Member Info for foolsgold07

MCAP is now under half the value of the cash sitting on the balance sheet...12m.THis is ripe for takeover?

Just a quick note the appeal was registered before the 15th July...maybe some answers will be forthcoming ...anything positive or even a rumour will ignite the SP...

Have to agree the last few weeks have been disappointing.However as with any business new business development is never straight toward as new territory managers have to adapt and integrate themselves into the structure. As was recently mentioned in the proactive investors interview some tms m have been changed as was to be expected but we are now back to the 10/12 mark.The real growth driver here will be sign ups through the POS system { POSSIBLE 1000) with there initial tie up.Just need to give it time to really develop. I note the share is being shorted at present but this will likely change and very quickly at that.

The trajectory of this company suggests wipe out for pi,s as the company proceeds to a cash shell and then delisting ...The BOD need to provide real clarity as to future moniterisation of its asset and quickly otherwise it will continue to be a shorters paradise and eventual collapse

d,don't forget the american listing is to be terminated...

IT really could go either way, at this price if funding is secured and interest is shown its fair to say that there is life in this yet...the next few days should be interesting.

In the event that the process is completed as per the latest Contango (RNS) then upon completion of
legal transfer of contracts then the financial institutions will be advised of the transfer of assets and the
reverse transfer should be completed. Nominee holders and Crest will be advised and the holders of CGH
Shares will be amalgamated into the new entity at whatever share denominations have been agreed.
Bottom Line- if this happens with a listing to the MAIN market in October we should realize some value for our
shares.

Contango holdings, PR & Financial advisors....

The process is being worked on...notification to financial institutions once concluded...

Yes.Once legal paperwork completed we should receive notification of the
Number of shares all CGH shareholders will be issued with in the new listed entity. As CGH is the larger of the two companies this will be constituted as a reverse takeover. New shares will be at 5p.

The market cap is still only 3m...ratification approval will ensure mcap is multiples of its current position.

As predicted the share price will in all likelyhood maintain its downward momentum. There are no catalysts between now and 2020 to generate a bull run.

Hi Brom,
Within the public domain there are a number of Market commentators that provide indicators and analysis for 88e.
I am sure you are aware of these ...
I have been monitoring multi-sites to gain a perspective.
All the Best FG

The price has been drifting ever since the announcement ..........
The details relating to the farm out have in the most part been favourably, accepted by
market commentaries and indeed I believe that the often quoted transformational news
that DW has previously envisaged may well come true during Q 1 2020.
However we are in the realms of short term traders and market makers whose vision of
Q1 2020 is light years away.
Unless we have some short term catalysts (Ie moniterisation of Yukon -HRZ) then there is
every likelihood the price will drift.
I am very relaxed about 88e's current position as for once I believe that the company has a future
that may well become transformational during the early part of 2020.
The key with any share is the buy in period - I just happen to believe that without further catalysts
and with several months until we gain some serious news then there is every chance that the price will
drift. I could be wrong and as I hold a position here I am relaxed either way.

This is now being shorted

The decline begins, its now a bear market but opportunities to top up at lower
more realistic prices...

The longevity of the company would appear to be the main aim....
But this is not necessarily in the interests of the shareholders but does maintain
the excessive salaries and the lifestyle benefits that this brings.
The farm-out as clearly shown has not provided any uplift to the share price and as
a result of prior failures only a commercial recovery of oil will be seen as a positive and
a corresponding uplift in price.
There is now a 6 month wait at least until the likely results of the drill in Q1 2020.
Interest levels are likely now to tail off until then with a potential decline in price.
Very disappointing.

The reason for the increase is because markets are increasing price before
suspension on the basis today and Monday will be the last 2 days to get in
before potential re-listing (have 6 months). Once re-listing occurs we will be
looking at 200-300% minimum in my opinion.

Yes this is potentially ....>>>>
Outlook..Operating plan capital is now expected to increase to 6.3B which
excludes 0.3b for opportunistic acquisitions,,,,
Could that be us...here's hoping...

As a PLC under companies house rules and regulations the company has 9 months from
its Financial year end date (Which in the case of Carclo- is 31st March 2019) to file its
year end accounts.)