The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Angus. If anyone on here knew the true answer so that question then they would be liable to insider dealing.
Just think about it before posting.
Drizzy you are one sad loser of an individual.
First rule of trading is to have the courtesy of keeping information on the bb you are trading on, not going cross ramping.
Good or bad info, just quit it, as you only make a fool of yourself.
I suspect Stas - fair point!
Interesting scenario indeed. I thought like you that Cowan was Art's ally and latterly stooge, however I suspect now and against the grain that that is not the case at all. I am sure the investigations will bring out more on him going forward.
That however, does not rule out your scenario either about Art's ultimate final motive.
I managed to increase my position to a decent amount yesterday and have placed a good buy order today too. EEE is still important in my pf for 24
WOS. It is down almost 30% on one month ago, so either yes it is oversold or no the market does not trust Budd or the fundamentals in play here.
This has been going on for years and still MATD is not in position to point at real production. Just hopes
There is no reason not to inject the gas as if you look at individual well data, the GGS is working. One of the wells went from a massive amount of flaring to less than 5% once the GGS kicked in.
The facts are all clear and there to be seen. The GGS is fit for purpose, it works and Copl are sitting on massive Oil reserves.
Just need to buy the injectant and put it in each month until it reaches the optimal level. Then this company is massively profitable and can not only pay its debts but would have the profit to start to reduce them or meet any bond interest payments. Richardson, Cowan and Gaffney chose not to do that.
We know that at some point he went from an ally of Art into being part of the Anavio / Tennyson cabal with Richardson and the hapless Gaffney.
I am not clear yet what was specifically the turning point but it certainly happened and he only came to the company forefront shortly after the deal was announced that the directors would be rewarded in bonds aligned to Anavio.
Once he and Richardson had successfully removed Art off the decision making group, the speed of decline and speed of bond issuing accelerated exponentially. Richardson and Anavio are central to all the enquiries yet Cowan is becoming more and more of interest too.
Just look at these months:
12-2021 35928 0 2150 31
01-2022 38898 300 2075 31
02-2022 23754 575 2600 28
03-2022 33246 625 2575 31
04-2022 29390 610 2575 30
The barrels per day averaging over 2500 barrels of oil per day and the levels of injectants needed. The new GGS would have kept recycling that so it just needed this level to go back in and all those diluted shares for Anavio were created to do just that.
Now take a look at Q3 and the levels of injectant. It just never happened. Cowan acting like a sleazy politician stating that he doubled injectant in that period but he was making a sleight of hand comment. The levels injected went up from almost zero in the summer so he was right - the scammer knew it did not go to the levels of 22 which it was where it should of been if they’d have bought and injected what they say they would.
This would be a 2.5k barrels per day profitable company by now
Both strong posts.
Winnifrith can post whatever he wants to try to hide his involvement in this scam yet not once has TW or Gary asked this simple question about the Gas? Why is that?
Why did Cowan and Richardson not inject the gas? The numbers do not lie, you can see the GGS is working due to the massive reduction in flaring and you can also see that injecting has not happened. They have run the company into a forced bankruptcy position to allow Anavio to take over.
Where is that money? Where did you send it to? Why won’t you answer simple questions from Shareholders about this?
Why did it take a lawyer letter, to make responses finally come from Richardson to the SAG?
Andi, is it not really tiring setting up new accounts, pretending you are someone new and then eventually when everyone is laughing at you, repeating this all over again?
It must be tiresome as heck doing that particularly as you’re a bit challenged intellectually and can’t keep your story going for long.
Remember the RNS Tom?
Remember the $1m of injectant you were buying in return for those billions of shares gifted to Anavio? Remember that it would have put the company in a profit making position and that you then did a U turn and have Anavio a lower strike price and even more shares?
Would you care to RNS why you didn’t buy it and inject it? You were pretty fast getting a pointless speeding ticket out so we know you can do it?
Or is your impending exit stopping you writing such things? Maybe delegate it to Jon Cowan as he was part of the deal you both struck.
Well done Fish
Looks like Fish has a new username.
Fish, Cathy was doing the job she was told to do.
Do you remember Coasters Ice creams down by City Park in Denver? I loved that place -their pancakes were crazy good too!!
Well more days go by and more interesting facts drop into the hands of the lawyers and authorities.
Evening TW, would you like to write a little article now on your paywall website explaining your links to all this?
Oil price almost a pointless discussion right now as with the hedge returning and Richardson and Cowan not bothering to boost the EOR with NGL then production is too low to take advantage
If they had of bought the injectant as they stated in the RNS then it would be over 2000 bopd and making great profit.
Well since it a little ‘heavy’ for our Tommy Boy, our resident trolls have slipped away not to be heard from. Looks the pay for drivel fund is empty.
I did see one a little bit further down the board who has started a new name to suggest that the legal challenge doesn’t exist (why don’t you ask Tommy boy on that one newbie). Seems the new one is one of the baby trolls as the big gruff ones are long gone (contract ended).
I see today regular 10m sales going through. That normally means our friends are clearing off bonds or interest bonds.
So whilst Cowan, Richardson and their cronies are still here it’s not investible as a share.
It’s why the investigation will continue until these scammers are arrested and due process delivered.