Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://thecse.com/listings/canadian-overseas-petroleum-limited/sedar-filings/
Was it this, from the 2nd Jan RNA?
'Other terms of the Financing include:
Completion of the Financing is expected by January 15, 2024 and is intended to be used for working capital purposes.1,312,232,633 common shares (the "New Shares") are to be purchased at a price (the "Subscription Price") of GBP 0.0015 by Anavio Capital Partners LLP or an entity or entities associated by it (the "Purchaser").The Company will grant the Purchaser warrants equal to at least 100% of the number of New Shares, with each warrant entitling the holder to purchase a Common Share at the Subscription Price, expiring 26 August 2028.The conversion price of the Bonds will be amended to the Subscription Price per conversion share. The maturity date of the 2027 Bonds (as defined herein) will be extended to 26 January 2028, and the maturity date of the 2028 Bonds (as defined herein) will be extended to 26 January 2029.The commencement date for any exercise by the Company of its parity call option under each of the Bonds will be extended to 1 January 2025.The exercise price of the existing warrants will be amended to the Subscription Price, and the expiration date will be extended to 26 August 2028.The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than 31 March 2024.'
On 15th November the RNA said:
'"Since the third quarter in 2023, COPL was able to use working capital to increase NGL injection at the BFSU at double the rate compared to recent periods. This miscible flooded field requires injection of NGLs to enhance oil production and field recovery factors as capital restraints in earlier periods restricted the rates of NGL injection. A technical review of the oil response to increase NGL injection will be monitored closely this quarter, and it will form the basis for future production guidance and 2024 plans."'
Are we assuming that this was simply not true, a smokescreen?
RBM.....are we still on for a 'huge' week as you mentioned a few days ago?
Also any further news on : 'Same new source confirms that Anavio being forced into a corner. Clocks ticking, FCA scrutinising and they need a way out….' ?
RBMinvest's post again, already pages down:
You might be interested to know, a new source confirmed to us that it was indeed Tennyson that introduced Anavio and their convertible bonds into COPL.
Same new source confirms that Anavio being forced into a corner. Clocks ticking, FCA scrutinising and they need a way out….
We have confirmation that Our Tommy is under huge pressure, probably now surplus to requirements. We want him gone. Think he will be pushed soon.
New source confirms that balance of power has swung massively from Anavio (and chums) to Summit, the SL. ASC & FCA pressure is VERY real, little wriggle room left for Tommy’s buddies.
Then, the one that’ll be backed up by a full paper trail…..
Not enough gas, not enough time.
No profit, no cash.
Bingo. Naughty boys.
'Topman I'll wait for the 7's 8's MAX again. but you wont here me deramp thats low of the low. ill just wait'
You said you kept 1 million, so out at 9s and back in at 7s you might gain a couple of hundred less costs or you might miss the boat!