Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Piece in The Sunday Business Post today about the transformation programme. One of the key aspects is the Tech investment of 1.4Bn.
My view is that in over a weeks time when announcing the financial results there will be a sting in the tail that either the project is not on track , is overbudget or both. I suspect the Share price will drop on this news and may moderately recover over a prolonged period.
Boi has numerous headwinds at the moment that i dont see resolved within 12 months. After that Im a buyer of this stock all day long...
I'm not so sure that the price is at rock bottom. For the record I hope it is as I'm invested here also but I draw some paralells to what happened with PTR as an example. The distinction here being that COP has a more diversified portfolio. At a certain point though if COP were to continue to post losses the debt becomes a significant factor in not just the valuation of the company but also potentially the strategic direction and operations. I hope the direction from the new CEO and CFO significantly change the company for the better.
Nothing selling at 9c in Dublin, I stuck in a sample sell trade at this level and let it there for the last 3 days...not a sausage !
I just checked Goodbody and they're quoting the same price and a 23% rise.... odd !
Jeffry- If you can afford to hold PTR for another few weeks we are due an RNS in Sep on the half year results for PTR. Depending on your view, a positive bit of news here could see that waiting pay off....hopefully ! GLA !
http://wexboy.wordpress.com/2014/07/02/tgisvp-end-h1-2014-snapshot/#more-9697
Thanks for posting- In particular I like the line "We are producing from less than 15% of our reserve base and the substantial investment in infrastructure made in recent years leaves us well placed to deliver significant and profitable growth now that we have satisfactorily addressed the funding challenges that we have been facing for the last couple of years"- bodes well for the future. The one key question I have is why they havent effectively hedged their Fx exposure?
Was just thinking the same thing...I expected to see a field of blue...it looks like this news may be gaining some (1.65% ) movement.....would have expected more but it is AIM and friday evening....
Fully agree with Kev 4 on the straw man comment. Natlata are aiming to create something with half truths with a possible view to doing exactly as they did before- as minority shareholders better the devil you know ! My view is that neither option is perfect, the BOD have not exactly covered themselves in glory in the past but they have delivered a farm-out deal and we have all seen the benefits of that in recent days on our shareholding. The SP hasnt rocketed just yet but a re-rating of this stock should properly send that rocket into orbit....
Here is the link to the website referred to below. (BTW- By posting this Im not advocating support for either side in this); http://www.value4petroneft.com/
One query- is a injunction taken through the commercial courts possible to prevent the BOD proceeding with the farmout prior to the EGM? ....I'm just thinking what Natlatas next move could be...???
If the EGM request from Natlata is deemed allowable the BOD have 60 days to hold that EGM as requested (per one of the below articles). Therefore this action by Natlata has essentially done us all a favour and has effectively put a stop watch on the BOD to achieve the refinancing and farm-out deal. If management has not delivered within the timeframe then the shareholders may have the opportunity to take swift and immediate action. One fly in that particular brand of ointment though is the fact that the BOD have disclosed the EGM request which will be used as a negotiating point for whoever is refinancing or involved in the farm out deal..... there is a good novel here....
Interesting developments- Natlata actions are obviously guided by their interest in achieving (like all of us) a premium on their investment, however Natlata seem to be aiming to place multiple hurdles in the way of present management - the failure of management to achieve any of the outlined goals will have a negative effect on the shareprice and will ultimately make PTR a cheaper equity for Natlata to gain full control of. The success of the farm out or refinancing will immediately double the price and make this a more costly investment....Natlata are not done here and ultimately this looks like a play to gain full control of PTR. I think this will get far worse before it gets better....
Hopefully we'll all be on board for the next time this one hits 60p ! GLA
I see myself as a long term holder of these shares....I bought at 3.5p, 4.5p, 6p and bought another small tranche today. Im hoping that this will look like a cheap price in the months/years to come....time will tell I supppose !
It depends on whether you feel that the current price already factors in the proposed farmout deal. My personal opinion is that largely it does but there may be a spike once the deal is finalised and announced. Longer term again it depends on your view of whether mgt will deliver the farmout and refinancing promised and on what footing this will place the company. As others have commented Natlata Partners arent simply buying this share for nothing, they have obviously taken a view on this stock. My personal opinion is that this price represents a premium price on a punt on the basis that a number of key strategic elements are delivered in the short term. if this does not happen then we could be looking at this share trading somewhere around the 3p mark. I'm willing to take that punt as the potential upside here is massive (100%+)
Agree- this is an opportunity to purchase also- I think once the farmout deal is announced we wont be seeing 4's again on this share and possibly not 5's either unless the mgt somehow fail to capitalise on more positive mrket sentiment.....finally this share could be on the way back !