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"Do you believe RBL on good terms is possible whilst production can't breakeven?"
RBL's are given on proven/unproven reserves, these CAN and ARE given to non-producers so I can't see a problem
_A_B1 this is correct
Bond principal amt: $25.2m
Issue price: 78%
=$19.6m
Current converted bond equals $2.8Million which leaves.... you guessed it $16.8M or Anavio's holding
Trujack- Just read the document again:
"On July 26, 2022, pursuant to a purchase agreement dated July 18, 2022, Anavio
acquired beneficial ownership of senior convertible bonds with an aggregate principal
amount of US$16,800,000" WHERE'S THE REST OF THEM?
Oiler- WHEN & WHY did you decide to invest in this so called "lifestyle company" what is your AVERAGE?
WOW Oiler that's a new low even for you! How about you look at some of the positives of COPL that you somehow always fail to mention.....
Trujack, the BHs are made up of institutional Investors
"ยท The Convertible is anchored by a long term, UK based institutional shareholder (the "Lead Investor") and other institutional investors (all investors collectively, "Bondholders")."
"Probably see the SP walk slowly up to 16.75 before the next round. Brilliant for traders !!!"
I think it's even better for us LTHs as long as the lead investor (cornerstone investor) sits on their bonds, it's of my opinion that the other institutional investors (all investors collectively, bondholders) who shared the rest of the convertible bonds have now gone. Not a coincidence that the rest of the bonds were converted and the amount that's left is the amount the Lead Investor owns.
So, $21 Million left, we've been told that this figure sits with our cornerstone investor and the rest were shared amongst others. Will be interesting to see within the coming months if any of these are converted. Looks like all other Bond Holders have now left the building and good riddance to them.
Didn't we drill a discovery well that was put into production and flowing oil???
I think he's learning from his mistakes, WHY would he say it will be done by end of November and then something crops up and the deadline is missed? Certain posters would have a field day with this! I prefer his new approach, will be completed WHEN the deal is done! Keeps everyone guessing as could land any day
Oiler- You've missed the line "all in your opinion" as you have no proof of anything you have written!
RBL due in December? Please show proof
Bonds are going to be reset to 13p? Please show proof
Ramping team paid to hold sp? Please show proof
"COPL doesn't know why the September numbers are not up yet. The company does not run the WOGCC site... it submits numbers to them. WOGCC publishes the numbers on its website"
Email I just received
Ah right okay, cheers Bolton
"If COPL havent provided them they cant be published"
The question still remains, why haven't they been sent?
Bolton- what's your theory then? September ended 5 weeks ago; this is the latest I've ever seen ours published. It's just a matter of SWP sending them through to the website operators
Yes, but were normally UP by now on the website, why are they being held back is the million-dollar question?
waddaweknow more like waddayouknow.... sweet FA by the sounds of it
Still bugging me why AM was grinning like a Cheshire Cat in an interview in September. What did he know back then that we've not been privy too yet? He told us to strap in, are we in for a Suprise?
The uncertainty around production numbers is definitely not helping us here, especially after the RNS, need to get the numbers out ASAP, no reason why they should be held back.