Member Info for Castaway

Whether you like him or not it is unlikely anyone can challenge him externally with the shareholding the directors have:

Nick Bridgen 12.01%

Andrey Kuznetsov 13.54%

Mick Davis (Vision Blue) 22.5%

I understand your POV, they delayed and delayed and then put out a study that's just not sexy. I thought the feasibility study would appear to be underwhelming, however I think there is a decent upside from the current s/p once a few things come together .

Echo - I have been investing in BOD since 2015, through the highs and current lows - I am very positive about the future here, due to the potential of many other licences for polymetalics/Cu/Ag/everything in Botswana, however having experience of other companies operating in Africa I would not mention any corruption issues, the politicians read newsgroups and are very sensitive, not sure what you have heard, but it won't help our case if you broadcast it.

Ripley - most AIM shares drop a huge amount and then go bust - I have been investing in VAST for over 10 years and probably lost more than I have gained, the reason I still believe VAST will be immense is the assets VAST holds and the way Andrew Prelea works - he will build a huge company eventually especially if he gets a decent amount of cash from the diamond sales. The Tajik mines, the huge copper deposit at Zagra - potentially biggest Cu mine in Europe and many other possibilities in the unpopular mining jurisdictions (which could change very soon!). This is the problem, until VAST start generating revenues the S/P will not increase substantially. I still think if the Zim diamonds generate $20 mil+ VAST will rocket up as there will be the cash to fund all the assets VAST owns to production or move on to proving up/JV. https://www.vastplc.com/operations/zagra/

Still here not posting anymore it's a waste of time - this is going to be a good year for VAST though. AP always delivers eventually!

I thought it was odd that Art jumped ship to COPL America a few months ago, I should have realised! - it is much easier for the potential JV partner to just wait for COPL US to default on their debt and make an offer the senior debt provider who would be delighted just to get out in the current climate - so they pick up all the assets for $40 mil + interest, rather than a lot more for a 49% stake . I am of course not saying the former CEO was complicit in this and the expected increase in production has not been achieved due to some unknown problem? -Art won't care he will stay with the assets and they need him to get it running properly - my bet in a couple of years with $30 mil invested they will be producing 50,000 bbl per day and Art will still be on his $500k + bonus. I am not saying this was the plan all along. However 18 months ago debt was $50 mil (ish) and market cap was £50 mil (ish) and now the debt is the same but MC is £3mil - so as I see it, shareholders have been rinsed of nearly £50 mil and we will probably be left with nothing. Basically we have funded the development of the Wyoming assets and get nothing in return, everyone else the debt funder the eventual buyer and probably Art win hugely. I hope I am wrong! Merry Xmas.

Header, the shares issued were to cover Blue Visions convertible loan, so the company received no cash, they just issued shs to cover the loan debt.. I attended the AGM where some LTH gave the BoD a good grilling re. the S/P, but what can the BoD say? it's all ongoing and takes time. The delays are mainly due to getting the ore samples processed by SRK consulting, they are very busy and it is industry standard for them to do it so there is no way round this (the banks which are to fund the project would insist on this in any case). So FAR are doing their best!.

I think we may get an update on metallurgy, but the real game changer is the BFS and whilst I hope this comes out as advised April 2024, I would not be surprised if it's delayed again!

On a positive note I quizzed Nick about possible future placings and he was confident the pilot plant would provide funding for the day to day running of the business until finance for the plant construction was required.

I feel FAR has a fantastic future, the metrics of the mine are off the scale, however there is a bit of time to go before lift off and that is currently reflected in the S/P.

According to the RNS re. the £3.5 mil placing "We are currently at an advanced stage in examining late stage gas exploration prospects in Australia and I look forward to providing further updates on this as and when appropriate.".
Where do you get the idea CLON is getting a producing asset from?

The market cap is currently £12 mil (2.27 bn shs in issue after placing shs hit the market)

From RNS re existing assets i.e. Bolivia/Ghana. "The net proceeds of the Placing will fund costs associated with the Company's existing assets".
This placing does not mean that Bolivia or Ghana is finished, they are obviously about to acquire a share in an Oz project.
There is no way anyone puts £3.5 mil into a dud company at par.
Maybe they are going to RTO some Oz entity, depending on the makeup of the investors they already have a controlling interest.

Anyway it looks positive to me.

As a fellow Stopfordian I concur.

Let's see what they come up with!

That is my view also - if you read the RNS re the last delay , it clearly states that S4 expected the accounts to be ready - I cannot believe SMS would issue that RNS, making PWC responsible for the delay if this was not the case. He has far more to lose than gain.
From the RNS : "S4 Capital plc (SFOR.L) announces that at 2:30pm today (30 March 2022) our auditors, PwC informed us that they were unable to complete the work necessary for S4 Capital to release the Preliminary Statement tomorrow morning."

It looked like Permian are still buying judging the price action after the US opened on Friday - Well them or another II

WTF does an "analyst" know? - i.e. F/All nothing! It's speculation and they love to sensationalise everything for click bait. It is possible there are problems at S4, but IMO if there were it would be reported. S4 is complex due to all the new digital business, it could all be a scam or not - I'm thinking not.

I can understand confu's POV, CLON BOD have not delivered, mainly due to reasons beyond their control - (third world governments) then covid regime change etc.
I do see potential going forward and I don't agree anyone is ramping to get "gullible" punters in - if your that stupid to believe a BB posts without DYOR then your not going to last long on AIM and there are plenty of stocks ramped way more than CLON.
EAGLE and other positive investors have just as much right to post as anyone IMO and I am one of them.
There is a huge potential at the current s/p and little downside.
I have built a decent holding and will see what unfolds.
I hope we get some good news for all the investors in CLON - heaven knows it will be deserved!

The company has to RNS price sensitive news as they get it - they stated it was at 2.30 pm they were told "S4 Capital plc (SFOR.L) announces that at 2:30pm today (30 March 2022) our auditors, PwC informed us that they were unable to complete the work necessary for S4 Capital to release the Preliminary Statement tomorrow morning."
If there was anything other than a delay due to covid it would have to be announced, this is a great opportunity IMO - huge market over reaction!

A company cannot lie when issuing an RNS - the RNS of March 1st stated Covid as the reason for the delay. Until I am informed otherwise I accept it.

Covid rates are off the scale right now and whilst it's not in the news much many people are off work.

I think this is a great opportunity to buy a decent company at a low price and I did so.

May get smashed again in the morning and if It does I'm buying more.

I too have been averaging down recently. In September 2019 we got this extremely bullish interview from the Chairman https://www.youtube.com/watch?v=Cm1mDihuEXQ. Unfortunately nothing happened in Bolivia or Ghana. I believe CLON were then on the cusp of progressing with the Lithium in Bolivia and the Tano 2A block in Ghana, you cannot blatantly lie on a podcast like that it is against AIM rules and the nomad would scalp you. So I am assuming Horgan believed they were about to get both projects going. Two and a half years later we are coming out of covid and oil prices are at record highs - energy security has never been so important , Lithium is also moving up quickly and there must be a greater chance of something positive happening soon IMO.
I do not see a downside at the current MC either, I bet there are a few private companies looking for a clean AIM shell to RTO and CLON is a good candidate with £340k in the bank and no debt (apart from directors fees) .

IMO there is little downside and the upside is a multibag - so I'm putting a bit of cash in and seeing what happens.

URU have 74.8% of a world class nickel asset - this is way under priced iIMO, but of course please DYOR. "Inferred and indicated resources totalling over 1,5 billion tons at 0.25% Ni, containing over 9 billion pounds of nickel, ranking it amongst the top ten largest nickel sulphide resources globally" http://www.urumetals.com/investor-relations/presentations-and-webcasts/uru-shareholder-presentation-zebediela-project

s/p in Canada now CAD 0.40 giving an MC of CAD $21,920,000 or £13,118,221..
MC of URU compared to ZBNI should be around £9.8 mil or just over £5.90 per share.

I agree Tex, I have held shs here for a while but have averaged down a bit recently. I have a feeling something will be resolved after covid and with oil prices so high. If the Tano 2A block is sorted and the potential lithium project in Bolivia, the upside will be off the scale - also I cannot see much downside with the current MC and £340k ish in the bank, no debt (apart from directors fees) this is a clean AIM shell - if you want to get on AIM now you need £6mil ish and RTO would also be on the cards - worth a punt IMO.