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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


Clontarf Share Chat (CLON)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Clontarf
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.34Low: 0.34Yesterday’s Close: 0.34


Share Discussion for Clontarf


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dnd2136
Posts: 2,596
Off Topic
Opinion:Strong Buy
Price:0.34
RE: clon
Fri 17:51
Full results due any day I'm hoping there is some news in there on ratification as parliament was this week in Ghana and big oil players over there running low on cash as well so I'm guessing some good news on the way maybe that's why full results are rather late this year because of parliament this week imo have to wait and see very low Mcap now any news on ratification should give this a lift
 
Risendshine
Posts: 268
Off Topic
Opinion:No Opinion
Price:0.34
RE: bridges
Fri 16:41
Thanks for sharing all that Bridges; interesting to read and instills hope; cheers :)
gige
Posts: 10,204
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.34
clon
Fri 16:22
What a carp BOD last spike made them enough for their wages, they went into hibernation...
Bridges
Posts: 355
Off Topic
Opinion:No Opinion
Price:0.34
RE: bridges
Thu 07:11
Dnd I certainly will be interested to see the commentary of the final results, any whiff of ratification will start the momentum with sp. I am expecting a lot of interest once ratification occurs. Many plus points, clon are sitting on a sweet spot!! Just need this formalised GL
dnd2136
Posts: 2,596
Off Topic
Opinion:No Opinion
Price:0.34
bridges
Wed 17:39
i see ghana parliament is going on right now. i wonder if there will be any news on our block in the full results hense why there not released yet because of parliament this week. if there is any news on when they expect ratification surely there would be more interest in this stock as every time other oil shares give dates there is normally a increase in interest
dnd2136
Posts: 2,596
Off Topic
Opinion:Strong Buy
Price:0.355
RE: Ratification
Wed 14:45
Thanks good post
Bridges
Posts: 355
Off Topic
Opinion:No Opinion
Price:0.355
RE: Ratification
Wed 14:00
Dnd £ CLON shares are illiquid, there is only 580M shares in issue of which around 80M are held by directors. I believe there are several PI£s that hold large positions and in it for the long term play and will be rewarded well in due course. Not sure what you strategy is but sounds like you want to make profit as we all do? I would not get too excited about the annual results, the only thing that will increase the sp significantly is ratification of the Ghana license. If you hold out for this then you will get a good return, but don£t expect the sp to moon as there is not enough interest in small oil aim stocks hence completely illiquid. When will ratification be, we do not know? Educated guess tells me it will be this sitting of parliament but it could be when Ghana opens up its first oil exploration round for 6 blocks at the end of the year. GL
dnd2136
Posts: 2,596
Off Topic
Opinion:No Opinion
Price:0.355
RE: Ratification
Wed 11:42
Just need news as Hargreaves won't even let me sell 100 pounds worth
Bridges
Posts: 355
Off Topic
Opinion:No Opinion
Price:0.355
RE: Ratification
Wed 09:52
Risenshine £ The Government has changed since then (back to the Gov that Clontarf originally agreed the terms with) and there has been a lot going on in the background with Ghana putting in place a first class regulatory framework which is why we are now seeing major interest from Big Oil (ExxonMobil, BP, Shell). I thought incorrectly I read somewhere that we would not need to go through the ratification process but I have pulled out some of my notes on the Ghana Oil Regulation and its clear that the license will need ratification through Parliament:

FYI the licensing is coordinated by the GNPC and the Petroleum Commission, Clon would need to apply to the Minister, who then refers the application to the GNPC and the Petroleum Commission for evaluation and due diligence.
The Petroleum Commission then issues a report that leads to negotiations, and a draft petroleum agreement is then sent for the approval of the Cabinet and Parliament. The license is only granted after Parliament ratifies the Petroleum Agreement in accordance with article 288 of the 1992 Constitution of Ghana.
We are at this last hurdle £ ratification.

Reading the last years results good point to note and hopping we get some good insight as to when Clon expect the ratification to occur.

£junior exploration shares have had a tough time in recent years. The lack of buying interest in AIM listed exploration ventures has gone on for nine years. The cycle will turn. The critical factor is to be among those ventures which are placed to benefit from an upturn. Investors good enough or lucky enough to select the right vehicles will profit handsomely£.

Clon are in a very interesting position and on ratification will hold an extremely attractive and potentially very valuable license that many company£s incl. big oil will be interested in.
dnd2136
Posts: 2,596
Off Topic
Opinion:Strong Buy
Price:0.355
RE: 17th July 2014 rns
Tue 17:05
news due any day with full results buys showing as sells again




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