Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I don’t have my head in the sand.
I am invested here knowing that it was high risk.
Balanced against all the excellent news from Kodal and Hainan, there is also some disturbing reading about Mali including today:
https://www.rnz.co.nz/news/world/494685/wagner-mercenaries-forced-out-of-ukraine-unleash-horrors-in-mali
Russia has also just announced that it is donating (for free) 50,000 tons of grain to 3 Central African countries including Mali.
So Wagner does deal with Putin and becomes the security force in Mali, Putin supports Mali, and Russia and China are what some may describe as allies. Perhaps Kodals operation will not be threatened either by Wagner or obstructive governmental interference because it’ is basically coming under Chinese control. Perhaps my view would not be the same if the funding was American. Perhaps also a shrewd move by BA to partner with the Chinese, assuming he had various suitors from a variety of countries.
UK GOV have maintained their ‘all but essential” travel advisory:
https://www.gov.uk/foreign-travel-advice/mali
However much it might pain me (due to an x million share holding in Kodal) to accept that the Mali situation is changing, I would be a fool, and it could be financial suicide, not to take a pragmatic approach. The last couple of months, coincidently while KOD tries to finalise its deal with Hainan, has seen a significant change in the geopolitical situation, and an increase in risk due to the withdrawal of the UN Peacekeeping Force, the push by Wagner into Central Africa and the potential change to the Mali government’s mining regs. There are plenty of reliable and official information sources to corroborate this view - a few basic web searches will take you there.
Hindsight is a wonderful thing - would I have held all my holding after the sp rise to 0.9 if I had seen this coming? Probably not. Was I naive? Probably.
And now, in my view, the longer the wait the higher the risk to the deal closing.
I have learnt over the years not to close my eyes, cross my fingers (and everything else!) and unquestioningly believe that anything is a 100% “dead cert”. I learnt that lesson the hard way. I’ll be watching news closely over the next few days, and take whatever action, if any, on my holding.
And hopefully this will not invite the personal insults that have become all so common on this board just for being somewhat circumspect in my research.
In my humble opinion, both gold and copper look poised for a move north, and potentially exceed all time highs.
That can only be good news as long as GWMO do start producing and get a JV partner for the copper.
Based on potential this looks very good value - and if positive RNS’s follow this year, highly undervalued.
Https://www.next-chemx.com/wp-content/uploads/2023/05/3.-CHMX-10-Q-2023-05-15.pdf
Https://qz.com/bolivias-lithium-reserves-are-even-larger-than-it-previ-1850664027
It keeps getting better.
Https://www.theguardian.com/world/2023/jan/25/bolivia-lithium-mining-salt-flats
Could it be that Clontarf might have just hit the jackpot if the DLE extraction process can be proven up?
This could be huge.
Seriously huge.
@asimpleinvestor
Agree. I’m checking back in at end of year.
Same happens on the Kodal board, especially now when everyone is now trying to second, third, fourth guess what’s happening with the Gov announcement in connection with LLL. Does my head in. Just sit it out and wait, or if you can’t take the heat, get out. But pages and pages of worthless drivel? Ayayay.
Https://kazeraglobal.com/reports-presentations/#kazera-presentation-q2-2023/4/
And also on Twitter…
https://twitter.com/kazeraglobalinv/status/1677302454260584449?s=61&t=TqSFktgHRk3iAoY5uYsROw
@canaryinthemine
That will be Thursday then...
Notice is hereby given that an Annual General Meeting of Clontarf Energy plc (“Clontarf” or the “Company”) will be held at Canal Court Hotel, Merchants Quay, Newry, BT35 8HF, United Kingdom on 13 July 2023 at 11.00 a.m. for the following purposes:
https://clontarfenergy.com/wp-content/uploads/2023/06/Clontarf-Energy-Annual-Report.pdf
Just in case anyone missed this:
https://polaris.brighterir.com/public/clontarf_energy/news/single_rns/story/w69kj7w
Notice of Annual General Meeting
for the year ended 31 December 2022
Notice is hereby given that an Annual General Meeting of Clontarf Energy plc (“Clontarf” or the “Company”) will be held at Canal Court Hotel, Merchants Quay, Newry, BT35 8HF, United Kingdom on 13 July 2023 at 11.00 a.m. for the following purposes:
Ordinary Business
1. To receive and consider the Directors’ Report, Audited Accounts and Auditor’s Report for the year ended 31 December 2022.
2. To re-elect Director: David Horgan retires in accordance with Article 25 and seeks re-election.
3. To re-elect PKF O’Connor, Leddy & Holmes Limited as auditors and to authorise the Directors to fix their remuneration.
4. To transact any other ordinary business of an annual general meeting.
SPECIAL BUSINESS
ORDINARY RESOLUTION
5. That, in accordance with section 551 of the Companies Act 2006, the Directors be and are generally and unconditionally authorised to exercise all powers of the Company to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company (“Rights”) up to an aggregate nominal amount of £5,000,000 provided that this authority shall, unless renewed, varied or revoked by the Company, expire on a date no longer than five years from the date the resolution is passed save that the Company may, before such expiry, make an offer or agreement which would or might require shares to be allotted or Rights to be granted and the Directors may allot shares or grant Rights in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired.
This authority is in substituting for all previous authorities conferred on the Directors in accordance with section 80 of the Companies Act 1985 or section 551 of the Companies Act 2006.
SPECIAL RESOLUTION
6. That, subject to the passing of resolution 5 and in accordance with sections 570 and 573 of the Companies Act 2006, the Directors be and are generally empowered to allot equity securities as defined in section 560 of the Companies Act 2006 for cash pursuant to the authority conferred by resolution 5, as if section 561(1) of the Companies Act 2006 did not apply to any such allotment, provided that this power shall:
6.1 be limited to that allotment of equity securities up to an aggregate nominal amount of £5,000,000; and
6.2 expire on a date no longer than five years from the date the resolution is passed (unless renewed, varied or revoked by the Company prior to or on that date) save that the Company may, before such expiry an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this resolution has expired.
…..
@steven49
To be honest, I was hoping for a lot more from Ironveld this month, but Martin Eales has right royally disappointed me, and more importantly, the market, which has reacted with disdain to such vague news.
I am quite happy holding Clontarf for the time being. None of these companies are low risk, which is why I only have a certain percentage of my portfolio allocated for these types of investments (eg the casino of AIM). I am still also holding Kodal which, even though it has drifted lower while we wait for confirmation of the funding, is so far in the blue for me, that I’m quite happy sitting it out.
@ivans
FFS.
As soon as anybody expresses what is, in fact, a considered view of Ironveld, built on years of holding an investment with them, and it’s labelled “deranmping”.
For a start, the word you are looking for is “basher”, not “deramper”.
And take advantage of what? To push the share price, even lower from where it is now? LOL! Most long-term holders here bought in at a much higher share price and really don’t want it to go any lower.
If you are that oblivious to the history of this company, then I suggest some more research would serve you well, as well as being open to listening to country views from long in the tooth investors, who might just be trying to share some wisdom and knowledge to save Naive investors losing money.
And while you’re at it google “irony” in reference to my handle.
Analysis from @SPGMarketIntel says with #EV sales expected to double by 2027 to 31.6 million units, a shortage of battery metals is expected next year:
https://twitter.com/kodalminerals/status/1673964459843375109?s=61&t=TqSFktgHRk3iAoY5uYsROw