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Senior lending terms? But not necessarily RBL? So what difference would the terms be to what we have now? I thought the whole idea for changing lenders the last time was to enable us to achieve reserves based lending. If no RBL, then that last refinancing, with further dilution was a total waste of time. Just because it doesn’t state RBL, doesn’t mean it’s not.
‘With the possibility of more to come simply makes the negotiations hugely important for both COPL and the potential partner. Literally billions of dollars. I would be very suspicious if things were completed in short order.’ I agree with what you say Tonlin. But as Art stated in Aprils presentation regarding JV partners, “we’ve identified some and they are the right people.” Discussions could have been going on prior to April, possibly January. This would then be 8 to 12 months of discussions, DD etc. Hence why he was hoping to have it concluded by October. News might not be that far away
I agree with Jambo. It’ll just be “Art has missed yet another deadline!” I would RNS the works completed and possibly say production up but still stabilising and add plans for what’s next. But definitely leave out any actual figures or predictions just now.
Just to add to that. I think these posts should be appreciated as not everyone might come across them. I did think at one time that’s what BB’s were for. To pass on information between like minded, fellow share holders. Unfortunately it would appear all BB’s are useful for now, is to tell everyone how big a mistake we’ve made being invested in x company and how we’re all doomed. That we should have listened to these posters, who did in all fairness predict said outcome….10 years ago!
To be fair. Whenever I read Opulence’s posts I never once think ‘fkcu me! This guy is knowledgeable’ I always read it as though he has taken the information from somewhere and posted it here. No offence Opo, but that’s how I read it.