Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thanks guys.
Donwe know who is the buyer? Wondering why such a discount and if any of us had a chsbce to buy that
Apologies if missed.
Any idea who has dumped it all?
27/02/2024
200,000,000
1.17
Q. Can you please update the market more frequently so we are aware of the drilling results before the official quarterly or half year RNS?
A. Disclosure of individual well production data outside regular updates would be unusual, particularly in the context of a company which has over 850 net production wells, and I think in the long run counter-productive as it would increase market speculation and volatility. It would set a precedent where the market expected an announcement for every new well.
Emailed company
Q. Can you invest more in the marketing to attract new buyers?
A. The company believes that the successful execution of its operations, of its aggregate acquired portfolio and the results of its drilling program and other business development activities will be recognised by the market and begin to reflect in its market valuation. To accelerate that understanding the company is planning to improve disclosure and adopt a more rigorous marketing strategy around its quarterly reporting to better align with its Canadian peers. This will include broker coverage in the Canadian institutional and retail market. All price sensitive information is released to the market as soon as practicable as per regulatory obligations in the UK and Canada.
"It sounds good getting 92% relief on your capex but as soon as you've earned that back you are then paying the windfall tax at full rate so you are just being busy fools."
Three things.
1. Spending just 8% of own money definitely make sense even if you will be paying windfall tax from the profit which can be as hugh as 100M GBP per year.
2. A lot of work and research has been already done for Serenity. Drilling perhaps around 12-15M and net 10-12M to i3e is not that much.
3. Windfall tax. We don't know if it will be kept on current terms forever or not be amended in the future.
I personally think it is a great decision.