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How quickly and how you reacted is telling Uncle T?
Yes what did happen to 5kpd pathway
Topside in place and funding for $500k per month to begin to ramp up production of a field capable of at least 2700 per day.
Nobody would make light to the subject matter you referred to.
So why bring it up. Was anything found or not??
Full investigation required on activities COPL related..
GFY
Despite his procrastinations about saving PIs, he was relentlessly posting, (often under multiple monikers -BaggyMcBaggy etc etc.) about how the company would fail under the pressure of bonds, in fact how the company would fail at every opportunity no matter what it did. (Never once giving a positive opinion on new CAPEX investment and new additional funds provided by Anavio that were, "on the face of it", designed to give COPL breathing space into Q1 2024.)
Some may think that he was part of a concerted shorting team, constantly spouting negativity and completely clogging up the board with his masters view...driving the price ever lower.
Anavio have a lot to answer for, and anybody who is associated....with information on the inside??
Why did they give $4.5m for GGS at 4p (Only to forward sell via third party driving the price to 2.6p)
Having got the strike price to 2.6p. Why then did they provide another $4.0m specifically to up the injection rates and provide COPL with OPEX out till Q1 2024.
Why did JVP walk after 1yr of negotiation. Why "chat" for a year to suddenly walk away after recently signing LOI??
Now Anavio have provided another $2.5m at a strike price of £0.0015 to stop any covenants being broken, whilst simultaneously appointing a specialist in company wind ups and asset sales...and then proclaiming no more NGL's are being purchased
What was ALWAYS needed was more oil production (2.5kpd) to get the company out of this hole, but is seems at the point of nearing that "euphoria that I and most other post Atomics, invested for" the rug was pulled-- AGAIN--.
This does need investigating, and RBMs endeavours have to be commended and fully supported.
As for any apology, Nameless, you can post all you like, you will get none from any supportive poster that seems to have been lied to. And had the rug pulled from them at the last moment
Production was key to all.
Why has it been stymied recently, by whom, and for what reasons???
NNTR
Wind your neck in Sparkz.
Hindsight is a wonderful thing. We were all taken in by, the 'Art' of what was possible here. On paper the assets looked good.
Reading Stas and Bobs list of COPL failures below, it seems clear we were lied to throughout. But as an investor who only wanted the price to increase, I did not particularly welcome posters who continually tried to lower sentiment,( imv perhaps to aid their short trading position,) and tried to counter their negative narrative.
I am pretty sure that most of said, "positive crew," are severely underwater and are also hurting like every other LTH!
Anyhow, lets hope that this is just a game of brinkmanship that's gone wrong between the moneymen, and something better will happen in the near future.
GLA
Not a bad day considering prior to yesterdays RNS most thought this was going belly up.
IMHO the main players wish this to continue, as so much has already been invested in the mine construction and the assets seem great as Glencore would not take such a strong stake in the company if the raw assets were naff.
I guess with the big drop in October most of the damage was priced in, and with the further sp fall till yesterday made it an attractive price to buy in at.
PS the BID is rising with each small sale. Seems MM are keen to accumulate today...