Member Info for RodneyT

On the one hand we seem to have the SL and the scope for them to seize collateral. On the other we have Anavio who could convert all their bonds at this low price, dilute us to oblivion and seek to take control of COPL's assets that way. Where do shareholders stand here and the Directors doing their duty? We need the production guidance. What are the current shareholdings of directors and senior management? Would they be severely hurt by a huge dilution?

Cheers Pilot. The combination of Messrs Cowan and Gupta has potential to be a strong one for folk like us. If you recall, I said the other day that directors of listed companies like this are wise to say the absolute minimum save risking making unlawful disclosures that could cost them dear. We know all about the latter at the moment don't we? :-)

Good morning Pilot,

You could be right, you could be wrong. Do you accept that what you say is an opinion rather than a fact at this point in time? You have a right to your opinion of course but, as investors, we do not know what Nov production was, how the GGS is doing and what 2024 production guidance is. We also do not know what is going on behind the scenes amongst the various parties. An RNS from the company covering production, etc would bring much clarity either way.

Production figures and forecast. Where are they and what are they? Those are the questions. Also, how many shares do AM, RG and JC have NOW?

The November production summary and 2024 forward guidance are so important as they always have been. Where are those figures COPL? Also, is there scope for the SL to know about these figures? It's all been about production for ages. Also, the current situation is awful for most shareholders. Mr Millholland has around 180 million shares doesn't he? If so, he'll be pretty glum now won't he?

Glad I could bring a little comfort WB. Let's see how we go. One foot in front of the other. Don't look back, look forward.

Ask any Board Member of a listed business in this situation - due to all the aspects of what is likely to be going on in the background, it is best to say as little as possible. Certain matters are required to be reported but other than those, say nothing more. This significantly reduces the scope to make a grave error such as inadvertently releasing market sensitive information. We don't know who walked away from the JV talks. If the GGS is working as intended, COPL could be looking good as a go it alone producer at BFSU. The contents of the production update and forward guidance 2024 are key. COPL are not late in issuing the latter.

The CPR reports relating to Hurricane Energy contained very similar disclaimers. Those are public records so one may check them should one wish to. Hurricane was subsequently sold to Prax. The CPR was based and relied upon data provided by Hurricane. This was clearly stated.

I think 4 billion includes the warrants and they would need significant cash to exercise those. Happy to be corrected.

I am waiting for the 15th (likely update) and the end of 2023 for the 2024 forward guidance (as advised). Those are the next reference points as far as I am concerned. Personally, I've not forgotten that AM has over 180 million COPL shares. His quick action to secure CUDA and what it owned caught my attention. It may have caught the attention of the JV partner too.

What silence is that exactly? The Company has said that 2024 forward guidance will be provided by the end of 2023 and it normally reports on production on the 15th of the month. It's 12 December 2023. The Company has an oil company to run. It is not in a contest to find a new game show host.

Not likely to be a permanent loss of capital though. Frustrating but stayed focused. Nobody doubts the calibre of the assets. In addition, there is a good alignment between the interests of directors and folk like us holding shares. One foot in front of the other.

I didn't and don't assume anything Bob. I said it COULD be. Patience.

With respect Bob, we don't know what current production is. It could be well in excess of 2000 bbl/d. I agree that confirmation would be ideal. 15 December would be timely and consistent. Anything later or, worse still, no forward guidance before 2024, well, that would be very disappointing. For now, let's give Mr Cowan the benefit of any doubt. I think he is doing some good work along with Mr Gupta. I note that the aforementioned worked with the Chairman Mr Richardson in a previous life.

Penny stock? Penny stock referred to in a Reuters article 4 months ago with BHP and Newmont as major shareholders? Whatever you say buddy.

Why's that? Please explain why Solgold is 'in big trouble' if the share price falls below 8p.

If COPL had the cash (about USD 100 million total) from, say, an RBL or from a JV partner, all current debt can be retired subject to the agreed terms of the bonds or a subsequent agreement between the parties.

What about Mr Cowan, Mr Richardson and Mr Gaffney and the rest of the Board then? Are they overseeing JV discussions with a large oil company that are either bogus or not even happening? Mr Cowan quoted in RNS saying JV discussions on-going. Did you check Mr Cowan's CV? A solid, field-based oilman through and through. As investors, what reasons have we to doubt his comments? He's getting paid in shares at the moment not cash.

Can we stop please Tesla1? Solgold is giving most of us a sore head right now. Could you give us some light relief? Red can do what he wants. He's come up with many good things over the years. Nobody's perfect and caveat emptor always applies to buying things...shares included.

Can we have a discussion as to whether Mr Lasso might approve licences for Solgold before he leaves office please? Anything meaningful would be great to be a part of.