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Not long now to fresh all time lows and more dilution.
Placing around 0.06 to attract new investment would be a smart move for the company giving placees a chance of making some money.
This'll bounce down as it usually does a few days after an RNS. I am expecting more JVs with larger tickets and much, much lower sp.
Newcomers will be diluted out of existence. But this needs to be done for the sake of the company. Acceptable collateral damage.
What news could send this up in the next year now ?
Answer - Non
Who will buy now ?
Answer - Only fools willing to be scammed
What a disaster of a company staggering around like a punch drunk boxer.
0.05 coming. A placing at 0.06 in two months time?
Sell the whole lot in a years time at 0.1 maybe less after loads more placings, shenanigan's and dilution.
Death by 1000 cuts. Mike doesn't always get it right and looks like he has thrown his money in the bin on this.
Shorts in control will easily shave another £1 off this in the next year interest rate cuts or not.
Eventually could come good though as they do sell good products unlike shein .
Be nice to see a leg down this week and take profits. Trade it and make lots more money. Buy at the bottom and sell at the top of the next small unexpected spike. Then let it fall for a better opportunity.
In it for the long run as I am a Proper LTH.
Excellent start to the week. Should finish the week circa 0.14. Looking good to hit 0.08 sometime in May.
Shorts in total control now. With no rate cuts until nearer an election this could easily go to the 30's with a co-ordinated short attack. Crazy as that sounds.
You would think a bid at above what the cosmens were buying at.
Same pattern as always.
Insiders loading up before news release and a lower high then the last ' transformational' news. Followed by a roughly 10%-15% rise on the news followed by a very rapid decent into the abys and new lows.
Then a placing at new lows and the lucky few who got in at the Exact bottom of the last spike by accident will hail what a wonderful share this is.
Rinse and repeat.
Yes, back down . There will be a massive attempt now to get this as low as possible by the shorters with low volume . Expect new lows quickly. Seems they can do it and make a lot of money so why wouldn't they ?
01-Mar-23 - Barclays Equal Weight - 740.00
02-Jun-23 Price 3 months later was (drum roll please) - 358
How would you trade this ? Buy now at near an all time low and it could go straight down another 60 %. That's a trade but not a good one.
Unless you have inside information it's pure gambling.
Back down she goes. Every move up is Always sold into. A lot of investors desperate to get out of this share.
Need some Bolivian ayahuasca to see the potential of Clon come true.
Think how much Barenberg Bank made after their broker downgraded this valuing this at £16 only a few weeks ago.
No doubt they made millions from that.
.08 within a month. Then some news and this will shoot up to 0.2 again before falling off a cliff again.
Rinse and repeat.
Won't take long now for new lows and another placing. A JV will see this rise again with a new lower spike followed by another leg down..................
And all the way back down she goes. Mining licence makes no difference.
A high of 0.25 last Wednesday and it's just hit 0.18.
50% retracement or more looking likely.
Lower low achieved after every bit of news.
Well my top up at .47 showing as a sell
When that licence drops boom time
Space cadets
Lyndon
Posted on 7 Dec 2022 14:57
mmmmm not good advice
The native agreement.
Went to .33 and then lost over 60% and went to 0.11.
We are currently at o.21 around a third lower give or take.
What is the next set of announcements and when approximately ?
Long term I feel this is good but why jump in now . Surely it's better to wait until the price drops back 50% and stick your money somewhere else in the meantime. Confidence is shot here.