Member Info for Madmaxium

They disclosed last year that there wouldn’t be a raise done until march if it was required due to the last one they did they would need a prospectus for further raises which wasn’t viable due to extra costs.

Your fire sale theory doesn’t hold weight John, this asset was a low producer and has attractive terms if they wanted to get back in with it. My theory is CEG is doing the right thing by increasing cash flow oil prices are going to dive soon they need to beef up there cash position whist competitors are getting into further debt its high risk right now, a shock to the oil markets on the downside could be a unseen risk by many producers with Russia situation being used as a bullish excuse for investing into wells and increasing expenditure increasing cash position is a good move, you never know who may suddenly struggle and being in a position to acquire gems is a smart move.
It has been CEG Mo for a while they like seeking potential acquisitions.

Micktrick that comparison is hilarious on the SP never heard that one before,
3 month chart shows inverse head and shoulders started July 2018. SP is being suppressed by market makers this stock is worth a lot more than current price any buys are being matched with sells and sells are being bought up by the close of market each day to keep sp from spiking, off and on the exchange someone is very focused on accumulating here at these price levels without pushing up the SP and waiting out retail to get impatient it’s clever.

Takes months cause it’s on the monthly chart lol! Pretty standard stuff that a flush out happens before big moves to the upside,
I was gonna type out a defence to my analysis of this stock but I thought naaaa he’s not here for that constant repeat of how terrible the board is, is the MO funny enough I read the exact same comments about PRD now everyone loved them a few weeks ago with that legal case against CEG what a epic crash it had.

Looking at the techs we are going to retest the low made months ago and chase out any weak hands in retail with millions of shares bought after the bullish cross on the daily,

25th of November I stated it to be exact, if you know what to look for the charts tell you what is going to happen,

Well it’s interesting isn’t it John, I said a couple of months ago PRD was going to 5p, seems the charts showed what was coming long ago regardless of investors sentiment which was bullish or fundamentals in the company that they all spoke so confidently about, the drop was much worse tapped below 3p today.
CEG charts is telling us where it is going too regardless of all the bears here,

Ra11adw - you’re right, but hang on the bearish crew will be along shortly to smash any optimism for investing in the stock.

Ah John your incorrect in all your bearish negative posts about this company you forget there is a record,

Draw your attention to a post by you dated December 20th

“Remember the esteemed CEO, Etan, told shareholders that predators claim were without merit. Today they sell off an asset to save themselves from litigation and bankruptcy”

You did say they faced bankruptcy against predator I didn’t conflate matters. It’s you who can’t remember what you said.

You been right about your bankruptcy call so far John, give us a shout when you get positive about this company and I will sell my shares top is bound to be in…

lol John, the art of timing… watch the vix it’s just bottomed now up we go!
This stock will have a massive rally and it’s nothing to do with retail investors they follow sentiment stock goes up they buy!
Market fundamentals are playing out perfectly.

Khonsu your point is valid, but where is the risk management in this situation you have described, holding for 20 years is not a strategy its hope.
To new buyers and just anyone new to trading is risk management set a price target to sell if the stock turns against you, no one likes cutting it’s painful to lose money but if you don’t it leads to your situation, that should be the lesson here. I hope you can regain some of your losses in this trade, but I hope more you have a risk management strategy in place now.

If the vix rally’s up to 45 to 50 range oil will tank, that’s the moment I believe CEG will launch up as its a catch up trade from all the work they have done last year and traders here to make a quick buck will sell off seeing oil fall.

Lol John don’t know where your pulling that from I said dollar falling money would come to U.K markets and depressed oil stocks would benefit, I also said oil would fall when everyone said it would stay in the $90 to $100 range, and I also said we would have a break out a couple of weeks ago and a run up to march, after march I am less confident short terms, the vix is the only thing that’s not moving right now but that could change shortly.

I do find it fascinating how fast the news is being sent out from the rns this morning that’s really already has been said previously,
I think this will be our run up to march now once it gathers steam.

Correction 230 million

Thanks for pointing that out in4cedros, gave it a read only one block left now, shell has picked up 3 blocks around CEG,
It’s good news, it said CEG only has to spend less then a million to complete its work while other majors are spending 250 million over next few years.

100 million court case against CEG and somehow PRD ends up paying millions out someone got swindled and it ain’t CEG.

You’re a hard man to please John, CEG’s biggest bear title goes too…
It’s good news selling an asset is not an admission of a potential litigation failure, it’s a smart move to clear an asset that’s not benefiting the company and both companies can use it as a win. If PRD are so certain of success in a court they wouldn’t have agreed to buy, if they had won the case all legal costs would have fallen to CEG to foot the bill, PRD could have taken the house but didn’t and mutually agreed on a settlement.

Give it a few days and the fan boys will be back hyper pumping the stock by Tuesday just as it start to sell off.

Lol :-) it will breakout,