Share Talk LTD

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  • Designed for Private - Retail Investors, bloggers, brokers, PR, listed companies to communicate on one information portal. Please note we are an unregulated website and will never give out advice. We are here to make investing a level playing field.
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Episodes
  • Zak Mir talks to Harry Baker, Chief Executive of Borders and Southern Petroleum PLC

    Zak Mir talks to Harry Baker, Chief Executive of Borders and Southern Petroleum PLC
    Feb 21 2025
    Zak Mir talks to Harry Baker, CEO of Borders & Southern, after the London-based independent oil and gas company with assets offshore the Falkland Islands announced a fundraising campaign to raise approximately £1.86 million. They discuss the new “drill, baby drill” mantra in the market and Borders' strategy and outlook.

    Borders & Southern is an independent oil and gas exploration company based in the UK, primarily focused on the Falkland Islands. Recently, the company made headlines with its announcement of a fundraising initiative aimed at raising approximately £1.86 million. This move reflects the company's strategic approach to capitalizing on its assets and positioning itself in the market.

    Understanding the Fundraising Announcement

    During a recent discussion, Harry Baker, the CEO of Borders & Southern, elaborated on the reasons behind this fundraising effort. Historically, the company has raised two years’ worth of working capital, but in the last round of fundraising in October, they opted to raise only one year’s worth. Baker emphasized that the decision was made because the company’s share price at the time did not accurately reflect the potential internal and external catalysts that could drive the stock’s value upward.

    Funding for Future Opportunities

    The primary goal of the recent fundraising is to ensure that Borders & Southern is fully funded until the end of 2026. This financial cushion is crucial as the company seeks to engage in farm-out conversations regarding its significant discovery project. Baker expressed that being well-funded allows the company to negotiate from a position of strength, enabling them to pursue the right deals rather than settling for the first offer that comes along.
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    10 mins
  • Zak Mir talks to Gordon Stein, Chief Financial Officer of CleanTech Lithium

    Zak Mir talks to Gordon Stein, Chief Financial Officer of CleanTech Lithium
    Feb 14 2025
    Zak Mir talks to Gordon Stein, CFO of CleanTech Lithium, an exploration and development company advancing lithium projects in Chile for the clean energy transition, as it raises £2.4m and in the run-up to its dual listing on the ASX.

    CleanTech Lithium Raises £2.4 Million to Advance Laguna Verde and ASX Listing.

    CleanTech Lithium PLC (CTL) has conditionally raised £2.4 million by issuing 15 million new shares at 16p each. The placement shares account for approximately 15.2% of the company’s expanded ordinary share capital, with each share including a warrant entitlement to subscribe for one additional share at 11p.

    Most placement shares were allocated to existing institutional investors across Asia, Australia, Europe, and the UK, reflecting strong shareholder support despite challenging market conditions.

    Net proceeds will be directed towards key initiatives, including advancing capital programs crucial for securing the CEOL (Chilean Special Lithium Operation Contract) at Laguna Verde, completing the project’s pre-feasibility study, and funding the company’s listing on the ASX through to completion.

    Additionally, the funds will support efforts to enhance market visibility, attract a broader investor base, and finalize the first-stage direct lithium extraction (DLE) pilot plant. The company aims to produce significant quantities of battery-grade lithium carbonate to introduce to potential off-takers and strategic partners, while also covering general working capital requirements.

    To accommodate further demand, CleanTech Lithium has granted a broker option to Fox-Davies, allowing investors to participate in the placement until 5:00 PM on 25 February 2025.

    Executive Chairman Steve Kesler commented:
    "We are delighted to welcome new shareholders and appreciate the continued support of existing investors who, despite tough market conditions, have shown confidence in our mission to develop responsibly sourced lithium in Chile through direct lithium extraction. These new funds will help us progress towards securing a CEOL at Laguna Verde, completing the project’s PFS, and producing battery-grade lithium carbonate for potential strategic partners. We remain committed to engaging with indigenous communities as we pursue a dual listing in Australia in the coming weeks."
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    11 mins
  • Andrea Cattaneo, CEO Zenith Energy (LON:ZEN) Talking to Zaks Traders Cafe

    Andrea Cattaneo, CEO Zenith Energy (LON:ZEN) Talking to Zaks Traders Cafe
    Feb 5 2025
    Zak Mir talks to Andrea Cattaneo, CEO of Zenith Energy, as he discusses prospects for the company’s prospects for an arbitration win with Tunisia in the wake of the latest successful fundraising. In an engaging discussion, Andrea Cattaneo, the CEO of Zenith Energy, shares insights on the company’s recent successes, ongoing arbitration processes, and future strategies. This blog post explores the key points from this conversation, highlighting the company’s remarkable journey and the exciting prospects ahead. Recent Performance and Share Price Surge Zenith Energy has experienced a notable uptick in its share price over the past few months, surging from near a penny to almost 12 pence at its peak—an impressive tenfold increase. This surge is largely attributed to the market’s positive reception of the company’s potential to win its arbitration case in Tunisia, coupled with a successful fundraising effort. Understanding the Arbitration Landscape One of the unique aspects of Zenith Energy’s situation is the presence of three arbitration cases. Cattaneo explains that most companies typically deal with a single arbitration, which can be a binary bet. However, having multiple cases provides a broader range of options and a greater sense of security. The first arbitration has already been won, with penalties and interest to be reimbursed at a high interest rate, setting a promising precedent for the subsequent cases. Winning the First Arbitration The first arbitration victory is a significant milestone for Zenith Energy. The company initiated the case for $6.7 million, which eventually expanded to a total of $9.7 million after accounting for damages and costs associated with the arbitration process. This increase of 45% over the original claim demonstrates the complexities and potential financial rewards involved. Expectations for Upcoming Arbitrations Looking ahead, the stakes are even higher with the second arbitration, where claims amount to $130 million. The company is optimistic about the outcome, believing that the same illegalities will be punished similarly across different courts. This sets the stage for potentially transformative financial results for Zenith Energy, should all three arbitrations yield positive outcomes. Market Confidence and Financial Strategy The market has reacted positively to these developments, with Zenith’s market cap increasing from approximately £2-3 million to around £23-24 million. This reflects investor confidence in the company’s prospects and the anticipation of further arbitration wins. To support these efforts, Zenith Energy recently raised just under £3 million, primarily earmarked for legal costs associated with the arbitration process. Utilising Funds Wisely While the primary focus of the raised funds is on arbitration, Cattaneo indicates that the company may also explore opportunities for acquisitions in the oil and gas sector. The strategy remains cautious, ensuring that the funds are used judiciously and primarily directed towards winning the ongoing legal battles. Future Directions: Beyond Arbitration Once the arbitration cases are settled, Cattaneo envisions a strategic shift for Zenith Energy. He expresses a desire to evolve the company into a mid-tier oil and gas or energy production entity. This transformation is not merely about winning cases; it’s about leveraging the company’s assets and capabilities in a competitive market. Diverse Energy Focus Zenith Energy’s future plans encompass a variety of energy sources, including a potential pivot towards uranium. Cattaneo highlights the emerging interest in smaller nuclear power projects, which could address public concerns while providing a clean energy alternative. Alongside this, the company continues to focus on electricity production in Italy and the UK, primarily through natural gas and photovoltaic projects. Strategic Acquisitions and Market Positioning The strategy for acquisitions post-arbitration will involve a mix of opportunistic purchases and a more selective approach to entering new markets. Cattaneo stresses the importance of avoiding previous mistakes that led to the company’s downsizing and loss of credibility. The focus will be on countries with stable jurisdictions that can offer energy security. Partnering for Success To mitigate risks associated with distressed assets and challenging jurisdictions, Cattaneo emphasizes the value of strategic partnerships. Collaborating with sovereign wealth funds or other established entities can provide a cushion against market volatility, allowing Zenith Energy to capitalize on potential upsides without exposing itself to undue risk. Conclusion: A Bright Horizon for Zenith Energy Andrea Cattaneo’s insights paint a picture of a resilient company poised for growth and transformation. With a robust strategy to navigate the complexities of arbitration, a commitment to diversifying energy sources, and a clear...
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    14 mins

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