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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Challenger Energy Group Plc | LSE:CEG | London | Ordinary Share | IM00BPLZ1D89 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.05 | 0.54% | 9.25 | 1,329,807 | 14:33:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 9.00 | 9.50 | 9.75 | 9.00 | 9.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 4.02M | USD -19.56M | USD -0.0932 | -0.99 | 19.31M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:58:58 | O | 250,000 | 8.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/1/2025 | 07:00 | UK RNS | Challenger Energy Group PLC Holding(s) in Company |
| 07/1/2025 | 07:00 | UK RNS | Challenger Energy Group PLC 2024 Year-End Letter to Shareholders |
| 30/12/2024 | 07:00 | UK RNS | Challenger Energy Group PLC Holding(s) in Company |
| 04/11/2024 | 12:58 | ALNC |  IN BRIEF: Challenger Energy progresses Uruguay testing; CFO resigns |
| 04/11/2024 | 07:00 | UK RNS | Challenger Energy Group PLC AREA OFF-3 Work Program Update |
| 01/11/2024 | 07:02 | UK RNS | Challenger Energy Group PLC Updated Corporate Presentation |
| 01/11/2024 | 07:01 | UK RNS | Challenger Energy Group PLC New Share & Option Issuance |
| 01/11/2024 | 07:00 | UK RNS | Challenger Energy Group PLC Resignation of CFO |
| 29/10/2024 | 17:06 | ALNC | Challenger Energy Group completes farm-out in Uruguay to Chevron |
| 29/10/2024 | 07:00 | UK RNS | Challenger Energy Group PLC AREA OFF-1 Farm-Out Completion |
Challenger Energy (CEG) Share Charts1 Year Challenger Energy Chart |
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1 Month Challenger Energy Chart |
Intraday Challenger Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/1/2025 | 16:04 | challenger energy group | 21,875 |
| 07/3/2024 | 14:24 | CEG-Official Thread | 64 |
| 15/2/2024 | 06:28 | No Insulting CEG thread. | 32 |
| 09/5/2009 | 07:42 | Education is the future | 2 |
| 19/8/2008 | 13:59 | Corsie Group PLC | 179 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 25/1/2025 08:20 by Challenger Energy Daily Update Challenger Energy Group Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker CEG. The last closing price for Challenger Energy was 9.20p.Challenger Energy currently has 209,881,322 shares in issue. The market capitalisation of Challenger Energy is £19,414,022. Challenger Energy has a price to earnings ratio (PE ratio) of -0.99. This morning CEG shares opened at 9.25p |
Posted at 24/12/2024 08:34 by arrynillson arrynillson7 Aug '24 - 09:25 - 21583 of 21771 Edit 0 1 0 Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:- arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! @Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 18/12/2024 20:26 by bigsi2 The maths ....AREA OFF-1 READ-THROUGH VALUE FOR AREA OFF-1 Chevron is a quality partner of choice with full operating capability Validation of CEG's work, and technical / aboveground merits of the asset Immediate value realised and significant value and optionality retained Material upfront cash: $12.5m Substantial working interest retained: 40% Sizeable carry through an accelerated work program Full carry-on 3D seismic campaign (up to $15m net to CEG = up to $37.5m total seismic costs) 50% carry on initial exploration well if drilled (up to $20m net to CEG = up to $100m total well cost) A high value transaction that has not been fully priced in to market value Interest acquired by Chevron Interest retained by CEG Cash on completion 60% 40% $12.5m Firm seismic carry (net to CEG) Contingent well carry (net to CEG) Total payments and funding to CEG Implied value paid for 100% of block Implied value for 40% retained interest Value of cash + carry + retained interest (net to CEG) Farm-in contemplates up to $50m spend (initial entry + 3D seismic) and potentially a further $100m (initial exploration well) in respect of a 60% working interest Implied read-through value for AREA OFF-1 only: ~$79m = ~25p per share |
Posted at 04/12/2024 07:45 by arrynillson in4cedrosPosts: 6,009 Price: 5.375 No Opinion RE: RE: $12.5M banked3 Dec 2024 00:26 GarryGraham - many thanks indeed for your enquiries. Your first enquiry was rather strangely worded as you’re asking me to confirm when shareholders will be receiving a dividend from the share of the $12.5 million. I haven’t previously indicated dividends will be paid hence the strangeness of asking me to confirm ‘ when ‘. I do not foresee CEG will commence payment of a dividend for many years to come, even if the Uruguay drill is a big success! If this company continues to trade successfully with a succession of positive RNS I expect the share price to rise to reflect those achievements. If the share price does not rise to reflect the true value of the underlying assets the company will become vulnerable to a Takeover bid from another company who have appreciated the value and believe they can convert that for their own shareholders. A T/O bid is a very common way of dealing with smaller companies. At the moment CEG have the $12.5 million but, as I suggested previously, it’s likely they’ll spend some of this on developing OFF- 3 as that’s obviously sensible and would be fully understood by most shareholders. I’d also speculate some cash will be spent on Trinidad as I believe it’s likely they will have a priority list of projects that have been discussed for years and agreed as being very worthwhile on ROI basis - just waiting for the cash to fund it. Before readers become alarmed I must stress this is merely my own opinion - I have no evidence from CEG to back it up so it could be complete tosh! If they can increase bopd from Trinidad by say 200 it would likely make the company profitable, including BOD expenses, whereas, at the moment there is a monthly drain of around $1800. Regarding the humongous additional benefits to shareholder value I’m referring to the Chevron deal - the main financial benefits I’ve cut and pasted from the RNS:- · Chevron will pay to CEG US$12.5 million cash on completion of the Transaction, these funds will be used to support the further development of the Company's business. · Chevron will carry 100% of CEG Uruguay's share of the costs associated with a 3D seismic campaign on AREA OFF-1, up to a maximum of US$15 million net to CEG Uruguay. · Following the 3D seismic campaign, should Chevron decide to drill an initial exploration well on the AREA-OFF 1 block, Chevron will carry 50% of CEG Uruguay's share of costs associated with that well, up to a maximum of US$20 million net to CEG Uruguay. As the current market capitalisation of CEG is just over £13 million and the recent banked cash is $12.5 million I don’t believe I’m outrageously ramping this in suggesting that the share price doesn’t reflect the value of the Chevron additional benefits plus the value of Trinidad assets together with any value for OFF- 3 ! If the Seismic is favourable and Chevron confirm they will drill OFF- 1 the pre drill value of CEG will increase as minds of investors become more focused on the potential benefits of success- it’s a phenomenon that’s pretty common in Oil Exploration. In that scenario those shareholders who don’t want to take the risk of the drill may well find they can exit the share at a good profit, thereby benefiting from the humongous additional benefits of the Chevron deal, without oil being discovered! As I have mentioned previously I watched a video from Eytan post Chevron where he ventilated the idea that CEG would have the option to sell part of their 40% interest in return for a free carry on the drill costs. If that happened and for example Company XYZ agreed such a deal for say 20% it would be apparent to the market what the cash value of CEG remaining interest was - it would be equivalent to the cash sum Chevron billed CEG for the total 40% interest drill cost. Outside investors note these details and do their own calculations on CEG NAV - should logically lead to a substantial pre - drill share price increase. Glad to have this opportunity to explain this concept to you Garry - I suspect you weren’t the only one who couldn’t understand the exciting potential here in the pre - drill phase! I’m thinking this is quite a revelation for you as it seems like you’ve invested in this share on a shyte or bust basis - It occurs to me this may make you more comfortable with your shares but, as always, DYOR Garry! |
Posted at 22/11/2024 18:04 by arrynillson Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) !arrynillson 7 Aug '24 - 09:25 - 21583 of 21771 Edit 0 1 0 Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:- arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! @Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 15/11/2024 14:04 by arrynillson Wow if you think he got it wrong at those prices what must you think of the troll who urged readers to sell at 0.04 - read on to see who that was ROFLMAO!Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) ! arrynillson 7 Aug '24 - 09:25 - 21583 of 21771 Edit 0 1 0 Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:- arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! @Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 11/11/2024 16:54 by arrynillson Disgraced Compulsive Liar 12bn - no wonder truckloads of Pampers are heading in your direction to deal with your incontinence problem. If you can’t hold on to it when considering BigSi’s buys think of those that sold on your advice @ 0.04p ( 2p in post consolidation money ) !arrynillson 7 Aug '24 - 09:25 - 21583 of 21771 Edi 0 1 0 Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:- arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! @Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 01/11/2024 10:52 by 12bn Group PLC("Challenger Energy" or the "Company") New Share & Option Issuance On 29 October 2024, Challenger Energy (AIM: CEG), the Atlantic margin focused energy company, announced the closing of the farmout of a 60% interest in the AREA OFF-1 block to Chevron (the "Farmout"). Consequent on closing of the Farmout, new shares and options will be issued (the "Share Issuance" and "Option Issuance", respectively). Details are set out below. Iain McKendrick, Non-Executive Chairman of Challenger Energy, said: "Over the past three years the team has completely transformed the Company, migrating its exploration focus to Uruguay, securing quality assets of global interest as validated by the successful farmout of AREA OFF-1 to Chevron, and it is now looking forward to upcoming value-adding activity across that portfolio. The Company has also attracted new investors who understand our potential and who are committed to Challenger Energy for the long-term. We're fully funded, with a strong balance sheet and no debts or unfunded obligations, and therefore no need for any additional capital in the foreseeable future. Thus, whilst the share and option issuances detailed are administrative, they're also a milestone, in that they represent the definitive conclusion of the transition of our Company to where we are today. The runway ahead is clear, opportunities lie before us, and the Challenger Energy team is fully committed to exploiting this position of strength for the benefit of all shareholders". Conversion of Charlestown Loan On 18 April 2024, the Company announced a strategic investment in the Company by Charlestown Energy Partners LLC ("Charlestown"), under the terms of which Charlestown invested £1.5m in the Company, initially in the form of a loan, but which upon closing of the Farmout (and subject to prior completion of a share consolidation) would convert into shares in the Company, on a pre-agreed basis. The requisite share consolidation was completed on 7 August 2024, and the Farmout was completed on 28 October 2024. Accordingly, Charlestown's loan, along with accrued interest, will now convert into 20,000,000 ordinary shares, and the loan from Charlestown will be fully extinguished. These ordinary shares will be issued from the Company's standing share issuance authority, and will be issued to Charlestown and various associated entities and investment partners of Charlestown. Service Provider Share Issuance in Lieu of Fees, and issues of Fee Options Parties that have provided services to the Company over the past 12 months, including in particular various advisory services in respect of the Farmout, have indicated a desire to receive part of their fees, otherwise payable in cash, in the form of shares in the Company. The Company considers that this demonstrates a high degree of confidence in the Company, and also enables the Company to maximise cash reserves. The Company has thus agreed to issue 12,000,000 new ordinary shares to service providers in lieu of cash fees. These will be issued from the Company's standing share issuance authority. Additionally, as part of agreed fees to financial advisers in respect of services provided, the Company will also issue a total of 3,800,000 options over ordinary shares, exercise price of 5p per share, valid for 3 years from date of issue. Share Issuance to the CEO The Chief Executive Officer is entitled to a bonus related to the successful closing of the Farmout, which the CEO has agreed to receive in the form of shares in the Company, inclusive of the proviso that none of these shares can be sold within two years from the date of closing of the Farmout. The Company considers the willingness of the CEO to forego cash compensation, and instead increase his shareholding in the Company and to hold those shares for an extended period of time, to be a sign of confidence in the Company and its prospects, which not only retains and incentivises him but at the same time aligns his interests even further with that of all other shareholders. Accordingly, the CEO will be issued with 3,000,000 new ordinary shares from the Company's standing share issuance authority. Following this issuance, the CEO's shareholding in the Company will be a total of 15,122,432 shares, and will represent approximately 6.2% of the issued share capital. Option Issuance to the CEO and Mr Robert Bose 600,000 options in each tranche of the Company's approved option plan (refer to the Company's announcement of 7 March 2022) will be issued to the CEO as part of his agreed compensation arrangements consequent on successful completion of the Farmout, and 360,000 in each tranche will be issued to non-executive director Mr. Robert Bose, thus providing him with an option holding equal to other non-executive directors. The terms and conditions applicable to the new options to be issued to the CEO and Mr Bose will be as per the Company's announcement of 7 March 2022, but (i) exercise prices applicable to these options have been increased as described in Table A below, and (ii) only half will be exercisable immediately (subject to vesting hurdles), with the balance exercisable only after 1 March 2026. The increased exercise prices for each tranche of options represent significant premiums to the current share price, such that the ability to benefit is only possible if there is a material increase in the Company's market value from current levels. Total Voting Rights In respect of the new shares to be issued as a result of the foregoing, application has been made for admission to trading on the AIM of a total of 35,000,000 new ordinary shares of 1p each. Admission is expected on or around 8 November 2024. On admission the new ordinary shares will rank pari passu with the Company's existing ordinary shares. Following admission, the Company's issued share capital will consist of 244,881,322 ordinary shares, with each ordinary share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. This figure of 244,881,322 ordinary shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. Total Options & Warrants on Issue Following the Option Issuances, the total number of options and warrants over ordinary shares in the Company, and the terms of those options and warrants, will be as follows: TABLE A: Consolidated Statement of Options and Warrants on Issue Holder Options and/or Warrants Held Iain McKendrick - Non-Executive Chairman 560,000 in each of Tranche A, B, C and D(1) Stephen Bizzell - Non-Executive Director 370,000 in each of Tranche A, B, C and D(1) Simon Potter - Non-Executive Director 370,000 in each of Tranche A, B, C and D(1) Robert Bose - Non-Executive Director 370,000 in each of Tranche A, B, C and D(2, 3) Eytan Uliel -Executive Director and CEO 1,700,000 in each of Tranche A, B, C and D(1) and 600,000 in each tranche on revised terms(2, 3) Executives and Staff (4) 1,800,000 in each of Tranche A, B, C and D(1) "In the money" advisor options 21,931,189(5) "Out of the money" advisor options 24,000(6) Notes: All share and option figures are stated on a post share consolidation basis, reflective of the 50:1 share consolidation that occurred on 8 August 2024. (1) Terms and conditions of Board & Executive / Staff Options were set out in the Company's announcement of 7 March 2022, and which are restated here for shareholder information, as follows: - Tranche A: exercise price 5p per share; exercise period of 5 years from grant; vested. - Tranche B: exercise price 7.5p per share; exercise period of 5 years from grant; unvested, will vest once a share price of 7.5p per share achieved and sustained for a period of 10 consecutive trading days. - Tranche C: exercise price 11.25p per share; exercise period of 5 years from grant; unvested, will vest once a share price of 11.25p per share achieved and sustained for a period of 10 consecutive trading days. - Tranche D: exercise price of 15p per share; exercise period of 5 years from grant; unvested, will vest once a share price of 15p per share achieved and sustained for a period of 10 consecutive trading days. If all Board & Executive / Staff Options that are currently "in the money" were exercised, a total of 4,800,000 ordinary shares would be issued (approximately 1.91% of the Company on a fully diluted basis), and in return for which the Company would receive cash proceeds of approximately £240,000 / US$320,000. (2) Exercise prices of these options have been increased as follows: - Tranche A: exercise price 8p per share (increased 60% from 5p per share) - Tranche B: exercise price 12p per share (increased 60% from 7.5p per share) |
Posted at 07/8/2024 09:25 by arrynillson Disgraced Compulsive Liar 12bn - saved you the bother of dusting off your old posts:-arrynillson15 Jun '24 - 16:14 - 21442 of 21582 Edit 0 0 0 Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ ! After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
Posted at 27/6/2024 06:38 by bigsi2 NOTICE OF ANNUAL GENERAL MEETING ("AGM")Notice is hereby given that the Annual General Meeting (the "Meeting" or "AGM") of Challenger Energy Group PLC ("CEG" or the "Company") will be held at the Company's registered office at The Engine House, Alexandra Road, Castletown, Isle of Man IM9 1TG on Tuesday 30 July 2024 at 11.00 a.m. British Summer Time, for the purpose of considering and, if thought fit, passing the following resolutions ("Resolutions"):Reso |
Posted at 15/6/2024 15:14 by arrynillson Disgraced Compulsive Liar 12bn here’s a selection of your posts which suggest more than a passing interest in a 0.04p share price - including one urging holders to ` get out while they can ’ !After all these years you still haven’t explained why you want people you don’t know not to buy shares in this company and that holders should sell seemingly irrespective of the company prospects! Note you got it completely wrong about the JV with Chevron - where was the dilutive cash raise 12bn? 12bn 19 Feb '24 - 12:06 - 20419 of 21440 0 0 0 Oh dear,how low can she go? All the way back to 0.04p? 12bn 28 Feb '24 - 07:42 - 20484 of 21440 0 0 0 IMO this will return to the 0.04p once funding news arrives,which I expect very soon. CEG is a serial loss maker of around $175k-$200k a month (see results) and the question holders should have is 'how can they survive without raising cash?' The answer is they cannot,even with a JV for Uruguay (which I doubt they will get since one hasn't arrived in nearly a year of looking for one),CEG will have to raise cash via dilution just to pay its bills/salaries/etc. Imo it is not 'if' dilution comes but 'when' will it come? My guess is very soon. 12bn 31 Jan '24 - 13:43 - 20268 of 21440 0 0 0 IMO the share price could return to 0.04p very quickly after funding news,holders should get out while they can, as after funding news the share price drop will make it virtually impossible to get out at a decent price,all imo. :) |
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