Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yankee99v2
Just researching the thead on May and came across this, which or may not be relevant.
See https://gb.wallmine.com/lse/copl/officer/2046289/richard-mays
What is the salary of Richard Mays?
As the Vice President - Business Development and General Counsel of Canadian Overseas Petroleum, the total compensation of Richard Mays at Canadian Overseas Petroleum is GBX340,900. There are 1 executives at Canadian Overseas Petroleum getting paid more, with Arthur Millholland having the highest compensation of $384,800.
Richard Mays biography
Richard Paul Mays serves as Vice President - Business Development, General Counsel of the Company. Dr. Mays has been the Corporation’s Vice President, Business Development and General Counsel since September 2014. He has extensive management and leadership experience in oil and gas companies. Dr. Mays is a Non-Executive Director of Prospex Oil and Gas plc and a Director of Sallork Limited and Sallork Property Limited. Dr Mays was Executive Chairman of Black Star Petroleum plc from November 2012 to January 2014, and Executive Chairman of Peppercoast Petroleum plc from March 2010 to April 2013. He was formerly Professor of Law and Deputy Dean of the Aberdeen Business School.
Nigel Is a big problem for me, resigned as a director but still an adviser. Oversaw recent debacles at Dvrg and Msys-SPs trashed, companies suspended, assets being sold to private companies run by "friends" for €1. Look up BB on Dvrg and Msys. What's been delivered by Mos in the last year apart from SP falling 50%? Not into ramping/deramping, prefer factual stuff.
That's just another noisy BB, where's the direct link to what Richardson actually said? Jeez...
New poster, 2 posts....
Maybe they believe the waffle about Copl's Richardson who went to Bristol University, being the same/part of the billionaire Richardson family in Canada :-) New poster, one poster, Canada blows hot, we jerk in excitement, it's all eazy peazy :-)
Errr...guys, what about my question? :-)
"Current MC £12M, SP 1.7p. How difficult is it for a "group/AM" to get 50% for next to nothing? As a non oil/finance expert I'd say pretty easy, but happy to have facts and logic argue me otherwise."
Current MC £12M, SP 1.7p. How difficult is it for a "group/AM" to get 50% for next to nothing? As a non oil/finance expert I'd say pretty easy, but happy to have facts and logic argue me otherwise.
Tiburn and fellow sensible posters,
I just don't get the continued SP fall of a multi $bn, RS confirmed asset, even with a short-term cash risk. The ability to produce today or tommorrow is proven, a lot quicker with a JV. If I had a multi £m house needing a bit of work I'd have asset based lenders queuing to lend, irrespective of my credit risk. Something smells and I keep going back to Anavio, AM and his sock/sahcking CFO. We're all gamblers on Aim, so what % odds we giving on the SP being 12p by end of Jan and say 25p by end of April? Only sensible posters need reply.
"But what intrigues me the most, is why a team of 20 or so Cayman Island financiers would want to take over a small oil company."
To then sell it on? Could the financiers take it over, maybe even go private, then sell it on to a large oil company and divi the proceeds with AM and family and CFO, who possibly helped arrange it all with Anavio?
Hi Stas20, why are you doing the analysis, what do you think it might show?
AM might be good at sniffing out oil but given his leadership, management and delivery skills to date, I feel very nervous that he is in charge of "delivering" the JV. Why does he have to be in that position if he's been sidelined? As President he can just turn up for the signatures. And claiming the glory if he wants to. I remain uneasy with him still around. Can anyone clarify why he's necessary, I'd appreciate sensible thoughts. Thanks.
Can a "ruthless" hedge fund/finance company create a structure to simply milk a large asset, until the cow drops over exhausted? Manipulate the SP to make x£m every month (ongoing revenue stream) as opposed to being totally positive, getting SP to 50p whatever ASAP? I'd personally do the latter but I can't understand the low SP versus large asset, whatever AM did? Do we have a machiavellian minded finance person in the house who might help? :-) :-) :-)
Good post, I agree FF.
Why do some people have a problem with him/her? You might not agree but his posts seem quite thought out, what's the issue?
Why is it hedges "always go short"? If assets/everything is good, why work to suppress SP by going short, why not simply go long and relax? I don't get this constant comment about shorting?
Can we focus not on who said what and when, but what we think the next RNS will say and why - sensible reasons as to why this or that? Facts dear friends, facts, not hot air. I'm now a despairing LTH.
If everything is going to be ok why does the SP continue to fall, doesn't make sense? "The market and insiders" know something coming that aint good for us, that's the only logical thing I can think of.
I don't understand why the low SP is solely due to traders and shorters? If everything is going to be good, as I sincerely hope so, why wouldn't traders etc go long? They take the down pressure off, SP rises and keeps rising as the good news flows? Everyone can sit back and relax, what's not to like? Why work hard to suppress the SP when you can make equal or more money going long? Or am I missing something?
Originally invested 2021 and averaged down ALLLLLLLLLLLLLLL the way to August 2023.