Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Grey heron
Sorry but you must be either new to Zephyr or have short memory , as do believe that we have already been shafted by CH, Q4 of 2021 when he was ramping hell out of this share with BS every week nigh on as a result we were Diluted to hell and 36 mill in debt in the promise of accelerating the paradox, still not a well complete. Only in June of last year another 3.5 mill raised for a production test that never happened and gas infrastructure that as to date hasn’t happened . He has done nothing but set him and his board up nicely for a few years at PI’s expense. There’s plenty of ways to skin a cat, I think if you back track over the last few years and read some of theRNS’s and statements from , we have been shafted but at least he’s done it with a grin.
Recent weather, previous weather and forecast weather quite easily viewed with a few clicks on google, has not been or is an issue. The booking of a Rig would be at least 4weeks prior to it commencing on site, ( bad weather is over in Utah by then) thus taking us to mid March. Are the permits been authorised or requested as yet, who knows. Fact is who knows anything. And don’t even mention quotes from previous RNS’s because tell me one other than acquisitions and fund raising that as actually happened. 36 mill to accelerate progress in the Paradox my ass, two and a half years and nothing.
What BS is this , 3 men stood in a desert in short sleeves Utah being in winter. Just more of the same.it’s all about testing, not just drilling and producing oil. The non ops are obviously covering wages thanks to the PI’s beginning to think( no for a while ) we’ve been misled by the grinning CH, 3 wells online in 2022,another 10 in 2023, here we are in 2024 with 0
Less than £700 of buys today, over 6 trades. the BOD should be ashamed that they have let the SP fail like it has, yetin their attitude and excitement that we are ok jack the non ops are paying the bills approach. What have we bought into some real a state in Utah. Maybe the stewards for the environment means buy the land so no one can drill on it, because that’s what Zephyr are doing .
Yep the list is endless
Maybe if CH actually started delivering on something the list may shorten. I’m still awaiting from what was portrayed to us in an RNS 8th Dec 2021 in getting 16-2 to production. The cash required to do this was part of a fund raise shortly after.
Not really getting excited for 2024 , they won’t be doing anything to 16-2 if there is plans to use the same well pad for a planned drill (16-3) . And as for State 32 who knows. A year later
Over 2 years we have had nothing but CH making statements to no end, he needs to step up and start delivering or step out
Chain
Okie dokie, guess I should know better than quoting anything from an RNS. It’s just that at the time we knew of the delay in the Slawson. Can’t figure it at all in oct 2021 we had drilled 16-2 ( supposedly prolific) and we had enough cash to carry out further drilling. Since we have taken on massive debt to buy into acquisitions, that really aren’t providing the acceleration in the Paradox that we were led to believe. So what your saying is that we now need to borrow more money, before we make any progress. Sure CH said something about buying into mor non-ops in salt wash. Have we got our priorities right or we just funding Salaries
Molatovkid
No disrespect but the Slawson are some 10 months behind and results have gone from after initial 2 weeks production to 30 days, now mid Dec. 36-2 redrill is dependent on weather and will be as per insurers requirements, if cost is covered. 16-2 what CH says is happening there take with a pinch of salt( excuse the pun ) 16-2 has sat for over two years, and now because CH says we have specialist looking at it, it becomes in the radar again. We live the dream
I just as the rest of us LTH’s wish for some positive news, but as I have been saying for some months now CH does not have the drive to fulfil that shareholder value that he promotes. Any money/ revenue has been spent on acquisitions that secure income /salaries. Really accelerated progress in the paradox which was promised in 2022 has led to 1 further well after 16-2 that’s two wells without results in two years + .which ever way you want to spin it we have been misled. So to all that remain as CH fans please look at your portfolio and tell me your happy. We have Slawson results this year, can’t see much else other than CH and his open statements, giving little value to a unconvinced market. BLA
Appears we have. Soon as CH knew there was problems with 16-2 back in 2022 he side tracked the intention of drill produce and grow, to take us into a massive debt of 36 mill in acquisitions and set up a life style company. Shareholder value what a joke, PI have just been used as a cash pig to pay the bills on his dream. over two years of his promises and yet he has delivered nothing. Every statement he makes supersedes the last, the market/ shareholders are trapped, there is no plan going forward, we own 46,000 acres of desert in Utah that’s about it.
Chain
What has 36-2 got to do with nothing happening on 16-2 or gathering lines, gas facility referb. You might see my post as a direct attack at the precious Colin, well he is the one making the misleading statements.
Chain
Can we honestly believe anything that CH says anymore, as everything he says supersedes the last statements he has made Other than acquisitions and nest fluffing nothing has happened in 2years Now we are talking jam next year not next week . The only questions in the T and P webinar that will be asked is the ones that CH wants to answer we waste our time on that one.
Best of luck
At some point the BOD has got to take responsibility for their complete failure to deliver to investors any of the statements and promises that they given in the last 24 months. If Colin is again to use this webinar to just grin and deliver the same news that was in the last RNS and think the market will take it , He is wrong . We are far from the 3 wells online by 2022, even further away from 10 wells in 2023. We have not produced a drop in the last 2 years . We were heavily diluted in 2021 to accelerate progress in the paradox. Someone convince me that we have not been used to build a comfortable nest in the long term for the BOD’s . Over promised and under delivered, and like most trapped without big losses. And yet we look forward to the same BS from CH on Wednesday. 6 Slawson wells online by October was the last promise yep
Best of luck all
Got to be news before next Wednesday, Colin stated in the same RNS giving reason for the last cash raise partly that the 6 slawson wells being delayed until October. The money 3.15 mill was to be used for production testing 36-2 ( not done no money spent) and to carry out works to the gas facility (nothing done as known no money spent) last mentioned that they were to look at 3rd party covering works on gas facility. So no cash raise needed as they already done it. Unless they have failed expect news by the 31st of October on the Slawson wells (strange that they are all going to start producing all on the same day)
thought they would have been staggered over a few weeks, They must be saving it to a big day and getting the Major to flick the switch