Member Info for steward1

Ross,

the extrapolation is still guesswork because you do not know what is actually happening. You are guessing!

You don't know the current Capex, you don't know the current bopd - you are guessing!

You are naïve (or counting on other people's naivety) for implying that LK shouldn't spend the money that he has available to him. And, in spending it, you are misleading people to say that CERP is losing money hand over fist... LK is investing... that's what you need to do to create profit.

I'm always highly suspicious of someone who attempts to dominate the discussion with their own made-up narrative, some of which (e.g. Steeldrum) borders on a conspiracy theory.

If the sp was ever to drop to 3p and you did buy in, I have no doubt that your narrative would change to suit your own personal need to see the sp rise.

Your misrepresentation of everything that the company has said to the market is shameful!

The point is Ross - you don't know. You have no facts about current production (LK has committed to update the market every quarter on production). You have no facts about what the current Capex is and what the current expenditure is. You are simply guessing.

Your notion that LK has deviated from the roadmap is also guesswork. My guesswork is that Steeldrum was always part of the plan and not a deviation. LK said as much earlier in the year - he told the market that he had some deals in his sight! I'm happy to say that it is guesswork.

Look at the chat rules - 5c, I think- stating your guesswork as fact is misleading!

Again ross, unless you have access to the current daily production of Goudron, you cannot say that production has plateaued - you just do not know. You have to stop stating your guesswork as fact.

Ross - you've used the present tense - you've said "is" losing money. I don't think that you can say that they are currently losing money.

Rossannan,

I've got to take issue with the statement "CERP is losing money hand over fist." Unless, you have current and up to date access to the detail of CERP's financial ins/outs, what is capex and what is not, this is a very misleading statement. I assume that you don't so I think you should withdraw that statement.

Apologies - I should have looked at the date of the interview. It was posted this morning in this thread and it's from the end of June. Nevertheless, a timely reminder that Cadence are very positive about Zulu.

My excuse is that I was out of the country at the end of June without a wifi connection and didn't hear it originally. What strikes me though is that Cadence will be running the Zulu show... very positive from my point of view.

I'd put it down to the Cadence interview, kayzer. Have a listen - it all sounds very, very positive. Looks like the purpose of the interview was to talk about Zulu.

Very good interview! My reading is that the Cadence investment is a done deal!

Very upbeat and positive. Interesting timing - just before the PREM AGM. Could we have some concrete news tomorrow?

Chesh - I feel a purple RNS coming on after the team's stay in Trin doing the business to incorporate Steeldrum. Greater savings and potential production? You never know!!!

Can we show Ross some love? Really feeling for him - I think he really, really wants to invest in CERP. The constant posting is a sign of insecurity... continually trying to justify his position.

Come on Ross (if you're reading), you're more than welcome to join in the fun. No-one is going to think badly of you if you decide to buy!

Thanks Charlie - you make a fair point regarding the asset value.

I suspect GR needs some cash to re-start RHA? Whether he does or not, he will probably want some!

Apologies for harping on about GR but I do wonder why he isn't on the (re)starting blocks. I don't accept the ownership issue as a valid reason for RHA to be standing idle.

Charlie,

I agree - it looks like the sp has now bottomed. If GR dilutes again, the sp might drop but this time around I reckon that the dilution will have a positive effect. GR has not had the cash to do anything for the last 7 months and my own view is that he needs to accelerate RHA. And if there is a choice of retaining all of RHA and diluting with giving away part of RHA and not diluting, I would go with the former. What he needs to do though is to allow the sp to recover before he jumps in.

Microtan - I sense that your posts tend to give GR the benefit of the doubt and almost give the impression that everything has gone to plan or that there is a reasonable explanation for delays and missed targets. You've got a generous spirit, perhaps, only matched by GR's optimism!

Before anyone accuses me of being a troll, I should say that I've started adding again having previously started selling at around 0.23. I did not expect to be adding PREM again but the Zulu deal, the election and GR's role being split has convinced me that we'll see a significant recovery in the sp

I am under no illusion that all will now go well - there is still the risk of the GR effect. Personally, I would not have added again if GR had not split his role - I'm relieved that he now has someone he needs to answer to and I'm hoping that his own performance and decision-making will improve. Whilst he is making some of the right noises (he has done that before), the jury is still out. I would love to see him succeed and to end his reign at PREM well.

But I DO get rather frustrated when he requires more external consultation and help to determine the right course of action - very frustrating that he is looking at 4 separate options for RHA... perhaps, the last 7 months could have been used more productively to have the right course of action ready to move with. It's this kind of poor performance that is a drag in the sp - the market isn't usually wrong.

So whilst some of you guys are applauding the removal of some LSE accounts, the key to the market reflecting the true value of the assets is GR delivering! Personally, I think that the sp would recover much more quickly if GR handed over the CEO role as well o someone focused on delivering.

Mal - I'm hoping that you're not referring to me! You've not addressed your post to anyone specifically and one might assume that you're directing it at the last poster before you!

I've got some sympathy with your view about GR, Juste but you're wasting your time highlighting missing decimal points!!!

He's got to be right some of the time, Crazy... he says, clutching at straws.

Let's not have the Xulu/Crazy show again though...…. please!

I'm happy to say that I've called this one wrong a few times and I started reducing at 23p down to 18p but I have added in the last couple of days.

I started today with some optimism that we might see a rise (which we did, this morning). A fall back isn't surprising but my worst fears haven't materialised yet... dropping like a stone to 10! What is interesting is that so far there have only been 114 trades (as far as I can see) - I imagine that some of them are the same people. Some will be day traders and I suspect a lot of holders are still holding. You can't trust the categorisation of buys v's sells on any site but looking down the prices, there have been more sells than buys BUT there has not been a mad rush to the exit.

Granted, we're not at the end of the day yet but I'm rather relaxed with my holding today. The Cadence confirmation will come along as and when, and I suspect that we'll see a jump and re-rating on that news. After today, we could see the selling ending, shorts closing and the sp slowly rising.

I'm hopeful!

I think that he's done enough for us to see a rise today and for the sp to stay higher.

I think confirmation of the Zulu deal will see a further boost to the sp.

I can't see RHA contributing to the sp until it is re-started. The ownership issue seems to be a red herring.

Looking forward to a good day!

Cheers SL.

Should we expect trading to re-start today?

Here's hoping that the Annual Report signals the beginning of a turnaround. Pretty sad reading but there's a chink of light appearing.

The Circum liquidity event has been kicked down the line again which is disappointing.

As a start, I'd like to see an official announcement stating that GR and others are taking 50% of their remuneration in shares. Completion of the Cadence deal and confirmation of the approach for RHA need to come soon.

Like most other holders, I guess that the sp drop is disappointing - the market is saying that the reported bopd is below expectations (whichever way you cut it, it is, at the very least, slightly disappointing) however, I've got complete confidence in LK and his team that this minnow will grow in to something quite remarkable.

I think someone suggested that Steeldrum was plan B... implying that plan A wasn't working. My view is that Steeldrum has always been part of the plan and I suspect over the coming months and years that we'll see more additions including that transformational deal that is anticipated.

The investment by Schroders gave LK some cash to work with - sounds like some on here expected LK to stuff it under the bed and not use it... and then, because he is spending some of it, they're implying that we're now making a loss or we're not cash positive... a rather naïve view... don't be taken in by this de-ramping.

The question is whether LK is spending it wisely to get the best bang for his buck... I'm totally confident that he is... every penny of it.. and, as always, the results will come after the spend... let's see how we stand in 6 months, in a year, in two years!!!

Each deal that LK has done so far has been outstanding Apart from being optimistic about this 1st phase of output from Goudron, he and his team are doing a cracking job. He's not just changed the narrative about CERP, he's changed the direction of the company.