Member Info for Invest4theLT

The new shares from Friday - 6.5% of the shares in issue. No aggressive JBER action as yet. Will we see a TR1 this time?

BTG - another example of Anavio being involved in a takeover for Bidco:

https://m.marketscreener.com/quote/stock/BTG-9583552/news/BTG-Update-on-Irrevocable-Undertaking-27729005/

Just read back in the 22/07/22 finance rns:

‘Arthur Millholland, President & CEO, commented:
"We are pleased to have the support of our largest shareholder who approached COPL with an objective of improving COPL's capital structure on closing of the Cuda Acquisition and, the Convertible provides COPL with the cash required to close the Cuda Acquisition.’

Pretty-sure when I read the subsequent Anavio disclosure they said they didn’t hold any copl shares. So who were they referring to above? If another II, why would they put forward a large convertible bonds arrangement given the damage it could do?

Sorry 3LP, maybe too far-fetched!

Also, for the Anavio (‘middle-men’ theorists), did someone ask them to get involved in July one week before the official rns about the RS report?

We’ll probably never know for sure.

Has anyone considered that the RS report was not released because someone asked copl not to release it? It’s quite a long time from the January announcement regarding the find to the August rns. Do we think no-one approached copl about the find in that period and asked them to hold back?

This is just another theory to consider.

Not sure AM is delaying the deal, trying to get better terms or anything. If he pretty-much had agreement to what he wanted previously it sounds like both parties are on the same wavelength regarding where he fits in.

It would appear that the interest in the wider assets may be the cause of the delay.

Will be interesting to see what’s said in the corporate update that’s suggested to be coming. Need an update on finances given what was said on the 1st Feb. Will they give more info as to progress with the JV at this point? Surely they have to add more to the story.

Do we think Anavio are acting that way currently? Wouldn’t we have expected continual bond conversions if they wanted to milk the company?

They haven’t acted like the smaller BH. Presumably a reason for this.

We can buy back but the way things are looking it’s not going to happen - they’re a pivotal player in where things go from here IMO (nudge, nudge, wink, wink).

For info, should a party want to take us out, according to the Prospectus they’d need to hold 90% + to force it through, otherwise they’d have to make an offer.

As I say, for info.

Revised my Anavio numbers. Given the current VWAP I think they might now have access to over 50% of the potential shareholding, and that’s without any new tap drawdown.

If these are all buys why did we finish down? More manipulation presumably?

Not expecting a placing. I doubt Anavio (or their JV company friend?) would want that to happen. Maybe more bonds but we already know that’s a strong possibility from the rns.

On WOGCC site. Extension of previous flaring request. Sorry, can’t work out how to attach a link to actual document:

http://pipeline.wyo.gov/HearingFrame.cfm?Skip=%27Y%27&oops=ID49805

22-Feb-23 11:43:23 5.75 2,468,653 Buy* 141.95k O

5.9/5.925 currently. Tight as

News may be being suppressed due to the NDA but we should find out in the next week (given previous rns) if we need more money (the tap?) or if we’re actually doing ok. So we either need and will have more money , or we don’t need it yet. Positive either way?

JBER back on Ask (fumes?) but news should blast them aside. Any day now.

RBL and tap news should feature in the next week.

…you guys might like to continue your conversation with the troll(s) via private messaging? Just a polite request. Thanks

LLP - I think Anavio could be much closer to 50% if last weeks conversion payment rns is an indication of the potential additional shares they could get.