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HFB - i dont know what you do for fun or how you spend your spare time, but i reckon your have written more (often repetitively) on COPL in 6 hours, than i had to obtain my Masters degree, isn't there a golf course/fishing lake/shops/cinema/brothel etc near you?
we own atomic and all its assets/infrastructure , cuda percentage of the LICENSE will give us 85% CNOOC still hold 15%, although declined to take part in the deeps drill, USA legal issues etc , so probably his next target , to see if they are willing to let their 15% go, no funding issues with them they are the Chinese Government , so can pretty much do as they please.
Not until his mates have got their rates and a £1m+ profit/fee from this latest kick in the multi bags he has had the ammunition for a long time , he has chosen not to use it , so as not to disrupt their plans , the good news is , we now know , he has not changed , porkies drip of his tongue and the day the long promised, Regular News DOES flow, they will be gone, FOR NOW and we might rise or even re rate, until he throws another spanner into the works, ffs
That's the main problem , he appears to have no plan, talks good game ,courting INVESTORS and leaving the lenders (they are not II's, should ref to as IL's more fitting ill make your sp sick) behind, upper , better finance options as taken with the Atomic deal
Someone needs to slap him round the head and remind him if he makes his Billion MC company and still has an SP of 20p, that is called abject failure, not success, which would be doing the same but having at least a couple of quid and a low share base.
Which is not from2 or 3 consolidations on the way to that billion MC.
Get the flows and revenues up , let the share price rise with it and then raise if required higher prices , lower % dilution , build it , not break it, every time it looks as though progress being made ffs
No problems for me with doing a placing for CUDA. What I and I suspect most holders have an issue is is the mates rates deal that has been given to IIs. Let’s hope he has been understating everything and the taps open on existing production and the deep discovery. We await the next part of Arts master plan…..
depends how many they have forward sold higher , added to their nice half a million starter for ten , FEE on 8m , pretty nice profits , 10% overall on the 7.5m is 750k plus 500k fee , 1.25m not a bad return , sure they are crying all the way to the bank , as per , at copls usual wonga lenders offices
In two minds still. I do suspect pi's have been actively shafted in favour of ii's, but I think we have been shafted whilst getting the company into a more interesting (better) position.
Re the threshold for "real" iis - the new share base makes £50M mcap now equal to 25.71p. So an unexpected bonus of dilution when we get back to that level ;-) Bearing in mind that should be COPL + CUDA mcap. Looking forward to updates to the resident calculators estimates of true value when more is known.
Accelerated placing points to an early RNS on CUDA if there was an agreement in principle and just a matter of form signing and money transfer.
Art should really be getting news out soon (e.g. today/tomorrow) to both steady the ship and add some horsepower.
Until the full details emerge , we do not know if Arty has pulled off another master stroke or wrecked his own SP again , rise in MC again but SP going nowhere due to dilution and further dumping.
Has hoped , he would step in before Cuda into admin, the potential was clearly there for him to get both , cuda bod and the creditors onside, the cuda board still make a wedge our of the same license BUT no longer have any of the financial headaches, we take the CEO on as the new Wyoming COO
The creditors a sweet , over time production deal , they get all their money back , no fire sale cents on the dollar big losses, hell he could have even thrown in a small time based profit.
Now its in others hands , looking for the best NOW deal they can get, we should pick it up cheaper in overall cost v an overtime deal but have to pay the price of more dilution to do it the other version , would have been little upfront cash and some shares and future options at higher prices for the cuda bod.
Exactly Bob, you wonder whether LB actually takes the time to read, let alone think through what he’s posting. He’s currently either put a spread bet on or looking to buy back what he sold this morning for sub 21p. I have no issue per se with trading or traders but when it gets to stretching the truth, deliberately misconstruing factual information and drawing a tenuous and nefarious conclusion then it crosses a line. Me, I continue to sit on my hands and will allow this to mature at its own rate, looking forward to putting a zero on the end of the SP sometime next year.
the gusher not likely , although way back the best Vertical , gusher wildcat , came in near Baku for an onshore well , at 60,000 bopd , the ultimate sweet spot, the local wells around it where 3,500-4,500 , so quite a pleasant surprise.
Be nice to see the Dakota vertical , gushing 150+ or higher , making Shouston need to go out and buy more Egyptian Cotton, salivating at the prospect of a directional , Horizontal into the same reservoir
lokanraej since the late 90's , most of the markets finances as the banks and REAL financial institutions pulled right back (due to getting ripped off by many wide boy ceo/bod) has been by the new breed that like scum rose to the surface , cln based evil , like YA (on its 3rd or 4th name since inception in 2000) and the rise of the pump and dumpers , like Hadron et al
They are wonga lenders using two formats , to get safe easy profits and on their toes , no danger of getting caught out by a duster , profits banked plus a large fee, to provide quick funding or just keep the lights on survival funding.
Type 1 Wonga , pump and dumps rinse repeat (rangebound) until completely clear ASAP
Type 2 Wonga, same but usually commence on a higher spike, selling down to leave a Freebie holding, after recovery of loan amount and some profits, just in case.
REAL Investor , takes a stake in the company and holds (spot the difference) looking for both organic growth (increasing MC non diluted) and de risking once/twice a year Dividends
The latter , usually do not enter the game , until their own stringent investment criteria is met for the UK usually, looking for a stable MC over £50m with high growth potential (so Copl is very much in the game for the latter, Arty needs to buck up to achieve the former)
These same criteria , are usually enforced once investments have been made and if fail to be maintained , they will dump just as quickly as they gathered, like a certain group of pharma companies , all shafted by the same well known fund leader exiting them all very quickly.
Distressed seller , savage drop , buying ops but all current holders massacred when it hit
The Death spiral CLN types and the sub £50m lenders , only ever interested in their own agenda if a given company roars , win , win , they make more exiting but rarely, a right now consideration
Even seen some exit all the way , during an anticipation rise on a drill , TR1 gone , few days later drill , DISCOVERY GUSHER and 500-1000% rise, they would not care , probably made £12-£15m on the anticipation rise.
Gone , safe, funds recovered , massive profit and that RNA , could have said DUSTER and lost it all back to square one , bird in the hand etc
and as you rightly point out , they got HALF A MILLION QUID in fees to start the ball rolling they never loose out , safe quick buck profits , every time.
Volumes jan 51m Feb 47m Mar 86m ----------- half a month to suspension 16th / Aug 91m-------------half a month on return 17th ----with Mar the 164m in issue exceeded 177m Sep 84m-------------fell away as month rolled on / Oct 32m-------------not a lot happening but rangebound and dripping sells still Nov 51m-------------12.42m on Thursday 18th , that week 15-19th 26.66m, the next week 11.06m -------------------------so only 13m the first half of November, until blitz , on for less than October
Looks like the ball was already rolling , forward selling on the placing