Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://www.chronicle.co.zw/relocated-binga-families-homes-near-completion/
Think I would have preferred an RNS on production, cost of production and train deliveries myself.
Take it now they can't talk much about the above as its "market sensitive" information?
With or without news on any other front think that confirmation trains have been running again will go down well.
Almost looking forward to next week now.
"Next Tuesday"? Are we expecting news?
Good to see the bounce and the fact they're still getting a steady stream of buys. Would like to see an ops update though, esp something positive around the train situation. Reckon that's an update eagerly awaited by a few.
They do have to triple those sales to cover admin expenses alone. How much growth are they capable of?
Think the gov have had to back down as they realise they don't hold all the power.
Elsewhere on the site they were talking about educating the people on foreign influence in the country and its dangers but reading between the lines don't think they want a fight so likely over. (imo of course)
Opposition MP calls for end to protest rallies as ruling party withdraws transparency bill
https://agenda.ge/en/news/2023/964
No, power to the foreign owned media stations and NGO's apparently.
This was only the same law the U.S has to protect itself from foreign influence.
The effected media stations and NGO's ran a campaign calling it a Russian law and got a coloured revolution together.
Sad day for Georgia shows we plebs are just mugs to be played.
With the farmout and WR-B01Za Test Results due at some point these could look very cheap down the line.
Didn't expect them to move so quickly on this one. Georgia Oil and Gas Limited must be keen imo.
"GOG has completed the seismic activities agreed under the terms of the farm-out agreement, specifically the acquisition and processing of 210 km 2D seismic, reprocessing of 1,000 km of existing seismic data and initial interpretation.
The Didi Lilo and South Samgori areas form part of GOG's broader portfolio, covering some 13,500 km2 which GOG estimate to hold total un-risked prospective resource volumes of 3.1 TCF of gas and 1,400 MMbbl of oil, which underpins its high-impact farm-out strategy."
https://www.investegate.co.uk/block-energy-plc--bloe-/rns/completion-of-farm-out-agreement/202303090700063698S/
These could have a very bright future yet imo. The latest drilling update was quite positive once the wellbore issues are sorted.
"The drilling and geoscience teams have done an excellent job completing this well, given the challenges experienced while drilling the horizontal section. Drilling data indicates a good reservoir containing oil with significant gas. The extended test will provide the data required to optimise the completion design whilst monetising both oil and gas produced."
Market doesn't believe and likely won't til results are in but almost quietly confident myself.
BEN are only that low due to investors not knowing for sure what production is, the cost of that production and when the next train will arrive to take their coal away.
They had no trains in Feb and none so far this month either.
If they get that sorted esp the trains then they'll likely be back at 40p in a shot (imo that is).
Quite the positive update on twitter this a.m imo.
Our #CGO Wirtgen Surface Miner is finishing mining the weathered coal in the initial open pit, before moving into fresh coking coal later this month.
The surface miner has the capacity to mine up to 1,000 tonnes per hour in these coal seams..
https://twitter.com/ContangoPlc/status/1633365325969338368
Decent video too showing them it all in action (though think the stripper was unnecessary)
Seems rail transportation has been an issue since the coal price rose, if the rail co.s are to believed they're getting to the time when they said it would be sorted.
Old article so unsure as yet if there's been any industry updates since?
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/rail-service-meltdown-constraining-us-coal-sector-in-hot-market-70189190
"Stock market transfers money from the inpatient to the patient,"
No you've got that backwards. Patience in this market means you're the one who gets hit with the bad news everyone else was selling ahead of.
Seems to be deliberately slow.
Strikes me that Morocco is his golden goose. If he drills and its dry then no more reasons for peeps to buy into his placings. They're certainly not going to buy in for Trin or Ireland.
Better link imo.
https://www.locomotives-for-sale.com/Rolling-Stock/Locomotives-Multiple-Units/
Wasn't too worried about no trains in Feb as saw stockpiling some inventory as an acceptable plus but ongoing problems doesn't sound so good.
They've got their own track why not buy a train to go with it?
https://www.locomotives-for-sale.com/Rolling-Stock/Locomotives-Multiple-Units/SW1200-Overhauled-Diesel-Electric-Locomotives-For-Sale/
Not sure myself when we'll get news. They're on a longterm production test with WR-B01Za now so guessing its wait for them to decide when and where to drill again on on Projects II, III, and IV as per the last update?