Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SamManbi - thanks for mentioning the presentation earlier today!
I didn’t think there was anyone around who hadn’t ever played Monopoly in their life - perhaps you never played the UK version - if so apologies you didn’t get my little joke!
BTW this is intended to be my last post tonight - wouldn’t want to be accused of monopolising!
GMSunshine - applaud your efforts to share the knowledge - the slides were on the CEG site but I missed that presentation from CEO and the answer to the immediate funds available question was interesting.
Put more colourfully seemingly CEO would prefer to eat his own meat and 2 veg before doing another Placing but if he’s reading this I’d caution against this for obvious reasons! If he believes he can hold out for 3/4 months imo he’d be better spending time now on a sensible contingency plan, such as bridging loan rather than panic in 3 months time and then be forced into a Placing. IMO that would be better for the SP - he did say he was struggling a bit to understand AIM - free advice for him!
CEG have more than their fair share of trolls who will highlight any weakness and some low life scum that lie and mislead to further their aim!
GarryGraham - if you are going to get involved again may I recommend you do proper research this time positives and negatives and if you decide to invest have the courage of your own convictions- if it’s successful allow yourself a pat on the back if it fails blame yourself not BOD or posters on chat boards.
This is a high risk investment for grown ups who understand the risks not for Post Office account holders moving just one step along the spectrum !
Rant over Garry!
Madmax - do you consider it unlikely CEG will be able to negotiate a short term loan to tide them over pending receipt of the $12.5 million from Chevron on a similar basis to that achieved recently regarding the Cory Moruga transaction ( see RNS if you are unaware of it ! )
JWBellamy - I’d speculate CEO had multiple expressions of interest ( see W H Ireland note ) and he chose what BOD believed was best for the company. It’s a superb deal for a tiny company and offers phenomenal potential through a 40% share.
The BOD probably had offers on the table for a tiny free carry interest as an alternative and asked themselves are we a speculative O & G Exploration & Production Company or are we like a Post Office account with a one off small bonus payment. They would have assessed the likelihood of being able to finance the extra cost of the 40% participation option and they obviously believe there’s an appetite.
Yes there’s a big risk in this type of drill and it won’t suit some investors but I’d have thought anyone who’s a shareholder now given the history of the company is likely to be up for the speculastion but no one is having the arm twisted to continue.
It’s early days here who’s to say OFF-3 won’t get a fruity cash offer in the meantime which will swell the coffers- SP will, imo, also be influenced by other drilling in the area as development progresses.
Jilted - your problem is the leopard is mauling you big time at the moment- spots are now just a blur!
Even 12bn on the other channel has announced his epiphany moment that this share ' could be a winner ’ and he’s spent the last decade trolling with > 40,000 posts!
Nas - k - many thanks for that link - a wee bit of additional navigation necessary to access the March 2024 presentation but well worth it!
I’d advise trolls not to bother, unless they want to cry their eyes out again haha!
RE: Sweet Spot11 Mar 2024 13:51
Jilted - ‘ need for near term funds ’ bit of a Freudian slip there - if you have little confidence in Chevron deal being approved surely it’s a requirement for long term funding!
Joshing aside I do expect CEO to seek a short term loan to tide the company over until Chevron rocket boost cash arrives. Thanks for mentioning it, ‘‘twas a bit of the elephant in the room!
Brex22
Posted in: CEG
Posts: 69
Price: 0.095
No Opinion
RE: RNS28 Dec 2023 12:14
It’s the only business model they have, rinse and repeat!!!! Don’t believe the hype. Let’s see how this plays out and if a dilution doesn’t happen you can beat me down forever. I’ll also eat my hat !!!!!
One major would farm in before any other does. They have oil fields surrounding CEGs potential fields. Why didn’t they buy the licenses, if there’s oil there?????
We need to see the wood and the trees on this one, beware the board!!!!!
Jilted - ‘ need for near term funds ’ bit of a Freudian slip there - if you have little confidence in Chevron deal being approved surely it’s a requirement for long term funding!
Joshing aside I do expect CEO to seek a short term loan to tide the company over until Chevron rocket boost cash arrives. Thanks for mentioning it, ‘‘twas a bit of the elephant in the room!
Jilted - almost as fantastic as that post from JohnBriggs :-
Why on earth would anyone want to give their money to a company with no credibility and run by amateurs and most importantly who on earth would want to partner with them. The industry and market never forgets those who mislead and default.
JohnBriggs
Posted in: CEG
Posts: 1,058
Price: 0.1075
No Opinion
RE: Deadlines23 Feb 2024 10:37
Hahahaha, ah Luthee you really are the ultimate apologist. You fail to recognise that if a CEO comes out with a deadline such as fam out by Christmas and then that changes to oh now another 12 weeks, by end of Q1 2024 it makes them look naive and incompetent when these deadlines aren't met. All the while tie company is running on fumes.
Why on earth would anyone want to give their money to a company with no credibility and run by amateurs and most importantly who on earth would want to partner with them. The industry and market never forgets those who mislead and default.