Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Https://www.sviluppocollesanto.it/
this is LNenergy's Italian website
Https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-edinburgh-live-event-270224
let's see what they RNS between now and the 27th
"Would I buy in here at this moment in time ? Absolutely not"
I disagree, based on Wressle alone producing 665bpd and poo $78 (say $65 net), that's $6.3m pa or over $500k pm.
I do have major issues with Bramhill's management style, that is, his lack of transparency and his failure to keep shareholders informed on progress at Keddington, Biscathorpe and WN, however I am confident that Kedd and Bisc will be progressed this year. I also believe that Erfelden will prove to be as good as Wressle if not better in which case the Bacon shares will soar. Penystone planning will be submitted in Q1 imo. meanwhile WN appears to be a non-runner but they may surprise us, at least DB hasn't increased our exposure there. Overall I believe UJO will have a very good year.
Sometime ago I suggested that the 1.3 billion shares issued to LNe would surely have a lock-in period, although nothing has been said. I guess the answer is no, otherwise how could LNe transfer 450m shares to the Directors? I suppose it's possible the shares could have been transferred with a lock-in caveat but my worry is if CS goes tits up, ie permission is refused, we will have 1.3bn shares hanging over the market...happy days for LNE Directors but not for the rest of us
Lots of doom & gloom merchants here - I recommend reading UJO's RNSs from Q3 2021. same problems, similar solution (ceramic beads rather than sand). Result? highly successful clean-up which resulted in circa 800bpd compared to the expected 500bpd (op took 3 months). 2.5 years later the well is producing circa 665bpd.
poo currently circa $79 so every 100bpd is equivalent to almost $2.9m gross pa
Although the article casts huge doubts over the project (plenty of those already!), it's well known that the Abruzzo region is very vulnerable to strong earthquakes, so is the dam at greater risk from the known or the unknown?
Wressle had a similar issue in Q3 2021 (see UJO rns's), the operations and clean-up took a full 3 months but the result was excellent - well above expectations.
- as I previously posted, same issue at Wressle took 3 months to resolve - highly successful
Regarding Wressle development - this is the "provisional" Planning Timeline issued by Egdon, so we may see the planning application very soon.
31.01.24 - submit planning application to NLC
Feb 2024 - Formal public consultation by NLC
30.04.24 - Target date for NLC to determine planning application
unknown - applications to NSTA, HSE & EA
Kawasaki, next thursday we'll have the nsta data for November.
- rns of 08/11 said production had resumed
- rns of 19/12 said "Prior to EA approval (14.12.23), production was constrained to delivering an average of 550bpd"
so November production should be 550x23 =12'650
Good company but relatively unloved by investors (at the moment). I first invested 3 years ago but have seen my investment slowly but surely diminish - a good time to invest imo, far more upside than downside plus an outside bet for a takeover
Uggy, like you I want Colle Santo to be a success but the Euro11m-12m pa projection is currently a fantasy with gas significantly below Euro45 mwh for most of the last 9 months. Of course the market price may be significantly higher by the time they come into production but how can LNe expect to raise Euro 16m based on Euro45 mwh when the current price is firmly below Euro30 mwh?