Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
How absolutely spiffing.
Will CM be another delayed part of the story, given that cash flow back in the Jan operations update was expected to flow through in H2 after work overs get started in Q2, thereby funding MOU-5 drilling?
You ramping t w a t.
The seller just crossed down below the 5% level. That's all. Plenty more to sell if they so choose.
Seconded.
Thebold,
If this bb was nothing more than an echo chamber for bullish, pro-company points of view, there would cease to be any value added by anyone posting personal opinions, no matter how qualified to comment.
I welcome discussion that challenges the prevailing bullish sentiment embedded in each of these BBs. Char isn't a lone figure in this regard. And I welcome Jimmy's willingness to explain, in a polite and non-combative way, with anyone who has doubts in any area of the story.
With greater understanding comes a greater conviction to hold a meaningful position relative to one's total portfolio wealth.
....but that's not what PG said, in his infamous Sunday Roast interview back when. He clearly stated that flow testing is for PI consumption. Resource delineation is what buyers are seeking. ...for that end of last Summer corporate sale.
Thanks for that, Jimmy.
To get towards your 1Tcf target, does gas need to be confirmed at both well locations, indicating continuity between the two prospects?
And is there any potential problem about well formation damage such as Prd encountered at MOU-2?
Dbh, you're the ****, I'm afraid. Please check the handles again. I've never been anywhere near matd. Ever .
Aha. Well observed!
I am a shareholder here as of this week, again. I think the timing is just about right, but I never get the lowest prices.
Good afternoon Jimmy.
I've just listened to the March Loukos Pre-Drill webcast. Very succinctly delivered by Duncan Wallace.
Regarding the Loukos acreage, some troublemaker over on the other bb has suggested that this is a "SDX cast-off", rather disparagingly. I am assuming that SDX did let this go, but can you confirm that, and why didn't SDX make a success of it, if indeed this is a low-risk play, as Duncan (and you) suggest?
As well, I know you have made mention of a possible 1Tcf resource potential at Loukos, with drilling success at the deeper sands. But CHAR make mention in the webcast of just 100Bcf+ (page 8), and this being a longer term opportunity. So I'm thinking this will not get drilled in the 2-well drilling program this Summer. Am I right in assuming that? And why the 100Bcf-1Tcf difference?
ATB.
Cj62,
With respect, go and read up on FDA Clinical Trial phases and what each phase is meant to verify.
Doh.
Politicians rarely keep their word....
I don't get it. SENX is seriously cash short if it wants to deliver any sort of incremental growth in either Romania or Tunisia, even forgetting about its Angola exploration opportunity.
Sounds like we need confirmation of a sustainable recovery with Q2 metrics reaching all time record levels. Just reaching previous peak levels again isn't enough to convince Mr Market.
Who is "Tobin", anyone?
I take it you hail from the country set. Nothing wrong with thast, and I love horses too, but the Aintree circuit has been a notorious deathbed over the years.
A total of 65 horses have died over the course of the annual 3-day meeting since 2000. I just checked, and thankfully no horse was put down this running of the Grand National. But 2 horses did die on other races this time round.
So, Ian, eat your heart out this evening, but say a few prayers for the horses who came to an untimely death, for the sake of money and power. And respect other people's opinions before lambasting them for not agreeing with your own way of life.
Instead of watching the annual slaughter of animals live on tv at Aintree right now, I've been getting up to scratch on CHAR starting with the December 2023 podcast, and your musings.
Inevitably, I'm comparing CHAR with PRD. MC of £100mn and £60mn respectively.
With the Energean cash terms for Anchois, assuming that project gets the green light, there is a significant embedded value of around 6p/sh. So the remainder of CHAR's business is being valued by Mr Market at around 4p/sh. If this is just for Loukos onshore alone, it suggests a large valuation mismatch if you believe the chances are good of eventually making this a 1 TCF deposit.
And in quicker time to cash flow generation than PRD at Guercif, given the way drilling and flow testing has (not) proceeded in a timely way so far, and the order sequence of rig availability this Spring.
Plus a size seller has now been taken out? And fully funded through to first production at both Anchois and Loukos.
Looks very interesting once again, especially with a reputable, entrepreneurial JV partner for the offshore project (and the same ownership interest as PRD for their onshore acreage, 75%).
Jimmy and BRV,
Thank you both for your excellent, objective contributions here.
Sensible analysis, devoid of heroics and subjective manana possibilities.
The drill will tell all, hopefully very shortly. In the meantime, the opportunity opens up to CHAR to share the limelight in Morocco. I wish them well, though my money is invested solely with PRD.
Manica was a dumb purchase in the first place. I totally agree. That's why I was negative on XTR under CB's leadership whilst others got caught up in his fantasy world emerging gold producer nonsense. Seems some folk still cling to that idea.
The best, and only, way for CB to reestablish his tarnished reputation here is through drilling success in Zambia, his home turf, as it were, where he has had a previous commercial and geological win. Bushranger I put on the backburner, dependent as it is on sustainably higher Cu price than we have today, although the signs are looking much better, with the recent metal rally.
All other possibilities require(d) extra cash that XTR doesn't have until the Manica sale (thank the lord). Has any of you seen how desperate it is out there in AIM-land to raise fresh equity capital via placings? Are you lot happy to have funded a next capital injection at Manica at 0.5p/share? Cloud cuckooland investors we have here.
Over to you, now, CB. Deliver the Zambian drilling schedule.
You mean a gold mine which doesn't need a huge upfront capex requirement in order to build future revenues at scale...possibly?