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correction to that last Shaa m8
with the flags seen previously on our big Buyer not seller
perhaps £7.50p code for we are also done
seller done with a splurge late yesterday , buyer seems to have departed since Thursday for large
could be Thor's Hammer on the ASK tomorrow free to fly it would appear
famous last words etc etc lol
:))
was it worth the bother a 17:06 trade for a whole £7.50p with our previous large sellers
flags with a twist
TNC-P ECHO XOFF
Non Price Forming Trades
TNCP means Non Price Foriming Transactions and Non price Contribution
to Discovery Indicators
First day since return no huge late/delayed sells , buys or both
Looking like we are primed to go at last m8
:))
Crying out for a positive Red Dot HFB, that will get things done.
Art knows the markets better then anyone, maybe is was waiting for the sellers to bugger off.
said yesterday fancied the 3 late £30K+ trades might be him gone all 3 had the usual
P LRGS XLON flags fitting our long standing seller large trades
one for 16:26 the next during the close auction and the final one completed at 17:05
Friday the last one similar 17:06
We are now in that timeframe nil so far , looking good for tomorrow if we can generate
some volume and Arty can wake the flashing red dot up late tonight as he has a habit
of doing after Canada closes and we are all nodding off lol
:))
Let’s hope so HFB, got to be close now the seller has gone.
Exchange prints got to 3 on page 11 = 103 trades above ls east has 106 as it doubled up on the
3 x cancelled and reprinted trades, real market only counts them as 1 this lse as 2
came out yesterday with a closing auction UT worth £30k today a mere £584 fingers crossed
the players and Shaa's late Larry's are finito benito and tomorrow the slumbering beast
awake's
and some news would help Arty ffs
:))
came out of end of day auction 16:35 with a UT at 0.34p
:))
sure they are all sells the market only post trades and anything within the
spread is fair game for either
Special Condition: -
Trading Status: Closing Auction Call
Auction call at close see if more £30k+ trades drop in like yesterday
:))
can this lse not go a day without being and playing fubar
sure this will land as some point lol
not seeing any posts after illusions at 09:02 ffs
:))
haha a top up coming lol , my old faithful gcm just took a **** drop on a chinese
coal announcement pre climate change meeting others like orcp barely blipped
gcm ***** slapped - 40% managed to get a punt in at 4.15 already climbing 4.45
started the day 6.10 yummy some more copl for me
Arty I take it back m8 hold the rns until I slice it back out lol
Well put Tilburn if it was not for our ii ‘chums’ this would have been easily trading at 0.7 plus.
Convinced we are simply seeing warrants shifted and stock bring taken on by new IIs at basement level.
VERY frustrating as fundamentals are outstanding
Lol, nice one Tiburn
‘when he’s good, he’s very very good, when he’s bad…..,’
That was a loud chuckle.
Fingers crossed & one of the North Sea’s most proficient drillers is again back in operation.
Excellent summaries bud.
Noob
fair points - all possible.
MM must appreciate that the Debt paid for the asset - no debt = no Atomic
and is manageable - pay back form Feb 2022 over 4 years at $1m p/m capital and decreasing interest of $440k p/m - COPL can cover that already as MF so great.
The thing is - thats what we are interpreting based on trawl through the prospectus - AM has not specifically addressed the debt repayment ease in interview or RNS, possibly to refinance so we are left assuming all is ok. Lender did their calcs so it will be ok - its what they do after all.
We know Art has a history, good and bad - I agree he needs to prove himself credible, some quick wins possible here, developing trust has to be a core part of the business plan, for II primarily and we get the benefit on their coat tails.
So far - no more dilution, crazy moves buying multiple African adventures - so good.
Excellent post Tiburn, you've summarised the situation perfectly!
^^ Exactement.
I'm with you Tiburn, along with many others.
What are the negatives? Perhaps LB28 & Ironhide can spell those out for us, so that we can make an informed decision LOL.
Perhaps It has gone so well the market doesnt really believe it :)
MF has been outstanding to date, a discovery in the fed deep first time of asking - by total chance as he had to drill or lose the permit, CUDA insolvent and being sold soon- on a plate if AM positions well, CNOOC cant operate in USA so may also sell, gas price hedge (outstanding call), real II joining, MF gas bullet supply secured for low cost.....
With a backstop of WTI price and demand increase benefit.
What dont you like MM? the font the CEO uses in RNS ?
COPL is a race car on the start line, wheels spinning, rubber laying, smoke pouring, fishtailing in place.
Come on - let it go
Be patient folks - bulls win, bears win but pigs get slaughtered. Don’t have to always have your nose in the trough chasing rainbows etc. We know the assets have excellent potential just have to sit it out.
great post Illusion - totally agree:
"maybe Arty is doing a better job than we understand at this time."
WI in CUDA he cant disclose until it plays out, adjacent Majors discussions, acquisitions, and deals ongoing, lenders view and refinance options all happening in background
All about positioning - could he have played a better game so far? just some paperwork issues really, nothing material.
The second part of hopefully a Trilogy hopefully,
Before I start these are just thoughts not predictions.
THE SPRAT:
COPL and AM of course is the sprat , AM in the past has said he would like to build a billion dollar or even better a
billion pound company , but no disrespect to him time is not on his side,
He has made a brilliant purchase in Atomic,and is trying to maximise its potential as quickly as he can ( within the
constraints specified by the senior lender ), he is showing great judgement , the miscible flood way ahead of original
predictions , the hedging of gas prices for 5 years ( could turn out to be a masterstroke the way gas prices are rising ).
The new discovery in the deep unit which could also be transformational ( with multiple plays and opening up nearby
federal leases as well and other subsequent drills in a schedule down the line and possible acquisitions of other
leases nearby. Cole Creek opening up already prepared but as yet unused wells.(and more drilling to come )
Trying to maximise everything he can as fast as he can (not helped by the FCA keeping us in suspension for so
long)
.
WHY
THE MACKEREL.
As mentioned above AM would like to build a billion pound company , the quickest way to achieve this in addition to
Atomic would be to pull of his original plan ( and the reason I joined this merry band lol ) , NIGERIA , although we
are hampered by poor government from there,delay after delay + Covid , they now realise if they do not get their act
together they may miss the boat altogether.
Bill finally passed ,licenses changed to speed up production or they are forfeited ,so our joint partner Essar will want
to move quickly if 226 is reinstated , well head already established so only production testing required ( presumably
1 st oil in the agreement between us and them ), so then uprate of licence and on to full production.
This leaves AM with a headache , dump Nigeria possobly sell 10% or find a lot of cash to fund 10% and even more to
fund 30 % and on to be the billion pound company and the multibag share we would all love to have.
To achieve this he will need luck with the timing, ii's and financial institutions on board that trust his steward ship and
judgement,and most importantly his good news at strategic moments and to best advantage.
We know he has been talking to ii's and the like ( just to get the share price moving maybe ) but maybe he has a
BIGGER PLAN, if this means some getting in on the cheap for a brighter future for us all then so be it.
I am as frustrated as everybody else with the machinations of he market and for the last couple of days
compounded with more global aspects, but it will be worth the wait,
GLA to all the coplers, maybe Arty is doing a better job than we understand at this time.