Member Info for Madmaxium

It’s not good news seahorse, it’s a loan secured against ordinary shares which your on the hook for, and is paid back in share sales, this is a future liquidity vacuum and debt as and when they wish to redeem them within 36 months of drawdown.

the long stop date has been extended again another 3 months which is why this loan was made necessary the money from the sale is delayed.

This looks like they are running out of cash flow even in a high oil price environment being dressed up as a good thing, CEG has now committed to a do or die mentality in Uruguay , this is building into so much risk in something going right again just like the past error in the Bahamas.

Eytan buying more shares is not a good sign he is trying to convey confidence in the company but it’s exposing the opposite.

He gave an interview a few weeks back explained all the money spent of production increases failed and effectively did not improve production, where is the RNS explaining this to investors? Instead a YouTube interview told us what we should have been updated on back in Feb and now it’s august, shocking!

John! Back from your sabbatical, i was concerned the bulls had chased you off with their ganging up on CEG biggest bear.

Good to see you here again.

You sure in4 - it was a conditional sale on getting the MEEI permission, are far as I am aware no update has been given, with an end date of 31st august for the sale.

There is a lot of reasons why it is increasing Euston not really one direct link, the chart on the monthly is setting up for a breakout to next resistance level,

It will probably be pinned on CEG and PRD concluding sale soon as 29th of this month is long stop date.

Ok icemax, I can respect you, calling me out on that let me explain what happened in that time frame to back up my call and what changed outside my ability to expect,

First the back up to my call,

Oil prices were $120 a barrel

CEG was about to report accounts - showing positive improvements debt written off substantially and balance sheet cleaned up.

Dollar looked to be topping out that month, low dollar benefitting markets outside USA also is a tail wind to oil prices going higher,

U.K. market was apparently avoiding a recession but they just changed the definition lol along with USA!

The pound bounced off support and looked to be going higher a plus for U.K. stocks,

Sentiment in CEG was very low we seemed to have created a floor in SP and bounced up the previous month,

Things that changed that month

CEG delayed reporting accounts

CFO left beforehand

Pound had a fake out and dropped to new lows over next 3 months

Dollar rallied to 114

Vix dropped like a brick liquidity was magically pumped in interest rate increases jumped massively 75bps for 3 months consecutively in USA to support dollar upwards pushing all other currency’s downwards and the old dollar milkshake theory was shown to be true, caused pound to tank as boe was forced to try to match usa in rate increases to save the pound.

Oil prices declined from June onwards due to oil prices being linked with inflation, rate increases and dollar strength forced it down affecting CEG bottom line.

The tide turned very significantly in June 22 for the next 3 months till October where we saw the next bounce in CEG to its high in Feb this year, eytan started his crusade on Uruguay stopped talking on production increases marked the top for then,

Things changed but this was only a delay in my opinion look at dollar & pound now we are back to June 22 - oil prices have been climbing gradually regardless of huge rate increases any drop in rate will fuel oil, vix spikes in late summer historically, they may have delayed the outcome but can’t change the outcome.

Markets had a 1% odd of massive interest rate increases in 2022 last year 1% these factors affect all stocks not just CEG, understanding the bigger effects gives you an insight. June 22 was a epic turn around in outlook, I am cool with the fact it didn’t play out how I thought, but 50% increase for Oct to Feb or 8.5% from June 22 highs is still a rise if I want to be technical about it I do stand by a increase SP prediction but not as high as 5p that’s 500 million in market cap wishful thinking tangible and non assets are £198million earnings on top 2p to 3p range is great price then a consolidation. Long explanation but needed I am not just picking a penny and going that one will do me, there is many factors driving the opinion I make.

Icemax it was march this year and yes explained it was based on the vix movements in the market, everyone has been stunned by the vix for the last 4 months and how low it is, even to suggest it is broken with all the turbulence in the world.

It’s not broken the fed has been secretly providing ample liquidity to markets hence killing volatility. They have been sucking out this liquidity to fill the treasury accounts again so volatility is about to strike once again,

Reading tea leaves isn’t apart of it, understanding the market is the game and sadly it can be manipulated to seem broken but it will correct always does drastically now manipulation is gone.

Putting in my view,

I actually think we are about to see a rally begin maybe short lived , next month looks good from the chart formation and my analysis,

Your right Druid, past does matter… things have improved for the company in last two years, new shareholders can learn from how long term shareholders have been treated in the past, as these tactics will be implemented again in the future on new shareholders.

A reverse split is a given with so many shares in issue that then will give way to a dilution into the hope phase of this stock catching many off guard once SP rises and people believe in the future of the company, these dilutions will come along no doubt eytan is on a land grab spree and it’s a weight on the portfolio if there is no money to fund any work programs!

For the short term I see a rise here as P.E ratio is low, pound has picked up and oil has held steady at 70 or above for the last year so far all good for a company like this.

One thing for all to keep in mind is the anniversary of 2014 oil market collapse is next year markets love to remember the past! Keep a look out!

Don’t know how that’s possible simply Wall Street, showing earnings before they are published here,

Looks good CEG became profitable

Although I have found it funny how the market is here, it should be buy the rumour and sell the news but here it’s sell the rumour sell the news sell every time you get a small rise.

The market really doesn’t trust anything here,

It should be, along with their tax rights offs from previous years it should be a good earnings report this time around.

I was beginning to think it was a new term being used, seems rushed the statements.

Glad earnings are coming out tomorrow a better look at their progress.

Alhambra9 - you keep mentioning these investors as if they are gods to the success of this company, don’t make other peoples investment your thesis for investing in a company, you will be burned very badly, history is full of people who thought a company would never fail cause they had support of major shareholders and were very wrong, check out hertz history, Thomas cook they are very recent both cases big fish investors pumped the stock and pulled the rug on people believing them as supporting the company. I remember reading the exact same comment back then as you are making here and those investors were wiped out.

End game big fish will always make up their losses out of your money they are not on your side.

One thing about these old wells it the carbon credits, eytan maybe thinking of reusing them for this purpose

Dumper16 who is your broker, sometimes they take the order and place it a close of business day

Earning release tomorrow?

You too John, I understand your viewpoint of this company and why you feel the way you do…it’s fair CEG have treated previous holders very poorly put mildly, dilution to death and false promises. I dislike how eytan blames previous investors for the reason the stock is where it is, completely void of the fact CEG decisions is what made the stock crater this far.

I have a tp locked in after that hits, I am out this stock its a one shot pony in my mind. I feel it will be priced to perfection with no view of downside risk as if they found oil then suddenly reality will hit epically.

I have said I see upside to this stock many times I am invested sold a portion at our previous high I have bought back, I disagree with lack of production focus or shall I say magical change back in February which I commented on and took into account what you mentioned John about the flip flop of eytan and I raked over old videos and interviews he has done and see the flip flopping you speak about along with the extension of every 3 months than moves to 6 months over and over again during the oil bear market.

but have to remind myself of what a friend told me who was a good investor saw things in a very different way to the norm,

It doesn’t matter what you believe as a investor, it’s what the market believes that matters to make money.

As far as I can see the market is warming up to a rally,

Timelines are impossible to predict too many variables in the way,

One indicator I am watching for is oil prices bottoming $45-$50 before the next cycle up this would be a prime to farm out as low oil price spurs growth,

I believe this will happen at some point this year but leaves very little time to react and buy this stock once it occurs as the correction will be fast.

We all know analysts are wrong 98% of the time but I have been tracking what analysts have been forecasting for this stock

As CEG was processing debt and looking at collapse they priced it at 5p back in 2022

Then once debt was dealt with the forecast jumped in 85p

Currently the forecast since Uruguay block work being done jumped to 341p by 2028 it’s an analyst opinion but is interesting to watch as a sentiment gauge.