Member Info for Risendshine

Could this be the mystery project Clon is getting into?????
https://www.ft.com/content/7d02ded4-e15c-4669-8396-cc206901be6b :)

IMO its rising ecause the RNS hinted that news was on the horizon. The MC is so low the SP moves even on small volumes :)

I'm not going to comment on DH or the BOD but I would be interested to hear about any involvement in gas & oil initiatives/productions in Australia. The reason being, there is a real urgency for the West to switch their reliance on Russia & China for energy needs. Australia rely heavily on Chinese coal for example. Add to this that the west are looking to buy oil & gas from alternative sources and it puts any Australian project in a very prosperous environment. Regardless of what we think of the Clon BOD they have a knack for being in the right places at the right time. A lot of money could be invested before the long long wait for more news begins.... just saying :)

That should take the SP to 0.28 tomorrow :)

I could have guessed myself to be fair but if anyone can answer the question I would be grateful :)

Yeah, my apologies Pauly, I should be more sensitive with my sentiment. It says 4 million shares traded, but its not saying if its a sell or a buy. When the price paid is lower than the actual SP it usually means a sell, and vice-versa. This because they pay out less on a sell and charge more on a buy :)

Can anyone please enlighten me here: if the BOD decide to sell any of those shares they awarded themselves, do they need to declare the sale? Or is there a set amount under which they don't need to? I think someone just dumped 4 million, if its a sale that is!

I agree Pauly. My own take on it is that Clon BOD are comfortable in their current role and that the Ghanain politicians (for whatever reason) are happy to delay this. No one is therefore pushing either way. Could be wrong and happy to listen to other peoples' take on it :)

Analysis: Can African gas replace Russian supplies to Europe?
A lack of infrastructure, not capacity, could hurt the continent’s plan to supply gas to Europe in Russia’s stead.
https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europe

Africa's biggest oil producer is rapidly running out of power with no solution in sight......Just saying :)

Analysis
2022 oil and gas industry outlook
How oil and gas companies are fueling reinvention

The oil and gas industry has rebounded strongly throughout 2021, with oil prices reaching their highest levels in six years. While the industry’s recovery is better than expected, uncertainty remains over market dynamics in the coming year. Our 2022 outlook explores five trends that will shape the path forward for oil and gas companies.
https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/oil-and-gas-industry-outlook.html

The issue of the warrants to the three directors as set out above constitutes a related party transaction under Rule 13 of AIM Rules. In this context, Peter O'Toole, being the Director on the Board who is considered to be independent of the awards, considers, having consulted with the Company's nominated adviser, Strand Hanson Limited, that the terms of the issue of the warrants to the three directors are fair and reasonable insofar as its shareholders are concerned.

In consideration for this past and continued deferral, these directors have been issued 3.25 warrants over Ordinary Shares per each 1p of accrued salary due until 31 December 2021 ("Warrants"). The Warrants are exercisable at 0.25p, being a 6% premium to the closing mid-market price yesterday, at any time until 11 January 2025 and have been allocated as follows:

I concur Tex. The MC is so low here it can move on the slightest sniff of news. If news of progress on the Tano block arrives this will multibag. I would caution anyone against FOMO though as it will spike and drop again unless the news continues to flow...don't buy at the top or you will be left holding the bag, like many on here have done before. I know you are savvy Tex but just warning any newbies that come along :)

Hadn't seen that Tex, thanks for sharing :) It kind of corroborates my post below regarding Oil Shortages. As I said: Even if Clon aren't compitent enough to progress the Tano block, Ghana are likely to want the block exploited and may well offer some incentive for Clon to either clear out or team up with a Ghanaian company....all in my own opinion, dyor everyone :)

In this share I think its 0.17 but it doesn't go there too often. I tend to sell on a rise and try to judge close to the bottom. Better to miss out on a small downside than not get anything. Over time, everything counts in large amounts :)

Yeah Vb, buying the dip is way under rated as a strategy imo :)

If there was intent with the warrants (which there is bound to be) it wouldn't be anything that looks obvious or happens too quickly after acquiring them. A slow rise then an unsuspecting sale would be likely. I was wondering myself Tex if we might be approaching the end game on this? Time will tell I guess :)

Intelligent answer Castaway, thank you! We are definitely on the same page and with so little downside there can't be many AIM's around with such exciting potential IMO :)

I agree with Pauly, the SP on this share can spike 40% for no apparent reason and I admit to having used the rises to get my average down after a FOMO slip a few years back when I bought at 0.7. My average is now down to 0.39. Anyone who has known me on here will know I don't ramp or de-ramp so that is not what I am doing here. However, looking realistically at the current situation: Russion oil is no longer being accepted by the West. That means the West will need to look aelsewhere for oil. Both Biden and Johnstone have tried UNSUCCESSFULLY, to get the UAE to increase their production. This constitutes a bit of a crisis for the West. They have even started looking to countries they have previously refused to deal with and will continue to seek new alternative sources to Russian gas and oil. We all know that CLON have no credible way in which they could benefit from this situation in the way of oil production, even if the current Tano plot was ratified. However, it remains that CLON is sitting on one of the worlds potential oil hotpots. Even if they couldn't exploit the resources, CLON just being there (they have a legal claim) is a problem for Ghana. If the West come knocking, Ghana may well become more incentivized to get CLON out of the way to allow another company with real potential to step in and exploit the resources that may well be lurking beneath the waves. Up till now it may have been a waiting game but what if?

I am only speculating here of course and this will have nothing to do with the recent rise....any thoughts anyone???