Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And lots of selling post spud announcement, so it's important to know when drilling operations were halted and if there were any leaks!
Are we to assume Matad simultaneously spud one well while operations were shut at another?
Nothing Matad have said inspires confidence on the subject of Block XX. I fail to understand how they were planning to drill in September and have not made material progress on 2019 permitting. Unless I'm mistaken, out of the 4 "fully funded" (LOL!) Drills for 2019, 3 of them are to occur in Block XX? So in other words, if they cockup Block XX in 2019 too, Matad will have only 1 possible drill in Fox? The perma rampers need to be honest on this point and acknowledge these risks.
Op, Are you believing Matad will be drilling is March? Oh dear, what have you been smoking? You are aware of the fact that JULY was the earliest M.Buck could get a drill bit turning in 2018? Please be realistic, else you will surely go broke!
Who on this board believed we were going to see 2.2p, you? Well, look at your screen mate! Only a fool would think Matad has seen the lows, or who believes with confidence they will execute 4 drills in 2019 and no capital raise. Don't listen to what people say, look at what they've done! Will keep you from being played the clown in the future!
The never ending punter's rallying point for shares. Matad will rally to: 13p 10p 9p 7p Now 5p!!! Based on: 4 fully funded wells and drilling on 3d! Then 4 wells, no more 3d First well in April, then May, then June. Appraisal drilling in Block XX Reality: No drilling on 3d No drilling in Block XX Not fully funded, surprise capital raise 2 Dusters
Any punters looking for a quick turnaround will be quite disappointed in my opinion. I am troubled that M.Buck and the boys do not have the Block XX permits yet, considering they we're planning to drill these in September!!! Are we going down to the last minute again only to miss another deadline? I wouldn't touch these shares until permits are in hand given Matad's track record.
It is worth remembering M.Buck raised capital after stating Matad had "4 fully funded drills", before he spudded the first well, late. Don't get caught out with a surprise raise this Spring. If WH is a Duster, I shudder to think at what price that raise will will happen at. Cancelling those Block XX drills increased Matad risks signficantly. Speaking of which, if we're supposedly drilling XX in five months, shouldn't there be some news on that front?
I take your point Spanish, yes, Matad haven't cancelled any drills recently and have met a timeline for once. And I certainly hope we hit the Euromillions with Wild Horse. I also hope 2019 is a fair bit different from 2018, else they'll be out of chances I'm afraid.
Not much stock Bench? Two placements in 5 months, plus another one coming in the not too distant future? The last placement was the real killer, as those poor punters bought on false pretenses that Block XX would be drilled.
Why yes, we SHOULD be higher post WH spud, but we aren't, are we? Why is that the case? Could it be that the market just don't trust Matad management anymore? It certainly would seem that way and for the record, whose fault would that be?