Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Offy, I get that but normally a pile of cash helps in most circumstances. The cash is starting to roll in so why is the sp falling? There comes a time when people say show me the money. You show them the money and all is good, if you don’t you have a problem. I am puzzled.
This makes little sense as posters say. Gas is now at circa 133. Our production is stable and on point. Angus should have strong cash flow at these levels yet the sp falls. Something is rotten but what?
Panama at least Art invested substantial amounts of his own money unlike SS at UDOG. My issue with production here has always been around waxing particularly in cold weather. I am not an expert but no one has yet convinced me that this issue has been resolved. In the meantime I am long. I bought another 1m shares yesterday in 2 500k tranches to average down. Fingers crossed.
The disconnect between the mcap of 13m and the assets in the ground is astonishing. Essentially we are priced to fail. To me this is binary. If we increase production and we get a JV this multibags or we go into liquidation and we get next to nothing. I am long and in the multi bag camp but either scenario is likely. So pay your money and make your choice. This is ultra high risk so gamble accordingly (it is not investing due to lies and lack of transparency) . Also I would say a word of warning to the smug traders. If the trend is down it is very difficult to win as people with 88e and UKOG have found to their cost.
Tullow are still forecasting using $80 per barrel. Current oil price is $92. At 60,000 BOPD that makes a lot of difference. I have seen a number of forecasts at $100 pb. Hedging etc will make a difference but as posters say if oil keeps going up ultimately so will Tullow.
FWIW I sat through a presentation about VCT’s angel funding, private equity funding , Seed capital etc. Depending where the company is positioned on their journey and risk the 3-10 times multiple typically always applies. Imagine a world where lots of companies want funding so the investors can choose where to invest. In such a world the expected returns become normalised for level of risk. Projects that don’t have those expected outcomes just don’t get funded (other than by banks etc).
Hmmm interesting comments . I have no mining experience but have spent my entire career in financial services. Institutional private equity money is typically looking for 3-10 times return with a 5 year investment horizon depending at which stage the investment is made (and therefore the risk). They look at the numbers very closely and would be very sceptical here. They have access to far more information than a PI . Throw in the JV factor and perhaps they are looking at a shorter timescale potentially so perhaps willing to consider 3 x return next year. Accordingly, I believe that 12p is a minimum target for next year. All IMHO DYOR
Buy the rumour sell the fact or sell the rumour buy the fact. Tullow has had a good run up to this results so a bit of profit taking ahead of results. Having dipped prior to results decent results should lift the price. GLA
My Takeaways:
Glad this done at 4p rather than 1p.
Art moved to JV and geology (what he is good at)
New CEO = Better comms/trust
Funded through to q1 2024
JV looks nailed on but very complex
JV with industry leader
Costs reduced but await production uplift
Overall good result. ALL IMHO
One final thought Singie did you ever watch yes minister? The civil service run the U.K. not the government. Now just imagine how annoyed you would be if you were a senior civil servant planning to move to Brussels fo r a few years prior to retirement. So final salary pension. 150k salary uplifted to 250k ( so all past years now at 250k). Then after retirement the pension tax rate wherever you live is reduced. I advised a civil servant literally livid that they would pay normal U.K. tax on their uplifted pension post Brexit. A few extra questions. Who compiled the figures that said the U.K. was doing worse than it is? Who took the pictures at number 10 during lockdown?
Singie, if I was to guess you come from London. This is the home of the liberal elite. Those who know what is right for everyone and have better standards than the rest of us and so far up their own backsides even a colonoscopy would fail to reach them! I could have an intellectual conversation with you as to why Brexit is within the logic of history. I remember listening to a professor in the mid 80’s telling me why the United States of Europe would not work since without true distribution of wealth the rich (Germany) would get richer and the poor (the Mediterranean states) would get poorer. I could tell you that thenUK gott wealthy by not being part of Europe ( Navy = Armada, Trafalgar = control of seas = trade) . I could tell you that much of the EU is based of Napoleonic laws ( but he didn’t like us). We are the 5th wealthiest nation on earth. If we can’t row our own both god help the circa 200 countries with a smaller GDP than ours. Has Brexit failed? Actually too early to say.
Without wishing to be rude it is currently not possible to work out NPV because we don’t know the extraction rate. However, what we do know is that a JV massively increases extraction rate and NPV. Lots of room for speculation here.
Single I guess you must be gutted. U.K. economy figures have all been revised upwards. Also we import circa 5% of our electric per the national grid. As I say don’t let the facts get in the way of your negative U.K. agenda.
Rarely have I read such complete drivel. The MCAP here is less than £30m. When we were at 1.5p it was substantially lower. It follows that "dark Forces" or institutions/corporates can acquire bucket loads for a relative pittance. Even now £30m is pocket change to larger investors. If this truly is worth 100's of millions there was/is no need to crash the SP as the purchaser still makes a handsome profit at 20 p/30p etc .
GRQ - debt is circa 2bn with free cashflow approaching 200m and rising. The 1.8m capital raise earlier in the year has IMHO done the job required to bring things into line. Assuming trading remains positive we should not need another capital raise..
Single, I think you need to look at national grid live. In the last 12 months we imported circa 5% of our electricity…but don’t let the facts get in the way of a good story.
On the back of both the RNS and having booked 4 TUI holidays this year I have just bought another 10,000 shares. This brings my B/E down quite nicely. The rights issue is behind us and bookings are strong. We should be back over £6 by xmas IMHO.
Some strange comments here. Someone with 2.5m shares would make 5k per 0.2 rise. So you only need 500,000 shares to make 1k per 0.2p rise. Forget the bottom, had someone bought 500,000 shares at 2p it would have cost them 10k. A 10k investment is well within the budget of many posters here.