Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Brad from what has been said so far I think Hydrogen via pyrolysis is the favoured initial option as we already have gas flaring so a synergen unit can take immediate advantage.
The poles and wires will probably be commenced very soon after the 10MW PPA agreement is signed which also looks to be imminent, however construction will take perhaps 6 -9 months with a fair wind so let's say 12 - 15 months to get the PPA and have everything up and running with the gas to power solution.
Now my point is that during that period they could use a second unit using electrolysis, solar panels and water. One unit can produce 1350 kg of Hydrogen per day and it takes 2.38 gallons of water to produce 1 kg of Hydrogen assuming no wastage. So we could be using in excess of 3213 gallons of water per day assuming one unit utilising electrolysis run alongside another unit running straight off the cbm utilising pyrolysis. This looks good from an ESG standpoint AND takes care of the Lesedi excess water problem. Just my idea but it seems like a pretty neat solution while they wait for the transmission line to be built and if there is even more water to be gotten rid of they just bring in more units.
Hmmmm an interesting turn of phrase there Donkey right at the end of your last post. A term I've only ever seen a couple of times before through thousands of bb posts and guess what it was a persistent deramper of another share I'm in and it was on the lse bb's. Much like yourself this poster never has anything good to say about the company yet the company has exceptional prospects (even better than Tlou).
I think there's a more than decent chance that you may be paid for your work to post on certain bb's. Who by? Who knows and quite frankly who cares. If that is your game it would certainly explain much of your behaviour over the last 4 years or so on tlou bb's.
As you've ignored all my points I'll ignore all yours. TLOU shareprice going hyperbolic over the next six months. rah rah rah. See what I did there ;)
Again donkey the difference, and it is key is that any agreement that went before relied upon the Botswanan government or some arm of it. This proposition does not. You have this company listing in November and them (like us will be keen to get things moving as fast as possible after the delays of the last few years by the politicians.
Even Covid shouldn't slow this down too much because it's not like we have to build a cross country transmission line. We just need the unit shipped over to Lesedi in a standard container and connected and make no mistake this isn't some proprietary tech, they have been using a version of it for years,.it just has to be adapted to our CBM. Do you think they would have signed a HOA if they weren't sure it could be done easily? Of course not. Next you'll start on the market for it again but again no traction, if the product is three times more energy dense, carbon neutral and can be produced for comparatively little expense it will be huge. Hydrogen projects are springing up everywhere! Not to mention the by-product solid carbon that can be extremely lucrative. As much as $20,000 per ton for carbon nanotubes I believe. Not saying we will produce those from the off but that is where TG will look to take us.
So what you're saying donkey is that it's ok for you to know more than everyone else or think you do but you don't like it when someone else might. Couldn't make it up! lol
It's one thing not to read too much into answers given in a pre determined interview but quite another to gauge the level of positivity to an individual response. If BL looks, acts and sounds positive when asked about the latest drill testing and then the results turn out to be poor he would quickly make himself look like a fool and no one in their right mind not least a company CEO would do that! So please stop with all this negativity. If he looks, acts and sounds positive about the current well testing I'm sure it's because he is! We know they discovered 40m of oil, 'above expectations' what more do you want? Some people it seems will try and knock this company no matter what they achieve and no matter how good the news is. This the week that we announced another great flip of a North Sea asset worth a couple of million to us for a few hundred thousand pounds outlay. Is it jealousy or something more sinister that is driving this constant negativity from a few posters in the face of constant results and good news from the company? Either way they will keep achieving and the shareprice will as inevitably as day following night, begin to reflect all the great work they're doing to take this company to mid cap status.
He was exactly the same on a d v f n extremely bizzare behaviour. If you're here for 'returns' todays news is a godsend because it will speed up first revenue by many many months if not years, no government politics or dithering to worry about and as Thornback suggests it is likely to give the powers that be a kick up the backside wrt our 10MW PPA. Plus the market for Green Hydrogen AND the carbon solid products could be truly huge. Accordingly I've changed my opinion from 'hold' to 'strong buy' ;)
Moagi this time I think you're wrong. This solution looks to be extremely portable and easily scalable. The Botswanan government has held this up but for this Green Hydrogen JV we don't need the government, everything we need is there. I think we could see first revenue a lot quicker than you anticipate.
It is freely available to anyone that is invested and has a genuine interest in the company. The idea is that bag didn't get infected with the kind of nonsense that we've had to put up with on these bb's where anonymous posters post all sorts of lies and just rubbish to try and discredit the company and CB.
I'm still around 83% down. If we can get through to some major jv or financing deal without another dilution I'll still make money but if they have to do another disastrous fund raise at a paltry level I fear that would finish my chances of ever turning a profit here.
Lupidog if you're not happy with the arrangement you can sell up. That is your perogative. The suggestion that someone wouldn't invest being at an informational disadvantage seems wrong. Everyone knows that expensive broker reports that most pi's don't bother to buy give institutional investors an upper hand but it doesn't stop retail punters from investing does it? The information in the bag report is far from that level as prickly says just extra background stuff and musings from CB which I appreciate but nothing that would influence or SHOULD influence an investment decision and nothing market sensitive that would even remotely warrant an rns.
Exactly bebeto, and it's only a decision to drill or drop by Jan '22, actual drilling is pencilled in for '24 I think, by then we'll have had another whole year at least of drilling Egypt plus Selva hopefully producing and maybe another asset bought and producing. Funding (if we don't have a 100% free carry) for our portion would not be a problem. I do however expect this team to get a good deal.
Good post Ghrtrader. Completely agree.
Batch have you escaped from somewhere secure?
I don't understand this at all. Brad told us that because of Covid nothing is getting done or approved. This must be a mistake because Brad's never wrong about anything.
Taking an awful lot of interest gregpeck for someone not invested. I don't believe it for a moment. You went on like BL had shot a member of ya family a few weeks back when the directors increased their shareholdings. On here, on a d v f n and incessantly on twitter like a man so angry he'd never even look at the company again. Now here you are after the price dropped a bit, claiming that you don't own or didn't increase your holding but have plenty to say every day. Your credibility is shot, you fooled no one. Fake tears over the options to get a cheaper price for more shares everyone knows it. Soon no doubt you'll say something along the lines of "well I see some great potential here now so I've bought back in" the way you acted and got others riled up over something that really didn't warrant anywhere near that kind of reaction was pathetic. If anyone takes a blind bit of notice of anything you say they want their head examined.
Don't presume Lords check it out. All the historical information about Jamaica and the drilling that has been conducted there is around if you look for it. From memory it's not far off the coast and pretty shallow so not the worst by any means. I'm convinced this team will be able to attract partners but I am an optimist by nature so take that with a pinch of salt but they are well regarded by most and do seem to have plenty of connections. Jamaica seems very promising to me for a variety of reasons but as I say best to do your research on this :)
Well it's already been months since the 'value event' was announced, 3 of them! How many more months before we get it and how many more months will our current finds last?
We have a jorc compliant resource of over 10 million tonnes!
"What makes this more investable"
Already profitable. Revenue and profits likely to continue to grow as Egypt has circa 35 targets to go after. Selva gas coming online next year, not huge initially but will be expanded. UK assets being worked on for sale or partnering. Jamaica with 2.4 billion barrels estimate, announcement of partnering or not by Q3/Q4. Massively undervalued with a P/E of around 3 or less. Proven, experienced, ex Tullow oil management team.
With only 2 out of 8 targets drilled and both those 2 still open the potential certainly is mind boggling. This is the same with many AIM miners but the key differences here are the cost and time to get us in production which are both cheap and rapid. It makes Jangada a compelling investment case in my eyes.