Member Info for saintpeter7

I suspect it is a buy and is one which has absorbed some of all the shares sold at 1.25 the last few days.

So agree MB. I have seen this before with i3e and now the price has ticked up 1.3 - 1.35.
I invested when this happened in i3e and was handsomely rewarded - that was when the SP rose from c.60p to 1.20. Time to add here now IMHO.

No I think it was a buy because for a larger amount you would have expected a lesser price than 1.25 not a higher price.

Million share buy this morning at 1.27p part of the reason I suspect. £12.7K buy. Stakebuilding continuing.

Still selling at 1.25p . Surely, the bid would have been lowered by now after all the sells yesterday and today, unless there is a large buyer to absorb the sells.

Seems that there may be a large buy being worked today. Agree with you Chrishutch that the current price is a bargain if one is prepared to have some patience and there were some large buys down in the 4s as the SP bounced off the bottom that had been seen before.

Well the RNS came sooner than I thought it would but happy enough with a 4% increase in saleable copper and gold from the previous quarter despite as they said "........... despite some challenging mining conditions encountered in September."

The SP held up well during the day, which was a pleasant surprise. I note the early trade of £25.4K at 1.27. It appears to have been a sale but was absorbed as were the numerous sales at 1.25 durng the day. If it was a sale, have we possibly got a large buyer in the background?

With production figures for the third quarter only a few weeks away and a strong possibility of a recovery in the price of copper if there is agreement between US and China on trade, there is a good chance of a further rise in the SP this week. I am liking the gradual rise we saw last week to hopefully continue. Don’t want any spikes here thank you.

Just watched the interview on Vox. Extremely exciting prospects. 2020 is going to be one hell of a profitable year. 1000 headsets by the end of next year is not such an impossible target as the word spreads through aquarium and zoo owners as well as expanding with Al Hokair, Aspro and Merlin..

Waylow, the two major shareholders have a year after the loan notes are issued to convert them to ordinary shares. So it will only be when they have both converted that they will own over 80% of the shares in issue (supposing no further shares are issued before conversion).

Assuming conversion at maturity by the Investors of all of the principal amount and accrued interest in respect of the Loan Notes at the Conversion Price, CEIII would acquire ownership and control over a total of 151,643,990 Ordinary Shares, representing approximately 9.2% of the issued and outstanding Ordinary Shares. Immediately following such a conversion, together with the Ordinary Shares of the Company already owned by CEII, CEIII and CEII would together have ownership and control over 1,035,667,346 Ordinary Shares of the Company, representing approximately 62.5% of the issued and outstanding Ordinary Shares.

Assuming conversion at maturity by the Investors of all of the principal amount and accrued interest in respect of the Loan Notes at the Conversion Price, Lombard Odier would acquire ownership and control over a total of 151,643,990 Ordinary Shares, representing approximately 9.2% of the issued and outstanding Ordinary Shares. Immediately following such a conversion, Lombard Odier would have ownership and control over 336,888,590 Ordinary Shares of the Company, representing approximately 20.3% of the issued and outstanding Ordinary Shares.

So they own between them 64.4% already. I assume CE11 and CE111 will continue to hold their shares. Lombard may well look to reduce their holding in due course, but they cannot do that for 4 months after the issue of the loan notes or for 4 months after issue of shares following any conversion they may make.

Lombard’s right to convert at 1.4p MAY limit upside potential in the SP.

Those are my thoughts on this. I will be happy to know what others think.

Great opportunity to buy now at less than the 1.4p conversion price for the CLNs issued to the two major investors who after conversion will own over 80% of the shares in issue. Low free float. Increasing production. $5m from the CLN issues to expand production further. So undervalued.

Historic P/E ratio now down to c. 11. Looking forward with profits for the current year expected to rise again, that is very undemanding. With new product to be announced and cash in the bank, very happy to hold.

Particularly if you have Prolong lol. Excellent results and prospects.

Note that someone apparently bought 1,725,968 shares and the sold them one and a half hours later at a loss. Impatient!

Totally disagree. Most likely a farm-in in Tunisia will provide funds for developing here and the North Sea when required. Remember the company refused to take CLNs at the turn of the year. Don’t think funding will be any problem when it is required.

Regrettably nothing to get excited about. I suspect there won’t be anything until the company receives the US approvals.

Loan repayment made.

RNS stated - A further announcement will be made in due course in relation to the closing of the remaining US$2.5 million transaction with CE Mining III Rambler Limited which it is contractually obligated to fund by no later than 6 September 2019.

Only a few days to go. So hopefully, we will hear next week on this funding.

Good to see SP fairly stable at the moment whilst this and Lombard's financing get to be completed.

https://www.investegate.co.uk/live-company-group--lvcg-/rns/agreement-with-snowman-enterprises-limited/201909030700160186L/

Good to see a further addition to the characters to be produced increasing the company’s revenue.

6.75p opening