Member Info for Fingersandtoes

Thanks Chrishutch, I put together a fairly lengthy summary on this board a few days ago if you would like to read. I am excited by the current stage this company is now at and many things could happen, but one to closely keep an eye on if it should go off direction for whatever reason (e.g. change of governments etc)

Hi Rana, it just shows that you try to make a quick book and as Chris says try to talk a share down by putting the same rubbish on multiple boards. Your statement re SoLG is proof of that - it has fantastic resources and I believe will be massive but they will not be producing until 2027 so you won’t be making a quick buck on that unless you just want to make enough for a pint of beer. I have no issues with day trading if you can catch a good RNS at the start of a day but don’t spout rubbish when you have not done any research. Thanks

Rana - looking at your history and investments have all been rubbish I am very glad you are not invested here. Looks like you are always trying to get a quick buck before jumping out again - you should have got in here but not to worry you can still make a lot even if you get in now. Happy Christmas and hope Father Christmas brings you some sense in investing-:)

Ps - also if you look at my history you will see that I have never been in mtr as i have always thought it to be a dog of a share and I never invest in shares that are just an investment company

Hi Willowman, thanks , no I am not bonker99. I asked him if he could do the chart for me as I have found him to be very accurate on some stock that I have followed in the past and has allowed me to make a fair profit from the ones that I have got into and also saved me a fair bit by steering clear of some that have dived. However I also do my own research as well before I invest and would never invest on a chart alone. I have been investing for years and only recently invested in Kefi the last few months and was lucky to get in at the .65 ish point. I appreciate that for a lot of long term holders (including a friend of mine) it has seen to be a dog of a share with dilution and consolidation over the years and especially with that last stinky death spiral finance cln deal. I am therefore lucky (I hope) that cln are now gone and we are just about to go into starting the mine in Jan and also hopefully some good results from Saudi or if not then we pull the plug on Saudi and just concentrate on Ethiopia. Like all shares I will exit if I feel that the company is not going anywhere and just there to be a lifestyle company for the bod. But at the moment I am happy to be invested here. Good luck to us all

Well we are at/over 1.3p so hopefully we will be following the chart from here

www bonker99 then select charts and then kefi

Harry Christmas everyone ......

Oh sorry that should have read Merry -:)

Thanks for that Bridges. Is the PA before them to remove the 4 companies that did not drill writhing time as I cannot see any mention of any of our members e.g. Pet, Pan Andrean, Abbey - I only see mention of AKER? Thanks

KEFI
Just a summary, for any new investors, of our resources and where we are with them.
Saudi:
We have a JV with Sheikh Al Rashid and his family (40% owned by KEFI) across 2 mines (Jibal Qutman where around 700,000 ounces of gold have been identified) and Hawiah EL, where recent drilling has shown up to 4.2% Copper grades and also gold. We are awaiting the Gold results, however previous drilling had shown up to 7% Gold. These current results have been stated by the company as ‘potentially analogous to some world class discoveries in the Arabian-Nubian Shield.’ We also have c1,000sqKm of pending licences. In Saudi our licence is 200KM south of Barrack's mine (Ma'aden) - Ma'aden is the state and they bought 50% of the mine from barrack for $210M. Ma'aden is lead by the head of Saudi wealth fund ($320B) and also head of Saudi Aramco - who guess what - have just raised $25Billion to invest in other industry including mining!!! Ma'aden and Barrack say they want to buy more copper resources and our results so far look very good 'Wold Class'. So who knows what could happen in Saudi.

In Ethiopia we have spent our share of the costs (mostly) and it's now up the other partners (including the Gov) to stump up their money and we are hoping that this will happen very soon. It Saudi we are a partner with a Saudi company.

The resources in Ethiopia are c1M Oz gold and that is just what is on top - there is hope that there is ever more lower down or in the wider area, which Kefi says they will explore once the project commences. in addition we have another potential resource 50KM south 'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.
Regarding our Tulu Kapi mine, which when operational will be the largest exporter in Ethiopia from a revenue perspective and due to commence in Jan 2020, the announcement on 17th Dec 2019 states that the government has started to construct a new road of 11 km from the main highway to the Tulu Kapi Project site.It was also announced that the Ethiopian Ministry of Mines has now registered the Company’s application for regional exploration licences over an area of 1200 km2 , one of the first to be registered under the newly launched licencing system for the country.
It was also announced last week that the World Bank /IMF have pledged $5B to Ethiopia to help it in areas such as mining.
Last weeks announcement also cleared all debts owed by the company by paying these down at 1.25p + 1:2 warrants exercisable at 2p. The warrants expire end Apr 2020. So investors would only buy the warrants if say 3p + each and if not taken up they will cancel. Directors have also taken shares at 1.25p in lieu of directors fees. Also new and existing investors have paid £1.8M to buy shares at 1.25p + 1:2 warrants at 2p to expire end April 2020. Such a short expiration is very rare and to buy shares at what is above the current sp is unusual.
Please

Much better day today - around 2.5% of the shares traded with £300K total and around £200K of that BUYS.
Can't wait till we get going in January, but I have a feeling Harry may surprise us before then with either funding or some SA information (e.g. due the Gold assay results and that may be a Christmas present for us). There must be something that caused new and existing investors to part with £1.8M at 1.25p. I would love to now who the existing ones are as they would only have bought with knowledge that Harry has shared with them and it's almost unheard of for warrants to be restricted to 3 months before they expire. My guess - and I hope I am right - is that there is either a Barrack/Ma'aden JV lining up in SA or even Ethiopia for CU, which they see as more important. Either that or the SA Shiek's friends want a piece of the action. If we could get a JV to do the exploration in Ethiopia in the $1B CU area 50KM south of our mine or to explore the new massive area then that would be brilliant. There are so many potential things that could happen and we start the year with a clean slate....

I guess that whoever bought the £1.8M at 1.25p wants more at this price. I hope that the 'existing' investors includes the Skeik in SA that we are in partnership as he previously had 3%. If it is then it would be due to our SA results or discussions with a major in SA (I hope).

Been steady as a rock for some time - as you say Invester - any buys will have to pay 1.30 and then 1.34....

Not sure I agree - it’s a totally different beast now. It could just buy our part of the licence and then make clon a pure lithium play. I appreciate they are both run by Mr Horgan and Mr Teeling

Wonder if our Pet billionaires want to buy as many clon shares as possible before making a bid - I can dream can’t I - please dyor

Well worth watching David Horgan’s interview on YouTube again and the bit near the end re Lithium and Bolivia. Bolivia has most of the worlds premium lithium and we tried to get this going years ago. David said that it would take around 90 days for the mou to be in place - this would be around end Dec. our new guy in Bolivia mr Peter O’toole, is the Irish consulate and is a contractor who built the road to the lithium beds, so he knows it well and knows how to work with the government.

As much as I can’t wait for our Ghana licence to be ratified just imagine if we get the go ahead for this as going forward this is much more important to the clean environment of the future that oil (or coal in Pakistan -:) ) and it’s the best in the world - and it’s only Clon - not Pet.

But..... I still think there is both a fair chance and probably good logic in Pet taking over Clon or what ever arrangement would have to be made. Imagine 90% of Tano A2 or our licence that was given to Erin who are to be liquidated, help Ghana with block 1, start the Iraq oils fields again, start mining the best lithium in the world, having 2 billionaire to back all of this. What a major company that would make. Our Clon value would be at least as high as 20p initially and who knows how high it could go. No wonder the directors allocated options in Clon now.

Do not think that I am ramping here as just my views. Should I go for the Clon PR job if it comes up do you think?

Ahh - I had not seen that large trade earlier so maybe not

Seems to be a lot of trades just now at 1.19 and the do not moving, so if they are buys then someone is selling a fair few. Alternatively someone is buying a load and the mm is allowing sellers to hand over their shares at 1.19 - I hope this is the case and we should see some late big trades after close (as is the unusual case with Clon) just my opinion pleas do your own research.

Very good IC article and very true. I think it could have also mentioned that you need to check the spread as can be very large, check how many shares you can trade if you want to buy or sell without making a massive jump/drop and being careful with stop-losses as the MMs can drop very easily to take your stoploss out when the shares are rising and they need some. Research is vital and BBs can be useful as I would not have spotted my good shares without seeing a a high rate of chats, but always need to take what anyone says with a pinch of salt - unless it's the likes of Applegarth (by the way I am not an alias of Applegarth -:))

I also find it interesting that "that Directors John Teeling, David Horgan, Jim Finn and Peter O'Toole have each been granted options over 10,000,000 ordinary shares of 0.25 pence in the Company ("the Options"). The Options vest in equal tranches over a three year period commencing from the date of grant, have an exercise price is 0.7 pence"

Why would they do that at CLON and not at PET? I would suggest that they are confident that CLON will be successful in getting it's licence and also moving forward with it's Lithium mining in Bolivia.

Thanks for summarising again Rise. Just something that I put together a short time ago - this is based on our current proposed licence area which is in deep water (not that that has been an issue to Springfield who just struck 1.5B Barrels in their area at a cost of around $70M). So if we get re-allocated our original licence then that is in less deep water and therefore should be much cheaper to drill.

Not a ramp - just some info which I have posted before - Please do your own research

Just for clarification in terms of profit to Clon if we get our licence ratified - if we assume 1B Barrels
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 (CLON, PET and the other partner totalling 100% currently) have to give away 80% of the licence to a farm out (as Clon 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 CLONs share of that is 60% then we would have 120MB. If we have a profit of $20 per barrel (with oil at current $55/b) then we would have a profit of c$2,400M. Cl says that the field could be multi Billion Barrel - so even better.

As we have the PET billionaires owning 30% they may decide to fund the well so as to achieve a bigger share of the profits - if they wanted to go down this route then it would be best for them to own 90% of the licence I am sure. A takeover may be paid in PET shares but that may dilute their own holdings in PET too much so may decide to pay in cash.

All pure speculation on my part and all dependant on Ghana ratifying the licences. Please Do Your Own Research before investing ......

Pet on the rise again. I have a funny feeling that a bid will be made for Clon by Pet with a share swap offer, So as to get nearly all of Tano licence,but I am not sure if that could be done before we get ratification. It may be that it would not concern Ghana and with the backing of the billionaires it might get signed off easier.