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Barry Morgan is putting negative spin on the clon license again lol do not believe the media spin

Just different spin. Relax hold tight and wait for facts. All eyes are on the Ghana government on this one. Big oil and IHS are watching.

Ghana needs more exploration Clon are ready to go ahead with JV, this will get approved shortly before q1 19. Just saying

Probably approval will happen within the next 2 weeks

The facts are very positive, it’s the media spin that is negative. There is no question that the Agreed PA is with cabinet now waiting approval. Tick.
Teeling is being straight with the reporter “he can’t and won’t” give a date, why? Because it is not in his hands and that information is not available. Should he make a date up, No.
However it is very probable that the PA will be approved before Q1 2019 DYOR

I agree with what your saying Tilburn. If they shaft Clon which I don’t think they will do. The risk profile will increase for Ghana and accordingly do would what they would have to pay their supply chain as all the risk associated therefore with Contract Sancity would them be priced in. Belive me they would be shafting themselves if they did that and I personally believe that the players involved in the Ghana gov will not do that and we will see the agreed PA approved by cabinet and ratified. Clon have the means to drill and spud next year with JV. It’s a win win

The key is in the second para, this is the clue to the timings although he didn’t say exactly.
The Gov are keen to clear up any legal issues before they go out on their bid round which is q1 19. Therefore expecting PA to be taken I died before end of this year.
This is what the article should have read like but they span it negatively whereas the facts were positive.
Never trust the media

Approval before Agreed PA is Ratified!
This could have been the headline!! Teelings words.
“We know that our proposal is before the cabinet in Ghana, but we haven't heard anything on that. It is unlikely that it has gone through the cabinet, because I think we would know immediately. Sometimes in shares like this they can become the target of speculation." What this means is the BOD are anticipating news and Teeling goes on to say ....

They [the new government] are very keen to clean up any legal issues before they go out on their new bid round. I can't - and won't - give anyone a date on when all of this might be completed because nine years of fairly bitter experience, and a lot of money spent, has put manners on me. It has just sat there and we have been trying to do other things in recent years."

Clear message to Government that they have spent a lot of cash with the surveys etc and now it is time to carry on with the exploration programme.

Never believe what you read in newspapers. They are there to create stories and that’s exactly what they do. If you want facts then DYOR or collaborate as a community which is what we are doing here albeit the trolls such as confu. One day they will be negative the next they will be positive. Do NOT get suckered!!!!!!!!!

It was actually confirmation of positive news that the Irish paper put a negative spin on it.
It basically said that the AGREED PA is with cabinet, next stop ratification. They also mentioned Clin was “searching “ for lithium which is nit in the public domain per se, another bit of positive news.
However some investors freaked out and they got robbed.
GL

Not slacking just need to be patient I made my decisions to buy in here nothing has changed apart from confirmation that the AGREED PA was sent to cabinet.

Nope you are wrong there mate, someone needs to get a wrap on the knuckles as the facts reported should be just that and if the are fabricated then that should be clarified

There are 2 facts confirmed by the Irish newspapers article and the alleged Teelings statement in said article that were not confirmed in the public domain. The “agreed” PA was with cabinet. We assumed it was but it was not officially confirmed 2) that Clon was actually searching now for lithium. Last RNS stated discussions were taking place and possible JV. Said article stated that clon were now searching for lithium which implies strongly that the discussions and JV had advanced beond what is stated in public domain.
These two facts have not been reported in RNS and to be fair they should have been. Its either tut tut newspaper for fabricating a story or tut tut clon for not issuing the appropriate RNS’s. Either way it’s very good news that both projects are heading positively in the right direction like Botswana Diamonds.
Sent to cabinet ... tick next tick expected before the end of Nov Cabinet approval and ratification closely after.
1) that the

Expert Traders do not invest / trade based on whats reported in the media whether it is newspaper or TV. They make valuations based on probabilities and possibilities and place their positions at least 6 months before and ahead of their target profit top slice. For me my target is spud of first well, possibly next year.

If you read the quote and actually what Teeling says, to me it is not reflected positively in the story and has been pun a negative twist. It is amazing how the media manipulate things. The writing before the quote is all journalist opinion and manipulation.

Next week on news of approval / ratification they will change their tune and report something else. Media is all tripe and if you trade based on what you read in the media they you are a fool and will most likely lose all your money.

Teelings alleged words;
"There was a big movement in the share price this week. But we have no evidence that anything has changed in Ghana," said Teeling.

"We know that our proposal is before the cabinet in Ghana, but we haven't heard anything on that. It is unlikely that it has gone through the cabinet, because I think we would know immediately. Sometimes in shares like this they can become the target of speculation."

The story could have been written a lot differently but the journalist put a negative spin on it.

We have to be patient now, hold and accumulate on dips.

Confu is full of tripe, I would put her on filter but I need a good laugh now and again ;) . Actually tripe is an understatement. She knows nothing about the oil and gas industry and just posts deramping dribble.
If you look on the block maps it looks like there is a large area unallocated, yes ther is a bit missing further offshore but we are gaining ground to the right if you are looking in shore. Word is that we have it and the coordinates are different but larger area. By the end of November we should know. IMHO GLA
PS fo not listen to garbage or folllow dumb posters. If you have done your research then you should be happy. For me I am invested and will onky top slice on spud :)

It’s just finishing then

what I can tell you is the market is looking good!!!!!!! We are at the bottom of an upturn all good for clon, use re-rate is on the cards.

You are absolutely clueless

I believe this is the start of the Re-rate for Clon