Member Info for Gibbo1066

I've been talking via email to one of the people in the middle of this mess, happy to send copies to anyone interested individually, I wont put it all on here.

copy and paste the whole link...

Sorry 17 games on the trot...

Didn�t the England Rugby bag man get sacked for offering this share in its previous form? Maybe we should put them down for a nominal 1 share? Disastrous 2015 RWC...Still they went on to have a run of 22 games unbeaten, let�s not mention the last 6 nations though. WTI... $70.50 Tuesday could be interesting...

Winston, you�re on your own with that, Still I hope it works out for you.

HiggyP, this hasn�t been my crowning glory, but I am not prepared to roll over in just yet. I am doing the reasearch I should have done at the beginning, following any lead, comment, whisper I can. It isn�t pretty, even the Chinese think this is a bag of poo at the moment. There are a number of hurdles still to overcome and it all hinges on the concentrator unit. If this works, we may may just come out with our dignity in tact, if not we�re all screwed. So, I�m going to hang in there, keep pushing for info and hopefully by July we will have definitive news. One of will be right.... I just hope it�s me.

Looks like we are now in the critical part of the process, it all hinges on the amount of Gold we can extract using the concentrator unit ( sorry for stating the obvious ) 8 - 10 weeks and we will know if our investment has any value and what that value is. Miners of comparable size are valued at between $40 - $100m, I'd be happy with the lower amount as a starting amount...

or rather I was on the podium... BigDouble comes in with a cracking quantity. Looks like a few of us saw the potential in this company right at the beginning, I certainly didnt have enough foresight. Still, happy to be here and will remain so for at least a couple of years.

A significant holding amoungst us PI's, albeit slightly skewed by Big Mj... glad to see I'm in the mix for a podium finish.

A significant holding amoungst us PI's, albeit slightly skewed by Big Mj... glad to see I'm in the mix for a podium finish.

small price movements will return you substantial amounts BigMj, I only regret not doubling my hold when I first saw Mr Purple... still I believe he will return a significant amount on my investment, it wont be lottery figures, but I certainly wont complain.

We did this back in the LGO days.. 1.3m for me, but buy costs a good deal higher than todays price!!.

or $7.2 million per year... enough to fund 2 / 3 wells... out of cash flow.

Interesting take on the investor showcase presentation. I am however at pains to understand your overall approach. From my point of view Mr Purple has done what he said to date and listening to him give the presentation, I dont see that opinion changing anytime soon. We are running at +600 BOPD and are CF+... a considerable way ahead of last May. We have a renegotiated BOLT deal and had closure of the Spain conundrum. Opened up the SWP for some serious land based ( relatively inexpensive ) exploration and a have a large deal loitering in the background. OK, there many be some renewed financing needed, but Mr Purple has stated that it will all be accreative - ie not diluting the share value, but equalling or adding to it. So, looking at the opposite side of this coin we have invested in... I'm happy to put m hard earned money on the BOOM... oh and so are Schroders who hold almost 14% of the company.

ha ha ha - yes that is a bit pedantic, still even at 9.23% the increase is significant IMHO. I like Mr Purples approach to CERP, long may it continue. The SWP is so close to the Venezuela basin, I am suprised that it has taken this long for someone to realise they are sitting ontop of a vast quantity of oil in Trinidad. I'm looking forward to the next 2 - 3 years.

Astounded to find CERP languishing around 5p considering the positive news of late and teh Oil price...now we have Schroders adding another 10% to their coffers. Still patience is a virtue and I am feeling particularly virtuous on this share... heres to the next RNS.

Not sure they can do that HiggyP or if they will want to, a fire sale wont help anyone, least of all the Chinese. They have a great deal of money invested here and fire-selling the company wont realize them much at all.... they like us need to make this work, all will be revealed by the end of June. Just a quick calc, the concentrator can sift through 100t per hour. Based on 8 hour day, 5 day week and using the 0.71g per ton we are looking at a $5m company in yearly revenue... valuation c. $15m or $ 0.6 / � 0.04 per share. I'd be happy with that as a starting position...!! Yes, I do love rose tinted glasses, but hope to exchange them for clear lenses later this year.

to me this is now a binary play... win or lose. We have all the assets but nothing to date to extract those assets and turn them into cash. We will know in June if our savior will be the concentrator unit, I certainly hope so... I have quite a lot of shares and too much money invested in here... hence my desire to get as much info as possible.

Well, it seems like our Far Eastern friends are working overtime to get this company back on its feet. The previous incumbents are being targeted for their lack of real investment of their own money into the company and their poor negotiating skills, I have to say I agree with them wholeheartedly. Moving forward, the concentrator unit will begin to show results in late May early June and I believe we will see a real turnaround in the companies fortunes. Will that mean we get some of our money back, IMHO we are in a better place now than we have been for the past few years. If the unit works as well as it should, the combination of the skills of our largest investor and the team he has assembled will give us a greater opportunity to recoup our money. Only time will tell, I'll be back in June with an update.

two Pirates taking to each other admiring each others ear rings Nice ear rings - how much did they cost? Two Dollars What a Buccaneer?