Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The mkt cap is central. Not sure how banning shorting would improve things for PI's. Badly timed shorts have to be settled quickly, reinforcing direction upwards. Insider trading is a much worse enemy of PI's.
Alan, I think it is reasonable to say that the equipment used to set plugs (hydraulic-mechanical actuated plug setting tool) will be used to set wirelines in the logging process and therefore may not proceed until the equipment (sourced in USA) has arrived at Brockham. Let's agree that we don't know the exact spec or capabilities of the tool. I'm suggesting that the tool could have key role in the logging process. Recent rns: 'Options for logging the well are being considered'. The statement is ambiguous, doesn't state when or whether this process has begun or whether they are waiting on equipment / components to proceed.
Wasit The self-restrictive bopd is due the the cost of water disposal (may be high in nitrates). OK let's agree to disagree. I'm sure they'll experiment on many different options to cut the water over the coming years.
Wasit Are you claiming that it is not possible to isolate water producing zones of the great oolite limestone reservoir, using setting tool / plug and packer.? What evidence do you have to back up your argument?
The management should have ordered x2 Hydraulic Direct Pump Setting tools to install the remedial isolation plug & packing. At most it would take 3-4 men on site to carry this out. So why not have extra kit & teams working simultaneously at both Brockham and Lidsey to fix water isolation issues?
This is boy scout solved problem in the states. The issues which have bogged down production at Lidsey could have been easily rectified with the simple knowhow, equipment & materials to rectify it. No doubt the DPST will be immediately sent to LIdsey after remedial isolation completed at Brockham. But why not firstly rectify Lidsey, isolate water there and maximise bopd?
'The hydraulic / direct pump setting tool is a pressure- activated setting tool used to set wireline retrievable plugs, permanent packers. Bridge-packers, cement retainers or other types of completion equipment'. This is equipment which can moved around site manually by two persons. It is easily airfreighted. If it is all operational and ready to go, then it should be despatched & delivered ASAP.