Member Info for LGO-fan

My thoughts exactly!!

spot on. He also IMHO has been nudged to get out.

I wouldn’t be surprised to hear him say that the last 3 years were very tough and he now wants to spend more time with his family

than why on earth would you vote in favour?

Why not hold out for a better offer? Get LK to get drill S2. See what the results are. We should be in a better position then.

It’s a cop out, right now. And you know it!

typical, he can’t even get that right. Issues a tweet saying “soon”, now needs to backtrack and ask for regulatory approval. What a joke!

The intelligent thing would have been to FIRST get approval and THEN tweet. But no, over promise and under deliver until the very end.

That’s Herr Hoot in a nutshell for ya!

Good tweet, Chesh! ??

John,

We need to see the facts: if CERP is in financial trouble. Cerp can clear this up, by showing the financials of the company.

I think it’s more a case of majority shareholder having lost their patience. I think they waited for Saffron1, but that wasn’t a clear success. CERP needs more cash, hence the merger. I just feel that if they simply wait for S2, we could be in a better negotiating position. Add a better Goudron deal, a higher WTI and all of a sudden the world looks a very better place.

Again, I think patience has run out on the back of under delivery.

Just my assessment. LK will do his best to sell, but unless he discloses all facts, including current company financials, I remain sceptical that this merger provides the best value for us shareholders. That doesn’t mean that a story with BPC can’t succeed in future, but it does mean that today we do not get a good enough deal.

All IMHO

I agree with you on the technicality and on your assessment of what we should get.

If even shareholders feel this way, we should simply vote no and give the BOD to find a better deal. That’s what they are there for.

“ BigMJ is a very experienced investor and while i appreciate he is limited to what he can share with us, i take onboard his previous comments.“

BigMJ is a very experienced investor who first talked about 20p, then 10p and now is happy with 2.6p.

and, are you happy with the price?

John,

It all depends what we get per CERP share we get. And I feel 2.6p is not enough. (if we get that of course). A no vote, followed by a better offer should at least be on the table.

hahaha, well that explains the merger!!!

I think it is very good you go against the consensus, and you make really good points.

I don’t care for Leo, he has burned all his credentials as far as I am concerned. I was actually waiting for a new BOD. I just didn’t anticipate a sale under these conditions. Feel too soon, unless the financial position if far worse than we have been told of course (which wouldn’t surprise me given the lack of transparency by the BOD)

but what does Herr Leo have to say on the new BOD? Sweet f-all by the sounds of it. At best an advisory capacity given his non exec role. He just got himself a seat to keep hold of his options.

I don’t expect the interview to be released before the market closes.

If was a bit too harsh when I wrote here that VSA were liars.

"Andrew Monk
@AmonkMonkey
Replying to
@acca_to

@CryptoChris86
and
@benchpressmike
First of all as I have said many times you need to read research fully to see we never said 20p also they haven't sold out - they have merged and shareholders still have assets"

Not any more now: he is now saying he never said 20p!! True, he said 21p...what a ---------(I let you fill in the blanks)

"where's my bike?!" (you get the joke)

hahaha!

I know...hence ...Herr...

I look forward to any meaningful insights being communicated by Herr Leo in the interview...like how many whatsapps he has sent working on this deal!!

"Leo, blink twice if you’re in danger. Can’t help personally, but it would explain this deal!"

Just love this.

PrimroseCap
@PrimroseCap
Replying to
@Columbus_ERP
Leo, blink twice if you’re in danger. Can’t help personally, but it would explain this deal!

I have zero doubt it is good for BPC
I have zero doubt (almost any) other BOD can do a better job with the CERP assets
I have zero doubt selling CERP is the way forward
I have lots of doubt that NOW is the time to sell: why monetize when you assets haven't been fully proven. At least wait for a damm reserve report on SWP.

VOTE NO