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ECR struck gold ;-)

The charts are pointing to 40p for this one. It is in a terrible mess. Inflation, collapsing Pound, Brexit, EU hostility, FTSE downturn, Wall Street peak, possible UK recession on the horizon, Turkey, mild upcoming UK Winter and growing staycations are major headwinds for 2019. Surprised TC is not moving more into British hotels or UK adventure sports, or something along those lines, to get on-trend and stabilize the share price. Give investors some hope to cling to.

Imagine your close neighbour pokes his Black & Decker drill in the ground... He hopes to find black gold... Instead, he finds lots of brown dust...

At least two posters on here have lost huge sums of money in the past few days trying to be clever and play the fundraising pump-dump-and-repump game. Lord only knows how many other suckers followed their ramping and got burnt.

The company is losing millions worldwide, its European operations are a disaster and have recently closed, while the new "orders" are only equivalent in annual revenue to about 10-20% of the current marcap. Its share price has collapsed--60% in the past year and some folks are using today's spike to bail out.

It has whopping debt of ~£93m, made gigantic losses of ~£101m, its share price has collapsed -90% in 3 years, and it is suggesting it will be 2 to 5 years before its debt is under control.

May be worth a punt if it tumbles to the 1-2p range and the company is still in business.

This share is almost certainly going to delist from AIM, and PIs are still buying shares in it today !!!

The amount of incompetence in this market never ceases to amaze.

Around ~95% of trades in the past 2 days have been sells, so it wouldn't be a surprise to see this one drift down to its trade-in price of 10-15p before the end of this week.

Lol.

Amazed at how many hardcore rampers are in this one today, actively reporting posts with alternative viewpoints!

As they say, though -- you cannot beat the market... The share price has fallen sharply in the past hour...

Spot the ramptastic ramper who is trapped in at a price higher than today's market price ;-)

This one is on track to lose ~£1m this year and any serious revenues are many years away. The current ~£5m marcap is crazy.

Somebody lost £5k on their investment in <2hrs of market time !!!

When will folk learn about these joke Africa oilies...

Good post.

CLON has 3 "projects" on the go (Ghana / Eq Guin / Bolivia) and they all look highly, highly questionable.

And their recent RNS after the pump-and-dump hinted they were searching for more "projects" to waste shareholders' money in 2019.

Avoid.

A ~£70m marcap for a company losing ~£25m and burning through millions every few weeks and getting ready to dilute shareholders with yet another big placing for even more millions is not "cheap"!

Lol.

Amazon had (and has) a hugely profitable web-storage business that subsidizes the lossmaking retailer we all use.

By contrast, XSG is losing tens of millions of Pounds across the whole business, and a big placing is on the horizon.

This share is massively overvalued.

The company is on track to lose an astonishing ~£25m this year... and is burning though millions of cash every month... and currently has a ~£75m valuation... You do the math...

Amazed people are chasing this one higher on a vague, unquantified press release with no numbers!

XSG is losing tens of millions of Pounds, it is burning through millions and millions of Pounds of shareholders' cash every month, and a placing is on the horizon.

Loads of PIs are gonna get hammered on the spike of the pump and dump here.

When folk start talking about state-aid stepping in to save things, ramping ramptastically about mythical takeovers at 4 times the current share price, costs soaring overnight by half-a-billion dollars, and the share price collapsing by almost half in <2 years, then it is fair to say the party is over and the best days are behind you.