Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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I dont think its been rns'd but certainly in the presentation.
Circa €167million valuation. This presentation was before the oil price surge
So yes with all other news from past few months 3 bags is well achievable.
But you cant vouch for the madness of the crowd lol
Thats how all shares work.Dilution until a revenue stream is secured.Guess what we have one now because of dilution
market cap at suspension fully diluted around £50m the asset we now own had
a basic in the ground value at USA rates/NPV 10 of £200m
Nothing factored in for actual production for the past nearing 7 months or anything else
in the portfolio , like a return of Nigeria potentially FAR BIGGER than copl America, which
in itself could grow exponentially from the known 13 production layers in the Powder
River Basin we are looking only at 1 currently
( 13 current Oil and gas production layers pdr - Wyoming geological society posted prev)
Would say x3 on the low side lol
“ absolutely ecstatic that their sub 0.38p investments will shortly triple bag.”
I must have missed the RNS confirming this. Where did you get this “fact” from?
as for the preparation for more attractive shares , that can also be looked at as going
hand in hand with higher quality investors supporting the company not spiralling it
if for example we end up at 2p and 100-1 consolidate new price £2 , a deal surfaces
requiring a quick 20m for a new deal quickly, he could approach the upper markets
and current sticky funds invested about the deal
They could instantly like it and fund the whole thing for a 10% discount to market and
a promise to hold not DUMP ASAP, those shares for 2 years, at which point they may
choose to review their total holding and slice some profits out retaining the remainder
for annual dividends
The likes of such holders look for growth and increased dividends and support any
move that may make them more profits and will resist , call for EGM etc if they deem
a proposal not in their or the companies best interest and non equity options should
be explored
They will unlike the past wonga , spiral pump and dump funders also look to gain from
company growth and if a good deal comes along , take it all for themselves if they so
much as sniff another large market correction they can exploit and still retain a large
controlling holding
Effectively their annual cash cow if the company keeps growing revenues and increasing
dividends, without being turned into confetti on the way GLA
:))
Jupiter mines 50% holding in Tshipi manganese provided clear profits year on year as production
increased from 500KT to 1 , 2 , 3 , 4MT per annum with manganese bouncing at low prices but the
50% rising to a passed on dividend of up to 250m to shareholders in two annual split payments
Its share base remained solid as they made further AQ and developed more of the portfolio and
as profits increased , made regular share buybacks at market price , reducing shares in issue
So REVENUES make companies and if our stated plan all falls into place , those REVENUES
should open up similar options increasing year on year, with the X factor of other stacked play
reservoirs and OPL etc
Arty has set Copl Group up ready to GROW and respond to opportunities , the only way is up
once he can get back to work and the market and leave FCA etc in the rear view lol
https://youtu.be/vjD3EVC1-zU
Great analogy Shaa
Business is as simple as that, and COPL will benefit in due course from income generation and profit.
Art has even spoken of dividend payments.
Transformational period has already begun.
why people talking about placing it,s done and dusted
It could be argued that the leopard IS changing its spots.
His historic behaviours had then seen him offered a £1B loan from a conglomerate of banks led by the RBS.
With the banks then crashing and calling in all their loans that then saw a company once valued at very close to $4B being sold off for a meagre $500M. The leopard got brutally trashed by previous generous offers of loans.
The leopard then changed its spots and got investors to pay for his acquisitions.
Apart from a few disgruntled Pi’s, the vast majority of these new investors who are holding the additional 12B shares, c.72% of the share base, are in no doubt.. absolutely ecstatic that their sub 0.38p investments will shortly triple bag.
IF after relisting, AM then decrees he is going for similar or something bigger then there is a whole army of savvy investors who will be more than happy to be part of the next step up. And he would not be exposed to crippling loans.
I look at it like opening a new shop HFB, you buy premises, buy shelving, lights, till, then stock it with groceries yet we don’t see a penny until we open, that’s when the money starts to roll in!
well put Shaa
but the old king is dead , long live the king springs to mind for copl the old company has
gone throw it in file 13 , the new Copl Group is the only thing to look forwards to lol
:))
A leopard never changes his spots for sure...
But its behaviour can be, modified.
He seeks a reputation to be proud off!
He must change his historic behaviours...
GLA
True we haven’t had our rewards yet CawCaw, but my money is on that we will be handsomely rewarded next few weeks/months.
Company took the gamble to buy Atomic, shareholders took the gamble to buy COPL shares.
Win, win for both parties.
@Shaa that's just my point.
It was "life changing" for COPL but not life changing for me: My holdings have the same value as before the deal. Because of the placings that funded the deal. So do yours, by the way.
That's because you and had our holdings diminished through placings about as much as the company's value increased; thus our share price stayed static.
It could be that it had to be done that way because (I am guessing this) debt providers wouldn't accept an acquisition target that had unaudited and "uniquely structured" financials.
NOW, however, we have audited financials, and audited asset, and a high NAV. Plenty of security for getting funding from DEBT providers like big boys.
No need to take it out of shareholders' hides anymore, even though that is probably much more convenient.
TLDR
DO buy the next Atomic, but DO do it with debt.
All from me.
It was dilution that has brought us to a ‘life changing’ possibility with Atomic.
If further dilution means another Atomic - bring it on!
@John1970 I wish I was stuck in the past.
********
May 25, 2021 MIC:
Basis of Consolidation
The Board is of the opinion that, in the future, it may be in the best interests of the Corporation
to effect the 2016 Consolidation and the Second Consolidation, and such consolidations may
enhance the marketability of the Common Shares and could facilitate additional financings to
fund operations in the future
********
BY THE WAY, I didn't immediately find this on RNS or on canoverseas.com. Only filed to SEDAR that I can see. Take a look for yourselves; it is edifying IMO:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327
No requirement to fund Atomic, true.
Depends on whether you think this BOD wishes to stop at Atomic, or pursue other ventures.
If the plan was to fund expansion using only Atomic revenue plus debt markets, why the hubbub about the special meeting and vote?
Right in the middle of the busiest time in probably 10 years for senior management, they absolutely HAD to push through permission to consolidate STATING THEIR PURPOSE TO BE further dilution.
This being the BOD that seems to dilute every time they get a phone bill, dilutes after stating it will use debt, dilutes when they want to build a cash war chest.
Then, while surprise suspension is extant, Q1 filing is late, etc., priority 1 seems to be to get approval for consolidation for the purpose of more placings.
That's what has played out so far. Everyone can ask himself what happens next.
With production at 1800 bopd, COPL share is 1000 bopd at WI 57%
After costs and tax, COPL currently gain $1.5m a month net revenue, increasing over time.
At 7,000 bopd projected in early 2022 , COPL share is 4,000 bopd - worth $6m net revenue - per month.
New drills planned (which it seems COPL pay for 100% up front) add production in Cole Creek - above and beyond this bopd figure - estimated COPL share 2000 bopd another $3m net revenue - per month.
In one year - COPL could have $9m net revenue per month - increasing each month as more wells come on line.
There is no pressing requirement for further dilution as revenue pays for field development - past rationale for placings may not apply going forward as now COPL are a producer, with a stated dividend intent, angling for II investors - it may happen of course, but dividends paid on revenues and dilution may not be an intent going forward with this new context.
COPL have paid for all the gas flooding - how the other partners pay their way, how COPL get compensated, status of production share going forward is all un known - but COPL will get their fair share going forward come what may.
They are owed $8m as at takeover by CUDA, Atomic sale had this asset as part of the deal.
CUDA cant pay, so payment by Working interest % as their only viable asset may be secured as AM needs this resolved asap, equally the Chinese WI status also unclear.
If their WI gained in whole or part, then apply that % gained to these projected revenue values.