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Hi Razorman
That was a long read worth it though. If your interested have a look at N4 pharma Rns on what their upto
ATB:))
Right now, there are at least 43 Covid-19 vaccines in development around the world – in Brisbane and Hong Kong, in the US and the UK, in the labs of universities and companies. Most of these are DNA or RNA vaccines. One vaccine, made in 63 days by an American biotech firm named Moderna, moved into human trials on 16 March, entering the bloodstream of the first of 45 healthy adult volunteers in Seattle. It was a “world indoor record”, said Anthony Fauci, the doctor who heads the US National Institute of Allergy and Infectious Diseases. “Nothing has ever gone that fast.”
https://www.theguardian.com/world/2020/mar/27/inside-the-race-to-develop-a-coronavirus-vaccine-covid-19
Before investors jump to dramatic conclusions about this stock it is surely worth seeing what unfolds over the next few weeks, in order of priority.
1) How trump chooses to intervene https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.amp.html
2) Who concedes to oil production cuts first, or a collective OPEC+(+?) deal no matter how unlikely it seems today
3) renegotiated Goudron IPSC terms
4) saffron results
5) CERPs crisis initiatives - they will have to declare their strategy for weathering the storm (If I remember correctly last update showed £3m in the bank)
6) the most important - the progress of vaccine trials!
If CERP can demonstrate that they have the toolkit to survive then it would be wise to hold tight and ride out this mess!
Thanks for wishes of luck harel......... ! defo appreciated...... :)
and the price of oil is currently a massive factor in the global economy, it will be dealt with, Russia or Saudi capitulate.......? US involved.......?
All the best (and the best of luck to yourself :)
The saffron results due in weeks, the oil price might stay low all year..
Anyway ill sell with a big loss in weeks.
Wish you all best of luck..
So you'll sell out when the price of oil rises, and we're in a better position Harel...........!
you couldn't make it up........... :()
All the best (let us know how you get on ............ puhlease :()
Bamps, im still in because im waiting for an opportunity to sell out, maby on good news from saffron.
I allways write what i believe if its support my position or not.
No one knows how long oil will be low and the fact that it threatens companies with a debt and operational costs that relay on their fcf that just stoped is relevant to a lot of companies that might not survive this crisis.
Realising thing have change due to COVID-19, an update end of Q1 2020 would be expected IMO, regardless............!
the RNS from 9th Jan 2151Z, although out the window now cos of virus, still needs to be adhered to, the corporate update from Feb 2020, show a slight time target into Q2, but end off March/ start of April, we should be informed, one way or the other...........!
All the best (Irene, he's your Fish, not mine, don't blame me if he's drowning :)
Hi Obadhia
He is always too negative for me never a positive at all, don't know why he's still here.
I would have hoped all production other than Saffron is now on hold unless there is a safety issue with any of the wells. Any oil from Saffron either sold or stored.
The likely hood of them stopping testing would seem slim as it may cause issues for later.
We are still being kept well in the dark with what is happening, whether LGOfan is correct and we will be getting an update at the end of March is only a few days away.
The length of time taken on the tests suggests to me that the LC is still being tested, as their are 3 horizon tests zones with maybe more inbetween and then the larger pay zones in between, so it's not straight forward and will take time.
I just wish they would inform us what is happening
ATB:))
harel, you can re-negotiate debt and such is their relationship with Lind that that I would imagine has already been put in place. The bigger questions, are they still pumping any oil, even at a loss, and is the market still open to take it. Until we're officially told by the company we remain in the dark with only our own guesswork. Personally I get more and more disappointed by this BOD in their slowness to advise their shareholders and update on critical events.
Stiil believe positive news very soon we know we have oil in Saffron not long to wait now - harel
Cerp is a company with a debt that relays on the operational cash flow, that is the worst kind of companies to invest in a time of crisis and low oil price.
The big opportunities are the companies that are debt free and on the exploration phase with attractive assets and cash ready to drill.
There is a real possibility that this and many other companies will not be trading and that is a fact.
agree that we will have to wait at an extra year. the whole world will have to wait another extra year for everything.
https://walletinvestor.com/lse-stock-forecast/cerp-stock-prediction