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Interesting -
"consolidation ....could facilitate additional financings to fund operations in the future"
Could also be an II offering funds up front for development, paid for by production revenue offset over time or a % for a period - win win.
A few deals could be done around this theme, the asset is certainly attractive enough with a ROI increasing daily by MF and upside being realised by drilling.
Perhaps a placing allows a block of existing debt to be paid off, then refinance on better terms.
Once again, no placement or consolidation has been announced.
Don’t disagree that there won’t be a raise in the “future”. It’ll be done for strategic and commercial reasons. If you want to be taken seriously by II’s and have aspirations to be a major player you don’t raise when the SP is on its ar$e. If you do a raise now you’ll never get there - simple! Timing is everything as Art knows - Atomic acquisition being a fine example. Without which you wouldn’t be sitting with a very valuable and prosperous asset bought for peanuts. Too many scorned women on this platform.
Demon. Cracking post.
But isn't the problem that Hadron etc only want the placing shares when the share price is on its arse? That's how small companies raise fast, that's how their partners make money.
I think you forgot to insert the word, NOT in your first line on this posts.
Post made me laugh Demon, lol
So true, MM’s read these boards and know a few snow flakes are teetering on the sell button, I think we will see a bit of red tomorrow first off, and the MM’s will be like a kid picking candy from a sweat shop.
My opinion, sit it out until mid NOV and wait on Q3, if the SP is still at these levels then ‘review your position’.
Personally I am holding long and see next year as massive.
I’m sure RBC and HSBC are happy we’re taking directives and business strategy from Hadron, lol. Get real!
shaa, you are probably right.
But in any 'red first off', 'wait until November' scenario, what you are actually telling people, what they will read from your words is 'sell out and buy back in lower'.
COPL need to secure the CUDA 27% Working interest at the start of this journey by any and all means - with the deal being done in next few weeks - cant wait on higher SP
But if the company can't wait on a higher sp, why would/should shareholders hold through a lower sp?
Not at all lokanraej, not at all, every investor needs to make their own decision.
Some on here are having meltdowns (assuming they hold!), I just read the situation which MAY happen that if MM’s drop it then we might never see them again.
As for Q3, there will be more meat on the bone.
All IMO, I could be wrong because if someone asked me on the eve of re-list what SP we will be end of September then I would have said 1p minimum.
This is discussion BB where a lot wear masks and shouldn’t be taken as investment advice.
Lock “ But if the company can't wait on a higher sp, why would/should shareholders hold through a lower sp?”
That’s the beauty of this game, nobody knows what news will come (except Art) and how the MM’s operate.
Buy, Sell or Top up - you pays your money, you taketh your chances.
Shaa….and a lot have double aliases too. So transparent
I'm just surprised that the most positive posters here have gone from 1p + certainty to acceptance of a future drop to... 0.2?! As well as seeming to see that as likely rather than unlikely.
That's brutal.
Fair, good reply shaa.
Too tight Demon.
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.
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 .
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.
That’s if it’s real in the first place
I value Lb and cawcaw’s posts….. lots on here get triggered with the p word
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.
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.
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