The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Lll you keep telling others to keep it real , the reality is you need to keep it real with yourself first...
Rugby imho if we get anywhere near 1600 bopd by end of this year which imho is a extreme big ask the sp in my opinion will be 14p ish if the share allocation is the same as today & poo. Personally I think it will be somewhere around 1200bopd hopefully....10p ish.
/3 probably more realistic
Garnheim you taking the pip????
Chesh no need to explain why you bought in....many a rugby player has the same problem..:-)
Columbus ERP Columbus ERP @Columbus_ERP � 3h Continued focus on capital discipline with cash balance of US$4.1 million as at the end of Q1 2018 and outstanding loan balances reduced to US$0.96m. Cashflow positive position maintained from operations delivering US$0.70 million. See full results here: (link: https://goo.gl/YbJfne) goo.gl/YbJfne Columbus ERP Columbus ERP @Columbus_ERP � 4h In Q1 2018 we delivered value growth production, we delivered solid cashflows, and we delivered the South West Peninsula (�SWP�) transaction on improved terms, all of which positions #CERP to move onto the next stage of exciting growth opportunities: (link: https://goo.gl/YbJfne) goo.gl/YbJfne
Columbus Energy Resources CERP has announced a Q1 update, most things appear to be going according to plan which is why the share price fall is somewhat difficult to understand. The re-negotiation of the SWP deal on �materially improved terms� is a success as this will play an important part in the company�s future with its many prospects, a number of which are substantial. Maybe the reason for the weakness is to do with the production numbers from the Goudron field which for the time being is the producer of cash flow for the company. The production numbers were; January 427 bopd, February 541 bopd and March 542 bopd which one way or another were deemed to be � a solid production base within 2018 guidance and despite technical challenges�. I suspect that this is where the misunderstanding lies, it is not obvious to know quite what the 2018 guidance actually is amongst phrases such as �peak production� and �high case targets� which also confuse the February peak and Q1 numbers. Nevertheless the cashflow is positive to the tune of $700,000 in the period and there is cash of $4.1m which enables the management to look at a number of �accretive� acquisitions in the Caribbean of in South America. Management of CERP is of a very high quality and if they say that they are focused on achieving at least one material acquisition in 2018 I wouldnt bet against it. I'm glad he's sorted out the little misunderstanding......
Lgofan it's fine saying sh should use their brain power s bit more but so should our ceo. He should be more clear in media interviews when he says nearly doubled he should have made it clear what he was referring to....peak production not average production....many sh put two and two together but unfortunately came up with five.
Payments made in share allocation another disappointment imo...
Avg 540 if we take out Jan......slight increase on qtr 4....must just have been me expecting a bit more....disappointing but at least we haven't gone backwards.
Lll you need to try much harder. Nothing is infallible but the proper interpretation of the 3D data is a critical step in the process of hitting oil....the Germans.obviously arnt that good in that respect. You really are scrapping the oil barrel here....
About 5000 miles in the wrong direction
Lll your reason is based on a well that was drilled 65 years ago. You little Pioneer.....bet you drive a Ausin Allegro...time moves on my friend....GL with your trading technique...as underhanded as an Australian bowler IMHO...
Lll aka tumbleweed still awaiting your response...Please explain or justify your quote...." I have reason to believe that a deep drill on the SWP could have a similar outcome"
In4c cheers for that. That Arry is a card....reminds me of someone. Seems to also moment on Cerp....hmmmm. 27 MARCH 2018 Ariana readying next gold move Ariana Resources (LN:AAU) can no longer trade on being a new gold producer. With close to a year of production at its 51%-owned Kiziltepe mine under its belt, investors are now out for more from the �13.7 million (US$19.4 million) capitalised company . One can see that in the company's share price performance. After hitting a five-and-a-half year high in February 2017 shortly before pouring first gold, its stock has headed south. Its share price is currently 40% lower than this peak. This is despite its operating mine performing well - throughput is ahead of schedule and ore grades at the main mining pit, Arzu South, have been higher than expected. These factors saw the company produce 10,191 ounces of gold and 65,600oz of silver last year from a little under 10 months of output at Kiziltepe. Production is, again, due to track ahead of its feasibility study plans in 2018 as the company shifts focus to gold-only reporting. Some 20,000oz is expected to be produced at an all-in sustaining cost of around US$600 per ounce. The recent performance of the plant bodes well for the company sustaining that 20,000ozpa even when the average ore grade drops next year with a move into new satellite pits. Yet, shareholders want more, which fortunately the company looks to have. As a 50:50 joint venture partner with local company Proccea Construction, Ariana is entitled to half of the production from Kiziltepe, which is part of the wider Red Rabbit project. Red Rabbit is a lot bigger than the Arzu South, Arzu North, Banu and Derya openpits that make up Kiziltepe. There is the Tavsan asset, made up of five mineralised zones, that could add another 30,000ozpa to the joint venture operation. Ariana is also carrying out resource drilling on the Kizil�ukur asset, which currently hosts 33,000oz of inferred resources averaging 2.11g/t Au and 73.4g/t Ag. There are three other assets that could also move into the production ranks from Red Rabbit down the line. Ariana - posssibly realising the trouble it got into with ambitious deadlines in the past when permitting problems scuppered its targets - is not making bold calls on when all of these assets could be producing, but it at least plans to be mining the Tavsan deposit in 2020 and ramping up to 50,000ozpa at Red Rabbit. What many investors are looking for is updates on another asset north and east of where Ariana is already producing gold in Turkey. The Salinbas gold project is situated on what Ariana refers to as the "Hot Gold Corridor", being just 4km south of the 4 million ounce Hot Maden deposit. Investors in London and North America know Hot Maden well. Up until last year, Mariana Resources owned 30% of it and was regularly reporting the sort of mineralised intercepts geologists dream of.
Lll please explain or justify your quote...." I have reason to believe that a deep drill on the SWP could have a similar outcome" I take it you've seen the surveys and must have a greater knowledge than Mr Koot.
Cs agreed. Has to be one or the other give or take 10% (nearly double). "Average production from Trinidad in Q2 2017 was 327 BOPD, with production at the end of the quarter significantly affected by Tropical Storm Bret, the worst storm to hit Trinidad in over 10 years. Operations at the field have re-commenced and production has subsequently returned to pre-storm levels of between 380-420 BOPD"
Aye aye Captain Qtr 2 was 327 but was knocked by Storm Bret.Pre Storm Bret was 380-420 bopd. Production for qtr 1= 722 bopd assuming 90% increase on 380 bopd
A good knowledgeable poster...
As I said another 18 months of you posting....je despair...