Columbus Energy Resources Share Discussion Threads

[northpole2] 08/1/2018 09:17

Dear all

I won't be posting in this site any more, this is my final post. 12bn is an impossible case who I suspect is paid to diss the stock continually. He spouts the same stuff all the time about Lind, LGO's financial history, SEDA funds raises (which haven't happened), stock price going to crash (Timberrr), waterflood won't work, Range... and so on ... but simply fails to add any true balance or recognise that a new management team is in place and are taking a different and measured approach. One which seems to have the support of Schroders and other major shareholders. And he fails to accept that with one month exception, CERP have been repaying Lind IN CASH. That has been reported a number of times. And that CERP have stated they are fully funded for 2018. etc, etc.

We all welcome objective arguments. I accept there are certain risks with CERP but I also have belief in the new team which has a very good track record of delivering value at their companies. But 12bn is just one-eyed, not prepared to listen or accept that things have - or can - change.

Good luck all... apart from 12bn who is a sorry case and with no ability to see ANY upsides in the company. I suspect he gets out of bed the wrong side every single day. Sad.

[offerman] 08/1/2018 09:06

LololMorning TG absolutely spot on , I am desperate to see it too .

[arrynillson] 08/1/2018 08:48

12bn - bit harsh to call Brasso an idiot as he is clearly ignorant of the netback workings- he merely needs some decent education - but not from 12bn ex maths teacher who got the netbacks wrong by around 50% for eons just because he boasted about not researching the company he chooses to post daily on - until he was educated by me on his own thread - shame on you 12bn!!!

Have you thought about attracting followers on social media where they replicate your investment decisions - you could call it the counter intuitive stance - do the opposite of what you advise and make huge percentage gains - like not selling CERP in the low 2s some weeks ago and not losing hugely on KOD!

[the guardian] 08/1/2018 08:17

The sellers are back again.

offerman, you may not just be looking forward to the update, you may be desperate to see it!

[12bn] 08/1/2018 08:07

Also let us not forget that Cerp/lgo has lost £2m every 6 months for the last 6 years or more and my guess is that they are still losing money now.

[12bn] 08/1/2018 07:53

Brasso35 Jan '18 - 09:49 - 2858 of 2867
0 0 0
Ok, fair enough, but:-

- We are likely to produce more than 561 BOPD in January (Average target 580 BOPD),
- There are 31 days in the month,
- WTI looks like it will exceed the $61 per barrel in January,

I will use a figure of $56/ barrel so it is more conservative.

580 BOPD x $56 x 31 = $1,006,880//////// This is pathetic ramping on the rampers only thread! Even when it is pointed out that CERP only gets net backs this idiot simply drops his price slightly and increases production to compensate! The reality is Cerp will probably get nearer $30 a barrel than $56 AND the 561 barrels a day was for a single week,hand picked to give a distorted picture of real production numbers,imo. Wait until the next results and my guess is quarterly production will be well under 550 bopd.

[12bn] 08/1/2018 07:44

Northpole2,it is touching to see that you think VCs only invest in companies because they think that the share price will go up,they don't. They lend to companoes to make a profit,eos. If they can make an extra 12% by taking shares rather than cash then they will. Companies are usually happier to pay with shares,pieces of paper (electronic equivalent), than real cash because they need the real cash for other uses,running costs,salaries etc.

[offerman] 08/1/2018 07:43

Looking forward to next news update at end of March :-)

[the guardian] 08/1/2018 07:42

Brasso, that's what I've been saying for months but many disagree.

Remember the days of Gold Oil when Gary used to update the website every month? It was mostly non news but it kept the share price stable because everyone knew what was happening.

[brasso3] 07/1/2018 19:03

TG

The problem now is that the market is not expecting near term newsflow (within a month).

I have had this problem with another company I have been invested in for many years (AAZ). The market generally only expects quarterly production updates from AAZ and as a result the share price stagnates for periods between those updates.

IMO LK needs to take the initiative a bit more with the RNS updates. I would issue an update every time a threshold is passed i.e 600 BOPD. That would keep the market on its toes and reduce selling pressure. What do I know!

[the guardian] 07/1/2018 18:56

WTI $61.57.

Let's hope that the week ahead is better than the last one.

[nexus7] 06/1/2018 12:20

From Garnhiem. Fri 18:30
-------------------------------------

RE: Does
“our target of increasing the Company's production in Trinidad to over 550 bopd and becoming cash flow positive by year-end 2017. �It is my pleasure to announce that we have achieved and exceeded these targets, with the Company achieving production of 561 bopd within the past week and will be generating more cash than we are spending on our day to day activities across the Group as we enter 2018. “

Come Feb 18 that cash flow positivity should increase..

“The Company has continued to work towards closing the La Lora Concession and now anticipates the closure of the concession in February 2018.”

“the Company has continued to meet its ongoing obligations on the current concession, including meeting the staffing, legal and operational costs associated with keeping the field in good order and seeking to close-out the current concession. This has involved costs of approximately US$60,000 per month which are included in the Company's positive cashflow assessment.”

======================================

From Garnhiem. Today 00:02
--------------------------------------

RE: Does
“The production increase in 2H 2017 and the commencement of the waterflood campaign have been achieved at a capex cost of US$350,000 and incremental opex costs of US$260,000 - a significant reduction on previously planned costs.”

“The Company is fully funded for its 2018 work programme as a result of its positive cashflow position and the funds, totalling US$6.0million, which were received in October and November 2017.”

“In January 2018, the Company will be generating more cash than it is spending on day to day activities and is now cash flow positive.� The Company plans to invest this cash into the Company's growth opportunities to deliver further returns.”

[arrynillson] 06/1/2018 09:28

Perhaps, Perhaps, Perhaps!

[arrynillson] 05/1/2018 22:25

12bn - how come Lind were so much smarter than you - at the time you were telling everyone to sell they were exchanging their option package for one with a higher exercise price - seems they got it right - perhaps they do research rather than boast about lack of it - perhaps they can comprehend a rns without making schoolboy errors - perhaps they understand new management can change things - perhaps they are not dinosaurs 12bn!

[northpole2] 05/1/2018 14:27

Get off the Lind bandwagon. Nobody else cares 12bn. Old news and it's no longer relevant in the scheme of things. The Company have also said in the past that they see Lind as having been very positive. Lind are also shrewd business people. They won't sell until they see much more value. Companies like Lind pick their moments and at 5p/share it's not now. Shroders bought more shares before Xmas so also see value way beyond 5p.

[arrynillson] 05/1/2018 13:40

Jcgswims- sagacious advice there regarding working from company released information- if only others followed your example!

[arrynillson] 05/1/2018 13:36

12bn - the question is have Lind forgiven you for your advice they should sell in the low 2s only weeks ago - how much would they have lost with your advice 12bn?

[jcgswims] 05/1/2018 10:18

From bigmj

RE: questions Today 10:08

you never see me on here ramping, talking about huge increase in bopd etc . my holdings are honest and in the public domain, I could off load now for well over £1m profit but choose to hold for the longer term and added more yesterday, what that tells you is I believe in LK and am sure that he will be able to deliver over the next few years, therefore there is no point in me selling now (at £500m m/c for example my holding would be worth circa £25m, subject to any dilution of course). DYOR trust no-one but look out for the key indicators of those in close contact with the BOD, are they buying or selling

[jcgswims] 05/1/2018 09:58

I prefer to work on Gordon Stein's figures of how much cash we get, from his interview in Oct

[brasso3] 05/1/2018 09:49

Ok, fair enough, but:-

- We are likely to produce more than 561 BOPD in January (Average target 580 BOPD),
- There are 31 days in the month,
- WTI looks like it will exceed the $61 per barrel in January,

I will use a figure of $56/ barrel so it is more conservative.

580 BOPD x $56 x 31 = $1,006,880

[offerman] 05/1/2018 09:49

So over 50$ how much of the 12$ would we receive ?

[jcgswims] 05/1/2018 09:40

Brasso, we don't get the full WTI price under the IPSC

[brasso3] 05/1/2018 09:28

JCG

That is the same video from the 21st Dec.

[jcgswims] 05/1/2018 09:27

LK on BRR



Edit Looks like its a repeat of the December update