Member Info for dougb189

One cool customer putting on £1M at 0.35p to join the party.
Tomorrow will be fun.

Round of beers when he/she banks a cool mil at 0.7p ?
which could be as early as Monday night...

Yes and no... lol, but your 'end-stop date' was not quite correct..

The agreement still exists after that date, but some of the metrics change..

But, We ain't going down that road bud.

Interesting point shaa, with respect to Mr.Jamieson's senior years, but this was formulated during the pandemic, so presuming it will still be done on a hand-shake. Good point though.

The only other limited M&A experience is with Rock Rose's 5 acquisitions over the 4 years 2016 to 2020 and these were all signed on hand shakes.

A precedence was set for the closing of the contract in the initial contract, which was originally for 31st January but then got amended (one of the original clauses being 'unaudited balance sheets to be forwarded' which we now know has been changed to being 'audited balance sheets') and it had shown a time of 10am Mountain Time.

Suspect that the COPL team are currently flying across the States, prior to meeting at Atomic's office tomorrow morning, 10a.m. Mountain Time (5pm UK) & that we will then get notified Tuesday morning.

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Closing. The purchase and sale (the “Closing”) provided for in this Agreement
will take place at the offices of Seller at 10:00 a.m., mountain time, assuming satisfaction of all conditions in Article 7, on the later of (a) January 31, 2020

130 ?! Lol, some might swear that that figure is just another metric..
That ALL noise is good,
& that it then falls on the Pi to filter out that noise from the signal.
Or become just another joey.
ALL noise is good.

Lol. Think it will take more than a joint for joey to grow a pair.
Not the kind of guy you want to be in the Snake Pit with.

Lol, you do realise that today you are posting under the ‘joey2000’ and not your other monickers..
The ‘joey2000’ that sold out on 8th Jan ?!

& that’s not called research, that’s simply called FUD..
Fear, Uncertainty & Doubt.

Time you found yourself an investment fund.

Tq. KAF, some v.Interesting figures!

‘Plus late trades & Plus Canada’. so 3.6B trades might be fairly close ?
1.8B bought & 1.8B sold. And all done out-with Mondays Bookbuild.
Significant selling, which then works out at c.40% of the 4.5B original placings.

A remarkably similar figure to Hadron’s hedge.. selling 40% & holding 60%

Well held peeps.

3k bitcoins for a new European or London player ?

Island., not necessarily a new investor, but a VIP/ HNW or some grouping with access to an ii with enough clout to control the MM’s. Any ii buying & selling equities in the billions, will have the MM’s do their bidding.

An investor in at £1M, and keeping just below the notification threshold & perhaps suggests a VIP Pi looking to quietly trade on an emotional stock... “1p party/ 2p party/etc/etc”

Additional 5 big buys logged after hours... & guessing that having herded the Pi’s into a tight corner all week, some of the MM’s then jumped onboard & loaded up some payback for their sweaty endeavours. Which then suggests confidence.

CNOOC still trading at a steady $HK.9 all thru this week,
possibly suggests that there was no mass sell-off of all their US assets..

Lenders took a 30% share in Cuda, which had c.$65M debt.
& possibly suggests they would be grateful of a c.$30M cheque from COPL,
To get their other numerous assets, all operational again..

87%WI... ?

from the original 'contract' for the completion of the sale, posted on the bb by Lord CC (lol, sorry bud, couldn't resist!) then most will remember that the original signing-off date was then 30th January, but with clauses etc for the 90 day work-stop. This high-lighted 10am USA Mountain Time for final signing, which equates to 5pm here. Guessing that we could then be looking at 7am on Tuesday morning...

STOCK AND MEMBERSHIP INTEREST PURCHASE AGREEMENT

2.6 Closing. The purchase and sale (the “Closing”) provided for in this Agreement
will take place at the offices of Seller at 10:00 a.m., mountain time, assuming satisfaction of all conditions in Article 7, on the later of (a) January 31, 2020 if the Parties determine that they will not prepare and submit a CFIUS Notice to CFIUS, subject to extension pursuant to Section 2.5(b), (b) the date that is two Business Days following the termination of any applicable waiting period under the HSR Act, (c) within ten (10) Business Days following CFIUS Clearance, or (d) at such other place and time as the Parties may agree (the actual date of Closing being referred to herein as the “Closing Date”).

Lol, nice one.

The MM's shafting the Pi's again to let in the big boys. lol.

looks like placees opted for a hedge;
sold enough not to lose all, and kept enough to see what stunt AM will pull next..

Spider., the RNS that AM put out at the start of this week was rather sloppy.
It has since been seen that there is a good ii that has bought in & that there is an agreement in place to hold these shares up until March of 2022.

AM spooked the market raising the funds for the extra P1 & P2 developments to get access to the 7000bod that the simulators show.

what we are now seeing, is the other holders at 0.2p emulating Hadron's hedge.

Most peeps getting spooked by the message that Hadron are allegedly selling all their stock. I believe that's just nonsense. I do though suspect that other holders from the initial £9M fund raise, are hedging their bets. AM spooked the market when he called up a 3rd fund raise for the P1 & P2 upgrade in oil flows.
=============================
There may be another explanation:

Hadron paid £2,100,000 for 1.05B OS.
They've now just sold 413,200,000 shares at say 0.33p, generating £1,363,000.
Returning c.70% of their initial investment.

They still have access to 525,000,000 warrants at 0.26p, requiring... £1,365,000

If all goes wrong on Monday, then just need to unload remaining 636,800,000 >0.12p
& they then still retain their full deposit.

It just looks like a very good hedge.

Hadron have a 5% holding with a crypto mining stock, which they've held for c. 2 years.

That was a good write up earlier this morning Tiburn, re Cuda’s share of expenditures for the 2020 Q4 upkeep of injections.

I’d disagree though on your assessment of the recent fund raise being ad-hoc to entertain some mates.

Thinking is again as per yesterday’s post, in that AM is possibly looking at needing 2 months worth of funds to boost gas injections to chase that 5000 to 7000bopd this year & that the initial lag in flow output would then be up to full flow rate, (as per the lag seen in presentation grapth) c.June 1st. This then sees a small amount of the recent funds (the CPR suggests c.$3.5M/month for P1& P2 development, but your earlier analysis sounded lots nicer) then being used for those 1st two months, but still leaves a substantial pot, available from recent raise + from the original loans... There may indeed be further news to come.

Coincidence ?! lol, but I do believe in Hollywood!
Jack Ryan v the evil eastern empires who were looking at crashing the $.
or something very similar...
By way of comparison:
Last year & PRC off-loaded their oil reserves, assisting in the crash & the negative poo.
This year & the PRC's main crypto farms off-loaded significant BTC, attempting to crash that too.

The Fed have only de-listed their assets from the NYSE, with as yet, no legal requirements to sell any of those assets. I think legally that will be a storm. The Administration though is very concerned of the PRC influences on their markets. Could they crash the $ by crashing your own assets? And both Republicans & Democrats, currently believe so.

The Chinese military own many many assets. It is how the generals kept their individual battalions afloat, whilst the RMB was worthless. The factory opposite my then flat, was a black lingerie producer & the general was often seen popping in & checking his books. Lol, but that pressie you bought the missus at xmas, more than likely funded the PLA.

[apologies on transgressing, but a wee bit light relief needed!]

'... this third letter, then, which specifies the percentage that the awardee has on the field and requests for payment of signature bonus by a certain date..'

wondering if COPL would still wait on results of that 1st free drill, prior to paying the $6M for the additional 10%, or wether someone has 'jumped the gun' ? Hopefully there's a nice wee letter in the mail box.