That's how i read it, UpDownFlat,.......decided to self isolate (I am in Lincolnshire, England,...my age, 72 years old) myself last Friday night, giving me plenty of time, to follow stock market & gold, now, (leaving my son, to run business).
Start with a 1,000,000 shareholding, for easy figures,....sell 30% at s/p@15p,.......leaving 700,000 shareholding, sell 40% of this reduced shareholding at s/p@26p,.... leaving 420,000 shareholding, sell 60% of this reduced shareholding at s/p@33p,.....leaving 168,000 (16.8% of original 1,000,000 shareholding) in for spud,....I would be comfortable with that scenario, on a Duster result.
Just had a look, Jimarillo, on the TYM six month chart, it's almost straight up,....on good farm out news, here at GBP, I would be looking for s/p, to be in double figures (s/p@20+p), quite quickly,....with only 203m GBP shares in issue & the BOD owning a large percent of those.
Once positive ratification news received, s/p will re-rate sharply upwards (imo) ....we have been given guidance (in most recent, video interview, from memory), that there are companies, awaiting a positive ratification outcome, before engaging in talks.
Quietly, waiting, for ratification news, myself, DutchStanton,.......it's a win win for myself, here at CLON,....only 26.3% of my CLON Profits, left invested, for ratification outcome,......either way, ratification goes,....I win Big or Very Big.
Market Cap £3m,....don't view that, as pumped up, myself, Rocket13,.....with the acreage, GBP are sitting on, "Under The Radar",more like it (just as PET were, when I was buying them, at firstname.lastname@example.org).....once we get our farm out, you will not be buying GBP shares, at these s/p levels,....there aren't that many, shares in issue,........the BOD hold a large percentage, of GBP shares,.........also, Long Term shareholders, like myself, are unlikely to sell, at these historically, very low s/p levels, (imo).
RE: Petropavlovsk Welcome New Shareholder13 Feb 2020 21:37
10 February 2020 Dr Pavel Maslovskiy, CEO, comments:
"We are excited that UGC has decided to invest in our business at this pivotal point of our development and welcome its president and founder Mr Konstantin Strukov as our new major shareholder. His investment is a strong endorsement of our strategy and operational success given that UGC is well respected in the Russian gold mining industry for its operating capabilities. With our ongoing focus on delivering shareholder value by maximising cash flow through further development and optimising the capacity of our POX Hub, it is positive to have a shareholder with such knowledge, experience and expertise in the Russian gold mining industry. We are confident that our ambition of becoming a leader in the mining and processing of refractory gold ores in Russia is supported by both Mr Strukhov and the company he founded, and we look forward to exploring the potential for future cooperation to ensure the continued strong growth of Petropavlovsk's share in Russian gold mining industry for the benefit of all our stakeholders". Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/POG/14416251.html
Pivotal point,....sounds good to me,.....I'm a recent investor here at POG, although I have held long ago (around 2008/2009, from memory),....pleased to be back, at this point in time,....not a large shareholder myself (96,000 POG shares, held at present,..72,000 held in two ISA's, so far), but building a position, slowly.
Petropavlovsk Welcome New Shareholder08 Feb 2020 12:53
“We welcome the new shareholder on board, and are delighted that a new significant shareholder shares our vision,” a spokesman for Petropavlovsk said. Source: http://www.talk-finance.co.uk/economics/with-petropavlovsk-sale-kenes-rakishev-proves-his-bargain-hunting-skills-once-again/
I have always thought, the PET Billionaires, would take an interest in CLON, once we get ratification,....PET, already having a 30% interest, in Tano 2A Block,....it was easier (imo), for them to take a controlling interest, in PET, with less shares in issue,......I bought into PET before them (email@example.com), when there was only approx, 100m PET shares in issue,......I believe, they only paid firstname.lastname@example.org, for their PET shares,......its going to be interesting, to see, how it all develops.