licenses etc etc. Nothing in any of the political parties manifesto’s would give real encouragement that this could be backed.. any sensible views?.. not just “strong buy” rants.. have a v v small holding left...worth around £1k so not material for me at the moment.
Nigoil
Are you sure... really sure that it is going somewhere.... share price is normally a good indication of where things are likely to go... and really hope like you it will be great, and if the share price does start to accelerate on the back of firm news I will be back in v v quickly. Thanks too for the other posts as yes EU can make a lot of fuss about this as it won't affect them... I guess FID if it does come will be Jan/feb post election, and assuming BJ is in then post brexit. So plenty of time to come back in...
With the EU looking to stop funding fossil fuel exploration the only hope RKH has is for a Tory Gvt to be elected and for Brexit to happen.. this oil is going nowhere.. this company is going nowhere..
Board were crystal clear at AGM that UKEF decision a MINIMUM of 3 month from submission. So NO news until Mid NOV at earliest, then RKH team need to analyse and digest so it would be V surprising if FID this side of Christmas... this is NOT new news
Carrot
Unlike others I don’t claim to have any special insight or knowledge.... so how far it could fall my guess is as valid as the next persons. What I can say with some certainty is that the share price is NOT going to move up significantly unless there is real news and as we all know there will be nothing from UKEF for 3 months (mid Nov) and then and only then will there be a FID (Dec/ Jan) earliest. I have sold my holding as I want my money to work for me, Holding it here (and not being a day trader) gives me NO return. When there is positive news I will be back in and so what if I miss a bargain at 19p and come in at 23p, if it is the multi bagger some claim then what’s a few pence difference at the start. Everyone makes their own investment decisions... I hope to be a November buyer but ONLY on firm positive news.. FWIW it may trade in an 18-22p range until then... but that’s just my personal view...