Columbus Energy Resources Share Discussion Threads

[dafrog] 13/9/2017 07:14

The link is there!

[apache_dropout] 13/9/2017 07:08

All promises, they are struggling to maintain production.The 2 wells drilled this year are a disaster..

[thenorth] 13/9/2017 07:00

I wonder what's in store for us today then......!!

[thenorth] 12/9/2017 17:49

Yeh but Dodge it's where production is at the next results that matter and the company have begun to roll out the execution of their plan... Surely even you can see that...!!

[dodge city] 12/9/2017 16:20

The real news is tomorrow, interesting to see that someone sold 900k this afternoon.

I wonder why they did that....

I'm not expecting any major progress re production, 450bopd would be positive but hardly sets the world on fire.

[carpadium] 12/9/2017 16:13

Fancy dumping 900K the day before what is expected to be a very positive update.
That's the trade that no doubt has put the brakes on afternoon progress.

[tmmalik] 12/9/2017 15:14

First time positive coverage by shareprophet

[the guardian] 12/9/2017 14:35

I need 7.5p to recover all of my losses. Shouldn't take long.

[edgein] 12/9/2017 14:13

Mr Pasty,

You're either gonna need 1 of 2 things. 1 being a miracle, the other being a strike in the Cedros. We've apparently got around 4 200mmbbls targets in the Cedros. If one of those comes in you'll be quids in. But to get us to more than £500m cap we're gonna need production and lots of it. Or for one of those miracles, look at the gravity defying miracles taking place right now on HUR, SOU, EME etc.

Regards,
Ed.

[holly day] 12/9/2017 13:28

Hopefully RNS's will come like buses! 2 already...another tomorrow and can't wait for the waterflood update in a 'few weeks'

[tmmalik] 12/9/2017 13:17

Hi guysI am also on loss of 70% few months ago as bought in LGO above 5pI keep topping small chunks whenever funds allow in last 10 months and had big chunk buy at 2.53 last month.Now just 10% down so hopefully tomorrow break even at 3.78Good luck all old investors but I personally think trend is now clear upward so 5p very soon.

[brasso3] 12/9/2017 12:57

Columbus Energy Resources

CERP has announced that it has successfully renegotiated certain terms of the $8.9m convertible with Lind Partners. They have increased the conversion price from 3p to 4.5p and increased the funding agreement by $750,000. With the possibility of taking the repayments in cash or shares (next month will be shares) CERP now have more flexibility and hopefully a floor under the share price. In recent months much has changed at CERP, existing already implemented initiatives have reduced the cost base and increased production, from existing cash resources and the company expect to be cash flow positive by Q4 2017. I met with new Chairman Leo Koot again last week and he and his impressive team are working hard to enhance production and pursue an interesting exploration portfolio. I expect continued news flow and of course the company are actively looking to expand south into Latin America in due course.

hxxp://www.malcysblog.com/

[brasso3] 12/9/2017 12:55

Worth remembering that the market cap is still below £20m.

This will have an EME type rise in the coming 6 months.

[carpadium] 12/9/2017 11:27

Excellent progress by LK and his team, can't wait for tomorrow's news item.

£49K down the drain with Ritson, left with 90K shares after consolidation. Increased s/holding to just over 2m so now just need 5p to recoup all LGO/CERP monies.

Hardly exiting there though! Need to make up a lot more wasted on Edge.

[dr jekyll] 12/9/2017 11:16

I think I lost around 13,000 selling out here and not back in yet either. Am certainly watching carefully and waiting for some profits elsewhere to possibly move some here. So I empathise with those who have also lost money whether in cash or just on paper.

[the guardian] 12/9/2017 10:59

Curry, CERP is going to start climbing soon and if I were you, I would be buying at these low prices to average down. I can't see us ever getting to 95p.

[edgar222] 12/9/2017 10:57

CurryFair to middlingEver considered averaging down? I lost £27k on paper (caught a falling knife as LGO went down) and have piled in to this new company so that my average is 4p. You have not missed the chance.

[jcgswims] 12/9/2017 10:43

CERP tweet including clip



Injection water going into the reservoir - a year ahead of plan, excellent work team! LK


— Columbus ERP (@Columbus_ERP)

[currypasty] 12/9/2017 10:37

Edgein, I remember buying £10k's worth in a LGO placing at 4.75p
After the name change, and 20:1, that works out at 95p

whats the chance of me getting my £10k back ?

[tmmalik] 12/9/2017 10:11

Big orders in progressNext leg after lunch breakTomorrow half yearly report Clearly going above 5p in next 2 days.