Huge upside here12 Jun 2024 01:47
Just 4 days ago many were shouting that it was all over here with what turned out to be an "administrative issue" over the way the lawyers looked at the credit rating of companies involved in the current process.
The interview yesterday was excellent by DH. We are now talking about the EU and the Bolivians wanting to hurry things up with billions of pounds soon to be invested into the race to develop the world's largest reserves of lithium.
Clon are right in the thick of the process with their JV partner proving up the technology and getting ready for samples to be shipped this month to the pilot plant currently being assembled.
Now we know they have proceeded straight to phase 4, things will happen very quickly and a news rich period is upon us. Finally, after years of perseverance by Clon working with the Bolivian authorities, delays, raises, more delays and headaches, it is now time for Clon to shine.
Prior to confirmation that Clon had indeed proceeded to phase 4, this was lingering around 0.035 - 0.04.
If the unfortunate circumstances that led to last Thurs had not happened, then the news of Clon proceeding to the next level would have probably taken us to 0.10p for starters.
This is now back to 0.032 or just 2M MCap. It has imo a long way back up to go .
I'm currently sitting on 40M shares, and will be looking to add another 10M tomorrow at some point. The great thing about the situation that Clon are in is that they have a pretty good cash balance. With the current ongoing dialogue with the EU there is also no shortage of cash willing to be invested into the infrastructure side of things to get this commercialised and into full scale production, removing the need for dilutive raises.
GLA