Columbus Energy Resources Share Discussion Threads

[smoggyg] 22/10/2018 13:40

Schroders have done so well here so far,they bought lots of shares in the 5p placing!LOL! Arry,you make up rubbish claims that you cannot prove and call me names for not remembering your nonsense. You are a saddo. I will repeat my challenge for you to substantiate your silly claims in my next post.

[mark of the rushes] 22/10/2018 12:44

"whose member state is the UK" refers to the issuer, not the purchaser.

[northpole2] 22/10/2018 12:12

So if the share price is going to crash to 3.5p, then why are one of the most successful investors on the LSE, Schroders, buying more stock? Supported by Burggraben who own decent-sized stakes in Premier, Serica and IOG (~10%) and also by Mike Joseph? Do they all believe the share price will be 3.5p in future? Obviously not. They believe in CERP smoggy, even if you don't. Must really upset you that.

As night follows day ... I think you say.

[northpole2] 22/10/2018 12:08

That's being rather unkind to gnats arry. I'd say it was more of an amoeba than a gnat...

[toploadermike] 22/10/2018 12:05

hvdh,

You have probably just hit the very annoying nail on the head!

Glad to see the back of them too and as you say, they will run out soon and if replacing will need to follow the prices upwards as they move, which IMHO they will.

This time of year is always slow anyway and we should all remember that, I usually make all my money at this time of year buy buying stocks while the share price is low. I have a really exotic expensive holiday this year so needed to buy extras and I'll be toping up again today, another £2K if the price stays low enough.

I just love these low prices as I always remember what I was told when I first started investing, and that was "the price is the price is the price" but only worth what you sell at. Short to medium should be a great return. IMHO.

BR
TL

[h van der h] 22/10/2018 11:35

quite conceivably Lind? would be nice to rid the company of them,
lets not forget they still have the option to convert Tranche 2 albeit only $400k but still have the ability to short sell in the knowledge they have a source of replacing them.. just an idea mind!

[offerman] 22/10/2018 11:11

Hi Egg,Yes , completely agree with you. There has been an abundance of sells since the start of the year butbfrom where is the question . Someone is under the threshold radar .As soon as any buys appear I notice sells pop up. I think at times through the year often when buys dried up so did sells and mms stopped that seller offloading until the buys appeared . Eventually the seller has to run out of shares to sell.

[eggchaser] 22/10/2018 10:52

Mike we agree hence why we think the latest cash call was much better than Lind being relied upon as the shares stay with the recipients for a longer duration. I see another 100k drip. How many more one wonders?

[arrynillson] 22/10/2018 10:26

SmoggyG/12bn - you obviously have the memory of a gnat!

[ccr1958] 22/10/2018 10:03

Lol....a little reality has occurred.

[smoggyg] 22/10/2018 09:57

FINANCIAL

-- Revenue for period of GBP3,615,000 (1H 2017 GBP2,460,000), an increase of 47%
-- Gross profit for period was a profit of GBP429,000 (1H 2017 a loss of GBP42,000)
-- Pre-tax group loss for period of GBP2,465,000 (1H 2017 loss of GBP1,964,000), the increase being mainly due to exceptional costs in Spain

[ccr1958] 22/10/2018 09:54

Nice to see price up ....welll sort of ..huge spread .. low volume...MMs just playing games imo.

[smoggyg] 22/10/2018 09:54

COLUMBUS ENERGY RESOURCES ORD 0.05P KEY NUMBERS
Latest Share Price (p) 4.00 Net Gearing (%) 2.06
Market Capitalisation (£m) 31.57 Gross Gearing (%) 17.78
Shares in issue (m) 830.88 Debt Ratio 7.21
P/E Ratio -4.04 Debt-to-Equity Ratio 0.36////// At 4p a share the market cap is £31.57m but the company lost £2.465m in the last 6 months reported! It is a serial loss maker who raises cash to survive,a diluter of PIs.

[smoggyg] 22/10/2018 09:46

Could you post up the posts that prove the above statements that 12bn said arry, 1. LK wouldn't make any difference.2. LK wouldn't be able to increase production at Goudron. 3.That he wouldn't be able to attract Institutional investors. I cannot find the relevant discussions but I note that you do tend to make things up and then think that they are real,a bit of a sicko.

[toploadermike] 22/10/2018 09:45

Morning John,

Yes I get that and I agree with you, I'm just labouring the point that open market dilution is bad for existing SH's and therefore share price I have no issues with Investor placing's where existing holders get offered the diluted shares as this rewards them in most instances with lower than market prices "I call it a loyalty bonus".

I have as you know and like you been investing for many years and the open market dilution is never good in my experience and to dilute to the OM for additional cash only has 1 outcome, and that is lower prices and more day trading making the shares more volatile, which I should add can also lead to a negative buyout. One of the things my uncle used to do is to target weak companies, buy them and asset strip so I know how it works, never agreed with it but hey ho, that's opportunity in the world of business.

Great to see the price going up today though.

BR
Mike

[offerman] 22/10/2018 09:35

Morning MikeI agree on the face of it about dilution as in normal circumstances but this will be as I call it " Acreative Dilution" by experienced skilled management not the printing flooring dilution types. I have always generally been against dilution in other stocks as in most cases it had disastrous affects but not here.The Three deals done already are yet to be properly incorporated with their potentials and these were only small deals. These are playing catch-up and wil only add to the BOPD in the next few quarters that you, myself and everyone desperately want.

[toploadermike] 22/10/2018 09:08

CERP can't get to decent volumes of OPD quick enough for my liking as I don't want any more dilution, if there is a decent amount of oil there and the schematics show that, then that should be the driver for existing or new investors to loan the company monies to extract, not by dilution of the shares by going to the market on placements which always have a negative cost implication to existing shareholders, who may I remind everyone have invested their hard earned money in order to support the growth of a company they believe in!!

[nexus7] 22/10/2018 08:55

From offerman RE: Future M/Cap ? Today 07:49
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Remember big oil companies would be queueing up so we probably would get taken out at some stage should we find those sorts of quantities of Oil. Big oil is already interested and have made enquiries .

The figure I was mentioning to somebody on email was £2 couldn't be ruled out .
I do agree it could even go higher than that who knows why not up to 4 pounds .

Initially yes there is further dilution to come but what we must remember is it will be dilution but for incredible gain.
M&A has already happened on a small scale with steel drum deal , of which we are to see the real benefits that will come to fruition .

We will have further M&A news and yes there will be dilution involved but valued dilution I call it . We are not just going to raise funds to drill a wildcat well get the duster move onto the next one and call the market again .

This is a different outfit here with this company and management .

Any merger or acquisition News Will be no doubt at all benefit all of us as Leo is on our level has shares and needs the company to grow for himself as well as everybody else .

Once we get to a stage where we have Some large M&A News , this will probably consist of current production and exploration opportunities we will be completely self sustaining so there will be a point where there won't be any more dilation like a cut-off point because we will be making enough money to keep drilling keep exploring using existing funds . So then ask yourself the question like Middle East money said which I agree if we did hit massive oil and don't forget this would be massive oil on a world-class scale big oil even for a major oil company.

Look how tiny we are now even with upcoming value dilution the value of any massive discovery would crush the previous dilution effect.

I have seen before with oil companies that have literally rocketed up into the pounds from being just a few penny share .

Remember the roadmap . We are now entering into the transformative period .

We have positive waterflood to come
M&A news
Rejuvenation At Goudron on the remaining 18 Wells .
Rejuvenation across the new steel drum assets.
Snow Cap still.
Deepening Of iacos and Bonasse in to the Herrera.
Look how we have increased acreage on the map from just Goudron to where we are now .
And those three acquisitions when even in the period of transformation time .
Th

-===================================

From offerman Today 07:52
-------------------------------------
RE: Future M/Cap ?Today 07:52Post continued as it won't let me type anymore

So we were restructuring finances .
Now we are in the zone of transformation so wait for the big acquisitions to come .
Theywill be adding a lot of barrels per day with a lot of exploration involved as well no doubt .
If all goes well everything goes to plan or pretty much to as there are always small hic ups along the way then I see no reason why we couldn't get more out for 2 to 4 pounds if we do strike big oil from those 12 targets

[nexus7] 22/10/2018 08:51

From middleEastMoney Sun 20:57
-------------------------------------

Future M/Cap ?

Has anyone given any serious thought to what our M/Cap could rise to if we find multi million OIP in various areas of the SWP.

LK has mentioned many times the various large possible finds circa 400m - with I think it was 14 possible area’s.

Plus the growing assumption of Oil deeper than our Licence allows us to drill.

I am going to stick my neck out and suggest we could be sitting on over 1 billion barrels of Reserves, within a 5 year timescale, with a RF of 65%.

Under this scenario I can see the share price at over £4

Hope ? Yes, but LK provides real hope, he is 100% bettter than the previous CEO.

Let’s get to 1,000+ bps production, get a drilling schedule and see where we are this time next year.

I keep looking at the map showing just how close the SWP is to Venezuela- tantalising, then thinking of Cedric, Aerial Survey and deeper Drills.

There is a reason the big Institutions have come on board

[arrynillson] 22/10/2018 08:35

SmoggyG/12bn - i'm happy to concede that if you consistently issue sell advice you will occasionally be right - after all a stopped clock is correct twice a day - let's look at your record since LK arrived:-

You said he wouldn't make any difference - wrong!

You said he wouldn't be able to increase production at Goudron - wrong!

You said he wouldn't attract Institutional Investors - wrong!

You said sell at 2p and buy an African miner where shares subsequent fell by over 50% - transformational - but not in a good way!

So based on your predictions of how the company is actually developing and your disastrous trading advice it's only people with the memory of a gnat who are likely to be influenced by you and only someone with the intelligence of a gnat that would continue posting tosh expecting a different outcome in the future!

PS I don't like to be unfair to all gnats - I concede there are probably some who would do better than 12bn at predicting CERP!

[the guardian] 22/10/2018 07:54

h van der h, I think that you are right with regards to the principle but the confusion hangs around the second paragraph where it says 'whose member state is the UK." It also says at the end of the first paragraph 'The company may impose sanctions if disclosure not completed.'

I have come across instances in the past where someone from a non EU country has disposed of their shares without making an announcement. Whether that was in accordance with the rules or the company chose not to apply sanctions, I'm not sure, but it definitely happens.

[smoggyg] 22/10/2018 07:50

Columbus Energy (CERP)
1
Follow CERP Risk of Capital LossTrade CERP
Lind issued monthly with millions of 4.5p shares SELL at 7,25p!//////// What a shrewd dude that 12bn was. Pity the local idiots prefered to listen to jcqswims rampers.

[smoggyg] 22/10/2018 07:45

3.5p is coming,sure as night follows day,I suggest holders buy more of these while they are still near 4p offer. LOL

[h van der h] 21/10/2018 22:23

TG,
“In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover
and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed”

“The disclosure rules apply only to holdings in (a) UK incorporated or non-UK incorporated issuers whose shares are admitted to trading on an EEA regulated market and whose home Member State is the UK and (b) UK incorporated issuers whose shares are admitted to trading on a UK prescribed market (for example, AIM).”

My understanding is that as Columbus Energy is a uk registered company and currently trading on Aim all share holders are bound by the regulators to disclose their holdings at the relevant thresholds....

I could also have totally the wrong end of the stick!