Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
why sudden drop?
stable cash position?
remind me, how much cash we will have after winx ?
i know we should have decent cash remaining.
yet, if no farm out, we have no choice but to drill ourselves with our own fund. if so, then we should expect placing soon ? that might explain the constant selling
two shares that align are heavily into and potential multibag , OEX and WSBN.
but, which one will multibag first ?
there is no guarantee in appraisal well. it may be flowing with oil BUT whether its commercial or not is another issue.
imagine if this is not commercial and Chris Oil who has large holding, will be dumping most of his shares very hard. sp will collapse when he starts dumping and the fact that he is rich, he wont mind taking the hit/loss.
but, sp will suffer and expect sp to sharply drop to its knees when that happens/
both rmp and 88e wont rise as still more shares from placings are being dumped.
so despite oil shows soon, i doubt we can rise as we need to clear all overhang first, which may take a couple of weeks