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'Utter nonsense. Keep your head firmly in the sand.'
If that's what I should be doing, can you explain why I can only see two sales? The rest are bought, my friend. Is there anything I said that is wrong or incorrect?
They are moving the spread to hide the buys and any other trick to distort the market. LSE would make belmarch prison look like Butlins. would not deal with this market until it is fixed more money to be fairly gained in the states without the tricks here.
Shaa we have been looking at the shares being moved from the Pi's to the big buyers for the past 6 months or more.
I have many a time got a quote for 1 mil shares.
Remember this was a company with 92% of shares held by Pi's and now Looking more like 43% getting near?
my ears have been told keep the faith this is going to be big but orderly.
This is just a quick update on the Nigeria situation for those around for more than a day or so.
I was in at the time and had information regarding the investment, which I did release to the BB and said back then
we would be waiting for some time to be able to develop the field; from memory end of 2021 Isurgested. Being, in Nigeria this has been put back once again, and now my thoughts are late 2023 or early 2024 for several reasons, but all information is out there. For those that are interested, Interesting timing, I would say.
This has been my thought for a long time Tiburn. I didn't think we would have to spell it out. It's so in your face.
But it does say where the BH is at, and I think they have **** all over AM after he had done the deal for the bonds and the SP is the result.
I believe any loan arrangements were approved sometime ago shaa and have yet to be excepted they were different times . The reason for this is probably due to lack of proven reserves, hence the delay while we progress with work to increase the P1 reserves, no sense committing to a loan that will be insufficient in the near term. The metrics have changed with interest being paid on any such loan being far higher than would of been expected, draw down of any loan may have had an in-packed as well, as many loans have been approved, waiting for funds to be available subject to original loan terms and therefore for any changes to that would take time and proof of P1 reserves. AM at the same time playing a waiting game to see if any further opportunity can come to increase the company value via P 1 and P2 reserves, I noticed from the report he’s not interested in possible reserves making it quite clear to me anyway that the report is for a JV or the bank.
We LTH need to hold on for resolution of the business behind closed doors, the oil will come out the ground at some point, and AM will be looking for the best outcome for him and therefore the investors, there’s so many roads he can take but all have dollar signs written on them.
The moment that COPL set out to buy atomic and Cuda and then found 1.9mbo in place on part of their lease, and being predominantly owned by private investors, it was always going to be how they transfer the majority ownership and the profits to the sharks. At the moment and over the previous 12 months seems to be the long-term holders are standing the ground, even with all the paid intimidation that we see on this board.
It’s unlikely now anymore. PI is selling at this price, so come on AM don’t make it look too obvious get the news out.
I can see after looking at the trades this morning, the same day trading trades we have been seeing the past year, so it does appear what’s left of the private investors hold here Is not going to change that much? The long-term holders here know what they’re doing,
As I said he is waiting now 6 weeks for a draw down date I believe Lenders properly Canot give a date but the good news is it would be on the same terms previously agreed before the hike with a bit of luck as is are buyer.
Looking at the trades, day traders trying to bring it down, MMS paying more than they should do, expect large buys at close. These shares are becoming more sticky and would suggest next week will be the final week before loan agreement draw down date set, after all they have paid the fees but like many waiting for draw down date since December week one ,not Arthur’s fault it just the way it is, and would explain the RNS, and the way it was done, still waiting for our buyers draw down date so can understand.
You could only make suppositions on the decisions and direction the company is going in.
Arthur is telling you what he’s doing, he’s trying to get every barrel of oil out of the ground and into the bank the cheapest and most efficient way while riding out the sudden change in finance costs.
It’s my opinion the offer is not what He wanted and he is proceeding To increase the value of the company by opening the six Wells, and of course if these do produce the oil in the quantities being touted or even better, this would finance the discovery Wells which in turn will make it self financing. slow but sure.
I would think Arthur sees this is his last chance at the big time, and Is taking no chances both with takeovers and Finance If there’s one thing in this world that is constant is that there’s always something around the corner and Arthur isn’t going there, it’s his baby and that he’s going to do it his way. And he’s not the only see CEO is walking the same road.