Member Info for caml

To be fair, I have been invested here for nearly 3 years and sick of Art saying there is a fundamental or considerable upside coming to investors. M’cap has remained level and number of shares increased and share price dropped. Arthur (not that you give a s**t) I would appreciate it if you and your assembled mates / family actually delivered. Of course, he doesn’t care because his salary is more he would get packing bags in Asda. As for FD - we looked at a finance proposal from our largest investor! FFS. I have to admit, lifestyle company, been conned and will take substantial hit. GLA

It’s not ZEN, it’s Zodiac.

Who is buying Coro’s Italian assets?

It makes no difference to AM or BoD as they don't care about the SP. They can find another wonga easily. They want to carry out their plan and the SP is irrelevant. Yes AM has shares but he has income from COPL and there were a lot of fees that we don't know where they end up? AIMO and GLA

Iron, actually the FD said that they would look at similar funding as last month, for the junior tranche, but with better conditions.
There will be more shares, more fees but hopefully more oil and maybe a little profit?
Ryan said that they had acquired CUDA at 2p / barrel which is cheap. We just need the barrels now please.
GLA

Yes, that was some wax blockage.

Shame Art didn't give out any production guidance but presume he has been burnt in the past - 5k by end of 22!
Are we making any money? No idea.
I'm not going to go into all the negatives because we have heard them for ages now, but sentiment will change if they have successful increases in production over the coming couple of weeks, and report them to us.
That would give us a boost IMO.

GLA

Shouston, not trying to save anyone. I've been here for nearly 3 years, seen and heard it all, especially over the past 18 months. The issue is, the BoD are going rainbow chasing and doing it on the back of our investments. A short term finance package to buy CUDA, following 2 x placings to buy CUDA which will be paid off via a RBL. This short term loan will cost $10m!! FFS indeed.
I want to know what our finances look like now, to end of July. Of course, we wont find out, but that's part of the problem. Now the CUDA acquisition is complete, there's no need Art can't come clean later and tell us how good or bad things are and how they are going to make things better.
Not too much to ask for is it?

Shouston, we need sustainable and substantial production increases. We need profit, especially now with CUDA. We need to see that the business is a going concern. What concerns me is that Art is great at telling us we are going to get a re-rate, we are going to have 5k bopd by Dec 22, we are profitable at $39 and he has been telling us about the steel tubing shortage all this year. He has been telling us that we have a rig (but we don't). We had to wait until September for the Sage Grouse, but we won't be drilling in Sept because we have no rig and no tubing.
Basically, he's a salesman and we need a CEO. As per Tilburn's excellent post earlier, we have a lot of potential and we all know this. I hope Art tells us where we are at so we can see what's needed. Warts n all.
Give us financial update. Give us operational update. Give us clear information please Art.

I wish Sharebel, I wish!

And once churned, we'll have another load of fees and giveaways to arrange the RBL. Last month's short term finance cost £10m!!

Bob, you were at the end of your tether last time. I'm starting to think you and the other boys may be a little more involved.

Let's hope this is the last time. If I see you all ramping away again, I'll be sure to sell.

Nicely put Sid - Should we be higher than 17p. Don’t know, don’t care…

I know but let's have a pinch of reality too! I think 60p in 12 months is likely and will include dilution as Art acknowledges.
I'd love to be proven wrong. What do you think in July 23?

Good question Wookie.
If we can get 300m recoverable and the wells flow (to be drilled "subsequently" now, not in Sept) then I think we should have a MCAP 5x where we are now. But that is not the share price. That's the MCAP. Share price will be diluted further IMO, but still looking for 60p by Q3 23.
Those are my thoughts, positives and negatives.

The Poundland Express needed the windows and seats cleaning.

They will be selling existing shares and then will convert so as to keep below 3% reporting threshold. Rinse and repeat.
GLA and AIMO

Hi Bob, what do you want the FCA to say? There are a load of shares available above 16.75p and they are getting sold. At some stage the selling will stop and then we will rise. Or we'll be near 90 days and ...
Sadly it is nothing to do with fundamentals or prospects, just simple profit. The fund manager had an idea, put it to our BoD and they went for it. Crazy but nothing we can do but wait...

Hopefully Art can tell us production numbers (and also the confidential details on the discovery)?

Hey, I'm a lth but you ask why it's not going ballistic and the answer there in black and white. If you don't want to know, don't ask! The market can read RNSes where as some smaller investors seemingly can't.
Delighted we have CUDA and we have to look forward. Increasing production is the next goal please Art.
GLA