Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Without overly going into numbers, the math is quite simple. If Txp deliver goals on Coho and Cas production and deliver $100m cash flow then even low balling you have a market cap 3 times where it is now and a future potential dividend of 20% on current capital.
Positives - no exploration needed, fully funded, learnt from previous wells, infrastructure mainly in place.
Risks - Cac C not as expected, Coho still does not deliver optimal rates, production rates decline quicker than expected.
I personally don't see any issue at Cas and Coho is not the game changer so I think for most PIs the biggest risk is time, it's been a long time coming and there's still a few laps to go.
For me I will add, to my SIPP, where time is less important and at this SP with current production it's a safer investment than risking your future income on typical aim companies with no revenues. Good luck all.
6o miles a week? Thats doing a little under 5 half marathons a week. I do max 30m a week which is nigh on impossible with full time work and kids.
Also if you are older you are going to get serious knee problems trying to maintain that distance.
The lower test produced over 500bopd, you need to read the RNS from the second test. The test 2 oil pool is included in the reserves report.
So far the recovery factor for the overthrust is disappointing but i agree there is potential upside here. However its the intermediate and subthrust that will define Royston, i guess we are looking at June for a spud date earliest so its a waiting game, which is tough on Aim.
The Cas 1 test results were also constrained by the test equipment, so comparing permeability to RNS flow rates is difficult as Cas may be able to produce at rates 50% higher. In any case the cost of development well to payback is pretty good at anything over 2000 boped I would assume.
What are peoples expectations of flow rates and what would be deemed as good?
Royston has risk, to believe it is in the bag is wrong. Coho development has been a watching paint dry exercise with still no start date and Cas has to go thru the T&T gov sign off, which is not known for its speedy nature.
It's a waiting game, patience and a bit of luck with Royston.
How can shorters be dumping? Surely it the other way round.
The reality is the stock on loan was executed in March, timely given the Chinook result. Since then the SOL has actually dropped a little, so the SP action April to now has nothing to do with shorting, there just has not been the buying pressure given the delays and wider market sentiment.
its closed due to Covid and previous **** predictions on FI oil drills.
Yep, you could get quotes on any sells yesterday, higher than the bid, clearly there was someone taking all those PI sells.
Alas, Aces bar is men only.