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.
Your right about the schroders effect on the SP........... RSi dipped into oversold territory on the daily chart, sub 30...........!
and so a good time to buy........ IMO, if you believe that is :)
All the best (opportunity is still there for a swap mind............. GL :)
You could be right, Chesh,....but we have uncertainty, here at CERP, with Schroders selling (potential overhang), depressing the s/p level,.....also, I'm already holding, a good size shareholding, in PRD.
BW
That's some swap over in PRD Vs CERP ratio wraith.........!
I don't hold any PRD, but would think that on successful CO2 results that they'd take off first and faster than CERP............? giving an opportunity to swap over investment ratio from PRD profit to CERP.......?
All the best (unless Saffron result come in before obvs, blows all out of the water then :)
fish included.......... :()
"When the Market can't see the potential that's the time to buy.",....I had been holding light (3.75 PRD shares, to 1 CERP share), here at CERP, Bamps21,....I average PRD & CERP s/p, giving me a joint Gross average s/p, across the two shareholdings (which is very low), so for myself, it was time to increase the ratio, in favour of CERP (without selling any PRD), my ratio is more balanced (1.73 CERP shares, to 1 PRD share) now.
BW
Don't you worry there karlci...........!
the much under water (c.74p ave), gill flapper has forgotten that post.......... :)
Forget gravity, the pressure of the water over head is the beast........... :()
All the best (for the Fish :)
Hi neon
There is a similarity with Cerp and ITM, that is ITM we're in the doldrums and went from 40 down to 20p with lots of potential. The last 6 months has seen a buy in by the German company Linde who bought out BOC (British Oxygen Co), so from 20 to 125 wow.
Why the similarity well Cerp are meandering from one upset to the next but they've probably just proved up their prize asset if it gets to anywhere near the 20m recoverable reserves the majors will be after it. A joint venture would propel the sp.
If it doesn't happen with Saffron it certainly will with one of the larger targets.
In my opinion it's not one to sell.
I can't see us being bought out the majors want the small companies to take the risks and they certainly won't want the likes of Goudron or Innis
ATB:))
Just a 0.1p drop (to 2.5p) and are you still in Fishsheds, will you give it a pass?
All the oilies are up, txp, rkh, pmo, enq, cna ... bamps21's itm is still rocketing, its just us down. Even PRD is at 6.05p.
lol
well, what is down has to go up at some point.
GL all
Bummer! The market just saw your post . Going to have to wait until they have forgotten about it before I can top up again, lol!
AIM has taken a bit of a beating since end 17. Something to do with lack of credibility and too many pi’s having burned their fingers. Moving away from AIM is not the magic bullet to all Cerp’s challenge but will help. Normally pi’s would buy in here given the longer term foundations look very appealing but investors have been burned and are thinking twice before they jump on board: they want to see something concrete before they do so. They won’t do so until they see a convincing RNS re Saffron. NAVs, whilst sensible, measurable, logical will not tell anything too pi’s. They only get bopd’s (at a stretch!).
Your welcome faz7475.
BW
When the Market can't see the potential that's the time to buy.
What is our potential-
Good flow rates at Saffron around 200 won't necessarily lift the sp on it's own but it may spike. The $50 revenue per barrel will help
Our oil reserve asset as a group will double over night with Saffron at 11.5m barrels anymore should also spike the price
Moving the recoverable reserves from P50 to P2 or P3 category on confirmation will be the biggest mover, increasing the NAV value of the company considerably.
The Market won't be able to ignore the NAV value.
Then there is Innis and Suriname to come
ATB:))
GRQ - if it was a few hundred bopd wouldn't that produce a sizable increase in revenue and wouldn't that mean a bigger increase than you estimate?
Faz,
We are only under valued if we have a valuable producing asset, and as of today, we don't.
When we were hovering at 3.5-4 pence I was happy with the thought the Saffron well might produce less than my guess of the poll but if it only churns out a few hundred Bopd we won't see any seismic rise. Probably 5-10%, which isn't a great leap from where we sit.
I'm obviously keen to be hugely wrong and welcome the return of 6p+ as that will get a lot of us grey hairs out of their woes.
Have a great weekend all. And be kind to each other.
GRQ.
Morning Wraith. Thank you for that pal.. appreciated..
The Saffron well is where it all lies at the moment. This will be the ice breaker and will get the CERP ship moving again. At the moment no one wants to know, which is a shame as this is massively undervalued ..
Taking their low (428.3% increase in s/p), of s/p@14p, would give us a Market Cap of £118.72m, by my calculations (848m shares in issue),....as to current Market Cap of £22.472m,....looking at last update RNS's, on CO2 project (PRD), & Saffron Well (CERP),....be interesting to see, where Mr Market takes the s/p, if we have very good updates, on both.
BW
Hi faz7475,...they have the high at s/p@21.60p.
Source: https://markets.ft.com/data/equities/tearsheet/forecasts?s=CERP:LSE
BW
Can anyone post that FT article that had CERP as a buy and a 22p prediction set.
Thanks
There’s a lot of ‘knowledge’ to cross reference their findings.
British Oilfields Trinidad Limited (UBOT)
which eventually became the Shell company after taking over the Parry lands prolific discovery’s and which later discovered the Soldado field are areas Not too far away.
I think using words such as 'knowledge gained,' 'potential', and 'future appraisals' without including any expected numbers on 'net pay' has scared off some people.
Did we actually find something commercial? Or did we just spend $5m confirming something we already knew: that oil is there but is hard to extract. Nobody seems to have a clue
Well the selling has eliminated a quick trade and provided an opportunity for anyone who trusts and believes in the BOD.
when such a positive RNS
Columbus Energy completes drilling of Saffron well in Trinidad
09 January 2020, 08:42
Source - SMW
Oil and gas producer and explorer Columbus Energy said it had completed drilling at its Saffron well, onshore Trinidad, and aimed to carry out all tests on the well in the first quarter.
The oil and gas producer reached a targeted total depth of 4634 feet for the well as planned and drilled multiple sand packages with high sandstone content and multiple oil shows.
The full potential of the well would be evaluated in the coming weeks, with testing expected to be completed in the first quarter.
'I am excited that we have encountered multiple sand packages and multiple oil shows to TD, as we had hoped, including in the Lower Cruse which was our primary target. I believe this confirms the potential of the South West Peninsula,' said Leo Koot, executive chairman of Columbus.
At 8:42am: (LON:CERP) Columbus Energy Resources Plc Ord 0.05p share price was +0.25p at 3.5p