Columbus Energy Resources Share Discussion Threads

[offerman] 15/1/2018 15:15

Reckon mms are amongst the whacky racers .... stop that p ... no , mmKnab them grab them ...

[offerman] 15/1/2018 15:00

Let's hope gnasher chews away the lower lid and hips up further.

[offerman] 15/1/2018 14:57

Maybe it could be about to pop upward TG Agree though has been there for a long time as if an order being filled . Some sells gone through at 6 which is better than the recent 5.91's

[the guardian] 15/1/2018 14:51

Looks like Dennis the menace has put some glue on the bottom of the bid price because officially, it hasn't moved despite the offer moving from 5.95p to 6.2p in short stages.

[offerman] 15/1/2018 14:48

Nice rise today everyone .I'm really happy with small gains each day or every few days slowly slowly .

[the guardian] 15/1/2018 13:20

rosannan, arry has done it for me. jcg, that is my last post on the subject . My opinion of rosannan will never change.

[holly day] 15/1/2018 12:26

Ditto jcg. Here's hoping a new era of debates.

[jcgswims] 15/1/2018 12:24

There's no real point at this stage going over the past, whether it be past posters, past bod or past financiers. Otherwise this bb will just be taken up with back and forth disagreements from the past. We are were we are. We are now, a different company, both in how it is being run and the future that may be ahead for us.

[arrynillson] 15/1/2018 11:49

rossannan - btw good start with your answer to TG ' I have only just started posting on here again ' - conveniently didn't mention your saturation posting on LSE board in the meantime!

[arrynillson] 15/1/2018 11:36

rossannan - it's well known your conduct is extraordinary on chat boards - the norm for most posters is to express an opinion, debate that and move on - you don't - you post multiple times a day to promote your position and are most reluctant to accept any other point of view.

You present the characteristics of a swing trader ramping and deramping to suit your trading position - such practice is not illegal and plenty do it but have some subtlety about it - you don't and are disruptive to a bb.

Jcgswims has given you another chance - let's see what happens - viewing it positively it's not as bad as giving 12bn the equivalent of a parole decision!

[arrynillson] 15/1/2018 11:16

12bn - are you now targeting 5p for the share price what happened to the 2p level you were urging readers to sell at only weeks ago!

CERP have explained their position on production updates - no change there - production is increasing largely in line with Koot's forecast - why would he change his update policy to please you - someone who says they will never buy shares in this company!

[the guardian] 15/1/2018 11:06

No offence at all Holly and nothing for you to worry about. It's just that some of us know rosannan from the past.

[holly day] 15/1/2018 11:00

I am sorry if my invitation to Rossannan has stirred up some historical issues which I was not aware of nor interested in. However, having read some his input on both LSE and other BB's imo, being civil and thought provoking, personally I welcome his views, whether a holder or not. His recent opinions re production figures were pretty damn accurate, avoiding the hype expressed by others.

Similarly, marvelman is not a holder, but being a 'watcher' offered valid opinions imo.


Again apologies, as I don't want to offend the long term posters here.

[the guardian] 15/1/2018 10:40

rosannan, I remember asking you at the time if you had shares and you said no.

What sort of person spends a hell of a lot of time posting on a board where they don't own any shares? I suppose it's all part of your research before you finally buy in.

[holly day] 15/1/2018 10:36

Morning offerman.

Coming back to the debate on Friday about LIND's shares....

Yes, as Rossannan and Garhiem have beaten to death as well as confirmed by the company Q&A, the 2.9% stake is in escrow since 23rd Sept for 6 months.

However, my point, perhaps not been made clear, was that they have had several conversions/allotments as per below, which may have been sold since...(extracted from various RNS's):

-- Lind has agreed with the Company that it shall receive the repayment of its next First Tranche monthly instalment in September 2017 in shares, totalling 2,307,692 shares at a conversion price of 3p per share.

-- Upon providing the Second Tranche, Lind will also be entitled to 7,692,308 share options, exercisable at a price 50% greater per share than the average share price for the 20 days prior to the date of award for a period of up to 40 months.

10/10 - 2,512,333 new ordinary shares ("New Ordinary Shares") @4.5p

8/11 - 5,067,242 new ordinary shares ("New Ordinary Shares") @4.5p

Lind also exercised its right to convert a total of US$450,000 of the monies outstanding from the loans into shares at the re-structured conversion share price of 4.5p per share.

..., 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.
------------------

So the points I would make are:

1. A lot of the shares were issued before the OO and since they rank pasi-passu, would have been entitled to OO allotment.

2. They MAY have offloaded a lot if not all of those in the market since, so it could well be that it was their sales to have caused the share price drift.


I have done some checks on LIND over the weekend, they are renowned in their field of providing finance and MOST of their funding is often converted in to stock. There have also been times when they have ended up with over 10% stake in the companies.

So, we'll find out on or after 23rd March if they have a notifiable interest as the total number of shares allotted to them should be well over 3%.

[the guardian] 15/1/2018 10:17

Do you actually hold shares in CERP now then rosannan because you criticised LGO for years when you weren't even a holder. That gives you zero credibility in my book.

[offerman] 15/1/2018 09:06

Well sooner that it's out the way the better.

[offerman] 15/1/2018 08:40

Good question TGI wonder how many he held?