Member Info for Scarface72

The reason for the continual repetition in posts for the entire trading day for every day... is most likely because those posters are over invested in a single stock. Very very dangerous.

It was a nice little python programming exercise scrapping all the ramping data... very useful. Unfortunately the site doesn’t have a deramper leaderboard.... which renders it useless and biased. Hopefully the coder can add that feature.... providing balance and remaining impartial.

Nice attempt though.

Now that is a very interesting theory. Koot head of BPC could be a game changer for many.

Ideal Scenario for CERP would have been to merge with Touchstone Exploration... that would have made more sense to me. Very low number of shares in TXP too. What do I know.

Also it may well be entirely possible that an agreement behind closed doors has been made whereby the institutional investors will no longer offload shares onto the market (suppressing the share price) until the BPC merger is successfully completed. Then on the day the CERP shares are converted to BPC.... they offload the lot.

That way it keeps the private investors happy right up to conversion day.

I think the real reason the large share holders of CERP want this deal... is so short term they can sell out without making further losses by trashing the share price.

They are in my opinion no longer willing to make oil exploration a long term investment.... this was made clear by Leo regarding ‘their patience being tested’. They want out... where as the private investors (not traders) want the 5 year SWP long term plan executed and were prepared to wait.

This is where the shareholders In CERP are no longer aligned.

BPC buying CERP at a time when they should be focused on their one trick pony strikes me as desperation and Lack of confidence in their own singular asset.

Spud the damn thing... make the discovery.... collect the cash.... and then go out and buy out companies you can afford to buy.... but no... they don’t want to wait until they have a drill success.

If the BPC drill is a duster (and let's be honest... this is a entirely possible) then we as current CERP shareholders will have the fantastic feeling of security knowing that we can fall back on CERPs assets shared amongst 4 billion shares. Sounds a great deal. Where do I sign up.

Nice to see CERPS assets Increasing the value of another company. We must be in a giving mood this month.

Question is... CERP were at 2.65p yesterday before the news broke.... are the MM’s going to allow CERP to reach that price again before the votes get counted.

Yep... I’m expecting Black Friday prices on CERP and BPC today.

.... and MM’s will ensure the SP is held back on any frenzied buying as they have been doing for a while now. AIM is vey predictable at times.

The one thing that bothers me is the possibility that LK got a huge golden hand shake and step aside money.... to let the assets go for a bargain basement price. Surely not... that’s even more far fetched and would not align with the other cornerstone investors.

Well whilst we’re are on the topic of logic. It doesn’t make much logical sense to sell the entire CERP asset portfolio for £25m when the company had a mcap far greater than that in the not too distant past. That makes zero sense particularly after the Saffron SWP discovery and Suriname potential announced post covid.

Spare a thought for those that bought in at 2.65p today. Traders and all.

Who knows... maybe an even larger more lucrative buyout is on the table at a share price of 15p but only on the condition that BPC and CERP come as a package type deal.

How else would the huge CERP share holders get a return on their investment. This is very exciting to me.

Trying to read between the lines.

Either way, it was possible for everyone on this board to buy shares in CERP at just over 1p a couple months ago.... So if the big players make any money from this stock and the merger going forward I cannot see how the 1p buyers lose money.

LK was always open and transparent that he was continually on the lookout for acquisition and mergers that would materially transform the company towards mid cap status. Let's see how this latest news qualifies.

The likes of bigmj and shroeders have more shares than all of us on this board posting today. So let's see why they are so happy with this deal.

Loving the drama and volatility this news brings. I will be very interested to hear why the largest CERP holders feel this is a transformational merger.

Very impressed that this news was not leaked as it has caught everybody by surprise including the market makers. Can't wait for the next few weeks to see how this plays out.

Where did all these so called CERP shareholders come from... With CERP posts only recorded today.

Massively oversold... Creating panic. Dear o dear don't people ever learn.

Lots of people jumping to their own conclusions... Let' see why the BIG CERP shareholders think this is good strategy.