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The scumbags don’t have any licences for the Bahamas. Doubt if they even settled up their digs so won’t be welcomed back. As for the 150 mill they wasted of shareholders money on data and a failed drill, any major would rather play pin the tail than mix with the likes.
Next step will be 1-100 consolidation. When news of that comes out all the new million share owners will have only thousands worth less than a penny. And you will become the same as those before you, tied in until you take the loss and get out. This share is just a sham
Hey don’t take me wrong on this, I wave the flag. And not saying Colin is involved in anything untoward, but have been here before when pressure of II’s out ways the loyalty to the small PI’s. Would have thought, with the norm on this share being totally upfront we would of had an update after a month of silence. IMO the silence and bizarre trading patten has killed the momentum that was building Dec which is a shame. The trading patten of late though,when news ( excellent as expected) does hit, doubt if buying shares is going to be that easy.
After a disaster of a year with BPC /CERP let’s hope that this comes home before Feb 8th
Gary
Agree it’s not the norm, was watching today every hint of a climb, along would come a late reported trade followed by an SP adjustment. After a decent recovery today would have been nice to take that into Monday but no 3 mill+ shares from yesterday to confuse matters, god knows now how Monday starts. Wouldn’t like to think that the delay to news be deliberate to allow certain investors to gain positions while PI’s suffer or sell, after all it’s been the PI that has been loyal or the last year. Taking it that something is brewing in the background though , we can only be patient and see. Hopefully news next week
Must say, as a PI the SP dropping, I can live with as with DD see this as a fair bet. The unusual trading I would expect be putting a few off , I will regret it but it has held me back from investing more than I have. Something not the norm and needs news to resolve.
Their buys are they ? nice to think that they are. Just checking prices at the time. It might explain the buy volume being higher than sells over the last few days but still we have dropped. It’s an opinion that we have a seller in the background . Good for those that want in and top ups, when she starts north it will be a fairly sharp spike I would imagine from here, I’m quite happy to ride the wave.
Got to admit it has me baffled, I have always used LSE and do enjoy the daily visit to various boards. Having a few pots of money in shares in my retirement portfolio, I do take an interest in the daily rise and fall of all accounts, and find general reading of posts enjoyable and very educational towards general positive or negative movements especially from those that do share their findings and news associated to future impacts. I have not the time nor luxury to have level 2 viewing of trading so rely on the basics, out of all stocks I have or had I must say this one is a mystery to me. I have never known so much heavy delayed trading to previous days, nor the Share being unreasonable held back on good news. I have done excessive research on this and all is good . I am buying on the bad days and slowly building a volume hopefully to compensate for a terrible year (BPC/CERP don’t go there ) I might have come in on this one a bit late to enjoy the full benefits( avg 6 p) but do believe it has a long way to go. Rampers do stand out a mile, but honestly do find that stepping away from the rainbow now and again does not require the big brother approach. We are all here for the same reason, unless we can discuss and debate its pointless as a DD. So why the F+%£k is the SP and trading on this so wrong and different to the norm ? Sorry for the outburst.
Fatalcharm
You must expect people in their own minds to reflect on your post .
So unfair, all the comments about Simon.
OK, he was paid a lot of money, but, if P1 had found oil, you would all be thinking he was brilliant.( he didn’t so he’s not brilliant simple, the trading leading up to and during spud totally stuffed up by poor management decisions and wrongful reporting )
He also diversified the company. We would not be here if he hadn't.( most LTH are 95% - 98% down people that put money in on the placing might as well give it to charity as will never see it again, so where are we exactly)
He didn't throw the spanner down the hole. He went alone to try and find oil. He didn't like the options available to him at the time. It is drilling for oil. Most do not find it, at first attempt.(He did not like the options at the time what were they, if he had taken a 90 to 10 cut it would of saved shareholders 50 mil + for a one off drill with the backup of actually completing the drill to a depth)
I am of the opinion the Board are doing everything they can to make this work, after a plethora of disasters that have not been their fault. (The Board are doing everything they can to keep getting paid, nothing from P1 has given shareholder value just begging for more money)
I have lost money, as most of you have, but give then a break. They are professionals. We are not. (Exactly they are the ones that us mere PI’s entrusted with our money in return we get mistrustful guidance and reports, only time we see them is with a puppy dog face and begging bowl )
It will be years before the LTH’s get diluted on this share to a point that new money comes in, most would sell if it got anywhere near placing value , a lot like yourself just holding on to worthless shares. What have they in the foreseeable future, they are squirting out oil to cover wages. They wave a flag of victory that they have cut the debt, this was money they owed who will go anywhere near this company again and give credit. I made just under 8 grand back of my 56 grand loss by buying into the debt news and straight back out, that is all this is now a traders share.
So your little lets be easy on the BOD’s may just fall on deaf ears.
I’ve got over it now, but hope it is him so he may feel as gutted as the rest of us that followed his fully funded /sure thing statements. Geez remember once paying £24,000 for just 1 mill . But hey a year that has thought me a lot about AIM at my expense . Don’t know what’s getting further away the retirement age or the money I will have to actually retire. Next year Rodney.
Last I heard the BOD’s had taken on 2 nd jobs to help ends meet. Eytan selling books on his travel experiences with only the best shareholders can afford, and Potter selling magic lemonade one sip and you will believe anything. We were all greedy believed the lies and well mugged by a two snakes.
Fingers crossed with ZPHR and Dev shall just about cover my losses on this POS. This has been a fantastic BB though, with some great personalities over the last few years,BOL to all that are sitting it out
Willec
To be profitable you need to have no debt, once the 22mill debt has been settled the squirts of oil CEG have may keep the BOD in a lifestyle they are accustom to. Who in their right mind is going to invest into a 22 mill debt. And on top of that a BOD’s without a plan , if this survives it will go back to where it was a dormant share just covering wages.
As clear as night and day, lies and truth, shareholder value and not giving a toot , getting results or dilution / funding. Best way I can give an example is take a look at ZPHR or carry on here . Please look at the last interview from CEG like a down and out asking for handouts
Looks like it’s time to except CEG will walk away from the Bahamas with nothing. No Major would go nowhere near, with the latest Gov statements. Thanks to the wonderful CEG BOD letting the Licences expire, their renewal and certainly any claims to monies spent to date just ain’t going to happen. I’m sure this was another one of SC speculations how with the new BG in place would make it all happen .
I think it’s quite clear there is no confidence in the present Ceg BOD’s, yet we do believe in oil resources present in the licensing they hold . Sell up , get rid of the parasites (ceg) and as a legit company reviews and renews said licensing reinvest. One person stand up and say the BOD’s have considered shareholders in the last 18 months
Fatal charm
Not that your previous views and loyalties to certain rampers have been appreciated, I do feel for you as reality of your loss becomes clear. Eytan has never bought shares with his own money shareholders pay him ( his money is spent on world travels lovely). And as for him wanting everything cleared up by end of year great statement ( I would like my mortgage settled, I would like piece to all mankind) whatever way he gets 22 mill together a loan is a loan, he is not going to pay one penny towards it , he expects the PI’s to pay so him and his Merry men can carry on. It’s over, a MC of approx 6 mill , unknown debt no carrots to dangle and a BOD with no credibility
Best of luck lad but even luck can’t sort this , unless your mentor Starless has a get out of jail card , you hold em or sell and treat your self to a big mac
BB
There is no communication other than when they want PI’s to cough up. They are living a delusional dream with monopoly monies that they think they deserve for all their efforts. Like going to the races with someone else’s money (no lose for them they just add some more shares) I run a business, you pay your way before you take your wages. This lot are just laughing at us, accountable for nothing