Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What i have reservations about is that the buyer wants to pay instalments.
Sdx told us WG will sell for $6.9m and will be paid in instalments. Will SD be paid in instalments too?
Also sdx have stated the ksr well has not been put in production yet but they state they need to quickly complete drilling for bmk so they can quickly put it in production. Why do they need to bmk well when ksr is well is available?
Also Citix has not paid upfront for q2 gas like it did with the last two quarters.
We deserve update of whats going on...
Littlened
Yes there has, first of all they stated the deal would be completed by end of dec 2023. Then we got rns stating they have agreed to sell WG for $6.9m and half would be received by end of jan and remaining by end of q1. Alarmbells, still no deal, also this so called large operator why are they penny pinching?
Nevertheless, i think sdx at current levels is cheap. We await the news.
Smellyben
I think on paper it looks cheap, i too am dissappointed with the broken deadlines. Citic have not extended their upfront gas offtake payment so this is a concern.
I dont understand what could take this long for sale.
So you still hold over 3m shares?
No..
Im kidding.. SmellyBen is a decent guy. He could have stayed quiet and dumped his shares and the sp may have collapsed even more. As more would have sold not knowing what is happening.
Im interested to know why ksr is not in production yet but they need BMK well to be in production as quickly as possible. What are they up to.
An update is required..