RE: CLCO30 Jun 2020 19:22
I think 2p, although sounding beautiful at 500% gains from here, is unrealistic if news, hypothetically, broke this week - as we know what happens when herds arrive and it becomes a day trade share. Here is my logic for this reasoning: As this touched 1.4 beginning of December when those traders thought the insolvency bill was the ratification being signed and then we nearly touched a penny end of March/April when they released news regarding the high level talks, I think we could well be in the region of 1p prior to any news as people start taking the positions we are already in, in anticipation of ratification in the coming weeks/months. 2p then would only be a 100% gain which is very realistic for an AIM share so I would say 2p is a minimum on ratification in this scenario. With regard to JVs and farm ins like Bridges said, I would like to think/assume that any interested party/potential partners have probably already made themselves known to CLON in the event of them gaining ratification.