Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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.”
95million warrants in the money by about 20p, so net cost to £19m.
831million ordinary shares, so net cost 2.3p a share.
I would prefer buy backs to divs.
But I would prefer cash to be reinvested and the company and SP to be 10times bigger.
I still like TXP its low risk for the price and what is in the bag, but I'm with Sturm and I have been increasing my holding in PTAL. I wish I had bought more at 22p, but it is pumping large amounts of oil, has other targets and now generating plenty of cash to develop them.
If your after a "miner" then JLP is racking in the cash and has a great approach to low risk "re-mining" spoil heaps and tailing dams of which there are 1000s to look at.
Some of this is going to be dependent on the processes they use. They maybe able to process the copper and hold the rest of the concentrate stockpiled to then process the lead and zinc, and then have a "concentrate" that they can process for the vanadium,... if it is worth it.
It seems a shame that TXP has gas, but is being conservative with its drill plan until the EIA is signed off, when there is actually a war on.
If TXP just got on an drilled 6-8 wells this year, and hooked them up to a pipeline that is there,,, to supply gas to to LNG plants that are there and running under capacity... to supply gas to europe so we didn't have to keep paying Russia quite so much for gas.. so they may be more inclined to stop there war in Ukraine... isn't that a good idea?
SP is significantly higher than it was but I agree I dont think the market has properly realised just how this company has improved. A year or so ago the CEO was happy with a 95% water cut but with the horizontal wells and AICDs that has transformed the situation where it is putting wells, pulling out 10.000 bopd and paying for the wells in a couple of months.
Good reserves, and high chance that they will improve.
And interesting opportunities on other blocks.
Helen giving a couple of interviews about PIN and why you should have some private equity in your portfolio and why it should be PIN.
I agree with her basic precepts. A company that can deliver 12% growth, 3-4% above wider market but is at such a discount is illogical especially when it’s delivered this over 35years.
Always a concern that stocks are booked unrealistically high valuations but it appears the reverse is true and managers have tended to understate so there has been typically an uplift on existing of between 20-30% and over the past 6month has been over 40% (so true discount maybe even greater)
https://www.youtube.com/watch?v=yjSxlCm_b2c
hTtps://www.youtube.com/watch?v=AQ1M2WB1LoE
The EIA bothers me; its a big document and has been passed to ?? a dozen ?? different departments to comment on. I have had similar issues in the UK dealing with the county council and someone. somewhere, always comes up with some issue. Almost feels like they have to say something to justify their jobs.
It sounds like T+T could work, or more accurately not work, in a similar way. Or am I wrong on this?
Indeed, theres always a concern about NAV valuations but the tend to be conservative.
There is a correction to NAV, over stated by 3p...
And an RNS about a presentation by Hardman and Co. I suspect they will touch on valuation policy.
I would love to see a Kraken/Lisa type discovery but some how I can not get excited about it. A few percent chance at best. Fortunately the turbidite story looks strong and they have many other good targets to go for; as well as plenty already "in the bag" that they just need to develop.
I should have looked, probably not .. from the website
"The multi metals processing Sable Refinery is adjacent to 6.4 million tonnes (3.2 million JORC compliant) high-grade surface material containing an estimated 356,843 tonnes of zinc, 351,386 tonnes of lead and 1.26% equivalent vanadium pentoxide owned by Jubilee.
Jubilee holds the rights to historical tailings containing vast quantities of lead, zinc and vanadium.? The recovery circuits for these metals are planned to be incorporated at Jubilee’s multi-metal Sable Refinery and is currently under review."
I'm not betting on the "hydrogen economy", the round trip efficiency of electricity to storage and back is less than 50%; batteries are over 90%. Hydrogen could give long term storage but pump storage ( the Norwedgen battery) or flow batteries are over 85%.
Lithium is relatively abundant but my middle term bet would be plug in hybrids. They use much less lithium, weigh less, have no range anxiety; and still need pgms.