Member Info for Bridgedogg1

New due on CEO appointment and financing update should see this fly.

A slightly larger buy to finish on. Seems a little more than the £400 punt money we have seen going in regularly.

The question now is - are Morrison’s still supplying the daily stores, might be an indication of what they are planning. If they are going to allow it to go into administration then they don’t want a load of unpaid bills, if they want to support the continuing business then is business as usual. My local seems to be fairly well stocked.

Clearly HL have been brought in to value Mccolls for takeover. Mccolls have already demonstrated that they are viable. I reckon £40m buyout, and a load of stores will be closed.

Doesn’t the new agreement just need ratification by the Nigerian courts? Held up Covid and now lost in limbo. Prob needs a brief envelope to get it moving again. Sad how things work (or don’t) in Africa. It does seem that Nigeria are making moves to get things sorted so I haven’t quite written it off just yet. SC seem busy at the moment.

This really moved on Friday on very little volume. A bit of positive news and I can see a few 100% days easily.

There’s a good chance we get some sort of update Monday but if we don’t I’m going to keep an eye on the buying. Any group thinking of a buyout will be loading up on shares on the cheap. There hasn’t been any large buying so it will be pretty obvious. Can really go down from here, other than into administration.

If we can get funding to convert 450 stores to Morrison’s daily then this could be a strong and profitable business moving forward. Wasn’t really going anywhere before, supply chain issues for years and no hope of servicing the debt. This new store format has already been shown to be a success with the required much higher margins just a shame we couldn’t pull it off before the remaining £15m got swallowed up then we would have been in a much stronger position. Now we are a sitting duck for a takeover. Morrison’s will be thinking whether it is worth allowing us to go into administration and pick up what they can rather than taking us in with our debt but that presents its own problems. I’d say we have even chance of takeover / debt restructuring to allow conversions / administration. 2 out of 3 are good outcomes for me. 10p or bust…

Morrison’s have brought in Houlihan-Lokey which can only mean full or partial buyout or financal restructuring with asset collateral.

So the nearby drills only have a read across to this drill when they are a success, otherwise its not relevant? Cant have it both ways. Today's RNS very carefully excluded the fact that it was a duster.

Just a nobody spreading rumours about big news. I’m sure big news is coming but he sure as hel doesn’t know what.

Seems like a good chance of a positive outcome to me.

· Increased target of Morrisons Daily conversions from 350 to 450 stores by the end of FY22, with significant potential to further increase stores being explored across all store sizes

· Proven capability of 12 conversions per week, materially ahead of original forecasts

· H2 conversions delivering 24.8% 2-year LFL sales growth despite availability issues and 2-year cash payback, with significant upside opportunity

I think a bank would get behind that.

The fact the Morrison’s can’t snap us up on the cheap might be a good thing - they can just lend us the money.

It’s got a number of options. Slight issue with Morrison’s is the takeover competition issue, otherwise they would have snapped us up. I think store closures and some kind of asset sale is likely.

“ It is a condition of these facilities and the Term Loan that GPB acts as an off-taker of 100% of the Group's gold production.”

So can’t sell it to anyone else abc can’t pay the debt owed.

This has £1b turnover. There’s got to be done way so get rid of less profitable stores, streamline, get some cash, bring it back on line with 400+ conversions by year end, could still be a nice business???

So the neighbouring drill didn’t hit oil?

Boom time

While I know that getting Cuda would be best for the business part of me will be relieved if soemone else buys it. We will get to hold on to the the cash that has been raised and have a partner to share costs. Focus switches to drilling the discovery while we ramp up production as Shannon. If its a big fish they will realise the potential we have in the deeps and come after us IMO

The best news we could get is sale of turkey royalty but that will come after EIA so we will know in advance. We need to stave of another round of fund raising at these levels. May be a bit more pain before this starts to rise, 2023 is the year for ORR imo so just going to add where I can for now.

Let’s not forget that it was Arts filing for lien over the production due to unpaid operations expenses that forced Cuda into receivership in the first place, it was a breach of the terms of the bridging loan they had in place. Seems like this has all played out rather well for COPL in the longer term.

34Q-the contact details are in the public domain, rather than sitting tight why don’t you send you own email.

The use of ‘might’ and ‘could’ is just me speculating, but when I say I received a communication from someone you can be sure that’s true. If I was making it up I would have said it was COPL, or it will be announced shortly. The update is just confirmation that the sale process is proceeding as per the set out time scales.

The signing of the LOI could be the reason for the increased volume of late. The question is; if it wasn’t us signing the LOI would the NDA prevent Art from telling us his adjusted forward plans?? I don’t think so.

Silence might be the loudest indication that we got it.