Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
jscapper hi thanks for posting that, I was about to do the same - it's well worth a listen.
Did you hear the reference to a settlement at Maibwe? Interesting! (should be RNS'd though I'd have thought?).
DVH yes, a leftfield surprise! Zimbabwe is one of Teeling's old stomping grounds, he knows the place very well.
This could be very interesting indeed.
Hi Oilmanmike - hope all well - been here quite a long time actually, just don't post much any more (this morning's playground antics being example of reason!).
I think you are spot on ref JV with YLB for smaller salares. I've looked at, and discussed this quite a lot with folk far more sector-savvy than myself. I'm told it would make total sense and is very much what I'm now expecting - hopefully soon!
To clarify an inaccuracy in your bizarre rant (given that you presumably aren't a shareholder that is...) the 'delay' you refer to in Bolivia has nothing to do with Clon's activities. If you're going to de-ramp in an attempt to buy cheaper please at least get your facts right!
Need to be careful with that news with reference to Clon. This article and news refers to the pilot plant testing of service providers offering Direct Lithium Extraction technologies.
Clontarf was apparently offered to participate but declined on the basis they are explorers/developers, not service providers.
Also, Clon’s interest is not in these 3 salares on which the testing is underway, it’s elsewhere.
So it isn’t directly relevant, but does illustrate the looseness of timescales in this jurisdiction!
Rebel: Exactly that. Plus all the other stuff. 'We are where we are' which is licking wounds after a failed gamble and plenty of moaning all around us about the board and the dilution caused. But on balance as a long-standing shareholder I knew what I was letting myself in for from the start and I'd rather they'd thrown that dice than not, and 'where we are' is a £3m company with, yes, a lot more shares in issue, but still with resources and a couple of interesting projects bubbling away and a Board, despite the widespread moaning about them, which has shown itself not scared of standing up and trying to make things actually happen. I'm happy to wait and see what they do next. I have no particular axe to grind by the way, neither a ramper nor a de-ramper, just a realistic shareholder. It does look cheap now though doesn't it!
Hawkes, Risenshine, I too have been here a while and ‘never went away’. I rarely comment on these boards any more, but have thoroughly enjoyed the journey of the past few weeks. Disappointed with recent result of course, but at least we had a good go at something! Crappy little £2m CLON has a pop at a £100m+ gas field? Bring it on!
Just think if it had worked…
Anyway it didn’t, this time. But it isn’t as if it’s left us bereft of resource. Still a £2m shell co with plenty of things to do, unlike some of the empty cash shells with higher-rated valuations we could name.
Onwards and upwards and all that!
Looks ok to me - good business space/sector (presumably strong growth potential), profitable, cash+shares structure etc. A good start for NZI!
Be interesting to see what the terms of the deal are.
Although I think Ghaghoo’s real potential is largely misunderstood by the market, BOD’s share was always going to be marginal, and moreover a project which could easily distract limited management resources away from the real company-changers in the portfolio. It’d be nice to have it but not exactly the end of the world for BOD. Onwards and upwards in my view.
Agree - great news.
Also, just to chuck an idea into the ring, re potential funding, the ability of the 162 guys (main shareholders here) to raise £3.5m into CLON (Mcap under £2m at the time) last week to fund a deal bodes well for the capacity to fund a meaningful percentage (at the very least) of Thorny River project in-house.
Likewise, thanks for the introduction. I too am one of the diehard few here as a ‘fairly long termer’ - though not quite as long as you by the sounds of things! May I ask if your interest/holding stems from your own commercial experience/background or is it purely investment?
An interesting research piece from Mckinseys published yesterday about how new sources of lithium supply and technologies will help supply match demand - with South America continuing as a major supplier matching the growth rates of the rest of the World (accounting for circa 30% of the total) helped by the introduction of newly-mapped resources in Bolivia. Makes for enlightening reading.
https://www.mckinsey.com/industries/metals-and-mining/our-insights/lithium-mining-how-new-production-technologies-could-fuel-the-global-ev-revolution
It looks like DH's trip may well be to some purpose; things look at last to be starting to move in the right direction in Bolivia: last week the Bolivian and Argentinian presidents met to sign a 'Joint Declaration for technical cooperation and co-ordination on the development of their respective Lithium projects' (and also covered guarantees for gas exports from Bolivia to Argentina). The agreement 'prioritises the exchange of scientific and technological knowledge, the training of human resources and the promotion of technologies for sustainable extraction of lithium'. A technical meeting has been convened in Argentina between Bolivian Lithium Deposits (YLB) and YPF Technologies (Y-TEC) in May.
Not sure if I'm allowed to post this link (so hope this post doesn't get 'lost', but it's a (badly!) translated article from the local press (sadly behind a pay wall but you get the gist I think!).
https://www.bnamericas.com/en/news/bolivia-and-argentina-sign-a-joint-declaration-that-guarantees-gas-exports-and-technical-cooperation-on-lithium
Well worth a listen. The rest of this year looks set to be truly company-changing. Just needs the market to wake up to this. No rush though!
Angel444 I think you are correct re timeline for mine plan and drilling for TR. However I gather that they are hopeful that they can get away with core drill and microdiamond sample which would be much quicker and a hell of a lot cheaper than bulk sampling. I also understand they have sufficient cash to cover it either way.
Timaog - agree re Maibwe. I don’t know if many people have looked at it but previous drill results were amazing, and it’s quietly believed to be likely to be massive and to have 36% of it could be company-changing. That said there will be work to be done to prove it, so it remains a wild card for now. It’s Thorny River which excites me (and maybe Ghaghoo) short term. (Plus all the other stuff medium term lol). The myopic market just hasn’t spotted it yet!
Got to agree with Castaway and Eagle. I’m aware there are some embittered LTHs (and sympathise) however the old stockmarket adage of ‘we are where we are’ applies here too. The fact is that as we stand today CLON (as I see it , anyway) is effectively a shellco, valued by the market at less than many shellcos, with none of the historical legacy ‘baggage’, overheads or indebtedness that many shellcos carry. It also has some cash iin the bank so shouldn’t need much more unless for a specific purpose. It also has a few interesting projects, especially two of which if either came good have the potential to send it into the stratosphere. All shares carry risk of course but having weighed it all up I too have therefore built a decent holding. That said, I too would also like to see some action before tooooo long be it from Bolivia, Africa or perhaps an RTO of some sort. GLA!
Nice RNS.
I can hear several jigsaw pieces dropping into place all at once!
Tex that's a very good balanced post with several very relevant points, thank you. I too have been invested here a while, and have added lately, but not as long as some others who are showing paper losses and I have sympathy with them (been there myself with many other shares over the years).
But it's where we stand now that matters, and there's plenty to keep an eye on here.
Agree re likelihood of lithium news. There has been news + heavy hints from both Bolivian government and press sources in recent weeks/months plus from the company itself (and then there’s those warrants…). Yet even if viewed as a bare shellco it’s clearly seriously undervalued, but it has Bolivia and Ghana on top either of which could result in a multibag. I am mindful that it’s not without risks and that some lth’s are seriously under water here, but ‘we are where we are’ and a Market cap of sub-£2m is madness in my view.