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Anything is possible Eddy, throw Essar into the mix and new discovery and those figures look conservative.
Just need to get over the immediate minor turbulence.
I think we all know that this stock has potential to rise long-term.
8am tomorrow predictions?
I'm leaning towards the pessimistic or heavily pessimistic if news is consolidation and no other news.
But if good news it could also rocket, because I get the sense from the recent short-lived rise that a rerate is very much waiting to happen (but can of course be derailed).
Fag packet calcs using some of your figures LB assuming 100:1 consolidation to 160 million shares, 36 million profit per year (arguably conservative in long term) and a PE of 10;
PE = SP/EPS(earnings per share)
EPS = profit/number of shares
= 36/160
= 0.225
SP = 10 x 0.225
= £2.25
Either way, you’re either in or out it’s that simple. We have the choice and frankly it’s a privileged choice to have these days - money to invest. Chill everyone.
I for one, is gonna put trust in Art
Nothing ventured and that,
I know running before we can walk springs to mind but fortune favour the brave
See you guys on the other side
I think about it this way, we paid $54M for Atomic which included all of the surface equipment ($50M in assets) and Pipeco.
There is no way to buy CUDA’s share and get even 1/10th the value out of it.
In a RNS
Does this scream placing
"With the oil price and our assets performing well ahead of expectation, the Company is in a very good position for the short, medium and long term. We continue to review other value enhancing potential acquisitions in Wyoming as we look to build a material exploration and production company."
I am looking for a surprise
Nigeria, Cuda, the last drill
HFB, taken from a friend over the pond thoughts?
I think the problem for me is that regardless of how good the assets are, that may not matter.
If Art continues to take out more mortgages against those assets (we already have one mortgage on the assets). Then we will see the value of those assets disappear into debt and dilution.
If he dilutes 50% to buy CUDA, then he massively overpaid for CUDA and destroyed the value of the atomic deal. I would be out completely at that point.
This has always been my fear with Art. No matter how good the Atomic deal is, it’s far far easier to waste that great deal than it is to find another one half as good.
to Arty's dream of a Main Market company with an MC of Billion/s
cut off from end of original
oops serious typo in their a 10 fold to £3 lol
:))
Unless AJ Bell wrote the notification themselves it bears no resemblance to the vote
which was a facility to conduct an UP TO 100-1 Consolidation at some point in the
future
The AJB Clearly states you will be credited with 100-1 wef 1 October far from the
above , so seems certain AJB fcuked up with an release before confirmation by
BOD with RNA message via rns news wire
The type of REAL II INVESTOR we are now hoping to attract do not care about SP
what a lot of them have in their own investment criteria is MARKET CAP based
for many stable share with a MC over £50M
To attract such a player that may be interested in a DIRECT equity placing they
also like to see a more attractive non confetti base and like their dividends in
pence and not fractions
So the Consolidation from 15.6 Billion at 0.32 to 156m and 32p would have COPL
in their sights for all of the above criteria now sitting at a £50m MC
It could be Arty has done some fine business and attracted such and investor yes
it will be dilution at some point ALL RAISES are, its what comes on the back of it
if we dilute from 156m to say 188m with a £10m direct equity investment at 32p
31,250,00 to a long term financial partner , would be seen as a great move by
Mr Market if the NAME involved known to be a holder not a DUMPER
If by Christmas , Atomic still exceeding expectations , Nigeria back in the game
CUDA and CNOOC holdings acquired and we have with support of a much stickier
core"" Investor"" still holds 10-15% of COPL having de-risked on the way to our new
doubled base of 313m with a 10 fold increase in SP of £2
Diluted yes but still very accretive to current holders, the II happy to fund and de-risk
at higher and higher prices on the journey when required not dump dump dump as
the wonga LENDERS we are now hoping to leave behind and stifle SP with constant
low price confetti share dumping for quick safe profits
One supports and assists in all ground growth looking to gain both from organic growth
and dividends , it is in their interest to let the SP rise WITH the Market value of a company
The other does not give a rats arse , if the company goes up down or sideways , only have
eyes on their own prize ZERO risk profits on discounted placing shares and if the company
rises to execute the sweetener of a 2nd bite at ZERO risk profits from the secondary placing
which is what Warrants generally are to the main placing
Give the company potential future funding and the wonga more profits with in most cases
ZERO obligation to actually excise, so if it goes up , yay excise more safte profits, if it does
not , they just let them expire , either way ZERO risk to the wonga
With a £50m MC and a hopefully rising from 32p base , we have more chance of progressing
with higher quality funding options , than staying down here issuing confetti time and again
Fingers crossed what comes on the back of consolidation is another step up the ladder
to