The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good Morning and Happy New Year to all genuine Coplers.
I've been avoiding the board for a while due to the scurrilous noise not only from the multi-name posters and my 40+ Green Box brigade but also the COPL/Art advocates encouraging them by responding...many of which should know better! I will add some of the Rose-tinted glasses pi's IMO are also doing more harm than good with their unsubstantiated claims.
Having got that off my chest WTF was yesterday's insane overreaction all about!!
Firstly, anyone with a modicum of knowledge of our company knows the Tap feature has been there for a while and actually been mentioned on here numerous times as a fallback positive to our position, not the opposite...sitting there ready for just this situation.
Then the fact Art took a mere $4 mill tells me he is expecting the JV/RBL however it is described in short order, which he has alluded to so now is essentially backing his words with the appropriate action.
We all know funds are required to continue moving forward so as long as more accretive than dilutive in the grand scheme of thing who gives a dam where the initial minor influx of funds come from?
The fact it came from our well-informed cornerstone investor underlining their support for us fits the bill nicely for now.
If a mere $4 mill oils the wheels to achieving all of our short-term aims then fine by me..
Nothing changed guys excitement abounds
Ploppy
Good morning...v good I hope.
The simple fact the JV has been mentioned in an RNA gives it the gravitas it was lacking before and the potential partner now attending to DD is the icing on the cake.
I just hope the overpaid Ryan still not producing an RBL --for whatever reason, does not take away from this.
Good luck all Coplers let's hope today Boils!
now's the time to s--t or get off the pot!
This is looking pretty binary to me:
Monday or Tuesday this sp will move quite significantly IMO
Either we get good news on RBL/JV and/or Sept figures..call that a one-in-three shot!
OR RBL/JV stagnating with another kick can and Sept production figures a flop.
If you think the former now's the time to pile in.
If you believe the latter then time to pack your bags and go look elsewhere.
Have a great weekend all true Coplers!!!!
Good Morning
Great post Sat Illusion with some thoughtful posts that followed--thanks to all. The session didn't start until midnight here but I diligently sat through it so I would like to add the one thing my tired brain did notice was there were circa30/40 viewers for the first hearing which then spiked to 200/250 for our turn then tailed back to the original 30/40 from what I can recall. There will have been some from here but it would appear there is a great deal of interest out there for our little soon-to-be mid-tier company. Hopefully, some execs from various Majors saw us shine.
I agree Elizabeth and her team did a professional job but that is what they are paid for. It seems she is perfectly capable of creating a well-informed presentation with schematics [painting by numbers lol] and has the requisite knowledge to impress when questioned as she clearly did. So the screaming question to me is WTF as she has a substantial hold so must share our frustrations --assuming she prepares Art's slides etc, doesn't she attend to his presentation failings, tailor it to him and coach him to avoid rambling, repetition, and just focus on the salient sell points!
Perhaps she could head up a PR team or for the umpteenth time why haven't we got a dedicated PR exec instead of silly Cathy covering Art ass...PLEASE!!! Is Art too worried they might not support his err bending of the truth?
Her being heir to the throne? Apart from being a huge step I sincerely hope not as after all this time I really need a sell or JV/Sell.
I'm totally behind you Illusion in your second post. May I also ask that all real investors stop giving air time to the Green Box brigade....I think we all know who we/they are...with a grey area for the newbies that turn up everytime there is news happy to engage them...I have my theory on this...not difficult.
In my last post, I did mention Art needed to jump a few hurdles to achieve legendary status else his legacy will fall far short of that.
LTH Art jitters: IMO Ryan is not stepping up with the RBL...I'm not sure it is being held up by a poss JV or if indeed that is the case please inform us instead of Art 'we're dealing with multiple parties' attempt to turn a negative into a positive. Any genuine LTH will recall he came out with this carp re finding a Provider for OPL226 with same delayed drills...eventually just forgotten in true Art style. Not saying the same here but still an old and tested kick can from Art. For peace of mind, I really need to see that sorted before the 90-day moratorium on placement expires!The JV I still want to see something concrete this month as he suggested but to finish on a high note I'm hoping Sept drill figures may help carry us forward if any further prevarication!
GLA all invested
Good Morning
First, let me say I was disappointed with the 'amateur' presentation and noise on here that followed and leave it at that.
Tues court appearance: I hope it sails through as Art intimates and we make up for the misplaced fall in sp that followed the last time. If not I have only one word...Agamore---please not again! That's for the LTH's and well-researched.
Having got that off my chest allow me to continue in a more optimistic mode to take us into the weekend.
I did wonder at the time, Art stating he was opposed to a JV. After all, time is not on his side--I'm allowed to say that being only a couple of years behind-- and more pertinently IMO with the future looking so uncertain, why not take advantage while that is working in our favour with a JV or pref an outright sale. Then he could join the rest of us, seemingly, in Thailand, and simply chill.
It's my hope knowing what we have in true Art style he was holding his cards to his chest awaiting an approach. First one to blink loses. Then the JV release was putting up the for sale signs, possibly a little late, advertising we are approachable so others who have had their eyes on this could follow creating the dream scenario of a bidding war that may very well lead to a buyout in a far shorter timescale than any of us could have dreamt of. Maybe his talk of hoping to get the sign-off this month was a strategy to pressurize other prospective parties---if not I care not...win win folks!
I don't believe his legacy would be improved one iota by grueling it out for a few years well by well. I think he's pretty close to achieving legendary status with a few more hurdles to jump, which is the fun part, then bingo he's managed to create a billion-dollar mid-tier co from the depths of Nigeria and exit with a plane load of cash in record time.
Well done Art...just sort out your presentation skills will ya!
Have a good weekend all true Coplers!
Good Morning
I think even the laziest non-researched investor must realise we were oversold on a non-issue last week and have exciting sentiment/sp building news awaiting us in short order so I'm hoping for a gradual climb this week in expectation of that first RNS from Art.
Holding steady here
GLA
Very Good Morning All
This blows away my concerns this report may hold up the RBL...over to you Ryan!!!
Feeling confident we will get positive news re the flaring application later this week so all good .
Happy Days
Good Morning
It is my understanding we cannot expect an RBL until we have a new reserves report produced to inc Cuda which being of material interest should be the first step RNS we can expect, apart from news of flaring permission granted, though Art mentioned filing a form 51101FI if anyone better researched can throw any light on that? I'm hoping they can have everything prepared with the chosen lender so as long as report matches expectations it will be simply a matter of filling in the gaps and NOT a scapegoat for a delay by Ryan!
We do need something from the company to keep the momentum going--row with the tide. So if no early release of August results--and why not! I would have thought Art wouldn't need too much of an excuse to discuss ongoing production with Katie especially as he seems very confident all is well and merely a mention Ryan is making progress with RBL should suffice for now
.As dilution is still an issue for many I know maybe I'm asking too much but could you imagine the sp reaction if Ryan instead of his vague mention that future finance would be different wink wink could set out a financial projection for the next 12 months[24 would be better] backing up how we move forward without resorting to the dreaded P word or using the Wonga boys. I accept he could not RNS that but something similar to how Tiburn sees it and lays it out with the usual disclaimers would be wonderful. Backed up by investment with the company...come on!!
IMO we may get a pre-news rerate simply getting us closer to where we should have been in the first place inc rise in POO since purchasing of Atomic, Cuda completion, and RS report confirmation of our not insignificant new frontier--followed by a second wind taking into consideration rising production [post Cuda] and RBL in hand...bloody frightening potential from here on chaps.
Lastly, Arthur please can you employ a designated PR bod to promote our amazing potential as we march towards your mid-tier goal...I dread to think how much we are missing out on by not reaching out instead of waiting for investors to come to us. If not with the bb now cleared out of the crew you so dislike how about less of the us/you and we all pull together?
GLA
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID48157&RequestTimeOut=65000&nOpco=1769
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID48157&RequestTimeOut=65000&nOpco=1769
Good Morning.
Well done Art, money talks BS walks, and snaffled yourself a bit of a bargain there bringing your av down at the same time. Just like us real investors dare I say.
More pertinently I won't say you've thrown the company a liferaft as we don't need one; more a case of blowing some helium into our deflated sentiment.
Might I suggest to keep the ball rolling Ryan steps up to show some commitment in a staggered release shortly.
Also as I think we all agree production is the current be-all if July figures are left wanting as I suspect surely it is possible to release August figures early Sept even allowing for certification protocols if required then likewise ongoing while all eyes are looking for that vital incline. I realise it breaks with the company tradition of taking everything to the wire but hey ho why not give it a try!
On a similar note presuming Ryan realises how crucial attaining the RBL in good order is. Taking it to the wire and then saying it is delayed is NOT an option. Proactive is the order of the day--forget Art's comment that you can't tell a bank what to do...WTF not when according to Art they are queuing up for our business. Time to earn your spurs Ryan!
GLA investors we're all in this together.
Good Morning
Sorry if I seem like a dog with a bone but one of my many peeves mentioned here along with mailing Cathy and Ryan has been wtf Art isn't including Cuda figures anywhere now he finally can after several months of reminding us his poor production/revenue figures would be improved if all-inclusive which he couldn't due to an NDA.
So imagine my surprise after watching the presentation for a second time--sad fck that I am, I noticed on the 46th minute Art casually mentioned "We knew Cuda was going to close and it did"...news to me! Another Art flanker?
Are we seriously not taking advantage of that unhedged revenue? He put it down to 'happenstance'
Even though I did take some positives looking forward from the Presentation it's just his casual attitude towards finance [our] that drives me nuts.
BTW who agrees with me that Art slide presentation would have been much better presented by the lovely Katie from Proactive...now there's a thought!
Good Morning
With the RS report being complicated and needing an explanatory interview I hope it drops when both markets are closed to allow everyone to try to absorb it and most pertinently avoid a knee-jerk sell-off as best can.
Having said that I see no reason why Art can't produce a simplified version for us plebs but not holding my breath.
As a bonus, if we do suffer the usual sell-off that follows any Art RNS in this instance they could be replaced by more knowledgeable types from the O&G industry who may well help spread the word to the institutions we so badly need to access. This may lead to an eventual change in the ownership balance from pi's to I's and heaven forbid we can finally put the traders and short s--m behind us.
While it appears the fall in production is behind the recent sp drop rather than the expected FOMO which was what I was hoping for, it really didn't have to be this way. I'm disappointed with Art as I had previously suggested here that rather than try and hide the news in the dark depths of Sedar, once we had CUDA secured it was critical they should release figures inclusive of the extra production and revenue thus created as part of our incremental company sentiment build up to the RS report and RBL.I also wrote to Ryan and asked Cathy if she knew of an impending release of such and if not could she put it forward to Ryan/Art. Neither received a response.
IMO if they had released these figures simultaneously to finance RNA, as now they can, we could have been going into what may be a pivotal few days for the company with sp in a far healthier position--Art has been using the fact we cannot release CUDA info due to NDA as a get out clause with rising annoyance we are far from the 3/5000 per day he suggested by last year end--I'm assuming he allowed August figs go to his head-- that may have taken the sting, albeit temporary, out of recent sp reaction. So once again seeing an opportunity the traders/shorters and mm's weren't slow off the mark to take advantage of the company's poor comms. How they love Art
Regarding the Anavio finance deal. While the pros and cons have been covered adequately one thing that irked me was Art's mention even insistence it was the result of an approach of an existing investor which Anavio has made very clear they were not. However, I will give him the benefit of the doubt. He meant the new investor was brought to him by a current holder such as HSBC who I would like to see be more involved. Though minor in the grand scheme of things these things don't go unnoticed by competent potential investors just chipping away at the poor sentiment that blights this company..
I'm not denying Art has done a splendid though painful job taking us from the depths of Nigeria to where we are now and I am still holding for gold while accepting the shine may have been tarnished somewhat.
Good Morning
I would like to apologise for my last gung-ho post as I had been suckered in along with others thinking we had progressed way further than we have taking the positive from Art ambiguity/deceit from his recent contact rather than the reality that we were experiencing cash flow problems as opposed to having the cash for CUDA tucked away in an Escrow as I hoped given the recent raises, supposed cash in bank and income derived from production.I shall try to hold my enthusiasm at bay when spotting a glimmer of hope in future.
After many years suffering the Arthur Mollholland experience still having a substantial hold here please allow me to get a couple of things off my chest.
Firstly his comms which we/most put down to lack ability. Well he certainly is well qualified in the art of ambiguity and don't forget any RNA passes through many hands. AM,Ryan,Cathy BOD and the lawyers spring to mind so are you telling me not one of them pointed out with the last one "Art there is too much gobbledy gook here for your av pi which may result in a negative result" so how does this keep happening?
This indeed is what happened in the last instance for many along with others who, like me, were gutted to receive not what they were expecting...though I concede I should know better
Having studied and accepted what had to be done I was still annoyed at being diluted yet again which I accept if accretive but not so much as a bolt from the blue after to my mind the indications suggested otherwise.
Secondly despite Art dressing it up I am annoyed we are experiencing the production problems after spending a fortune retaining our dream team who have had considerable time to get it sorted. Piping shortage notwithstanding...now we have realised it was not for CUDA positioning....which I cast doubt on sometime ago.
Which indeed is what happened in the last instance for many along with others who, like me, were gutted to receive not what they were expecting...though I concede I should know better
Having studied and accepted what had to be done I was still annoyed at being diluted yet again which I accept if accretive but not so much as a bolt from the blue after to my mind the indications suggested otherwise.
Anyway I didn't sell but neither did I top up as I had been taking advantage of what should have been yet another bottom.
All for now hoping for something better asap
Ploppy
Good Morning
The way I read it RBL would not be getting involved in CUDA sign-off unless already seen and sanctioned RS report.
Essentially we are getting CUDA news a week late but the more game-changing news far earlier than expected.
Dare I say it all we need to know tucked away in this RNA
Am I happy....YOU BET!!!!!
and cut the legs from under those dam shorts. You know you want to as do we. You must have something within your growing arsenal to facilitate this. Predictability falls into their greasy hands...surprise is their Achilles heel and in your court to play.
Further while I think we can all be as confident as can Cuda is in the bag I have seen most of the respected posters' thoughts on sequentially moving forward with all the obvious steps we need to tick off however, I've not seen much mention of what I regard as the next absolutely critical step from Art. That being: he MUST release the updated cash and production figures inc Cuda from the last 3 months, yes I'm inc May no need to take it to the wire now, either with the Cuda news or subsequent to the following day!!
If not the market will wonder why not and fear the worst--we're still not covering our current debt XXXs? And if that is the case held back to the end of the month Art may well need more than his magic sword to placate me. Make or break for instant sp leg up IMO.
Worst case scenario. I'm happy to be shot down in flames as a fatigued LTH who has missed something obvious. Or better still --fret not Ryan is on the case all is in place and ready to go.
Anyway, looking forward to the next week along with the rest of today. Have a great weekend all Coplers.