Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
This is a correction to asset base on the potential development of the multiple fields , so based on facts without news can see a ceiling point of 4p.
Do believe first news will be the carbon field , this was high on the news within Georgia and international announced.
For those been here since 2019 like me , its exciting times with multiple announcement on any of there oil & gas fields.
This news is extremely bad for both sides , in the end a resolve will be implemented.
Why investment in product and then going back to old ingredient's.
Its a stand off and poker faces are ready to who moves first , in this case ITX made first move.
More i read the more can see that this is near term.
Good Luck
Just to add checked all the major suppliers and advertising still active , my view on this when operating in america it has been common practice to offer a new product with a discount and ITX did mention this years ago to support advertising and new product.
However in america its common to bash your supplier and at this point the agreement on gentleman terms has failed.
This has set us back , but what's the point in producing goods that in the end the margins are too thin.
ITX must be in a great position to refuse supplying or this may be a game of poker, which ever we will find out soon once there levels of ITX ingredient's get low and going back to fossil fuel.
Still checking no news on the majors in Europe yet.
My dads got terminal cancer so not been posting much , worked as a steeplejack at power stations probably where picked up the cancer. Hence going green is only option for all.
Just a point it will cost more money to changed labels & packaging then any increase from ITX.
Just a update the investment needed to extract is around $125 million in phase one , so clearly a partner required.
so based on this taken to extreme a 40% in Block Energy exchanged for $125 Million pound investment.
The alternative is a buyout in the field, which could be given $80 Million in exchange , but the cost of investments is far far greater in the past in this field.
TEK are in effect trust holding in start up company's which benefit in start up company's , hence why you can invest in start up company's without the need to pay capital gains tax.
There are clauses that the government places that imposes that one tax can not take place over another tax free solution.
In other words tax free investment or company's losses are used to defer tax.
Its very complicated but there are trust investment in multiple company's that deal with this , as for TEK its not clear the route taken.
Morning always good seeing another washing tablet product on the market - just need the big guns to start adopting ITX.
https://www.imrsheep.com/EcoLaundry.html
What is fact we have a CPR report already for project iii , so why a independent report then and only answer is third party farm in.
Now cast the thoughts to carbon captor , why this is RNS and why given high status on a high level agenda forum in Turkey just lately.
What does Georgian produce in high volumes of carbon , unless a un-used pipeline is near from Europe.
All positive , think information is being withheld and released once given the go ahead with Georgia and China approval.
Its good to have debate and the direction looking good , thar carbon captor is also linked and maybe a new power station powered by gas
Just a question is there a second pipeline running from europe that could transport CO2.
Directors of company's have to give accurate information to shareholders , on this basis can not see for second half of any issue's. As a director myself you can be liable for misinformation.
So on that note see a company adjusted to the current climate.
Fantastic news , as posted before there is a 100 Million fund for carbon capture within the EU funds.
Not Saying all this is allocated but with Georgia is plead to join the EU its on the cards , to add also that you do not need to part of the EU to take advantage of the fund as location of such storage is very hard to find.
Just wanted to post that over 30 new products have been added since start of new year , there are multiple products with same company of which reduces to around 13.
No point posting as the added products using ITX formulation just exceeds every week , however still looking out for the major brands in dishwasher which so far not announced.
Positives most new added products are low volume ITX ingredients' but high in gross profit.
Looking at the list near 150 company's we supply.
By all accounts by the projections by this end year in net profit for 1st time , after this period just keeps increasing.
If possibilities of extracting vast of amounts of oil & gas was easy then why have Farm outs , this is about reducing risk.
Looking at our project 3 it implies a return of 8 to 1 invested , not a bad investment.
To imply that you need to invest more to extract the oil is just gas lightning.
Listen to facts.
Just for clarity the CPR is being carried out by a independent party and not directed to inform Block Energy but to give assurance of the gas find to 3rd parties.
In other words only been being carried out to farm out well.