RE: Tribune20 Sep 2018 21:43
From Tiburn on the CLON board:
I understand the negativity about a placing, but this is AIM so its not unexpected.
BPC for example has 1.6 Billion shares in issue , 3 times the amount here and is a similar play - multi billion barrel potential, offshore shallow sea - 25 million market cap currently.
CLON however is in a better position arguably, has a 1500 sq km license next to existing oil fields, an established oil industry and pro oil Ghana government, with a long term legal block removed - its game on - and now funded to secure a deal.
Perhaps employment of a deal broker such as Macquarie Bank is the next step by CLON to show this is real and actual. I would expect fast movements now in any case after so long in the doldrums, the board are energised and
know the value of the asset they have here.