Member Info for k7pws

I was tempted when I saw this. However I am not attached at the hip. Other temptations too. If I wait and miss, there will be others. Not convinced this has hit bottom

not yet.

in the peak settlement. Now end July. SPdropping This is what I warned might happen. Patience to buy and sell. This will present a buying opportunity to me

I believe this one will make it. As you suggest this is likely to go down again in this market. I think it will be back. We will see. I bought at 144, sold at 218, so I am happy to sit back and wait to see if I get a good re entry

At last the market is re awakening to this company. Nice to see the rise today. Still well undervalued IMO.

I agree with you on this one. Have held for over 2 years, averaged down on recent lows. I have no idea when this will take off (positive results seem rarely to make a difference), but I have high confidence it will. So till then I will simply hold, almost forget I hold them, till they reappear at the top of the blue section! They are illiquid now, but that will change. This is not a traders share, its for patient types.

They do loose out some. They retain 5% NET profit and have 12.5 % development cost to pay in the original deal. Looks like they get back just under 46% previous costs. The rns is worded to throw doubt on Peaks ability to finance saying "current financing initiative"; Arbitration is now concluded. A final award, which is enforceable in Nigeria under Nigerian Law, was issued on 27 May 2008 by the Arbitrator in favour of OML 122 Ltd in the total sum of US$123 million plus interest ("Final Award"). Prior to the grant of the Final Award, Peak had made several representations to the Company that it will be able to and intends to satisfy in full, the terms of the BSA at the latest by the middle of June 2008. With this in mind and in order not to frustrate Peak's current financing initiative, the Directors of Equator have taken the view that it would be prudent and in the interests of the Company's stakeholders to achieve settlement under the BSA before enforcing the Final Award. Although OML 122 Ltd is presently taking steps to register the Final Award in the Nigerian courts, it will however not seek to enforce its claim in the Nigerian courts until after the middle of June 2008, at which time the Company will reassess its position if settlement under the BSA is not realised. The Company will make such further announcement as would be appropriate at the time.

This is complex. If Peak don't come up with the money shortly, and the 15th June looms closer, there may be jitters in the market and buying oportunity as the need for legal enforcement in Nigeria becomes the only option. That would mean Peak have not obtained funding, which makes it unlikely they will get the money but perhaps the property back with long delays in development. Meanwhile there are all those farmouts to come which at any point could provide a strong bullish influence. One thing is for sure there is a lot more to write in this story. Its a rare thing for everything to go to plan. A buy now will, I am confident, give good long term gain, but there may be a rough ride here or there and patience will be needed. It might be great right through but I have never had one like that yet! I will hold on to what I have for now and wait for any weakness that may come to add until I am satisfied the risks of holding for more become greater than the risk of locking profit for less than I might get!

I guess you can talk yourself out of anything if you have a mind to! The proof will be found in due course.

Yes. I think there will be an imaginary barrier at this point as the mc approaches the value of the peak compensation. Of course its worth more than this, but many who have made profits will be tempted to lock in those profits around this price. That doesn't suit me because I have a way to go yet to break even. Patience pays more often than not, but I think in this case I should have bailed and kept out earlier until the lower prices were reached and bought in the low teens as I did. Hindsight suggests a lower price but realistically anyone who knew the score would have found 14p irresistable! For me the argument in favour of cautious buy.

This is anticipated news to those of us who have followed this co. for the last few years. Its an early release on progress before agreements necessitate an rns probably inspired by the recent sp rise. The final payment by peak should well exceed current mc. I still doubt we shall see true value for some considerable time however and at some point shorters will look for any silly nit picking fact upon which to prey. Patience will bring much reward here. There is still a lot more to come, a lot more both in short and long term.

They have almost doubled their turnover forcast for this year since they were at this price in Nov/Dec!

Are there any rumours afloat? moving North this morning.

seems to reflect general mood rather than sola specific!

till at least the end of the year. Who would give a dead duck this kind of money without a risk versus reward that had serious potential? The fact city equities wanted to buy my shares last Thursday was a clear hold for me!!

Been on the go just over 3 years. Now not far off floatation price! Increased steadily this year. Pre feasability indicates mining the gold will cost 291 dollars an ounce inclusive of royalty.

they seem to still have these ADS to sell. It appears the price wants to rise here but then fall when their market opens to roughly the placement value. Wish they would get their act together. I think SOLA may have seen the US market as more likely to increase its value. So far they appear to be mistaken. Never mind advertising free transfer of aim shares to ads, the tide seems to want to flow the other way!

Absolutely right. There is no such thing especially in the current climate. However my view , based on the fact they raised cash in August and had 0.8mln in the bank, expenditure at the previous rate would indicate there is about 2-2.5mln in the bank at present. Yes, expenses have been high. THis does not include any income from ONO. "On the strength of its product pipeline, Edison values CeNeS at 85 mln stg, significantly above its current market cap of 16,4 mln stg." That was in Sept 07. It equates to a sp of 387p. Is it any wonder they have become a target. There is risk, as rp says so I am not advocating wild buying sprees, however I believe its a hold with patience to see this through for those currently in.

CeNeS Pharmaceuticals PLC said it intends to raise 6.1 mln stg by placing 5.79 mln shares at 105 pence each. That was a very reasonable price at the time! Then in August when the sp was around the 90 mark........."Chairman Alan Goodman said the company's deal with Ono alone, underpins CeNeS' current market valuation. Earlier this month, CeNeS said it has licensed the exclusive Japanese rights to its general anaesthetic and short-acting sedative, CNS-7056, to Ono Pharmaceutical Co Ltd." M6G and the rest are a bonus according to the chairman at 90p a share. I know its been stated that TO bids usually come no more than 50% above sp. From this statement the deal would have to be higher than that to deserve consideration. If any credance is given to Alan Goodman at all, he could sell off all intellectual property including M6G and just keep the ONO deal and have a profitable business worth 90p! Not the real world I know.....however the offer would have to be considerably higher than 55p to be seriously considered.

to cave in and sell now. I added more when the price was what I thought, low, diluting to ONLY 70% down on investment this morning. Oh for that crystal ball. Never mind. I recall management declaring the Japanese agreement was worth the share price alone not too long ago. The sp was higher than it is even now, so I think its fair to expect a bit more upside yet.