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Just proved that since you can never average down to a break even all averaging down does is bridge the gap between what you payed and what it is at now so can try make your losses less and more likely to get your money back if the share was to rise but since it hasn’t and dropped continuously that proves was impossible to Average down to break even to be at a point to make a profit so was all lies
Next week, Monday or Tuesday more likely that the Saffron2 appraisal well flow rates will be announced and if anything is to go by from the drilling results from the lower and middle reservoir sands then news will be very good. Carif I'm sure you and many others don't understand the significance from the S2 drill do you. Just posting away running any positive posts down like you do. Bloody wake-up as its happening and we'll see next week. Now I'm very busy so go play with your shorter friends .
And every messege you’ve posted since may which would be around 4 p a share now has said strong but yet all the time you would have been apparently avg down because it kept falling yet all the time marking it a strong buy , seems a bit fishy don’t you think?
You must be super rich then because even sc can’t avarice it down enough to get in profit and hes constantly doing it apparently
So at what prices did you manage to average down without telling anyone you know since you promote the share so much why not say you were buying them as they flashed up?
And yeah that’s some avg down just wondering how you made the impossible happen and managed to avg down on a share that dropped in value by 2-3 percent most days since consolidation as my break even is 21p a share yours would be a lot higher so yes please further elaborate on how you got from an average of day 40p per share to break even at 2 p a share I’d really like to here that one considering the sp fell daily
See now that would make sense had you just arrived here but you claim to have shares and claim to have bought in long before I did and I’m on a 90 percent plus loss, so if you did own shares that would have cost more than mine when you bought in!
Then you would be substantially worse off than me making that your loss and all ? Would it not ?
So your clearly a blatant ramper as it wouldn’t be a gain for you if you had been telling the truth would it,
So yeah slipped up there pal true colours came through on that one! And ain’t first time I’ve called you out !
One person loss is another person's potential gain, that's the way it goes sometimes but now it's all focus on Saffron 2 appraisal well and the settled production rates. 200bopd and I'll be very happy, anything more and I'll be overjoyed. We'll soon know next week and I guess Monday-Tuesday, Arena are waiting with their checkbook of up to to 17m to fund the Saffron2 future well's until they produce and fund themselves. I'd say if anyone is interested in investing here then either buy now and get in first or wait for news and possibly find it impossible to buy. Or not. Gl to all investors and we'll soon see the outcome.
FC you don’t happen to be referring to the £150 bottle of claret SC sips by any chance, are you? If you get the chance, ask what vintage it is. Maybe you have shared a glass or two with him. It must be nice to sip a luxurious bottle of red when celebrating a loss of over £100k or should I say 90%.
Following the Percy-1 result, the SP collapsed to 5p (converted). I posted several times pre Feb 8 that this knee jerk reaction to 5p would likely happen. I am not a hardcore ramper and back my opinions with evidence and linked research. Neither am I a SP cheerleading manipulative trader bombarding multiple posts a day talking the SP up or down depending on whether my position is long or short to make a quick profit. I rarely post during the trading day to avoid this accusation, as I hold substantial shares.
I also gave caveated opinion based on pro-analysts’ reports, CERP historical MCap comparisons, precedent, ex-CERP’s assets’ massive potential, that the knee jerk reaction to 5p would unlikely get PERMANENTLY lower. This came with a warning that if S2, and other ex-CERP assets including Suriname proved to be a failure, (and the Bahamas never monetized), the situation would become dire. The SP did fluctuate between 5p and 7p (converted) for 10 weeks until 22/4 when the OO/Placing @ 3.5p was announced.
It is absurd, oil-bearing sands (and oil) have been found, with testing now taking place on Saffron 2, yet the SP is hovering at an all-time post CERP merger low. To a degree, it is like Percy-1 having discovered commercial potential, yet the SP collapsed pending appraisal wells and other testing, due to anti-BPC commentators and shorters issuing warnings that these tests may fail, and anyway previous wells going back 20 years were duds.
IMHO, it can hardly be construed ‘irresponsible’ to state the following:
If you believe S2 will be a success (or at least not a failure), BUY. Because based on all the company valuation metrics I know of (in this plane of existence), the SP will increase. But if you believe everything will fail in CEG world, count your losses and SELL this morning.
If you are a LTH sitting on mega losses and you decide to BUY, consider seeing it as a new investment which should not be done to lower averages (if you only hold pre February shares), but one to have a medium term exit strategy when these new shares reach a certain level, whether 3.5p, 5p, 6p, or 10p. Then take your cash out, and re-invest in CEG if applicable, or elsewhere.
Always DYOR or seek professional advice. And never rely on opinions from anonymous posters including myself. Especially those who contribute one-liners to the CEG debate, or just bombard insults to deflect or derail cerebral discussion.
Anonymity: the deadline for Arena is tomorrow. The non-legally binding term sheet will probably be extended; however, IMHO I prefer CEG goes elsewhere at higher than 4.2p. Or at a lower SP with little or no security. Unless clarified, I do NOT like the current deal. If this delays S3-S5 by a few weeks, I don’t care, because there is a decent revenue stream at >$60 PoO.