Member Info for barnyards

"Tiburn, as a well respected poster, could you give your thoughts on today's news"

well respected ?

LOL you obviously haven't looked at his track record Jiff

Anglo African (AAOG) was an absolute cracker

a 40p (cheap as chips no brainer) and BUST

RNS sounds like they have been forced into fast tracking some death spiral convertible bonds in the absence of being able to meet certain (dare I say it) 'regulatory' RBL criteria

EEK
13% annual interest payable on outstanding bonds then there's a settlement value of 119%

but wait... there's more....

The Conversion Price will be reset to 13.25p (US$0.1583 based on the aforementioned FX rate) if, among other things, an RBL is not secured five months from the Issue Date, or on the twelfth month anniversary of the issue date of the Convertible.

· Warrants expiring 30 months from the Issue Date shall be issued to the Bondholders, providing for the right to acquire an aggregate number of 54,792,590 COPL common shares. Each Warrant is exercisable at 16.75p.

so IF NO RBL secured within 5 months the conversion price drops to 13.25p and then there's all those warrants to fluch out cometh the hour...

I can't see Toppy's much lauded triple digits world cruise happening any time soon

maybe a day trip to Skegness is now on the cards

DC clearly chose the 28th for a reason

yeah and the clear and somewhat obvious (no post announcement cosy director patter required) reason being:

the 28th is the day AFTER the GM vote :-)

just think, had you asked the audience, instead of phoning a friend, we could have saved you the 45 minutes of your life that you'll now never get back

you're welcome x

StartArt was 'independently' valued at £5 - £5.5 million and I had offered £4 million to buy it from myself which I without further ado gratefully accepted but in response to quite a lot of angry feedback from shareholders on the valuation aspect I have now decided (out of the goodness of my heart) to call the sale (from myself) and acquisition (by you the shareholders) quits at err um £3 million

yours sincerely DC

£5 million, £4 million, £3 million ?

just because I can :-)

LOL no surprise to see the blog bromance hasn't lasted long

here's a quick memory refresh of the forum rules for our old timers and any potential newcomers

Rule 1. Stas20 (JAdam) is always right

Rule 2. in the (highly unlikely and improbable) event Stas20 (JAdam) is proven wrong then Rule 1 will apply

PS
I have always wondered if the rather sudden and unannounced passing of JAdam was as a result of him choking on a previously wagered hat but I guess in the absence of any forum obituaries one will never know.

anyway, I must dash as off out to spend some of my lovely big oily dividends

see y'all again in September for the drill

in the meantime play nice :-)

toodlepip x

but the thing is knigel, if you read the details within the 'terms of the acquisition' they haven't 'taken' shares as you say, they have inserted the 'option' to take the deferred amounts still payable in either shares OR CASH

ergo in a worst case scenario where the SP never gets to 6p or 8p within the timeframes set out then they wouldn't take the remaining payment in shares, they would take it in cash

its a no lose deal for the directors

I'm sorry but IMO the whole start art deal STINKS

DC has no interest in the value of his LVCG shares - he is clearly happy to take whatever gross profit is made and then bleed it to himself via one scheme or another

exactly Bennster

the penny finally drops

I have always wondered how directors can morally and ethically sell a company that they either own or related parties have a vested interest in to another company that they control using shareholders money at an inflated price and at the drop of a hat with absolutely no input or say so from said shareholders.

some have even (in the past) questioned the legality of transactions just like this but the sad thing is it happens all the time on AIM with very few of them ever delivering real value or shareholder returns

the COPL forum ?

all I can see is the endless toppy up opulence forum LOL

yet the thing is folks

IF toppy up is never selling (or at least not in public) where does all the endless toppy up money come from

a road trip into Scotland doesn't sound like something a self confessed millionaire would do (no disrespect to Scotland) but then again neither is spending all day every day posting endless ramps and promoting your 'trade' book on a faceless internet forum

toodlepip x

yes yes yes BUT

surely there comes a time when a company needs to do something else with all their free cash rather than continually pay it out in dividends OR are the directors devoid of idea's of how to diversify / spread the (current eggs all in one basket) risk into other geographical / producing area's of the world

OR

are they just sitting back waiting for the big take over that has been promised daily (by some) for the past 9 odd years

its bizarre to say the least that they have not spent some of that surplus money purchasing other producing assets and therefore increasing their daily production and furthering their profits in the current oil and gas pricing climate

yes its great for shareholders (getting all these ever increasing dividend payments) but the reality is they are not actually sustainably growing the company

they are basically flatling (paying it all out in dividends) and 100% reliant on increased pricing rather than increased volumes for increased future profits

I'll say it again, after the year they have had (aided and abetted by world events and pricing) its bizarre

surely the exact amount payable (IE pence per share) will ultimately depend on the $ / £ exchange rate at the time

but as they say

WTFDIK :-)

"do you know what dividend payment,s are to be payed in july"

ever thought of READING company RNS's...?

said information you seek is all there

or better still

transfer me all your money and I'll look after it for you

mind the gap :-)

cheers stokey, as they say we can but try (asking again) but given their avoidance to provide anything of substance it sounds as though they haven't really got a forward plan or maybe they just don't know what they are doing.

agreed

no 2021 Q4 report to measure against (2021 full year was 1,649 boepd) but the 2021 Q3 (1,810 boepd) v 2022 Q1 (1,115 boepd) continued production decline is abysmal (especially in Romania where it is now 610 v 1,495 for same period quarter last year) and (IMHO) were it not for the massive hike in gas prices during 2022 Q1 I dare say they would probably be looking at a NET LOSS on the Quarter.

I think shareholders need some SPECIFICS and DATES on the call on exactly what the FORWARD PLAN is to arrest these continued production declines as these high commodity prices won't be around forever.

'baseless speculation'

on an AIM penny share blog ?

NEVER !!!

"way way down the road there will be opportunity to drill Argos acreage, maybe a partner will come on board for Argos once SL is given the go ahead and Navitas/RKH can share some mob costs letting the rig go off and drill for Argos"

the only problem with that is when (assuming that it does) the 'development drilling and completion' phase of SL commences, I would doubt very much there being a suitable window of opportunity (30+ days for just 1 well) during the first 2 years of SL activity for any rig to sail off to Argos to drill a wildcat exploration well despite the possibility of shared mob costs

UNLESS of course the 'partner' happened to be 'one and the same' (ie NAV/RKH) and even IF it were one and the same it would be an extremely low hanging fruit priority for them (target is production in current high oil price environment not exploration) and therefore quite simply light years away.

Argos is and has been a basket case investment and will continue to be for the foreseeable and the best outcome (hope) for them IMHO will be a similar fully carried royalty only deal like they previously had with Noble

IF they didn't have their fishing business to keep the directors going, the lights on the ilex jiggers would have gone out long ago

so despite what that Essex fruitcake says the best is NOT yet to come

Sharon said trigger was the last known horse being led to water

Argos Resources Ltd
User: Garbled
Price: 14.5p
Rec: STRONG BUY
Date: 22nd May 2014
Subject: good morning all
have added another 260k shares… no more buying cause no more dosh left...
hold just sub 2.4m shares with an average of 18.4p
hoping to sell at £+ in 2015

cheers, Essex

CLASSIC

only fools and horses :-)

yeah let's all saviour this latest Garbled moment and keep dreaming

Argos Resources Ltd
User: Garbled
Price: 14.5p
Rec: STRONG BUY
Date: 22nd May 2014
Subject: good morning all
have added another 260k shares… no more buying cause no more dosh left...
hold just sub 2.4m shares with an average of 18.4p
hoping to sell at £+ in 2015

cheers, Essex

PS
can someone wake me up IF the mighty Argos ever actually get around to drilling a well :-)

gungi,

IF you sell today you will 100% receive dividend as trades typically take 2 days to settle, therefore you would be on record by close of play tomorrow as any sale today would not drop off the register until Monday.

FYI, its best to ignore what the forever buying and topping up (never selling in public) pied piper opulentia says

she's been AT IT (always buying or topping up) since 2009 across all 3 discussion forums (LSE, ADVFN and the now defunct iii)

so much so that I'm truly amazed that we've never had a TR1 from her, but then again not everything on the internet is as some would like you to believe

GL whatever you decide to do but I'd be very careful who you listen too

if ever in any doubt, take some time out to research it (ex dividend vs record dates) for yourself

preferably next time and before the event :-)

"Time to switch off"

pretty certain I speak for the hundreds if not thousands of Falklands Oil and Gas investors when I say

I (WE) SINCERELY WISH YOU WOULD

TTFN x

"To say they punch above their weight is a huge understatement"

they certainly do...

in the use of social media...

progress eh ?

how long have you been waiting for that ALL IMPORTANT flow test now...

it is (the flow test) somewhat critical to the future direction of the company and its SP... wouldn't you agree...

OR...

would you say... that's a 'moronic' statement too...

Michael Caine... yeah its a great story... but then again...

operationally... that's all it is...

A (Martin Luther King) STORY...

but as the 'great one' himself once said... and I quote...

'EGO's are a hard taskmaster'

CLAP CLAP

you gotta laugh

it took less than 5 mins for Lonny to retweet that and like it

imagine paying your COO a significant 6 figure sum to read LSE and play about on twitter all day :-)

so much for that 'very busy' behind the scenes mantra

a test

a test

a kingdom for a test