Member Info for rossannan

PTMS

LK has certainly encouraged the expectation to build. He really needs to have something significant to offer this afternoon.

CD

Just a coincidence, I think.

CaptainSwag

If it does turn out to be that kind of move, I doubt that your current average will be threatened as WTI has moved on a fair bit over the last 6 weeks - worst case may now be a dip back into the late 2s. Fun and games.

CaptainSwag

It’s an interesting one. To be fair LK has played this game before re the LIND refinancing and that did pan out. The problem this time is that he has tweeted around 20% onto a share price that was already buoyed by retail anticipation. LK needs to deliver something to justify that last 20%, just to start with. The first port of call in the RNS has to be the figures, particularly the end Q1 cash balance. If they do not disappoint then the focus can turn to whatever shiny things he is dangling in front of the LTHs. If though the figures do disappoint and the market is nevertheless distracted by shiny things, tomorrow could offer a shorting opportunity.

Are suggestions that CERP has been cracking on with significant SWP drills on the QT not bordering on being delusional?

CaptainSwag

It’s a shame that doing so plays into the hands of the Board Police like that because comparisons are essential, particularly in T&T.

Ryan Reynolds was in that. It wasn’t very good, apparently.

rxdav

I hear what you are saying. I guess it’s Sodor Island Rules then. Chuff chuff!

rxdav

I would argue (and was arguing) that the problem is Admin.’s very itchy trigger finger. Admin. seems to be taking posts down simply because other posters disagree with them, not because they contain personal comments or false statements or anything like that. This is a sorry state of affairs and makes it very hard to make the valid negative points about CERP that need to be made. Inevitably the bullish posters on here greatly outnumber the sceptical posters so the sheer weight of complaints to Admin. means that sceptical takes on CERP are somewhat suppressed.

Monday.

thechancers

“So they must be doing something right at the moment to get investors back on board creating a rise”

“On the face of it, It looks promising”

You would think. In fact the rise is more about investors convincing themselves that CERP is doing something right, all against the background of firmer WTI, improving oiler sentiment generally and topped off by an anodyne tweet on Monday of this week that they were immediately all over. The Q1 update is a known unknown. If it does not live up to the expectations already built into the share price this will be back under 3p pretty sharpish.

Vmax

But CERP is not one of the lower risk ones, is it?

Vmax

Some AIM oilers are higher risk than others. Compare CERP with e.g. TRIN.

Lancygeo

But although the list gives shareholdings, it does not give the percentage of the individual’s portfolio that each shareholding represents. Do folk on here never think that instead of encouraging and applauding every top up they should be encouraging each each other to be a little more careful about how much of their portfolio they commit to a risky proposition such as a micro-cap AIM oiler? On past form, the local rampers will not offer you refunds if it doesn’t work out (I assume that onceatrader has not been distributing cheques on the QT). Everything in moderation - beware the madness of crowds.

Jim1556

You obviously haven’t read my posts if you are accusing me of repetitive bashing over the last 18 months. Until the shine started to come off him about this time last year I thought LK was a breath of fresh air after what had gone before and I more than doubled my money backing him. Not regretting selling out at just over 6.6p in the light of what happened subsequently though. Which is not to say that I would prefer the old management back!

rxdav

Don’t worry, the doom and gloom is pretty much limited to CERP! There are plenty of O&G shares out there that I like where you can see what you are getting for your money. What CERP is about is still basically a lot of PIs betting on what other PIs are going to do. Still waiting for my own bets to trigger and now considering the possibility that I set the bar too high.

ColonelDrake

As I explained at the time I would have happily bought CERP at those levels if I could have seen how its initial foray into the SWP was going to be funded. The reason that I put the money into TXP instead was because I could see how their first Ortoire drill was going to be funded (the announced placing) and TXP shares had become available in the market at the placing price. I still cannot see how CERP’s initial foray into the SWP is going to be funded so CERP’s shares hold even less attraction for me at their current level. Anything approaching 4p assumes a surprisingly good Q1 update. Those figures remain to be seen. Apart from recent progress by WTI, in what way has the investment case for CERP changed, other than in people’s minds?

Absolutely worth the risk of a modest short at the 4.25p average that I am targeting, even for 0.75p.

Stach

“a deliberately suppressed share price”

neon

“MMs together with shorters”

Please. WTI has made significant progress of late, improving sentiment (see also TXP today). But the LGO/CERP way is always to take it too far and folk have been all over the latest tweet like Pavlov’s dogs. I hope that some of the over-exposed LTHs have taken this chance to de-risk a little. Maybe the update will surprise on the upside, but the share price now assumes that it will. Happy with my sell orders at 4p, 4.25p and 4.5p. Game on.

rxdav

It’s frustrating to be this close to my targets!

Fingers crossed!