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Nope, that placing money was strictly for G&A. Art pulled a fast one and even blind sided the few posters are that in his circle of trust.
Bolton, are you really still banking on Art to deliver on time? I got an e-mail from Cathy saying Art was hoping to update the market by the end of September. We all know that means next September.
The news will just never come. Like the movie Groundhog Day, Raise after raise, Quarterly after Quarterly with the carrot permanently fixed in place.
Or maybe news will drop next week!
Stay tuned folks,
Alberta
Bolton, the chances of this succeeding are slim to none considering all the variables that STILL have not yet been resolved. Art continues to bleed shareholders while keeping us completely in the dark. Talk about biting the hand that feeds...
LOL nothing to get excited about at all. Art has milked us all and kept this sham going for 10 years. Another placing soon, watch. This company is a total joke, my investment is written off.
My bet is another raise. push er past 4 billion shares Art!!! Exxon has 4.23 billion out, why not shoot for that number!
Sorry Sub, your link is nothing new:
http://www.canoverseas.com/wp-content/uploads/2018/07/COPL-Receives-Project-Financing-Term-Sheet.pdf
This tidbit is included in the rNS:
"Cofarco SAS ("Cofarco") of Paris is engaged as Financial Advisor to the Company for the project
financing."
Thought about it some more, I don't believe it's new. Cofarco simply helped secure the $30 - 50 million USD credit facility with Trafigura which is old news. However, it is nice to see the other financial services they are assisting COPL with.
Great find, Sub!!
Still there... FG = Federal Government. Looks kind of shotty to me, but who knows.
That's what's going to move the needle my friend!
Maybe it's Kola Karim's account and the NNPC asked him nicely to take it down?
wow, you're all grasping at straws here. Anyone can literally say anything on Twitter, I'll wait for the official RNS before I get my hopes up.
What is a 5 code?
occams, you're probably right. Surely It's different this time than the last 10 times this has happened.
You would throw 50,000 dollars at this?
Another orchestrated P & D?
"no way that's punt money, someone must know something"
Most private shareholders have been left completely in the dark with the exception of a select few. I emailed Cathy today, I'm sure I won't get a response back. The company's silence may have something to do with NNPC wanting to keep things quiet as Art eluded to in one his last interviews (NNPC advised ShoreCan to keep the PSC extension on the downlow)... That's the best I can come up with.