Member Info for Madmaxium

EOA don’t think you kept up to date with uk agreements with Australia we made a agreement back on March between governments you can look it up on gov.co.uk

Australian investors commit £28.5bn in major economic boost for UK

Your right burrenboy, remember too to watch the world markets regards oil no matter the positive news going on in a company it will affect the stock, this time when oil price rise into the recession institutions offload positions on to retail investors going with hype, best call is have a plan to get out and don’t fall for fomo. If you feel the panic to rush in to invest with the hype and remortgage the house and sell the dog because your gonna be rich your near the top.

Heard of being bullish but EOA is taking it to a new level,
I believe the stock will go up but it will be a bull trap, recessions are breaking out across the world, oil demand will have a break for at least 18 months, being in this stock past December is more risky each month that passes after that.

I recall from one of eytan interviews the aim was a debt of $2.5 million which the company expects and could service.

Well been called worse, personally you have very important role in my investment strategy towards this stock johnbriggs if ever you capitulate and become bullish on this stock again, I will immediately sell my position for I know the top is in…

Strange is a matter of prospective I guess, but clouded bearish judgment thrives on this board where nothing else can be possible but bankruptcy,

I have traded in companies going bankrupt creditors don’t wait for them to publish earning reports before taking action,

That’s is not what they are waiting for Johnbriggs, here’s a part of PRD statement

We await the publication of FRAM Exploration Trinidad Ltd.'s parent company 2021 Audited Accounts to provide further due diligence input into the background to the parent company's rationale for prematurely terminating the Inniss-Trinity Pilot CO2 EOR Project. The comments of their auditors in respect of how this event is described and treated in the published audited accounts for 2021 will be extremely helpful.

Loans are provided in the industry against collateral why don’t they seek there collateral if the terms have been broken A year on. This seems more of a handshake deal.

Thing that gets me, if PRD had CEG over a barrel so to speak,
Why are they allowing so much time to pass to exercise the legal action, it’s 3 months since PRD RNS about it, and 9 months prior to that they say they have tried to come to a agreement with CEG stated by them. They said legal action is beginning 3 months ago as they had no choice and now they are saying it may happen based on financials,
They are waiting to see if CEG can afford to pay it off in it financials? If they really are in the right and they have broken a contract why be so patient why be so forgiving especially for that amount. Why not produce the contract for investors to see for themselves the agreement between both party’s it’s a legal document.

Johnbriggs - let’s take it in sections

CFO resignation stated for personal reasons, now could be more to it then that but it’s only speculation no one knows the reasoning,

Legal case pending with PRD is not resolved in PRD favour nor has it even advanced into court yet, I really don’t understand why people think cause a company threatens legal action against another it means they are in the right, if that was the case a court process would be pointless.
Regards CEG bad credit history, credit doesn’t work the same way from companies as it does for you or I, risk profiles are made differently along with the process of recovery, these creditors could have taken ceg to court but haven’t then have worked out deals and accepted payables according to eytans statement, they could have bankrupted the company 2 years ago but didn’t, they can choose to never do business with ceg again and take the loss as a write down, but it’s a commodity driven business creditors are well aware of the risks, it’s a boom and bust cycle business many went bust 2 years back but ceg are still here.

BP walked away because of the downtrend in oil prices 2015 and the high risk play of deep water exploration in Uruguay they had 3 blocks of deep water contracts, it was a good call at the time there profits where not looking good for that second quarter in 2015, they risk managed and focused elsewhere on better opportunities, if oil prices climb above $100 again these high risk plays are more attractive for the majors, with the whooping profits they have made of late there will be new investment interest in Uruguay. CEG have managed to get this exploration contract at the start of the oil super cycle if it was 2026 I would see it as a dozy but right now it’s good timing to get a partner option.

I think there will be a surprise to the upside in earnings micktrick, but after the first leg up I will be out I think there is a lot of chop coming in after that to trap bullish retail investors who miss the rally in for another 18 months or so.

Hot hand fallacy works both ways burrenboy,

A buy the rumour sell the news event in the future,

Oil falls this stock will go up, recession signs are popping up all over the world oil prices will fall due to demand reduction, but the floor will be much higher due to under investment for 10 years and the reserves being dumped on the market from governments around the world which have kept prices lower but will work the opposite during a recession period along with a decline in the dollar will bolster oil prices, the jump up in this stock will be very quick as it will be from the last year’s results and retail investor sentiment will be at all time low as oil prices decline and give up on this stock, don’t be fooled this is a producing oil company and has future growth potential it’s one pull back is lack of investment that will change suddenly along with investor sentiment.

I noticed some brokers have reduced the amount of shares you can sell in one trade on this stock as of last week which could be a reason for the small quantities being sold,
Also it looks like small holders have given up on the stock and selling there positions.

You sound like you are finally turning bearish willec,

Without financials being reported the stock will sit here,

Was a good update output, I am still surprised there isn’t a barrage of negative comments picking it apart yet, maybe it will come later on today. Can’t wait ??

Anyone else think it’s odd a institution adding to its position when CEG has confirmed a delay to earning report, institution MO is to sell a delay not buy be seen as reckless with investors money not knowing the companies financial position unless you did know the company’s position?

If this is a Ponzi scheme, could you tell me what stock is not?
All EV stocks massive declines since January, most where priced in the $100s without even making a profit. How can they be worth the share price?
Tech stocks huge declines - Snapchat worth $5 start pandemic worth €83 last year currently sitting at $13
Chinese stocks cut in half
Russian stocks completely removed from western markets virtually overnight,
most renewable energy stocks major declines,
They are all affected by one investor getting paid money and one investor losing there money over and over again.
This stock is no different, the whole market could be called a Ponzi scheme as if meets the definition

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors

A lot of shaking out of weak hands in the markets today in small to medium caps, gonna be a choppy week next week.