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Asimple
I will end this with a fact for you.
Currently EV's are depreciating at a rate never seen in the motor industry before. Porsche who have never been known to discount their vehicles are now offering 5K to drive away one of their EV's, they are also registering unsold brand new vehicles as second hand to attempt to boost the second hand market values.
Nobody wants a second hand EV. Why would you?
Dealers who have EV's in stock cannot get rid of them?
Normal dealers are now trying to do anything they can to make the public buy an EV. So if you go to a dealer for a brand new petrol or diesel vehicle they attempt to sell you an EV by using underhand tactics?
I could go on, but remember this. In say 5 years time watch out for the adverts, "were you miss sold an EV between these yesrs" if so claim now?
Good luck.
Mr T
Asimple
They're not Electric vehicles, they're battery vehicles!
Do you get your smartphone out and say, " hey look at my new electric phone"
If you want a cheap, good battery vehicle pop down to Smyths the toy store!!!
Medication, I leave all that alone! What are you on?
It must be good!!!!
Mr T
Asimple
Very rich Rodney!!!
There you go again with the laughs!!
Ah, so I see you are a Trader? I thought you were an investor? Make you're mind up dear boy.
I wouldn't worry about a TR1 if I were you, you will eventually be diluted well below that soon enough.
By the way. CLON currently do not have much cash, last raise was for 300k basically to satisfy the publishing of the latest interim figures!!! The previous raise 1.3M was all used re the latest deal with ChemX, therefore they will need cash soon. As I said the other day I hope the sp is at least double digits otherwise the confetti to be issued will be huge?
I still.believe the huge plus point here is either Ghana or Aus!!! Both of those will certainly increase the dp far more than this Lithium nonsense!
As you know I'm firmly against battery vehicles. They're not the future they're old tech and mostly not fit forbpurpose or affordable for most folk.
Asimple
I think the revenue argument is pointless?
You have heard that companies require a cash balance to trade from! Or need funding every so often to provide "working capital"
Both Clon and ChemX will need working capital from somewhere long before revenue appears? That I can guarantee.
I'm not a trader as such. I like to think I spot early opportunities and buy a substantial holding at the lows or near them, then I take profits as any sane person would do.
Let's say there is a spike on positive updates and the sp went on a run to say, 1p. Valuing Clon at circa 50M!
I guarantee after it hit a high, say 1p, it would drift, then there would be dilution from funding, the interest would wane and hey presto the sp would be back to say .30 _ .40!!
I've seen it multiple times especially on AIM!
Be careful of not being left Holding the baby" here so to speak!!!
Mr T
Asimple
Your missing the point. To grow you need cash!!! Lots of it, where would say 10M would come from at the minute?
I agree Clon can and does raise cash easily, albeit small amounts.
My view is that if this were to reach 1p most large holders would be long gone, why wouldn't you? You have made a good wedge and as the old saying goes, move on to leave a little for the next wave of investors!
I see the uplift the other day is now dripping back down. Another false dawn!!!
I have to say it is about time there was an update here now, this has been dragging on for months with no progress.
Mr T
Asimple
You're good at providing a good laugh I will give you that!!!
ChemX is growing exponentially!!!
Now I've got up from the floor rolling around laughing indeed in tears at one point, let us look at some reality!!!
ChemX was struggling to raise 2.5M dollars the last time I checked. The deadline initially for that raise was the end of September. We have seen or heard nothing relating to this? Someone posted that this had been extended? Which logically means its tough to raise these funds!!! Does ot not!!!!
Keep em coming though!! Beats TV at the minute!
Mr T
Asimple,
"Well, if they utilised this tech in the food industry, health and in the wider chemical industries not to mention desalinisation which is going to become more and more in the fore over the next few years this would be valued at much more than 1p."
The big problem is, these industries are not in the slightest interested in what Clon or NextChem do, if they need this tech they will almost certainly source it themselves or use a much larger group of companies involved in the tech. Lets face it if two piddly companies can make a success of this on a shoestring of a budget, just think how fast a major could get this up and running at the flick of a switch!!!
The question here is, is this tech any good! we do not know yet and its taking a hell of a while to see if it is!!! as it does with all small piddly companies who struggle to fund such tests and trials etc.
My reason for investing in Clon was the broad range of assets it holds, I'm more interested in as I say Ghana and Australia as both of those will provide me with what I want, a good uplift from here on my investment in a pretty quick timescale. Remember Aus, they raised 3.5M in a flash before the sp climbed all the way to .65p just over 18 months back on the back of the excitement with the Sassanoff, investement, which we still hold!!
Yes I knew about the Lithium play, but, as I say the same excitement surrounding this will not generate huge sp increases, I can guarantee that!
Good luck
Mr T
Agreed, FTSE 100 company!! Leave it out.
A few pence is more realistic and that may never happen as dilution along the way would see to that.
Ip is the very top target here, unless there were to be serious movement in Ghana or Aus!!!
For now and the foreseeable, oil and gas are King!!!
Mr T
Agreed, nice slow move northward before any substantial news hits.
Today we will see if yesterday was a blip or the start of such a move.
Currently we are valued a diddly squat!!!! which to be fair is an insult, albeit in line with many AIM tiddlers, the way of the current small cap market I'm afraid.
I would guess there are not many better opportunities at these current levels though, but we will soon find out!
Mr T
Correct, ignore the displayed spread here, false!!
We could get some news on the licence by the end of the month if not sooner, I expect to see some action once the 17th has passed presumably without any objections?
If we do indeed get granted the licence what are the likely benefits for the sp? Where do we see it going?
Personally, I don't think there will be much reaction which will follow the trend here. The only way I see a big uplift now for the sp is, either, good financing arrangements announced for Hope, Gorob, or Mankayan listing or us selling our stake for a substantial sum.
I'm fairly certain that any Mankayan news will be 2024? Based on what I know and hear.
We need to grab the interest of the market and PI's to ramp up the volume which is also key to a sustained rise in our sp.
Comments please!
Mr T
share,
your prediction was way off?
you will know when we are about to move, volume will kick in. for now volume is **** poor!!!!
this will only move up with:
a) news, if positive
b) volume
c) rumour
watch for uplift in the volume and then you will see the sp rise in anticipation of news incoming.
you may also see some old rampers appear!!!!
mr t
Lost soul
I seem to recall that they were aiming to raise the cash from the issuance of stock by 30 September 2023.
Now they may well have done and its not been reported but we will know later this month.
Mr T
Do we know how ChemX got on with their cash raise!
I believe they were looking to raise 2.5M dollars. The last I heard was, they had raised .5M.
I suspect we will know this month. It will be a vital sign if they raised the full amount.
Mr T
Dvh
You back in here?
I don't think we are fully funded. Most of the raise earlier in the year was used for the agreement with ChemX. The latter raise I suspect was done to appease the market before the interims were released!!
There won't be a problem in raising cash, they will need substantial amounts to move the lithium project forward, but, I don't really want to see this done below 0.8!!!
Be nice to see a move up here back into the teens sooner rather than later before substantial news drops.
It's not far away now!!!
Buy at these levels if you believe the story. I would also be kntrigued to hear some news on our other assets. Any significant news on those and the sp will fly!! Ghana! Australia!
Mr T