RE: Problem is CEG won’t have funds for drill18 Mar 2024 20:28
M & obviously Wise! Thanks.
I genuinely believe that the Sword of Damocles is hanging over the SP due to precedent.
Quite rightly, Investors (prospective and actual) who almost certainly are ALL relatively small PIs are extremely nervous about The Bahamas meltdown and failure.
I DO NOT RAMP and never have RAMPED this or any other share contra to KING JB's assertions.
In fact this is the only share on AIM I have ever been involved with and that was because of Alan Burns's reputation.
I have been in this share since 2010 - bgt @ 4P - sold @ 23.5p a year or two later (only small.)
Bgt again @ an avg of 2p over several years and held until the eventual demise on "duster."
Lost 6 £figures.
I now hold the same amount of shares I held @ "Bahamas duster" @ 0.001475p having avg'd down.
I believe that during Covid Simon was quie simply smart to steel a march on the Big Boys who were all
working from Home and getting paid daft money so to do.
To get the second licence was nothing short of miraculous.
N.B. Simon having worked for BP or Shell was Alan Burn's protege 20 years ago.
Someone had to take the fall for the Bahamas failure. See ya Simon ----Not really - still totally involved - he is a geologist!!
I've had 40 years in the "investment" business professionally and have not really been quite as excited as I am now about this Uruquay project for potential.
The thing that gets me a bit (not much does to be honest) is that quite rightly small PIs are warned about getting too carried away. However, sometimes , maybe 2-4 times in your life you get an oppurtunity and its worth a shot with what you can afford.
This is not advice to invest!!!
This is advice to make your own decisions; DYOR and IF you can afford it have a dabble.
This IMHO just might me one of those "times."
Just do Baby steps - couple of quid and wait, then get a feel and maybe a bit more.
Anyway guys i am just trying to help with the benefit of experience on both side of winning ang losing in this share.
GLA
IK.