Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hey ianfer,
The proactive interview helps reinforce my thoughts on AP and their attitude, although the muppet interviewing him did not ask any serious questions.
I guess if you ask the hard ones they do not come back and you do not have any interview (not that was one).
I will have a watch of your one, cheers.
Yes Char are on the road again but only after several step back, and I have said the reasons for too many. That video on Proactive really just reinforces man with forked tongue.
GLA
rgds Sft
So he does not know why the SP has dropped?
Would have been nice (read: essential) to hear assurance about financing or reintroduced risk (onshore) with the very limited free carry, as another poster commented they gave a heck of a lot away (45%) for 10million and a protected 15million (there is a concern for offshore) ...so when he says he does not know....man speak with forked tongue, by not even encroaching any where near the elephants.
They never talk about funding, this is why it's still about 85% owned by PI and not ii's
Not shifting anywhere untill a successful onshore drilling, that on its own may not get us back to 14p let alone 18p..how much 28million to get onshore to production...Will that be Q1 25? What are the monthly outgoings!? If AP put it out there he would earn some trust!
And YES I have started to transfer some out else where.
The bit of information I had TOTALLY missed was regards OPEC limits for Iraq and particularly the new January quota.
Sorry I am sure the bb is aware and has probably been discussing. That could take the edge of any rush to restart?
My history: Bought in and out of GKP over the years (After the old rerate, Covid March 2020 and out when transferring into other investments, came back in at 130 (too early, I know! ) and recently at 109.
Would be interested in any bb impact assessment on the OPEC quota for January, if the main part of Iraq are already making the quota?
https://www.offshore-technology.com/news/iraq-turkey-oil-pipeline-disagreements/?cf-view
Apologies if this has been discussed in detail already
Rgds Sft
The Kurds squeezed from all sides, how solid are they internally, will that be undermined.
Interesting (very) artical:
https://www.swp-berlin.org/10.18449/2022C58/
Extract "........Turkey supports the Barzani family-controlled Kurdistan Democratic Party (KDP) and Iran supports the Talabani family-controlled Patriotic Union of Kurdistan (PUK). This divide is also expressed geographically, as the KDP controls the parts of the KRG that are close to the Turkish border while the PUK controls the regions along the Iranian border. Therefore, Turkey and Iran’s support of rival factions in Kurdish politics has not created significant problems in their bilateral relations, at least so far. Nonetheless, two factors are aggravating tensions....."
Can the Kurds retain their belief in themselves, the leaders support the people or fall to greed and exit strategies via Cayman Bank accounts?
Will riches for the leaders lead to internal division?
You can bet Iran, Iraq and Turkey all see that as a strategy with oil as the prize.
Rgds Sft
Hey Itsaponzi,
Re shorts, they do seems to be loosing a bit of confidence now (albeit in December)
https://shorttracker.co.uk/company/BMG4209G2077/
Interesting artical
https://foreignpolicy.com/2024/01/18/red-sea-crisis-energy-oil-houthi-attacks-shipping/
With the, Houthis heating things Straits of Hormuz issues heating up, as others have said, pressure and serious consideration MUST be on the rise to reopen the pipeline.
True the Iranians would most likely NOT support a Houthis attack on an Iraqi flaged tanker (Galvanising a country) or producing an enviromental disaster as per artical)
Also as in artical places like of Brazil, Guyana, GoM etc (and EVEN more of a threat to prices is if Venezuela EVER get their house back in order).
Even though the Kurds may feel let down by the USA, to side with China would not be the way they would head, then they have fully lost the US.
Disclaimer note: Trump of course being the wild card having abandoned them last time.
https://foreignpolicy.com/2019/10/07/trump-abandons-the-syrian-kurds/
My opinion is that Iraqis (and Turkey) wanted to take the Kurdish down a significant number of pegs to stop further promotion and aspirations of independence but there is to WAY TOO much money involved for ALL 3 parties for this stand off to continue for TOO much longer?
I see (for my own investment stratagy/ guess!?) resolution in 2 to 4 months.
Thoughts?
Rgds Sft
Good find and post BDC,
How do LTH's see the company's liquidity to production income holding up to some time in YR24 if costs are as expected: "overall development capex of US$28 mm (including exploration drilling"
Current cash in bank, operating costs /outgoings and timings on receiving the US$10 million payable on completion of the farm in transaction and US$15 million payable on Final Investment Decision ("FID")
Genuine question.
Thank you for your input MYoung.
If ONshore is successful, it will then be interesting to see what information the board put out for time lines and costs to production (CPR, reservoir size, expected flow rates, FEED/mode of transportation of gas, GSA, FID, Sanction, project development)
Rgds Sft
Small consolation:
Still no declared shorts (above reportabe threshold)
https://shorttracker.co.uk/company/GG00B2R9PM06/
Just my opinion but when should people look to buy more, to help with their average?
Very difficult (obviously) but I feel:
1. That we have had a market rerate due to previously mentioned (imo) factors
2. But on top of that there is a (or multiple) sellers adding to this.
So would it be better to look for a stabilisation in buy and sells before adding?
Could that be a pause by the sellers, then they restart after seeing a lift?
It's trying to understand why sellers are selling, what Risk remains in the company, what are the basic operating outgoings, what if onshore gas exploration is a fail, what are the costs to get to onshore production, what is the expected returns, what cash is left to get to offshore, how long will that be, will the Company spend more cash during that period on the other pillars, would they need to go back to market for another placement? Which we can do SOME VERY basic calculations on and also guess?
What would be nice is to send such questions to the CHAR management and ask them to provide answers.
If you were investing into a private company yourself you would ask for such information, but I guess as a share holder you can not get such answers from BoDs.
All just my opinions and would welcome constructive discussions.
DYOR
GLA
I am hoping that it's one seller, but it may be several derisking????.
It's intresting that the sp was actually dropping before the RNS, not a lot but it was there.
Yes its been a very painful time, not going into interactive investor to look at my isa account.
It's interesting that you say Energean are waiting for operators approval, I had already checked what the Morrocans had said about the appointment on the RNS, which of course was positive...but do you think there could be some pressure by others in Morroco on who is going to be the operator I.e. An Israeli company????.
They may be holding that back for a while??
Once the selling eases off, hope fully some will see an opportunity, whether its institutional investors and not more of us PI (less risk adverse, if you do not tell the wife, of couse) remains to be seen.
GLA
Tr-1: Further more if you consider its been 47 days since the farm in RNS: If the seller has been exiting to the tune of a say a minimum 1 million shares a day at 47million share they (IF a single seller) MUST have passed the 3% TR-1 threshold? So it could be they are delaying on any notification. Speculation only of course. Time will tell.
GLA
Does not seem to have bottomed out yet, must be getting close though by now. Although the seller(s) still seem steady. That's why crossing the 3% threshold and a TR-1 could be instructive as in it shows they may go for a full exit??? But as before they may issue the 3% TR-1 late, FCA is notorious for doing little or nothing to enforce /fine infringements.
Ask the question if any one is on an investment platform that can look back and see the total number sells (indicated) since the farm in RNS date? Anyone?
Hopefully one of our limited institutional investors should declare their exit soon?
I.e. Covelis or Askar Alshinbayev, Westwood investments or Meridian Capital International Fund .
Point of intrest how:
AA and Meridian are tied in together (scroll down to "who owns it now"
https://www.occrp.org/en/paradisepapers/kazakhstans-secret-billionaires.
Ps: Of course AP and Westwood are also tied in together also, but AP added again £60k so Westwood would of course not be selling their 10% controlling influence, AP could loose his Directorship!
For me it's all down to the farm in partner selected (Risk), VERY free limited carry (that has risk protection caveats built in), repayments requirements, does Farm in partner have the development cost financing (risk), will we find ONshore commercial gas (risk), how much cash to develope to production (Risk), if onshore a duster is thier enough cash runway to get to OFFshore production (Risk), Will management spend on the other pillars, what when are the expected return (Risk).
All my own speculations and my personal company risk assessment.
Any bets for the bottom price?
Still no RNS for a TR-1 issued for change in holding status, but nor sure what the time line is on a 3% change. I doubt the seller would be fined if they were late. Might not want to show their hand if they held/hold +3%
Bit surprised that we are now into 8p, but must be another pivotal company cash spending vs no income RNS coming out soon 🙄😂
GLA, we need it.
Rgds Sft