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Not worrying? all good!
I accept your personal abuse gratefully, since I have no business sharing my own opinions, or data from the public record, here on this public discussion forum.
Thank you for setting me straight.
Don't worry for a second. Your shares are literally 10x more valuable than mine. Crack on.
Nobody is taking advantage of us Devilbhoy, we understand fully what is happening and soon will be trading much, much higher then the closing SP.
We are just glad to be holding and locked in.
rather like those lines Devil
might steal for future use and abuse lol
:))
“I can't for the life of me figure out why anyone here would argue AGAINST this.”
Because they don’t understand. They see acquisition via dilution versus funded by debt markets in the same way they see some random person just wanting to stick a finger up their ass versus a genuine rectal exam by a doctor: they can’t see that one is taking advantage of them for no reason but their own benefit and at their cost.
agree asmalik
all in place now to attract the REAL hnw and INVESTORS, they will want assurances
and will be looking as you say towards de-risking via dividends and maintain a
large sticky holding to take those dividends annually
Not like the one's we are leaving behind just looking for quick profits from heavily
discounted shares and pump dump survival funding
The future should be MORE Clarendon Funds and please let the door hit you on the way
out to the past lenders in for spikes not dividends lol
:))
Because of the assets that we just acquired at great cost, we no longer need to part out YOUR interest in the company to equity markets. As we have in the past.
I believe that investors should be kept whole, and debt financing should be accessed for future risk taking. We have paid enough.
I can't for the life of me figure out why anyone here would argue AGAINST this.
Agree the consolidation just set a platform for future plans and options IF quick funds
required as said earlier SOMETHING that might happen, another AQ deal , or OPL226
option taken up after successful drill by Essar
or even more rapid development of Copl America , for example all those planned to be
drilled additional wells, will have secondary and tertiary OTHER layer targets in the
basins stacked pay formation
Any and each could prompt an additional amount of funding for a NEW development
but with current finances in place all current plans should be easily covered by cash
available and growing monthly revenues
The consolidation would at this stage just attract REAL investors not the pump and dump
wonga survival lenders like YA/RGO he paid off and left behind and the quick easy profits
on cheapo heavily discounted shares dumping brigade
Attractive share base , real investors in for the journey , growth and dividends will give him
more grief than any of us could, at A/EGM's etc if they deem the prospect of a dilution to
be frivolous and not in the companies best interest
The typical dilution cycle after consolidation common on the AIM market , is the same wonga
lenders continuing to rinse repeat , We are MAIN MARKET already with an up market $65m
deal with headway with a bank not a shylock of the market
All that will attract better quality INVESTORS and open up far better OPTION's for finance
IF required, which it may never be in terms of equity raise , as production increases RBL
and others debt finance deals more likely again IF required
The other version is companies that have no revenues , no imminent likelihood of revenues
and a bunch of habitual scumbags in charge , who all usually have 5-10 other directorships
coining in salaries under false pretences, spread way to thin to actually devote any real
effort to any of them
Arty to his credit has dug in and come out of the other side with an amazing deal ,setting up
a potential billion dollar company, which again since day one arriving on the London market
has been his stated intent for copl
Personally think he has now put all the pieces in place to achieve his dream based on the
solid foundation Copl America will provide to support the various TBD, other elements of
the enlarged Copl Group, POSITIONED for GROWTH
Do not think we will need it but GLA
:))
Per corporate comms, raises via placings are both expected and planned for.
This was published to both SEDAR and RNS.
Also the CEO stated his willingness to dilute further in the last special meeting. (A meeting which was, I kid you not, for voting on a measure with the purpose of facilitating dilution.)
You guys need to read you RNS and SEDAR docs. Reading one feed or the other is not sufficient to get the whole story, as stated by many others.
Beyond that, anyone wanting to be in denial is welcome to it.
Arthur has alluded to possible dividend payment in the future. So why would there be more placing in future?
Unfortunately CAWCAW the shares in issue are more like a giant box of confetti.
The only saving grace is that the dilution and issuing of shares for Atomic has added value. This value should grow over time.
100/1 I have no issue with this would leave 180m shares in issue once warrants where issued but what we would want to see is a share cap ceiling to stop any spare of the moment spending and address shareholders first.
He raised the additional £13m for costs etc which will fund the miscible flooding, finance restructure is an option and he has the additional $20m available headroom on the finance so he shouldn't (I say should lightly) require any further dilution. Finance now we have a constant revenue stream should now be an option going forward rather than dilution imo and what shareholders will expect from Art.
The FCA are pedantic but are all about finance, that big informative presentation on the
companies restructure Copl America etc etc would have no bearing or influence on the
FCA and would have been nice PR to have also disseminated to his majority shareholders
(volume) this side of the pond
Others like the AGM and 100-1 etc nothing to preclude them from actions also being
informed , future actions beyond the relist
Would have cut a lot of that bs out of the board as you stated, with people arguing over
info released in Canada and posters unaware it happened, its what it's there for and
technically , those mentioned dates passing , on Main Market exchange rules, demand
a mandatory response positive/negative update, again unless he forgot to tell us we
we are Suspended not delisted and the market rules still apply, hence the we issued
more warrants and the results passed as RNA over rns newswire but all the nice to have
presentations etc the less active market got informed but we did not
But as said before our PR company Yellow waste of space NUFF SAID
I would rather eat my own **** than employ them to sit on their hands as they have
done on a couple of dozen shares I have been in with them as non existent PR guru's lol
:))
and the FCA Supplementals are 1 to 5 days , must be responded to by day 5, can do the next
day if all Ironed out on the way , which as said for sometime , original prospectus long since
declined and now in supplementals to finalise and approve , Arty could already have been
given that nod , right all we now need (the q1 results) and your good to go, in which case he
could give us a pleasant surprise soon
and IF the previous quick delist/relist he reported in an RNA message ,still stands it could be
very rapid
but as said and posted all guesswork until our name in lights on the often passed links for
FCA approvals and Exchange future upcoming new issues and listings
:))
Nope he could have passed everything he passed on the Canadian reporting
system we are SUSPENDED not Delisted
He could have stated exactly that , we continue negotiations with the FCA and da di dah
we hope to be in a position to by and like wise having given a date end of April poss
drifting into June , updated the market as to why we missed that deadline and what
might be the next steps to achieve that objective
Been in probably 50-60 of these events the vast majority NOT DUAL listed and they
all found time to send something occasionally into the market news wire
so a very feeble excuse
:))
I agree it sounds like the government all bs.
Not to sure what Art can tell us HFB.
You are not a stupid person.
Kept in the dark like mushrooms, throw a bone! Really!
The period why we await re-list has been in the hands of the FSA . He would have been restricted on what he can and cant disclose.
Many on these boards have a lot to say for PIs that had ample opportunity to sell out before suspension but chose to hold then b!tch like little girls about updates and limited coms in a closed period..
Prospectus will have been agreed over the last number of months and ironed out. The Q1 accounts issued Friday will now be added to the prospectus. Updates from FSA to COPL approx 5 working days from receipt.
Expect the company to be updated from Friday / Monday and PIs via the RNS route shortly after.
You would think most had lost a fortune in this share, when they are actually part of something that will make them a fortune and great returns.
Purposely being avoiding posting on LSE as I get miffed by the majority of BS that is spouted by PIs that say the first thing that comes to mind regardless if it adds value or not!
SEDAR direct link for anyone wanting to watch the Canada news.
There are definitely things filed here that are never published on RNS.
Also, the timing can vary, and news can hit SEDAR in advance of RNS sometimes. Worth paying attention to:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327
Re: Using equity markets (dilution) to fund projects.
Dilution to fund Atomic: 600% MCAP increase (24MM-->155MM) translated to 100% change in the value of our holdings (.005 --> .01).
If we consolidate, I think it will be too tempting to just do another placing and explain it away to Katie as "necessary".
Rather than access debt markets, which have never been cheaper and which tend to preserve value for existing shareholders.
We have assets now, and audited financials, and have proven that we can access debt financing. Share printers should be shut down.
Only history will tell the story of consolidation GROWTH , new AQ's , operational developments
(next phase of Wyoming stacked play dev , paying for 20% increase in OPL AFTER successfully
drilling etc)
or as some fear the feed themselves keep the lights on for years achieving nothing that is common
on AIM not Main market listed shares, personally think his agenda is clear, was looking to develop
a billion dollar plus tier company when he came to the Main Market and his rhetoric suggests he
still harbours that dream
Nice long term value accretive , revenue generating asset tucked away , once loan repaid, all that
becomes free development cash offsetting future raise requirements and if Nigeria pull their
fingers out and let Essar throw a drill program in
We have a 2nd fundamental , WIN WIN , if Essar success on OPL-226 we can invest in a further 20%
within ShoreCan ON A DISCOVERY , that has a target of 5,000 - 20,000 bopd per well and a plan
for FFD and another 25-30 well of the same (that's some pretty huge upside)
If Essar unsuccessfully drill , it costs us NOTHING and we have the option to walk away or pay our
way on the next drill as said win win GLA
:))
kell
need to look at XOP SEDAR CANADA , its our equivalent for reading RNA messages published over
the rns news wire
While Arty has kept us like mushrooms , they have issued MANY RNA messages over SEDAR
we are dual listed always need to look on both to keep informed, especially in this case most
have been on SEDAR and just the occasional bone thrown our way via rns
:))
Hey mum, I was not referring to HFB. Thanks all the same though. Hope those 3 kids are not too much trouble.
Balmoral PV Mk.2
Bring it on.
Not sure why all the talk about consolidation... already been voted on , next subject !
Guys the BOD’s stated purpose for consolidation is dilution.
Company has grown 6 fold in MCAP since Christmas.
In practical terms: My shares still trading at the same half penny this morning as I bought them at at Christmas.
Meanwhile private sales of 10 billion shares transferred most of the ownership of the company away from the PI’s who funded it and stayed to grow it during the lean times. Most of the benefit of Atomic now goes to others.
If you like the sounds of that, support dilution.
Agree with the consolidation in this case alone. In Canada many pi's will not touch a company that's share price is so low (under a dollar). Many institutions will not touch it if it is not on the main market TSX just like Art started on UK's main market. So I the most number of investors looking to invest to raise the share price. I am still buying shares when I have extra cash top up. GLTA we are all so close to making some real money!!!!
HFB it does indeed