Member Info for caml

54 million warrants at 16.75p for a start

Shaa, what's your view on the 54m warrants? Obviously the fund manager will not want to go through 3% threshold so I presume there's going to be a churn effect?

And for a while we were actually all discussing our investment!
Most of us on here know the story and can see the potential. However the sentiment is terrible. Not because of real investors questioning management, but because management have repeatedly let investors down.
The rainbow boys on the Poundland Express don't like it because they all thought they'd be able to double their holding by now, so they get abusive. And the holidays have only just begun.

He said mid-May!

Some really good debate on here today. It's as if we actually have shareholders discussing things! lol

I know the investment case, I just hope AM starts talking clearly and regularly, telling us what is happening with our company. For example, he slipped in that we'd had an expensive blow out. Surely that should have a little more detail? Where are the commercially sensitive discovery well figures? No commercial sensitivity needed anymore.

Come on BoD, give us a clear and concise update please and let us make judgements.

I hope you’re right Tilburn, but AM made a point of saying no equity placing for 90 days, so it’s clearly in his plans.
Been here for 2 years, the next few weeks will determine whether I hang around. I want to see regular news, updated financials and rig contract.

I agree Tilburn, the business could easily be producing 5x the oil in 12 months. Will the SP be 5x higher? That depends on how many shares he needs to place.

It seems the riders of the Poundland Express can't find any negatives which is quite worrying. How can the SP be where it is?
Here's another positive ... AM said the Atomic acquisition would be transformative at $39 pbo and it's now 2 1/2 times that. We must be raking it in. Joking aside, if we can flare (not an environmental constraint but financial) then we may get production up in Q4. If we can get 3 wells online by end of Q1 and they all flow ~1000bopd then we may be in a position to make a profit.

Great idea Elcap. There are many positives and negatives about our company. I'll start by saying that we have oil, we know it is there, we know it flows and we know there is plenty there.

I thought that too, but Friday’s interview said not.

Not a lot without a rig or casing steel. It's not like it's a surprise! Hopefully AM has the cash now to pay the deposit on the rig, buy the tubing and reduce the losses.
You can call it moaning / negativity if you like, but it's also real. I would love to join you all on the Poundland Express, but I'm more of a details guy.

I am aware of the shortage but he said that even before the war started. As Tilburn said, he has kept a lot back from us investors where the alternative was full disclosure that we were basically going bust.
Everyone is saying we are going to start drilling in the next couple of months, but we don't have a rig. Some say we have been keeping production low so as to fool CUDA. Really, we are losing $60m a year!! If he could have got production up then I'm sure that would have been preferred!
We need the Resource report asap (this will have little commitment from RS) and then we need to sell some % to fund the program. I can't see how we can get RBL when we can't sort our production issues out. We have a day in court in Sept when we can hopefully get the green light on flaring.
IMO

Firstly, no point moaning as there is nothing we can do about this latest sh*tshow. If you are still holding (sadly I am), we have try to find positives.
As Tilburn said himself, it is looking like we have burnt through $21m since Dec raise. Sure, we have some unhedged oil to sell now but not enough to generate FCF. So, we need the finance to keep the lights on and to try and sort Art's plumbing out. This has needed sorting for months now and we still don't have the steel pipes that he mentioned in Q1. I can only assume we couldn't afford them.
A couple of other concerning items in the interview. Firstly, we are meant to feel positive that there will be no equity raise for 90 days. The big boys will be positioning themselves carefully to keep mcap as low as possible. Secondly, we have not signed rig contract, so highly unlikely we'll be spudding until after the 90 days. Coincidence? I'd have said yes 24 months ago but not anymore. I'm afraid I have zero trust in the BoD. I mean, who the hell thinks a fund manager is ever going to offer a beneficial finance package! lol
GLA and AIMO

Increased NAV by 47% but that means nothing to shareholders Opulentia. Shareholders deserve the long-promised (positive) re-rate. Atomic was going to be transformational and SP is less than half. We opened at a 'disappointing' 60p, with many predicting £1.20+. And look at us now? Why?
Dilution, poor production, poor finance deals, abysmal comms. The Atomic deal was going to be transformational at $39 and yet we are here in the 90s and still can't make it work.
I'm a lth and am furious that I let myself believe the BOD's story.

I get that Shouston, but didn't he raise twice for CUDA? Why third time lucky?

That'll be next, a few placings for CNOOC. A few 'finders fees' too no doubt.

what happened to the 2 x placings? what does the **** say about that?

Sorry Shouston, the placings were to get us CUDA.

Indeed, he cant even manage that well! lol

AM is proving just how good he is at re-rates. Someone should tell him the SP is meant to go up to deliver shareholder value.
Fell off my stool.