Member Info for originalharrystamper

Who also nearly clicked on Clinigen Group’s RNS (CLIN) this morning when scrolling down the list?!! ha!

None of us really know where this could go on ratification news - this is AIM! I could be totally wrong but we’ll know when we know......but one thing I do know is that I won’t be here to see 10p, I’ll have sold long before that!! No way I’d see 10p when it would have to pass through 3,4,5 and onwards without me pressing the sell button! Ha! I don’t even think I’d let free shares run that long!

Not a chance in hell this will go to 10p on ratification! You’re talking a 2000% increase on current SP. Ratification of the PA is what is needed to move is on to the next phases - all of which will need us to secure a partner(s) and funding - funding by means of a share placement - which would be no where near 10p a share for a placement - all in my opinion of course! And I’m invested here sub 0.4p so this not a deramp, lets just be realistic! That kind of talk draws in the likes of Sam12345 (no offence Sam) and people get burnt. Let’s stick with getting over 1p in the near term as interest grows here and then the obvious spike of 2+ minimum if/when ratification news is reported

Acreage, not average

Great video link Bridges. Actually goes into more detail than the actual RNSs! Especially about how CLON lost some of its original average

I sold 244728 at 10:10 this morning @1.20 so the 10m trade was most likely a sell..... or a very well negotiated buy

I should have added - be prepared for fluctuations in current SP though - it may well go South so MMs can get shares prior to positive news or it may go South because they have got wind of negative news. I believe the current SP is a true valuation of where we are at present; I am prepared to see a fall of around at least 50% if ratification is denied but consequently, if ratification is achieved, this’ll spike way higher than the actual true value it’ll settle at afterwards so being in now is well worth that gamble for me

Sam, we seem to be in a couple of the same shares. I’ll message you on here rather than TOM as my post would no doubt be lost on that BB. If there’s one thing to take away from any piece of advice you could ever be given it’s this; only hindsight will tell you whether you made the right or wrong choice. In the case of TOM, I think you know you made rash decisions but only because of hindsight. If it had dropped after you sold yesterday you would have been happy with your call and profit. It is greed that makes us hold for potential bigger gains when the sensible thing to do is walk away with profit. Any profit made is a good investment made. I have been very lucky over the last couple of weeks - simply with perfectly timed buys and sells of QFI and TOM, both netting very nice profits. But even after selling I to wondered if I had sold too early and then thought, ‘what if I had held and got more’ - hindsight told me I made the right decision. I bought back into QFI a couple of days ago thinking it was ready for another rose then sold the following day for £80 loss after I re-evaluated and chose TOM instead - a very good decision but one that I made profit on only because of the way the SP was pushed up yesterday and today. I sold at 1.20 and like I said earlier, I immediately wondered if I had sold too soon. Then I told myself that I’d doubled my investment and to stop being a fool! Profit is profit. And very good profit is great. I could have sold at any point up to 1.20 and been happy with decent profit but I wanted more and was lucky - again, only hindsight tells me this. What I’m trying to say Sam is that you should treat investing like gambling - only invest what you are prepared to lose, cashout with profit if you can not most importantly, don’t chase your losses. CLON is now my positioned gamble. The money I’ve made in QFI and TOM allows this to be a very derisked investment but it’s still a gamble as my overall profit goes down if this goes down. I have the luxury of being able to cash out if I want to but only hindsight would tell me of that was the right decision. This investment to me is all about Ghana ratification of Tano. A pure gamble. If we get it; BOOM!, if we don’t, your current investment would drop significantly. For that reason - either stay the distance for positive news and an absolute multibag payout or sell on a decent rise that may be brought about with no material substance - like TOM today.

I’m dubious but as that kind of info isn’t really price sensitive (they’ve already said meetings will reconvene once they are able to) then I wouldn’t expect an RNS to back it up. I would however expect one once a meeting had taken place

Whoever bought at 2.50 was a bit hasty! Ouch! What news are you expecting smoggy in the near term? Valkor in Utah or the Morocco Trial? Either of them being a positive news statement will be a significant boost to the current SP but with Morocco only opening its borders next week to its own citizens, I cant see news from that front anytime soon - so with that in mind, I think the short term investors will get bored and move on to other shares. That's probably also a good reason QFI are actually on SETS as it'll deter the day traders from creating a false rise.

https://www.mondaq.com/energy-and-natural-resources/747428/how-to-obtain-petroleum-exploration-and-production-license-in-ghana

It did rise; from 1.2 to over 3p in a matter of days! (this time round). Some people will have made some very nice profit, some will have taken longer term positions and some will have been caught in the spike and now sitting on a loss. That’s how it the cycle works. Timing is key. ‘Supported’ rises are what is needed here and that’ll come (in spades) if the burner trial is successful In Morocco. I think we’ll hover here with a fairly tight spread until we hear from there. Anyone else think the same or differently?

Why does it matter whether it’s SETS or not? Anyone who’s invested here knows the true SP bid and ask. If anyone is deterred from investing from seeing the SP on a bulletin board then they probably shouldn’t be investing in the first place. It didn’t put me off from buying back in at 1.95 when the BB said 2.5

What have I missed then? I see a false spread on here but very tight for live dummy trades? 1.895/1.938

Couple of 1m sells gone through today and now bid has dropped so could expect some more but ASK remains at 0.495

I’ve been looking through the CLON Interim and Annual reports over the weekend, along with the investor presentations to get a better understanding of Ghana and what we are actually awaiting. Here’s what I’ve sumised but please add more detail or correct if I’m wrong:

We had a signed PA for 2A (onshore/offshore block)
We know that our original Tano Block 2A lost a fair percentage of acreage to CAMEC
We accepted adjusted co-ordinates for 2A (mainly offshore now) and reapplied for it with a revised PA
ERIN (old CAMEC) filed for bankruptcy so we ‘could’ get our original average back

So, I have 2 thoughts/questions (further down) from what I’ve read and either one I think adds some serious further prospect here:

1. We are awaiting ratification of the PA for the adjusted Tano 2A
2. We could have even more 2A acreage (our original area back)
3. This is the bit that I’m unsure of (from the Interim 2019 report): “Clontarf, and its partners, have also discussed with the authorities the possibility of working along with GNPC regarding the current 'Block 1' (subject to parliamentary ratification)”. - Q1. Are we also awaiting ratification of a second PA for Block 1 which was reserved for the GNPC? If so, that’s another fantastic opportunity and prospect we have here!......
.....OR.......
4. This bit was from the latest annual report: “During productive discussions in December 2019 on the early resolution of all outstanding issues, Clontarf’s project company Pan Andean Resources (Ghana) Ltd. requested to finalize and implement the negotiated Petroleum Agreement on Tano 2A Block, with adjusted coordinates, in accordance with Section 10(9) of the Petroleum Exploration & Production Act 919, 2016. It seems that the most practical way forward is to assume the available acreage laid out in the coordinates labelled ‘Block 1’ in “Exhibit 1” included above, provided by the Ministry of Energy.“

Q2. Does this statement mean that the adjusted coordinates have taken some of Block 1 (GNPCs block)? If so, does this suggest that CLONs Tano 2A block that we are awaiting ratification on is now a collective of Ghana’s own National Petroleum Corporation’s block 1?!! That’s not a bad partner to be working with!

https://africaoilgasreport.com/2019/12/farm-in-farm-out/aker-energy-has-captured-ghanas-regulatory-apparatus/

There we go

0.49/0.54 so I'm expecting blue shortly and another tick up

Lovely