Member Info for MrTriumph

Avocet
I'm not saying you're not right, but usually the drop occurs at the end of the same day as the uplift!! Ie the Dump.
That clearly was not the case here!
In fact the sp kept rising into the close!!!
One other point I didn't see any of the usual suspects posting here today, who I would recognise instantly during a P & D!!!! Routine.
News was always flagged for September which is one reason I researched this around 2 weeks ago and bought some chunks at the lows, as I say let's see what next week brings.
I was in Clon a few years back but sold out as the progress was too slow, the case with many small AIM stocks.
Mr T

Question
Why say you are out and at the same time post"strong buy" with your comment!!!
Explain!!!
Mr T

I've been saying that this share is way too low for the assets it holds. Market value was barely 1M before today so this was prime for a good bounce.
The reason for the low sp was the recent duster well in Aus, interestingly though they raised 3.5M from Aus investors then the duster!!!!!
They also stated that further funds could be available at a premium that raise was at .25p!!!
So one has to question why local investors put up the cash for then to be met with the news of the duster!!!! I think the price did reach .50p but then dropped like a stone when the bad news hit!!!
Still I can't fathom why Aus investors stumped up the cash, but I believe there were other possible investments at play, which was flagged in one RNS and Clon also have other assets hence why the low sp was frankly silly.
It will be interesting to see where this heads next week and what news is forthcoming tellingly, the company did not issue the usual "we are not aware of any reason for the share price movement" today which indicated news is incoming!!!
In saying that as I stated the sp was at a silly low in any case, way way overdone!!! As is always the case with many small AIM stocks!
We await news next week!!!
Mr T

I dont think so!!

From Placing RNS
The net proceeds of the Placing will fund costs associated with the Company's existing assets and will also provide the Company with additional working capital, as the Company's board continues to assess new projects. In this regard, the Company has been evaluating a number of different projects across various jurisdictions, in particular advanced gas exploration prospects in Australia.

MrT

No,
Raised 3.5M in April 2022???

Mr T

Been some strong buying today and it will need to continue for the sp to hld the gains.
I said last week that this was far too low, so have been accumulating daily, look at the recent history, shot up to 0.50 i anticipation of Sasanof drilling in Aus, raised 3.5M in April at 0.25, then turned out the well in Aus was a duster but Clon still has plenty of other interesting assets.

Mr T

Mcadder
Absolutely nothing priced in!!
My feelings exactly any sniff of some good news and progress here snd this should double in a blink.
Fingers crossed for some updates this month.
I'm a buyer at these low levels.
Mr T

Prickly
40M AUD, that's s good start, my only concern is that the IPO will consist of only one asset!!!
Therefore this will have needed to be fully proved up as to the initial value at IPO. Unfortunately we are not privvy to the current situation as IDM are a private company, so are not compelled to update the market or us,as minority shareholders.
Be good if CB could update the market as to where Mankayan currently sits in the real scheme of things, we could then evaluate the current state of the asset as could Mr Market which would help our current low sp.
Do you think this is domething that CB nay do at some stage?
Any whiff of a value of what you infer or north of that would set the sp alight.
Prickly, once the IPO happens, what do you think we will do with this asset?
Mr T

Steelbee

"On BZT I think we're probably 6 to 12 months behind the curve on GLR so I'm expecting 2023 to be a good year for us here.
Good time to get a position and maybe do a bit of trading if that's your bag"

Good points and I think you may be correct here, therefore I expect big things over the coming months, just need the financing news or whiff of news relating Hope and confimation that the Namibian authorities have granted the licence. The granting of this may be dependant on us giving a timetable of our plans and when the mine will be functional, after all remember CB intimated it was them now chasing us for this to happen in quick time which if true is an excellent position for BZT to be in!! on multiple occasions it is the miner waiting around for governments or local authorities to be able to get anything done!! Bear that in mind.

Mr T

Morning all,
I note that GLR one of CB's other interest has had a good run lately and continues today. Hopes of producing next year!!! very similar to BZT, only we appear to be completely overlooked!!!
Talk on twitter of GLR being a 20 bagger!!!
We need some traction here, I said Q4 could be the catalyst, I'm still thinking along those lines so let's have a raft of news please CB, I would settle for a 20 bagger here lol,
Mr T

https://www.lse.co.uk/share-prices/

Top of something today!!
Mr T

Prickly,
All sounds very positive and as I say the fact that the authorities are pushing us can only be good from our perspective.

I expect we should hear pretty quickly regarding our licence application.

Still no interest from the market though, which is now needed.
Mr T

Mr T

Prickly
Very good summary and I note CB seems more upbeat than the last call with investors.
Also the main point that jumps out is the Namibian authorities are pushing for the project to get off the ground as soon as!!!
Usually in my experience this is the other way round entirely.
Looks like Q4 could be a belter well we have waited long enough let's go!!!
Thanks again Prickly, much appreciated.
Now Mr Market wake up.
Mr T

Morning,
Did anyone attend yesterday, anything to report ?
Mr T

PP
I see you like your horse racing as do I!!!
Gold cup, I can't remember who won that,now!!
Soon be the start of the new sticks season though
Mr T.

mcadder,
You make much sense although I don't know much about the recent history of Clon, was a holder many moons back.
I think this is way overdone here, m/cap barely £1M!!!!
They raised 3.5M back in April at .25p, so this current sp is a false low imo, could be worth a punt!
Apologies to holders sitting on large losses, been there, but this needs some interest from buyers imo.

Mr T

PP
Unfortunately although your analysis is correct, CB intimated recently that any IPO would be towards the year end as currently the current appetite for IPO's over in Aus is muted!!
Be aware though anything could happen at any time!!!
The focus here is currently on Hope Gorob and Cyprus as the intention is to have two functioning Copper mines in 2023!!
The current M/cap does not reflect the potential here and the sp is too low, but, as you can see there is no appetite for BZT shares, but, this could change in a flash.
I expect news to start flowing again in Q4 re both of these projects, licence application in at Hope, awaiting response to confirm acceptance from the Namibian authorities, see RNS, 8/08/22.
Mr T

DVH,

I will be more interested when they will take 20M off you at 0.49!!! lol, lers hope no one else needs funds to restore a classic car!! As Assword say's, this time next year you will be able to buy a new one!

Mr T

ZAK,
Good luck with the Porsche, restoring classic vehicles is an expensive hobby, so understand you need funds!

Mr T

Smiler,

Good luck with that prediction, I fewar you will need it.

Seems we have a small seller today influencing the price down 10%, as was said, if it had been the other way round, the sp would not have moved? funny old world.

Mr T