Member Info for Daceon

It's why I think the tone of the RNA is a positive - lets get that infrastructure in and production up as a first priority.

Good to read all of the comments. It will be great if the report does make a big difference.

I agree that the find will make this an even better possible investment.

I just think that it will take the company to start producing around the 5k mark for it to be taken seriously.

There really are only so many times you can say beyond expectations without being expected to exceed expectations - which to me has been the 5k figure for the last 12 months or so.

I haven't posted much recently as the board has just become swamped with traders.

Those of us who have been here a while as LTH are probably not surprised that the narrative has moves from big returns August to big returns and new drilling 2023.

In some ways being patient with the growth is a good thing and will protect our investment. It simply pushes the timeframe out.

Much better to keep good accounts, secure better terms and sort out the current production than blow every penny on wells that might bring the same issues we have now.

Ideally getting to 5-7k production by q3-4 is the aim with the new drills being funded from our improved finance.

This really is one of those shares where it would be best to switch off for 12 months. Hopefully we won't get any nasty surprises in the meantime but I get the impression that we have turned the corner from gung ho to steady as she goes.

I don't really expect the RS report to make a huge difference here. It's better finance and production that will see this turn.

Very helpful posting that.

The markets are extremely turbulent at the moment especially for micro caps. This deal being done is a great step forward for the fundamentals of the company but the markets arent forward looking at all at the minute.

Lets see what the discovery does.

New director possibly appointed on behalf of investor as part of financing. This is all coming together. Expecting CuDA signed off and August campaign financed within the month.

Then we can say goodbye to these trading doldrums.

Sounds like you should do well Stas20.

Let's wait and see how this all pans out.

The only people who could think TW did us a favour here are those who have been buying in below 25p

Nobody here is stupid.

We all know that getting CUDA transforms things here and at less than $30m it's a steal.

The only thing that is different is how we want to be play it.

All TW did was lose current holders money and make cheap entry for him and his colleagues

And I would just like to congratulate Art on getting CUDA. Why wasn't is only $7m like many thought? other companies thought it was worth up to 30m just on potential. Imagine if Art hadn't tied things up in such a legal mess? Maybe it would have been 60m to someone.

We are in the bear pit here. But the prize is golden.

I understand that these placements hurt but really we are getting into the nitty gritty of investing here. All of these posters who were 100% no placing or 100% placing or whatever all have an agenda. They all want to make money. They do that by taking other people's money - people who sell at a loss or buy at a premium.

I don't recall art recently saying no placings. Yes he did in the past. Plans change and Art has an agenda too. He will do anything to make this company a success.

To cry foul here is to not understand the nature of what you are investing in.

Art will do more placements. Traders will trade. long term holders will hold.

Anyone who sells today is being played. Anyone who sold last week what a great trade.

GLALTH

If we hadn't seen 18% daily drops before I would be very concerned lol this share has made a hardened investor out of me. The truth is that Art has had to fight for every penny here and I believe that he has done very well to get this Cuda deal. I thought it would be 30m ish. I believed another placement was coming.

I also think this doubles our value as an ongoing concern for 50% of the cost of Atomic.

I could care less what the MMS tell me they are willing to pay today. Holding tight and long.

Yeah Bolton gaining CUDA makes a huge difference. Getting rid of that uncertainty is a game changer I think and unhedged production is a blessing.

I'm guessing bookbuild at 18p and Cuda costing $27m. The whole lot being properly refinanced by June and a mammoth drill campaign in August.

As Art says the unhedged oil doubles our cashflow and removes a great deal of uncertainty. More debt and placings but clear that more reasonable debt facilities will be in place by end of year.

Not worried about the placing price at all. Had to be done and here for the long term.

Yep Shaa CUDA being sorted will release Art from the NDA and leave this uncertainty behind us.

Why would anyone doubt that there will be another placement? There will always be another placement until we turn to profitability.

Purchasing CUDA does that Proving up and entering a JV will transform our share value.

I was most concerned by the default but I believe that it was all done to get CUDA and as a result of their non payment.

Tom is certainly not helping holders at all here. How does driving the price down do that? A placing will hurt us even more because of this. He can't stop the placing if one is coming. He is literally achieving nothing if his aim is to protect our interests.

That only leaves the option that he is protecting his own.

Thanks for the updates Shaa

All we can hope is that Art is about to release news that will see us blast past the relist price to 50p+ Our mcap is really very low so Cuda with a production update stating problems have been resolved and company producing profitably would see us to £1 I think. Until then it's a traders paradise. All we can be sure of is that Art will try his best to catch them out.

I would actually prefer if someone with a few spare quid took CUDA. It's the Capex requirements that are causing this situation.

I don't see how that is possible (not bidding) unless there had been preliminary talks with a major as has been suggested.