Columbus Energy Resources Share Discussion Threads

[toploadermike] 08/11/2018 13:32

Offerman,

Hi John, you do realise this is going to get really confusing with all these John's, good job were not all from the US...

I will give it 3 weeks to see what happens and in that time I will do exactly as you suggest and see what I can unearth. I think you may have already hit the nail on the head though in your post 6229 and it may well be that the MM's are trying to force the price down hoping it will create a sell off, the well known exodus manoeuvre. They know full well that the price has been going downward as they have been driving the price that way and at such low prices they know people will be going into negative territory and even close to %100 loss and they also know that by triggering an immediate drop of a couple of points it might well trigger enough sells to meet an upfront order for sale. One thing that we all need to remember is that when you see a sale on the shares, that is also a buy and Vic versa because when someone sells, someone buys, even if it is only between MM's.

It's very unlike me to get twitchy but something is not right here. We need some good news to see if that has a positive impact on the share price because if it does not, we all know full well that something is going on and something should then be done to address the constant suppression of the share price .
ATB
TL

[smoggyg] 08/11/2018 13:18

xippy,Cerp lost £2.465m in the 6 months just reported,they are a group LOSS MAKER,read the RNSs if you want get some understanding. They issued 71m shares at 3.5p and that is now the bid price,surprise,surprise! Listening to ramptastic videos from a vested interest will not give you any real understanding at all! Read the results and note the share issues. ps I expect another dilution soon to pay for the Spanish costs.

[offerman] 08/11/2018 12:58

Big welcome to the thread John. ( It's a great thread thanks to JCG and Nexus) as well as some brilliant technical and great posters here who you may have seen. ( Edgein AKA-Ed) Garnheim , Arry, h Van der h, JCG , Edgar, TG, CCR, Egg,Ride, Carp and more. I'll always forget a few such is my lack of brain capacity :-/ Sounds like you had a great entry point , good timing . I was also there too,and was very impressed by what Leo had to say and our prospects. If I can make the next one and you're there it will be nice to say hello to you.

[xippy] 08/11/2018 12:33

Getting rid of Spain must fit with what Leo wants. They have said that the decommissioning isn't an issue from cash point of view. Onwards and upward chaps. Keep up the hard work. It'll be worth it in the end.

[xippy] 08/11/2018 12:29

The issue was Into 'safe hands' . Any shares coming onto the market shouldn't be from the placing. Maybe from the Steeldrum takeover. There were some shares they could sell, though not the lot. Just mms trying to make a living! Some news would be good, but I'm comfortable with the company's progress from the dark days... now under new management who are putting their plans into action. Watch the videos of AGM etc. If you want to get understanding. DYOR.

[johnleslie] 08/11/2018 12:27

Thanks Offerman. It does seem strange how the share price moves. If the company is of the same view perhaps it is for them to raise it with their broker in the first instance. Hopefully this will all be behind us once our assets start to deliver which can’t be long now.
By the way although I have only just started posting here, I have been invested for about 15 months. I did go to the AGM and October Presentation and was impressed by what I saw. With the loss of Spain it only gets better. ATB

[smoggyg] 08/11/2018 10:18

'Where all the shares coming from?','Who is the seller,David Lenigas,NR?'......moronic questions on the other thread,ffs 71m shares have just been issued at 3.5p,has nobody over there remembered that?

[offerman] 08/11/2018 10:03

I mentioned that too TG in one of those earlier posts but just how long can that go on for ? Maybe that's why we are so low Mms know they have a constant seller but can't find enough buys to allow them to offload .. !

[the guardian] 08/11/2018 10:00

I keep saying this but the obvious candidates are Neil Ritson and David Lenigas. Unless they have the rose tinted glasses, they may wish to put their money where it is under their control.

[offerman] 08/11/2018 09:35

What I can also say John what I have seen on some shares in the past is they get marked down hugely because a large seller has informed the market that they are offloading. Once the seller has informed the market he has stopped or has sold out completely the share price would often spike back up. Not saying that he's hundredpercent the case here because like mycocide it does seem like there is more going on here than meets the eye with MMs

[johnleslie] 08/11/2018 09:19

I still don’t quite understand where all the sells come from, we have had so many of them. Yesterday I topped up first thing and this was followed by a swathe of sells. Today there are a couple of buys then followed by sells. Who has this stock that is willing to sell at these levels?
There is so much to offer with this company but the constant sells is not helping sentiment.

[smoggyg] 08/11/2018 07:19

Why is the share price falling? Here is a clue and I suspect that another placing will be needed soon to pay for Spain.//////15 October 2018

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Conditional placing to raise up to approximately GBP2.5 million

Acceleration of growth strategy

The Board of Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to announce a conditional placing, by VSA Capital Limited ("VSA"), with new and existing shareholders including Schroder Investment Management Limited ("Schroders"), Michael Joseph and Burggraben Holding AG ("Burggraben"), of 71,428,571 new ordinary shares in the share capital of the Company (the "Placing Shares") at a price of 3.5 pence per Placing Share (the "Placing Price") to raise approximately GBP2.5 million (before expenses) (the "Placing"), subject to approval by shareholders at a General Meeting proposed to be held on 2 November 2018.

Highlights:

-- Conditional Placing of Placing Shares at 3.5 pence per Placing Share to raise approximately GBP2.5 million (before expenses);

[chutes01] 07/11/2018 22:16

going on, the best way to out value could be to take this off market, would Schroders consider this ..

[toploadermike] 07/11/2018 20:27

Hi John & TG,

Thanks for the reply's, very comprehensive and welcomed. Yes I fully understand the MM's methods of working, my friend many years ago was a MM but the point again is that there is still no reason to reduce the share by 2 points for no reason, other than bad share management by either the broker or the MM. Now how they make a loss or profit is not and should never be a deciding factor on the share price of a company and this to me needs looking at officially and by request of the company owners as the impact to the company based on a MM or Broker position could be and has been known to be dramatic. It is important to understand that company's and the controlling factions all have different goals which often compete. Without going into too much detail it has been known for companies Boards to persuade their brokers and in some instances directly with MM's to keep their share price low in order to control situations like buy outs and reverse takeovers and I get that (although that's also probably illegal), but with CERP the foundations are now fairly strong IMHO and we really shouldn't be seeing such a low or reducing share price unless someone or something is manipulating the SP, which again "I believe is illegal" and although I would never say someone is doing such a thing, it looks very strange to me in this instance, as it makes absolutely no sense as to why the price is continually going south. So the board need to make sense of what is happening and reverse the constant downward slide. I am saying this now as if the price gets much lower the day trading mob will flood this share IMHO and then it's an uphill battle to re-establish reputation...

I hope I am wrong more than you could imagine but again, the price is not where it should be and seems to me to be abnormally suffocated.

Do we know how many MM's have been authorised to trade CERP shares?

ATB
TL

[johnleslie] 07/11/2018 16:29

I agree we need more of these in sticky hands. As LTHs top up at these levels we should gradually reduce the free float shares. I agree volume would make all the difference.

[the guardian] 07/11/2018 16:26

toploader,this is my take on it. Remember that your buy is the MMs sell and v/v.

Say we have three MMs dealing CERP shares. Each will have a price they are willing to buy at and a price they are willing to sell at.

MM1 Buy 4p Sell 4.5p

MM2 Buy 4.1p Sell 4.6p

MM3 Buy 4.2p Sell 4.7p

The spread is then based on the highest bid price and the lowest sell price. So, in the above scenario, the buy price (bid) would be 4.2p from MM3 and the sell price would be 4.5p (offer) from MM1.

So, during the course of the day, punters are off-loading shares and MM3 is buying them all. At some point, he has a pile of shares that he doesn't want to hang onto and so he moves his bid price to 4p and his offer price to 4.45p The other two MMs keep their prices the same.

MM1 Buy 4p Sell 4.5p

MM2 Buy 4.1p Sell 4.6p

MM3 Buy 4.0p Sell 4.45p

The spread now becomes 4.1p bid price to sell shares to MM2 and 4.45p offer price to buy shares from MM3. MM3 has moved from being a buyer to a seller and has positioned his prices accordingly.

If you think of it in this way, the MMs are continually changing their positions because they make money by buying and selling shares so each MM at some point has to position himself to give you the best price for your shares and later, the best price so that they can sell them.

This happens intraday without being noticed but if it happens over a weekend without shares being traded then the prices on Monday morning will have moved.

I hope you don't find this confusing because I did when writing it. Remember, the MMs buy price is your selling price.

Of course, if there is bad news, then all three MMs could choose to drop their bid prices. The only risk they ever face is if they accept a very big sell ie a buy for them and then bad news sets the price tumbling. They could then be faced with a situation whereby they have a significant number of shares that are priced at a lower price than they paid. Obviously, the reverse also applies when they sell shares that they don't have and good news sends the price higher.

[offerman] 07/11/2018 16:24

Then there's also the Predator trials which look great so far. Just imagine the top end figures being reached and 50% to CERP . Even low end is impressive daily output. If great guns then buyout and 4m in the bank too. When you think about it there's bloody loads going on and watch it all come together. One thing for sure , newsflow will definitely increase by a considerable amount either at quarterly updates or maybe in between too on deals.

[offerman] 07/11/2018 16:21

And I haven't even mentioned factored in all our new assets too. 17mbo on our books inc new assets. Will increase further too, infills, rejuvenation's across our assets . If WF is a success at Goudron can't see why they won't roll out over the rest of the assets. Also there won't be the sand contact issues we have experienced st Goudron . This should show higher output and more consistent onna weekly monthly Basis as can continue with more continuity as the topology is different than Goudron. I'm looking forward to elsewhere also having 100% and of first 10million before tax and no poor IPSC around the 60 mark either . A stack load to look forward to that's for sure .

[offerman] 07/11/2018 16:14

Good afternoon Mike,Totally with you on this. Before you arrived here I asked this very same question a few times as to what who how controls the share price movements and who decides by how much. I had some really good responses from folk on here and from memory is just set high mms to low mms then making business in between those prices for themselves and clients. My personal opinion at the moment for why we are where we are is: LK and team had to sort out a right mess. Mms didn't quite understand that ridding spain is actually good news. Also , and this is major factor , there has been a consistent large seller /sellers for the last year now with no let up in sight. When large buys appear then not long after a raft of large sells appear too. Also the volumes are very low. As soon as news hits watch this space mark up re-rate. We are in a bit of a void really until we get new of M&A or increase in bopd plus WF results. We need news but Leo is taking us in the right direction . It just hasn't gone to plan RE Goudron .....yet. I still think Goudron will be massive for us. 1.3boip3%rec - 11mbo WF could add a few % on top and then there's co2. Feeder keeps feeding exacellent API. There's no reason we can't recover 100MBO from Goudron and even that won't be the end of it as replenished from below. Why do you think CPR kept increasing........ With the three stage recovery well under way with current stage two we can expect siginificant increases in bopd. What we pump in we get out. The longer it takes the better, more water in more oil out. Wells are charging over several points. Initial results are extremely encouraging . We should be just over 100 000bw in around Christmas time. That will come out as oil and at higher pressures than present. So much to look forward to absoloute bargain at these prices . 5p was a bargain , look how many piled in at that share price inc me to average down . Mike this share moves rapidly , it will get marked up significantly on a whiff of good news and large buys will start appearing which should overtake this last year of sells. I'd love to see another investor like MJ or Schroders buy up more sticky shares.

[chutes01] 07/11/2018 15:39

one thing is for sure, koot the hoot walked into some mess here a year ago, takes time to sort out, well integrity, WI,value ranking, people skills, bad debt, if he sticks around he will get there helped by decent m&a.
How many shares does he hold now after being paid 50% each month in stock

[arrynillson] 07/11/2018 15:28

SmoggyG - genuinely wish you well with your investment- I’ve just bought and renovated another shed so understand the benefits but mine was a bit cheaper!

[toploadermike] 07/11/2018 15:18

I still don't get it why this share dropped 2 points over the weekend for no apparent reason, I wish someone could confirm the exact reason? I have seen this so many times and never been given an answer in all the years of trading. A MM can't just decide to drop the price (20% for example) for no apparent reason, so where has the reasoning come from? Why if the shares were active on Friday at a 2 point higher price were they dropped by Monday morning when in fact the market level rose, there was no bad news, in fact there was good news, but the price just drops?

Looking at the graph and trades it looks like this has been an historic reoccurrence, all the way down the line so to all of those long term holders of CERP, has this been mentioned or even challenged before?

This makes no sense and needs looking at IMHO.

ATB
TL