Member Info for DJP4976

Well yea there kind of does need to be a link as with reality mine simon Wilkinson is a non-exec chairman, that’s a link, otherwise you could pluck anyone of millions of companies and speculate they could be RTO target - I have quite a large holding here so certainly not deramping, but I’m my opinion for speculation t have merit there needs to be more of a link

Quick look at this, I actually really like the concept but apart from Boohoo recently adopting it, what would link it to here? Just had a quick look on companies house and no directors are linked with the Concert party here, just trying to think of or find a more valid link

https://www.namibian.com.na/117677/read/Recent-Namibian-oil-discoveries-inspire-more-drilling-in-Africa

Mentions Global alongside Shell, Total and Eco - very very interesting

There was a buy order in recently kept showing up in auction for 500k, haven’t seen it there for a while but wonder if they’ll come back for a few, think it’s was in at 1.39 from memory

A bit of decent news now could really see this one move imo

Yea there’s been 250k on the ASK for weeks but it’s now pretty dry, chart looks lovely too right now

First couple of buys for ages - just need a positive update to set us on our way

250k max anymore is 1.99

Agree just a waiting game - still only 250k max before the MM’s want a big premium

Be interesting to see who took the 2.125m from last Thursday also, if it’s a TR1 holder, we’d expect an increase TR1 as that’s almost 1.5% in one trade, I initially thought it was also a sell as it matched the remaining holding but now they’ve TR1’d saying they had sold 2m only, it would suggest the 2.125m was a buy

Took some here last Thursday 2 x 250k after the book flipped, it’s been very weak on the bid for months and have always been able to buy in size, Thursday that changed, and was proved right by the large delayed trades that popped up after close on Friday evening, suggests either seller out or someone has taken a decent chunk off of the seller. One of the trades matched the ending figure 2.125m and 2m trades, seller had 5.325m left over a month ago - still valued sub cash also, so add a bit of news and could see a nice move

My take on todays news is this - it’s crystal clear this has been done as news that R.Parris considers strong enough to get some warrant cash in, for this to happen and for current warrant holders to want to exercise them I would say the share price will need to be trading comfortably above 30p.

News won’t be released in 2 weeks as that will only allow a day or 2 of trading for warrants to be exercised, in my opinion news will come within the next week, which gives a whole week or so of trading to get as many warrants and as much cash in as possible.

Like it or not, warrants being exercised is better than a discounted placing, and the fact they’ve been extended by only 2 weeks, is clear as day big news is very close IMO

Let’s see how it plays out…

Monecor don’t have to RNS once below 5% which according to their last TR1 they are, so don’t expect to see any further TR1

I literally can’t wait for humble pie to be served up here to the doubters.

In the recent article it stated

Potential candidates who have the technology in the EDL have come to our launch of the call (…). There are nine companies that are currently selected, so they are going to sign this memorandum, "he said.

Key phrase - ‘…who have the technology’

In David Horgans most recent interview just before covid struck he stated

‘We are at the cutting edge of that technology’

He also went on to say referencing Peter O’toole (significant board member here in my opinion)

‘He’s the Irish console in Bolivia, he’s a highly respected contractor, he’s famous in the mining and road construction industry and in fact he built the roads that go to the salt lakes, so intimately knows the country, intimately knows the government decision making apparatus, and they know and are confident with him as they’ve given him contracts for decades now, and we think that combination of the diplomatic weight and practical experience on the ground, will be just that extra nudge we need to get a contract over the line’

Also in the same interview he mentioned

‘We are already working with some technical people who are geological experts and advisors to leading Chinese manufacturers, so there’s an excellence chance we’ll bring in Chinese partners that’ll give us access to market’

The fact there is now 9 companies is a massive confidence booster that one of those is going to be Clontarf. I have a very healthy position here as on this news you won’t be able to buy anything sub 0.5p IMO from open, and even if you could there won’t be any size available. I’ve got a sizeable position and I’ll await this news as all my research, links and hints points to a deal being done and i believe on that news we’ll be trading at least 1.5-2p range and even at 2p that would still only be a £17.5m MC. The potential upside currently hugely outweighs the downside imo.

Nice delayed 6m buy showing today, the largest trade we’ve seen for some time. Patience certainly required here, but on the right news this could definitely do multibags from such a low market cap starting point. We know the real big news is the Bolivian lithium or Ghana, but also potential news could come from Nigeria or Chad

Nice delayed 7.5m buy showing delayed from Friday - before calling it a sell, check the spread at the time of that trade and also the fact the BID didn’t touch this level it’s clearly a big buy - very interesting indeed

Actually looking at the warrant exercise, 10m broker warrants were exercised at 0.2p on 15th Feb and a further 24m at 0.25p on the 19th Feb, this for sure could have created a bit of an overhang. As you stated the share price started to come off directly after those dates. It’s been 5-6 weeks since and lack of selling yesterday coupled with a very strong bid suggests we are about to see the next wave higher all IMO

Why would it put an anchor on it if they exercised warrants at 0.4p? The only way it would put an anchor on it is if those warrant holders were selling sub 0.4p, which if so I stand by my comment, as they would be doing so at a loss. Warrant exercise won’t hold the share price back, unless those warrants are being sold, I would agree if the share price was around 0.5p level but not sub warrant exercise price no

Indeed I did, hence the ‘in their right mind’ comment.

I for one wouldn’t cash in 0.4p warrants when the share price is sub 0.35p when I would be in a 15-20% loss straight away when I could just buy in market, so any ‘sane’ warrant holder would wait until share price is comfortably above 0.4p.

Also check the volumes out from the 0.5p peak a few weeks back, they’ve been relatively low which has seen a drift back/consolidation period, yesterday marked a breakout and I expect that to continue in the sessions ahead into the IPO catalyst in a couple weeks