Member Info for LGO-fan

3,74billion shares guys. That is a silly amount for such a tiny company. This will have p&d written all over it.

Yes, but at what price: we are adding what...1,4bn shares? Did I get this right? Will it be worth it? Excluding dilution, it makes a lot of sense, but will this create extra shareholder value?

he sometimes remind me of a door-to-door salesman. He is Dutch and the Dutch are excellent sales people. It’s in their blood. Nothing wrong with that, in my book. That said, he needs to be more careful with his facts and targets. He needs to get back to simple basics: under promise and over deliver is one I particularly like. We all liked that a lot at the start. I am hopeful he will correct that.

judging by sp, not a lot of positive anticipation!!

LK has always stated he would invest first in Bonasse and Icacos, but had hoped this to happen sooner. Plan by mid Q2 LK said. Hope he delivers

they could bail, or replace LK (more likely)

Mean, but funny nonetheless!

there used to be a time, Faz, feels a long time ago, that each LK spoke the sp rose. Long time ago.... Want it back!!

True, though he did mention that we are in a position to fund the deep drilling ourselves. So again, some clarity is required. He says too many different things about one topic. Gets confusing and does not inspire confidence. The latest RNS and interview were pathetic. Not at all the same man that inspired us 2 years ago.

let me try that again.... Yes, and to be fair LK has mentioned this stepping stone approach, but he needs to lay out the plan clearly. But show the 2 year plan, show the baby steps, and risk-managed approach on route to the deep drilling. But then commit to it, and deliver.

Yes, and to be fair LK has mentioned this stepping stope approach, but he needs to lay out the pleas clearly. But show the plan, show the baby steps, and risk-managed approach on route to the deep drilling. But then commit to it, and deliver.

I don’t advise, certainly not on this share. I have a long history of getting this one wrong, repeatedly! Hence I carry my avatar like a battle scar to remind me of my own mistakes. I, and this is not advise, will hold. Simply because I am excited by the prospects of the SWP. WITH OR WITHOUT LK. I don’t give 2 hoots about who pulls it off. As long as it happens. I am less excited about South-America, unless LK demonstrates we need it to beef up cash reserves to have a serious go at the SWP. But at some point, the M&A story has to stop. We are spreading the little resources we have over too many assets. Also, LK hasn’t demonstrated that the Steeldrum M&A was a a success. It’s soon, yes, but Q1 didn’t give us much hope that the SD acquisition added value to the company and to our mcap. So before he runs after another asset, I would want to see results, or proof that we managed to get value out of SD. Because that is always the goal of an acquisition: to create value. Remains to be seen. Coming back to your question: it’s not about my advise, it’s about the excitement LK can create around SWP for the next 2-3 years. He should come clean, lay out the facts clearly, and make a compelling investment case for the SWP underpinned with a detailed plan and ditto financials. Hope this helps?

a sale, worth a whopping £691.13 and the SP drops by almost 11%!

Agree, but we have no plans from CERP, only this: “News on the SWP drill arrived but disappointly looks considerably watered down. Big prospects and deep wells now look more like shallow/mid prospects and a single well at best.” These are the articles going around investor communities, based on official communication by the company. If they would have released a proper plan, even if for the next 12 months, than said proper plan would have circulated. Now we have a “dud” circulating. Not LK’s brightest moment!

I’d be very (positively) surprised if we got the update on ZR so soon. Very happy to be proven wrong, though.

I will now open the floor to accept all your apologies :-)

Guess I am not the only one.... CERP. The company delivered an update which investors had been waiting some 6 months for. News on the SWP drill arrived but disappointly looks considerably watered down. Big prospects and deep wells now look more like shallow/mid prospects and a single well at best. Production is down from 1000bopd to roughly 650bopd. That was a shocker and there’s no way the CEO can dress that failure up despite trying too! Mr Koot is beginning to lose some shine but for now Schroders seem to be keeping the faith with him. The next update is likely to be around M&A with a possible transaction taking place in South America. It’s unclear how this will be funded and investors are beginning to tire of the constant share placings and subsequent dilution.

hahaha!

pssst...The BOD has repeatedly said they keep an eye on the board :-)

BTW, Most people on these BB don’t except criticism. They see it as a personal attack. Peeps should have a look at transcripts of how CEO’s of major FTSE companies get grilled by ii’s during quarterly/annual report briefings. The ii’s don’t do this to “deramp” or because they are “shorters”, they challenge because they want the companies in question to improve; even if they are doing well. Some of the narrative is too simple to be true. I am a holder and if I see something I like, I say it. If I see something I don’t like, I say it too. If the tribal goon squad has issues with that, not my problem. At lest with me you get it as is; no ulterior motives with - unlike loads on here. Peace!