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Ross agree definitely a positive Regards Limopete
LGO-fan It was a bit strange, the first one that I saw was the CFO one and even it took longer to appear than normal.
Appt of CFO and update
Did I not get the RNS?
Dazbrad Not sure there is but the rhetoric and the replacement of the CFO signals a clean break from the past and a more shareholder value driven approach. No magic wand at this stage in terms of funding / expansion so traders may be disappointed but I suspect that LTHs will be encouraged.
Need to update my RNS Alerts🙄
petersalkeld Agreed no detail but the stress on capital efficiency and discipline is a positive.
Just seen the second RNS (LK's statement). Not a lot of detail but the rhetoric seems shareholder friendly.
I couldn't find the strategy road map
Excellent, professional website Columbus has the opportunity to create exceptional shareholder value using the current producing Trinidad assets as its foundation. The new experience leadership team will implement robust cost control measures, introduce new decision making processes and build base production. This will create free cash which can then be invested in further production growth and add to both proven and prospective hydrocarbon reserves. Intelligent use of funds will allow the business to pace the company’s growth, making sure maximum value is created from our present market capitalization. Whereas the producing assets will create the necessary cash for organic growth, the exploration portfolio is envisaged to create the opportunity to truly transform our business. Please refer to the strategy road map giving more depth to our journey and highlight the various options along the way.
Just me then. Hopefully more to come ahead of tonight's event but if I was an LTH I would take this as signalling a pretty clear break with the past.
That's a positive, IMO.
and so hopefully does the share price. I am modestly in profit....but I sincerely hope that those who are in the red at the very least get their money back....GLA
The egg is hatching and I'm going to watch this little bambino grow into on heck of a bird..roll on 7am up with a cuupa Yorkshire tea (no hobnobs yet) but I'll get some,oh I'll get some GL TT12
S4LMO If Leo works as hard and effectively as Leigh Griffiths, LGO will multi-bag. Agreed?
I'm sure they'll be plenty of username changes on new bb as well ;-)))
And so is Leo
I told you'd all LGO was toxic ..... first thing the gvnor did when he came in was a name change ...... god I'm good
Be there or be square!
Viva Koot!
PinWiz It's hardly swing trading when you are consistently skeptical. Hoping that LK will give me good reasons to look at LGO differently.
http://www.proactiveinvestors.co.uk/companies/market_reports/179262/lgo-columbus-energy-reboot-comes-into-effect-on-thursday LGO Energy PLC’s (LON:LGO) much talked about reboot officially comes into effect on Thursday, with the name change to Columbus Energy Resources Plc. New chief executive Leo Koot is steering the ship to new opportunities, seen in South America rather than the West Indies, where the group’s core assets presently are. “I am excited about the inherent value that I see in this business and look forward to implementing a strategy to unlock that value,” Koot said last month. “The company's current asset portfolio is strong, we are growing our production and generating cash. “We are seeing ever more investment flowing back in to the sector. These are excellent fundamentals from which to grow the business.” The shares start trading on London’s AIM market under the new name on Thursday morning. Columbus will, meanwhile, pitch the group’s new plans at a re-branding launch event in the City.
Can't understand why people on here constantly reinforce his credence with a civil response. Just ignore the manipulative swing trader!
typos due to jet lag
hmmmm....not feeling it! I think, I will go vintage and stick with my current avatar. Note LK has def my vote! Never was a fan on NR, I just saw the potential of a low cost O&G company sitting on interesting assets, waiting for some clever people to arrive. I always thought the new team would arrive a lot quicker, but there are here now. When LK speaks the sp moved north. I suspect this will be no different on Friday (I hope)