Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well surely he has made a windfall then and should be subject to a permanent windfall tax, let’s say 78% of the £75 and while we are at it maybe all shops and the supermarkets should be taxed the same as they do make a windfall before and during the Christmas period.
I can’t believe the North Sea industry isn’t screaming blue murder right now. The public brainwashing from our government has been and still is made up of lies and propaganda. Why isn’t the industry coming out with a proper fight. It’s like this government ignored the horror of the Russian invasion and used it as a weapon against our own North Sea as if it was them who invaded Ukraine for the sole purpose of massively profits
When I talk to my friends and family members they all believe what the government told them - the oil and gas producers are profiteering massively with mega high oil and gas prices. I just reply and say so why are countries without their own oil and gas reserves paying half of what we do for gas and electricity then ? As you say our oil and gas is sold on the open market to the highest bidder and we don’t see any of it. Have a think about it.
Someone is playing with us at the moment and to be honest that must be quite easily done on low volume to introduce a bit of panic.
As we have seen a number of times before the SP can jump up rapidly.
I’m not to bothered and I’ll ignore the short term moves, wish I had traded it but hay ho if I had sold a chunk the price would have jumped straight after and I would be even more annoyed. I bought the dips over the past few months and I hope at some stage that will proven to be a winner.
I have faith in AB to produce Shareholder value, show me another CEO putting their money where their mouth is like he has and I’d invest in that as well.
If we can maintain production this year, pay off a big chunk of the debt then we will be positioned well to cope with a hostile Labour government. I’m just waiting for the public to start the fight back on all these communist policies and Labour U turns.
The Tories need to step it up
I see the Kent farmer were protesting yesterday and this will grow up and down the country, people have had enough of being pushed and pushed by our politicians
Things are changing fast and rage is starting to take over.
Looks like the Tories have a plan of letting Labour shoot themselves in both feet.
If the Tories have half a brain cell between them they will realise pushing ridiculous policy targets on people to fast is a step too far.
Labour have made a rod for their own back
Stevo, Your comments regarding Bressay and Bentley are wrong, Both Bressay and Bentley are already captured under existing licences. So once we can land a economic development concept and get it approved by the regulator we can absolutely move forward with both projects. Labour are talking about "No new licences "and that relates to exploration Such as the recent 33rd round. So it doesn't impact any of our current strategy.
With the potential extension of the EPL it would negatively impact the sector but could be a positive for anyone like us holding TAX credits as we would be better placed to take advantage of any operators leaving the basin though acquisitions
I think we are sitting in a pretty good position
Romaron things are moving forward. This was part of a reply to a few questions I needed to ask IR back in early November.
We continue to work with the NSTA to try to unlock a development concept that works at Bressay, with Bentley seen as a longer-term option. We have made several proposals to the NSTA, but none have met with their approval thus far.
Sounds to me like the proposals are being debated and must be close to an acceptable plan for Bressay. Another partner would help finance the project.
The timing could work very well with the EPL
Jefferies classed us as a non-growth company that doesn't pay shareholder returns, that was the cause of this current weakness in our SP
Their note was blunt and they chose to ignore everything else going on including the importance of our expensive debt reduction etc.
I'm expecting a good market reaction to our next update, maybe a few positive broker notes to follow.
Our results are due on the 28th March and that will be the point we get a set plan of returns in my opinion.
I also think we may see another partner buying into Bressay and the EP soon.
We have more positives than negatives that we don't get recognition for.
If the governments Tax attacks aren’t bad enough the woke markets are now attacking producers.
Either selling out with big losses or shorting the stock.
Markets are turning their backs on us.
The attack on oil and Gas companies is under way, the government WFT and now the woke larger funds
Even though we all need oil and gas they want to destroy every producer.
I just don’t know Jan. I’m panicking now.
Labour will most likely drive in the last nail with a even higher tax grab
Monkey our SP just keeps on falling, I've almost given up all hope now.
We are a stones throw away from yearly lows again and that looks likely to be broken in the coming days
Please show me some positivity as I'm all out of it.