Member Info for Beetroot

Anyone else get the sense we're being held back ?

Presumably CLON doesn't need to wait for this round, should just to proceed to ratification.

I don't but with the level of apparent sales and no drop surely there's a passive buyer happily soaking up the sells ?

Not to answer Rise's question, but to add a view - to calculate the average price paid you need to include costs. That being the case, you can buy at your average without increasing it.

That's how I look at it anyway.

Either a big sell being worked or we are being held back. Can't help thinking someone is accumulating.

Interesting post Lost, thanks for sharing.
Let's hope CLON have been busy pushing for ratification.

Well, they had a choice. If they thought PET was going nowhere they could have left it in limbo. But if they saw a future, then yes, no choice but to rescue it from the situation. But I doubt they would chuck down that sort of money without confidence that they'll see it back in multiples.

Teeling is retiring, but he is sticking with PET. There's a lot going on with CLON but I think PET is the main vehicle - minimal dilution over the years.

Possibly Chitta, but it would take PET and CLON giving up similar amounts (proportional to their holdings) to the partner, or PET being suitably compensated of course. Don't know why PET would unilaterally step away from a ratified deal. And remember directors recently bought up the locked shares.

If news has leaked about Ghana I'd expect some activity with PET as well; there's been nothing. Apart from being marked down about 12% on a tiny amount of selling over last two days.

Thanks asimple, already aware of all that. Was just asking about which shortlist you were referring to.

So true echo. The directors bought more for a reason - I look to that as being reason to expect something sooner or later.

By the way, I'm not challenging, or jumping in for steward, I'm genuinely interested as I can't find such a list and I'd like to see who is else is in the race (from the Bolivian point of view). Cheers.

asimple.. so you are obviously not referring to the shortlist of extraction technology companies as CLON would not be on that. So there's a shortlist of potential licence holders ? Can you please post a link or direct us, I'd like to have a gander - many thanks.

From the price that looks like a late post from Friday, so more like buying into the rise !

Surely it would take Ghana to get both moving, or are you speculating on another PET / CLON tie up ?

Yep, I'm not sure the triple whammy of Bolivian Lithium license, a free carried second Aussie drill, and Ghana ratification with investors on board, would even get the SP to that level !

It would take one hell of a deal to push CLON's MCap from circa 3m to circa 940m !

Could a decent lithium deal do that - in time who knows.
In the short term 1p to 2p is very achievable I would think.

£25m to £50m seems reasonable for a small lithium license.
IF that's what's brewing, of course ! All just speculation at the moment.

I believe he meant that he didn't want the clock to start ticking until we had a realistic chance of getting things off the ground within the contractual timeframe - i.e. ability to finance.

... well that didn't last. There's activity on the other market.

... rather unusual.