Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The cementing was last week.
If it has failed, we should already have been informed. Ergo it must have succeeded because we haven't had the rns that failure would require. whereas completion would require a later rns.
I'm not that convinced by my logic but that's what I'm hoping. I don't think he could delay informing us if the operation was unsuccessful?
I thnk JPMorgan has been studying 'The Science'. I'm no expert but there are some easily understandable scientists whose opinions are encouraging.
https://www.bbc.co.uk/sounds/play/m0011zd8
This is worth listening to from 1:12:40
There is a tendency to believe that 'governments must know more than it is saying about this new variant'.
Maybe. But I think that often that isn't the case, and they may know much, much less than their actions suggest.
This is down because of the long wait for action, and the potential with omicron for the wait to be longer.
What it needs now is huge bod buying. If they are thinking of buying a modest amount I wouldn't bother, but at this price the value for next year is immense, so long as there truly are no skeletons in closets as ALLnothing mentioned.
Very few things need to go right now for people to triple their money or more. But I think only significant bod buying would convince people to buy in and wait that long at this stage.
It's partly sentiment and partly that our production is 'set to soar', and not soaring.
Until it soars, the debt looms large. Anything that helps it soar makes the debt look smaller, especially another incremental production rise after the one reported recently, which gives us the image of a rapidly expanding company. Success breeds success.
By the same logic, any expense that isn't recovered, for example drilling a new well and spending weeks cementing it, is going to look disproportionately worse than it would to an indebted company.
Actually, I'm usually downbeat and i try to be realistic and not avoid negatives but, yes, I think it could double, if not tomorrow with omicron at our heels, then at least faster than expected.
I've given my reasoning before, and others have said something similar: at a certain level of production, the debt becomes irrelevant and the value of the company jumps.
The problem is that that holds true for setbacks too, and the Dakota well is actually quite important for that reason.
It could double tomorrow if the cementing is successful and it's a gusher.
It could also tank heavily if it's abandoned. It's not just the money or production, though those are important. Copl badly needs to show that it can do something right after a rocky start to its new journey.
Everytime a new variant or wave comes along there are two doctors quoted.
One says 'we are seeing severe illness in young patients, my wards are full of 20 and 30 year olds, this beyond anything we've seen before'
Another says 'the cases we are seeing appear to be mild, patients are feeling a bit under the weather for few days, then they're fine, this is a huge overreaction'.
And in my cynicism, the thought arises that both are seeking to influence policy for different reasons.
I don't really understand this. I get that 40 or even 32 are pushing it a bit with the debt and when production growth was stalled. But it isn't stalled anymore.
Other producers in their range don't have anywhere near the reserves or the favourable location or the incline curve and so on.
I suppose they had plenty of time to plan what they'd want to do if they had the funds, so let them pursue that work programme, yes.
That gives me a bit more confidence, because they must have been able to sell that plan convincingly to Art who might have had other ideas, though the optics of how they've managed the drilling/discovery so far are not great.
Yes, well I was in senx and luckily got out without losing much and back into copl at a knockdown price, and I did that because senx are content to sit on their laurels, whereas Art is not. So I can't complain.
But today copl's just as slow! What's going on? Where's the drama and high-jinks this stock is known for across the land?
Thankyou Tiburn. Well, the extra 35 percent production must help.
Part of me does think they should have waited until they were more secure financially before the exploration (and angling for Cuda's share). I think they have bitten off a lot, let's see if they can chew it all.