Member Info for Daceon

Aye at least a few hangbags flying in here makes the time pass a little quicker!

Having said that LB28 you are factually incorrect.

AM has already partially completed this deal. We do own 15% of Atomic already.

That may seem insignificant to you - and yes it is a small holding - but we are a producing company with income and our current MCap reflects that I think.

There is literally nothing of the upcoming deal factored in so the risk is small and the rewards compelling.

Hopefully anyone popping in for a nosey will read the very interesting factual posts from the LTH's here who can't believe their luck!

They are definitely in discussions. The Chinese % is up for sale, it's just whether COPL want to pay the asked price. The other party is financially distressed. We have enough pre arranged credit to clinch a deal.

In terms of evidence - $1m deposit paid,$8m first payment made, credit terms agreed, ongoing confidence in interviews growing, date stated of the week of the 15th Feb for completion of finance and quality of the asset itself.

What more cant we want, save 10m free shares in this beaut?

Watch this video carefully. Look at the confidence in AM. This company is as good as his in his eyes.

This deal is happening.

3 weeks.

Here's to a good week everyone.

GLA

Well another exciting week!

Very positive signs that the deal is going to go through as terms were offered and a completion date given.

The price has stayed low as the placing shares churned and we doubled in market cap without making a penny...

but who cares?

The next few weeks will make hopefully put a smile on all our faces.

Be safe all

I would just like to wish all holders a very peaceful day and a good start to the weekend. Also to Art and team I hope that the threads you are pulling together to make this deal happen don't give you too much bother.

3 weeks and then it's a new world for us all.

I think there is a lot of truth in that statement. Once the deal is done no one will care what we think - the value of the company will be in the asset gained. Then, as the year goes on and the quarterlies look increasingly healthy the price will begin to rise further. Then OPL226 kicks in. We gain the rest of the % of Atomic. Even if this doesn't happen we will soon be a company with proper earnings and a valuable asset and $20m to develop other ideas that have no doubt been discussed. More income. More profit. Art is playing a blinder and we will all benefit once paperwork of various types gets signed.

At the moment it's a big game changing surprise - a bolt out of the blue. I don't think the market is quite convinced it's going to happen even though we nearly went nuts this morning that someone has actually agreed to lend us the money based on actual information and due diligence!

Wait till the price action kicks in after the first quarterly figures. That will be a proper rerate to put a smile on our faces! Until then we may have to just accept something paltry like simply doubling or tripling in value :-)

Sadly it's the nature of a public forum especially when good news is incoming. I know how to read and who to ignore. Simply look at their posting history and be wary of people who claim to be experts on this company and have only posted twice. Also have a good read of their previous comments - it often easy to see a pattern to their output. DYOR and GLA LTH

Thanks Charlie I'll send that through

If you do indeed read this BB...

Haha I guess we are conspiracy theorists Art. It's been a busy morning and I had tried to find your email address to send you through a response to today's news. Congratulations on getting this deal sorted. It can't have been easy. All the very best with closing the rest of the deal and I look forward to hearing more good news as you turn COPL into a force to be reckoned with.

:-)

Are you there? Have you passed out with excitement? Running through the streets in your pyjamas? :-)

With 20m at the lenders discretion to make further acquisitions, thus enabling deals being done on the remaining % of the fields without need for rushed placements

Morning :-)

Just rewatched the IG UK video. Arthur is very clear and confident about this being a done deal with due diligence done and a providing a solid base for future operations.

GLA

Our board has gone from gentle hopefulness to outright hostility and rioting. An even stronger buy and hold sign than a TR1!

it's certainly getting more interesting around here!

I can't pretend to understand what it going on with the trades - there are vastly more shares shifting about than there were a few weeks ago so really we are just waiting until the offloading stops and news comes. It sucks that there are people out there who weren't invested during the rocky months of Oct-Dec when we flirted with below .2 are flipping for a 25% profit in less than a month. But that's life!

Even so, on news, we will see handsome returns.

Shaa takes the time to keep us informed and I really appreciate it.

If only we were able to just switch off for 12 months. What price will this be then?

Yep I am all for being sensible and grounded about investing but the smell of BBQ is in the air. Serve up those big fat sirloin baggers for us Art. And break out the beers! We are ready to party. :-)

Good find Cawacaw. We shall see what this means. Good to see some big chunky investors in there. Single Irish investor in for 3.5m.

I'm with you Shaa. Surely AM has a plan for boosting the price pre completion. Finance sorted, talks with other parties etc. My nerves would prefer it if we heard some good news pre 31st