the rise was due to the fact that lots of ship owners are thinking that now is the time to repair/overhall/maintain ships while everything is quite, so INFRA may be getting lots of orders for H&W to do maintenance on their ships.
RE: Reached 1.8p near close, more tomorrow!04 May 2020 23:42
Numbers, Same here - I never put a stop loss on an aim share as have seen the very same happen and it is sickening. The mms probably have to make a sale themselves at a low sp to make it a valid trigger to go down and pick up cheap shares. Should be fca investigations when it occurs and hefty fines. I also have a look to see how easy it is to seek and buy a sizable amount as sometimes you are stuck with shares unless you are willing to sell at much lower prices and it is horrible.
Tried the website on my PC and this works fine. Downloaded the app onto my phone - downloads OK but just comes up with a 404 error when I search for anything - this was the same yesterday, so not sure if the mobile App is sorted yet
I have taken a look at WESHOP and it really could be massive . Does anyone know if we own the weshop.com domain and just not using at the moment or what the plan is from a worldwide perspective e.g. are they going to do a weshop.us etc?
It was great to hear that the IPO is still scheduled for 2020 - it would be nice to have an idea of how much it may IPO at. It was also good to hear that we have some very large customers. I see that Swisscom is one.
Good piece Robrob - just to add, Tullow (up over 50% today) states that it's lowest cost oil is in Ghana at $9 a barrel, so even at a sale at $30 we would have say $20 a barrel of 120M Barrels (If we give TW 70% for a farm in on 1BB). So $20 x 120M = $2400M for our share and if the price of oil goes back up to say $50 a barrel well need I say more. I am not sure why, in this day and age of technology why CLON cannot do more in terms of discussion in March via phone/videocalls. Just imagine the BOOM sound if we get our original licence back or even the other licence - or both!!!
Just some background to our Ghana TANO 2A Licence for any newbees We are waiting for ratification of our TANO 2A licence by the Ghana Parliament, already signed off by the Ghana National Petroleum Corporation (GNPC). Some other Tano licences were put in front of parliament on 23rd Dec 2019 and it is hoped that our one will be motioned very soon once the Insolvency Bill has been signed off… In terms of profit to CLON if and when we get our licence ratified - if we assume 1B Barrels (David Horgan says multi-billion https://www.youtube.com/watch?v=Cm1mDihuEXQ) PMO recently farmed in to 88E Alaska field (where they assume at least if not more than 1BB) where they will fund the well drill to $25M and they have taken 70% of the well for that, leaving 88E with 30%. If we assume our licence will have 1BB and collectively (PET, CLON and the other partner totalling 100% currently) have to give away 80% of the licence to a farm out (as David Horgan says it could cost $30-40M to drill the well - so a bit more that 88e's well by PMO) then we will have collectively 20% remaining i.e. 200MB. If PET’s share of that is 30% and CLON’s share is 60% then we would have 60MBB and 120MBB respectfully. If we have a profit of $5 per barrel (with oil at current $20/b) then we would have a profit of c$600M. DH says that the field could be multi Billion Barrel - so even better. If and when the oil price goes up then our profit will increase by $600M for every $5 increase in oil prices. DH has also asked for the original licence, which was allocated to us but which was then given to another oil company (ERIN – which has now gone bust) This is in shallower water and the drill costs would be even less. The Ghana Parliament are reading the Corporate Insolvency Bill 2019 on 30/31st Jan 2020 and this is a step to recover assets where companies have gone bust or have not use the assets (ERIN).
All pure speculation and calculations on my part and all dependant on Ghana ratifying the licences. Please Do Your Own Research before investing ......
Massiveray, I also have a large holding here and am not selling any. At these levels it is a fairly liquid stock but if anyone sells any in large amounts then they are very unlikley to ever get back in at these low levels
Should have been called the 'watching paint dry' bill -:) - if this does what it we believe it will do and then PET gets sorted and then Tullow or ANother buys in to shallow drill (if we get our original licence) then BOOM BUTTY BOOM BOOM. I just hope they are keeping a count of the clauses - imagine if the person recording them say - oh drat I have lost them, we have to start again (only joking of course)
Whats the feeling here whether PMO should continue to fund 88E's Alaska drill (if it can stall it at all). It is probably too late to stop now and if it should hit it's target then that must be a plus at 1.6BB, but I wonder if it could sell the whole lot then to help pay down our debts - if anyone would want to buy it at the moment?
I see that there were some big buys at 16:40 listed on London Stock Exchange - 3,638,771 - amazing to think this would have cost over £3M not long ago and now cost £600K. Wonder if this is JPM or MS buying again.