Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Contrawise, LO are guaranteed 15% profit and will continue to dump shares, irrespective of the share price. They tend to sell more on days with higher volume similar to what we had on Friday. They are a hedge fund and thus minimising their exposure to the risk. I highly doubt anyone besides a very few people on the ship are aware of any potential finds. Either way we’ll be put out of our misery soon enough.
GL
TRP why would you place a buy order at 1.85p? Clearly LO are happy to keep the price above 2p. It will only hit 1.85p and lower if P1 is a duster. So in essence you’ll be buying when everyone else is dumping. Why don’t you just stop trading this share? Th SP is still very cheap and the next two weeks will be very interesting. GL
The SP would have been much higher than it is today if it wasn’t for the recent fundraising. Still very cheap in my opinion if you consider the potential upside albeit high risk still. Good luck to everyone!
Cars, there was a 14m delayed sell this afternoon which would explain the small rise despite all the buys.
There is no scenario where this company would survive if P1 is a duster. Imagine 500-600m shares being dumped at sub 1p. It will ultimately cost their heads. I see this as good news and will add today.
Equally, why haven’t we got a TR1? Are they really dumping share? Perhaps now with the extended agreement they’ll wait for the results as they will have plenty of time to dump shares after.
ShareScare, I believe we’ll get a delayed TR1 on Monday. Equally, we should receive a late reported sell which would explain the share price on Friday despite of all the buys.
Bespoke my thoughts exactly!
CarsCoffee, it’s dangerous to start second guess what it means if they take the additional funding or not. All I can think is that it will be financial suicide to take the funding with the current terms if they hit a duster.
Siddy1972 do you have any shares in BPC? Looks like another one for the filter box.
Jolly790 Amen to that!
Autonomy, the JR has nothing to do with BPC and directed towards the government decision making process. The judge has already ruled that the drill can’t be stopped. Worst case scenario the government will get a slap on their hand and will change the EA granting procedure for future approvals. Highly unlikely though.
ShareScare, fully agreed. I don’t really see the point for F. Smith to continue. He’s made enough noise to be heard in his political agenda. What I’m more interested in at this point is if the company take on the extra funding. I’ll be buying much more if they don’t by next week.
GL all genuine investors!
It means the drill continues!!! Great news.
Jono44. I agree. However, with the current share price it wouldn’t make any sense as the company would have to pay the guaranteed 15% profit in cash which I presume they don’t want. Either way the drill bit is spinning and we’ll be put out of our misery soon.
GLA
I sometimes wonder how this share would perform if they closed the chat for a few weeks. I bet better than it is at the moment. Then again what would most of the folks here do with their days?...
At least the drill is spinning.
PageofCups my thoughts exactly. The oil is there and plenty of it. I suspect at least one Major is aware of it and now just a matter of who will extract it first. There’s way too much noise surrounding this drill which makes you think. Very exciting few weeks ahead.