Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
All the money from WG has been spent. Imho
SD disposal looks like it will take time, if they spend another 1 year trying to sell that then they would receive less cash. As most cash would be spent on admin fees etc.
Very dissapointing Sdx so far..
1.4m of that is going to tax liabilities.
So they will get 5.2m dollars, 2m from there to pay for current drill and around 700k of interest to aleph for the year.
Why is sd taking so long?
Tom we have 540m shares now.
Point kalan was makin that with revenue of $425m, jse sp was 80p end of 2022 and that equated to £360m mkt cap.
Now revenue expected to be over $600m and with the new shares getting back to £360m mkt cap will put sp close to 60p.
Around 450m shares.. That would have equated to an mkt cap c.£360m.
https://www.lse.co.uk/rns/JSE/total-voting-rights-lpwhap2frsj4idp.html
If you look at the end year results update on 31st jan, they were producing 13kbopd.
Add 2kbopd from the recent purchase of CWLH and montara was producing over 5700bopd so another 2kbopd increase.
Jse will be producing over 17kbopd at moment.
Very undervalued here. Its patiences here, by end of year this could be over 70p...
But they burning cash, they borrowed money from aleph with high interest rate.
By now the disposal should have been done. And we could move on. Char are trying to extract gas from northern morocco when this happens their leverage will go.
Need to hurry in Morocco