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Not all trades are being reported here... something going on. Could be someone is trying to accumulate and attempting to keep a lid on the price.
Could be Iraq, could be ratification at Tano, could be both.
Are we finally going to get some concrete, positive news?
I agree NCTrade - there's no reason to take the view that this is all some massive con.
CLON, somehow, have managed to find technology just at the right time in the right place. So far, there's no reason to believe that the process won't be scalable... time will tell but it's looking very positive. And they seem to be in poll position with Bolivia not just for use of the process but also in getting a licence (not to mention the other nations and companies who are interested).
Just need patience to allow the pilot to run its course and for discussions with Bol authorities to conclude.
If they can realise all or even a fraction of this potential then this could be a once-in-a-lifetime opportunity.
AIMHO
Bound to be rumours of Iraq and ratification again after Pet's update last week and this morning's update. It does appear that active discussions are taking place on both so rumours are not surprising. Any strong rumour will see PET and CLON fly... waiting for firm news is likely to miss the boat.
Absolutely - Bolivia, Argentina, UK, Europe and US!!
'This progress has brought us to the attention of the EU Commission, as well as State-backed initiatives in Britain and the USA. Clontarf has been invited to participate in a drive to explore and develop lithium and other strategic minerals in northern Argentina, and possibly other jurisdictions. We believe that such timely initiatives may open larger and lower cost sources of equity and debt financings. This would cut our cost of capital and open many new opportunities for value added and expansion.'
I reckon that there will be bids for the JV in the not too distant future!
Should get interim results any day now - along with that, I'm sure that we'll get a better idea on progress being made with the jv.
CausticYoda - after years of reading RNS's from GR, I think that I'll stick with my interpretation.
Mining operations were stopped and they'll re-start on Monday. They have sufficient material to get the commissioning going but it will take time for them to scale up to produce sufficient ore to have enough throughput to complete commissioning and to keep the mill going at a sufficient rate. (Sounds to me like all the parties are not synced yet).
In other words, it's good news but there is still much to do.
Good news, undoubtedly. Slight concern about this statement though -
'Open pit mining operations at Zulu are expected to resume next week and while there is already substantial material on the run-of-mine pad, it remains critical that the plant has sufficient ore for current processing.'
Is he saying that the plant doesn't have sufficient ore for processing?
After PET'S update the other day, I was surprised that we didn't see a shift in CLON's sp. It's clear that the Tano ratification is edging closer... even if it is a smaller area, I'd suggest that there is virtually no value reflected in the sp for Tano. Discussions must be taking place.
Rather than seizing the opportunity, he's pandering yet again to dinosaurs in his own party... this country has been destroyed by entitled, arrogant, power-hungry, self-interest. Watch the Kuensberg series - how on earth these people were let in to run the country beggars belief... and they're still saying that they were right!!!
Doubt it, one2one. Rishi will be out of office within a year (this is not going to be a vote winner) and Labour will re-instate current targets or make them more ambitious.
Nearvana - you're right. They're not saying (or allowed to say) much publicly right now but there's a very confident team at CLON HQ. Earlier in the year, we saw that both CLON and NEXT-CHEMx were out and about talking about their DLE process. I understand that this generated a lot of interest and that they've been talking to some interesting parties since. NEXT-CHEMX are focused on scaling the process and CLON are dealing with the BOL gov't and some of these other parties.
I wouldn't be surprised to see another, much bigger partner coming on board in the not too distant future.
Clearly they have some sway with the BOL government and I understand that was key in getting the JV and will be key in attracting funding/other investment and in the bidding round.
With an update due between now and the end of the month, this could get back to previous highs.
Ria20 - much better afternoons ahead.
We should be getting an official update soon but feels like all has gone with the field-test - from July RNS...
'The next step is to field-test our iTDE process for the authorities, on the larger scale (40kg) samples received by our team, with all necessary permitting in accordance with law, from the 5 priority salares (salt-lakes).
The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.'
It's not in an RNS because there's no direct benefit to CLON yet. However, I doubt if the Bol govt would have agreed to this unless they had seen some definite evidence of the Nextchem DLE process being the solution for these salares. This is really good and big news. I expect that we'll see some very positive, official news coming from the pilot very soon.
Last few months have been, let's say, challenging for my wee portfolio but some good news from the pilot will put it right.
Excellent news!
Euston2283 - par for the course with AIM companies in my experience. They don't have people sitting waiting for shareholders to call and the likelihood of getting any useful, relevant information if you did get through is zilch! Assuming that this means that 'all is not well here' is a bit ropey, to say the least.
The volumes are tiny - everyone is holding for whatever news is coming. Seems a bit of a stretch to suggest that Capstone are reducing because of a few 5m sells... or were they buys!!!
Upside potential is massive here!
Euston2283 - I'd like him to communicate way more too but I guess that it's at these times when holders want more comms that CEO's are in the middle of getting deals done and can't communicate. After that strongly worded solicitor's letter, one might have expected some update by now, though!
I'm hoping that AP is getting some long term funding sorted - can't go on with these month to month extensions. I reckon if he has built on the June performance of BP for July and August, he might have enough to get a new deal. Treat the diamonds as a bonus as and when they're sold.
I think we'll know that some news is coming when volume picks up and the sp shifts dramatically moves in one direction or the other... risk/reward here is looking good for holders.
If the name of the game is to buy low and sell high then there appears to be an opportunity to buy low just now... certainly seems to be one of those situations where Warren Buffet might be attracted!!
Like others, I've got an average much higher than the current sp - can't see a reason to sell given the news that should be on its way and that could drop any time. Plenty of reasons to hold and add though.
It's a real frustration that we're not hearing from AP about anything - another leak of correspondence between VAST's legal team and the RBZ or whoever would be helpful. As would some status report from BP.
Shareholders have taken a real battering for some time now and, if he has the wherewithal to do it, AP should look to re-finance for the longer term and avoid another placing.