Member Info for Yanis2005

I do hope that the next RNS is talking about gold and revenues from the waste pits … and not about more veins!

I don’t think that they will do anything at Lidsey until after they get the £12 mil funding and SF takes off.

News, Zul and some of the other people that responded to my tweets I think they have purely political views.

I think that the previous president even though he invited the Chinese and Gernman companies (later counselling contracts via decree), effectively tried to go it alone and without the expertise lost a lot of money.

The new president is an economics graduate from UK and also has a Masters degree from Warwick University. Being an economist, I am sure he knows what is good for the country and how to go about monetising it.

He is already pushing ahead with industrialisation of the lithium industry

https://www.laprensalatina.com/bolivia-renews-push-to-industrialize-lithium/

A page has turned in Clontarf’s story … it should not be long now (all IMO DYOR)

Have they got money to do the Lidsey seismic? I don’t think that they do.

RNS dated 13 April 2021

https://www.lse.co.uk/rns/ALBA/clogau-update-pitting-of-waste-rock-dump-commences-hvzds5eiz1gz02q.html

“Assuming normal processing times at our preferred external assay laboratory, we expect, therefore, to have a definitive answer on the gold-bearing potential of the waste rock dump by the middle of next month."

The middle of “next month” (I.e. May) has passed. Where is the fecking RNS?

Somebody wake George up please, the SP is again below support.

Gulable, I know it has taken quite a long and has caused frustration. I understand that.

CLON does clearly state what the current situation is with Ghana and Bolivia on their website. Are you trying to say that they are lying and CLON is a fraud? On what basis could one make such a claim?

The BOD is owed money. Cash burn here is extremely low, current placing is for £500k and from what I can gather the one before that was also for £500k about a year and a half ago. Obviously is not a lifestyle company like quite a few on AIM.

Trying to warn people off? Why not let them make their own minds up? They will not forgive you when one of the projects comes good and the SP takes off.

Gulable, if you believe that about PET and CLON, why are you wasting your time here?

Jollifant, obviously there have been obstacles and is taking time.

Me too I have been in Clon for over 3 years and during this time I build up my position buying on weakness. I am hoping and I believe that it will come good sooner than later (at least one, Ghana or Bolivia) and that is why I am in at £30k now.

Any one coming good will cause the SP to multi-multi-bag from here.

Clon cannot put that info up on their website if it was not true, it would be illegal and also open them to law suits. Patience is needed. Those that are buying now will be rewarded more than those that are jumping in on FOMO.

The fact that the placing is at 0.325p and the SP is holding well above that is a very positive sign.

HITS, I like the boy crying wolf analogy. Is clear that Angus lost all credibility, otherwise the SP would have gone up. Any other reputable company announcing similar would have caused the SP to rocket. Now, until such a time as a firm announcement of the funding deal closing and funds are drawn down not much will happen.

Jollifant, sorry, my iPad autocorrected your name, was not intentional.

Jill infant, CLON at the moment is under £3 mil MCap - Don’t you think that when news (of any sort - even if it is a submission to the Bolivian Government) lands the SP will shoot to multiples from here?

By the time you get to a feasibility study (assuming one is needed) don’t you think the SP will be much much higher?

At Ghana, all Clon is waiting for is ratification then is a go.

For lithium, if it is a JV with YLB then is straight off.

The comparison with KOD is purely for MCap - not for operations comparison.

Where is all the excitement gone?

4 posts here - 4 tiny trades - in over 3 hours

Great potential here.

KOD MCap is currently £44 mil, if CLON hits that the SP will be 5.1p
KOD last week peaked at £56 mil, if CLON hits that the SP will be 7.6p
At only £10 mil MCap, CLON will be 1.15p

We are at only at less than £3 mil MCap atm

Once the placing shares are gone it will be free to move. Was only 153 million shares at the placing and they are near enough gone by now.

SP is holding well above placing SP of 0.325p —- a very good indicator of multi-bag in progress … GLTA.

What is a shame is the fact that Alba after all this ime of drilling and sampling IN A GOLD MINE hasn’t shown us any gold yet … not even a glimpse !!!! — Yes it’s a shame.

Mirasol, thanks.

Looking at the conditions in the RNS again,

(1) Setting of the hedge - no issue will be set closer to the time when gas can be produced.

(2) Regulatory approval of the royalty arrangement by OGA - No guarantees that OGA will approve, it may not.

(3) Handful of administrative provisions - No issue, I cannot see anything here to worry about.

So the only thing that may cause the funding deal to fail is OGA approval of the royalty arrangement.

Any comments from those that know about these things, is beyond my depth. What is the likelihood of OGA not approving the royalty arrangement?

I expect there will be another TR-1 RNS next week indicating a reduction. There aren’t many placing shares left!

Tallchad, the TR-1 RNS is not indicating a purchase, they simply did not fill it in properly – it should have indicated 153 million as previous position.

Monecor is the sole agent for the placing, see previous RNS
https://www.lse.co.uk/rns/CLON/placing-to-raise-163500000-33xmgsvqdzp9jmk.html

“The Directors of Clontarf (AIM: CLON) are pleased to announce that the Company has raised £500,000 (before expenses) via the placing of 153,846,153 ordinary shares (the "Placing Shares") with new and existing investors at a price of 0.325p per Placing Share (the "Placing"). The Placing Shares represent approximately 17.67% of the Company's issued share capital as enlarged by the Placing. Monecor (London) Ltd, trading as ETX Capital ("ETX Capital"), acted as the Company's sole placing agent in respect of the Placing”.

Elir, they may not find any buyers!

Monecor is not a spread betting company (ETX Capital is). Monecor is handling the placing at 0.325p and they are very good at placings and at the same time helping the SP up. In case you haven’t noticed, the placing shares are near enough gone and we are no where near 0.325p.