Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
You are clueless and only post as a troll to deramp.
Charlestown Energy will as a result of this deal and consolidation will bring in enough monies to allow us to get through to the post where we get $12.5m from Chervon which again will tide us through at least the next 5 years and with drilling planned in 2027 (3 years away) a nice discovery will secure our company for many many years to come.
Madmaxium - you are the naive one as of today's news we basically have little expenditure, apart from running costs which are minimum to us until drilling in 2027. So for nearly 3 years of finacially security if fantastic news for a oil junior.
Yes very good as shares below 1p are restricted from purchase for some institutions, so the will mean those will be able to buy in thus creating more demand for the stock. Together with this the positive news flow to come will help the share price move even further north over time.
JohnBriggs, this is just starting we will soon be a lot higher. If this was 'nogo' why would Chervon be interested and now big institutations are getting involved like Charlestown Energy. This is nothing but very positive news for the company.
I know you do not hold but for us really share holders happy to wait 3 years and CEG will be a completely different animal playing with the big boys in Uruguay when we go to drill with the help of Chervon.
50:1 would be fine - no problem with this at all. It will only benefit the company in the long term.
Share price of c 6p per share will certainity attract more major institutions show a fantastic future ahead for the company.
A company with no debt, biggest acreage in Uruguay, 3D towards the end of 2024 in to 2025 and drilling in 3 years. Can't be much better than that.
VERY STRONG BUY!!!
Would love a 10:1 as this means the sp will be over 1p and then allow major insitutions to buy the stock which a lot can't do for shares up 1p and then we will definitely fly. This share is only headed on way which is north.
The trolls on this board are so desperate they post anything which sounds negative as they know drilling in Argenina is due to start very soon and news from OFF-3 and OFF-1 is due throughout the year.
Chervon would not be involved in OFF-1 unless the block had good prospects.
It baffles me why people are so negative here. If I felt negative I would sell up and leave the board, but for some reason you have joking idiots posting on a board for which they have no shares in the company - how sad is that.
What is the point of joining a chat board when you have no shares and no interest of investing - pointless activity.
These trolls are just pathetic losers with nothing worthwhile to live for but post absolutely nonsense and rubbish about dusters etc. We have not even spudded or got 3D yet, but when it comes to drilling we will drill.
Forget the Bahamas - Uruguay is completely different and the Bahamas is long gone.
We have Chervon in Uruguay. My question to the idiots here is why did Chervon go into partnership with us?
If CEG was so badly run and such a no hope as you all make it out to be we would not now have a major on board who will fund an extremely large amount of the finance required in the short and medium term which is perfect for CEG.