Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Stas / Tony, I take on board what you are both saying it has commercial logic. If they can farm out and get a free carry then fine, BUT look at the previous FO process it did not attract many interested parties. Data has not improved since and others have handed back neighboring licenses.
If Labour get in NS oil has not got a chance during thier term in office.
Stas, I agree. Its truly mind boggling that the market cap has stagnated at this pitiful range. Dust has well and truly settled after NOI reduction and Divi cut. PR is appalling, unfortunately i have little faith in that changing.
Michael, I agree the mis-management and incompetence displayed by Peyton and the CFO is off the scale. They can’t remain in my view. My only slight comfort in the situation is that the Hedge Fund will likely look for an outright sale as soon as possible. Hopefully the Lab has made progress and they will be commercially focused in the coming weeks and months.
Happy new year to all
Spot on Cash.
It`s also time to completely overhaul the North Sea as well. it`s an overhang on the company and clouds the company CV. If they can do a small development on Serenity, it's a side show to Canada and will only require a very small UK staff level to accommodate it.
dyl79, I hope I`m right as well. I think you`ll find a lot of the staff work for the subsidiary companies. Like i have said my bet is re-finance and dilution. Bidding war is our only chance of something if they cant re-finance.
Robins, like you I’m a long term holder . It’s my belief if the science is as good as they have stated fresh finance will be secured. I’m betting the science will prevail. Your perception is no doubt less positive than mine. I’m simply saying I think we have pulse and will survive.
IF ! we do let’s see where we are in 6 months . There are some key milestone looming.
Michael, good summary. I know from a friend who attended the AGM all efforts are being made to keep the PLC going. BOD are determined to succeed. I`m betting they will. Lets see.