Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Where are the 60 party?
What’s new from the 3 musketeers?
What a great job as usual, well below expectataios.
Pls give them a couple of million of options for performing as expected and they can sell a portion to pay taxes.
Dividends are coming, like pelle always dream, and it remain coming and the trolls paid by ab and co will condemn those (like squid) who beg to differ.
I can only say. Karma to the trolls for 7 generations
thought this co is into O&G upstream.
but share price seems to suggest it is not selling oil but water.
when oil dips, first to plunge.
when oil is up, hardly moves.
pinch me and tell me that this co is still into oil business.
Ko
No point getting stressed up
I though I can get out in even keel at 100 Oil but looking at the dog of share performance good luck to the thought
U game to cast your vote to oust the 3 musketeers ab, swi, Dave in next GM instead of wining every day on the price?
Frankly they have failed the shareholders.
Let’s not kid ourselves
Even after perfect repairs 4 to 5k of additional barrel aint gonna send the share price to the moon considering the nosh is 1.9b.
It’s all in the oil price esp when there is no dividend to speak of but whatever is made at least for next one year is to reduce debt.
ko,
nothing new.
wait for 200 oil, pls.
my earlier target exit price of 100 has just went out of window and looks like it takes 200 oil for me to say sayonara to this dog of a share.
dont worry, ab and his blue eyes will still get their LTI and its left for you to moan and groan everytime share dips into red.
Jan
Go review the past blogs on excuses for this laggard share.
First it was rbl for refinance risk.
Came and gone.
Then it’s usual hiatus during summer holidays be patient.
Came and gone.
After that it’s half year results.
Now, it’s ge?
There is always a reason for non performance.
I hope you are right, anyway, that consummation of ge will see an upward trajectory of the share price.
KO,
if my info is right, serica was 15p in 2016. its 207p now. so not all OG in UK are dogs.
frankly, AB has failed the shareholders with dog of a performance, at least for the past few years.
shareholder activism is almost zilch in UK.
In US, he would be long gone with this kind of performance.
I am stuck like u even at near USD80 oil.
Now i am not even sure I can get out on even terms if oil goes to USD100.
dividends, share buyback, fat hopes coz next hurdle is to get past the refinancing in 2022/2023 and if he doesn't fritter away what's left after the refinancing, then we see what's pittance left for minority shareholders.
too bad, I made a real bad decision in putting my money in enquest and i can either left it to HOPE or take a loss, a decision I will hv to make down the road.
btw, i hold no shares in serica, what a pity.
jeff,
i found out long ago and never to trust him. remember his 500m NPV for magnus?
i am stuck thats all and its nobody fault but mine for being so gullible to take AB's words, before magnus and to plough more into the rights with magnus promise land.
pelle can dream for the dividends, sorry to say that but all i hope is to get back my principal, if price hits high 30s.
good luck all enquest shareholders.
nah stumpy.
just sit and wait for 100 oil, if it ever comes. have lost faith
completely in AB.
there are better oil stocks around with consistent dividends if i so decide
to out more money into this sector.
to all enquesters, hope you all be well rewarded.
from the far east, just notified on OO.
will just let go and get diluted.
at 75 oil, share price doesnt even move up.
i shudder to think whats the price be like if oil price takes a dip.
i guess until oil swings to 100, i am stuck with the paper losses.
no dividends, nothing but hope for years.
nobody's fault but own decision.
to england all the way this weekend.
Ko
Ab and gang are coming for more of your money next after your moaning
Not the first time nor the last
As usual dangling the forbidden apple of npv of another North Sea asset in front of the long suffering shareholders. Meantime same gang gets their millions while the eternal optimists clung on the dividend and share buyback distant hope.
Epi
Priority in 2021 is to get 2 yr rbl of 700m+ for the refi and ge acquisition.
Then they will have to start working on the refi of the high yield bond of 1.2b including pik due in 2023
In between, they will have to spend more on capex to maintain production volume
Tell me, what’s left in cash flow for dividends for the shareholders?
Only hope is for oil to be in stratosphere of 100 for sustained period. At this level of 60+ it’s just enough to continue paying the top management including ab and his gang handsomely and long suffering shareholders are left with nothing. If oil slides, expect more cash calls and the same snake oil sales team will come up with another npv 500m acquisition storyline to lure the minority shareholders into putting up more of their hard earned savings. Market saw their bull on the last 500m npv acquisition and that’s why the market cap has never even get near to that.
Nah, I am not going to get too stressed over the daily share price as far as possible. My only dream is for 100 oil for me to exit and not lose a dime hopefully and that will be the last I post after that. Ab and the snake oil sales team can continue to sing same old song on acquisition npv ( 100m this time) but I ain’t gonna get creamed the second time.