Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What's that about fines??? Fined for what - doing nothing??
100% - not even any analysis, just regurgitation. A bot could do better
According to the annual report, Europa remains committed to building stakeholder value. This doesn't appear to be working for most - ie us. The only stakeholder benefitting is Simon Oddie with his £260k salary. Clearly share price is not a KPI when it comes to his 75% pay rise this year.
I find it really strange that with a username of Selfish... that he is happy to accept mediocre performance. it may be another 7 years until the next well is drilled. they should have taken Wressle by the horns and drilled a couple more production wells then we would all feel a lot happier
This inept PR that required a second RNS to try to justify the loan and explain why the well will be P&A'd has lost shareholders about 30% of their value when w should be moving ahead. They even have a PR company, Vigo, to advise them. Vigo say one of their key skills is improving market perception and overall sentiment. Joke.
My take on all this is the appraisal well has a 30% chance of coming in. Otherwise, i3 wouldn't farmout. So we have a 30% chance of maybe 5p, 70% chance of 1p, with a desperate sidetrack to burn up the cash and then lose 10% of Wressle. So overall, (.7*1p)+(.3*5p)= 2.2p, exactly where we are! So the share price should really be no surprise right now
It never ceases to amaze that the BOD should be building up expectation over Serenity and giving us a >3p platform to launch from on spud, but they constantly seem to not get it with timing of announcements.
If that's a 'sell' of new shares, it is a pretty easy way of making 60 grand! Most LTH's have a long way to go before they net £60k
I do wish somebody hadn't mentioned a placing - that is a totally depressing thought that would stop the rise in its tracks once again
The share price is a replay of the spike last March which went to 2p and within 2 months was back to 1.3p. I firmly believe our CEO doesn't get it one bit. Lack of activity is a share price killer. Could be so easily turned around - and I don't mean a small scale renewable pilot project with one of his chums, I mean real projects that move the dial.
You got it Heidi. What's the line from the Who song - 'New spike, same as the old spike'. SO could have easily cemented the rise with a positive 'we are actually doing something, guys' rns just to show he cares, but no, same old silence. Pathetic management, but then others disagree for some reason
Chariot have today demonstrated, whether exploration or appraisal it doesn't really matter that much, but to have significant share price increase you have to drill. Sitting back and waiting for Wressle to clean-up another 50bopd really doesn't move the dial. SO has to sell the Morocco story and although we are 600km from the Chariot well, he really needs to get this right.
Hi, who is BMD?
Excitement over (if there ever was any) for another year. Ongoing promise to add a so-called third leg, possibly before the [insert year here] AGM. Production will produce cash, the management will spend it. No pressure to lift their game. Plus ca change. Very interesting up to 18% of shareholders voted against resolutions - a well-thought out plan would likely get enough shareholder support to oust the board and kick start our recovery.
The truth is the tedious negative performance of the management is the issue here, not the shareholders' right to expect better (nor even shareholders' miss-steps on who did what and when, because after all none of us are actually present at Board meetings)!
In early 2020, the share price came off a slow decline and plummeted from 2.9 to 0.7p over 2 months. I fear the same is happening again, though amazingly we are starting at a lower base, despite the Wressle cashflow. Without any good news, or to be honest, any news, we may be at 0.5p by New Year. Those who defend the BOD should print off the 5 year share price graph and stick it on the bathroom mirror to focus their minds in the morning! If this company is going to stick with E&P, we need to drill - the last participation in any drilling was a very long time ago indeed. EOG is just not working.
I am convinced we will be here a year from now with Ireland still dithering and Morocco not farmed out, with all the additional Wressle income having gone to running costs. The dilemma is whether I cut and run now on at least a 70% loss, or stick with it on the basis it surely can't get any worse. Any advice?
Tovoc, Selfish has a point but as usual, as suggested by his screen name, he cannot help being provocative just for the hell of it. However, it is not so easy just to cut and run and swallow your losses when so many promises remain unfulfilled. No, missing a deadline or two is not the end of the world, but this management have made it their modus operandi to over promise and under deliver, especially on new ventures.
There is a placing every 18 months or so, just to fill the coffers. I don't think anything has changed to make this less likely.
Absolutely! The likely results rns next week will be a re-hash of previous years plus some self congratulation on getting a single well onshore development onstream 5 years after discovery! If there is an announcement on a 'North Sea deal' , I will at my hat. More likely to be a placing announced imho