Member Info for courtier

At the latest price this has to be a strong buy. However I have patiently held since the SRON days, and am really beginning to wonder if my feeble brain can sort the truth from the spin. Since the start of October the shares have fallen rapidly, so this is easily my "dog share". I understand the plan to build a well chosen and researched portfolio of gas mines and think the moves towards Indonesia are probably good. The newly acquired Lengo field is really the only example so far. What I cannot get my head round is the time-scales involved. One moment the profits are in the next quarter, then the next year and the then they seem years away. At least we are not starting from scratch at Lengo. I attend all share-holders meetings when held in London, and listen and watch carefully. Still I can never quite answer my own questions. Perhaps I am expecting too much, but I feel it is only what I have been promised! If any of you are able to offer some encouragement I will be honestly grateful.

I recommend WRES as strong buy because I am convinced by the photographs and projected production figures that we are rising to our market level at last. In spite of this I am now creaming my profits, £1000 a time, simply because I have other flames to fan. I kid myself I am not really reducing my holding, merely taking patiently awaited earnings, but really I have just reached my financial limit here and wish to keep to it. Like others I have no interest in selling below that limit. It remains hard work to sell even £1000 at a time, yet they call this a market!

I am a new shareholder in BT, having decided they are my next build-up investment. Every dividend or real capital gain I received in my share ISA from June has gone into BT. The reason is simple. I feel BT shares are at a low that belies the value of the company. I am well aware that many investors here have paid much more than my average of £2.30, and consider myself lucky to be starting from here. The BT dividend is excellent. You see the vans everywhere. I really hope that the latest ub-beat expectations prove correct but I am not usually that lucky. Anyhow I am a saver not a gambler so am here long term now I hope!

Thank you for your interesting comparison figures for 2016 against 2017. As you surmise we look to be doing very well again. Hopefully the share price will reflect this when we leave behind the currently uncertain climate. It is good to see the dividend policy progressing well.

I do not know Deepi in real life. Somebody was told off politely for recording and had to stop before CORO had their turn. Turner Pope said a video would be available but I could not find it yesterday.

I attended and was again interested to hear genuine enthusiasm for the company's prospects. It seems that Bulu and Lengo are real game changers for CORO in resource terms. And there is more exploration ongoing. It was all very encouraging, if only it could be reflected in the share price...

I have just looked at the directors share holdings in CORO. To my amazement, were I a director, I would be sixth on the list, but behind OGIF when they still held. It shows how easy it is to make things worse by attempting to trade down the price I have paid. At my latest average price of 5.2p CORO owes me less than it used... Thanks to all posters here. I do read most posts, most days, and find them helpful, and only occasionally annoying.
There is a sense of excitement here. Many regular posters and quite a few opinions. The move towards Indonesia is both a worry and a prospect. A worry because it is a change of scale as well as geography and politics. However I have decided to continue my investment as I cannot bear to waste all the time and effort I have put in to date, and I believe the prospects to be worth the risk.
Lastly, I have attended most of the London meetings for shareholders and I like and trust our leaders, they are human and real.
Were you look at my Selftrade ISA account CORO looks dreadful, but that is the chance you take with exciting investments.

I'm sorry but...

Theresa May
Boris Johnson
David Davis

to a person are each a clown of renown

I have held CORO for ages and have managed to reduce my average price paid to 5.3 pence. Coro is the only real loser in my ISA. Once again I am faced with new dividends going into my Selftrade share account. Do I make use of the current low prices, as I am sure Joe Creed would recommend in spite of his constant 'No Oppinion' heading. Or do I accept that perhaps I have already risked enough here. CORO is now my largest investment.
At the moment I hold shares in five companies. My rule is that at least three must be solid dividend returning investments. Two should be investments for growth, currently CORO and WRES, both companies well known to contributers here, and WRES is in the black in my account. I am seriously doubting my logic in continuing to up my CORO investment, and yet part of me is really committed to both these two young companies.
The price I need to recoup my losses is currently 5.3p, but adding to my holding now would reduce this to 5p. I know only I can decide but I felt that writing this would help the process, and I think it has. I will see what the price does over the next week and decide when I have the cash in my account next Tuesday...

My average purchase price for CORO is just under 5.3p. Like Sajhanif I am confident that market price will rise to perhaps 10p within a year. There already seem to be a few experts out there that are just as optimistic, and I expect the numbers to increase rapidly with what can only be good news to come.
To my mind it all hinges on actual production figures. The countdown begins with actual production while we take off with sales.
Of course a good market is important and CORO is perfectly placed to sell all it can find in Italy.
Just have faith in the gas, the company and the leadership. They have convinced me but perhaps that was too easy. Now convince the bigger buyers out there.
It looks as if somebody bigger is waking up to the potential James has already acted upon.
Good luck to us all...

Thanks Our House for putting me right. I cannot remember where I read that Sound is owned by CORO but I obviously found it somewhere. It was probably in one of the financial papers. My point is proved again though, that I should not be share dealing for fun or profit!
I am sure that those with the patience will do well here. Whatever you do don't sell yet!

This is the share I regard as my mistake, but I obstinately suggest it as a strong buy. I read this board often and recently everyone has become so much more optimistic. Trouble is I need the share price to be reversed, 5.3 pence instead of 3.5 pence. I have tried hard to average down my buying price but really cannot afford to risk any more here. Trouble is I still have a feeling that I am missing out on a low price opportunity. Oh well...
Sometimes I wonder if I am cut out for share trading. For instance, in spite of attending three or four share holders meetings I never realised that Sound and Northsun are both actual subsidiaries of CORO, I thought they were merely connected, through some company officers I suppose. I do not think such meetings to be over the top expense. They are well attended, and do offer insight to those more intelligent than myself.
I am really jealous of those of you lucky enough to be travelling to see and hear what is actually going on. Please, please tell us all about it when you return. In many companies shareholders are only offered out-of-date pictures
and fuzzy figures. Trips in the sun are surely better.

My ISA website is Selftrade. One of their headings for each company is Fair Value Estimate. The figures are provided by "Morning Star". They claim to look at the annual income of Lloyds and how assured that income appears at the moment. This morning the Fair Value is reported as 66.95p. This if it were to actually happen would mean a rise of just over 6.5% at current prices. Morning Star also estimates the economic moat protecting the company's future income. It looks at things like the competition, number of customers, ease of customer transfer, company history, costs and assets. A company that has a wide moat is deemed secure for twenty years. No moat means the income is deemed insecure Lloyds is given a narrow moat at the moment, better than no moat. I am no expert but 66.95 is obviously a likely result quite soon. How I would delight in 90p. I would be two thousand pounds richer...

KV3VMC. I suspect you already know that I am very happily invested in WRES myself. It is up nearly 8% and seems a very exciting prospect. I do not ramp either, not knowledgeable or rich enough. I do agree with you about the future of CORO, but in spite of considerable efforts I am 37% down here. I too looked very carefully at all the figures and am rather bemused at the sticky low exchange price. What really won me over were the assets. Very good mines, feeding an excellent European market, and actual production, 'already', 'imminent', or 'soon' ( I can never quite sort out CORO timescales ). I quite like having pictures as well, they are worth a thousand words. All I need is numbers, a 40% increase. I cannot afford to invest more here, without it. Join the chant:
"Sara, James, James,
Cease the games.
I'm hooked I confess
I need an RNS
Remember CORO
rhymes with tomorrow."

I am more convinced every day that we are lucky (skilful) investors. I am sure WRES will be a good mid-range mining share within two years. I am aware the share price is only just lifting off the bottom but I hope it will be upward from now on.

After the renaming the share price dropped badly. I have just been looking at the graph since June and am both surprised and pleased to see it trending up. Only slowly but still...

K3VMC, I have read many of your CORO posts on this board and found them interesting and helpful. Really sorry you feel unable to remain invested here because of changes in company aims, especially as I would not have invested here without your regular posts. I will miss your sensible contributions. Having carefully looked again at my own situation I have decided to stay invested, mainly because I have put so much time and effort into watching CORO. I would add that my share site, Selftrade, gave me much trouble in buying my holding. I had to buy in tranches over two weeks and accept the small extra costs involved. It seems you are facing the same liquidity problem?

In the light of recent posts:
Parsnips may be delicious but are they really as exciting as WRES, platinum, gold or even pictures of great machines...
All are better reasons for excitement!
I am surprised and delighted to be showing 4% profit on one of my two higher risk investments. I patiently wait for CORO to follow suit but that needs an increase of 35%. Patience, patience...

I first bought SRON shares in April 2017 having heard the always upbeat Michael Masterman at a shareholders meeting. I paid 8p per share and since have consistently tried to reduce my average share price by trading at what I hoped were low prices. It has taken a year to reduce my average CORO price to 5.3p. I am currently sitting on a loss of 35%.
That all sounds pretty grim and yet I still believe that patience will show me a worthwhile profit. The expert brokers do not agree with me and do not expect a price higher than 4.5p.
There is production beginning in Italy, where gas prices are strong. I tried to calculate the value of gas production and my amateur figures showed real profit potential. However the board seem very enthusiastic about plans in Southeast Asia. We just have to hope there, as plans are still at the exploration stage. I feel real progress in the share price depends very much on getting gas flowing. Perhaps I am too trusting but I feel a year will make a big difference, and hope that flows from Italy will help fund the new explorations in Asia.

My dividends from BT.A, LLOY, SSE, and CNA are all going into WRES this Autumn. It will cost me as they will not be going to increasing the good dividends of those companies themselves. However they will be enough to purchase another 9000 WRES shares and I feel that the possible share price increases here will out way those dividend losses of about £180. Only the future will tell... If my sums are correct an increase of .02p in a year will give me back my dividend losses.