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Shaa - I am pretty sure art doesn’t even think about that what so ever. My opinion only though, but why would he?
Yes HFB, I too think Art is fed up with red tape and now just wants the SP to rise with his announcements.
He probably feels he owes the people who put their hands in their pockets to help him out.
agree Shaa
after having the rug pulled from under him with suspension AFTER we completed the RTO
acquisition, he will probably be fed up of playing with the compliance authorities for a
while
but as they say in business if a god father deal appears - if you don't strike while the iron is
hot - SOMEBODY ELSE will lol
:))
Would agree that there appears to be a substantial arsenal available for AM to use, the best part of $49M previously calculated which could then be brought in & which was only inclusive of Dec.1st till May.1st revenues.
Retain the $2M float required by insurance plus $8M operating costs (on top of the already allocated $9M working capital to SWP) and it is still c$40M floating around in future credit (IOU + warrants + loan offer).
Converting that future credit to immediate finance for an alleged ‘3rd project’, may then see AM approaching the banks again, perhaps quicker than previously thought..
& surely no one will bat an eyelid IF further dilution was also sought, say to buy out a partner, recently removed from the NYSE but wishing to keep a WI stake in Wyoming.
I think Art wouldn’t do another CR for the foreseeable as he would dilute himself, friends, family and corporate connections.
IMO - all bad news is now out and from now on short term, we will only have good SP moving news.
No reason short of sheer stupidity to raise again until the remainder of the
£13m and the excess available on the loan $20m have been utilised
by which time one would hope the ever increasing flows at Copl America are
servicing the primary loan and throwing of some free cash flow as the oil price
gets stronger and our daily margins increase
The only way he would not crucify his getting restored reputation after years in the
wilderness, IF he pulled another Atomic steal of a deal out of the hat
Sometimes as they say no pain - no gain LOL
:))
*2008
AM will be laughing at all the conspiracy theories.
Lol. Way tooo many costas.
Everyone concedes that AM had a twinkle in his eye,
yet he then raises, without prompting, a reference to 2018
And at which point, there is then a wee guilty look in the eye
As if he was contemplating going back in again...
Lol, but only just saying.. ‘might be going back in heavy’
which we know is not the case with the Atomic finances
As us shareholders have carried most of that.
Hi Tiburn, the delay plays well, with several fronts opening & a good build up of news being banked.
Was more captivated on AM addressing the ‘2008 banking event’ where he seemed to stumble slightly. We know he got severely bitten by it.. the RBS had the cheque for £1B ready to be handed over, against the development of the 7 licences thar AM had been awarded by uk.gov in the north sea, when Fanny Mae then opened the door.
We know he has covered Atomic covered, he successfully got the shareholders to pay for it & so I’m kinda half expecting Another deal to be dropped, which again puts him vulnerable to the bankers...
AM will know that all the respected analysts, inc.Goldman Sachs, are forecasting a high price for WTI this year, which imv suggests he may opt for that ‘3rd project’ & so again contemplate taking the bull by the horns where he once more exposes himself to the bankers.
Is the wee bit in the interview where he seems to acknowledge previous bank crisis but yet AOG is neatly covered & there are then further options briefly aired (inclusive of dividends) but for me, was hinting of another ‘riskier’ project. OPL226+ ?!
Interesting news bank build up coming in this period - many aspects are when AM decides to release for best advantage.
Prod revenue since Dec 1, gas flooding confirmed rate of BPD increase, WI discussions/status, activity by Majors adjacent to COPL lease area, drilling plans development, other assets in USA/Africa, Nigeria etc.
Multiple news flow dropped in sequence over a period after relist, just as each news impact dissipates, release the next one, then the rerate continues and grows.
I am convinced AM is on a mission to increase shareholder value - his last interview he mentions shareholder multiple times, emphasised he is a shareholder, even dividends potential.
Arthur Millholland, President and CEO, commented: "The acquisition of Atomic and its affiliate companies represents a game changing acquisition for COPL. We now have a strong balance sheet, secure cash flow and are now well placed to deliver increased production and enhanced revenues, profitability and shareholder value - underpinned by increases in the oil price and quality of our new assets. We look to the future with renewed confidence."