Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good try with the lowest and highest point in the past year - not quite 500%, more like 190%. But a more "honest" view would be performance over the past 1 year at 45% up.
Is this the rerate you've been harping on about for years, Willec?
I would say 0.03 to 0.14p in 6 months not bad.
Where else can you get nearly 500% in 6 months?
All this "AMAZING" news and yet the SP is stuck in the doldrums.... gotta laugh at the rampers
50:1 would be fine - no problem with this at all. It will only benefit the company in the long term.
Share price of c 6p per share will certainity attract more major institutions show a fantastic future ahead for the company.
A company with no debt, biggest acreage in Uruguay, 3D towards the end of 2024 in to 2025 and drilling in 3 years. Can't be much better than that.
VERY STRONG BUY!!!
Willec, see section from the RNS, they have already stated that subject to shareholder approval it will be at least 50:1.
the Company's shareholders have approved, and the Company has thereafter undertaken, a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company).
Would love a 10:1 as this means the sp will be over 1p and then allow major insitutions to buy the stock which a lot can't do for shares up 1p and then we will definitely fly. This share is only headed on way which is north.
How many times has that been now in the inglorious history of CEG - yet the direction of the SP post consolidation is always one way - DOWN!
How many times can you put lipstick on a pig to make it more attractive?
Exactly @in4. As Charlestown said, ‘this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company.’ The share consolidation will make CEG attractive and, importantly, accessible to institutions.
GLA DYOR
This is great news, 20% premium for the shares and 45% premium the warrants. I’d expect other IIs to follow. How many shares are afloat? If that many relatively speak, there will a squeeze which will additional pressure upwards for the sp. Add the drilling in Argentina next month followed by updates on block 1 then block 3, the share price will keep an upward trajectory for weeks to come.
Point here is that there is no dilution element associated with the consolidation, unlike previous versions in this company’s history that Trolls will no doubt mention.
Many institutions are not allowed to invest in very low price shares so the move is likely to be positive by widening the net of potential investors.
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF), the exploration group focused on the Atlantic margin, said a £1.5 million strategic investment from Charlestown Energy Partners allows the company to kick off technical work on licence AREA OFF-3 offshore Uruguay at the 'earliest opportunity'.
So now we could see a deal like we have with Chevron in Off 1 playing out in Off 3 also. Good times ahead ...
ATB, GLA & DYOR
No, no need to worry, share value to goes up , number of shares goes down.
I'm sure there will be some trolls along to tell you to sell now though. Please don't .
ATB, GLA & DYOR
Should we be worried about this?
This is good news and l hope the trolls stay away. just think where we would be if we didn't have Uruguay. Eytan has done some good deals and at least we have a future and something to get excited about. Who would have thought we would be playing with the big boys. Been here since Leni oil and gas.
“Charlestown's investment, coupled with our low overhead and the attractive carry arrangements in the Chevron farm-out, puts us in an excellent financial position, with no need for further capital for the foreseeable future.”
Another Eytan master stroke.
GLA DYOR
Morning - Cant really see how anyone could put a negative spin on that - always look at the details with these kind of thing, but on review looks a very clever piece of funding and a very good deal for shareholder - once again the strengh of this underpins the SP and demostrates the institutional "want" to get involved. Great deal
I don't know what is worse. My beloved Man City getting beat on a penalty shootout by Real Madrid at The Etihad or being the whipping boy for a torrent of abuse by fellow CEG shareholders. For the record. I am not a troll. My friends and I are genuine investors, and between us, we have well over six figures in CEG, so I do feel I have a right to express an opinion. All I am saying is to be measured in your posts. It is a super high-risk share, as are all oil exploratory companies, but Eytan does look like he is doing the business after the disaster of Simon Potter. The deal with Chevron looks on paper to be very strong for CEG Shareholders. It is a binary company, so there is no mistaking that. If Uruguay fails, the lights will go out, but let's hope and pray that it doesn't. I, for one, would be very, very happy if they hit black gold in South America, and I wish all fellow shareholders Willow and Incendros included the best of luck. Final words be measured in your posts. GG.
https://www.***************************/challenger-energy-group-secures-1.5m-investment-from-charlestown-energy-partners/4121152219
Then warrants at 0.2 pence even higher than the 20% premium
Oh you sili man
50 to 1
More validation
Fantastic news. Robert Bose, CEO of Sintana Energy coming on board!
Absolutely FANTASTIC news
Challenger Energy - STRATEGIC INVESTMENT BY CHARLESTOWN ENERGY #CEG @CEG_plc
https://www.voxmarkets.co.uk/rns/announcement/1c1e5357-0fb3-4209-8d64-588f7052ebda #voxmarkets
😄😁