Member Info for LGO-fan

His comments over the years regarding his SP targets show he is always has, and still is, confident. But, perhaps he is less bullish (aren't well all - well, except for Magoo and Chesh, our 2 beacons of infinite wisdom. Lol!)

Hi Peter, welcome back. I hope you and your family are all well. Stay safe.

Anyway, coming back to the RNS, our new CEO has a fine track record of good deals so hopefully this structural issue we have with Goudron because of the current contract, will be solved.

There is CV crisis going, which surely must be slowing these negotiations down. Don’t believe the delay is because of POO, these contracts are signed for the long run, and all parties can project different POO scenarios and negotiate around these.

Hi Offerman,

“A bit distant”? :-) ...Well they are light years away from the Sh’s these days.

You have got to wonder why? Either something big and exciting is happening behind the scenes or there are in an almighty mess.

I can’t see a middle road scenario here.

AIMHO

My forecast didn’t take into account CV :-)
New IPSC will be announced in April. For the other updates, I hope they wait until the mood changes. One exception: they should announce ASAP how they are dealing with these low levels of WTI.

All IMHO

the answer is simple: they will wait until WTI return to much higher levels.

He could very well do. He has the perfect excuse to protect his US O&G industry

https://www.bbc.co.uk/news/business-52115442

In this POO-environment: I would think so; they’d mad not to. Pretty sure the $4.2mn wasn’t at a WTI of $20(ish). Tbh, even if they get half, CERP should grab it, get some other deal to make up for the difference.
Cash is king and not sure where else it will come from these days

Well , clearly another faux pas. And seem to remember this has been brought up here already, I think at the launch of CERP.

LK clearly chose it because he wanted to explore SA. Anyway, w bit of a red herring as this is not a consumer brand.

Not the ideal choice but I think LK has bigger things to worry about

to be fair, I asked myself the same question too after reading an RNS from Shell. Anyway I do seem to recall our CFO mentioned something on hedging a while ago but I could be wrong. Don’t know if our 300-400 current (I assume) production level is enough has been hedged but would assume so. we don’t know because the company pretty much stopped communicating

totally agree. Is common sense.

hahaha! Good one :-)

Lazy, lazy, lazy, lazy.

My conclusion: LK has all but left the building

I can’t say for sure, given no updates from the company on financials for a long time, but I assume we will be in cash conservation mode, so agree w Bamps it seems likely to pp Innis.

they need to start communicate about their entire business

Just when you think LK couldn’t be more disengaged and his RNSs couldn’t more boring, he produces this gem...

Any engaged Chairman would have used the opportunity of this RNS to give a general update, give an insight of current finances and measured to deal with the current crisis or at the very least have referred to other upcoming news.

from another company. This line amazed me:

"The management team will be hosting an investor conference call at 10.00am (UK) on Tuesday 30th March 2020, where it will provide investors with an opportunity to ask questions on recent developments, including the latest results."

Seems like every RNS I read these days is better than a CERP RNS. Used to be very different. (that was when LK was still engaged)

agree that we will have to wait at an extra year. the whole world will have to wait another extra year for everything.

No, I am one those guys who has a problem with those investment tools. More gambling if you ask me. Should be forbidden, but call me old fashioned