Member Info for NickRubens

How was the last raise done at 1.5p, was it forward placed in the market or did some investors take them up ( was at a discount at the time)?

We all know the company will need to raise again, but can we be sure they will raise post news ( or post great news as expected by the bulls) or could there be one being worked as we speak? (ie forward placing).

Can mean anything from just a few quid upwards, though it is a milestone at least and will be most certainly be accompanied by more fund raises, though one presumes the market will be very willing as 'revenue' would mean it has something tangible and being accepted (ie customers wanting and paying for it).

After a couple of decades of 'investing' (or punting on CEO hot air) what Bosses say and what happens generally never transpire. So keep looking here for a punt and enjoy the bears taking on the bulls and hope the bulls win out.

Is it the warrant redeemers? (Still 10% uplift available from 1.8p though needs buyer volumes to soak them up or it may fall further. I've been waiting on imminent news for PET for well over a decade. Same with CLON.

Just a week away from Interims and volume very low or nil. Fingers crossed xmas will have been ok in the end.

The last 'hurrah', reminds of the Tories recent NI cut as the UK national debt has reaches £2.6 trillion with a near £900 billion funny money (QE) already wreaking havoc on price rises. I think BofE have drawn back some of that QE (£100 billion?) and at a loss, so that's been added the debt pile.

What happens if a gilt market sell off kicks in? More QE, more price rises and supposedly interest rate rises.

Lots of last hurrahs on the way and if I continue buying/owning company lifestyle UK shares it could be my own last hurrah of having any net worth at all.

I thought it was a bit early yesterday to be bothered about extending a maturity date for the bond from 15th Dec 2024 to another two years away at 15th Dec 2026. Why be arranging that now?

The market was expecting progress on winning orders.

Despite the above being a good thing anyway, but just the timing and necessity to do that is causing a slight concern it would seem. Either there are orders made ( of which I hope)or some word salad will ensue. Good luck to holders here.

Still wondering what to do here myself, not owning any at the moment though having been a holder a few times and in some crazy paper loss times too.

"Nick- no placing until revenue, Nice try "

Suthy, I'm not trying anything, that was the meat I was referring to, to make one successful or even perhaps possible, but I understand that revenue is only a belief or expectation and how much are we talking about?

I always suffer FOMO, that's why I lose money alot of the time, or make some sometimes.

If a deal is announced and it's 'meaningful' then yes I'll never get back in unless I pay a much bigger mkt cap.

Setting in. I'll have to admit I'm out at moment having once been down 90% at around .2p, if I remember correctly and then an extraordinary run happened to get me out at around 1.7p, though it shot much higher.

I'm still considering a quick punt as this either going to fly or die, surely it can't keep going for too much longer now, without something tangible and with clarity with some prospect to make profits?

How long before a dreaded placing might be due? though I would have thought some meat was offered just prior to one.

Fleccy "I knock Bitcoin because I don't see any intrinsic value in it, or purpose to it,"

I know what you mean but look at , designer shoes/clothes just regular rags etc, I don't see any value in them myself and yet people go nuts paying for them and there is even a second hand market with rising prices for classic shoe/sneaker models etc.

Perhaps we're missing what the value is? Brand, Reputation as a money store against QE/inflation etc I don't know, it's nuts but it's reality.

I would possibly have as much faith in Bitcoin as I would in UK government Gilts for getting my money back as I can't see the uk ever repaying it's sovereign debt so when the gilts market cracks in fear of default, then the QE will repurchase them and we've seen what the QE covid print did to price rises, there is up to 3 times more on it's way potentially.

Awl "I am now sitting almost at a 50% loss."

Pretty regular occurrence for me and that's not solely down to my incompetence, but rather the reality of small company ( and general ) investing in company shares. it's the 100% downs that have been an eye opener over the years.

Mysticme "This chat forum is more like a battle field rather than a discussion board. "

Tension setting in with a weakening SP. I'm out at the moment so feel a little tension that I may miss a bullish RNS, but in my experience those are rare, but I await with interest and if 'fear of missing out' gets a grip on me, i'll buy a few if I'm not too late. How on earth did I ever get involved with 'shares'? I could have had a stress free life.

In these 'nervous' times of an economy in tatters and a country with record debt and record tax levels with no prospect of a decent government but just a choice between incompetent fools at best, and a poorer future ahead for the ordinary working person, it's good to know results will be on target. Had it said there was a delay due to accounting issues, then I would have gulped!

Intothedeep

"MM's doing amazingly well at holding this down considering the buys ahead of sells today. "

Yes, but is it possible a delayed trade (sell) is being worked? Maybe someone has a large block to sell in one go and maybe the buys have achieved that, hence the little tick up.

"Although my ROI has been a little higher than your £1ph"

Well done, I think in my case I always held too much cash so didn't back my hunches/winners enough.

Sometimes too much caution is a liability in itself, but I'm having some fun at least and there is always an opportunity for me to still dream bigger and able to fund it.

My biggest lesson is those with 'inside info' are the only clear certain winners and the organised influental 'rampers-tipsters' have the edge too.

PET SP rise seems to be holding up while CLON struggles so can only think of potential IRAQ oil field news. Having said that I'm out of both at the moment as the track record of them actually doing anything meaningful but endless placings, speaks for itself.

I only ever purchase these shares accompanied with a prayer for a spike to sell into.

Having said that, who knows if any of these will one day become something valuable and able to finally create some kind of tangible business worthy of growing mkt cap?

Full time trading for me the last few years has perhaps paid me around £1 an hour wage rate and even that could be considered good compared with some investors losing money and walking off. The stock market listed PLC's in general tend to take our money away rather than bring us a return.

Should hear soon how the 'busy' trading period went. Interim's in January 2024. The stock price has always moved up very strongly in this xmas/new year period in the last few years, though later slipped away once again and we are where we are once again.

"and at 80% down " You are doing well for AIm (though main market listings can be just as bad) as many 'shares' investors including myself are down 99% to 100%.I also have loads of delisted garbage and numerous administrations.

AS far as CLON is concerned, I thought ratification in Ghana for the Tano block was imminent over a decade ago. Looking here at a quick trade opp, but can just as easily get caught out on the next forward placing.

I think sister company Petrel is up a bit on possible Iraq news, though even that seems hard to believe but the market seems to move on imagination.

Yes I have a big clue. If everything else you hold is in the toilet ( as it is for most investors, myself included) then whatever LDG or it's advisors buys/holds is likely to suffer the same fate IMO or at least the market is agreeing with me up until now.

Why would LDG and or it's portfolio advisors have any magical skills above and beyond ourselves of achieving anything in the stock market?

If the NAV is higher than the market cap (I've not even bothered to check), then the market is simply stating what it thinks will happen to NAV over the longer term. Or am I missing something? Am I clearly wrong? Cheers NR.

I used to own shares here and 'luckily' decided that trading stock was likely better than long term holding. I just wish I took that attitude on everything I ever owned as I have a full drawer of 99% plus losses. How on earth this country continues to attract investment is a mystery to me. It's no surprise now looking back over two to three decades that the clever investors bought houses instead of Uk plc liabilities.

"Subject to technical verification of its exploration projects, and permitting, Clontarf is confident of securing adequate funding, whether in London or Australia, for near to medium term ongoing activities."

Do they mean from external sources, maybe like a Farm In process or similar and not shareholder placings?

"Included in current liabilities is an amount of £1,450,565 (2022: £1,525,565) owed in respect of Directors' remuneration due at the balance sheet date. The Directors have confirmed that they will not seek settlement of these amounts in cash until after the end of 2024."

So what happens in just over a years time?