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where
were are the saffron test results? $25m company valuation is $15m lower than at the time of the October 18 presentation - only now we have achieved the companies biggest objective - oil in SWP !! It stinks !!!!
yes i did bigmj - they lacked content. It was more Leo making an enthusiastic sales pitch. watch this again and tell me if we should believe any of it a second time.
https://www.brrmedia.co.uk/broadcasts-embed/5bbe1862269b0c1ded1897a0/event/
I disagree, didn't you see the interviews that were done a few days after I posted this message
A bird in the hand is worth two in a bush Cars. We rolled the dice once and hit our oil in the SWP "we've found what we were looking for" - Leo Koot April 20. After years of being told how exceptional the SWP commercial terms were. In the SWP they were to pay no royalties until 10m barrells of oil had been recovered, and instead of 50% revenue to cerp / 50% to government the SWP terms were 82.5% to cerp / 17.5% to government! It was a company maker!!! at $40 per barrel that is still $33 to CERP for the first 10m barrels extracted! WhyTF are they throwing in the towel now...?
All LTH CERP holders should re-watch the company presentation from October 2018 - its a mixture of heatbreak and anger i felt!!
I agree with you Willec. I'm a holder in TXP and see the similarities. TXP was a risk and reward share, now at 58p and will be a lot higher soon. If things pan out later this year I see no reason why the Cerp/BPC price won't be, as you have posted, 36p. I bought in to CERP on the back of Leo Koot. It was a tough call as I've ignored the ridiculous VSA predictions of 20p plus (had my fingers burnt with Andrew Monk's delisting of VSA Capital a few years ago and tend to avoid anything he / VSA is involved in) but just felt what Leo Koot was saying was right and would work out, which it did with the re-boot of the business. To get us to the next stage M&A was the right decision to fast track / grow the business which is why I think the BPC / CERP merger is a good one. Brighty
Sorry about the “what it comes down to” twice. One was referred to the benefit of BPC for CERP holders and the other was referring to the Merger as a whole for both sides.
The problem is with you Harry is that you keep asking for more information. They are not allowed to add anything else that is not currently in the public domain until after the vote.
Their is plenty of information around you just have to look for it. The companies together have a better chance of success and better funding opportunities, that is what it comes down to.
Loads of information out there. What it comes down to is do you want the risk of a large drill that the merger will help fund.
At the current oil price CERP will struggle on its own and Leo will probably leave if this merger doesn’t happen. The BPC drill gives CERP access to one of the biggest possible oil reserves undiscovered at this time. I feel it is time to take the risk.
Hi bigmj, your post from 11th June.
'Expect to hear more about the deal in the coming days and weeks'.
with respect Mike, we know nothing new about the proposed merger ?
.....agreed fellas, I can't make an informed decision on a lack of information. :(
Sharp and to the point Razorman (no pun intended) Couldnt have put it better myself. Post recommended.
Holding 9m shares - either voting no or at best abstaining. Undecided at present. Too many people spouting what they hope and a lack of credible reasoning for the merger - both BOD just saying trust us, but I don’t trust either.
No didn't cost me anything to vote and shouldn't as it is your right
I have enquire about the voting to my broker and apparently there is a chrage of £20. Are you guys get this charge?
Sorry forgot to mention you can email them also.
If your shares are held in a nominee account/ stockbroker all you do is call them up tell them what your voting on ie the BPC/Columbus merger, the date of the meeting, how many resolutions there are, how you want to vote, they will do it for you.
After merger - there will be back to back news on funding,, partners, plan change and holistic forward strategy statement.
There is a lot that cant be said yet by both boards, but this is going to be massive imo.
Bahamas Petroleum Company (LON:BPC) is in the final stages of completing the funding necessary to drill its inaugural exploration well (Perseverance-01) offshore Bahamas, which it expects to spud in the second quarter of 2020. The current valuation is inline with its peers, but with an estimated 1,030mln barrels of Prospective Resources (UBEST) targeted by its first well, a successful discovery will see the potential to see fair value rise to $1,014mm (36p/share), over 10x the current share price.
Irene, Sis...which way are you going to vote? I'm a bit curious to know how my family will vote with your cerebral rationale.I know gran will vote YES based on the probabilities of success and the current exchange rate between pound sterling, US dollars and the Indian Rupee. xxxx
For those of you who are trying to vote: you need to click on here, download the proxy form, fill it in and scan it back to your stockbroker.
You'll notice that one of the votes is for electronic communication to be the norm from now on.
PLEASE SPREAD THIS ON OTHER BOARDS so that holders can vote of they want to.
Go to the following website:
https://columbus-erp.com/investors/scheme-of-arrangement/
and look for
13.8 - General Meeting Proxy Form
For those of you who are trying to vote: you need to click on here, download the proxy form, fill it in and scan it back to your stockbroker.
You'll notice that one of the votes is for electronic communication to be the norm from now on.
PLEASE SPREAD THIS ON OTHER BOARDS so that holders can vote of they want to.
Go to the following website:
https://columbus-erp.com/investors/scheme-of-arrangement/
and look for
13.8 - General Meeting Proxy Form
Thanks Starchild & Alexia93, I'll do that this evening ;o)
I had expected a link from them in corporate actions, they don't make things obvious!
This is going up very nicely now after so much good news
CERP Directors own (I think) 24,680,318 out of 935,053,344 (2.64%
BPC Directors own (I think) 15,820,000 out of 2,483,776,085 (0.64%)
This does not look right too me - anyone got better figures that this