The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Welcome to the Hotel California Patshare. You can check out any time you like but you can never leave, if you are waiting on "the big one" that is. On a more serious note: you will notice that this share rises and falls over time for no reason. If you can learn the pattern, surf the waves and be patient, then you might just get your money back, like I did! From here you can expect the long silence from the BOD, unless of course one of the new partners forces them to say something. GL :)
I agree Sherabel,
Some sell out of fear and some just want the money working for them elsewhere while they wait; some and others will be back once the news starts to flow so I agree, its a time to be loading up...GL :)
"Buy when people are fearful and sell when people are being greedy":... Warren Buffett
According to Prominence:
EGM approved transaction January 2022
Completed transaction with Western Gas March 2022
Rig mobilisation commencing 16th May
Tow rig to site and anchor laying 7 days
Drilling and setting casing above target reservoir 7-10 days
Drilling through target reservoir and logging early June
GLA :)
The drill has left the port and it will take around 7 days to arrive and be secured. I would therefore, expect an RNS on or around next Monday telling us it has arrived and things are going as planned...that will generate much interest and probably give the SP a further leg up:)
the longer the better as the anticipation will build a bigger platform for the rocket if the news is good...GLA :)
Pauly, Gulable, I absolutely get what you are saying here and that has indeed been the past experience here. The same ramping style is also evident here, I can see that too. However, I do agree with one thing Phoebus is trying to convey; i.e. this is different! When Clon signed up for the Tano block in Ghana it was a brilliant deal for such a small company to get anywhere near having a plot in such a sweet spot. However, they would have learned from the fact that it had to yet be ratified through the quicksand of African politics. What Clon have ought into here seems to reflect the lessons of the past. This project doesn't need anything prior to the drill. I don't know how they did it but this is "potentially" and by potentially, that needs to be seen through the lens of a 32% chance of success. It could fail of course or other things could happen. But in terms of what Phoebus is saying about potential here, I agree with him on that. Bear in mind that the BOD awarded themselves shares and also deferred there payments till 2024. They have just as much interest in the SP rising as we do now. This may well be a retirement package for them....not financial advice and DYOR, it's all in potential and no guarantees on AIM GLA :)
As someone who has been here for a while, and done rather well out of the dips and rises, I was sceptical that this would do anything different on this occasion. My general strategy has been to buy below 0.3 and hold till the herd arrived, then sell around 0.7ish. However, I see that there could at least be some short volatility leading up to the drill with some tantalizing announcements being made along the way. I did a rare thing and broke with protocol in getting back in above 0.3 on this occasion, on top of what I didn't take out at 0.7 that is. Let's see where this goes :)
...stunned into silence??? What does peeps make of the RNS? :)
I certainly hope you guys are right and admittedly my thesis was based on past experience, i.e. it doesn't preclude the idea that this time could be different. I will add the caveat though, some LTH are only here because they FOMO'd in on earlier P&D's and can't sell till, they go into prophet or just break even :)
Seagulls following the chip :))
How it plays out: "Oh its going to the moon!! great opportunity, this will multibag! This is the one we have been waiting for, jump in while you can this will be double by the end of day, Sea of blue coming up, don't miss out!....... Then, after the price drops: the weak hands taking some profits, its consolodating before the big bounce, all the delayed buys will come in at once, here comes the herd, get in quick, these prices are a bargain, last chance at these prices..... then the price falls again: the market hasn't woken up to this yet, I can't beleive this hasn't multibagged, cheapest prices on AIM at the moment, this will soon go to the moon... price drop again and the chat gets quieter, then the LTH and the new peeps left holding the bag begin chatting again....rinse and repeat :)
...as you were! Back to waiting....buy the dip and sell the top :)
The BOD award themselves warrants a reward for deferring salaries? (Quotes from RNS = 435,683,300 Warrants have been issued to the above Directors.... For the avoidance of doubt, the deferred salaries, unless otherwise settled, will remain payable in cash after the end of 2024). A month or two later "various brokers" from Australia purchase 3.5m of newly issued shares. After Clon announces this, in the first RNS since Sept. 2021) the share price almost triples. The SP then drops back down to 0.45. The rest will unfold soon. This is not an attempt to suggest anything it simply reflects the facts and puts the background to the current situation into perspective :) Let's now wait and see what happens next :)
I would respectfully ask people to think before they post here. When people say things on here it makes a real impact on peoples' choices, choices which could seriously effect their lives and the lives of their families. If people FOMO into a share when it is oversold and then it drops, they end up stuck in the share for years and may never get their money back. In short, you can ruin peoples' lives by what you write here; please think before you post!! None of what I am hearing here is based on any real evidence, yet, people say it as though they "know it" rather than the fact they are, at best, guessing and wishful thinking. And at worse, trying to inflate the price for their own gain....so, please do think before posting and say its a guess when its a guess. Otherwise, produce the evidence your statements are based on, as any decent human being would do!!
I genuinely hope that works out for you Pauly :)
Tricky, I usually look at the amount the trade cost at the time it was bought/sold. If the price paid is higher than what the SP was at that time its usually a buy, as they charge more to buy and pay out less when you sell. To find out what the SP was at any given time just look on the left side of the chat boxes. It looks like those 5m are buys to me, as the price paid at the time they were traded is higher than what the SP was at that time :)
If you don't wish to share where you get your facts from Eagleyes (I thought that was what a forum like this was for mind you) then please at least share what the facts actually are? :)
If things go as assumed Eagleeyes?? As per my previous request to your post; do have anything I could look at that would help me understand why you think that, I mean anything at all besides a hunch? I would be glad to hear it.... :)
Raplyr, this may not get a bunch of "recommends" because I'm just saying it as it is, as opposed to what people want to hear. If this follows the usual pattern (and I hope that it doesn't) there will now be a long frustrating silence as the SP slowly drops down. If the silence goes on long enough it will drop to 0.3 or maybe even less. However, I will point out, the latest bout of buying came out of the blue and was very unusual. The key I guess lies in what it was that made this happen.... I have shared the historical top and bottom of this share in previous my post GLA :)
In a dip you need to account for those who leveraged long positions being liquidated! It only needs to drop a couple of % to catch the risk takers then it has a downward cascading effect :)