Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
thanks for that NewKOTB
Apologies if I should already know the answer to this. The number of RNSs declaring holdings her over the past few days has been very unusual (in my experience at least). Are these indicative of lots of institutions buying or are they re-disclosures which are required only because there has been a bid?
If the former - in which case I’d buy some more - I don’t understand why we’re not seeing the share price fly so I’m guessing the latter.
Thanks for some education……
Someone’s decided they want out in whole or in part and is selling throughout the day in sizeable chunks. Who knows why they’ve decided but some - not me alas - will be sitting on some very good profits now if they’ve bought in Q1. It was less than 14p then. If I’d have made 250pc in a few months I’d be offsky too I think. Nothing to worry about is my view.
I agree buyinmay.
I think it’s also worth considering what the reaction would have been had the board bought millions upon millions of shares having just overseen what everyone but the doomsayers believe has been the mother of all kitchen sinkings.
If Maris had stuck in half a million at below thruppence there’d have been justified calls for an FCA or even police investigation. The company doesn’t need that sort of hassle atop its many other pressing concerns.
I don’t see the share price ever getting anywhere close to the 40p I need to wipe the slate clean but low to mid teens with some long overdue good fortune has to be achievable.
And hopefully it won’t be long before we see some more director buys, however small they may be.
Its good, and he doesn't deserve the bad press he gets on the boards given he's still buying the shares.
But rather than see it as the beginning of a flight back to the high teens I think it would be wiser to assume he sees value at sub 3 and will be a seller at least of this new tranche, above 4.
Why on earth did Maris take this job? My guess now is that he was short of opportunities and needed a wage. Oh dear oh dear.
“we all know how fast and furious HUR SP can also positively move northward“
Do we?
Given Hur’s leakiness I’m concerned there’s been no 20-30 per cent rises this week. If there’s not one today it tomorrow I think Fridays report is going to be at best just a bore or at worst even worse than is priced in already.
Why are so many getting steamed about a small short position increase. Nobody here has any idea what sits alongside it. It’s almost certainly a hedge against a larger long position they have in that fund or a sister fund. This share is so volatile, especially to the downside, a long/short position prior to a very major news event is just business as usual stuff for the funds.
The price isn’t going up and down by a few % every day between RNSs due to some great conspiracy amongst the board, the institutions and the market makers - it’s down to flaky PIs bailing and buying on every bit of conjecture that appears on here and elsewhere.
Posted on Advfn in reply to ngms misery written there as well......
“Fine. But the chances of a new CEO with FB experience coming from an oil producer whose share price has not declined materially in recent years was nil, nada, zip.
Your tempering of the rose tinted nonsense that flies around the boards is very welcome but negativity for its own sake is just tiresome.”
I’d pay good money to watch Stu and Dspp argue out their positions one on one.
Come on dspp. We know you look in here from time to time. Or Stu, away over to lemonfool and kick his graphs in the balls.
Garyn - please point me to where I can buy HUR debt at 52pc discount. You really are a clown.
Please could someone help me understand why Dspp says it is
“Implicit in this is that the well PIs have both continued to fall”
And
“The #6 well, flowing on its own, under natural flow has continued to increase in water cut”
The first I don’t understand at all. The second, I thought well 6 had been producing at c. 8% for a long time and as the RNS states was still the case before the ESPs were switched on.
Sorry if either is a really dumb query but they are each key to the rest of his well written and concerning note.
The latest OGA figures are certainly good news.
But are we able to take them as being confirmation that the perched water opinion of the company is closer to being confirmed?
It's certainly not made any LESS likely by the new figures but unless we know that November's production of 8,318 bopd all came from 7z, I don't see that we can open the champagne on that issue just yet.
I am sure someone will correct me if - as I hope - I'm mistaken.
Excellent post of 17:26 LW. I would love to wake up tomorrow to an RNS reiterating all recent guidance and opinions and telling us all to calm down. I'm sure we would see a few % recovery in the price.
But within hours DSPP and Ngms would spewing out their doom once more and the manipulators would seize their chance to short the ass out of every flaky investor who joined the one day rally.
Silence from the BOD is not comforting but it also cannot be taken to mean there's anything amiss.
I don't care at all for the performance of Trice and Stobie as CEO & CFO but with respect to their being asked Ito produce a holding RNS I've sympathy for their predicament. They're damned if they do and damned if they don't.
Daltry, I've written to Hurricane 3 times asking them what processes and procedures the board - whose responsibility it is to protect shareholder's interests - have in place to ensure unusual trading patterns are investigated for signs of price manipulation.
They answered my first note and avoided the query, offering me a bland "the board realises it has a duty to report suspicous trading to the FCA"
I replied saying that was not my query - I was asking what does the board do to assure itself there IS no illegal trading.
Unsurprisingly I have had nothing back. I can only assume they are doing nothing. On the one hand I appreciate they've better things to spend their time on. On the other though if they are doing nothing to proactively assure themselves that all the circumstantial evidence we see is indeed just that and nothing more sinister they're failing to be diligent with respect to one of their core responsibilities.