had to go out . cheers for your reply treacle just caught up now . strange there is only ourselves chatting , must be new people out there. good to see we broke the 2p barrier , looks like the charts may have some value after all .
TA in my opinion isnt useful on a micro cap like CLON.
In regards to funding we all know CLON has no money but i remember on the investor presentation last year it mentioned they had majors interested if/when they got ratification on Ghana. I think they would be looking to get some working capital as part of any deal as dont forget the directors hold 25% of the shares plus whatever they get for their recent loan which will be converted at a later date to shares. So any dilution affects them significantly more than any of us. Greed should see a minimum dilution here. IMO
Tiddler to Watch 'It may have a market value of less than £5 million, but Clontarf Energy is starting to make waves, or at least ripples. Shares in the explorer, focused on South America, jumped by almost 4%, after it said it had struck a royalty deal with Peru Oil and Gas Exploration allowing it to purchase gas from its block in Peru'.
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