Columbus Energy Resources Share Discussion Threads

[greatfull dead] 18/1/2018 07:23

Hoping now that the 6p barrier will be broken though for good.

GLA,
GD

[offerman] 18/1/2018 07:17

A great sign of confidence from Schroeder's Not only did they take many at 5p they have also been buying in and around the 5.8-6p level .

[offerman] 18/1/2018 07:15

Schroeder's increasing will vastly help when DL and NR decide to offload and try and crush the company .

[jcgswims] 18/1/2018 07:10

As expected, Schroders increased holding RNS, up to 12.067%

[nexus7] 18/1/2018 00:36

Oil Climbs as Industry Tally Said to Show Massive Withdrawal

Cushing decline of 3.94 million would be largest on record
U.S. crude inventories slid by 5.12 million barrels: API

Crude rose after an industry report was said to disclose the largest-ever withdrawal of oil from the biggest U.S. storage complex.

Futures added to Wednesday’s 0.4 percent advance after the American Petroleum Institute was said to have reported stockpiles at the pipeline hub in Cushing, Oklahoma, fell by 3.94 million barrels last week. That would be the most significant draw on record if a government report confirms it on Thursday. The report was also said to show that crude inventories nationwide slid by 5.12 million barrels, exceeding the 3.15 million decline forecast by analysts in a Bloomberg survey...

[arrynillson] 17/1/2018 21:02

Jcg - thanks for link on video - did I see them testing a non-return valve 😀!

[jcgswims] 17/1/2018 20:05

Short video released today

[the guardian] 17/1/2018 10:45

Thanks jcg.

[arrynillson] 17/1/2018 10:37

12bn - says it all - you can't get the staff these days - no self respecting deramper would have passed up the opportunity to create mayhem during the price monitoring episode!

[holly day] 17/1/2018 09:57

So some clown got the company to foot a bill for a wasted rns?!!

[offerman] 17/1/2018 09:36

Thanks JCG Funny old game this shares malarky....Wish everything would be kept plain n simple for simpletons like me .... :-@

[jcgswims] 17/1/2018 09:29

It was caused by a rogue 10000 order placed on the offer at 5p this morning, it subsequently went into "auction" - hence the price monitoring extension RNS and the UT (uncrossing trade) of 10000 went through at 5.8 hence that's what the share price is currently showing. We are no different in real time price than yesterday (6p) and the same spread at 5.8-6.2

[offerman] 17/1/2018 09:15

The 5.4 looks fishy like all planned maybe to allow someone in lower? All that was done 7.00 am prices showed days low before markets even opened . Seems weird to me ...

[offerman] 17/1/2018 09:14

Very strange Before the markets opened todayDays low showed 5.4 yet that was way before markets opened ? After markets opened low of the day still showed 5.4 Now , other weird thing is Sells of 175k but showing as a buy as blue yet offer is showing 6.00How can buys below mid show as buys and blue ?

[arrynillson] 17/1/2018 08:46

12bn - I know you boast about not researching this share so you can speak in ignorance but you were visibly shocked only days ago about the Schroder rns so you do know they injected capital to the company and Lind have also added to the pot! Good job you're on the ball 12bn - btw are you still getting fan mail from readers who took your advice to sell in the low 2s only weeks ago!

[12bn] 17/1/2018 06:38

Another discounted fund raising must be due soon,you heard it here first. This dead cat bounce should be sold into imo.

[carpadium] 16/1/2018 17:36

In the December update Leo advised that we could expect news re. BOLT in the 'very near future' only for it to downgraded slightly in the detailed information section to 'near future'. In the video he commented on making good progress, having a structured approach and confident that at least by middle of year, hopefully in Q1, agreement should be in place.

In other words expect it when you see it and not before.

[arrynillson] 16/1/2018 17:32

12bn - no TIMBERRRRRrrrrrrrrr for you today - not even a minute reduction in share price so you're struggling for wood again 12bn!!!!!!

[holly day] 16/1/2018 16:39

Yes, I noticed that (full ask) too rossannan. There's something brewing behind the scenes. Or the guy with 16K shares purchase got diddled! Only before x-mas today's type of selling would've pulled the share price back.

I hope we get an update on WF well before the quarterly rns.

[offerman] 16/1/2018 13:43

I think today's sells are people closing their positions from them buying in 4.7 couple weeks ago. Tomorrow I think is their settlement date so expect quite a few more sales I'd imagine then the price possibly moving up after that?

[the guardian] 16/1/2018 13:36

It's all on the website under Q&A:

As confirmed in the RNS of 11 September 2017, the Company at that time had successfully re-negotiated certain terms of the Lind convertible security funding agreement which involved, amongst other changes, the granting of 17,992,308 shares to Lind to be held in escrow for at least six months. As part of this re-structuring Lind agreed to increase the conversion price for the first tranche of the loan that was outstanding from 3p per share to 4.5p per share. The Company also confirmed on 19 September 2017 that application for the above-mentioned shares, together with a further 2,307,692 shares relating to the repayment of loan due for the month of September, had been made to the London Stock Exchange and that it was expected that admission to trading and dealings in these shares would commence on 22 September 2017 (subject to the six-month escrow requirements of course).

Management were very pleased with this re-negotiation which was extremely well received by the market and contributed within a month to an increase in Columbus’ share price and market cap by over 120% when compared to the share price on the day before the restructure was announced. The 17,992,308 shares currently represent approximately 2.9% of the total shares in issue at today’s date (12 January 2018).

Apart from the requirement for Lind to escrow the 17,992,308 shares for at least six months, there were no other restrictions placed on Lind who are entitled to take whatever action they wish on those shares at the end of the six-month escrow period. That said, Lind maintain a very positive relationship with Columbus management and in a meeting in early December 2017 indicated that they were very pleased with the progress achieved by the Company in recent months and were very positive about the long-term potential. They also indicated that they would not take any action which would have a detrimental effect on the Company’s share price and were looking for further share price growth before they may consider taking any action on their shareholding.

In addition, as mentioned in the RNS on 21 December 2017, the total debt outstanding to Lind at the end of 2017 had been reduced to approximately US$1.35 million. The Company has budgeted to meet all repayments due to Lind in 2018 in cash, although Lind retains the exclusive right to convert outstanding debt at 4.5 pence per share at any time of their choosing whilst the debt remains outstanding. Whilst Lind exercised their exclusive right in October 2017 to provide the Company with a second loan facility of US$750,000 that month (an amount which is included in the debt outstanding amount of US$1.35 million), Lind no longer have an exclusive right to provide any further funds to Columbus.
To summarise, the Company is very happy with its relationship with Lind, who have been extremely supportive of the new strategy being undertaken by management, and is satisfied that Lind will act in a manner which ensures the Company’s share price is not detrimentally affected by any actions they may take in future.