The latest Investing Matters Podcast episode with multi-award-winning fund manager and international bestselling author Lee Freeman-Shor has just been released. Listen here.
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Nas - once again good stuff.
Thanks very much for your endeavours.
GL
IK
How convenient that they mark it as Unknown, total manipulation
That 8.475m @ 10.15 today is a buy.
GLA LTHs
Challenger went up 40% on the US market yesterday. Equivalent close of .22 !
Arch - quite so - those videos can reveal useful information- thanks for sharing!
Grolly, from the latest interview, November was mentioned as the start of the weather window for the seismic survey to commence and I believe it was mentioned that the deal would be signed off in time for that so...Sept / Oct.
Eytan Uliel said in his interview it will be in the next couple of months, so hopefully by the beginning of September by the latest.
https://1lo.co/7c6K2
Don’t disagree with what you’re saying as such but why is it ‘clear’ that it won’t be done until sep/oct ? Thanks
I think there's a lot of small investors that assumed the Chevron deal was getting rubber stamped June / July coinciding with the Charlestown deal. It's clear Chevron won't be finalised until Sept/ Oct so a lot of those small investors will be gone until end of Q3. Unless there's something else going on I'm not aware of but I don't see any huge sells and certainly don't think Charlestown would have gone in blind with an 8% share.
TGO
Don't forget Small investors will be fair game to eytan he won't consider us as his buddies
All very tragic but what investors need to remember is there’s intrinsic risk in these ventures, nothing is guaranteed and losses generally don’t come through any nefarious practices, things just don’t always work out. If you’re going to be bitter about your losses, AIM is not for you.
Guys, you should remember that a lot of people got burnt on the Bahamas mess and are very bitter about the mess created by the directors (Eytan and Simon), the Swiss bankers, the Bahamian government, the environmentalists and of course the crane operator who dropped a pipe down the well.
For example, if you look at the Facebook page, you will notice that a gentleman by the name of 'Andrew Grifiths' was extremely bullish about the Bahamas until the mess started, at which point he turned on the company and has been posting negative and bitter comments since then.
[I believe that his losses were in the region of £40,000].
It is interesting to note that Mr Giffiths is involved in the oil industry and lives in EGYPT.
The one big factor which I see as being different between Uruguay and the Bahamas is that Eytan and his buddies have a lot of skin in the game now, and IMHO it is inconceivable that Eytan will shaft his buddies.
Zag can you explain why you think that this is a "Ponzi scheme" and are you sure that you want to defame CEG and Chevron in this manner?
MM's are basically desperately trying as cheap as possible so lowering the price on any excuse as they know these price will not last much longer. 6 and 12 months from now this price will look extremely cheap.
0.1425p (or after 50:1 - 7.125p) will be heading 30p + before long when 3D gets going etc.
2 smallish sells is all I can see. Total of 4.5 mill shares and price drops 3% ?
In4cedros:
Your post of the 4th June was probably the best yet disregarding the little barb about trolls. You have made your point on this subject and you really dont need to labour any further on this subject.
I agree with eveything you added in this summary and its too the point. You state its a very risky share which it is but the rewards are very high for those prepared to invest. I think it certainly is a different league to The Bahamas.
Best of luck to you and everyone else invested here.
Unlike your mate Willec who thinks its a total given we are going to all become super rich and the oil has already been found this post adds realism.
GG
Can't understand why JohnBriggs is still here - 'Waste of Space'
Well said in4.
Have you just re-emerged from the LSE sin bin, Willec? Best stay out of trouble chap.
Zag - ' fully funded ’ is the term used before Bahamas drill but it was clear to me that this was a best case scenario with little contingency for any extra costs.
Reality was extra costs were incurred, including the last minute environmental challenge, which required a response, necessitating more capital, borrowed on what I call lender of last resort terms. This would all have been quickly forgotten if the drill had been successful but the failure gave plenty of excuses for shareholders to moan.
Quite frankly, imo, shareholders were fortunate to retain any value after that debacle and should rejoice at the current turn of events!
You should take the time to watch the CEO video where he explains the Chevron opportunity - because CEG have an exceptionally large retained interest they can, if they wish, sell some to fund a good chunk of the drill cost.
That’s an option which BOD will consider, at that time - in the meantime there are plentiful opportunities for SP growth based on multiple factors, including, in the near time, results of survey conducted by Chevron as well as excitement from Argentine drilling.
Time for the trolls to wake up to the fact this is not a Post Office Account it’s an Oil Exploration share - certainly one of the riskiest sectors in the stock market- not for widows and orphans!
Nice to see ZagEgypt finally understanding how good this is to be for CEG. Another former troll finally understanding how big this is going to be.
In4cedos
Sounds like fully funded to me!!!!!!!!
Plus the Charlestown deal was at a premium 0.168 SP So why would they buy £1.5 million of shares at that price just to see them devalued ?
They wouldn't. Buy and invest or sell and jog on.
All the best.
Zag - may I suggest you read the Chevron and Charlestown RNS to better understand the financials here.
On completion of the Chevron deal CEG get $12.5 million so no immediate need for funds.
Charlestown are also very keen to inject cash into CEG and have agreed terms - they needed the Consolidation for their backers/ administration ( watch recent directors talk video ) - appeared to be a deal breaker so CEO has agreed it, subject to shareholder vote - disgruntled ex - shareholders/ trolls fortunately won’t get to vote Zag!