Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
At £6.5 m again despite allegedly revolutionary technology…….disappointing is not the word!
· The Company has had its application for land access for 2024 operations approved by the Matad District Committee. A land use agreement is now being prepared which, once signed, will allow 2024 operations to go ahead commencing with completion operations on the Heron 1 well.
It states this means work can begin whilst special purpose land is going through…….so this is all good cautiously.
That’s five years worth of oil they’ve now kept for there refinery, I’ve always said that’s there objective. I would say they’ve nearly run out of excuses now, but they appear as soon as one disappears.
Next two months news is crucial or we are going to see sub 2p.
On the other hand surely 12p plus if we finally look to get it out the ground.
Or will we find out in a mornings RNS with the results due a week ago at last?
Last year, a number of Ned of year results and presentations…..this year nothing….I’m just hoping no news is good news
Before we even mention profit we need production and there’s still some points to clarify.
Formalities of licence how long will they take.
I assume (correct me if wrong) we also will only produce until Winter kicks in, so if formalities take a while will it be worthwhile starting to produce this year.
The reality no matter what rampers or derampers say, is it could go either way….with production we may finally see 12p plus talked on here for so long, production next year and it’ll be 3p area…..
Hopefully a quick update from MB will dictate which direction we take……a petrochina buy out is my preferred option ! Lol
Ultimately LP bought no respite……it’s high risk, although a bit less than before LP.
Being a producer of oil opens up a whole new ball game.
Cash raises no longer needed as oil production can be used as capital for loans etc etc.
Mike Buck at last fund raise also stated
‘ "This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year.’
In fairness he isn’t…….
However a placing is 50/50, I thought he’d raised enough to get oil out the ground and a second drill…….but surprise placings are not a new thing to Matd.
That said I’ve seen shares shoot up day before a duster and shares shoot down before strikes……so sadly Matd as unpredictable as ever.
I’m looking to buy more if Velociter a duster and it dips….
Hard life being a Matd shareholder…..
I did a lot of test buys yesterday and indeed very hard to buy , most I could get up was £3k worth and lowest price 3.85……compare that to when I sold 3m a week or so ago and sold the lot within 15 mins…….probably hoovered up by Mongolian cabinet ministers knowing they have to issue licence soon ! I mean it is corrupt Mongolia!
This surely must be the slowest and ungraded stock on AIM……and I’d swear it’s soo undervalued ……so I shall continue to watch the paint dry for now.
This is one of weirdest oil drills I’ve ever experienced, totally being over shadowed by LP.
Weird thing yesterday was that all 2.9m of shares I sold were hoovered up within ten minutes, and yet when I did a test buy later, literally 15 mins later, no shares available ……did make me wonder if someone knows somethings imminent….
Bluechipz - was £100k up a month ago - Arh the privilidge of hindsight …..
I’ll wait for an opportunity if one comes, although also go my eye on Boohoo (more to fall yet) and Enteq (possibly rise still a few months away)…….
I think I may just reinvest profit on this one if an opportunity presents itself….
I’m sure the LP will come at some point….good luck all…..this will come good.
Share trades are absolutely incorrect, I sold three lots of 500k this morning and
Three Lots of 250k and a couple of 150k and hardly any matching…..2.9m in total. Took 40k profit…..if I get a buy back in opportunity I’ll take it……if I don’t ce la vie. Good luck all enjoy the ride …
I have to saying does amaze me that after six months of certain posters saying licence this week or it’s already been approved have ‘neck’ still to be posting it.
Not even Mike Buck puts a time line on it (apart as a boost to share price when he’s doing a fund raise).
The last RNS said next RNS on spud pretty much, so I’ll be surprised if it even mentions LP . I sway towards a short term rise on SPUD.
But as I’ve said on countless occasions if a duster it’s all down hill until LP comes in and that’s a fact………although the happy ending is I think LP will come in Sept/Oct……giving us a year to get our rigs in place for the oil refinery opening in 2025……until then prepare for a bumpy ride.
Seen this so many times, RMP, RRL…. solicitors letters, someone offering to take them to court, never seen one success…..you play the AIM you accept the risks…. Simple.
Hopefully SPUD RNS in morning…..first action for some time for Matd and LP hopefully in final stages (have to have faith till we are RNS’d otherwise!
Good luck all ……not over till an RNS tells us so!