Member Info for LGO-fan

you may want to check how the shares of other investments of these guys are doing....deep pockets does not mean they know more than you do about the stock market. I have seen plenty of successful businesses men and women lose a of money in shares. Better the DYOR than follow others, regardless of how deep their pockets are.

and a £4m loss in a year they sold off their 30% in their T3 copper project on which they reportedly made a £12.5m profit, in return for shares that are tanking. Imagine the losses if you can’t sell assets. What could possibly go wrong here....

exactly my point! Lazy poster not reading the date (mind you, I had a shock for 0.5 seconds, until I read....WAIT FOR IT....the date :-)

if you are referring to the tweet from yesterday: they were March numbers

glad to see a bit of healthy criticism returning here. Critics aren’t derampers but shareholders who want to see improvements. Blind faith in leaders has never done anything good, has it? Let’s hope LK starts delivering so we can all go back to praising him. (which is a lot more fun!)

Right, so you are thinking it will be a positive surprise then? It will (or should) outline what has been realised vs what has been promised. If LK behaves like a true Dutch man he will openly say where he succeeded and where he failed. Without reservation. It will remind us of some of the good, but sadly also of a lot of the bad. Hopefully he will admit he over promised, and hopefully he will try to convince us of how he will do things differently moving forward. The SWP is where the money is, and if you think how he (wrongfully) excites us with bloody Goudron? than surely exciting us with SWP should be a walk in the park. So, why don’t you, Lk?!

Finally, CERP continues to drift lower as investors await some solid signs of a much promised SWP exploration well in 2019. I am not the only one questioning Lk, Chesh. If shareholders bust LK’s balls (rather than mine) and I am sure we will see a positive outcome.

deal.....better to be pals, but stop busting my b**** when LK lets us down :-)

don’t forget you have MTR :-)

are going to be the next shocker. Maybe LK is keep this powder dry to offset that with some “good” news. Who knows.

Mr Magoo, you do realise that even a 5 year plan is nothing more but a sequence of shorter term deadlines and deliveries. I agree we are not even halfway there but, at some point time will run out if LK keeps missing deadlines/under delivering. The SP is a reflection of how investors view his performance to date, and its not a glowing endorsement as you very well know. I want nothing more than see the SP go north, and feel strongly that LK needs to rebuild confidence. And one (easier) way of doing is to deliver on his own promises. Again, he makes those promises. So he controls the agenda, the timelines, the deliveries. If he can’t deliver on his own targets, than god help us if big investors start laying out objectives and deadlines for him!!

EXACTLY!!

What is your point exactly? it’s a document that is over 1 years old now.

Chesh, the day you share a semi-intelligent thought is the day LK delivers. We are all very hopeful. Back to my point: did LK promise mid Q2, yes or no? Has that deadline passed by approximately 2 weeks now, yes or no? Is it right to point this out when LK has built an impressive track record of missing self-imposed deadlines, yes or no?

" Detailed technical work undertaken by EPI Group, independent geoscience specialists, on the SWP and follow-up drilling locations, the works largely complete with the final report due mid Q2 2019".

It's now 2 weeks later than "mid Q2 2019" and still no news on this, which is strange, given the potential for transformation we keep hearing about. Another case of over promise and under deliver?

Source: RNS dated 17th April 2019.

*bopd not boobs (though you chose!)

yes, and once break even point reached we will be in an excellent position: with each incremental bopd over and above the break even point we will have increasing funds to further expand. 500 boobs in the not to distant future feels very much achievable. £50mn mcap at that level is not unheard of.

In O&G everything always takes longer than expected. I think I, optimistically, added 2-3 weeks to your timeline. Let’s see. They took their time with the last RNS too, but it turned out to be a very pleasant surprise. Hopefully we get another one of those.

nope

maybe some big shareholders will give LK a warning “strike 3 and you’re out”?