Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Probably best to avoid AIM shares altogether Scarlet, if you have a low risk appetite. Nothing wrong with that - protecting your capital keeps you in the game. Drill focussed AIM O&G is high risk high reward. However, regardless of the outcome of the Velocette drill, LBE should provide capital growth if you're willing to stay invested for a few years, thanks to the JAPEX deal. IMO, of course.
Good to see it breaking 30 and holding.
Great. What price target have Stifel set?
What entry price are you hoping to achieve Terry?
Read the RNS Terry:
"For the year ended 31 December 2022, Longboat has estimated the profits to the Company associated with the Transaction to be £5.6 million. Going forward, the Transaction is expected to unlock material tax synergies within Longboat Norge associated with historic corporation tax losses which ceased to be refunded by the Norwegian government following tax changes implemented in 2022. Based on Longboat Norge's internal estimates, at current commodity price levels the Transaction is anticipated to reach payback in under two years."
JAPEx JV completion expected within the next fortnight too.
The Boohoo RNS today is very amusing given that their 2023 accounts disclose that the EBITDA and revenue performance were below the threshold to trigger bonuses under their annual bonus plan, but the remuneration committee decided to retrospectively move the goalposts and pay 50% bonuses for all executive directors, and proposed a new, much easier set of targets going forward. I wonder how Boohoo shareholders felt about that? (Pg 91 Boohoo 2023 annual report - incidentally worth a look as it's crammed full of pictures of attractive models, presumably to distract from the horror of the whopping losses).
Dnwill, they are fending off a hostile takeover which could render your holding worthless. It's less illegal than acting in concert without declaring it, which is what Boo seem to be doing. And Boo are obviously using this as distraction from their own problems.
404x, there are 309.74 million shares in RevB. 89.216 voted for Bob not to be re-elected. That is just under 29% of shareholders. For whatever reason, no corporate action was indicated by my nominee brokers (Barclays) so I was unable to cast a vote - which would certainly not have been in support of Boo. So I believe Jeremy made the correct decision.
StanAccy you are overlooking what they achieved with Faroe Petroleum where thry showed they are serious professionals which is more than one can say about the Board members of mosr AIM O&G enterprises.
Excellent article. Somewhat reminiscent of the EU - the UK enforces the regulations/sanctions with great rigour, while others, especially Germany, just disregard anything that is inconvenient. Net result - we suffer, not the intended targets.