Member Info for rossannan

Chesh To be fair to PinWiz, Goudron isn’t making particularly significant amounts of money yet, so you could say that at the moment it’s not doing that much more than keeping the lights on. The hope is that, despite the initial hiccup, WF will gain some traction at Goudron as the year goes on.

willowpillow But how? Maybe profitable on an operational level for a while but not on a group level and, without the necessary reinvestment, not even profitable on an operational level for that long. Did he really say that?

Rugby2015 �I remember LK saying if WTI dropped all the way to $30 it would not threaten the companies existence� How would WTI dropping all the way to $30 not threaten the company�s existence? Are you sure that he said that?

No, that �deal� was a known known - if you read The Guardian�s account of his telephone conversation with GS, it suggests that it is something else.

It�s all very strange, though not as strange as EQT which has set the bar very high.

steward1 Announcing the smaller deal would certainly be a useful distraction from the hard slog at Goudron. Looking at the high case / low case graph issued in December, it is obvious that the significant growth in production in the latter part of 2018 is predicated on Goudron�s WF gaining real traction. If anyone can make WF work for CERP it will be LK and his Team but as we can see from the recent RNS there will be bumps along the road such as their failure so far to find the right angle of attack on GY-670. The important thing is that they have demonstrated the operational and financial competence to turn Goudron from a money pit into an asset that generates positive cash flow, so even if they end up bumping along the low case while the rampers continue to miss with predictions based on the high case, an important box will have been ticked. As I�ve said before, this is really about next year�s assault on the SWP and the really significant deals that LK is capable of doing. That is what will ultimately drive share price growth.

petersalkeld if, as The Guardian is suggesting, the smaller deal is still imminent, that is certainty a potential boost. Otherwise it’s a bit of a wait for either WF to kick in after its initial hiccup or some progress on the bigger deal.

There may be scope for a class action by the pre-CLN RNS shareholders here. If I was bigmj, for example, I’d at least be looking into it. BoDs make decisions - that’s what they are paid to do. Some turn out to be good decisions and some turn out to be bad decisions but the decision to down the route of a CLN on these terms was inherently flawed.

Tom_owen It�s a no brainer that the business will survive but it�s what�s going to happen to the interests of the current shareholders that is unclear. I�m happy with the punt that I�ve taken but it�s hardly a one way bet.

Jimzi You could also look at it this way - most directors have blind spots because there are so many funding/market scenarios that few will have come across them all or understand their full ramifications, but where were the advisers who you would have expected to save the BoD from the trap that they stumbled into?

but am well aware that this is now a pure punt. If you are still out there bigmj it would be interesting to have your take on all this.

Wideyed Yes, on the face of it, it looks like an intelligent gamble. The problem is that the funding snafu has thrown everything up in the air. I�ve had three very small nibbles and will likely have one more to bring this up to a small punt, but it really is just a punt - the business will rumble on in some form but the current shareholders could easily be diluted into oblivion.

This is true - hopefully for the right reasons. Not really interested in the 2017 figures as much as the Q4 2017 figures because that was a much quieter quarter for CAPEX so the net loss for that quarter should, if we really are on a trajectory towards profitability, be much, much smaller than for the preceding quarters.

Gentlemen and Ladies Your positive reaction to my absence from the BB has given me an idea. Would you like the chance to make it a bit more long term? If you would, just follow this link: https://mydonate.bt.com/fundraisers/rossannan and for more information about Purple Day, just follow this one: https://www.epilepsy.org.uk/purple Monday is Purple Day.

TCGLOVER As I�ve said before, I also post on ADVFN but in any event I won�t be posting much either here or there today as I have a Central American venture to finalise in Glasgow this evening so it�s all hands on deck in the run up to that with no spare time for the BBs.

Garnhiem. Seriously though, Di-Di-Mau?

bigdouble I thought you were an investor.

bigdouble Apology accepted.

bigdouble So you’re saying that I’m not one of the derampers?

cperkin I mainly post on ADVFN.