Member Info for wraith

Hi offerman,....yes, realize some will have suffered terribly, from dilution, in LOGP & PVR, as will be the case here at CERP (LGO) also,....I hold several hundred thousand LOGP shares (all held in two ISA's, with a Gross average s/p, sub last placing level, of s/p@1.3p),...I have also been fortunate, with my PVR shareholding (where I have far more Funds invested, than LOGP),.... I have high hopes for both PVR & LOGP,...as I do, with my CERP shareholding (SWP).

BW

Yes,Jimarillo,....that's how I read it ;- "contingent upon Global
concluding ((bring or come to an end) a farmout - and the drilling of one exploration well."

Source : https://www.asx.com.au/asxpdf/20190301/pdf/44341k2p19mmht.pdf (dated 1 March 2019).

Maybe, I will not have as much time, as I had anticipated, to build my Core GBP shareholding.

BW

Yep, same here SUFCESSEX,.....I'm nicely positioned myself, sitting on hands now, with a good six figure Core shareholding,...with a Gross average s/p, sub s/p@10p,...not expecting a placing, but positioned for the unexpected.

BW

I'm holding EOG, faz7475,...with ExxonMobil and China's Nexen (CNOOC) IOLAR drill this year,....Dunquin South prospect, looking good (I hold PVR, who have an interest, in Diablo & Dunquin South prospects),...EOG, LO16/20 includes the flagship Inishkea prospect (1 in 3 chance of success), which lies immediately to the north west of, and abuts, the producing Corrib gas field,....I will not be selling, any of my EOG shares, anytime soon.

BW

Not trying to pick the nadir, PerryStalsis,....working on my Gross average s/p level,...if s/p falls further, over the coming months,....I shall take further advantage, of the weak s/p level,...many more tranches, to buy here yet,...slowly, slowly, slowly, slowly, etc, catchy monkey.

BW

Yep, not long to wait now DegsyAlmomd.

BW

I'm a patience man,....been sitting tight here, for ages,...took the opportunity, to average down yesterday, my stockbroker informed me, there were only 150,000 shares on the offer (ASK),,...took most of them (130,000), should have taken them all, at ASK s/p@1.298p,....cheap as chips, at present.

BW

Just had a quick look, rossannan,....not a share I have followed,....but, I do see where you are coming from,...will follow it up.

BW

Just listened to podcast again

https://twitter.com/andy47640/status/1100409106144256000?s=21

From 06:39 into podcast, DS talks about taking SNP share of oil, giving AAOG about $2m a Month Cash Flow.

BW

The way I see it, if a low enough Gross average s/p level, can be achieved,...one can hold, for Full drill results, with limited downside, in the event of failure of drills (risk/reward),....we each have our own strategy, good luck with yours,rossannan,....with the way the Big boys, are let in at discounted placings, its hard to survive on AIM, for us small investors.

BW

rossannan,....I'm building my Core CERP shareholding, back up for SWP 2019 drill,....since we last exchanged posts, I have more than trebled my CERP shareholding,...I will continue to build my CERP Core shareholding, from this point in time, as outlined in my last post to you,....with the s/p level being so low, this has enabled me to reduce my Gross average s/p to s/p@2.58495p at present,...I always intended to be here, for Full SW drill results,....I'm in no hurry, the longer it takes, the bigger Core CERP shareholding I will build,....my original Core shareholding, that I sold around s/p@4p level, was a low six figure Core shareholding,...my targeted, new CERP Core shareholding, is considerably larger (already well into 6 figures, & have not used all my PRD Profits yet).

BW

SOUTH WEST PENINSULA ("SWP"):

Technical work is continuing to mature optimal drilling locations for the SWP exploration programme, with commencement of drilling activities planned for mid-2019 onwards. Drilling is to be funded from existing cash resources or through partnering with appropriate third parties. Exploration success in the SWP could be transformational for the Company, given the known prospectivity which exists in the SWP and the commercial terms associated with any discovery.
Source: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CERP/13928150.html

BW

Had a small top up myself Phoebus,...they were difficult to get on a T2,...but did get them.

BW

Should have put ;- "with similar upside Potential (imo)".

BW

Yes, I remember Poseidon, Manyana,....I had only just started buying shares back then,...my grandmother suggested I should buy some Poseiden, it was before they went up,.....from memory, I believe she had seen them mentioned, in the Daily Express, unfortunately, I did not Buy any,.....I used the Financial Times & Investors Chronicle back then,.....who would have thought, all these years later, to be holding a share, with similar upside.

BW

Yep, the wait continues;-

https://www.bdo.co.uk/getmedia/1d2198db-6195-442a-b415-ffd74ebb8e55/Oxus_Gold_-_Progress_Report_January_2019.pdf.aspx

(6) Extension of Administration:
"The Administration is due to expire on 27 January 2019. The Joint Administrators have
made an application to the Court for a further extension of two years, in light of the
timetable for the Partial Annulment Application before the Paris Court of Appeal being
more protracted than had originally been anticipated."

https://www.bdo.co.uk/en-gb/oxus-gold-plc

BW

Thanks gmcc,....good to know, the old memory, is still working OK.

BW

Remember, early March guidance given, on CPR, myself,.....with production from 103, end of April.

BW

At presentation, DS was asked why s/p was so low, after good 103 results, he said he did not know,.....in my case, the reason, I have kept my Gross average s/p sub s/p@10p, is the last placing, at s/p@10p.

If they place at a higher s/p level,....then I will buy further, bringing my Gross average s/p, up to the sub higher s/p placing level,....I'm always wary of placings, angelaj6611.

BW

Agree DegsyAlmomd,....raise Funds for acquisitions, after we have 103 producing,....104 drill Fully Funded & drill results known.

BW