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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
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.
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.
Read Eagle Eyes 12.59 posting on the March RNS. Could not be clearer as to why !!
Surprised nobody highlighted this either
It seems that what Clon are offering is not just the tech but the buyers of the lithium too
Https://amp.theguardian.com/business/article/2024/may/14/joe-biden-tariff-chinese-made-electric-vehicles
Internet problems
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
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
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.
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.
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
That's the peak over now. Still a Very long way to go. Lots of placees will be selling into this like possessed demons.
Will see the harsh typical aim retrace .
( Hope I am wrong as still 70% down on this )
Ricky as happy as usual.
Come on Clon line them up and let us have em
Lol, All the derampers out with their words of wisdom.
Mcap £3m. Finance will be no problem for CLON as many electric V producers may want this staff. Future sp after stage 3 will be x10 x20 easily. that is 30-60m Mcap and growing.
buy and hold. price fluctuation today is miner in what to come next.
This will have similar growth to KOD with no risk associated to Mali politics and uncertainties there. Plus a reduced production costs as it is at surface and likely consumers in America and Europe. KOD moved from 0.04 to x15 on finance till production.
Nice one. Hold for gold.
Just read the RNS and that's as positive as we can get at this stage... very reassuring. With the backing of the EU, there shouldn't be an issue getting through this next phase.
Next step, I hope, is confirmation that CLON gets some additional funding either through Euro agencies or maybe there's a hint that someone else joins in the JV... very interesting times.
I had a high level meeting with the missus and asked if I could borrow £20, She said no. EE, I suspect you’ve made thousands over the last few weeks at the expense of others.
I bought early this morning well before the RNS as news was out in the public and sold on RNS great day and re-invested in KDNC and VRCI worth a look too very cheap
GL to all here. Please check out AGL. Broker Rating 70p. GLA
Wish I had more funds to top up as this is cheap as chips.
Yep, thats what was said a few months ago when they introduced another 1.12B placing shares....
Lets see if sp can manage to recover towards midday high..or at least 0.05p+
I have a
Loaded @.423 p
Great progress today underpinned by the RNS..
And we still just above the year low…
GL