Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looks good and that turkey asset is huge if successful. Not sure why suspended or why not much more fervour on the boards.
Strong cash position, know what they are doing, gas outlook great. Assets ready to produce in Thailand from distressed seller.
To who ever got the trade today in a suspended share.
Who is your broker?
Pumped for the restart.
Mr.Investment
Posts: 2,207
Price: 0.1975
No Opinion
RE: Quarterly reportTue 09:19
Looks like another 10,000,000 chucked at 0.1956 ready for the placing. A very easy 10-20% for the IIs who pick them back up again at 0.16-0.18p.
Those forward sellers from yesterday selling 10m at a time. They are going to have to change their insiders to get better info. How upsetting.
It was at a premium and adds fund so there is no true dilution. Not even any warrants. Mainly one investor.
Novum probably begged for some or complained. We just have to hope refrac is on schedule now or something happens deal wise before then to spice it up further.
TBH it was .19 before production restarted so .23 would have been much fairer I think and probably what Roland felt and was gunning for but market conditions and deramping and games probably didn't help.
Still a respectable deal and looking well undervalued against peers. Even before the production ramps up or other projects kick in. A genuine recovery in play.
Small premium to close. No warrants.
Lth edged it and it's good news.
The RNS in December did appear to say drilling had started too.
This was one of my picks for the year but it does seem to have slowed down I even thought results might be close but it's just a drill plan. Directors seem like they go off it and get distracted by crypto etc just like they chase anything at the time that seems like they can spin money out of it. I would like to be holding some soon though if it got a wind behind it.
Usually the whole thread disappears not just a post.
Nothing in here of much worth written for quite a few days.
Roll on placing save us all from people that constantly need to tell people they are wisely waiting or misinterpret the trades board to their incessant deramping.
Yawn.
If its a great rns friday 3.30 b4 a bank holiday not really the time for it. It's not been over 8 ever. If it goes over 10 this week i've obviously missed something but GLA. I used to hold but forgotten most of the story. I feel OMI will 3 bag by lunchtime though.
Other shares have had premium placings this week so it is possible. Also if its not a forced placing or with warrants and fits strategy of others could happen. Any ii is likely to have some level of info not in public domain too it is almost inevitable they will get director hints. It's not that odd to announce funding requirements but a bit odd to admit to a placing just before one. Makes me think there are aces in the sleeve or high confidence. I think more than in most situations it is clear the co is undervalued so that could help, or someone may want a cheap stake leading into a possible. We shall see. Production has restarted after 3 or 4 years legal wranglings so progress is strong under the new management. 1 tcf is a large potential resource and scope for more work in India or the UK.
Board needs some quality back on it was getting embarrassing a shorter and a neghead gossiping all day when there is a turnaround underway and genuine strides forward on a 1 tcf asset and CCS plan unfolding.
Still a lot hinges on refrac and raise but good chance of success. Hoping on corporate front things might escalate quicker than thought.
CEO can't pander to traders but hopefully soon enough patience is rewarded. He has tried to answer some critics but is delivering well on most objectives when the world and India needs gas.