Columbus Energy Resources Share Discussion Threads

[the guardian] 11/9/2017 19:48

Well done kazz. I hope that we all start to make a lot of money very soon.

Interims on the website this Wednesday morning prior to AGM on Thursday.

The interims will refer almost totally to when the previous management were in place but hopefully there will also be a forward looking statement.

[kazz] 11/9/2017 19:42

Got my money from MONI today, at a great loss from initial outlay. Both at a similar SP, thought I would put it here
Regards.... Kazz

[whiskeyinthejar] 11/9/2017 17:33

edit: never mind. I didn't mean to get into posting here.

[the guardian] 11/9/2017 17:20

Pleased with the renegotiated loan terms but hope that there is more positive news to add to the interims. Pity there are so many people ready to sell.

[jcgswims] 11/9/2017 15:57

From bigmj

news Today 14:42

All positive news IMHO and more to come, anyone who cant see that LK knows what he is doing and will deliver the goods will be made to look a fool in the coming months, I am happy to be quoted on this at Christmas
GLA, still keeping an eye on the lse board and holding all my shares

[meep] 11/9/2017 15:28

It's keep the lights on dilution at 400 bopd.

Im 100% certain that if Koots had made any material operational progress he'd had told us. Hes a salesman /ramper. And hes obligated.

I don't think Lind are locked in if the business is sold. All options become exercisable.

[meep] 11/9/2017 15:02

rossannan-the $750k from Lind is cashflow.

"Definition of Cash Flow
1. Cash that comes into or goes out of a person's or company's account. Cash flow can come from any number of sources and is crucial for a business' continued operation and a person's continued survival. Cash inflow may come from wages, salary, sales, loans, revenue from operations, or even personal gifts. "

[meep] 11/9/2017 14:43

Looks to me like they achieve cash flow positive in Q4 thanks to Lind. $750k flows from Lind in Q4.

"Lind has also informed the Company that it intends on exercising its exclusive right to increase the Funding Agreement by US$750,000 (the "Second Tranche"), with the funds to be provided to Columbus in Q4 2017."

[dodge city] 11/9/2017 14:27

I didn't say the RNS without merit and if Koots starts to deliver on the ground it will be irrelevant.

But as it stands it is a placing.

The big question is this, is Koots starting to increase production or is he running to standstill?

[dodge city] 11/9/2017 13:32

It's disguised, and he has tried to bury it in with the other news.

It's a placing however it is dressed up.

It's not a problem if he is delivering results - no evidence of that so far.

[jcgswims] 11/9/2017 13:31

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.

[dodge city] 11/9/2017 13:21

The Company has granted Lind 17,992,308 shares, to be escrowed by Lind for at least six months from the date of issue (expected to be 23 September 2017).

I would call that a deceitful backdoor placing for 500k.

Koots is slick at presentation, I bet there is very little substance going to be announced on Wednesday.

I would also suggest that CF+ in Q4 is highly contingent upon a successful waterflood and that there is little evidence to suggest it is other than wishful thinking.

[brasso3] 11/9/2017 10:36

MMs are fishing for stock.