Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I’m not sure the market takes much notice of positive notes any longer, it seems all about shorting nowadays.
Like I’ve said before we could strike gold be paying 50% dividends and still the SP wouldn’t rise.
We have been doing everything superbly well over the last few years, debt has fallen way over a $1b and still the market won’t reward us.
What more does this UK market want other than a fair tax regime .
What I still can’t understand is why Steve uses barrels as payment to BP etc, we don’t pay the profit share in barrels, the costs of lifting the barrels is big part of EnQuest’s business (we earn from each barrel lifted).
For instance in my industry all jobs are given labour times against them with material costs on our system but if we complete those jobs in half the time that’s a bonus on our part we don’t pass that on and neither would Enquest to BP
We have such low daily volumes I can't see anything happening until that starts to change.
The equity is still unloved in the sector and that probably wont change until we can pay a dividend, not really sure why our market value is so low to be honest as we have a proven record of navigating very rough seas where most would have sunk and our debt risk is shrinking by the day.
Where's these buy backs then ?
This time next year Rodder's
NST and redbuff maybe don't understand politics is our biggest problem we all face, nothing to do with what the company does it all boils down to loonies in Parliament.
If it wasn't for them we'd have already forgotten about the nasty hangover caused by our 60p party and I'd be sitting somewhere hot and not busting my balls at work in this freezing workshop.
Apparently these clouds are man made now by chem trails