Member Info for in4cedros

goup - in the Q&A post AGM LK made it clear rigs were not being bought by CERP and when pressed on the relationship about whether drill costs would be slashed he declined to give that line encouragement instead he very much focussed on the quality of the rigs and suitability for the tasks envisaged. If I remember rightly he went on about the top driver in Trinidad - don't know if he was talking about Hamilton LOL! Have another listen Goup when you get a few minutes - it was a great video!

FF - I notice you have looked in on Advfn and been appalled at the 12bn thread - it's been a long process but 12bn now seems to appreciate the impact of his reckless posting - no guarantee he will change his ways though and that is one of the problems with chat rooms ! - it was most unfortunate for KOD shareholders that he settled on this company but BA kept detractors well supplied with ammunition over the period!

Johnny - I won’t be attending but LBD ubiquitous!

Horseyhead - must admit I thought when we discussed the Predator deal originally that CERP had missed out on what I believe to be a potentially superb field from the original Geo survey data subsequently confirmed by ArKeX - glad it's now ' coming home. ' !

This is the sort of field where our team can achieve great results with sensible CapEx without Shyte or Bust risks IMO!

sxxs - you pose the question why have they just not bought it already?

An answer to that is cost - under the T/O rules if they bid now they have to reflect price paid over last 12 months - so they wouldn't have achieved that extra holding at 0.13 - if they defer until post November they can make a lo-ball bid.
It is in their interest to keep price down in the meantime and with low volume here it doesn't take much selling to keep price down - continuing low prices disillusion investors so that PI sales continue.If the Sp does not improve significantly PI who outwardly suggest they will hold for a huge T/O premium will consider caving if the alternative is a long battle against a party already holding 29% .

You have to wonder who is selling this at the moment and why - those extra Placing shares were not tied into the SC agreement.

It seems to me there is an orchestrated campaign to undermine shareholder morale on this board - many more posts than I would expect from so called disillusioned shareholders - people who's appetite for risk doesn't appear to match this proposition which is far from a Post Office Passbook account.

I don't hold shares here so treat me as a deramper - I'm just an onlooker more than a bit surprised at that 0.13 management approved raising !

rossannan - certainly agree with you that readers prefer it from HH than you as he is much more measured in his comments and he wouldn’t have overlooked significance of non IPSC production.

bigdouble - best wishes for the Wednesday meeting to you and all those associated with the shareholder democracy initiative - I’d prefer BOD to have share options that make them more than salaries -at least that way interests are aligned - don’t know if that has been discussed - new options in return for reduced salaries.

1000 apologies if already done to death - I don’t look in here much now and I wasn’t keen to trawl all the old posts - ATB!

Ross - your interpretation of yesteryear is clearly at variance with mine - I can clearly remember you crawling all over anything LK - if you had attended CERP presentations I would not be surprised to have seen you trying to bottle his farts!

putme - thanks for the post - I, also, have yet to locate the filter button - my current view is to value all posts - some more than others LOL!

Glad to have squeezed that last one out of you before hibernation!

putme - you have summed up this board well - people luv it here because - if nothing else - it is always thought provoking !

Reading it should carry one of those Government warnings about long term damage to mental health - it seems to have taken its toll on a number of posters - someone filtering most of the other posters raises a big question mark IMO!

LayLadyLay - may I nominate your post for the most sanctimonious of the day /week /year - unfortunately I cannot lift you to that moral high ground you aspire for many reasons but the most obvious one is your behaviour when LGO was close to bankruptcy you attempted to scaremonger people into selling - how much money would they have lost - absolute disgrace mate!

Ross - glad you agree with me that there was considerable latitude between low and high case scenarios and only a complete buffoon thinks that this programme could be managed without considerable variations in output, given that some wells may be shut down during the process - we all eagerly await the next news bulletin!

Have a great day Ross!

Rossannan - thanks for that last post if I may summarise it seems your views are aligned with mine - we should wait for the figs in the Quarterly Update - if we find the cash has reduced we will consider the explanation LK will almost certainly provide and comment accordingly - we clearly both understand that sometimes management have to make decisions on capital expenditure and they can't always put it out for bulletin board approval beforehand even though some on here are anxious to enthusiastically demonstrate that they have recently discovered that CapEx can be a positive move!

Have a great day Ross!

duffs - when I last considered the matter I concluded much the same as your source from internet trawling that’s why I thought the recent Times article worthy of mention here as the geographic focus has seemingly moved South of the original disputed areas.

Hear what you say about risk and everyone has their own attitude and appetite.

Bronco was also an experience - like being bucked!

HeadinC - at the AGM Kerim presented in similar fashion to recent medias but with more detail on Salinbas and the B-PIPE implications. A question from the floor to Kerim was something like why can’t you increase the production from Kizzie beyond the already announced aspiration - the answer was that mine life was limited on that site, although they are confident they can increase it beyond the already announced life - if they went too quickly it would shorten mine life and they would catch up with the exploration team!

On the face of it nothing wrong with what he said - IMO shows the way he views the business - they have, of course, got other projects on the go Tavsan etc over the next few years and Salinbas on the longer finger but with an ever present potential partnership/ sale opportunity which could transform SP.

VanVan - I have not direct quoted Kerim but given the gist of what I understood him to mean in his answer - I’m happy to consider amending my post if you heard the answer differently!

Apologies - the Times article was Tuesday 03/07/2018 - feels like yesterday!

HeadinC - good question - I do not have the answer - the current SP is not a problem for the BOD - they are well remunerated and can afford for news and value to drive the SP in the long term whilst professing bafflement the SP is not multiples of current level.

The Times newspaper published an article yesterday headlined ‘ Growing jihadist revolt closes schools in Mali ‘.
‘ It is 5 years since French troops turned back the march of the jihardists that captured Timbuktu and imposed Islamic law there before turning their sights south towards the capital, Bamako. Now Mali’s jihadists are back, threatening to carve out a terrorist sanctuary in the Sahel.’ ‘ Across central Mali government officials have fled assassinations and kidnappings, leaving the militants free to set up Islamic courts, gather their own taxes and win the support of local populations neglected by the state.’’ Combining the Islamist cause with that of 20 million marginalised Fulanis presents a new dimension of danger.Many Fulani already complain that they are viewed with suspicion because of their ethnicity, by the state and by other communities. ‘ ‘Intercommunal violence is now claiming more lives than the jihadist attacks, driving even more people into their arms ‘- there is a warning from Colonel Yahya deputy commander of G5 Sahel ‘ if they get the people on their side , they will win the war’

I know little about politics in Mali and I don’t know if the article is relevant to people on here DYOR.

Flockton - the advfn posting is esoteric - but you may have noticed 12bn appears to have gone AWOL - that may have influenced posting volume ! - playground stuff one- liners - sometimes amusing !