Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Gambler - there is no guarantee that it won't get done either. What an inane statement! Given the amount of time that has elapsed since first contact, & the positive contents of this morning's RNS, the protracted DD has been done & the deal is MORE likely to happen than not. The discovery has been ratified by RS, & our JV partner has been over it like a rash. AM will not roll over, so I anticipate a good deal for all including UK shaareholders.
So they are currently talking turkey regarding money & WI.
It appears that extended DD is over, & concluded to our prospective partner's satisfaction.
"Better understanding & INCREASED confidence of this resource"
The SP is going to do cartwheels when the news hits the doormat.
This paragraph in the RNS says it all IMHO:
"Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource."
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I have taken this paragraph from their "Oil & Gas" section:
We have significant experience with complex mergers, acquisitions, divestitures and other commercial contracts and agreements involving upstream, midstream and downstream oil and gas assets. Whether you are an acquirer, a target, a board of directors, a financial advisor or private equity investor, we will work closely with you to identify opportunities, craft strategies, manage deal and legal risk, and negotiate terms unique to you and your business objectives. In 2016-2017, we acted on five of the ten largest oil and gas mergers and acquisitions in Canada.
EdmundFitzgerald - you turned up three weeks ago, & ALL of your posts are hypothetical negativity.
I smell a rat, & therefore you are duly filtered along with the rest of the green box brigade. I will also ask LSE Admin to check your credentials.
Adios!
Hi Stas - he must have got the wrong end of the stick!
I must admit, Cathy's response was a tad on the arrogant side. If inflation is the reason, then an RBL will NOT materialise until interest rates are significantly lower. There is NO such excuse for the JV! The CC recompletions appear to be the main priority ATM.
There is nothing else left to say, so we have to be patient!
It appears that AM will use Cathy as his mouthpiece for future contact.
This is the sentence I liked best - "My advice is to let management run the company -- I am sure they will deliver what has been discussed. "