Firering Strategic Minerals: From explorer to producer. Watch the video here.
Really appreciate that Chesh, thanks and you too.
I'll do one sign off for you of today
All the best ( flying tables chairs probably a few people out there today after yesterday insane rainfall cloudburst floods in the conservatory!!)
Hi Chesh,
Oh , well thank god I can't read whatever he she said as is filtered.
I won't lie , it is really painful to see the losses mount on top of losses I had over the years .
I truly believe LK and team
can help me to recoup most of that if not all.
I am now down £295,000
My current cash value invested here is £37400 so as you can see o need this to go some to recoup all of that .
Those losses are total not just from LGO CERP but many more to over the years .
Morning Neon,
You will probably be correct.
It's just i have seen and been dissapointed so many times before with my own over enthusiasm predictions for the sp and I looked back and thought what a bloody idiot.
Even with LGO then agin with CERP I felt so confident after Leo's 2017 webcast Grahps
presentation about the dramatic increase with Goudron wells only for
It not to perform to expectations .
I have even said the same as you about the GKP Shaikan affect I bought in at auction at 18p and 22p only to sell at 64 not £4.50 still on the right side though .
I have made this comparison to Gkp success on successful drill result.
I think it's more of a personal physiological protective way for myself to lessen the torture when things don't play out as expected .
So if 2019
ends 8-12p there abouts I'll be really happy as x3 x4 of where we are now and because I have averaged down heck of a lot from where I was that would still help me .
I really have learned for myself to try underexpect on sp and great if it can over deliver . Of course deep down I can't see how it wouldn't rocket in a successful SWP.
But for my own sanity is better for me to set the bar very low . Just better that way for me .
I believe we are this low and drifted down so much because for about a year now we have a several persistent sellers .
I have seen many times before when there has been a large holder/s wanting out then MMs drop the price dramatically below where it should be.
Every time buys appear they build
Up then bang large seller appears .
Initially thought maybe these are issuanceas part of up omg M&A deal but they can't be because Section 5? Prohibits this without share holders thumbs up .
So I can't see anything other than very holder/s under threshold who want out.
Maybe a bitter DL or frustrated NR and maybe some folk from the deals
that went through who felt not content and were holders.
Leo didn't say " you can't please everyone in business" there will be pleased and unhappy folk around.
So maybe it's a lot of disgruntled folk bailing not just one large holder as no holdings RNS that I have seen confirming reduction of
Holdings.
I think when the sellers have gone this will be marked up sharply finding new support levels.
I have full
Confidence in LK GS TH and team to deliver .
True Bespoke.
I think extremely positive sentiment had a huge part to play in that meteoric rise.
I still think 0.17 is dirt cheap for what we have going on and soon this will change and the SP will start a nice rise with higher support levels .
There is probably a wealth of cash sat on the sidelines form different types of investors that wait for concrete news before piling in .
If we grow nicely I also think further II's will come on board too as they will be allowed
Too. Some aren't allowed by there own in house rules as deemed to risky below a certain MC .
And just to say I didn't add on all what's happening as we already know woth WF Etc.
Morning All,
CERP are currently at 0.17p old money.
Remember we hit 6.8p there abouts ( OLD MONEY) about equivalent to £1.38 coin.
Yes there has been a share conversion and dilution and BOPD at that time was 2000bopd
far in excess of where we currently are.
Look at the difference between then an now.
-Exceptional management
- Experience
- Look at the Map of T&T now to then
- bopd is increasing using cash to reinvest in to the business to grow further . No point stockpiling cash without reinvesting or there would be no growth to more substantial cash.
Imho this is very very cheap with what's to come. Even 5p I thought was cheap as did Schroeders and others.
Yet here we are at 3.28 , I am surprised there are not more buys if I'm honest with all the complaints of the recent raise
and folks missing out on the discount. Now is the time to buy imho and see where we are by end of 2019 ( by end 2019 I'm
Expecting anywhere from 8-10p on a very conservative guess on success of WF SWP M&A with considerable dilution upon a massive good deal.
My EOY target this year has been 4.8-5.2 p and even I thought that was low as werent far off that when I started making these predictions. I had learned to take of my tinted specs after I wildly guessed wrong for 10p last Christmas ...
I wonder if CERP could do a REVERSE TAKEOVER? The larger entity would gain from Leo GS SA TH and team
expertise and recovery techniques and Stewart Ahmed Steam flood experience from Mozambique , Leo's depleted wells rejuvenation experience Gordon's financials TH MD
just a thought.
All in all a great buying opportunity right now .
Hi Peter
That was mentioned Leo's work direct to me 10million. So up to the date of that presentation he had 10m shares.
I just bought 75441 at 3.29
Hi Peter, Please can you update my total to 1,175,441
Thanks OM
Morning Peter,
Holdings To come :
im sure I remember Bigpecs said he has quite a few million and building too..!
I'm still waiting for Ed on other BB to reply, sure he said he had either 4 or 8 million.
Will confirm once he gets back to me.
Excellent Peter, Great work .
Thanks BD.
B.D
On what time frame is this 21.4p target based on ? 1 year, 2years... or more ..?
I was looking at SQZ RNS 's since 2015,
They were once 3p ( four years ago) and in three years went from 20p-to today's £1.30
They had their fair share of bumps hiccups and dissapointments along the way but it didn't stop them .
No reason with a little luck with SWP well deepening Starting sometime in 2qtr 2019 then 1st deep well 18-24 months time that if we find a lot of decent api oil , successful wf Goudron, co2 if we don't get bought by predator for 4 m , all
new assets , no reason why we couldn't do as well as their share price albeit more in circa. Or even 50-70 p would do with vast amounts of oil. Who knows if Venezuela political environment changes that within three years we pick something up in there too....
I have full faith here in LK G.S. T.H and team to deliver exponential growth over the next three years.
We have had a couple of knocks along the way, nothing major but we also had three deals done and more to come.
Goudron is not a dead duck just slow to get going RE sand issues.
WF and co2 I don't see why field development can't be increased from 3% to minimum 7-10% rec with WF and co2.
Its also being fed first rate API so CPR could be far in excess too from where we currently are with 1.3oip which was already revised up from
Previous 800mboip.
Good evening Bamps
Thanks for the reply, yes it does sound like we have had similar experiences. I like
the target for MJ20m as yes that will
Indicate we have all done alright on that night.
Will help me out so much , life changing if we could reach 50pmin of£1 or more for multiple successful
hits on twelve prospects will see us bought out I reckon . In the £s too.
I also note this share moves rapidly and can easily jump 1p in a day
So any whiff of good news ,deals ,increase above expected bopd will kickstart this coupled with WF news .
Thank god spain has gone to focus on core assets in T&T for the moment until M&A news .
Very much looking forward to Maroon and Green deals.
Looking forward to the rejuvenation's across newly acquired assets, infills etc.
We have quality aground starting with management ,assets , investors both ii and many Pi's too .
It starts from now and next update will
Start to show whisperings of what's to come .
Likewise Mike ,
I have averaged down far from the highs I was at. Still a way to go but looking better than it did .
I made an absoloute cock of myself in Lgo days and before . Bad luck bad judgement and bad management . So hoping and am confident LK will help claw those back and profits on top.
I didn't quit though and persevered through the LGO hell and kept buying on lows from
after placing at 2.4 upwards inc OO and surplus then again at 4.6 and 4.4
And several
Tranches in the high 3's
So hopefully I get it right this time .
Save the best for last I do belive is true in this case . This is my last bite at the cherry for shares so I know Leo
can do it .
What can happen with good oil reserves .
O/T
I was once heavily involved in PVR and a small company called LOGP had a 10% stake in and oil discovery of Ireland . There is further work for them to do to prove up the field and get it to production . Good reserves already in place .
I made huge losses on PVR Cut and run and interested in LGO made further huge losses but didn't sell an on an added continued adding right through CERP duration.
I only ever held a small position in L0GP about £900 I bought in those at 8p
They dropped right back down to just over a penny . The form out for Barry Road took many many years .
Finally a Chinese company invested a large amount of money .
So my point is , they have gone up 100% in the last week and a half it so.
So look what can happen and will happen with CERP
Our oil is of a much better API than the discovery of ireland which was deemed heavy and waxy and not commercial back when one of the majors drilled . Technologies Moved on a great deal since then and there discovery is commercial it's just a question of how much .
So look at Columbus energy look what we have in SWP
Look what the Waterflood results will probably show very very positive results
Goudron currently has 1.3bboip excellent API 3%rec
Should a successful waterflood ensue then perhaps that may go up to 5 to 7% haps a few percent more .
The current 11 mbo rec for Goudron could turn into 22 mbo quite easily .
Should Co2 then be implemented across that field who's to say 10 -20% could not be recovered .
Then lets not also forget that if Goudron is being fed from below then what oil is taken out using waterflood or CO2
Could be replenished from the feeder below if there are decent enough pressures which at the moment do seem to be the case .
Whilst Goudron has been a disappointment from everyone's expectations including Leos from the 2017 web cast that was only an initial hicup which Leo did also mention there will be bumps along the way and he has been right in this.
Goudron is by no means done and dusted let's wait for the waterflood results and then C02 treatment as the field is massive . A lot of value still to be extracted from there .
That in itself will propel the share price if waterflood is a success and so far with the wells charging it's a very positive start .
And that is not mentioning all of our newly acquired assets over the past year of which we are yet to see the true benefits as work is continuing across those assets.
Look at the share price of LOGP this is what will happen too CERP in the not too distant future you just need to be patient .
The mess has now been sorted out by Leo and the team and good riddance to Spain to allow us to focus on our core assets.
There is so much to look forward to with M&A too but particularly SWP and also Goudron as I truly believe that will come very
Well bloody said Bamps.
I always asked that question to the Annan why worry when not invested why bother. Why not focus elsewhere invest elsewhere. But She/He would
Never answer and just ignore.
Doubt you'll
Get an answer too.
I ended up filtering all of them.