Member Info for Notanotherone

Does anyone have any ideas what is happening with the other million of the first tranche of CLN'S, the share price was very obviously manipulated down last week with very little volume and a huge drop in price, which made me think that the next lot of CLN's would be getting exchanged, no RNS so not done and share price has had a slow raise from the bottom. Andy released his next talk implying that we are making money hand over fist at the inflated oil prices, is this to prop up the price for the CLN where the company valuation is over the minimum 6 million mark.

Anyone know what is going on or just guessing like me.

If I suspect it is a deal with Andy to get the CLN'S over the line we are going to be sat under 2p until New Zealand deal sign off no matter what Finder do.

Watched the interview, just regurgitated previous other interviews with a couple of add-ons about New Zealand and the sale in May at a good price.

The positive was he addressed the share price which he says is disappointing (although Gerry and Him signed off on the CLN'S so what did he really expect) and below the company's true value when the deal goes through.

Although my Sunda holding look like a bloodbath with percentage down there is potentially a candle light at the end of the very long tunnel.

Hopefully New Zealand get their act in gear and we get sign off in August with a drilling campaign announcement shortly afterwards, we should also be selling our next lot on the market in September / October and if the oil prices are still artificially high I might even break even for Christmas. Fingers crossed but not holding my breath as I've been let down so many times by Sunda and previous reincarnations.

Oiltdr, Anyone Knowledge on Sunda CLN agreement.

Where do we stand on our next drawdown, minimum company valuation is 6 million to drawdown roughly 1.5p we are below this now, nevermind their discount. Do we still get the money at the fixed minimum value i.e 1.5p or can they withhold it until the share price recovers if ever. If they can withhold where does that leave us with insufficient funds to complete the early payments on the New Zealand asset. Sorry can't find anything definitive on the agreement

Andy, Gerry,

A big thanks from the private investors who took your advice and took part in the retail offer, we are now down very close to 50% in a matter of weeks, I would hate to see what a bad update on the company's future does to the share price.

One of the highly paid directors need to provide an update on where was are at with the New Zealand asset and if the CLN monies are still available at such a low share price.

Share price getting destroyed with little volume, large sale in background? Next lot of CLN's inbound at a ridiculously low price, manipulated downwards for their best deal. Might be wrong but judging by how these companies work I don't think so

My personal opinion is even once the New Zealand asset gets government approval we will not even make 2.5p, if we manage to increase to 2000BOPD we should hopefully see 5p+, only a successful Chuditch drill will get any real gains. The CLN'S have destroyed shareholder value. Even with a successful Chuditch and Philippines farmout we will struggle to see 15p, we have lost 75% since Andy Butler took over never mind the dilution to come. Remember that we need to 10 bag from here just to get back to the share price mid 2022, that is how much shareholder value has been eroded.

I so hope I'm wrong as I want to see a decent return on my investment after averaging down so many times but history is just repeating itself over and over with missed deadline after missed deadline.

Some interesting articles about Tamarind and ultimately the New Zealand asset asset being bought from liquidation by the company we are purchasing from, reading between the lines they were not the most honest of directors (both companies, same people) so Andy's due diligence better be bullet proof or we could have some nasty surprises further down the line, could be a reason why there is not more positive movement on the share price (also the CLN deal).

Remember our CFO just signed off on the CLN's potentially giving away 75% of our company for 4.2 million while taking his 250k salary. So if they truly believe these assets are worth 100's of million why couldn't they persuade any financial companies for a better loan deal, agree far easier to sell the private investors the fantasy while in reality it's not so rosy.

Remember if you took part in the retail offer which was sold as a brilliant deal you are sitting on a loss of near 40% in a few weeks

The exercise price is the price they pay, so at 2.8p they would be making 20% profit, that's why the CLN's have trashed the company. They will be cashing in there next lot at 1.5p with warrants at about 1.8p.

As a rough comparison if we didn't have the CLN's and just a loan if the share price went up by 10 fold we would have a massive profit hopefully and the loan would take about 10 to 20% of your profit depending on loan terms. If they convert their full CLN and ridiculously low priced warrant they will take about 80% possibly more, hence CLN trash shareholder value.

The majority of the monies raised were part of the CLN, so we do not have all of the money yet, we have a guarantee for the money if required to fund the New Zealand deal.

You have witnessed what a £250,000 portion of the 4 million plus CLN has done to the share price. Until we get the New Zealand asset signed off and we do not know how much of the CLN we will require if we will require all of it I suspect they will own over 75% of the company with a further 12.5% in warrants at current market prices. I think they can own 90% of this company if they manipulate the share price and we have to use the full CLN allowance and cash in there low price warrants. That is why such generous CLN'S often spell the death for private investors.

This is of course worst case scenario but you need balance when comparing it with our best case scenario (Chuditch drill early 2027 and successfull).

I think this will drift and stay at 1.5 pence until signed off on the New Zealand asset.

The problem is the CLN's hanging over us, we already suspect from the last CLN conversion that they play dirty to get the best price necessary for their money.

When we see the share price drop with little volume they will be manipulating the share price with a huge sell order just before conversion to then close their position (they aren't supposed to be allowed to do this but the last conversation stunk to high heaven) so until the positive news comes and hopefully a spike upwards this will drift towards 1.5 pence. Even with news they have such clout now I don't think we will see the huge rises we all want until all CLN's are cleared. Hope I'm wrong but I don't think so, and all the positives I read are just hoping for the opposite because people are so far under they need the positives to stop getting angry at the crap financial deal we have signed up for.

I think we will see the share price manipulated lower until they have cashed in all of their CLN allowance, at which stage most private investors will have lost a further 50% of their holdings. This could potentially drift to the 1.5p range.

Remember it is in their interest to keep the share price artificially lower for them to get a better price for their CLN. They will do this by whatever means necessary.

Can't believe Andy didn't have a higher minimum price baked into the deal as we are purchasing a producing asset bigger than our company so the share price should have an upwards projection (unless manipulated by CLN holder). Can't believe we will potentially loose half of the company for peanuts because of the CLN's

This should be illegal, they sell shares they don't yet own to manipulate the share price downwards before purchasing the shares as a CLN at a further reduction to the current manipulated lower price. They are the same as door to door pay day loan sharks for the financial world. Lenders of last resort.

Yet another dodgy practice allowed to flourish, but I suppose if that's your only route to borrow the monies you need so be it, it just hurts to see your investment hammered when someone else makes a killing off the back of your investment because the company you invested in is doing so badly no-one else will lend them money no matter how good the investment case.

Andy better pull this one off this time including drilling Chuditch (I can take a loss if a drill misses targets that's just part of investment in an exploration company), I never signed up for CLN's to trash my investment before we even get there.

This is why CLA's screw companies and specifically private investors over, they have just purchased approximately 3.75 percent of the company for £250,000 (valuing Sunda at under 6.75 million on the price they paid) never mind the warrants. Hopefully when the New Zealand deal goes through we won't need to do this again, if there are many more of these it will finish shareholder value for good regardless how good Chuditch is.

This is why private investors struggle when the below CLA is cashed in at a reduced share price, I participated in the retail offer hoping to get a get a good deal while supporting the company, I'm sitting on a 25% loss while the CLA comes with warrants cheaper than my purchase price, the sooner the New Zealand deal goes through and stops any more CLA activity the better. spent a decade supporting Sunda and all I have is a large paper loss. Keep on saying it will come good and I do see positives, but that last CLA was a joke.

Amount Converted: £275,000, which includes £250,000 of outstanding loan note balance and a £25,000 finance charge.Action: The debt was converted into 15,426,039 new ordinary shares at 1.7827 pence per share.Warrants: Alumni Capital was also granted 8,899,676 warrants exercisable at 2.3175 pence per share.

Deano, agree took part in the retail offer after saying no more averaging down, I was hoping against all hope that this deal was transformative but alas the market thinks otherwise, sitting on a 25% plus loss with the bonus of some worthless warrants never mind the loss getting greater on my overall holdings.

Andy Butler talks like the company is going places and everything is set up for a 100million plus company but alas the market seems to think 8 million is fair value even with a purchase of a producing asset valued at over £12 million which hopefully the majority will be purchased using the revenue it's producing. Seems crazy yet hear we are, it's ok saying just waiting on more positive news, would have thought buying a producing asset on the cheap would have counted, but no yet further price drops.

So lucky I have the majority of my retirement fund in gilts, energy and technology stocks or it would be back to work for me.

Trying to tell myself give him 12 months and we will be a much bigger company, the problem is that I have been telling myself that since he took over and have seen the share price drop by 70% never mind from the gold oil days.

Fingers crossed to all LTH as Delboy says "This time next year, we'll be millionaires", but not holding my breath. Come on Andy show me why I have trusted you with my hard earned cash

Crazy in my opinion that this is still not moving in the right direction, if anything still going down.

I can only think the market needs the deal sign off, Chuditch extension, Philippines farmout or positive news on the rig.

The presentation was positive although most of the information was already out there, but just looking at the fundamentals of the deal we get the assets for nothing apart from a bit of dilution to pay for the deposit as the rest will be self funded if the oil prices stay anywhere near 100$ per barrel, also should be money left over to fund the Chuditch drill without further diluting (maybe borrowing on sensible terms when we are providing positive cashflow from the New Zealand assets).

I can see a market capitalization of a minimum of 20 Million if we can get a decent uplift from our 1000 BOOPD nevermind any uplift from the elevated oil prices. Just hoping the market just needs some sign off on their plans and I'm not missing something.

Reference the new TR1 it's just the funders putting in their £900,000, so no new investors just the funding for the deposit for the deal.

Would like to know when we can get control of the assets to see if we can improve BOPD production anyone know? Do we have to wait for government approval, shareholder approval or was it the deposit being paid, haven't see any information about this. Thanks in advance for any advice on how these types of deals are normally structured.

Hopefully this New Zealand producing asset will be the piece which stops the steady decline in share price, remember since Andy took over you would be sitting on a 50% loss so not in the Tufan Erginbilgic league.

That said I think this could be a fantastic way of funding a drill, if we can get the BOPD increased from the 1000 BOPD with high oil prices it could be a nice funding avenue for Chuditch and the Philippines and that had been our biggest issue, raising money. Just imagine keeping a bigger percentage of Chuditch a lot of things have to go right for this to work mind.

Not too happy about further CLN'S but needs must and in my opinion for a good deal, it is for this reason I have done what I said I wouldn't and purchased more shares as part of the retail offer. Timeline has now slipped to end of 2027 before we should have the big gains I've been promising myself for years but I now see a route for the company to be valued at over £150million if this deal works out and we manage to drill Chuditch without major dilution. I'm not quite up to CDF1 share count but not a million miles away after the retail offer. GLTALTH hopefully this is the deal to start the ball rolling for drilling at Chuditch and the Philippines.

Showing 0.00038 to sell and 0.00043 to buy just now on AJ Bell (dummy trade quotes). Looks like upward movement wether just a private investor or a leak on news imminently not sure, would suspect just private investor topping up on hope of good news as still no real volume. Will hopefully know by the end of April at the latest where our future lies