Below 0.010p sound right to me. Why would anyone put money into this before any profits with this track record.
Early investors on AIM always get punished if there are no profits. Early investors are used to get the project going a bit like eurotunnel if anyone members that. Great piece of engineering but at investors expense.
"3 months until they get going and 4 weeks testing all going well and then however long it takes for them to give us results"
Very true.
That is the amount of time it will drift downwards. Why would a lot of investors wait if they are sitting on a profit and can take that and get back in at a latter date cheaper ? AIM is news driven.
Clontarf Energy plc (AIM: CLON), the energy company focused on lithium brines, and petroleum projects, is pleased to update shareholders on the terrible loses they are sitting on. Don't worry there is a lot further to fall before a placing.
RE: Richard Shemesian loving the #UFO6 Mar 2024 08:37
A lot tp look forward to - Mining license will see this drop another 40 -50% same as other announcements. May go up 5-10% for a few hours on the announcement before going down again.
Great way to lose money here. ( and no I don't want to view the graph upside down to see how great this is )
We are in Recession. Inflation not going down and being stubborn, A lot of people prefer to buy dustbin fodder from temu and shein, UK markets are a shorters paradise........
Am hoping this will stop falling but does not look good.