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(More of a problem than a gain is a benefit, I mean)
LB28, if you are right then I may have landed on my feet since I added the greater part of my current holding on Friday at 0.32.
Panamabob I was asking about that earlier. What is the incentive for Art to reward shareholders at this stage, and what is the disincentive for him to debase our holdings? Weighing that up against the lure of an acquisition or extra funding may give us some sense of where this could go.
There must be consequences to the manner in which AJ BELL came to release such sensitive information Quite extraordinary when you think about it.
As to your second point that's what many are afraid of. Arthur is an oldish man on a mission. I'm afraid he regards Retail Investors as ' Collateral Damage' IIs don't like entrusting large funding to Demagogues. Eventually they fail 'big time'
I always hear this and it is faulty logic because a loss is for most people more of a problem than a gain. If one sells out then the opportunity cost does not include the original value of the holding. One then has the choice to buy back in or buy elsewhere.
The other side of the argument is that the upside to be forfeited is unlimited, however, stocks do not generally fly up instantly by 1000s of percent and it is very likely that there would be an opportunity to enter on a retrace.
If I knew this was going into the low 20s of course I would sell out and so would most here. Hopefully it won’t come to that though.
Is AM's priority to build a billion dollar company irrespective of cost to private investors?
Ironhide i don't think silence is an option, not only are all the people on the various chatboards annoyed at the mode of announcement, if the email was genuine there could be regulatory implications ,because shareholders were not informed by a RNA first.
Speaking personally as VLTH I am perplexed at the thought of yet another raise. I thought those days were well and truly over. It is absolutely crucil that PIs can actually feel that their long wait for some kind of profit is realised before anymore 'adventures' no matter how well meant they may be.A period of stability and steady growth coming from what we have would be appreciated by many.
Arthur needs to convince the Market as a whole that there is something in it for EVERYBODY, not just the BOD and his mates and Insiders, If he truly wants a respectable Mid Tier company this new perception is absolutely essential. Depressing the SP further will drive even his most loyal supporters to despair.
I hope we get a sensible RNS tomorrow
Chill people what is going on right now is all good. Arther is putting in the foundations blocks for his up and comming new mid-tier company.
Ever increasing oil production and new oil plays, plus 226, this time next year or sooner bopd could be 20/50k +
Just don't get spook by what you read let it all play out, remember Arther knows his stuff and is one hell of a deal maker
"we don't even know what the sum is so hopefully the bod will clarify tomorrow"
What placement, what consolidation?
Very relaxed here. But I'll be invested in this company for another 18 months at the very least. Good times ahead. It's that simple.
I can handle 0.3 for a while, I only panic at the thought of 0.2 as Tiburn suggested. Can value and sp really get so mismatched?
Even now, very troubled companies with 1/10th of our reserves are priced at 1/3 or half of us.
There has to be an RNS of some sort tomorrow.
Whether theres a consolidation or not, and with all the news due, why take the risk to sell now (for some at a loss at these levels), thinking you mght be able to buy lower, and then potentially miss out on the news when it has been released, and so will open maybe 5-10% higher, or end up buying in at a higher price than what you sold at, or worse still, buying in higher that what your average price was.
I didn't want a consolidation, but I'm sure some can see why it may be done, its just a matter of timing.
If no RNS tomorrow at 7am about an actual consolidation, then COPL/AJB would still need to explain what happened Friday.
I'm holding as these levels as you just dont know whats going to happen at any time in the coming days and weeks.
GLA
My bad. Will do Woodstock!
Charlie. Simmer down chap.
Regards
dbh. Steady on. This forum does offer diversified opinion. LB28 and Iron appear to blow in the wind with their opinions, however as already mentioned this forum is offering sensible arguments.
Regards
Noob, a crybaby is someone that’s moaning. They’re moaning. It may be someone’s opinion but can still be a crybaby lol.
I guess we will see on Monday who’s still crying.
But you Nob are completely wrong and deliberately misleading people. There is NO dilution. There may be consolidation but that does NOT mean placing. You and this new kid on the block lokanrae, where did it come from, are working hard to put negative thoughts in the children crying wolf because some alleged Canadian said there will be a placing which is total rubbish. It could equally be that consolidation to 32p steadies the ship, invites it’s and provides the foundations for rbl lending.
I value Lb and cawcaw’s posts….. lots on here get triggered with the p word
That’s if it’s real in the first place
One of the things being said on here is consolidating while the share price is down/declining. We now know the date of October 1st for consolidation, that gives Art 5 days to drop some bombshell RNSs/decent-ish news and then by time we consolidate we technically have a share price which is up and on the rise.
Personal opinion: people are panicking like crazy. I remember this during suspension, people, especially some that seem to have had a melt down over this recent news are the same people that were crying about how we would never come out of suspension. Guess what, here we are. Yes, not at the price point we wanted but we know why that was. We have been saying over and over again, too many shares in the works and we need it down. People are jumping to conclusions again due to lack of patience. The rich don’t just get rich ya know. Takes time. I’m only 20 years old and feel more mature then half of the crybaby’s on here.
Peace.
Agree totally Tiburn timing is the key here, AJ Bell email a total **** up AM must be seething !!!!
I sent an email to cathy on Friday evening no reply as yet .
Last one from me Lock - all part of sharedealing and the rollercoaster ride.
If everything in investing was predictable then nobody would be selling burgers, stocking shelves or working in an office - THEY WOULD ALL GET IN ON THE ACT.
Too tight Demon.