Member Info for Teacup64

Stan Lee has died...some good quality knives he made as well ;)

Why didn't they make the purchase when it was 2p, but instead wait for it to become more expensive?....it makes no sense.

They can't be investing based on the data accrued over several days of collection, else it would be trading on inside information, which comes back to the first question, why now and not before?

I appreciate the number you provided, but can't prove anything they say, I prefer written answers, something that can be used to prove a case of misleading information.....before you ask, yes, I have emailed several times without response.

None of the shareholders actually know the gravity of the situation. What we do know is very little, limited by the lack of detail given in the RNS concerning the damage, and the data. The rest is just speculative pi optimism or pessimism.

You say it's to "make money"....the other side of the coin is to preserve their previous 8% share capital by giving the appearance of confidence. £30k is not a lot really, and very coincidental after Fridays 4pm event. Why is there no clarification of the lack of details as of yet......either the company is not rushed to sympathise for the 50% drop, or they would rather not disclose the extent of the problem.

Seems a rather small purchase for demonstrating confidence....more like a half assed attempt to ease nerves for those who are unaware of specific details!

A cabbage(Goudron) costs 10p each. A banana(Steeldrum Assets) costs 20p each. A pineapple(SWP) costs 50p. Let's say that there is a cabbage selling business. Let's say it also needed to order 10 cabbages, and that it also had £1 in its account to cover the cost of its order. All is good! However, if that business also had ambitions to sell pineapples, without changing its order, it would need to seek funds elsewhere to achieve this because it doesn't have the money. At this point, without changing its order, the business has a few options available.... 1) It could opt for dilution. Or, 2) It could choose to take out a loan. Or, 3) It could choose to use cash generated from cabbage(Goudron) sales to later acquire bananas(Steeldrum), as a step towards affording the more expensive pineapples(SWP). When the seller next sells both his cabbages and bananas, the funds generated then allows the company to achieve its ambition of generating enough funds to become a pineapple(SWP) seller as well....call it a 3-5yr plan if you like? 4) Or you could pretend to panic like some on this board and throw an irrational wobbly when somebody critises your motives to give the appearance that their points have validity! ....I can't believe I have just used a veg seller to represent an oil company, lol ;)

...probably the "head stuck in the sand brigade". They clearly don't like view that oppose their own. Typical behaviour really!

A sceptical persons view is always useful to counter any overly positive outlooks. A sceptical person, one who doesn't hold shares, one who has loitered around this BB for years, one who can't help but mention "cash burn" on nearly every post he makes, one who manages to twist every bit of forward motion into a negative spin, is clearly a deramper, not sceptical as they would prefer to call it. Slightly more intelligent folk will understand that we need to spend cash to invest in the companies longer term ambitions, such as SWP. Steeldrum is an opportunity to help enable the company to generate more funds that we can put towards SWP whilst hopefully avoiding any dilution or loans as a result That is the logic behind the Steeldrum acquisition, not a blanket to cover expenditure.....derampers who repetitively argue the latter are not opening their minds to the investment case of Steeldrum, simply because it doesn't meet their own trading agenda. IMO, we are in brilliant hands, our base assets are increasing which obviously costs more until the value of those assets are released and realised, which in turn will give us extra cash to drive through with our SWP and S.American ambitions....We have institutional investors who also believe in the CERP story, as well as derampers who also want in, hence their constant presence around this BB....that's a win/win for all of us! GLA ;)

Just report and move on!

It is very apparent to everyone that Ross has no interest in CERP other than to slam it in anyway he possibly can, and where he can't, he will start speculating on problems. He admits not holding shares and only ever wants to make comments that have the intention of pushing the price down by seeding doubt, sometimes where it's not even due. I think it's time for everybody else to simply ignore him, and report any post he makes, dickish ones, reasonable ones, supportive one. Litterally any post he makes from now on. I don't mind him posting, but it so dam repetitive now and consumes so much of my phones data just loading his BS, that I believe we all have a duty to ourselves and each other to indirectly remove him!

The board are probably laughing right now! So let's create an equation:

CIB - BOD Salary - Running costs(now and short/medium term) - redrilling = placing.

...What percentage dilution will it take to cover that cost?

Whoops, that's a little awkward, I forgot to actually send the post I edited at 10:02.....sorry for anyone who scratching their heads. What I wanted to say.....

A known fact, given the last RNS, is that many want to sell, rather than buy. Given this, a high sell price would only open the gates to the exitting hoard, and is therefore defeating the purpose of creating a market. A market consists of buyers and sellers, not just one of them, so the sell price has to be low enough to avoid a sell off, but high enough to encourage enough sells to match the demand only. Yes I agree, it does have the opposite effect when looking at trades, but I'm sure you would rather this than the MM open the gates for all.

...regarding NEX, I hate that also ;)

Hi Joe. Is that wishful speculation, or fact?

The antenna emits radio waves, which in turn, frees oil from surrounding kerogen. It is then brought to surface using a conventional pump...I don't really see how super powerful radio waves can break something.just my opinion of course.

EDIT: Given this, a higher sell price would only open the gates to the exitting hoard

I don't think the MMs are taking advantage, I quite literally think that the spread is directly related to the MMs attempting to create a market....to allow investors to buy, an MM needs to encourage other investors to sell, if neither of the buyers or sellers play ball, the spread will inevitably increase.

I was under the impression that the system was installed, but several issues popped up causing the previous delays. RF tech requires the system being fired up first in order to gather data, I'm in the opinion that radio waves never left the antenna, and as a result, no data that could amount to anything useful about the tech was gathered. Greenthumb for the Nomad post though, it made me chuckle ;)

Hahahah.

For those that believe that data was collected.....what information was gathered, or was that said by the board in an attempt to avoid mass sell off?

Data is gathered whilst the system is running. Except for the announcemment of short delays, I don't remember the announcement being made that the system is up and running. So what RNS is it that some of you are expecting?

Ross is rather familiar with the filter though mind....I'd love to see his list as he's notorious for blocking users who opinions differ from his....just an observation whilst on the topic, thats all.

Can't wait for SWP though.

Good point. I forgot about that cash.

Considering that TOM is financially balancing on the edge whilst in the testing phase of the RF tech, and that £630k was generated through a subscription and a placing. With a cashburn rate of around £200kpm, that means that TOM's generated cash through dilution will deplete by Jan-Feb'18. It is almost impossible to think that a semi large dilution won't be happening.

Unfortunately, with no other assets or prospect, I can honestly see this shareprice sinking fast. Very fast. It will be a minimum of six months before the test begins again, and even then, TOM will need the funds for redrilling due to issues noted in today's RNS.

I hate to scaremonger, but I am putting my bet on sub 1p by the time the test actually starts. There maybe some that disagree, but I find it near impossible to believe otherwise.