Member Info for rossannan

Garnhiem. That’s not what CERP’s cash position is suggesting. It’s certainly hard to imagine that CERP’s initial foray into the SWP will be funded organically.

Garnhiem. Both contingent so not things that you can plan on the basis of. And it seems implausible that the drain in Spain could generate money up front anytime soon.

goupplease Good call. Make sure you get every avatar though.

LGO-fan In theory. But in practice?

Garnhiem. Resolution 5 was about “old school” placings for cash.

Scarface72 Sorry, did not see your earlier post. I don’t have any GCSEs, Maths or otherwise, but fully diluted CERP (post Steeldrum and allowing for all LIND arrangements and all options etc.) is heading towards 1 billion shares or a 50p share price at a £500M MCAP. 2 billion shares would bring a 25p share price at a £500M MCAP. Let’s say the big deal was to materialise soon and LK issued the next 1 billion shares at 4p to pay for whatever it is. Is what he buys with £40 million in shares going to cut it? Unlikely. So you can see that there could a lot of share issuance to come before CERP gets anywhere close to a £500M MCAP. I think that original reference to a £500M MCAP has misled a lot of investors. I doubt that was LK’s intention when he made it, but that has nevertheless been its effect.

Scarface72 Hand calc?

HH

Agreed. Hard data points like production, CAPEX and cash balance are always going to be more helpful than the share price (which is often more about what side of the bed the market got out on that morning). The interims next month will provide a surfeit of hard data points.

Scarface72

What matters just as much is how many shares there will be in issue if it is ever valued at £500M. If there are enough shares in issue the share price could still be 4p at that point. We know that it is not going to be 80p.

Garnhiem.

Sounds like a job for the LIND facility!

Oh, yeah, IreneKrapp - I’m her too.

TCGLOVER

Well, honestly, if you haven’t figured out by now that me and LLL and joebop and anyone else with a remotely skeptical take are the same person, you just haven’t been paying attention!

3.75p

KUMS What is the next news?

Whizzer Yes, as I said, just because something is getting closer to the value of its cash does not mean that it won’t get closer still.

Not as it turned out - just because something is getting closer to the value of its cash does not mean that won’t get closer still.

2fatcatz

There’s a lot to be said for that. A good chunk of my ex TXP money is now in BLVN, which I have been following for years and is hardly risk free. I will shortly find out whether that was a smart trade!

Yes, seems Ortoire has slipped...

That sounds a bit of a gamble.

Nosugar A good company but the sheer aggression of their strategy seems to demand a placing, more than ever now. If I was PB I would be looking into a shareholder friendly alternative such as offering existing holders, say, one for five at 15p (or whatever) instead of a discounted placing.