The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sold earlier in the morning. GL to all who are still here. More news to come. Peeps can have a look at BMV. Money to be made there. DYOR. GLA
This will drop off again unfortunately. People will become bored and disheartened. I have had some success selling at the peaks and buying in the troughs recently. It is a good way to build my shareholding.
Oh come on, the sell off will start at 15:30 and then major dumps tomorrow as always on aim. It’s rare to find a keeper and this ain’t one.
I agree the sp is too low for what the future prospects growth.
Technology and Li production by clean technology…you can’t get better than this for environmental protection at cheaper costs too..
GL
The potential here is huge. Can't see the sp staying at this level for much longer. Once the MMs have done with their usual shenanigans and bed wetters have been shaken out the sp will rise sharply imo.
GLA
Https://amp.theguardian.com/business/article/2024/may/14/joe-biden-tariff-chinese-made-electric-vehicles
Internet problems
It seems that what Clon are offering is not just the tech but the buyers of the lithium too
Surprised nobody highlighted this either
The technologies need to a cut above the rest.
Next Chem X DLE is that. Continuous extraction, not batches.
Read Eagle Eyes 12.59 posting on the March RNS. Could not be clearer as to why !!
The Company further notes that, on 27 February 2024, the European Commission launched an important initiative in partnership with a high-level Bolivian delegation to Brussels. This followed the EU Critical Minerals Act 2023, which aims to boost and diversify supplies of critical raw materials, and support necessary Research and Development. Clontarf Energy participated with other private sector companies, banks and development agencies in these events in the country. The result was that the EU institutions agreed in principle to finance related infrastructure, through the Bolivian authorities, and accepted that Direct Lithium Extraction (DLE) is clean and environmentally friendly. As infrastructure spend can be two-thirds of the total capital cost of new mines in remote locations, this support is critical. Bolivian representatives also accepted in principle that such investment would qualify for contractual offtake rights, under applicable law. This meets the key EU objective to protect and develop its automotive and green technology sectors.
😂
Read the RNS and enlighten yourself !!
European for years has been beaten by Chinese on supplies of Li and much cheaper EV.
Europe at present can’t compete with Chinese EV makers .
They need cheaper Li resources and higher grade to compete and survive in EV manufacturing.
Any company which can provide them with some resources of Li would be most welcome ,small or big company. Colt can become one of good expanding resource to get their hands on.
It’s probably the discussion is well advanced now between the two and for Europe to provide the small financial support needed. Hence the sp continues to be bullish after the RNS.
I am positive on today’s developments including the excellent RNS.
True but the answer is so obvious. CLON is the only EU bidder for these Bolivian assets and they are amongst the best three in the world- the others being in Argentina and Peru. Lithium assets on this scale are a buffer for EU member states and industries against market domination by China and Russia.
I am sure that the EU would prefer someone other than CLON but that is how it is. Read the RNS again and perhaps you will eventually grasp the politics and the financials.
Why would the EU , financially trust a tiny company like clontaff with cross guarantees for a highly complex project..they don't exactly have an historical support for managing prior contracts
Guys this was a strictly quick hour trade, why are people still in here? Seriously!
Oversold stock.Great news.
FCK me that is one heck of a spike people have been caught on today.
Agree and with such interest already you would expect alot of eyes on the share over the next week or two! speculation and excitement is what drives prices higher, volume helps too and we have ticked that off today!
Let's see how market reacts as MMs' always look for weak hands and wanted their share for this big potential project. Already traded about 1.2b shares, which is about 20% of total issued shares. It might reach 30-40% by end of the day. Massive potential I guess as there are 10 companies, which submitted for all 7 sites. If Clon can get EU back up then no need to worry to get this project.
Yup. Seems that way to me as well. They are using the EU as a Bank Guarantee to offset the weakness of CLON's own balance sheet and, in return, the EU will have a guaranteed pipeline of high-purity lithium chemicals suited to the EU battery industry and thus not be reliant on China or Russia - or much less reliant anyhow. High stakes indeed.
Horny that is how I read it too. This should be back 0.1 plus.
Just hold for next 15 working days and result will be published. All company need to submit their next phase document within 10 business days, which is by end of 28th of May and result will be published within 5 business working days, which is 4th of June.
If I'm reading the rns correctly then it seems like they have a letter of interest or a memorandum of some description with the EU and a potential offtake agreement in the pipeline