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Garry, you're very good at stating the blindingly obvious downsides of this or for that matter any other O&G explorer but I haven't seen mention of the potential upside unless I'm missing something. You are correct in highlighting potential issues but most of them apply to any share or investment. Most people on here haven't done enough research and their naivety is exposed in their posts. This is and always has been high risk, high potential reward and as long as you've only invested what you can afford to lose, does it matter? Rather than asking Willec about future potential oil discoveries and share prices why don't you do your own research and answer your own question? It's pie in the sky at the moment, the point being that CEG are now clearly on a pathway that is likely to produce value for it's shareholders, IMHO, the trick is to get out once you've made a decent profit and the reality is many people have already done so since last October/November during the lows even if they "only" left with 2, 3 or 4 times their money, it's already been a brilliant investment for some. Before JohnBriggs or some other muppet pipes up that has been easily and demonstrably achievable, it is NOT a fantasy scenario!
Yet again, misleading, have you no shame? There were trades at 0.29, what don't you understand about your term "the highest point in the past year" You clearly need educating you don't know enough to be participating in this discussion!
Willec, see section from the RNS, they have already stated that subject to shareholder approval it will be at least 50:1.
the Company's shareholders have approved, and the Company has thereafter undertaken, a share consolidation on the basis of at least 50:1 (this being a necessary requirement to enable Charlestown's share custodian to hold shares in the Company).
Not sure about substantial. The total trading value taken from this website is ÂŁ77,807.16. Total number of trades were 42, therefore the average trade was ÂŁ1,852.55. That is a long way from ÂŁ20!! Who is spreading misinformation now then JB? As I've said before you are very transparent. How much did you lose due to Perseverance? Bitter and twisted doesn't cover it.
There you go Biffofalcs, JB's post is predictable and boring, tells you everything you need to know about him. Good luck with your holding, you have a decent entry price and if things go according to plan with Chevron then in 12 to 24 months time you should do well out of this. Don't forget to have an exit strategy!
As usual completely missing the point JB. The point is it has been possible to obtain a 5 or 6 bagger on this share in the very recent past without buying near the bottom or selling near the top, but lets be honest you don't want to hear or acknowledge anything remotely positive when it comes to this share do you. I suspect that anybody buying in at current prices will be able to repeat this over the next 12 to 18 months. I may be wrong or a may be correct, time will tell. You are very transparent and very funny, wrong but funny.
You are wrong, there were trades at those prices. The problem wasn't selling on the day of the RNS, that was easy, the problem was trying to buy. I personally couldn't trade online, I needed to phone the broker and it took them quite some time to fill the order. Don't let facts get in the way of a good story JB.
GG, you seem to have answered your own question in your last two posts. This share is not suitable for small retail investors who can't afford the loses, as you say it is a gamble not really an "investment". Whilst I have sympathy and empathy for many people who have suffered loses the truth is that many of these "investors" didn't do their homework and seemed to believe that it was a get rich quick scheme. This is and has always been a very high risk, potentially high reward company. Most small retail investors shouldn't be on AIM full stop never mind the O&G sector that is many times more risky. Along with you I hope that this is a success, time will tell. Some people will recover some money, some people will make a lot of money ( don't forget that between Oct 23 and March 24 some holders could have walked away with an 8 bagger) and some people will likely lose a lot of money because as per the Bahama's they will forget to sell!
Hello Garry, as you are talking about "reality" you don't seem to have considered that if we actually get to the point where Chevron drill, the CEG share price will be many multiples of where it is today based on "potential" alone. Many holders will have taken their profit and be long gone!
Koot's wife doesn't have any "free ISA shares" Irene. Are you getting confused with the pension plan in Leo's name that his wife is a beneficiary of? Leo Koot is still the owner by the way, his wife is simply a nominated beneficiary, what don't you understand? I'll try and educate you.
Irene has never denied being a paid deramper and none shareholder, you work out why "she" is here...
This is directed at the genuine LTH's. In the recent Proative presentation approx 9m 20s in Nathan discusses S2. The slide confirms that S2 will commence Q1 at a budget of $2.3m. I understand that we have made provision for this within our current cash holdings. Clarification from the company would be helpful. Bear in mind that S1 de-risked the area and S2 can go into immediate production and therefore cashflow. With oil price rising and the improved tax terms in T&T this is potentially good news for BPC and should have an impact on the shareprice.
https://www.proactiveinvestors.co.uk/companies/news/939872/bahamas-petroleum-present-at-the-proactive-one2one-virtual-forum-939872.html
Shark, 153m traded, why do people forget about the Aquis exchange?!
Hello Bryn, total traded today was approx 153m.