Clontarf Energy Share Discussion Threads

[bmwman3] 15/5/2024 13:42

It seems that what Clon are offering is not just the tech but the buyers of the lithium too

[wong77] 15/5/2024 13:36

China will power

[bmwman3] 15/5/2024 12:58

March RNSToday 12:57The Company further notes that, on 27 February 2024, the European Commission launched an important initiative in partnership with a high-level Bolivian delegation to Brussels. This followed the EU Critical Minerals Act 2023, which aims to boost and diversify supplies of critical raw materials, and support necessary Research and Development. Clontarf Energy participated with other private sector companies, banks and development agencies in these events in the country. The result was that the EU institutions agreed in principle to finance related infrastructure, through the Bolivian authorities, and accepted that Direct Lithium Extraction (DLE) is clean and environmentally friendly. As infrastructure spend can be two-thirds of the total capital cost of new mines in remote locations, this support is critical. Bolivian representatives also accepted in principle that such investment would qualify for contractual offtake rights, under applicable law. This meets the key EU objective to protect and develop its automotive and green technology sectors.

[bmwman3] 15/5/2024 12:57

Europe at present can't compete with Chinese EV makers .They need cheaper Li resources and higher grade to compete and survive in EV manufacturing.Any company which can provide them with some resources of Li would be most welcome ,small or big company. Colt can become one of good expanding resource to get their hands on.It's probably the discussion is well advanced now between the two and for Europe to provide the small financial support needed. Hence the share price continues to be bullish after the RNS.I am positive on today's developments including the excellent RNS.

[bmwman3] 15/5/2024 12:35

They are using the EU as a Bank Guarantee to offset the weakness of CLON's own balance sheet and, in return, the EU will have a guaranteed pipeline of high-purity lithium chemicals suited to the EU battery industry and thus not be reliant on China or Russia - or much less reliant anyhow. High stakes indeed.

[crankylad] 15/5/2024 12:19

Obviously a very leaky ship in these. The spike up came before the RNS.. How fricking corrupt is the market!!!

[currypasty] 15/5/2024 12:08

price went up way before the rns

[fenners66] 15/5/2024 11:51

From the RNS..



CLON - Now enters phase 3 of a 5 phase process along with 20 others - some of which are countries....

I love the massive warning to shareholders in the next bit - here is the disclaimer...

"Phase 3 of the convocatoria"(why leave the Spanish word in there?) "process will...include a review of the last 5-years' accounts, and a risk-rating."

thats a Massive flag !

Last 5 years of losses...

Net Income -350k -309k -361k -464k -4.77M

So just £6.254 million of losses.

No turnover and negative equity (according to financials here on advfn)

Risk rating based on that lot ?
You have been pointed to the perinent facts...

Now I wonder what China's Profit and Balance sheet looks like...?

[citys2874] 15/5/2024 11:49

yep people selling and moving into KDNC worth buying

[fenners66] 15/5/2024 11:48

Now enters phase 3 of a 5 phase process along with 20 others - some of which are countries....

I love the massive warning to shareholders in the next bit - here is the disclaimer...

"Phase 3 of the convocatoria"(why leave the Spanish word in there?) "process will...include a review of the last 5-years' accounts, and a risk-rating."

Massive flag !

Last 5 years of losses...

Net Income -350k -309k -361k -464k -4.77M

So just £6.254 million of losses.
No turnover and negative equity (according to financials here on advfn)

Risk rating based on that lot ?

You have been pointed to the perinent facts...

Now I wonder what China's Profit and Balance sheet looks like...

[citys2874] 15/5/2024 11:46

people selling on news

[citys2874] 15/5/2024 11:45

yep rns out

[blakesmith] 15/5/2024 11:43

Mad scramble to exit

[blakesmith] 15/5/2024 11:39

Stage 3 about finances is where clon become unstuck They have no jv hardly any money Down it goes

[valentine73] 15/5/2024 11:30

True, buts its a big step forward

[citys2874] 15/5/2024 11:06

price dropping a little towards lunch no RNS THIS MORNING SO FAR

I have invested in KDNC worth buying ready and primed for a major technical breakout

[blakesmith] 15/5/2024 11:00

Remember they haven't won the bid they may have just passed the second round When rns drops mms will take it down