Member Info for RBMInvest

I’d be very disappointed indeed if our CEO’scurrent priority was explaining his every move to traders looking for a quick buck. For those who are invested for the potential medium term returns, a small delay as negotiations take place will not be a huge issue - certainly not a surprise. There was never any promise of an RNS’d update in early January, just that the potential JV partner was going to present to COPL during this period. Anyone that can read will know this. Anyone with any understanding of big business negotiations will also know that they rarely conclude after one counter presentation, especially when multi layered managerial sign offs will be required. If you ‘believe’, just set an RNS alert and chill - sitting on a BB 24/7 waiting for news and listening to blatant agenda based theories isn’t going to help anybody, or anything, in any way whatsoever….
Chill.

Dry yer eyes. It’ll land when it lands, they’re not working to a timeline that feeds your impatience.

No access today as out and about, anyone help out with volumes this far and where individual MMs are sitting?
Thanks.

Duster, think it’ll rise very slowly before news, given the apparent hit to sentiment today (understandable, but unjustified IMO). Once news flow and momentum begins, it could become a juggernaut. Different investors/institutions will have different risk entry points, so I’d expect any retate to be sustained as these are met.
This is my only ‘punt’ stock outwith my SIPP investments and I’m pretty confident it’ll do very well indeed - but I’m not blind to the huge task AM’s got to pull off first…

Always pays to question everything Iron, agreed. I know it doesn’t amount to proof to anyone other than myself, but I received an e-mail from AM on 12 December stating:
‘Our cornerstone bond holder has no intention to convert and sell. It’s why they are there.’
The numbers sold etc would appear to fit with this also. As I say, proof enough for me, perhaps not for others. However, if it was as easy as that getting to the facts every time, we’ll we’d all be billionaires…

Iron, it states clearly in the RNS that it’s a tap facility with the primary investor. They haven’t converted yet, and AM confirmed by r-mail that they had no intention of flipping, in it for the big prize. Given what they must know, pretty reassuring that they have invested more. Think you’re looking for an answer to a question that didn’t need to be asked….

Thinking along similar lines, Tiburn

I try to avoid SP predictions and try to predict optimal exit timings, certainly don’t think you’re far off on that score. As soon as oil is flowing freely and proven, this’ll be snapped up for good money.

That’s huge weight off my mind....

You have to appreciate that AM isn’t trying to organise a lease on a corner shop in Grimsby with a £1500 bank loan to cover a week’s stock of pies. The scale of the deal he’s manoeuvring himself into is mind blowing and way beyond the experience of most PIs.
If you’re in this for the long run, and you ‘believe’, then just let him navigate his way to success and switch off from daily SP volatility.
If you’re a trader, good luck to you. Got a lot of respect for those who openly trade stocks and succeed - it’s just the poor two faced, manipulative souls that annoy.
Big (and this one is potentially HUGE) business deals do not happen over night, they never go exactly as envisioned and they’re never done to a timeline that suits everyone - especially not a few private investors and some gamblers who seem to be viewing the stock market as the new William Hills.
Today’s RNS was actually positive, IMO. Limited value, instant access cash that allows Art the chance to sit at the negotiating table with drilling underway. Been jumped on (totally understandably) by the MMs. Sentiment took a temporary hit today, not fundamentals. Don’t get me wrong, AM’s communication could improve, but I think his deal strategy is spot on.
He won’t be remotely bothered by a 15% dip today, that’ll be a drop in the ocean if he gets this right.
So, if a LTH, keep the faith.
If a trader, then trade away as long as your reasonably open about it.
If neither of above, why are you even reading this? Mmmmm, I wonder.
GLA

Yep, October was always naive and overly optimistic, I’m sure AM regrets that comment. However, DD is done and January now looks to be the pivot point.
Could you pleaseexplain your ‘pumped for the bond holders’ comment, I can’t see any logic to that whatsoever?

‘Pumped it for the bond holders’, what absolute nonsense. The SP was never going to fly after that RNS, even though it was a positive enough ‘holding’ message to all. Art definitely made a big mistake by implying naive, overly optimistic timelines, but he now looks to be positioning himself well for final negotiations. Look at this logically, not through rose tinted s glasses - or through the posts of an obvious trader with an agenda to work to.
Look at it logically. When the real news comes (and it’s all set up for January), the bonds will be rendered virtually irrelevant.
DYOR

If AM manages to strike the right deals on JV and RBL, all this talk of bond price reset becomes largely irrelevant. The cornerstone investor, according to Art, is playing a long game as they see the potential.
Don’t think RBL news will arrive until JV agreed in principle, as requirements will depend upon JV outcome. I think Art has dangled that to show potential JV partner that he does have options. Not going to see SP fireworks based on this RNS, but I like the wording and how he’s positioning himself.
Nothing’s being ‘kicked down the road’, it’s just the normal pace of such things. The only BIG mistake made was AM naively implying unrealistic timings to impatient PIs, bet he regrets that now...

Clever move, just add a bit of pressure.
More thought gone into this RNS too, the wording in some areas is telling and shrewd, IMO.
A good holding RNS with plenty going on behind the scenes.
The big trick here is for Arthur NOT to work to the timescales demanded by some ‘investors’, but to negotiate from a strong position and strike the BEST deals available. This is not an easy negotiation, but I feel he’s on track. So what if it takes a bit longer, last thing on his mind should be a quick buck for impatient PIs. Sorry if you’ve been waiting years, but I really do feel that further patience will be rewarded handsomely.
Bring it home Art.....

I’m sure it’s seen as a badge of honour by some sad, linked groups, but posts and posters are not removed from chat boards without good reason (positive as well as negative, just for balance).
It’s good that LSE are policing posts, but probably best to ignore all those from posters with ‘history’. Agendas at play.
Have a great weekend.

Think most holders at this stage have made there decision to hold out. They’ve weighed things up and see a very good potential return. Nothing is guaranteed, but if things fall into place, it’ll be big.
Given that, I actually see raised activity from the Negative posters, quite often a signal that something may be imminent. At this late stage, and with option be big pretty much entrenched, I’m not sure what result they’re hoping for. Maybe they have nothing better to do on the last weekend before Christmas, but seems like a shocking waste of life.....
Christmas market for me, no point wasting life on something I cannot control.
Enjoy your weekends........
DYOR

Not one for SP prediction, but I do work to potential exit sweet spots. If (and it’s still a big if) a deal came about that was along the lines of the one I suggested, I’d see the sweet spot being 6 months after JV start. Following an expected JV re-rate, after a period of relative calm, I’d expect further substantial growth as the market grasps just how much profit a debt free, asset rich oil producer can actually deliver, especially whilst under the protective wing of a large JV partner.
All conjecture at this point, but let’s see what reality brings us.
In the meantime, ignore the heckling and just get it right Arthur......
DYOR

Apologies if posted twice, having phone issues!!

If, as AM confirmed, the cornerstone bond holder is in for the long haul, then a reduction in conversion rate may not prove as problematic as some would suggest.
Money is now, and due to become more expensive, so I’d suggest that AM may be negotiating to sell a sizeable slice of the ‘new find’ for a sizeable sum fo money and bypass an RBL if possible. All that is required is enough to pay of principle debt and buy out the hedges. He’d then have, almost overnight, a highly profitable company, free of expensive debt, with a great infrastructure, full profit on all production and a large stake in a huge, long life field. A very difficult negotiation with a savvy ‘big boy’. If it’s Exxon and the want access to the field for both carbon capture and the oil, then such a deal is possible.
It’s only when you fully understand the magnitude of such a deal to COPL that you realise that getting the deal right is FAR more important than getting it done quickly. If he gets it right, today’s SP will become truly irrelevant.
Get it right Arthur......
DYOR

If, as AM confirmed, the cornerstone bond holder is in for the long haul, then a reduction in conversion rate may not prove as problematic as some would suggest.
Money is now, and due to become more expensive, so I’d suggest that AM may be negotiating to sell a sizeable slice of the ‘new find’ for a sizeable sum fo money and bypass an RBL if possible. All that is required is enough to pay of principle debt and buy out the hedges. He’d then have, almost overnight, a highly profitable company, free of expensive debt, with a great infrastructure, full profit on all production and a large stake in a huge, long life field. A very difficult negotiation with a savvy ‘big boy’. If it’s is Exxon and the want access to the field for both carbon capture and the oil, then such a deal is possible.
It’s only when you fully understand the magnitude of such a deal to COPL that you realise that getting the deal right is FAR more important than getting it done quickly. If he gets it right, today’s SP will become truly irrelevant.
Get it right Arthur......
DYOR

Pilot, yes from an e-mail exchange with AM yesterday evening.
Sorry for slow response.
GLA