RE: Clon16 Feb 2023 09:17
"The pilot plant testing and extraction will begin during March 2023, including both preliminary testing, as well as pilot plant operations, with results expected by May 2023"
Looking dirt cheap imo, the above extracted from yesterday's RNS, this looks like at long last we may see some serious action here, long overdue, but at least we now know what some of the recent raise was in respect of.
I suspect that if Clon are to participate in any further activity in respect of Sasanof in Aus with Western Gas a further raise may be needed for that. From what I know that could happen anytime soon, certainly within the next 3 months, therefore the BOD will want the sp much higher than this to avoid overdiluting the shares, last time they raised £3.5M at if I remember, 0.25p, so expect some serious action into March here if my hunch is correct.
The MV is still way too small, currently valued as a shell imo, when you look at the assets and potential here, that is plain daft, but as I and LTH know this company has done diddly squat for many a year, but, it now looks as if that could change, fingers crossed.
Mr T