Wolfi this is the bit that worries me, "Codelco and state miner Enami will be given exploration and extraction contracts in areas where there are now private projects (!) before the national lithium company is formed. For people who are ignoring this you are putting your head in the sand. Very glad this came out this morning as I was about to buy a bunch more today but that is on hold until this is cleared up. If this was to have no effect on the company you think they would have lined up an RNS first thing this morning saying so. They are also no doubt trying to get some clarity.
I ask for clarity because the company will not gain support from private investors/big investors until it is clear just what is going to happen in this new relationship. It could be good news if the Govt is prepared to provide some funds to get things moving or it could be bad news as CTL is the only company with the new technology that Govt is talking about. What easier way to start your new Govt Lithium Company that to take over a current minnow who has found tons of lithium. That's why this needs clarity from both the Company and the Govt.
Jonathan that maybe the case but clarity from the company is urgently needed or this is only going one way. There is a chance you lose the lot with these type of socialist Govts as they do not give a fig about private investors, so who is going to invest. They see easy money and want it all.
Unbelievable it was always my slight worry about investing in this part of the world. This is going to put us back until its sorted one way or another. The company needs to put out an RNS soonest to tell us what's going on and how it will possibly effect them or not. Bloody socialists!
Good spot MM had me worried for a minute that it was not going to involve lithium but it does!! Lithium is going to become a very sought after material. This is just such good value at the moment and definitely flying under the radar, I am definitely moving more money here as soon as it becomes available. Just for info go and look at companies producing lithium and you will find their shares at the £60 pound mark, CTL are at 56 pence and yet they have found copious amounts of lithium with so much more to come. Aim to be producing in 2025, you do the maths and if you don't think you could make yourself very wealthy off this company then your deluded.
Cry Wolf did you not read the RNS for goodness sake. They have just been through a horrendous winter with record breaking snow and cold temps. It is still causing problems as the snow melts, that's why production is down. Good grief some people.
Another very important statement not yet picked up by people, “ Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”. The billion barrel new find is looking good and it’s now been looked at in detail by the Big Oil Compant. This is taking time but it is coming together, hang in everybody.
Definitely starting to look like a takeover to me. They have held the shares down for a considerable time now allowing somebody to acquire shares on the cheap, kept quiet to the last possible legal moment allowing them to collect even more shares on the quiet. Hang in people now its out this is going to climb hard.
Not a chance Truejack, there is a small matter of ongoing JV discussions and nobody in their right mind is going to vote for a change of board at this stage. AM is very annoying at times and he clearly feels little for his shareholders but now is not the time to change him out.
So Louise if real oil people are not in this stock what the hell are you doing here. Certainly not invested here so it must be short or are working for TW and his gang. I have no idea how you people sleep at night when you quite deliberately set out everyday to try and make people lose their hard earned money. No morals at all.
AOFC before making a fool of yourself, you may wish to do some homework on the company that will answer all your questions. Why should people do your work for you, unless of course you are here to cause mischief.
I can see EF is going to be a massive pain in the ass over time. Self appointed Bond expert which would be great if he did not bang on about them every single post. COPL all hangs on a JV or getting a lot more oil out of the ground. Some may remember Dragon Oil who went for £8.50 when they were taken out, producing 7000 Bopd with about the same number of shares as Copl if I remember right. Even if COPL does not get a decent JV if they can get up to 5000 Bopd in the next year we will be in a much better position.
The first thing SAGA need to do is lift the requirement for Covid vaccine and boosters for all their cruise ships and river ships. No other line still has this requirement and all its doing is stopping people from booking.