Member Info for get_rich_quick

I did note the additional world "evaluate".

I'm just too long in the tooth to know these drills generally go to the wire when waiting for results.

I expect the whole length of time to be taken, just as I expected the spud news to go to the bitter end.

As mentioned to Mr Magoo - delays are inevitable. A long with selling / buying nerves.

See you all in 45 days.

Sadly LGO-FAN, I don't have the cohones to top up..

I understand Mr Magoo.

In my mind, the spud is always going to happen - whether there be a day or a weeks delay.

Approvals are surely complex matters with Environmental Assessments as each drill is on its own merit.

All I mean is; if people sell it's their choice.

I'm holding for this drill results (I didn't think it would take around 40 days) but for me, as an investor, I'd rather stick this out.

This well is an Acid test for me.

All the best.

"HOW THICK SELLING EARLY..... Must be desperate".

Mr Magoo,

You've chastised others for their rudeness, which you qualified by calling them a "twonk" whoever is selling, I am sure they are doing so for their own reason.

It certainly doesn't mean they are "thick".

https://simplywall.st/stocks/gb/energy/aim-cerp/columbus-energy-resources-shares/news/when-will-columbus-energy-resources-plc-loncerp-breakeven/

When Will Columbus Energy Resources plc (LON:CERP) Breakeven?

 Simply Wall St  October 16, 2019

Columbus Energy Resources plc’s (LON:CERP): Columbus Energy Resources plc engages in the exploration, development, and production of oil and gas in Trinidad and Tobago, Spain, Cyprus, St Lucia, the United States, and the United Kingdom. With the latest financial year loss of -UK£3.1m and a trailing-twelve month of -UK£2.3m, the UK£35m market-cap alleviates its loss by moving closer towards its target of breakeven. As path to profitability is the topic on CERP’s investors mind, I’ve decided to gauge market sentiment. In this article, I will touch on the expectations for CERP’s growth and when analysts expect the company to become profitable.

According to the 2 industry analysts covering CERP, the consensus is breakeven is near. They expect the company to post a final loss in 2020, before turning a profit of UK£3.5m in 2021. Therefore, CERP is expected to breakeven roughly 2 years from now. In order to meet this breakeven date, I calculated the rate at which CERP must grow year-on-year. It turns out an average annual growth rate of 119% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

I’m not going to go through company-specific developments for CERP given that this is a high-level summary, though, take into account that generally oil and gas companies, depending on the stage of operation and resource produced, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

Before I wrap up, there’s one aspect worth mentioning. CERP has managed its capital prudently, with debt making up 2.3% of equity. This means that CERP has predominantly funded its operations from equity capital,and its low debt obligation reduces the risk around investing in the loss-making company.

IN4,

I'm oddly flattered you remembered my Law background.

Golly. You're making my font blush...

IN4,

I do admire your resilience to try and communicate with Ross.

He has been droning on and on about a placing for almost 12 months.

It's an obvious speculation for any AIM company, and undoubtedly, when it does happen, the gent will be wearing his sandwich board, ringing his bell, telling folk he told them so.

His predictability is what makes him transparent.

Clocks and twice a day and all that...

Then I apologise for the grumbling comment.

Petersalkeld,

Are you serious? You've commented about not knowing enough information and wanting a camera available so you could see progression and what's going on, and now there is a detailed report you're grumbling about who they are targeting?

Oh my goodness.

£120k down to £1k??!!!

Ha ha - had to laugh regards the window comment.

I'm pleased it all came good for you.

There will be some big investors who are more than happy to invest a large sum of money in this murky part of the stock market world.

And then, there are some chaps, me included, who over exposed ourself, got caught with a falling share price, in the hope of turning it around.

Adding £500 every month, soon turned into tens of thousands 2 or 3 years later - and then, the share price keeps dropping and the true realisation comes crashing down.

I wouldn't wish for anyone to lose their money. And that includes friend or foe.

I just truly don't understand why some folk would want to come on here, and in my view, regurgitating negativity can spread afar, which I believe they know, so in turn, they are assisting with good folk losing their money.

Yes - we chose to buy or sell, but having an unnecessary knife plunged further into our backs (and wallets) seems incredibly distasteful and inhuman.

I just don't understand a person's desire to try to harm another.

Oh well - sunny side up...

Sadly - this version of Warren Buffet won't be turned into a millionaire.

Yep - I was here before the 2008 stock market crash.

I watched many share, that was always unfairly raised, through hype alone, and I watched them sink.

At my worst - I had £32k in here, and at its lowest, it was worth about £4k. I cried. I laughed. I drank. Actually - I still do that....

I took the bold move to add another £10k when the share price as about 0.2p and I averaged myself out.

I still have £12k in here - currently value about £7k.

In hindsight I should have pulled the whole lot out when I was at break even and I had my £32k back but, that green eyed monster seduced me...

Rightly (or most likely) wrongly, I part defended Mr R.

I openly told others that he was good with communicating with me about the business and it's progression, which I know, at times, a grey area was touched upon.

I know John was heavily vilified and burnt at the stake for his communication with Mr R but, if Mr R (innocently) shared more information than he should have to anyone emailing them - then what ate they going to do? (Obvs not promote LGO whilst secretly selling....).

Anyway - all my defence of Mr R I learned absolute zip and, probably not to get too friendly with CEO'S via email - that's a red flag I should have known from the start.

Consider me "shut".

And I've (sadly) been here 12/13 years - not something I wish to be proud of.

This is one of those scenarios where anyone, from a distance looking in, can offer criticism and say what should or shouldn't happen.

Everyone becomes an expert all of sudden. No matter the role. When something doesn't occur or happen the way that is first suggested or received, then the critics appear, huffing and puffing and parting their wonderful wisdom.

The boss gives information to feed the market, feed the investor, but they don't have to provide every minute detail along the way if they encounter any minor occurrence.

As much as we want to know, a slight mechanical issue (whether bolt, adjustment, preparation) whatever, as in life, things don't always evolve how we wanted and allowances and contingencies are made.

Cut a long story short. Stop whinging.

Then let's hope for my bopd prediction..

If the drill results are poor I can see us plunging back to sub 3p.

And that'll only lock in old timer lth's for longer.

Sadly Peter,

It's still misleading and may fool some.

Lancy,

That is the point - there was no link, and posting a statement that is meant to be an official 'report' is obviously misleading and damaging to the business.

Whether we agree or not, on occasions, nonsense that is posted on here can circulate other news feeds.

We've all seen well constructed posts, whether positive or negative, get repeatedon other sites.

Years ago I was involved with a Proton Beam Company - acquiring property, and I posted an in-depth report and it was then circulated on another website.

Anyway - thank you Admin.

"Now these are minor slips - but those hanging on the the 500m MC in 3/5 years need to factor in these delays and failures into the big goal."

I mentioned that a while ago, but certain sandwich board wearers chased after me with Koot bell....

Bamps,

I can raise your 8 year investment and say I've been here for 13 years!

To me, you're just a young, whipper snapper...