Member Info for FrankyS1971

tbf i've not seen 1 single ramp on this board??? i think its ok to state that if the trial goes well and the long dialogue with bolivia bears fruit that this will multi-bag. do you think if that happens the sp will be static watching?? any commentary here is stated on an "if" basis not materially "guaranteed to happen" basis. i think you're flavouring the board to be antagonistic and are possibly a prize ****?

None of that will happen cos people won t stand for it. Unless they sit here like you commentating on the sidelines and accepting it.

The new guy has no shares in the business. That already implies some major refunding so the new C-suite guys can take a meaningful participation. Mass dilution on the cards = 1-2 years of waiting for the price to reinflate from whatever god awful base the raise happens at. You will at least get a clear view on the plan and timelines come Q1 2024.

Beautifully put Basher.

The thing that has change is the vulnerability of NextChem but I wager they are banking on a positive result to then get funding. Its a bit eye of the needle stuff here and risky. My average is about 13.5 here but I wont load up more personally. I've seen lots of folk "average down" which also means the market is loading up the risk on RI's. That so often ends up being a disaster. Truth is this is a multibagger at any price and for everyone IF it works out. IF. I'd say there is a good chance it will.

You are niaive. This company will without a shadow of doubt become a major success but it will be recapitalised, under different managment and likely with new owners share holders etc. If you think it ll serenely chug along without major ructures then more fool you

As previously stated- why take a business over until its on its knees? Doesnt work that way. You ll get a pittance.

TbF there s plenty of confidence in it. It is entirely novel, unknown and unproven and doesn t fit 99% of the investment profile of fund mgrs or the wider investment community who like things called dividends in the main. I mean what are you expecting exactly????

Mr T - I'd be somewhat surprised if the tech doesn't work so worst case is a delay something NextChem can ill afford having iterated loudly about material difficulty being a going concern and I reckon everything is riding on a successful pilot!! Fall back for Clon are various other things they have had in the offing but I'd expect my 10K to go into long term hibernation for 1-3 years!! We won't go under.

NextChem will go under if the pilot fails. If its a success the rights will get taken up before end of september. We ll know whats happening one way or another before then. Nothing changed.

1. If you were to wait for confirmed news you would have no upside and nothing to benefit. The ship will have sailed.

2. Its ok to investxon hunches speculation and hope. That is what drives the market.

You re talking like someone who should go invest in AVIVA or BT not aim. Bye bye.

MrTibbles - that all sounds logical but it doesn't matter. The govt have got their hooks in and will just get more and more miltant until they get more money and that will require a sale. Promise. It won't be fair or logical. You have a military power in govt, its massive political risk at play and everything else is irrelevant.

This is one of the rare occasions where I have actually learned from the past and miracles of miracles made a good call. i was incredibly lucky to get out of Acacia Mining in Tanzania with a small profit and had to wait for Barrick to take over and I sold those shares at about 32-33 bucks. Thank God. I made a poxy 15-20% over 3 years which wasn't worth the risk. I said in a post a good 12 months or so ago that, Centamin was vulnerable to similar behaviour from the Govt and now here we are. I can pretty much tell you what's happening here. One of the big Gold producers like a Newmont or Barrick will be in cahoots with the Govt to threaten nationalisation of the mine. They will cite operational issues and environment issues and that they will only allow the mine to reopen if it is sold to a company able to manage it better. The "sale" will require more profits to go to the Govt as part of that deal. You'll eventually get shares in the bigger company and have to sit on them as you'll get a crappy deal. This will take 2-3 years to run its course. It is essentially big business and Govts forcing smaller or independent mines out of business. It's disgusting but predictable behaviour and nothing anyone can do. My advice would be to either top drawer it for a few years if you're in this around 1.20 or so. Otherwise sell and reinvest it somewhere else as this will go nowhere for years.

Not all companies have a 3 month runway or will fold mate

NOTE 2 – GOING CONCERN - The Company received $500,000 at the end of the first quarter of 2023, but has not closed on additional funding during the second quarter. The Company will need to complete the financing of a minimum of $2 million under the present offering and may require to increase the upper limit of the March PPO if further delays in closing occur. There is no assurance, however, that the March PPO financing will close or that other financing will be available in the future. The possible inability to raise the financing necessary and the general business uncertainties and particular conditions and situation described above raise substantial doubt about our ability to continue as a going concern.

THAT SAME message of substantial doubt is repeated. This is real fly by the seat of your pants stuff and I doubt gives us Clon holders more than a 50/50 chance.

It Reads very Well?????? What with NextChem having major issues being a going concern?? it looks rather more bleaker given how hard it is to raise cash for anything currently.

What leg up u utter fool!!! hahaha!! the absurdities of some of these posts. So when the crash comes and it well does Boohoo go up to 60??? Everything is going to get burned my friend.

Macro level the FED want to crash the economy as this is the cure for inflation. People need to lose jobs. If you look at past data, with previous inflationary spikes v interest rates and the job losses it provoked this will be ugly. Do not doubt the crash is coming. The clever money is on the move and portfolios are rebalanced to include much more cash. You can get a better return with cash. Specific to Gold, crypto is taking meat off the table. Bitcoin is a Ponzi scheme cos you're average Joe is never going to understand or buy into it, so low volumes and no new people to sell to. Its all so clever with its decentralised ledgers and oooh look,..a halving golly gosh. big picture = zero utility despite the banks trying to make it catch on. This will go to zero eventually IMO but we're talking a few years! Gold won't really become en vogue until interest rates peak and the SEC gives crypto another good kicking. They will regulate it to death, or do people really think that they'll not defend the dollar to the death??!!! 2-3 years this will start to look very different, but if you're in a single stock like CEY I'd personally take a hit, stick it in cash and wait until next year to re-invest as I think when the market crashes everything is down! You'll see this at 50p at some point. OR top drawer it for a couple of years.

Blackrock selling up and no doubt will dispose of their holding. Ouch.

Er..Reality Check. 9 out of 10 penny stocks will lose you money and we've all essentially entrusted money to total strangers. Putting money in any single stock is pretty much going to be a bad bet as a repeated strategy so I assume everyone has put money into this because 1) They have a real interest in the Lithium Market 2) You can afford to lose the money.

I only need to read some of the posts here to see the level of emotional involvement might not be the healthiest lol. Don't get wiped out if Clon hits issues. At the moment its a good story but that's all it is. I'm 10K in and that's my lot.:-))

Here's hoping!

What...most shares double when they get Devote funding? Even when you dont know how much? I m only investing in firms that apply for devote funding in future. I shall get rich and thx for youe brilliant tip:-::::pmsl))