Member Info for Scarface72

LGO - They have to try something their continuos posting of hot air has had a grand total of 3 trades this morning.

The oil isnt going anywhere if its there... no amount of negative posting can ever change that. Hilarious to read though.

Green filtered posts will have zero effect on the trades as those who are in have built their positions - and are now awaiting the results of the drill. Only 5 trades today tells you all you need to know.

Its unlikely you will convince people to sell their shares now... not enough to drop the SP to 2.3p. The only thing that will cause that drop is a duster - and even in that situation trolls will be too terrified to buy - whilst LTH'ers will probably top up even more.

Either way - your wasting your time on this one imo.

Very exciting times Magoo - I also like the fact that the majority of shares are in very sticky hands... so it has the potential to rocket - fingers crossed.

I hope your right... I'm banking on the masses not realising the value of CERP until its far too late.

62p... would be enough to meet the Mid-Cap status.

However, its only undervalued if CERP manages to prove up the assets they own.... but as its the SWP its entirely possible that there is more than £500M worth of oil under the ground in that region. Then 62p might be a drop in the ocean.

I honestly cant tell if that means the SP is dropping to 1p or rising to 4p.

For someone who is supposed to be filtered by many - they seemed to have got a lot of air play at the weekend.
Sounds like a lot of people are getting reeled in by the nonsense spouted.

Why give them the attention ?

Nice :)

I'm pretty sure a lot of people have a similar story to tell. It does sound all too familiar.

get_rich_quick - 12/13 years... Hats off to you, that is Warren Buffet levels of patience.

Hope it all comes good in the end.

Bamps... I've been on AIM oilers when they have said they found oil... That the oil flowed at 3000bopd... That the flow rate figure was restricted... and it still went pear shaped.

So quite a few steps after the oily finger or in that case it was a plastic cup of oil.

People should manage their expectations and be a little Conservative. Don't get too carried away... There is a long way to go yet.

Nothing on AIM is ever a nailed on certainty chesh... And we are talking about oil exploration whereby we can send pictures back from Mars but can still drill dusters.

It is high risk for a reason. But with high risk come great rewards. Good luck all.

All I would like to see is the presence of oil... flow rates can be sorted afterwards.

Nobody wants to see a duster.

Definitely a nasty spread to deter buying at this price.

If the oil is there or isnt... what does it matter if its discovered in September or October.

It only matters to those who have over-invested and need money urgently.

Probably due to a 14% spread to deter buyers.

Precisely Magoo. Believe it or not some people will actuallly sell their entire CERP holding based on the results of the Saffron drill.... as if that meant there is no oil in the SWP.

There are many bites of the cherry - Whether you are CERP drilling for oil or BP - though on AIM people are happy to make a loss in order to move their money elsewhere... and the sequence repeats.

Lose - Move money - Lose - Move money - Lose. .... a difficult cycle to break.

Either LK finds the oils and extracts it at commercial rates... or ALL the assets are a dud.

Shroders fully understand the risks in investing in oil exploration. They will only take a battering if they sell out before the SWP assets are fully explored. Private investors don't have that level of patience (we are talking years) so they constantly panic and worry about every tiny little detail.... cus they need the money right now - thats when over-optimism and frustration and desperation kicks in.

I doubt LK is concerned with maintaining the SP.

Whether CERPS MCAP is £20M or £40M is not much off a material gain - Its not why most are invested here. Transformational news is the only thing that will lift the value of the company dramatically - i.e. into another leauge.

Director buys on ANGS had a terrible effect on the trolls... To the point they were saying director buys were worthless.

Expect the same from the trolls on this board... As they sink to the depths of desperation.