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No Evan just Wyoming has been invaded by partying Oil guzzling Alien blobs
from the planet whatthefcuk and we are all going to be screwed , hopefully
not by the blobs lol
:))
and exactly m8 , the oil is flowing more each day at our asset worth multiples of current
market capital on a resale value just for reserves lol
MC remains on the ground floor, be it we have 15.6 billion shares or 156.4 Million next
month
Shaa will be delighted to be typing 1p increases in the share price not 0.01 moves lol
HFB can you honestly say this is heading in the right direction ? Arts screwed us PI as per !! Iv held this long but so tempted to pull the plug Mon am it scares me where this is heading !!
So the SP is crap but honestly what is the problem with business?
Hand on heart as posted earlier , no way of knowing until we know the
Why is the consolidation taking place suddenly right now
Who is involved
What is it expected to achieve and how
To attract Sticky real investors or more placing to his wonga mates
To speed up development of assets or make another AQ
Direct equity investment in company by a new core investor
Just for ****s and grins and to **** a lot of people off
Without more details god know ,the Artster not feeding the mushrooms
as usual until he want to lol
:))
Evan
as one who takes zero notice of sp it's a short term measure and with shares in
issue at any given day , year , decade a function of Market Value which is the
only key metric on any share
MC on consolidation £50m as it is currently
No further change in share base and 0.32p becomes 32p
The big difference is if we raise £10m its another 3,125,000,000 shares to flush down here
versus if more up market clients await 31,250,000 at 32p which can be quickly flushed
or taken as a direct equity investment in the company by an Investor planning to stick
around not dump dump dump like the YA/RGO and Hardons of the market place
One looking for organic growth and dividends the other not giving an fcuk about
the company or its prospects just their own margins and exit agenda
:))
LB agree and it's the usual lots of if buts and maybe's
If he has a deal in place with a direct equity INVESTOR would not be surprised
if the announcement comes after news has staged a price recovery so the
mushrooms are happy, we sit at say 40-45p
Arty we are delighted to announce ............ the direct equity new investor taking
x % of the company and we look forwards to working with NEWBIE over the
coming years as we implement or company growth strategy ,,,,,,blah blah
Then the kick in the nuts ............ NEWBIE has invested Y million and Z shares
have been issued at 32p determined during early negotiations in September
BAR STEWARDS
The investor given an instant cushion above their threshold and a bottom placed
on that threshold £50m MC
:))
Why all the panic?, we all new that this was going to happen at some point.
Quote from hopingforbags:
Or again could just simply be to make more attractive to upper tier REAL II's to
INVEST and support the companies plans , not lend and stifle (wonga/dumper)
the SP while the market cap keeps growing
Why can it not be as simple as that???
I just listened to the interview with Zak Mir again. If there's forward selling going on that Art knows about, he is very, very convincing when feigning incomprehension regarding the share price. Might not be that at all.
100/1
Slightly surprised by the levels of 'outrage' when we all knew this was probably happening.
Quite happy with this - like it or not, he's a man with a plan.
Remember the share price 12 months or so ago??
"Remember the share price 12 months or so ago??"
You're joking right? SP 12 months ago (when we were broke and dying) was was the same as today. When we are producing thousands of net barrels per day at a ~$30 USD netback.
That's the point: All these mechanics create value for others. While leaving retails to suck the hind tit.
We have apparently benefited zero from 12 months of effort, and hundreds of millions in net asset value increases. Our holdings are worth the same .3ish as they were in September 2020.
More share printing = more diversion of value away from LTH's
Why more people can't see this I don't know. It's like a cult.
@Postie consolidations are supposed to happen when the SP is robust and moving upwards, so that they are a sign of expansion and success. If they happen when the SP is languishing and the company is losing money, aka now, they look like a sign of desperation. And the market tends to react accordingly.
The level of shares already issued as I said in late July I expected what has since occurred
only did not think it would take this long to clear the overhang, looking at old RNA messages
last night back to last summer , other warrants also lurk ed in the background from previous
placing so that is probably the extra volume churned with the 0.26p warrants and 0.32
placing and ex owner in the mix ?
He keeps saying moving up in the world and he has been there before be it a long time
ago all we can hope for is he has now attracted those upper tier investors that will help
grow the company not stifle it
success is based on rising market cap from a solid share base making the sp fluid
MC £50M Sp 0.32p next year MC 100M sp 35p abject failure
MC £50M Sp 0.32p next year MC 350M sp £2 plus = the boy done well
Right. Pointless prediction time. Monday morning RNS consolidation at 100-1. In the same RNS they announce placing at 32p. No explanation for raised funds, possibly working capital. Share price takes a hit and ends day at 25p ( or 0.25p if consolidation isn't that day). Following day we announce funds to be used to acquire CUDA's distressed asset and associated debt. Same day I sell having trusted Arthur (with no reason to based on previous). Let's hope I'm wrong. Personally bad comms is my issue. I certainly don't expect to be given updates on when Arthur's having breakfast, but this company shows contempt to it's shareholders imo the way we are left to guess the next move.
Not the best time to do it tho when the share price is in the gutter with zero momentum…. Also not very classy to let the news leak out on a Friday night
SP 12 months ago was 0.04p
agree with the sentiment of your post for his routine past actions but the
what is about to occur is uncertain until we see some meat on the bones
If he has finally cracked it with a core investor vice wonga's as you say profiting
with a rising share base and market cap and a stifled sp then all is good
If he is doing it for no purpose other than to continue his old bad survival habits
then he is an inept clown
until we get some details of the who what when and how questions
the verdict is open lol
:))
Agree with the poor comm's and **** pr but in many with YJ and useless
The whole rto fiasco all send in the clowns and throw us a bone comms
So tonight's news by brokers not RNA message over rns and sedar no surprise
:))
could be worse November 2019 ICON sitting at 0.14p arranged a deal with a wonga
shares in issue around 2.5 billion one year later sp 0.014 an 31 billion in issue
perspective people , one not a lot and hopes and dreams
Copl advanced from rainbow chasing explorer to PRODUCTION COMPANY with rising
flows and revenues during an oil price super cycle with 6 more layers to play with
Nigeria if Essar get released to drill could be worth far more
enjoy the weekend a DETAILED rna message could be the end of the beginning lol
:))
could go back to when Arty and I where buying shares on the open market at 2 - 3p
comparison of old sp's a pointless exercise
My orcp 11 years ago 10p earlier this year 0.8p but the same market cap and moved
from 1 major project in development to 3 all talks an no trousers still no revenues
not a piece of ground broken but not attached at the hip with YA PN II death spiral
finance via CLN's even added a Gold asset , the 3 other projects valued at LOI's
of around £7 Billion for their 12.5% if they ever move
Now sitting at sub 0.4p
Arty cancelled YA's partner and understudy RGO worst of the scum around
moved over to next level self interested scum bags not II's like Hardon
Fingers crossed he is about to leave them behind for REAL INVESTORS
:))
The asset is a good one, we don't own it all, one affiliate is not coughing up it's share, the market and ii's are not daft hence the current Mcap. The endless churn by investers nervous also says so, until we get 85% we ain't adding to the Mcap. Looking forward to Monday, have a good weekend everyone with what's left of it.
So what is going on here what does this mean
Dont think iv ever felt so concerned here as to now !!
@ Yacht Master-
12 months ago ; 25 Sept 2020 sp was hovering around 0.25-0.32 NOT 0.004
Every opportunity you want to tell the world what your average is,
Show some class man.