Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I believe he has large holding in IVZ which is due to start drilling in June. Vert high risk/reward ratio and will dwarf 88E if it hits prospective oil and gas. COS is only 10% but excellent Seismic completed. Plus many other exciting prospects in Namibia especially offshore. All majors involved there and real exploration is just starting.
10:19 Ford have closed the waiting list for the delivery of their electric F150 equivalent. While I appreciate sentiments expressed to you were genuine, the market is showing otherwise.
Would I want to be in the Australian outback stranded 2,500 kms from anywhere and anybody in my all electric, all singing, all dancing electric truck? No.
But nobody cares.
Logic and reasoning is not part of the new generations toolkit.
Investing is a tricky business and there are always going to be differences of opinion and judgement. I agree with much of your comment on some of the wilder opinions found on posting websites, especially in the USA. I don't bother to read them with one or two exceptions.
Keshla has decided on his strategic direction with 88E and clearly you are not convinced yet. I have decided to sell most of 88E shares and might consider buying back in if the share goes below 2 cents. The risk is if they suddenly come up with a farm in , asset sale or JV partner. Then I will have missed the boat!
Rather concentrate on Kehlas's IVZ remarks. Better use of your time. By the way, he has posted quite a lot there which is surprising. Usually he keeps his silence. He did box my ears once when I tried to steal his references to Macallans which he has used over many years (He must have some investment there!)
Maybe he is biased toward IVZ because he comes from that part of the world ("Keshla" in Zulu is used as a mark of respect to an aged man who has shown his worth).
My posting name is a popular christian name in Southern Africa and comes from the Tswana language.
Best wishes.
Keshla gave a much more balanced view of what he said than you do. :-)
Read what he said about the gas in the whole context of the his posting.
And I will take the experience of PB over your view that the pursuit of the original Icewine strategy is not worth the effort. He never would have agreed to just walking away from that. I think he drilled over a 100 holes before he unlocked the key to Eagle Ford.
When we lost PB we lost direction for a couple of years and the whole Tangiers experience began to arise again. Country club management on a short term cycle. Thank heavens we now have a focused BOD who know they have to get a result and quickly or we will most certainly be fed upon by the sharks who will take over our assets for pennies.
23.57 That makes my points about valuations. But don't assume you know what everyone is thinking or assume you know the investment background or education or experience, knowledge and skills of the person when they make a value judgement. Your view is just as much ''rubbish'' as theirs.
What makes your opinion less rubbish than theirs? Your 'educated' guess?
I wish it just came down to ''education'' but this discussion illustrates how people rarely take into account the emotional aspects of investing and how this critically affects value judgements. And the humans managing companies such as 88E are just as prone to these emotional factors.
The OTC pinks is a very good learning ground about true value vs emotional valuations and how it influences SP.
None of us are immune,
Just better have a well thought investment strategy and stick to your plan.
Time for a Macallans or two and then on to the ASX for another trading day.
19:50 Really? "people posting if a company is under or overvalued is rubbish"
So I.O.W. my posts have been rubbish plus all others who dared give any comment on whether 88E was a worthwhile investment risk or not?
So what technique do you use then, please benefit us all with your distilled wisdom because from these remarks you seem to be saying it is only about inside information.Historical results, geological data, readily available public financial records, managements' backgrounds and history of results, etc, etc etc mean nothing.
I cannot tell you how many times I have seen ''genius'' people who, without ''inside information'' have seen the true worth of a company long before the existing owners and instituted action to gobble up those undervalued assets.
You need more than just inside information. You need to know how to assess the markets they operate in ,or COULD also operate in and determine how they could increase the value of their current assets. Elon Musk is an example of how someone with vision can take existing assets and multiply their value at an almost alarming rate. But, he may be a shooting star so make sure you know when to press the bell to get off at your chosen stop before you also crash and burn.
If it was mere case of just using your abacus and listening to some tipster from ''inside the company'' you may as well invest at the racecourse because that industry seems to fit your investment philosophy.
I have not spent a whole lifetime in mergers and acquisitions spouting rubbish. Sometimes I have made some sense :)
13:07 Phrontist
I have valued companies (and other assets) for a living for over 40 years and clients have included all the major investing and broking entities over that time.
I compliment you for stating clearly and succinctly, once and for all, the current 88E position re valuing their assets.
The share is way undervalued and past management has given away far too many shares in raising capital. There does not appear to be any clear cut financial strategy to maximise the asset value of the company. The new CEO needs to sort that out quick.
Instead, 88E is now in danger of being in survival mode and may be taken over for well below it's true value.
If that happens then all shareholders lose out.
88E can't keep wildcatting for much longer
Despite this emotional down ramp, without any attempt at analytic back up, you are still safe because another Desmond (Tutu) famously remarked:-
"We may be surprised at the people we find in heaven. God has a soft spot for sinners. His standards are quite low."
Sin no more. Less stressful.