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Rob the AIM market is not for beginners. Small oilers are always a risky venture and yes some do make a fortune but examine the ones who fall by the wayside after raising funds on the hopes enormous rewards lie ahead. Cluff (Deltic) does have the advantage of a strong balance sheet ( remains to be seen how long the cash pile will last) and a partner in Shell which does give a level of confidence.
Don't expect the SP to move forward massively for sometime.
As always DYOR
There were a couple of crazy comments on here yesterday about making a million from this Share. I don't have an awful lot of Shares here, but I'm seriously thinking about topping up a bit. What do people think, am I being silly?
Why does it say nature of business "mining of Iron Ores"
Well if they have good news now is the perfect time to release it!!
Name change done on 23/6. Good luck homies https://beta.companieshouse.gov.uk/company/07958581
If you had £100k to invest at these levels you might be right .
I have been around shares of various sorts for years. Lost money on some, made money on others.
This one, if you have the balls, could make you a millionaire, without a massive outlay.
Only in my opinion.
32nd licensing round results should be out any day now - hopefully some goodies for CLNR and a bunch of other AIM minnows
Here it is. Proactive Investors have authored it and it's been published on the Daily Mail/This is Money platform -- https://www.thisismoney.co.uk/money/investing/article-8447317/SMALL-CAP-SHARE-IDEAS-Cluff-Natural-Resources.html
Thanks do you have the article?
Who is DM?
DM tipped to buy undervalued , capitalised, with huge upside potential.
Clearly a tip somewhere?
If so it didn’t work Mike . Nice steady buying pressure today ...
Why would the same seller put through 2 x 100k sells
Instead of putting through in one go?
To keep things in check perhaps?
Maybe Amtech reasonable post I guess
Gloster makes a valid point Mike, ii’s put money into the company through placings etc. Pi’s are on the secondary market, yet even the ii’s are down on their investment due to covid. They probably also needed to prove to Shell that they could cover their part of the licences. They are still working with Shell and other things, still have costs, and still need to keep moving forward and all that is covered during this time, so even if you think they raised to much too soon at least they are covered. Stroke of luck if you ask me, image if they raised a little amount just to cover for 6 months back then and now try and raise funds at this time and at this sp level. If sure you’d be spitting feathers even more then.
A much smaller working capital placing with some cost cutting to make it stretch a little further was all that was needed
Then when the shares recovered to a higher price that was the time to raise more money with far less dilution
All that happened here was control was effectively handed over to the institutional investors and the rest is history
Dick said incompetent at the time and I have to agree
I will sell but can’t at these levels unfortunately
Ltd I will move on don’t worry yourself about that
The placing has made it nigh on impossible to recover the 2p levels I don’t think the management appreciated what they did that day until it was too late
I think its best to move on Mike. They DID make that raise and we are where we are. Regardless of whether it was the right thing to do ( I tend to agree it favoured institutional investors over the likes of us) it is done. The global repercussions of COVID are the main driving force behind the drop below cash value, as well as the rapidly developing change in energy consumption and technology which is in danger of making this sector obsolete. We still need gas, and security of supply, so CLNR is as well placed as any , but smart investment money is probably looking elsewhere at the moment.. I still think there is room to make money here from these levels, but I wouldn't like to say ho well rewarded those will be that are trapped in here at over last summers placing price.
Also as there are now so many shares every rise will be sold into unlike say jog where they have relatively few shares
The mistake they made was to raise too much too soon it was completely unnecessary in my opinion
Don’t be ridiculous you’re shares have been diluted into oblivion and are worth less
Unless you take part in their placings, you've not given them any money, just the other secondary market participants.
Don’t worry I will on mass at a time of my choosing
They don’t deserve my money dick was correct incompetent
Don’t know l, dodgy innit. SELL
https://twitter.com/laptop1515/status/1273232940101664769?s=19