Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It’s just a matter of waiting imo, hold on to your shares, buy more if you can at this price it’s 100% cheaper than EDR.
I would have imagined both UJO and EOG management have been sounded out, they may even have been asked their price, Maybe Inishkea is closer to a deal than we think, I’m happy to let this play out, wressle is good enough on its own to cover the current sp.
I’m keen to know why you feel it’s in your best interest with 50k shares to down play the company its management and investments
Wressle is a superb asset, it will just get better as the partners progress drilling.
Inishkea is a waiting game as you say, let’s just wait and see.
As for the SP, it’s not moving either way, with all the market fluctuations regarding O&G, EOG seems to be holding steady, Wressle will move the price even without Inishkea IMO, let’s see the interims etc before making judgement calls, mgmt have to get something right eventually with the big bucks they are being paid.
Vernetles,
Dilution, yes that’s a worry for some, depends again on the risk factor, surely once bitten, they won’t do anything silly.
If for instance it’s a producing field or an asset that throws off cash I’m all for it.
They will still need skin in the game for Inishkea if they get a suitor.
All the while EOG and it’s partners will be progressing Wressle, that will be throwing off a lot more cash once they produce from its other area within this oil and gas field.
Basically I’m not too worried as I can see they have several routes to increase sp value and only one route to screw it up.
What requires £5.1m of capital expenditure this year, that’s a healthy budget for 2023, it’s especially large for a company with a mcap of only £11m.
What grinds my gears is people selling here thinking there is a pot of gold linked to the next share they buy, the beauty of this share is yes it could fall, but imo it’s already bottomed out after serenity where it cost them £5m and a 25% share in a known oil field, which I may add is now valued at zero according to EOG’s mcap.
Value is constant and accumulative with wressle, it’s still to top out, with more oil and gas to follow. Our sellers must think it won’t and there are better prospects else where.
Then we have 100% of the Inishkea license , this could be absolutely huge, could happen anytime, where you double the SP when a major bites.
This is the point where you have the opportunity to part sell shares and get that free ride through to a gas discovery or not.
IMO the lows of this share are well worth the risk given the huge upside that could follow.
They might not, but I bought those last 2 UT trades and spent 5k, I’m happy with the price.
I don’t have to see the interims to know EOG has made huge profits from several 100s of Barrels of oil it sells every day for the last six months but the sp fails to reflect that. While people wait to see in black and white what I know and they know to be true I’ve bought in advance of the RNS.
Whether the market reflects that or not has yet to be seen, I hope it does given people generally follow the money and profitable companies.
Interims due, cash pile increasing month on month with only 11m mcap, EOG looking cheaper day by day as wressle continues to deliver plus the £2m returned from serenity, cash rich and building with a stagnant share price, interims and profit/cash pile has to move the sp positively.
Quick check indicated following for our new CFO
He has specialist skills in a variety of publicly traded organizations including corporate transactions, debenture issuances, common share offerings, mergers and acquisition and corporate conversions. Mr. Dranchuk also brings extensive experience in corporate governance and internal controls.
Just noticed no green filtered messages, looks like our lurker has vanished with his tail between his legs, Great news, excellent update on reserves and a new financial officer.
Roll on 30p a divi hike and or an offer to buy out the company.
Not delivered EOY results as promised this month.
Totally unprofessional, management needs to give themselves a shake, maybe a shakeup.
It’s this kind of nonsense whether the results are good or not that really annoys investors.
Having a known plan would be a great start, the Directors may have one.
If they can’t drill it, they have to sell or get some royalty IMO from the acreage.
if they can, they need to say where and when, what’s really required is they let us know what their strategy is for delivery over the short, medium and long term, what’s next years plan in broad strokes, doesn’t have to be detailed.
How does company achieve sales of 30,000, 35,40 boepd whats it’s goals, what’s the route, how do we get there, when do we get there and what has to be done to get there, would be a start.
Why are I3e undervalued to its peers, needs to be addressed now, the company has to prioritise today, not next week or next year.
Imo, Ii’s and Pi,s will come on board as the company grows, yes good pr will help, the way to get that is being more professional, don’t screw up RNS’s and do what you say you will do.
Deliver on your promises, spud more wells, sell more oil and gas year on year, that’s the proven route, do that and Canadian funds will be banging on the door.
Thanks Stas,
That’s pretty impressive, more to the point I3e is very impressive, if only I was a major looking to invest in Canadian oil and gas with barrels of potential. I wouldn’t need to look very far.
Why are i3 so friggin cheap.