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Agreement on very good terms, given them ample time to make payments. Probably around 6 months before 1st payment.

You can’t!

Where does it say financing going ahead…this is now at significant risk following revelation of $135m debt. Also as placing not closed yet (high risk) same as the 4th Avanio financing they will now want this repriced to near whatever SP is next week. Its ill timed should have suspended share after JV end talk RNS.

How can they continue after that, and also no confirmation of Anavio 0.15p placing, is this in doubt now?

At least COPL bod say something every now and then lol

Non-stop selling

Totally…total self-destruction.

You’re being nice with ‘farcical’, this is catastrophic!

Not working with anybody, I’m just echoing what the SP and the market is telling me…you need to look no further than the SP. We are all suffering here!

Very inexperienced / naive CEO here, would not put anything past her. If this was such a discount, why she not buy bulk you must ask, some petty 18k between bod big red flags!

..placing coming. Certainly all hallmarks of one.

Disagree, it’s a one-off cost but it’s a big cost, then you have to maintain, operate, store, fault and undertake repairs. Requires resource and expertise. You don’t take on such liabilities when you need preserve cash for upcoming drills.

Thx can’t have put it any better. These are all basic / logical decisions that any decent experienced CEO would have made without a finch.

..after drill as stated by CEO. At least I’ll give her a thumbs up for confirming this…shorters can take a walk now!

Disagree put into context, speaking well does not mean she gave a good interview. Out of her depth and she is relying on the work done by her predecessors and academics. Which is fine but don’t listen to me just look at the charts if this SP since she took over… it’s grossly negative a the way down. She needs luck and all of it but I fear she will still mess up everything as she lacks CEO acumen/experience. This is just my view.

Talking well in an interview does not make you a good CEO lol

Listened to the interview, Lorna does not fill anyone with confidence very naive. Never like it when they use ‘hoping’, you can see trying to cover herself…but decisions and how she’s managed the discounted placing… is absolutely unacceptable and sackable in any other business! Only luck can save her now ie if helium is discovered.

‘Move a lot’…there is also high risk of of further placing. Just keeping it balanced!

Good point, you’d think current shareholders would want to make a bid at these utterly bargain prices. It’s an oil producer so all the work is already done here..it’s now all about increasing production.

Agree they are not going to place at 0.15. From past dealings they will be looking at a discount…now what will they want take your pick below 0.08…