the wait for something to happen has been a long one , but I agree no director sells is a good signal . the only problem I have is that the rest of the share issue has no major ii on board , so the remaining shares are in free float .we desperately need some direction from the directors as to what is going on here , blind faith can only last for so long . it appears to me that their focus on having so many companies under one roof , leads to having too many irons in the fire . the other companies appear to have solid updates , clon it would appear is the least favoured child . I hope that I am proved wrong in what I have just said , but each day that passes re-inforces that belief .
John Teeling, David Horgan and Jim Flinn together hold 44 million shares so that must be quite an incentive to bring one or three of the potential deals to fruition. If they really felt that the company had no future you'd have thought they would have sold some of their holdings when the share price was up around 5 or 6p. As far as I can see there have been no reports of any director share dealings. I waited a very long time with Pan Andean and was eventually rewarded. I hope the same thing happens with Clontarf.
to put it into a nutshell , mark hardy is fidel / oil and all the other de rampers in one . his company now holds a 10% stake in con , another teeling company . on that bb he is clontifarian , and posted dire predictions on that board , whilst increasing his stake to the 10% . I am afraid his ego has got the better of him as at the bottom he put himself as the author . also on his blog profile , he has the clon vs hunt info . his motives here are unclear , but they are not for investment advice in my opinion . getting back to reality , I share your concerns that it has been along time without any news on progress . I did think that we would have news q1 , which has now obviously past . I don't think Ghana will be on the agenda , as the company has no cash , Bolivia from what I have researched seems even longer as a possibility . if this deal for peru does nt come off , then we are in serious trouble . nevertheless I do believe there could be an outside chance that we may just reverse into pet , as peru does have outstanding potential , and it would appease their investors with a 90% stake in Ghana should it ever come off . I don't really have a feeling for timescale , but something has got to give soon , and I am betting we have news before the month end as it is nearly 5 months without a word now . I am hoping that a deal has been sorted with regards to peru and we move forward from there , if not it is anybodys guess as to what the future holds .atb
been a bit busy lately. But i can see you are wound up by the posts from a few or possibly one other person. Can you explain what you think the agenda that person has?( in your opinion obviously) Not sure whats going on basically.
Separately after re-reading the RNS from December it seems that we have the MOU with one Italian company, for 188 and 183, but also are "in discussions with several interested parties" on the same blocks to develop them. Also and separate to that with a European power generation company and German industrial group to build a power station on block 183. If the MOU had fallen through would they have to notify us? it seems sp relevant information to me, so im assuming it hasn't. Im just surprised no progress has been reported on any of these fronts over the last 4 months. So much potential there and Ghana but im starting to get worried the next news will be suspension and the folding of the company due to lack of deals and no cash. Almost feels like playing roulette, might lose it all or find we open at 10-12p one day
to all clon shareholders and of course mark g hardy aka clontifarian / oilresearch / l s lowry and fidel maestro . and the answer to any given question that mark has is metminco it seems . I think you can save all your questions and ask mr j t personally when you have a con meeting . with being the major shareholder there now , must give you the chance to call some shots . please refrain from bringing your personal grievances to this bb . atb
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