Member Info for PC01

1.70 to 2.20...thats what 25%...market makers do need to try a little harder in these straightened times!

HAYASHI - its being hammered because i'm afraid we are headed into a global depression. Albeit mainly for a short period of time. It is worth remembering that the SP is purely a place where buyer and seller can transact on anyone given day. Why pay 4p for CPX when you can find stock at 2p from people who need cash. that's the simple answer. its why gold collapsed this last month from 1700 to 1450...despite its notorious position as a store of value in hard times, it was aggressively sold by people needing to raise cash as everything else fell. CPX will get to where it needs to once it start making money. Its a crying shame its at 2p, but if one can take a 5yr look I doubt there are many companies where you really think...this could get to 10p or heaven forfend 20p. And these dark days will be left in the distant memories. For the brave, these days are full of great once-in--lifetime opportunities but its very hard when the newsflow is so intolerable bleak. I wish you and all the readers on here the best of luck. Its going to be tough, but we will have a laugh about these days one day. ATB.

Well i just bought 200k at 2p. I now have a very large round number of shares!!!

I’m afraid that’s what we are now. At 2p. If you bought at 3p its 33% loss, if like me between 5p n 10p it’s 80%. Little point in selling and little point in vitriolic posts trying to wind up unhappy holders! Cash is fine no debt time n patience all that is needed. GLA

All in all - as you would expect - a pretty decent outlook. Murata project on time and target, with first 2 shipments having left Kobe harbour en route to Sydney and next one due in April. New location found West of Sydney.
Patents - Ioxus potentially has financial problems due to product returns. I need to check my legal hat, not sure if CPX is a senior creditor in the event of bankruptcy if in a court of law? Maxwell - this si key. The ongoing victories that CPX has had means CPX has 'patent credibility'...incredibly hard for a judge to rule against them if lots of previous victories. More to come and optimism high.
Senior sales hires settling down well and optimistic for future growth. Murata had v small US presence so expect that to change.
Cash in bank currently $5.9m and exp R&D tax rebate of $3.6mm in Q4 (up from $1.6mm), so plenty of cash and pointed to Alleny note saying cash position strengthening.
Pleased with AVX - 200% growth in cylindrical cans.
Pleased with overall margin 55%.
Obviously huge uncertainty as OS says about the global economy and huge supply disruptions but not much value selling here at 2p and I think all things being equal our double digit SP forecasts for 2021/2022 easily reachable.
Hope that helps.

The RNS confirms the company continues on its way. No debt and cash to last comfortably into next year.
The comment from the OGA shows in how much regard this company is held - great news for further potential awards.
The oil price - whilst undeniably will have a major impact on the farm out - or capability thereof - what matters to JOG is where it is in 2023/4. The MAD course pursued by KSA AND Russia assures a lot of highly levered oil cos will go bust and nations as well. US shake ditto. There will be a huge oil shortage once demand comes back and admittedly that might not be to 2021 of Covid 19holdd the planet in its deathly claws for much longer than expected.
So - ignore the market, and await the sunlit uplands. This company has as good a chance as any.

I guess my only concern re the points above is Ioxus financials - if they cant pay their lawyers, probably measn they are not going to be able to pay CPX many damages for patent infringement? But delighted they (CPX) refused the first offer to settle...
On another note, I am told Mr Kongats is hosting investor calls next week in what I would expect to be a pretty upbeat update. Will keep the board posted on any news that might be forthcoming.

Hahaha - love the 'cummon SP get boosted' comment...we'd all like that. I know its pretty miserable for all of us at the moment as we await the news from this company, but ducks slowly coming into line. The hiring from Ioxus was a big clue how the court case might evolve and given successes so far that CPX has had in protecting its IP, we have to hope that settlement of outstanding litigation will be very supportative for the company. I remember in my meeting with the company that the cost of protecting the IP thru patent court action was actually pretty low for the upside/downside scenario.
When you look into the depths of your portfolio, and my god I have some depths to peer into, just keep an eye out for debt. If we do head into 2008 on steroids, it is leverage that will kill you. Central banks providing cheaper money sadly won't solve the problem. CPX is in a rather lovely position and one day, lawd only knows when, we'll be looking back at these trying times and laughing. I'm also thinking that as an exporter the collapse in the AUD$ should be quite helpful, no?

Thinking Reneuron was a bio/pharma stock. Hadn’t realised it had huge oil interests with large quantities of lowly rated high yield debt to service. Silly me.
Grrrrrrrrrr!

Cough cough - am I invited to said parties?? I know we've met once, Sir but you won't preclude me form one of your jollies, will you?

Horrid watching...like a slow motion car crash. However, this is one of those stocks that the SP at 50p or £2.50 really doesn't make any difference. We, the bulls and optimists, have cast our bets or as the French croupier might say 'faites vos jeux' and if we are right and one of Rene's options comes in, we will be many many times higher. Not for widows and orphans, never has been, but remains my single one most optimistic investment. Bon chance.

I'm with you Chester. When you are so deeply misunderstood / valued it doesn't really matter when you announce the news. Even if we doubled the SP to £3 the company is still valued at under £100mm. Which is why whether we close at £1.30 or £1.60 is just noise. Honestly believe we should be trading far north of £5, given just milestone payments from Fosun. As one wise sage said earlier, just keep hold of your shares. They are very precious.

Good morning Lord Open of Spaces, nice to get your cheery update! Can I strongly suggest you turn off your feed to the CPX share price (and all the rest of my portfolio!) and take the dog for a walk in the rain. The sellers today have no news to go on, just worried about markets in general - I am as ever amazed that CPX seems to have a correlation of zero when markets are going up and a 100% when going down, but there we go! But I personally think the fund raising done this year has set the company up and the newsflow from the end of the year will be extremely positive. But then my track record in this stock is pretty dire let's be honest! Don't lose faith now, not having held from 12p down to here...

Prospero - agreed it a mystery solved only by human psychology. On a day like this, it seems like You see all your stocks -5% and this chap opens up 5%...and you think well I have a winner to pay for the losers...and you hope the news today is good enough for a 20% rally (I think it is) but instead of the stock rallying someone sells it. And suddenly your winner is sliding back to unchanged and all your other stocks are still sliding. Sell whilst ahead or ignore the noise and watch the rest slip away? Its a conundrum. This stock has had a lot of good news recently. The best of which was the removal of the overhang. I would - personally - like to see one more deal like the Fosun one last year to ensure £££ in the bank is enough for Rene to get to where it needs to. but this is a patience stock. All the director buys and options are considerably higher than where we are trading today. One day the market will realise the potential. We are deeply undervalued.

It really is - I am beginning to get quite excited here. Sadly broader market malaise might have a more immediate impact but the newsflow is deeply encouraging.

V weird - I own a lot of JOG and mostly with Hargreaves so not quite sure what your problem might be. As per other chats, it seems like if you want a million shares or so, they have an easy call to make!

So we have Obertitia selling 1.3% or so of their newly purchased 16+%...and 2 new buyers appearing...I have no idea whether the 3 are linked, or whoever broked Link's holdings got a call from the 2 other holders saying 'any chance we can buy some of that 16% clip...?'. Still the more happy buyers at £1.50 the better i guess.

There are plenty for whom the misery of others brings great pleasure...they may not be short of the stock but have little else to do with their lives other than to rejoice in their opinion. Our friend Trigger who talks about JOG has at least gone from saying its worthless to I'll buy it at 80p...which I guess is an improvement!
I read the other day that US energy stocks are now relatively trading at a 93yr low vs the S+P - I was talking to my broker this morning who was discussing the Fad for green investments...I hope Greta has a pension that doesnt need BPs n RDSBs dividends! So we (the oil industry) are truly out of favour...but equally, it is quite possible to envisage a situation in the near future whereby there is a huge shortage of the stuff...as US shale closes and OPEC cuts...and as we can see from JOG, from finding to getting the stuff out the ground takes a huge amount of time.
So it is tin hat time. But as many of us have opined, its hard to see how JOG at some stage will not be able to get its oil valued at a slight premium to the square root of **** all that it is currently. Even $1 makes the SP worth £5+...the industry average of a farm out at between $5 n $10...well we can but dream of the day of that announcement.

is to be able to look at a share and ask yourself, if it halves from here, am I comfortable with my loss. Ajax, we had this conversation before Xmas - the problem for you and me and all of us is FOMO...we believe the story so much that this one trade might bring a new life for us, if only it goes right. So we buy an outsized position and of course, because fairy tales rarely happen, the SP does not go in the intended way. if you sell it (or think about selling it) you just know it will bounce and if you don't, it will drift. It is absolutely the law of sod.
My advice remains the same - this is a 3-4 year story. Where we are now is - weirdly - a culmination of a series of unfortunate incidents, whereby JOG now has 140mm barrels of oil under its control and is not at risk of a cash call by a senior partner who decides when they want to drill. The SP can drift and will drift but if you believe Andrew Benitz and his team, then a farm out comes in Q3-4. If it is achieved at anything like the prevailing market value (eg $5-10/barrel) and lets say JOG sells 20% of its reserves, then a cheque for $150-300mm will be in the post. And these dark days will be behind us. And the day of the announcement, all those hoping to buy at 80p will look at a share price in the £4-6 area and wonder why they had worried about 20p and lost sight of the bigger picture....
That's my view. I may be wrong which will hurt - alot - or I maybe right which will cause a wee jig of celebration. but I certainly won't panic out of this share because someone wants to sell his holding and we're in the middle of an oil downdraft. Ajax, i wish you all the very best, we are - weirdly - tied to a similar mast!

I know that feeling :-)