Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Madmax
Thanks for your response - excellent rationale and trading strat.
I used to "job" stuff a bit but now in more advanced years prefer longer term strats.
(I drink too much if I'm stressed!)
You are right it is so easy for a short term position to become a long term position
(got the t-shirt mate) because it goes the wrong way. It very rarely come good in my experience.
Take your losses eh?
Thanks for sharing, good to know that you are a short and long term trader/investor.
Helps to understand who knows their stuff and importantly who to take notice of.
GL Mon Ami
IK
MADMAX - Serious question - Does that mean you have shorted it pls?
GL
IK
Hi JWB
I genuinely can't see where the shortfall is that you allude to.
Can you give me some assistance please and explain why the sums don't add up to be able to afford the drill?
Many thanks mon ami.
Cheers and GL
IK
M & obviously Wise! Thanks.
I genuinely believe that the Sword of Damocles is hanging over the SP due to precedent.
Quite rightly, Investors (prospective and actual) who almost certainly are ALL relatively small PIs are extremely nervous about The Bahamas meltdown and failure.
I DO NOT RAMP and never have RAMPED this or any other share contra to KING JB's assertions.
In fact this is the only share on AIM I have ever been involved with and that was because of Alan Burns's reputation.
I have been in this share since 2010 - bgt @ 4P - sold @ 23.5p a year or two later (only small.)
Bgt again @ an avg of 2p over several years and held until the eventual demise on "duster."
Lost 6 £figures.
I now hold the same amount of shares I held @ "Bahamas duster" @ 0.001475p having avg'd down.
I believe that during Covid Simon was quie simply smart to steel a march on the Big Boys who were all
working from Home and getting paid daft money so to do.
To get the second licence was nothing short of miraculous.
N.B. Simon having worked for BP or Shell was Alan Burn's protege 20 years ago.
Someone had to take the fall for the Bahamas failure. See ya Simon ----Not really - still totally involved - he is a geologist!!
I've had 40 years in the "investment" business professionally and have not really been quite as excited as I am now about this Uruquay project for potential.
The thing that gets me a bit (not much does to be honest) is that quite rightly small PIs are warned about getting too carried away. However, sometimes , maybe 2-4 times in your life you get an oppurtunity and its worth a shot with what you can afford.
This is not advice to invest!!!
This is advice to make your own decisions; DYOR and IF you can afford it have a dabble.
This IMHO just might me one of those "times."
Just do Baby steps - couple of quid and wait, then get a feel and maybe a bit more.
Anyway guys i am just trying to help with the benefit of experience on both side of winning ang losing in this share.
GLA
IK.
Sorry - typo - should read:
Chevron will pay other 60 % not 50%
Morning comek2
Pretty much spot on Sir.
Couple of additional thoughts at the risk of incurring the wrath of JB:
BPC - Cost of failed (one attempt) drill in The Bahamas was circa $35-40 million.
(Bahamas drill was much deeper water and Chevron have there own Drill capabilities as opposed to 3rd party outsourcing so should be cheaper.)
Assuming Chevron AREA OFF-1 deal is signed in next few weeks:-
Chevron will be contracted for 50% of CEG cost of first drill in AREA OFF-1 upto $20 million.
Chevron will pay other 50 %.
CEG should have circa $10 million to contribute so may have to provide perhaps another $10 million.
Area 3 sounds as if it will likely be farmed out to at least similar benefit to CEG.
CEG get minimum $12.5 million to use against first drill in AREA OFF - 1.
CEG have very little outgoings to contribute outside of an actual drill.
"Chevron will carry 100% of CEG Uruquay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, upto a maximum of $15 million net to CEG Uruquay."
As WWT says: "Depends entirely on the events of the future...."
However, recent events make things look quite promising.
GLA
IK
Morning WWT - I agree - just wanted to understand JWB's logic in case I've missed something.
GL
IK
Morning JWB ---Why do you think there will be a capital raise requirement Sir?
GL
IK
Comek2 - Hi I think Euston was just alluding to the fact that when Malcy gets involved, its like the kiss of death for a share.
I THINK he/she/they/trainspotter/41 yr old/QWERTY was just being humourous and perhaps sardonic.
Bit like me sometimes but unless ya see the smile on their face whilst deliveringt humour it's not always easy to tell.
P.S. EUSTON - I CONCUR - But Malcy might just be useful this time - broken clock - right twice a day etc.
GLA
IK
Oh John John John
I try to ignore anything that is not SP specific and pertinent but you really do push the boundaries!
Keyboard warriors are prolific:
KEY means amongst other things - vital to the issue.
Board is generally people who have experience in business and can make decisions.
(Don't come back with the numpty answer "yeh but no but" - CEG board.)
I prefer to use "Typing Warrior" which I acronym TW@.
GLA
IK
"Uruguay’s state-run oil company, Ancap, has awarded a total of SEVEN (I thought it was 9 but can't be bothered to check) offshore oil and gas exploration licenses to foreign companies. These licenses were open for bids, and the successful bidders include:
YPF (Argentina)
APA Corp (United States)
Shell (United Kingdom)
Challenger Energy Group (CEG) (United Kingdom)
Presumably otheres wanted licences in the area.
So what do you do? ----- Get into the "minnow" who has 2 of the 7.
One way to do this is push the price down - scare the small PIs who
unquestionably own the majority of the minnow and seek a foothold that way.
AND - Do a farmin. e.g. Chevron.
Point is: The relatively little share activity might indicate deliberate suppression thereof for
strategic reasons. N.B. Could possibly indicate takeover bid????
All IMO but worth bearing in mind.
P.S. Ive seen it done.
GLA
IK
Brex 22 - Friendly word of advice Sir:
Some of your posts are quite specific (names and associations thereto) and potentially libellous, indictable in law.
Be careful.
GL
IK
Izstar - During the failed Bahamas drilling campaign CEG/BPC managed to raise approx $40 mill to drill despite everything against them including:-
Being a minnow
Sole Bahamas explorer and no Major interest
Legal battles with environmentalists and local residents
No farmin in sight
Plus any more factors too numerous to mention
IF we get to drilling it will be because the area where other Majors are also involved is hot to trot and IMO we will have very little problem getting backers. N.B. Some of the Board are either themselves extremely wealthy or are very well connected. To put it in context I was amazed we raised so much cash for The bahamas drill!!
GLA
IK
Spirite Hi.
Thanks for the response.
I concur mon ami - smoke and mirrors prevailed and still do.
Good luck Sir.
IK
Despite the above who quite rightly have been sceptical for ever about BPC/CEG - they are living in the past.
We all bought into the BPC idea because of Alan Burns - one of the pre- eminent oil explorers in The World of the 90s and 00s with a massive proven record ( look it up .)
BPC failed for many reasons not least of which was FIRST and ONLY strike failure. However their journey was incomparable in adversity to try to attain a success. I will elucidate for real investors if you wish to know: -
Macondo
Several changes of Bahamian govt
Geenpeace
Billionaires protecting their residences via law
Political correctness putting pressure on financiers to pull funding at the last minute
To name but a few.
Uruquay different proposition - most majors involved
Comparability geoloigally with West Africa re Plate Techtonics etc.
i leave it there for now with a few researchable facts that serious investors can DYOR.
GLA.
Uruquay is a different keetle of fish:
major serious actual interest (last interest in Bahamas was circa
Pers - at least if one of them was - we would have a chance of "flying."
About the only most decent missive to hit this board in months - nice one?
AIM is a pile of whatever and if you invest here expect the worst.
However occasionally something works ok and and you make a few bob.
If the keyboard warriors actually stood back for a few mins/hrs/days/months they might get a bit better perspective.
Remember during this wonderful experience of RBD we have had COVID/massive politial turmoil (where nothing contraversial - like oil - i.e non politically friendly) has been the flavour of the decade.
Sit back a bit folks and realise stuff like this takes time.
That being said: if it dont happen in the next year I'm out!
Good luck to you all.
Heh Willec
You are a correct investor of the potential of BPC/CEG - IMO - however my friend you are also a perceived ramper of this share and my interaction with you would just add to the B/S on this board about different names for different posters.
If The Chatboard want my input I need a bit more substance to a serious request for proper info.
P.S. Willec for the record: I do believe you are genuine in your beliefs but much younger and inexperienced in the world of investment than I who is regretably much older and chastened by previous investment decisions.
Hi Cybertron
First post for a while to someone I believe has a grasp of realitiy on this stock.
I used to ad nauseum comment on this board for several years due to belief in potential of the company - all fact based.
There are many facts not mentioned currently by current posters that are not alluded to that IMO are relevant to evaluation.
I do not want to waste my - your - or the chatboard time with them unless requested.
???
GLA - IK
AND SOMETIMES ALL THE FOLKS YOU TALK ABOUT know SOMETHING IS ABOUT TO HAPPEN!