Member Info for leathal1979

How do you consistently get away with this !!? I dont know whos more of a mug Art for mugging us off or me for buying into his crud !!

Any news on that positive response?

Cheers

Fuk, fair enough , thanks for the reply

Demon produce as much Oil as you like if you cant make it prophitable it has no value ?

Fuk, you still remain confident? Surely its obvious we are goin to get some kind of issue with regards to finance deal? Else we would have been told today , i mean theres three days left until end of the month .. Maybe im reading to much into things . Time will tell

Might i add im long here , just losing the faith gradually unfortunately , guess that could be the inexperienced investor in me .. Gl guys

Oil , Fuk i value both of your opinions both seem very level headed , however to say this wont affect us short/med term im not so sure i agree, i agree with ant something is off , lets hope nxt RNS is udate to suggest finance all in place on we go , If only !!

Agreed Caw Caw market wont react positively , another day in the world of Copl

STILL no finance update ! My confidence in this share is draining

Then, a further drop in SP from that update, looks like we were primed for it as prev RNS stated !

One day il wake and read a positive RNS, maybe just one day

HFB brilliant mate thanks v much for the deatailed response , il look forward to the verdict

Unfortunately Lok as much as it pains me to say it i dont think you can put rocket and this share in the same sentence

Monkey, must admit with it going right to the wire doesnt fill me with great confidence, then im most def a glass half empty kinda guy .. Hope im way off

I think about it this way, we paid $54M for Atomic which included all of the surface equipment ($50M in assets) and Pipeco.

There is no way to buy CUDA’s share and get even 1/10th the value out of it.

HFB, taken from a friend over the pond thoughts?

I think the problem for me is that regardless of how good the assets are, that may not matter.

If Art continues to take out more mortgages against those assets (we already have one mortgage on the assets). Then we will see the value of those assets disappear into debt and dilution.

If he dilutes 50% to buy CUDA, then he massively overpaid for CUDA and destroyed the value of the atomic deal. I would be out completely at that point.

This has always been my fear with Art. No matter how good the Atomic deal is, it’s far far easier to waste that great deal than it is to find another one half as good.

Oh yea , forgot that bit ant .. Cheers

Whats not right Moon? Any danger of some financial advice

Ahead, cant help feel there might be a twist in the tail here , reallu hope its a straight forward finance sorted on we go .. !

Spot on Lok, its that simple

With all due respect Shaa you be been beating the same drum for the last two yrs