RE: AGM report17 May 2022 02:24
Our questions and the responses.
It been two years since Atomic acquisition, SP is approx half since suspension. When is BOD going to deliver value to shareholders.
Response, lots of uncomfortable moves from senior team.
We do not control the market , I know who you are and that you have lots of prepared questions. Social media is driving sentiment. COPL has been quite due to legal constrains.
My retort, but now CUDA is in the bag you can begin to improve comms. (I think coms will be improved going forward)
Art, what is your personal strategic end game. Build for production or build for JV or sale.
Response, Does not want JV at this early stage as they will want too much. Plan to build production and then in combination with the deep finds look for partners. At this time he is thinking of self funding the future expansion. (All good IMHO)
Share buyback and dividends, are they a medium term plan.
Need to obtain new finances before this can be considered as Current lender will sweep account and nor allow this.
When do we expect Ryder Scott to report their findings.
Estimated to be last week, but it seems they are aligned with COPL analysis Current thinking is one more week.
End of meeting.
Art came over to myself and Canadianoilsupporter, and introduced himself and the rest of the BOD, he thanked me for taking the time to come over and represent our thoughts.
Will not go into what was said, but suffice to say I will be maintaining if not growing my investment here.
Now time for me to find a beer and some dinner.
GLA
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