The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We know that the company is required by statute to release material news in a timely way. The alleged spread bettors and naked short cabal know this too, and plan for it.
Seems to me that the main chess move to be made would be to surprise everyone and his dog with *early* news. The one thing manipulators (including ones on here) would never see coming.
Why not run Atomic / SWP / PipeCo accounting groups at redline so as to pump out Q3 *now* -- in time to coincide with the Fed Deep results?
Offer every accountant a $5,000 bonus if they can put out Q3 in October, plus an extra thousand for every day remaining in October when Q3 is published.
This releases Q3 one month *early*, showing positive PE. The next day, announce that Fed Deep is flowing light sweet crude in a material way. And will be booked as reserves.
Thump thump thump goes the ma deuce: Downrange, alleged naked shorts and spread bettors and forums manipulators are standing around with their ****s in their hands...feeling pretty good about themselves for getting rich off of volatility, and apparently having nothing to fear from a sudden and dramatic SP rise.
Get turned into pink mist.
Just an idea.
I just like them because it's the only time when we know what the financial performance is or isn't.
Looking for positive PE
No point in producing all this oil if we're losing money on every barrel.
Which we won't be shortly.
Plant and facility buildouts are CAPEX for Pipeco and Southwest -- they would not directly change Atomic's operating netbacks.
Simple fact is that the netbacks aren't quite what they were hoping for. (But are still very good.)
Netbacks are also not profit and should not be called that.
Hopefully we are at least breaking even by now.
But we don't know this yet, having only seen Q2 financials. Q3 should arrive in around 6 weeks, if not delayed.
My personal prediction is that the cost of the Fed Deep discovery well will have kept us in red ink in Q3, but that Q4 will be a barn burner.
Interesting strategy to drive the share price down yet again.
I've said it before and I'll say it again:
We are just BEGGING for a hostile takeover. We absolutely have our asses in the breeze right now.
Low debt
cash flow positive
share price a small fraction of NAV
awesome producing asset with massive expansion potential
turnkey entry into Wyoming -- vertically integrated, self-sustaining business
due diligence done by a Big 5 firm; no skeletons or live grenades
underpriced by any metric
Majors have got to be licking their chops when they look at our MCAP.
Someone buying our entire float right now would acquire Atomic for not much more than we agreed to pay for it in December of 2020, when oil was HALF and production was HALF.
Tick tock
I hate it more than anyone else here.
I have put a lot in, over half a decade.
I probably have more time and more money invested in this than most posters.
That means I am more of a long than most of you.
No revelry on my part. More like a familiar feeling of stomach sickness.
On the contrary: The information *absent* from the RNS says more than what is present.
The extremely conspicuous withholding of the reason for the consolidation says to me that it would not likely be well-received by markets.
I'll give you three guesses, and the first two don't count.
Anyone posting "no placing" 20 minutes after step 1 of the process of doing a placing (Step 1 = consolidate, Step 2 = dilute) is a ramper of the highest order.
The lack of denial from COPL is all you need to know.
If it wasn't true, investor comms would be in high gear walking it back.
Consolidation is for the purpose of selling shares: Per YOUR BOD May 25 2021.
No nefarious actors seeding FUD. It is in the Management Information Circular released by COPLS, given as THEIR REASON for consolidating.
There are no guarantees in life, but if there is another placing following this consolidation you cannot act surprised.
What is another way of marketing shares in order to fund operations, other than placing?
I have no idea why they would want to do it; again it was the BOD who stated in black and white that this was the purpose of consolidation.
I am the messenger, literally quoting corporate comms.
@John1970 try again pal.
It's your hallowed BOD talking placings, not me.
They explicitly stated that "marketability of the common shares" was the purpose of the consolidation.
Management Information Circular
May 25, 2021
Page 13
"Basis of Consolidation
The Board is of the opinion that, in the future, it may be in the best interests of the Corporation
to effect the 2016 Consolidation and the Second Consolidation, and such consolidations may
enhance the marketability of the Common Shares and could facilitate additional financings to
fund operations in the future. "