Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Blissful
The part where CH was stuttering about explaining the 3 promised drills in the original this has been cut in the TP copy, as per the select questions very lame and chosen considering, but what was to be expected.
I watched the interview live, and since viewed the edited version several times.I take it that this interview supersedes any previous statements in RNS's over the last 20 months. In a nutshell when you take out the hype, as of to date two wells drilled non of which we have results (speculative 16-2 could be 2100 bopd or 440) 32-2 await results. The only milestones we have hit in this time are accusitions and funding (setting up a background for salaries for years to come) which have added no value to the SP but put us in to debt and added 300mill shares (dilution) . The purpose of the 36 mill fund raise to purchase the non op was to accelerate the paradox.this money has not been allocated and as of the interview is not intended to be used The interview has laid no clear path to the future, do we drill, do we spend money on pipeline, do we buy more non ops, do we just see what happens, the item that was edited on the PT web site from the original interview was the failed drill plans and production from 2022. Saying CH has lied to us in creating a lifestyle company on investors money would be strong, but misleading us to gain this wold be not far from the truth.
Most on here have seen my past posts on here as being negative, as I have questioned the missed milestones, please tell what is going to make a difference to the SP until a 3rd party gets a pipeline in place or farms in by a more advanced operator, CH and the Crew are out of depth. I have since pulled a third of my shares to try and re-cope my loss elsewhere( original buy in was around 7 in Sept 2021 managed t get to a 575 Avg with buying on slumps, I now need with my loss need at least 7 to break even (not been a good investment at all ) This I hope will come good but think it needs a third party to step in and take control, if there's oil there let an oiler get it out without all the issues. best of luck to all
The purpose of the webinar is to talk through recent events and progress at Zephyr's flagship asset in the Paradox Basin, U.S., as well as an update on the Company's non-operated production and development portfolio. It’s outside of market hours so should be an open discussion, not needing an RNS until following morning Hope he has something new to declare. Else yes more damage than good in repeating what we already know
Northern
Not that I’m against future acquisitions, but feel investors at the moment need returns from the 36 mil spent 18 months ago which was sold as being the way forward to an accelerated drilling campaign in the Paradox. The purchase of further interest in non ops won’t really lift the SP but just guarantee incomes for the next few years. Money spent on running a few pipelines ourselves would be another issue
With the interview being held outside of market hours it should have no restrictions to what information is discussed, as long as backed up with a RNS the following morning. Personally I hope it focuses on the future routes to production and not just the present state of affairs, as we pretty much know that. I hope there’s no more acquisitions to come just at the moment
Fingers crossed he has something to add life to the struggling SP GLA
Northern
No disrespect but your painting rainbows here you wrote.
noted in the interview one of the key things CH mentioned as an aim was to get production moving as soon as possible
This interview was 2 years 3 months ago
16-2 is now on the back burner, if it ever produces will be a bonus. Yes great interview if you only look at the positives, we won’t mention the dilution or debt that has taken place that was a no no in the interview.
The acquisitions us shareholders have purchased have given the BOD a nice lifestyle for a few years but when do U.S. shareholders see a profit. Lots of grins and smiles when wanting PIs money not much when we are expecting results
I have just under 3 mill shares, to me it’s a lot of money., I hope it comes good to be honest the past is a better story than the present.
But good luck to all
In Dec 2021 we were all told to be excited about 16-2 production test results and it being brought into production at the earliest with estimates of up to 2,100 boepd, then came the infrastructure issues as to the gas and flaring. We then have news that we have commenced procurement of crypto facilities up and running in 8-12 weeks, 13 weeks later we get told they didn’t bother as crypto prices had dropped. We then go on to 16-2 not going in to production anymore but needing an extended production test, with this we finally get told of the salt issues and on completion of this the 1st stage of the extended production test that we are only looking at 440 boepd. Due to flaring permits we now have months to go on another stage of tests. Why would you just come clean and say there was issues with salt set up the mobile crypto facility and carry out all the tests you want , at least it would be in production and would have covered the 2 mill cost for a reusable flaring solution.
Wouldn’t worry about the BOD loosing out too much, as they don’t pay market value for their shares never have never will. Thanks to us shareholders dishing out for the acquisition of the NonOps the BOD will have a nice salary and be able to have the money to buy shares for a few years to come whatever production is . It’s a win win for them ain’t it
Yes 18 months of over-promising and under-delivering. That being mixed with I would say more wise than naive release of the full situation to shareholders by CH are where we are today. 16-2 Being the carrot for 12 months to now being on the back burner, we are now awaiting results on what will hopefully be our saviour. What happened to the whole story of the acquisitions accelerating the Paradox, 3 wells plugged in by end of 22, 10 wells in 23? . Here we are going into Q2 1 with 1 well and no results and nothing in the pipeline ( excuse the pun ) . The SP was in a better place 18 months ago we had money in the bank/ no dept, plans to progress with another well in the Paradox, not to mention we’ve added over 300 mill shares since then. Still in as fingers crossed will come good, but end of tax year I don’t think is the issue here. ALB TLTH
We had a Red Morris 1100 back in 1970. We had just got off the 6 week trip to Oz on the £10 ticket. As a Family of 6 we lived out of it for 10 weeks, as me dad drove from West to East up North and back again looking for work and a place to live, a lot of the roads back then weren’t even with tarmac. The two bench seats went from front seats to back window for me and my elder brother, the suit cases came off the roof rack into the back floor wells and made beds for the younger brother and sister, Mum and dad slept in the front seats. Ended back in Perth, but oh yes memories are gold. .
Risky
Typical response from you, would say that update as quoted in RNS for early Jan, early jan to mid this would be news imminent, now early Feb it is overdue. You seem to have a problem with anyone that brings an opinion away from your own. Personally I have invested over the last 18 months a huge amount in my world, this is because I believe that there will be an out come and hopefully a good financial reward, if the next news was imminent or in a months time so be it, my post was as it was written they have and do let themselves down on missing the milestones that they set, simple. Stop being so aggressive, we’re all here for the same reason and this is a board for people to express their opinion. Best of luck all
What happened to the update early jan, another missed milestone by CH. Thus a board full of assumptions and a struggling SP. Of all the good the BOD may be doing in the background it spoils it when they keep missing these goals.
The 4 1/2 years programme all kept very quiet, as the last funding was to cover extra testing on 32-2 as well does this in fact mean no production until at least March of 2024., from either well. This would not be good short , mid term
Bhoys
Yep still here, living the dream, Over the last 16 months although frustrated at times been following me gut feeling, slowly building and lowering the Avg, so from the around 7p buy in, down to around the 5.65p. So as long as we stay above the 6 I’m sweet. Lot of squabbling on the Board of late, so not been getting involved, it would be nice to have result that maintained momentum here, but as said previous don’t think that will come until we actually hook up and start producing.
Hope you are keeping well, and glad your still following the Share. To all LTH best of luck its got to happen soon.
I remember back in early 2021, after their shambles of an attempt at P1, it dropped to 0.60p. There were the the likes of Starchild ramping this, it was never to go any lower had hit the bottom and the only way was up. It went on to be consolidated, various fund raises and dilution, then after not paying any of their bills put the past behind them and changed their name. Now it sits at 0.10p and we are being told it can’t go any lower good investment. Sayin up our way, you can paint the kennel but it wont change the dogs that are in it. Best of luck