Member Info for legache

Can't see anything being done below 6p, as the Peters hold 40%, but 8p-10p is my guesstimate

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TBH Jimarillo, at this stage they can give me 3p and i'd bite their hand off. Just something, anything...

Surely we'll get a farm out before the drilling, why would anyone wait until the drilling as the price will just go up>?!

Well, would sure be nice to get a few more posters, whether they agree with me or not doesn't matter! The facts are that there's a farm out process going on which will start to unlock the significant assets we have. Tbh at this point a full company sale would be my preferred option and given the age of the Peters, I'm sure it's theirs.

I'm beginning to get a warm feeling about holding this stock. No one plunges 16k into a AIM micro cap without some inside track. We're getting towards the end game hopefully.

07-Jun-1814:52:591.975800,000Buy* 1.902.0015.80kO Nice!

Not sure if it's ineptitude or something else, but my last post was deleted. Interesting...

There are two fairly simplistic ways of looking at this, and what camp you sit in will depend on your personal prediliction for risk. 1. Folk like me. Involved in the Saffron debacle. Know the assets they have as near to worthless [not what Masterman used to say - now look at the jewel in the crown, Bezzecca - sneakily downgraded in the non RNS CPR . Would never trust a word that is said by these guys - they should be in jail for gross negligence at the very best. 2. New investors in Coro. Prepared for the journey aka SOU etc. Believers in James. See this as bombed out and of value in the medium term. Simplistic, but correct IMO.

I'm not sure these little buys of a few k here a few k there are anything other than just PI speculation. If there was a bonafide leak, you would see movement very quickly in my opinion as the liquidity is virtually non existent.

I was a holder here for most of the last year. Selling out prematurely at 56p. I'm not back in with a large holding and grateful the market has presented such an opportunity to me. GL all.

yes, that is a fairly large trade for GBP. I have to confess, I have a very large position here as well. I am fretting about reducing it, but then I look at the risk reward and want to buy more. I think what is frustrating is the communication. These guys because of their holding couldn't give a damn about the PI. I really would like an update. Has there been any interest at all?

I've been about long enough not to trust "talk on advfn"...

Would be nice to understand why there is currently a little flurry...

Don't know if this is true / false / or idle speculation... --- Its all of the above. There is no way we will raise 72 million by equity issues. No - there will be a sale or JV. Even some form of debt instrument would be surprising. Don't panic folks!

Jim - all points taken on board. Patience is a must on AIM. After all, I've been invested about 4 months, so should really count myself lucky that I got in on the lows. Problem I have is I am becoming increasingly annoyed by the radio silence. Other AIM businesses I have are off showing themselves off at investor shows, or through paid promoters such as Malcolm Graham Wood. This lot don't seem to give a damn, nor do they seem to be doing a great deal. Their ownership of GBP means they can do what the hell they like. The only saving grace is that they are so old, they could pop their clogs anytime and then maybe we could get some more dynamic management in. I know ex BLVN head Kevin Hart is looking for a job and knows Africa. Also, maybe Sam Moody from RKH could lend a hand. Hell, even one of the ex BP guys could run this better than the current crew. G&A is far too high for what is essentially a shell. The situation must change soon, or i'm going walk, at a loss.

I was hoping to have got an update by now, the SP is in slumberland. Surely we are due an good update soon, what are we paying these guys to actually do?

Beginning to awake from its slumber.

thanks for the reply's chaps. Its has really helped.

I am a very small holder here <5kGBP. Can someone please explain to me the implications of suspension. Could I end up loosing all of my investment?

Yes, some indication of how the process is going would be welcome. If not interest, let hope they wind the company up and give us the cash. Either way win win.

Didn't see the value.