Member Info for LRone

It appears the only way to get an update from Cloudbreak is to look for updates from the companies they partner with.

https://www.thenewswire.com/press-releases/1BjjFDoN2-g2-energy-provides-oil-and-gas-production-update-on-masten-unit-operations.html

I can only assume that the outgoing CEO buying shares at 2p a share was seen as a signal that he knows something we don't. I'm guessing here but the share price could well go up again today after the drop yesterday but we'll have to wait and see.

I'd like to believe that they are earning money now so only needed a small top up of working capital. But who knows this is all speculation and conjecture until we get an RNS or an interview or some news. We've certainly been in a bit of a void since the investor presentation.

What I do find positive is that with no news and a relative low volume of trades since 1st Jan the share price has gradually gone up by 8.5% so far.
I also notice that the spread has tightened up since yesterday so we could have another go at breaking the 1.28 resistance level again tomorrow.

I was looking at some technical analysis on MarketScreener and for what it's worth it says our short term resistance point is at 1.28 which is what we bounced of yesterday. So if we can get through that level and make it stick then we may continue up nicely 1.365 is our 100 day MA so let's what happens shall we.

That's exactly the statement I'd like to hear an update on.
When we get a better understanding of how close to cash flow positive CDL is then I'm sure investors can take a more positive stance.
I suspect this maybe on Oberon's agenda because it will be a key part of any forecast they publish.

If it continues upwards trend then I'm sure there will be some happier investors. I'm sure an update on the oil royalties and how much of our future funding requirements will be covered by these, would help the cause.

And at 2p per share, I know it's a low volume trade but it interesting for sure.

At these low volumes we seem to be just ticking along around 1.2p
I'm not sure what it would take to start seeing a gradual uptick in the share price as the latest bits of news haven't had much if any effect on share price.

Tha depends on your current average I guess.
I see more upside potential at these prices but that's my opinion and should be taken as such.

Suggesting it was a good move to stockpile the concentrate when they did.

Certainly the G2 project is, hence the royalty payments starting. I'd have to re-read the RNS's to remind me of any others.

Gave a good idea of Clodbreaks direction of travel, I particularly liked the segment where Kyler says they could be not just cash generative but profitable in Q1 '23.
Having said that the share price has dropped immediately afterwards, so it's got me wondering what has to happen for it to start rising again.

Interesting to hear more about what may be coming up on the exploration side of the business, in my mind this represent the long play element of Cloudbreak.
I'd love to hear more detail around the shift into energy royalties. We've been told so far that in the near term they hope it to be cash generative and there are several other projects lined up.
What's the main aim here for the business? are these royalty plays being developed to cover Cloudbreak Explorations ongoing capital requirements?
I'm not sure based on the current information where I should set my expectations, thoughts?

Not sure that you'll have to wait all that long to see a good return from these levels.
Assuming CDL are going to be generating positive cash flow in the near term as has been suggested then the share price should rise.
I'm not going to put a target figure as I don't know nearly enough information for that.

I like the sound of being cash flow positive in the near term.

Can't really comment as it would be pure speculation. Hopefully the oil royalties will be kicking in soon so they can generate some working capital without dilution.

I may be wrong but do they not have to also pay income tax and capital gains taxes on the purchase at the point they exercise there options?
So the true cost would be substantially higher than the 780k cost that's been referenced.

On the plus side we do know the production of green hydrogen requires the use of PGMs so at least it establishes demand in a BRICS country for commodity we extract. Anything more than that is conjecture.

Only time will tell if this is a good buy in price or not, fingers crossed it is for all those invested.