Member Info for Risendshine

For what it's worth, I think your gamble is low risk Netherwood. If this is not the bottom then it is near as damn it. The upside is huge though. I have been surfing this share for a long time now and I have my finger on the pulse. The least hint of news pushes this share up quite significantly so if and when there actually is news, it will definitely spike. For me, the trick is, getting out and in at the right moments.... not financial advice everyone, just my own perspective :) DYOR

Hi everyone,
I do enjoy reading peoples' posts on here when they are about investing related issues, after all, that's why we are all here; isn't it? :)

This was the announcement made regarding the (recently failed) drill exploration which Clon got on board with. It was bad luck this time but they will be back, no doubt :)
https://www.youtube.com/watch?v=CUyihbF1D-g

Anyone who is interested in the Co. Clon joined up with recently, you can read their annual reports here:
https://www.annualreports.com/Company/prominence-energy-nl
It might also be worth keeping an eye on what they are doing as Clon have a 10% stake now going forward :)

Your right Chitta, I stand corrected. Amazing how one can evolve an idea in ones mind but. I should have looked back at the original words.... thanks :)

The fact that Clon were in a legal dispute over the Tano block, which had been awarded to Clon under a previous administration, and that dispute was later settled out of court to "Clons satisfaction", and Clon announced that the award had then been passed to parliament for ratification, suggests that it was Ghana holding things up. I presume this was due to the slow decision making referred to in the article tank posted. Clon recently said that they had "taken their foot off the gas" in the pursuit of the claim, due to their pursuit of other interests. Once this news reaches the Clon BOD I am sure they will return their focus to increasing the pressure to have this claim brought to fruition.... all in my own opinion of course so DYOR everyone :)

I've not posted for a while as didn't have saved passwords on my new laptop....anyway, I just had to get back on to respond to tank247's post link. Anyone who has been here in the longer term and is familiar with the shenanigans over the ratification (or lack of it) of the Tano block, will know how significant this post is...thank you tank. I would say that we can expect some news from Clon on this fairly soon as it is potentially very significant.... please DYOR and this is not financial advice but I can say for sure that this being raised at the Ghanaian parliament will be music to Clon's ears I'm sure :)

Hey Troajan, thanks for posting that Clon podcast. I'm wondering why peeps didn't comment on that as it explains why Horgan took his foot off the gas (no pun intended) in Ghana as well as what's happening on the Bolivia play. The podcast also shows that there is still very much an ongoing possibility of drilling success deeper down in the Australian play.......thanks again Troajan and I recommend people take the time to scroll down Troajans link post, which ive pasted in again here: GLA :)
https://www.share-talk.com/share-talk-weekly-mining-sector-news-round-up-sunday-19th-june-2022/

Hawkes & Perroverde, thanks for that wee bit of banter!! We haven't had that spirit here since, 1969 :))))))))) lol

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 :))