Member Info for RodneyT

Possibly, BB, possibly. If this happens then Mr Cotter will have plenty to play for in the UK, US and Canada; not only a wide range of potential targets but plenty of well off ones.

Very familiar with Milton, Stas. Can't speak at the moment but happy to share in due course.

Mr Cotter has no limits to his remit. All third parties are potential targets. So much evidence has been forwarded to him all the time, again, without restriction. We may benefit from whatever Summit intend to do, we may not. Time will tell. We all have an opinion but the fact is we don't know at this point. Perhaps we will know more soon?

Well said RBM. Plenty going on with Mr Cotter, who, for those who may not know, has an outstanding track record of success in this field. As a holder of large paper losses myself, I can only say that I am delighted to have Mr Cotter representing my interests. Concerning Summit, let's see what news, if any, comes on 17 June or soon thereafter when the implementation is due to be finalised. Concerning BP, it never had a lien on COPLA whereas Summit did. Three High Court Judges have made their respective individual judgements to get this point. BP's approach was opportunistic and has not been successful. There's no evidence to suggest they had our interests in mind when commencing their late action. There is a sense that it was a desperate last effort for some reason and not just to do with USD11 million that they may well be paid in due course anyway. You are spot on RBM: patience is key. In the meantime, any additional evidence folk may have found, please send this to CAG or direct to Mr Cotter.

Implementing the lien conditions allows Summit to extract COPLA from COPL. At that stage, Summit can decide, subject to the law, what happens to debt, equity and creditors within COPL. Restructuring could mean so many things. Summit have a hard earned reputation to maintain. I'm sure they are aware of that.

Maybe, maybe not. Restructuring can mean just about anything. We remain COPL shareholders with trading suspended for the time being. Summit will doubtless be looking at risk management and opportunity cost most carefully. Reputations are hard to earn and easy to lose. CAG has been busy during the SISP process, taking Mr Cotter's guidance on board all the way. CAG is well known to all the parties and appeared frequently in Court papers. Restructuring could mean anything. We will just have to wait and see.

Summit used their lien. BP didn't have one. 3 High Court judges have waved things through to here. Surely this is all why we are here now. It is reality. Also, on what basis would BP be any use to us? Driving COPL into bankruptcy was a real risk had their late action succeeded. As it is, COPL is a going concern in the process of being restructured. A lien means something. This case proves this.

What if BP only entered the data room at the last moment and, having done so, realised as an oil company rather than a financial hedging provider just what potential COPL and its assets represent? What if BP's connection with COPL prior to that and its perception of the readily available SISP documentation gave BP little/no indication of this potential until that point? This is just a theory, nothing more. Having been closely involved with the Hurricane Energy situation 3 years ago and aware how quickly HUR burned through £17 million in legal fees, I suspect BP are close to $11 million in legal fees spent already. One wonders what is going on here. Hopefully we will find out soon enough.

Good morning Stas 20. Just supposing that were the case, it would be a profound tum for the better not just for production levels but also for hugely reduced costs and then the matter of tax breaks for CO2 capture. AM outlined just such a scenario many months ago. Based on the dates of the RS reports and the fact that field analysis was going on for many months until recently, who knows what has been learned and deduced? Also, what are the implications for the other property COPLA owns over and above its stake in BFSU? RS is a sound organisation with a rich history for high quality work. Such companies are traditionally very conservative when reaching their conclusions. Under promise and over deliver rather than the other way around? These are just ideas, we really don't know what is going on. What we do know is that very powerful players are battling for COPLA's assets right now. Why are they doing that?

...perhaps not commercial with NGL. What about with another injectant?

Dilution occurs when a listed company issues more shares so that the preceeding value of the company is thereafter shared amongst more shareholders than was previously the case. The key point is that more shares have to be ISSUED.

100% correct Stas20. Thanks for that.

Why did you say that? What did I say to merit that viewpoint and to merit you being so rude?

Why would Solgold need an 'emergency loan' when it owns just under 7% of market cap in Solgold shares which it can sell as/when it wishes to?

I think that could be why and how Red came up with 51p a share based on a 1% of reserves in the ground at Cascabel. Then thereare the conservative 18% factor between resources and reserves and the other tenaments such as Porvenir. It doesn't look bad based on 10p a share now.

How do you propose to address the global shortfall in the supply of copper if finding new (huge) reserves 'in the ground' is so unattractive so as to be largely irrelevant?

Most cases of this type are settled out of Court. Mr Cotter made this point in his presentation.

Have you watched the Zoom presentation Snortax? If so, Was Michael Cotter lying about retrieving millions of pounds for Arch Cru, Keydata and ARCK investors? Can you show proof of folk disgruntled with Michael Cotter's work with these three investments and groups?

Thanks Ryan. I don't want to comment on Mr Justice Yamauchi's decision or whether proceedings were dealt with correctly. CAG will be presenting opinion and evidence to Michael Cotter and have already done so in relation to various parties and matters.

There could be many reasons for that. I would not like to comment at this stage Steve because I do not want to impinge on the Class Action case. There is plenty to say but this will be for Michael Cotter.