Member Info for Solo1

Do you know why a raise has been done if we have the diamonds, also the directors purchase, not small change but a quick sell puts him a nice chunk in the bank, not saying he will sell.

Cheers

What I don't understand, is why would people want to lend to a liar, mind I suppose its the asset.

Another crook like FRR, lost a crap load in there, and the other initial crook in GKP in the early days.

Oil ound in the falklands, next day water. These people get away with it day after day on AIM.

Anyway, good luck to all who he coxed in, crap load of oil and no one interested, if they where we wouldn't be here now, pile of crap.

Even if someone did buy us out, what is left after the debt.

After all this time, and the crooks gone, what's the bet the diamonds have gone as well with them, any checks been done by anyone aarrgghh fingers crossed the there and in our favour.

Ffffin useless crook as well, snoozing up and tipping his buddy crooks.

Not too bad, looks like it's a touch higher than our price, mind depends who you currency convert with, I think it finished about 19.8p, or close to it, he says Lol.

Many thanks Woody.

Honestly or a wind up, what does that translate to if true on the exchange rate, thank u

Anyone have an update on Canada today. Cheers.

Spotify, what a complete and utter kcirp you are, there has not been negativity from me, its gaining an understanding information and what it means, or what I don't like many understand. If you fully understand all the details please enlighten me, and a host of others.

If anyone would like to understand this better and what it fully means, then hopefully Spot the p r I c k could explain, as it seems I like many on here understand bits and pieces but not what it all means exactly.

I am in and hope the share keeps going up, I'm not a ramper or de-ramper and unfortunately at the moment my average is 26.002p. We're you like the many telling everyone it was going to fly next week over a year ago you BONK JOCKEY

So go clever b o ll ox explain what it all means, and this is why the board is toxic due to people like you.

Convertible Terms



Terms not defined in this Announcement have the meaning given to them in the Convertible. The key terms of the Convertible are as follows:



· US$25.2 million aggregate Principal Amount between two series of bonds of $12.6 million Principal Amount each, denominated at US$200,000 per bond (one "Bond").

· 24 months maturity for one series and 36 months maturity for the other series (each, a "Maturity Date"), expected to be issued on 25 July 2022 ("Issue Date").

· 13.0% interest per annum in cash. Interest will accrue and increase by 0.75% each 3-months until COPL gives notice to the Bondholders that it shall henceforth pay all interest coupons in cash ("Cash Payment Notice"). Interest will decrease by 2.0% per annum, and no further quarterly increases will apply from such time as the Company provides a notice that it will henceforth pay interest and make whole payments in cash.

· Issue Price: 78% of Principal Amount.

· Maturity Redemption Amount: 119% of the Principal Amount and all accrued but unpaid interest.

· Bondholder Early Redemption: 119% of the Principal Amount, all accrued but unpaid interest and the relevant make whole upon certain events including fundamental change of control or event of default.

· Issuer Early Redemption: 114% of the Principal Amount, all accrued but unpaid interest and the relevant make whole in the period from 6-months after the Issue Date to and including the first anniversary of the Issue Date (and thereafter, at 109%), subject to the Parity Value of the Principal Amount of each bond having exceeded US$260,000.

· Conversion price of 16.75p, being a 5% premium to the 5-day volume weighted average price of COPL's common shares on LSE prior to signing binding terms with the Investor. The Conversion Price is US$0.2001 based on 1.19480 GBP/USD FX rate as of 4pm London, UK on 21 July 2022. The Conversion Price will be reset to 13.25p (US$0.1583 based on the aforementioned FX rate) if, among other things, an RBL is not secured five months from the Issue Date, or on the twelfth month anniversary of the issue date of the Convertible.

· Unless previously converted or redeemed, each Bond will be redeemed in cash by payment of the Maturity Redemption Amount on the Maturity Date.

· Warrants expiring 30 months from the Issue Date shall be issued to the Bondholders, providing for the right to acquire an aggregate number of 54,792,590 COPL common shares. Each Warrant is exercisable at 16.75p.

· General terms for the Bonds and Warrants include standard features of EMEA convertible market including anti-dilution, change of control, short-selling restrictions and customary closing conditions .

Hi Tand

So basically we have 3 months to pay any debt off, in the meantime we

1. Pay monthly intrest on the Bond untill we pay it off.

2. For the loan we are still issuing equity even when we pay it off, but not as many shares if we clear the debt completely in the 3 months.

3. The bonds can't be cashed for shares etc in that 3 month specified date.

That's correct is it, cheers.

A convertible bond is a fixed-income corporate debt security that yields interest payments, but can be converted into a predetermined number of common stock or equity shares. The conversion from the bond to stock can be done at certain times during the bond's life and is usually at the discretion of the bondholder.

Then again, you could say when he says not without its complications he just means it's not easy putting the report together!!!!.

All will be revealed soon, one thing for sure, the toxic on this board will continue either way.

Watch the video again, I would say it's large but not as large as as COPL thought it was, also with complications, what do we think that/they are?.

All who watch the video will interpret it in there own way, that's mine, but it's the complications I don't like.

Cheers Ed

If I fully understood it I wouldn't be asking. This is why these boards get toxic, people who do understand just do it in ridles, just plain and simple bullet points, again still none the wiser, and you could of just answered my last message simple.

No need to reply, will come back after the RS report and see were we are. Yhank you.

Oh come on, anyone can see that. Who does a video and states that the RS report is coming and they agree there are big numbers but not the same and with complications, why say that????, was it to get a drop in price, or just stupidity.

My post was about RS report, that was no 1 close/inside of the company, just a friend who was invested but knew the report would be done, but no details of it.

Hi Ed

Thanks for the reply but none the wiser on most, so, can we pay all the loan of possibly by a certain time, and no more shares are issued etc in relation to this loan only, or, are we going to get shares issued anyway in relation to this loan no matter what?

Thanks in advance.

What contact?. Subtle de-ramping? I may not understand the information, but watching the video our numpty leader done fully staes big number but complications, unless you are on Mars and never watched it.