Member Info for CanaryInTheMine

Unlike a lot of other AIM companies that issue news, have a massive spike in price and volume and then fall back in both, CLON is steadily delivering big trading volumes without news. Yes, there are some big sellers out there, but the story behind the Next-ChemX technology is also bringing lots of buyers to the company too and this is not just pump and dump on news, it is a slow and steady volume. As I expected new investors come into the company today, and we have nearly recovered yesterdays losses already. The overall direction of this share is clearly only one way and that is up, but there will always be red days as people take profit. CLON are in the most interesting area of one of the most in-demand materials on the planet and once the pilot plant is announced and the tech is proved to work at scale this will be one of the biggest success stories on aim in 2023.

It's slow and steady here, which is exactly what it should be with a producing company. A few years ago, Angus was like RRR, where yesterday's news release sent the share price soaring by 60% as they got permission to move into production. But when you read the RNS in detail they are only moving into very small scale production and will then have to raise a lot of capital to fund this. They are probably years and millions of pounds away from generating any serious revenue, yet Angus are looking on course to make £2 million per month every month for the next four or five years at least. This shows the difference between the two companies. One is a gamble that will show large instant returns before inevitably having the share price fall back. The other will show and steady increases on the back of real money, and when they acquire another asset it will move up to a completely new trading range. I know which I would rather be invested in and it isn't RRR.

Angus won't be bought out in my opinion. They have now achieved the holy grail for any small-cap oil company and have a production asset that is delivering regular cash flow. They can now look at acquiring a new and bigger asset and use the cashflow from SFBY to develop this via debt rather than equity. They would be mad to sell now as they have really done the hard bit. The move to a £100m + market cap company is only one sensible acquisition away now,

But the thing about CLON is it does these kind of volumes regularly even on no-news days. Once this round of sellers are cleared out then it will rise again and on news it will fly.

Bi sells into the rise, but there is still demand on the buy side. I suspect that there is a bit of profit-taking going on after the last two days of rises and we will be back to blue later today or tomorrow, but we will see. One thing that I am consistently impressed with about CLON is the volume of shares that are traded in here. On a good day is massively outperforms shares like VAST even though their market caps are significantly bigger. As long as this continues then the overall trend is always likely to be upwards.

Solid output around 9MMSCF/D is all we need to be assured of long-term success here. We are delivering that consistently at the moment. As long as gas prices do not crash dramatically, and they won't, all of the rest is just noise.

RRR may be further ahead of CLON in mining development but they value of CLON is not based on the value of the mines but the value of the Next-ChemX technology in the joint venture. If this DLE technology delivers then not only will CLON benefit from its own lithium brines but will also potentially benefit from their 50% share of the JV with ChemX that holds the exclusive rights to use of the technology across the whole of Bolivia. This means that they could give a royalty on all lithium produced by the Bolivian state. RRR are a mining company, CLON are this too but are also now a mining technology company.

Oktane, in short you'd rather gamble on higher risk, higher reward plays. That's totally understandable if that is your risk profile, but I would prefer to invest and hold in a company that is almost completely derisked now and should still be a 3 bagger by the end of the year. Good luck in your other investments.

A very positive day all round. Here's to more tomorrow.

Qotwt.....oooooOOOOOooooo

OMG, Pinocchio, are you now just banging keys randomly with your nose?

Ab76 if that is the case then this is definitely good news for us.

Mls you are right there is no way the Tunisian situation will be settled before the American assets are acquired, since the latest news implied that the US acquisitions would be done quickly. But they had money put aside from the last raising for development of the Tunisian assets, so they could repurpose that instead of raising more. It all depends on how much they put aside for Tunisia and how much the American assets cost.

Educate YOURSELF. Stop posting lies.

Once again, incorrect pinocchio, but I expect nothing less from a poster who has posted nothing but falsehoods for as long as I can remember. Would you care to describe how YOU knew for certain about the issues with the Tunisian government before the company released an announcement on it? It's yet another lie isn't it?

Also no company would be legally allowed to say anything other than if testing is successful in their quarterly report before they have carried out formal tests, however certain they may be internally of those tests being successful.

Thanks for that info ocelot. However, I would think that this is only going to be a short blip in the gas price as these Norwegian outages will be sorted out soon enough and will not have a long-term impact. After seeing your post I think that this will just be a short-term spike and should not make any difference to the long-term gas price, so i don't think that we should assume that gas prices are going up.

I would rather they kept the geothermal on the boil too as long as it does not cost too much money. The world is constantly looking for fossil fuel alternatives and there is going to be more and more money available for such projects as time goes by both from governments, especially if Labour get in, and private enterprise. Geothermal can easily be un in parallel to gas as you say.

Flushgarden, on Jan 4th 2023 we did not know that there were issues with Tunisian production as the problems with Tunisia and the arbitration issues were only announced less than a week ago. Once again, you resort to pinnochio tactics. Your nose must be growing longer by the second.

Rpg7, my views on Zenith at the moment is that it is disappointing that things seem to have fallen apart in Tunisia, though I think that this matter will be resolved in time and the company will not lose out overall. Obviously there will be a decline in cashflow while this happens but we have clearly been suffering this for nearly a year now anyway and the Italian gas money is still coming in. I am pleased that they appear to be acquiring US assets that will deliver revenue without political problems and hopefully replace the Tunisian production but I am interested as to how we will fund the acquisition. Put simply, the situation is not ideal but if we acquire US assets and successfully negotiate Benin or Yemen then things will look much more positive. At the moment it is still a hold for me.

That is a massive change in the futures market in one afternoon. Is there anything major that has occurred that could have caused this?