Member Info for ARahim

When finance boys try to solve an economic issue then what is going to happen is a catastrophe. look at Argentina, Lebanon, Egypt....and the likes. Syme is a set of finance boys, they will never recognise the structural issues they have.

down down and down. Change gov or die in the abyss. finance engineering works only when there are no structural issues.

At the moment only share holders get the kick.

Mcap 24m for no income company

raise and raise again till drop under weight

61 billion shares so far.

0.04p is over priced

given current state of affairs this should be 0.004p a share and 2.4m mcap no more.

false hopes in 'finance company' is the driver of speculation on this dog.

sell sell sell. do not trade this dog unless it is bellow 0.02p as it may bark again.

Mcap 4m????

4 major deposits each could make a company on its own.

Victoria: investors should stand by their beds!!!

fair price before JV in any of the four location should be 40m mcap, that is 2.8p not 0.27p the current price.

ECR should focus on one project and take it to final stages and get value back to share holders.

listen https://youtu.be/WkCvrNXKTOQ

tiny investors are here trading the 10 % margin and selling false arguments to novices.

Those sold out today may regret it tomorrow as there is nice buys on the bag ground. This may bounce back to 1p or higher.

23-Jan-24 16:29:16 0.287 1,738,675 Sell* 0.28 0.30 4,990 O

23-Jan-24 16:19:04 0.2889 300,000 Sell* 0.28 0.30 866.70 O

23-Jan-24 16:04:39 0.29 598,166 Sell* 0.28 0.30 1,735 O

23-Jan-24 15:58:06 0.281 500,000 Sell* 0.28 0.30 1,405 O

23-Jan-24 15:56:45 0.281 500,000 Sell* 0.28 0.30 1,405 O

I can easily guess who they are but I leave it to them to spend the night on it.

How much the asset sale would bring to the bank?

It wat 0.04p when George injected the new hope and sp jumped to 0.60p. Now it is heavier with new shares and warrants and little finance left. What is the sp going to do next? 0.04p again or much less given the new acquired shares since then.

With tons of warrants at 0.03p, what chance this has to break loose?

Unless Exon Mobile decide to start work on their licence in the area, this one has to go down with the difficult muddy and unsafe African in land ventures.

News: Hired rig, start digging, then results. Too far away for this sp to stay where it is today. It has to go down before confirming any positive results. and they have to be of a good magnitude given the risk level.

Alfresco, that is another obstacle in the way as he will be firsts to be served when copl recover if any chance of that. As I see it the 2.5m are not going to last longer and we may need to beg again for his help and we give him warrants at a much reduced price. at best we are stuck here unless sales of assets prove to be worthy.

New investor sold most of his shares and still has all his shares through warrants at 0.15p.

in practice he invested at a very low price may be 0.02 or less according to how much money he made from selling his shares.

current price is well above the real investment price. this is why they still selling at profit.

Long term investors buying at this level are likely to make a horrible loss soon.

The holder still have 80 million shares. This suggest they being selling all the way through.

This is not correct thy did not buy to male a loss. They sold above 0.15 and since then small PI's being selling till 0.03.

I guess after that the new holder built a new position with 80 millions and pushed the price up.

This RNS does not tell the truth about what was happening.

They are trading this share now simple.

For sp to move north we need to find a nugget the size of a football stadium. Few meters from surface. When the drill finds it, it will send a sound everyone will hear it and run to buy ECR.

The mother of all nuggets.

we can wait.

The BOD may be correct in what he said but shareholders does not mean existing share holders. As you said they need to raise serious cash and with it existing share holders are likely to loose 80 - 90 of their value in the next cash raise. That is 5 to 10 millions to buy new licences and start working on them.

He definitely mean future shareholders not the current ones.

This sp price is as inflated as hell. it will come seriously down before it serves the new shareholders purposes.

Since you know qiyan alayl and you intend to rob folks with your mates. GBP has no cash do develop existing licence as it is deep under water. Exon Mobil our neighbour does not show any interest in the area at the moment. TRP has The easiest licence and yet they can't drill it simple. tell me what GBP intend to do with the existing licence? are they going to drill it ?

that need a lot of cash not available for GBP unless they loose 99% of their equity for the new jv OR

are they going to raise cash to buy a new licence and raise cash to develop it again and again till sp is 0.000001p

you and your bunch have nothing to do with qi yam. you are just another bunch of thieves thinking new investors man not know the trouble GBP is in. I've being following this for years. Now you and your bunch come with the new management thinking you can fool the lot. devil work.

It seems all the negativity was thrown on copl. Now it is the time for some positives.

May be assets are worth more than the slim 50m

The deal at 0.15 will hold and wait to be confirmed.

copl not to the wall after all.

Don't listen to ****roache 999. they just pumping and dumping crue.

here is what GBP up to.

They have cash for few months wages and rates.

but,

They need cash to keep the existing licences.

as the existing licences has no short term solution, they need cash to buy a new licence.

They need cash to do some work on the new licence when they buy it

only then we can see if it is successful or not.

expect sp to drop to 0.02 or 0.01 after all these dilutions.

GBP is 2 years behind TRP as they have licences in the same area. TRP bought new licences inland and still finding it difficult to even hire a rig given roads conditions and safety.

only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.

GBP need at least 4 -5 placings before it could show any positive results. PTR was in GBP position 2 years ago look at it now.

It has a licence close to GBP and it is aware there is no future with that one. PTR bought another licence in land and it spend one year looking for a rig to start digging there but it did not find any because of the terrain and safety issues.

GBP is likely to do the same and fall in the same trap again.

so expect dilution to 0.000001p or less.

There are a bunch of new investors trying to make their money using twitter form time to time and make 30-40 % on spikes. that all the story.

Is the 0.03p bond barrier on the menu then. This could be reached by Friday. At this rate the target tomorrow is 0.04p.

why on earth would someone want to change 0.15p by a lower target. The lander of course want to but the CEO does he have bones or just a bug of ..

Inflation, dilution, coin clipping it is all the same. Even nature do it. It is called weathering away. mountains are formed because earth is to flat to bear fruits, then mountains are weathered away to create silt and riches somewhere.

it is make and remake. The king is dead. long live the king.

I have my sodium chloride nugget too. It may come handy.

Some are sitting on the side and crying. I understand what they are after. a good discount.

some are claiming to be in but still crying. Are they planning to loose their investment to the last pound?

Strange the behaviour of some investors sometimes???