Member Info for NickRubens

Cheers Gulable and Pauly80,
My only frustration is not being psychic enough to sell on the 'high' of a short term spike and then buy back my shares on the 'low' of the subsequent dip ,and meanwhile risk being without stock when a substantial piece of news lands.

I once sold OMI on a spike at around 3.5p(after it was being trashed a pump/dump by BB posters) and it started coming down, I thought Great I'm an expert day trader, then it creeps up again, while I'm waiting to buy 'low' and all of a sudden it's around 20 - 30p and i'm still waiting to buy back in a couple of years later!
One has to decide what they are buying CLON for, either a day trade (then ramp away) or a news re rate and neither are guaranteed to happen.

Gulable, the block goes back to 2010 as best I can remember and then in 2014 (under a new government ?) something happened where some of that acreage was 'suspiciously' 'awarded' to another company, and Clon initiated legal action, of which it later retracted having claimed to have 'resolved' the issue (with the next new 'less dodgy'? government I think). Hence a spike on the chart around this time. 2017?2018? I can't remember, i gave up waiting and then covid came to delay everything.

I think you are correct that Clon have been dealing with or in conjunction the state owned company (who should know what the $£$$ they are doing), and State owned in Africa means top government hands are involved IMO.

I haven't got enough invested here to be giving a full dissertation! It's all a bit brief and might need some additional tweaking from anyone who is more learned on the history.

The Tano block is likely a hot spot for oil as Tullow have been successful close by ( so things can happen in Ghana). IMO, I think others have perhaps been scheming in trying to get it off CLON ( hence the 2014 incident) because it's likely a Black Gold Mine, but struggling to do it slippery, hence legal action from ClON seemed to fend it off.

Investing here depends on what one thinks the eventual outcome will be, either ratification or complete loss of the block and notified of such and/or whether that can be done legally.

Of course some think Lithium is a good play here too.

"What government would award a contract to a company that’s never won anything in their entire history."
"What government would ever consider a company which has no business, no assets, no experience and no revenue."

A Ghanaian government. They gave the license in the first place with 10% held by the Ghanaian National Petroleum Company (GNPC).

It's dragging on a decade, I know.

"Gulable once again has been proved correct despite the attacks on him."

Correct on what? Day trade movements/volatility? We have another 18 months money to pursue the two projects. I'm still here. I still think the Tano Block can be ratified, just don't know what the Ghanaian s exactly want to allow that? It is unusual that it's been so long. I was on the edge of my seat two years ago waiting for the RNS! lol

Can't they pass on the costs of coal in electricity prices? When gas prices rise, my electricity and gas bills rise too.

I understand Gulable's frustration here, but his very assertive style negative comments can equally put investors off, as much as the bulls can perhaps influence them to buy.
If the Tano block gets ratified and the SP does 500% and more, Gulable will be cursed by anyone he potentially dissuades and will have to change account names for credibility issues.
Anyone investing needs to look at the prospects and weigh up risk/reward. Remember CLON have done work on that Tano Block, had to see through a change of government who were hostile to them and now back in talks with the original Government, then Covid gave us a delay. There is a chance here and 18 months of cash gives us some time again.
Of course nothing could be the end result. Welcome to the stock market.

"I just don’t want to see them suck in more genuine people who believe this to be a long term investment which will go towards securing their future."

I'm pretty sure the investors here knows this is just a punt on pulling off the Tano block deal and from a couple of years ago introduced some Lithium exposure in Bolivia. This not a FTSE 100 stock paying a dividend, though even they can come to nothing much long term.

A bit of good news could land anytime. They are cashed up for 18 months now. Lithium is hot stuff if we get some news there and the big prize Tano Block is still being pursued for ratification.

Almost forgot, an explorer turned producer ! Had these so long tucked away in the bottom drawer that I missed all the news and progress since back then.

xd 8th July of the special dividend followed by 30% of free cash flow for the subsequent, presumably regular dividends annually.
An oil explorer paying dividends is so rare.

If sales are forecast at 80,000 tonnes (from 54000 tonnes) then the headline gross sales will be materially much higher this financial year. Aside form that I don't know what to think except there seems to be a lot of costs. Perhaps some of these costs won't be repeated this financial year.

The mkt always look forward so It's going in the right direction. Not sure I would want to predict when the company proposes delivering cash/dividends to shareholders.

Might we get the dividend comeback with the 2021 results? I'm sure I read expectation of dividends resuming in an update somewhere.

Cheers Pokerchips, just took a look at both as you suggested and I do feel more up to date on things now. I note also that recently IMM invested in a stake in a separate pharma company.

I don't want to comment on what I think about buying into another company's stock (maybe someone can see a prize winning strategy for it), though I've been a bear ( as in not too impressed at the product) on this company from way back from the first phase 3 trials of Lupuzor.
Not sure if I can get optimistic still now, though I do hope it turns out good for current stock owners, even though I might just miss out on a success story. One I watch with interest though.

Cheers Mike, I'm very interested to see what the upcoming trials show this time round. I trust many are optimistic here and do wish them the best of luck here, though the trials outcome will be key to success here.

I remember some time ago when this Lupuzor trials showed it wasn't too much better than the placebo and the market was disappointed, thought the company was hailing it as a success and has since pursued it, got another pharma interested to participate and raised some money too.
Can anyone briefly summarize what has happened since then, have they tweaked it, improved it etc? Have there been any further improvements in any trials?
cheers NR

According to last update, the placing gives CLON 18 months of funding to progress the various projects we are all too familiar with (Tano Block being the main one) . At least we are not going insolvent anytime soon.

Yanis This mornings flurry of buys shows how many are on the side awaiting 'seller cleared.

Are there any profit forecasts as this is sounding like a good recovery scenario. Can we get back to around 30p EPS for 2021? cheers NR

Well the Tano block has been dragging on a long while, but a change of regime for a few years seemingly played it's part in the delay. What I don't understand is why is it still dragging on (yes the covid delay I know)? Who knows, we could be surprised yet so every investor has to evaluate for oneself.

Thanks Yanis, you're research here sounds fine to me. I guess the future of CLON and it's market value mostly depends on it progressing the Tano Block (ie ratification), which I thought was imminent two years ago and progress on the lithium project which is very recent. so will require alot of time and funding I presume.

What I fear most is the Tano block being written off with a resolute non ratification clarification which would be disastrous as the mkt value still has some hope in it.