Clontarf Share Price (CLON)

https://www.google.co.uk/amp/s/simplywall.st/stocks/gb/energy/aim-clon/clontarf-energy-shares/news/clontarf-energy-lonclon-is-in-a-good-position-to-deliver-on-growth-plans/amp/

My take is obvious disappointment by bod. All seems to be conspiring against CLON at a crucial time... oil prices collapsed and CV 19 delaying final licence ratification. On the positive side Insolvency Bill passed (suprised not mentioned) and a years funding, perhaps alluding that we can wait up to 12 months for ratification ( which if comes to fruition) a fundraising would be at a large premium of present sp.

Thanks Massiveray, I think things will definitely come good long term but I agree it’s a long hold and one to just top up on with spare cash and one day when it does shoot up we’ll have large holdings here for the multibag, need 0.465 ish to break even and atm not doing too bad here thinking yesterday went down to 0.36p we’ve recovered rather well

Sister company, Clontarf Energy (CLON), announced preliminary results for the year ended 31 December 2019. Clontarf’s reports are usually worth reading, if only for Dr. John Teeling’s comments and opinions. Their main interest is a a 60% stake in the Tano 2A concession offshore Ghana, in which Petrel owns a 30% interest too. https://www.share-talk.com/oil-man-jim-company-oil-gas-podcast-blog-27th-may-2020/

Hi Sam, my thoughts are it is what it is for the time being, my strategy has been to keep my holding on a long term basis and hedge myself with other shares in order to significantly reduce any exposure here, fortunately I've been able to do so successfully...