Member Info for Antha

Zag, on the contrary when you are multiple 6 figures down you really have no choice but to ramp the arse out of it even though you know there's absolutely no chance of getting your money back. The clever people left this share ages ago.

Anyone buying today are just gambling their money away, the real drop will come when the next financials are released which will show the many Millions they are in debt, massive dilution coming to help pay for it all including the inflated bod salaries, almost certainly under 1p in the coming days.

I'm predicting -30% open and -20% close.

Interesting appointment, what you're getting is not only his talent but his contacts in the industry which obviously will open more doors.

My apologies, I thought you meant the 3% company ownership rule, the M&A rule is 1% which would make your holding about 7.8M shares x 0.06p = £470K and with a current paper loss of £345K, not so bad.

Starchild has given a few clues recently as to his current holding such as "approaching disclosure territory" and "average now being at less than 6p".

From that one can say his holding is nearly 3% of 789M which is 23,670,000 I like round numbers so lets round it down to say 20M shares or about 2.535% of the company.

His average is less than 6p, if it was say 5.9p he would say that so I would be inclined to say his average is nearer to 6p.

Simple working out of his initial purchase price is 20M x 0.06p = £1,200,000.

Current value is £320,000 with a paper loss of £880,000.

I remember someone here before the P1 duster rns had over £800K invested so if he's averaged down as well he could also have similar losses.

If I was in Starchild shoes I would definitely be contacting the ceo directly as to what the current delay is.

Please don't delete this post as it's neither abusive or libelous and Starchild has openly given this information out which I do respect.

Referring to the other thread on which investment option to take, ZPHR is classic example on why Option 3 is the preferred alternative as there's always better companies out there.
One thing I learnt when I first started investing is NEVER fall in love with a share and be prepared to walk away with a loss.

SC "I bought another 450,000 shares yesterday and approaching disclosure territory under rule 8.3 if M&A is on the cards"

In all fairness if you became a majority share holder and instilled yourself as ceo I am sure you would be far better than the last two even if it was just a daily update on what you had for breakfast, at least it will be some news.

As for the declining sp, obviously no news doesn't help but in general the whole market is in a bit of the doldrums at the moment and especially so for O&G companies.

Thebhoys, when I sold my bpc shares on 23 April to buy into other companies ZPHR was one that I suggested to others was a good share, at the time it was 2.811p it's now 5.80p, so for example if you had £100 on that date in BPC/CEG it would be worth £40 now (60% drop) as opposed to ZPHR which would now be worth £206 (106% increase).

It always amazes that wonga lenders like Hadron dump their holdings at the first opportunity just to get their few %, surely it's far better to first allow the rise and then gradually sell into it, that way everybody wins, unless they've dumped only to buy back lower or they've got a short.
My sp predictions for both SENX & COPL haven't changed just the timelines from one year to probably now two years, main thing is don't sell whilst it's low and be patient.

Great post icemax and well done for walking away with a profit. I see others are still trying to catch a falling knife, they will never learn.

In fact anybody who actually believes the Auctus note which icemax has pointed out was already out of date when published shouldn't really be investing in the first place.

Edgein, great post, obviously there's a lot of very disappointed people here but fundamentals and great assets always come though in the end in fact now's the time to load up, 2022 will be copl's year.

It's not nice losing money so I do genuinely hope S2 is a success but the company really does need to pull it's finger out and update shareholders far more regularly, no news = no sentiment = low sp.

Chesh yes I've gone full circle lol.
In hindsight Irene was 100% correct and I admit I was wrong at the time, I did later apologize to her/him, after the P1 duster my view completely changed and if I had listened to Irene earlier I would have saved myself a lot of money.

Yes that's definitely an ii taking a position, some interesting tr1's coming.

SC, what's the point of giving Galvy an honest overview (which he asked for) without also saying the negatives, i.e all the debts (many millions) CEG owes to various parties, etc.
Galvy, my advice is read up on all the last years rns's and above all don't listen to certain rampers who have consistently got it wrong.

Yes just like every other company has their own current liabilities, it's how companies operate and survive (without expenditure you can't make money) but the point is SENX is debt free as stated in the RNS.

Quote taken from the Interim Results RNS last week"The Company is debt-free and has adequate resources available to deploy capital into both operating segments to deliver growth and shareholder returns".

Current liabilities is not the same as say a debt to a bank or creditor, a quick internet search states the following:

"Current liabilities of a company consist of short-term financial obligations that are typically due within one year. Current liabilities could also be based on a company's operating cycle, which is the time it takes to buy inventory and convert it to cash from sales. Current liabilities are listed on the balance sheet under the liabilities section and are paid from the revenue generated from the operating activities of a company. "

I did, that's where I got all the figures from and converted them to GBP.

Over 2000 boe/d, annual revenue £23M, £4.13M cash balance and no debt all for a Mcap of £21M, these opportunities don't present themselves very often, this and COPL are absolute bargains at the moment.
Agree that Auld needs to push the PR a lot more.