Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Dividends imo would be the worst use of free cash possible for this company.
Hopefully it has enough other opportunities to spend the cash on, and after that then share buy-backs because I believe that the shares are markedly undervalued.
Returning money to me in dividends is also less tax efficient and if I thought I could take the money and invest in a company that offered significantly better risk/reward in what increasingly looks like a high inflation environment then I would sell the shares I own and do it.
At least the minister is wearing an FFP2 mask, the surgical ones Xav and Paul are wearing are a waste of time.
It’s a shame that 21/2 years into a global pandemic that there is so little understanding of the basics, even in our own hospitals.
https://www.bmj.com/content/bmj/378/bmj.o1929.full.pdf
But this in the investment world leads to mispricing and opportunities for those prepared to do their own research; like TXP.
I seemed to have provoked a few replies on the topic since i posted the question this morning. Thanks.
It seems that the consensus is that nearly all of the cobalt stream will be profit; hopefully that will be the case but it seems that there is not a lot of hard evidence to support this. I guess time will tell!
Ultimately the SP does trend to the NAV. There’s always the question if the NAV is overstated but recent realisations are over 40% higher than the booked NAV.
So it continues to look like managers are booking conservative NAV estimates, the discount is approaching Al time highs and …
“The Board remains disappointed with the discount of PIP's share price and considers the current elevated level relative to the value and prospects of its portfolio to be unwarranted. Accordingly, it intends to buy back shares actively to enhance shareholder returns”
“PIP's NAV per share has grown by a remarkable 31%, of which 24% arose from portfolio gains and 7% from favourable currency movements. PIP's share price, however, has grown at a more modest 9% reflecting the turbulent market conditions at the financial year-end. This has resulted in a significant widening of the discount to NAV from 21% at the end of May last year to 35% at the end of May this year, and further to 43 at the time of writing.”
The sub-thrust was an original target on both wells. Maybe I am wrong but I don't recall the company mentioning that they were planning to re-target that zone. It seems an obvious target considering that in the event of failure the well should still be able to be used to drain one of the other zones.
The EIA has to happen eventually and when Cascadura is hooked up and flowing with prospects of racking up to 200mcf/day which is what the pipeline and plant are designed for, the "wall of cash" starts flowing $10million a month for years to come to fund dividends and continued exploratory drilling on 20+ targets on the block... we will all be wondering why we didn't buy more .
BUT the market is not rational and we have August with its low trading and often high volatility. I think this rollercoaster is not over even though I have a good idea where it will end up.
Quite a detailed RNS.. So NAV 31/5 was 451.6p, an increase of 31% from May 2021; and yet discount increased.
Also did £10 million in share buy backs, and yet discount increased.
The average discount of the buy backs was 27%, but by my calculations the Discount to NAV on the 31/5 had widened to 34.5%
The SP is down with such a widening of the discount to NAV but still represents a better return to the FTSE all share over 1yr, 3 years, 5years, 10years, and since inception nearly 35years ago.
The discount has presumably widened more, and could widen further and certainly did in 2008-9. Such wide discounts in retrospect have been buying opportunities.
PIN remains a core of my retirement fund, which reminds me I simply must sort out this years ISA.
Remains a core of my retirement fund
As I predicted. You send a 1700 page document to a dozen different government departments and someone is going to raise some “concern” about something.
Had the same issue dealing with uk for planning.
Will look back and see this as a golden opportunity to top up, imo.
Clear risk of WFT from Peruvian gov., UK gov is barking; Peruvian unfortunately probably better but its too easy a popular target even if the longer term implications are that it will affect adversely investment in an area that is needed, even if some vocals think otherwise, preferring to think the world is different than it is.
Question is how much and when, rather than if....
markets liked the announcement; still large discount but will have to wait to see what the NAV is after recent sell off.
The global warming link is 3years old. The science is clear we are significantly heating the climate.
We need to stop burning coal for sure (twice as bad as gas)
We can use less hydrocarbon by using more electricity from solar/wind and using less energy but so many people in the world are going to have to use more energy to see any sort of economic growth.
Zero carbon is a long, long,long way off.
Carbon sinks… and iron fertilisation of the oceans is the one with real potential… maybe; but politicians don’t like the “geo engineering” even though that’s what we’re already doing in spades.
So haven’t got EIA approved yet but looking hopefully….“Received a review and assessment report in response to our Cascadura area Environmental Impact Assessment ("EIA") application with no material deficiencies raised.”
And critically NGC have approval for the Cascadura pipeline…
· NGC has received regulatory approval to construct a 20-inch natural gas pipeline from our Cascadura surface facility to their onshore transmission pipeline network.”