Columbus Energy Resources Share Discussion Threads

[the guardian] 05/7/2018 17:05

offerman, you have plenty of time to recover your losses. My son is nearly 44 years of age.

[nexus7] 05/7/2018 16:52

Goldman Says Buy Commodities as Clock Ticks Toward Trade War

► Impact on raw materials ‘will be very small,’ lender forecasts
► Crude oil expected to lead rebound after setback seen in June

Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy.

The Wall Street lender said the economic impact from sanctions between the U.S. and China, including measures set to come into effect on Friday, is small, according to a report. It forecast a 10 percent return on commodities over 12 months as the dollar drops, and reiterated a bullish call on crude oil...

[the guardian] 05/7/2018 16:46

Well done offerman.

holly day has echoed my thoughts in posts 5080 and 5081.

[offerman] 05/7/2018 14:00

CCr at they delayed? Time stamp does show today and not fromYesterday but they show as mid ( I.e black) yet the price is well over mid and offer. How can they show as black when mid is well below and yet these don't appear as delayed according to time stamp

[offerman] 05/7/2018 13:58

Holly , Thanks.I'm slightly confused because I posted on LSE under heading VSA and Bigdouble replied to me then nex pasted his reply here. I thought that had answered my question about broker forecast new price as I hadn't seen the revision from June as BD posted. So my confusion now arises again on this as you have picked up that it was only a week ago that the comment from VSA I.e under review . So all very confusing for sure....

[ccr1958] 05/7/2018 13:57

2x500k buys gone thru . Disguised obviously!

[offerman] 05/7/2018 13:54

Hi CCrYes you're right .Every time a few buys come through inc mine of 89713 after removing the limit order and manually buying there then seems to be equal or more sells. So really I think we have the large seller/s to thank for allowing the opportunity for top ups at these levels .I'm sure once he's gone and maybe notifies the market he's done then the mms might let it go a bit up . Until then there will be more opportunities to buy more and who knows maybe even cheaper 4 p support until news?

[ccr1958] 05/7/2018 13:38

Holly ,they shouldn’t you’re right of course. But dare I say they are ,you would think they might wait revise the target .. A bit amateur if it is indeed the case .

[holly day] 05/7/2018 13:24

Whilst broker note is a mere triviality considering they are house brokers, but wasn't it only a week ago they said 'under review'. So, what new info could they have received to come up with the revised target. After all, they shouldn't be privy to any market sensitive info.

EDITED!

[ccr1958] 05/7/2018 13:22

The seller never far away !!

[offerman] 05/7/2018 13:20

Well said Carp

[carpadium] 05/7/2018 13:02

Agree with holly, strange our broker didn't delay this note to take into account Q2 update. Maybe they had a diary note for a timely H1 ending release, not that it revealed anything new.

FWIW I think we can reasonably expect a cash flow operating netback figure in excess of $1m based on a very modest 10% increase in production over Q1 (to 550bopd) and an average realised sales price of $63 pb. Add $200K+ to receivables. It would not surprise, dismay or disappoint to see Capex, largely at Bonasse (although dependent upon start date) wipe the $1m out. The directors have set their course, they know what and when they can afford and crucially who they are talking to, we don't.

[ccr1958] 05/7/2018 12:32

Offer ,mid 40s you’re just a boy GL.

[offerman] 05/7/2018 12:18

And thanks for the good wishes HollyI've been in this bang on 20 years loads of ups and even more downsAt times made a shed load of money by my standards but the hardest thing I guess was to sell I'm having too much faith also some extremely bad luck along the way which wiped huge losses out literally overnightWhat you live and learn and hopefully I've got it right this time because if not it will be my last time and I will be away from markets for goodTime is cracking on I'm now in my mid 40s but I do feel like yoga but I've been around for 900 years in this market so hopefully the force will be strong with CERP

[offerman] 05/7/2018 12:15

Hi Holly good point I'mJust getting carried away with it :-) I do agree about the questions and answers being ignored but let's see what the second-quarter update brings to see true transparency. I think they have been pretty good majority of the time. Think it's the lack of news and updates that does get frustrating. You are right they are not fully transparent as I would like to see full figures on all of the worlds and absolutely everything all the ins and outs about our company so I do agree with you

[holly day] 05/7/2018 12:08

Oh, and are you a house broker employee by any chance?! :0)

On a serious note, I hope your faith pays off, you deserve it. Like the Lotto ad, if you win, I win!

[holly day] 05/7/2018 12:05

offerman, the only part I would question in your post is 'transparency'. Yes, agree that they are better than most AIM companies but I wouldn't go as far as making them 'best' at it, i.e., the communication/relaying of information.

We have raised many (IMO) valid questions on this BB and are none the wiser. The Q & A has not been updated for yonks. The PR company are very selective on which emails they reply to. The target seem to be drifting a little considering the over-enthusiastic comments by Leo. I'll keep my powder dry on that front for now.

[garnhiem80] 05/7/2018 11:53

“Costs in Spain are also expected to reduce following the Collective Dismissal Procedure ("CDP") which took place at the end of Q1 2018 which resulted in the redundancy of some 14 staff members who had been under legal suspension throughout most of 2017. The Company incurred costs of approximately €60,000 per month on meeting its obligations in Spain in 2017, this being a real drain on resources with little value being obtained other than 'keeping the lights on' whilst the Spanish authorities closed the old licence and retender the licence, a process which is expected to commence in Q3 2018. The CDP process cost the Company approximately €410,000 (plus associated taxes) but has reduced ongoing running costs to approximately €15,000 per month in Q2 2018 onwards.”

“The debt position had reduced to approximately £0.69 million at the end of March 2018 and the Company intends to continue making monthly repayments in cash throughout 2018”

“Loan repayments will be reduced to US$0.04 million per month by the end of July 2018.”

[offerman] 05/7/2018 11:38

Morning TG I bought some more yesterday And just set a buy order now for another 90000 Trying to do my bit Every little helps.

[offerman] 05/7/2018 11:37

Yes Holly does seem odd so an only assume they have already spoken with LK and team and know what's coming .

[holly day] 05/7/2018 11:32

One thing I find intriguing is why did the broker not wait for the quarterly update?... unless they are expecting nothing out of the ordinary and their note already covers what is to be expected?...i.e., the paragraph headed "Updated Financial Estimates"

[the guardian] 05/7/2018 09:57

It is from the house broker of course. No-one else has anything to say.

Four trades all morning, even when the share price is low ffs.

7.2p to 4.4p. Definitely deserves applause.