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We've all been waiting for, everything seems to be in place, Thursday is the day, although we may not hear until early next week, im 90% certain we'll get through phase 2 without any problems, I would have thought we would see a steady climb in the SP from today, but ha ho this is Clon. :)
3 years time? Are u kidding? Have you done any research at all on this company or read any messages on this board?
Bolivia will be done in a few weeks/ months with Clon. If they are not awarded anything that’s it finished.
Then the o my thing of interest is Ghana and you could be looking at 30 years instead of 3 years for a decision. The oz drill is of little sognifance
Hi all,
As I said, £2900 down, but I dont mind if I am up in three years. Got several more stocks down, but in all my stocks, around 40, I am up, and up what I call good.
Thank you.
Wayne
Thank You for speaking on behalf of "the market" flatliners. I don't even understand your garbage. Think Man. Think.
"Instead of jam tomorrow"?? What Jam tomorrow? When have they ever declared this Jammy substance landing or what investors would ever think that some tasty spread would appear when this will clearly take years to develop? And finally what is an early investor? Ones from 1 year ago 5 years? Do you mean investors who bought today are tools? And who has been burned? Surely no one bought and then just sold cos the SP went down?? Who would realise such a loss when nothing has even happened yet? You seem a curios fella. I say fella, but you might be a Chimp that learned to type.
Market has lost faith in this even with news. Unfortunately this is doomed until clon actually make money from Bolivia instead of jam tomorrow. All companies with a 162, Clontarf Road address have produced nothing other then poorer investors over the decades. Money to be made if you invest maybe a couple of months before commercialisation. Early investors are just tools that get burned.
I belive all these years of work, developing excellent relationship with the YLB and the famous Peter O tooles role comes down to this moment in time. If not now then NEVER.
Multiply that by 10 to 20 times and some people have that amount of loss.
Hi,
£2900 down.
Wayne
Worth a watch - https://www.youtube.com/watch?v=MBd0_a7d5Ag&t=654s
Yes, Eagleeye - that's what I'm expecting. Get through phase 2 and then a funding announcement. Interesting couple of weeks ahead.
Thanks for the update on timelines eagleeye.
I am 1,200 % down having averaged down from 1p to 0.44 I recall. If I were you I would hold on for a few more weeks.
I hope so. I'm down 75% and was just wondering if now is the time to bale out. Looks like there's still hope so I'll stick with it, accepting the risk and hoping for the reward.
Their are 5 phases leading upto the official signing of contracts in August, IMO phase 2 is the most important out of these as it proves to YLB that we have everything in place and the technology works. Once through this stage, I think we'll get some sort of assurance from the EU that funding is available.
Thanks eagle eye I was going to ask about expected timelines.
I know this is an awkward question but any ideas on possible so price if they make it through phase 2?
Are there any other phases after that?
9 days to go for the end of phase 2, so next Friday, then annoucement of qualifiers upto 5 days from their. We have everything in place and we should qualify easily. This will then open the door to EU Funding and plenty of news flow. its going to be an interesting few weeks ahead.
Hey Pauly - Dont worry about it - You're right I'm absolutely no business guru. Even if I could pick my way through a balance sheet it might help but then any FD is going to be far better at the smoke and mirrors so only gets you so far. We only have thin news and a gut instinct with most investments on AIM including this one. The SP doesn't really worry me or the lack of news. I think its just a binary bet. We get a contract or we don't. We make a killing or not. The upside is much better than 50/50 and worth the risk IMO. I do think that the price of Lithium Carbonate being at the bottom of the cycle has taken a lot of money out of the ring which is now sat in Gold and Silver. 90% crash in the price over 12 months is very unhelpful.
Thanks frankly. Apologies for my previous tone. It’s clear I am getting tired and frustrated and need to hold tight a few more weeks to get clarification on the future of Clon.
I could go on about patents as I have experience and call tell you that many things don’t actually work but get approved - but that will keep us all off task the main focus so will end it here.
A few more week and we must get some confirmed news of whether we are or not successful which is important either way for me.
Pauly you will find that the practicalities are that your patent needs to do what it claims to do. An examiner is going to pull the carpet on something that doesn t do what it claims and likelier still is that you ll get your ass sued for trying to sell stuff that is falsely advertised. In Clons case it would be truly remrkable if they d registered this knowing it doesn t work and brazenlybtried to sell it to the BolGov . The worst case is that it doesn t work efficiently enough and they have to remodel stuff but for you to sit their and suggest that the whole application is in doubt as the patent is worth jack and therefore the tech is dubious...i ll let.others make their own minds up.
Https://ca.news.yahoo.com/tensions-grow-china-ramps-global-231717236.html
Thanks Mr Triumph,
Going bust was a bit of exaggeration. While there is money to be paid no way will the BOD let the company go bust. They have been flying around the world and living a good life for the past 25 plus years!
Unless you know something I don't, I am not aware they have any assets than the GOLD VIP AIRPORT LOUNGE membership that DH uses often?
Yes they will need cash and lots of it and over the years dilution has been significant.
FRANKY - It is clear to me you make the 90% of posters on boards like these. keyboard warriors you have just joined the bandwagon and need to say a few things in the hope people take you serious. Its hard to convince people who know a thing about business and the real world. Your a joke and I can see that by your comments on patents. Most educated people know that patents DO NOT have any requirement to provide evidence or working models of an invention working.
Next ChemX's position is not a surprise - there's been enough indications that they're not a multi-billion profit making company!
I agree, MrT - this isn't going bust and I'm hoping/expecting to see the sp rise again next week if they get through the next gateway.
I also think that there are more deals to be done. Very interesting times for such a minnow of a company.
Pauly
I pretty much guarantee this will not go bust.
The only way it could possibly do so is if it runs out of cash and can't raise funds. It could still then sell off its assets?
The one positive here for me is how easily Clon can raise cash from its backers? They obviously have deep pockets although as we all know any raise is sold off into the market for a small percentage gain, so its usually very straightforward and easy.
I keep saying if this project has legs then Clon will need cash and plenty of it, outside funding may or may not be available but I guarantee cash will be required.
However, if newsflow is positive the sp should head north making future raises less painful for shareholders.
Just my thoughts.
Mr T
I might add Pauly that I can tell you're invested but then why so bleedin negative:_)))??!