Member Info for steward1

Quiet day but some interesting buys going through just now - a robotrader?

the ratification of the ownership opens the doors to both RHA and Zulu being progressed and there's still a healthy stash of Circum shares in GR's back pocket!

Plus... the restructuring effectively sidelines GR (I doubt if anyone will argue that this is a very good thing!) and we can look forward to having a team on board who are incentivised to deliver.

Once we're back in operational mode with all 3 opportunities progressing, the sp is anyone's guess! AIMHO!

Simply a suggestion, Craigawilde - read it again... there's no statement of fact.

GR needs to get on to the President to get this agreed. It would seem that they should now have a target of next Monday to have it approved or the lack of approval will undermine the conference!

On the other hand, an announcement to coincide with the conference could boost their message of being open for business!

I agree ShinFalls.

Long term, this is an outstanding prospect. The drift down from the high of a year ago has been painful but I think if LK's Q4 update shows that he's hitting 1000bopd or above, we'll be set for a very rewarding 2019. We're only about 5 weeks away from that update and I'm hopeful that the sp will start moving north again very soon.

I also think that there's a high probability that we see more news on deals - LK certainly hasn't finished building CERP yet!

LayLadyLay - I've pretty much ignored anything that went on before LK took the reigns. The company is a different beast altogether led by someone much more competent and with a team of real professionals who are delivering!

I'm rather pleased on 2 counts, though.

1) LK seems to have learnt his lessons from being slightly too confident in his predictions.
2) LK is getting the oil out of the ground - something which NR failed to do.

So I'm very happy with the Goudron projection, target or whatever you want to call it! And to emphasise the point, Goudron is only one of the prospects that LK has got going at this point in time.

Good spot jcgswims.

Does anyone know if the target of 3000 bopd for Goudron is a new one? If it's not new, I seem to have missed that!

Either way, it's a decent step from where they are just now but shows the potential just from Goudron alone!

It's no comfort, Phillip1976 but it's business as usual for anything GR-related, isn't it?

However, I take great comfort that GR is going fishing soon and will have minimal, if any, influence on NewCo going forward!!

I don't think that this will go to court, either - it just doesn't seem to be GR's way and the Zim gov't will not want that embarrassment! The current situation is frustrating and, yes, the sp does drift down. FWIW, I added some more this morning - we must be at an all time low or very close to it.

Clearly, we don't seem to be top of the list as far as the Zim gov't are concerned and, apart from legal action, I think GR is doing everything that he can. Just wondering if, with further delays in RHA ownership being sorted, GR has a plan B to progress with some form of restructuring to progress Zulu.

As long as GR and KME continue with their DD (only two weeks left) and confirm the deal (or make some tweaks to it), we should see the sp recover. AIMHO

Tullow's update this morning looks good for CLON in Ghana - 180,000 bopd!!!!

If we get to tap in to a fraction of that then we're set for life! Need to get that ratification from cabinet!!!

We all want to talk about CERP - just not with you, Ross!

No-one (and I mean no-one) is going to trawl through your posting history.

As someone who is not interested in investing in CERP and who has no intention of investing in CERP, I think you need to be removed from this board....

That would be rather tedious, Ross - wading through post after post after post after post about cashburn.

For all the new board members, I think you need to justify your presence on this board!

You didn't answer the second part of my post, Ross.

Why have you got a vendetta against CERP? Come on, get it out - you'll feel better for it!

You've got yourself totally fixated on cashburn, Ross and you're ignoring everything else that is going on. This infatuation isn't healthy and shows your inexperience as an investor...

Oh, hold on, you're not invested... please remind me - what's your interest here?

Did CERP sack you or not give you a job, have you got some history with LK or one of the other directors... really question your motive for being so interested in this company???

Ross, You're repeating the same arguments quarter after quarter and your way of the mark quarter after quarter.... give it a rest, laddie!

Looks like we're heading north again. Has something leaked?

Is this directed at me, Acker?

What's your alternative plan, Chippyjo?

What is your alternative plan, Acker?