Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We seemed to of recovered from the blip yesterday just shows their is plenty of interest in this share. When good news starts to drop this should take off
Better than mine I used my real name lol
Have you read the new presentation they talk about doing a farm out and commercialisation now. Looking at timelines oil won’t be produced until 2026 which isn’t long but in this world is a long time
88e have had a few bad days I think everyone is pouring out now the news is out so will go quite until next year. I see that Scot is still there basing the share. I don’t get him honestly why keep going on about it and just leave
Not many companies own their own rig and I suspect there is a reason for that. Firstly the cost then you also need a crew I don’t think it’s that simple to man a rig. He1 did the same but I know they were posting on LinkedIn trying to get people so I think sometimes renting is easier than owning the rig.
It’s only 2 weeks the delay, if you invested in he1 you’ll know delays happen and that’s a part of life. I appreciate bce telling us their is a delay rather than us sitting here thinking an rns will drop to say that spud has started when it’s delayed.
Yeah it’s recovered well thankfully, I suspect a lot of the shares are in sticky hands right now and are waiting for results.
It also helps this was a new low today so anyone selling wouid of been at a loss so prob stopped the sell a bit
Prem tends to move quite quickly so any news and it will shoot up 20%
I’ve done a few dummy sells today and around 8.10 I could sell at 0.46 around an hour later 0.47 and just now it’s gone to over 0.49 so it feels like despite the drop earlier it’s recovered well.
Yeah not ideal but it’s only 2 weeks which isn’t the end if the world. I suspect a slight pull back todsy but that’s expected with delays.
Not ideal but it’s only a few weeks, if you have spare cash maybe an oppertunity to top up if this pulls back this am
Yeah 150 was banded around a few times by the bod. I haven’t got proof but they said before that 150 was commercial then the more bpd the quicker they could do the other 3 wells.
Tro bce is no longer red on the tv?
Legal not sure when the rise will come, I’d expect once rig arrives it might start to awaken up but for the multiple bags may have to wait until results. I’ve found before it moves up or down quite a bit a few days before results so it’s very leaky but any day it drops 20% I’d be out in a shot.
I guess that’s the traders getting out dai. It will go quite over their until next December so people are getting out now.
Update over night still only another 50 bpd…. Looking at around 100 bpd for both areas.
I think they will have to go away pick a prime location then maybe so a horizontal drill to get the best of the flow rates based on what they said.
Ok to reach the old high that a 4 bag but still the company will only have a market cap of 40 mil. Very few profit making companies have such a low market cap. I guess it will come down to how many bpd!
Swissy it reached 0.27 when they found oil initially and that’s over a 4 bag from today’s price but we have had a dilution since then.
Like tro said it’s all about their being no delays, we had an update 2 weeks back saying mid April so we have had recent news confirming it’s in schedule.
I think this is one to trade I tgink it wil be like he1 where it goes on a big run but pulls back massively it’s a case of getting the top and not going for the long haul so to speak as you’ll be left waiting for the next rise which could be next year
So the low down on bce….
They have an oil field that currently generates 50 bpd, they did the drill but it’s became blocked so they tried to do sand netting to get past the blockage and it didn’t work. They have now done a raise at 0.05 to cover the costs of a side track. The rig is due mid April so anytime now, it will then take a week to put together and then spud will be 3 days. Following flow testing they hope to get upto 900 bpd. 150 is deemed commercial but I’d expect they wouid get more like 300 rather than 900 if I’m being honest. The oil is there just something went wrong with the last drill preventing it fully coming up.
Cos not sure but in a recent interview or they advise the risk was low as they have a better understanding of what is below ground, they have a better drill crew and the well will only be open for 3 days. They need atleast 150 to become commercial and presuming they had 50 before it’s not a huge amount more to get to the commercial goal which will be the massive rerate
Good short term punt? I’d say yes sp is currentky at placing prices and 88e are due to announce results this week so could see traders jump from their to bce and coupled with news this Shoud move quickly. Hopefully within the next month it will all be complete and I’ll be out with a 3 or 4 bagger
I agree hopefully next few weeks we will start to get some news filtering through. Once the rig is up I think drillling only takes 3 days. Last time they announced when spud was complete so coukd get an rns saying drilling has started then later in the week to say it’s complete.
How long does flow testing take?
Looks a few gems right now, prem and Geni both look like good returns. I just hope bce comes out the blue and smashes both of them lol
It feels a much better year this year lots of multi baggers already so hopefully it’s turning after a difficult last year