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Tro,

I'm always suspicious whn companies hand out new shares & state they are 'locked in' for 12 months and then the SP goes into a year long downtrend only to discover at the end of the 12 months the shares have somehow all been flipped onto the market.

Not saying that that's what has happened at clon.... but it's been non stop selling pressure for a while which eventually has to end once they are out.

Unfortunately it always exaggerates the SP movements when the volume isn't there to absorb the selling pressure.

Clon could really do with a solid update as I guess folk were hoping to have heard something by now?

It's been radio silence since the JV announcement back in March which is a long time to wait in a small cap with any kind of stock overhang.

History shows that when it does spike, it spikes up rapidly.

Have any of you guys got any 6p placing shares?

If so are you planning on selling them tranches tomorrow or hold through to next week?

I'd also be interested to know for those that have been allocated some whether all are freely tradable from the off across all platforms or whether some appear but can't be traded immediately, especially on some of the secondary platforms

The retail offer wasn't a massive amount of new shares in the grand scheme of things. Its 8,333,333 new shares which is less than a third of the volume traded today.

Could be some early games, could be none, especially if the volume is as strong as its been over the past couple of sessions.

Tro,

I do, but I'm not sure the floor is in there on either of them just yet.

Re He1

Another 30m+ day volume day.

37m volume yesterday

Another very decent volume day..

If this momentum follows through the brakes could be let off sooner than expected.

Since my post last Monday, So far so good.

Its been somewhat of a free hit from 0.16p up towards 0.2p placing price.

If it can break through to the others side of. 0.2p that would be very positive for the SP but need to be mindful that the placement holders sells could start to kick in depending on how sticky they are. It did appear to have been forward sold big-time so let's see.

Kev

New shares issued were:

> 105,000,000 for proceeds of £6.3 million cash

> 8,333,333 for proceeds of £0.5mil Retail Offer

> 750,000 in lieu of certain advisory fees

> Total new shares = 114,083,333

22mil volume traded today.

If daily volumes average around 20m in theory it should take 10 days to fully clear the overhang

It's now been 4 days since placing landed last Thursday, on Thursday 59 million was traded that day.

So it all depends on daily volumes now in the run up to spud. Brokers will know what has been flipped and what's left as an easy 5%+ has been available for the flippers and it has (so far) been worked through in an orderly market fashion.

Tro,

Yep and the same over on BMN today also.

Each time both tried to breakout the move rejected.

UFO still attempting to make a move and establish the floor at 0.16.

Problem for them all is when the volumes dry up and they are in a period of radio silence. The 5% and 10%ers quickly cut and run with profits banked and fly back to the relative safety of the sidelines, which just kills the momentum.

And so the pattern continues for now with the majority of junior miners.

He1 Volumes have been decent today.. just needs to clear that stock overhang to enable the price to move as freely as it did during the second week of July following the infamous rig RNS updates.

Well that was a fairly decent call predicting that nasty drop earlier at 314p

At one stage it lost over 100p or £1.14 to be precise ( wiping out -35% in value ) this afternoon.

Blue finish.

You are correct Kev.

It's a new IPO..

floated at a crazy valuation imo.

I think it topped out today at 314p

Expect if to tank from here..

Haha kev.

Has to be one of the most overvalued stocks on the markets right now..... and there are plenty of contenders for that crown.

Nothing I can see to underpin the present market cap?

Another RNS issued since I posted earlier.

Which is to confirm that they made an error in mis stating the price of the warrants in their last RNS.

That's a bad start and a early red flag imo.

Noticed that the chap from SYME is also involved.

RTOP

Looking 'Really Toppy' imo.

Highlights:

· Results received for 658 samples collected from second and third order stream catchments

· Numerous multi-element zonation patterns and anomaly hotspots are evident project-wide

· Porphyry, high-sulphidation epithermal and intrusive-related metal signatures and zonation patterns are identified for follow-up exploration programmes

· Drone magnetics survey complete and interpretation work in progress

· Permitting for proposed drilling at Abundante and Teresita is in progress

It might do Kev.

I like listening to this stuff as its an window into the world that your average PI just doesn't get to see or hear about.

I remember the presentation that TW did with DL and SS from UKOG many years ago following

'reprocessing of data'

I always find it amazing how much a resource can potentially multiply in size simply by "reprocessing of data' that suddenly unlocks billions in value (potential) that wasn't spotted first time around.. lol.

Yeah, TW has watched it and made mention of it over the weekend

Think he is probably feeling vindicated for publishing some leaked internal emails about SGZ's financial position a few months ago after today's news.

He is a pretty divisive figure in the UK.

Makes some good points about how the regulator has kept coming after him for stock promotion but cites how the US equivalents are hailed as winners even if they have dumped all their stock at the top of the market.

On a slightly connected point.

Corcel (CRCL) has had a nice run up since spudding last week.

I'm wondering if thet will do a raise ahead of results as the price has been walked up as the volume came in end of last week and fairly decent again today albeit looked like a lot more selling today.

Good YouTube video interview with David Lenigas by a fairly new Channel called G-Force Media posted up over the weekend.

About 90mins long but gives insights into raising money on AIm, dealing with brokers and regulators and present state of liquidity on AIM and present environment for fundraising at discounts on the UK market

Also plenty of detail around running companies in Africa and other frontier territories.

Some revealing disclosures about how the 'system' all works.

Plus, a section around selling the dream which I thought was interesting to hear.

Tro

I agree.. support has been coming in over the past few sessions.