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JBT2007 - not this this discussion, but any discussion - he is completely clueless.
Yet again, misleading, have you no shame? There were trades at 0.29, what don't you understand about your term "the highest point in the past year" You clearly need educating you don't know enough to be participating in this discussion!
JohnBriggs what is your problem? and why dislike this company so much? You are just a complete prat without a clue
Yes very good as shares below 1p are restricted from purchase for some institutions, so the will mean those will be able to buy in thus creating more demand for the stock. Together with this the positive news flow to come will help the share price move even further north over time.
Oh you're talking about any intraday spike, now who's being misleading...
Becasue of today's news the investment from Charlestown Energy will cover the costs.
We have a risked NAV of 0.52p per share
and unrisked NAV of 7.1p per share.
Is this good for shareholders? 50:1?
gg, from a united fan ha. in all seriousness i have to filter through to try and find no bull**** posts and yours comes across very sincere, do you feel that this company is heading in the right direction. until we do or don’t hit oil that is.
You already know the answer to that JB, it was the day of the Chevron RNS as you well know. As I said last time can't you do research?
"pulled up on misinformation before"... LOL get over yourself.
Please tell us which date the SP reached 0.29 in the past 12 months for the cour records please, JBT
You've been pulled up on misinformation before JB. You know full well that the high wasn't 0.14 it was 0.29. Any chance of sticking to facts or doesn't that chime with your very clear biased agenda?
JohnBriggs, this is just starting we will soon be a lot higher. If this was 'nogo' why would Chervon be interested and now big institutations are getting involved like Charlestown Energy. This is nothing but very positive news for the company.
I know you do not hold but for us really share holders happy to wait 3 years and CEG will be a completely different animal playing with the big boys in Uruguay when we go to drill with the help of Chervon.
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?