For me it’s only about the facts. The history and what’s been said by the company.
Arthur, over the last 3 years has in my view misled investors maliciously, including, but not exclusively, lying about not doing a placing, then doing one literally a week later… saying 5000bopd 2 years ago from Atomic alone & promising to deliver significant share holder value after suspension… we came back around 60p.. now at 5p.. A small selection. Oh and let’s not forget the not needing any more finance talk when we got Cuda.. . only to then do another placing... So I think it’s safe to say, the man has misled and screwed us a lot.
Can anyone name a single thing he’s done to date that’s been beneficial?
Discovery, and then the RS report, we went down,
Gaining Cuda, we went down,
Getting Atomic, we went down
We are actually worse off when we only had the hopes of Nigeria which to me is totally bizarre considering all that’s happened.. Which is why, anyone who has held a year or more is understandably very sceptical and concerned.
Yet we’ve had some large TR1s, there’s glimpses of hope, the facts remain on our assets being substantially higher than our current mcap… We’ve not been told the JV is not going to happen, we’ve been told production is on the up and being optimised. So plenty to be hopeful for ( as we always seem to be hoping here as a default ) but just terrible terrible coms and more uncertainty due to this consolidation talk, yet zero explanation why it’s totally mental.
He needs to do an interview and clear many of the current issues up and steady the ship, like a genuine CEO should.
Imo.
I mean they’ve just said they want to a consolidation Finwit? And normally that means dilution 9/10 times?
I disagree. I think the banks would lend to us.
Which is why, in part, resolving production has and is key. And the indications are that that is in progress. As regularly stated via the company. I expect to production to increase significantly and quickly once GGS in place.
The banks won’t be as keen to lend on good terms on the discovery alone. There is no capital return on resources in the ground no matter how big.
The JV seems to have become a total unicorn however and personally I find both the proposed name change and consolidation concerning when we have no idea for the reason.
And I’m sorry, saying it’s to attract investors seems to say, we don’t have a JV anymore so we need to raise cash.. which is why the man needs to talk to us asap and communicate properly!!
I just don’t see the logic to why we need to consolidate at this stage of, supposedly, closing the JV.
Surely, JV first, prove up production figures. Deliver on promised and adjust sp accordingly.
Then Consolidate.
Otherwise, if we consolidate before RBL, JV. Then we will know that it’s all been a lie.?
art needs to do an interview or the votes will be a no.
why would we need to consolidate to attract new investors when we are still, supposedly, negotiating rbl or a jv??
why, there would be no reason. if there is, then he needs to talk to his shareholders and let us understand the truth of the situation. otherwise it just looks like more rinse and repeat and more fuel to the jv being more lies.
i will be voting no if he can’t be ****d to update us.
I’ve been here with bob a long time, his tunes the same as all the other LTH. Sees the potential but after years and current low sp, understandably concerned / annoyed as the rest of us!
New posters should read up before making stupid comments about others.
I really think he needs to an interview and put a lot of the unknowns to bed. It’s no wonder people wary and confused.
To date all he’s given us is less value. The company value has plummeted and if he is indeed working on a truly transformational deal he can be far far more transparent.
I don’t mind holding for the long game ( my reasons for investing here ) if the eventual outcome is clear and the path is explained clearly and the progressive developments documented and communicated with transparency and honesty.
If we need to raise along the way that’s fine, if the sp drops that’s fine, as long as the onward journey is clear.
The problem is he holds us all with total contempt, has zero respect for his faithful believers and treats us like children.
If this consolidation and name change is for the best and will result on us recovering our crashed sp then damn well communicate with us and tell us the truth.
I don’t want to hear about NDAs!!! he can still do an interview and tell us how the company plans to recover the losses, his thoughts on the recent share collapse and address the very obvious dark cloud that surrounds the situation.
The more this goes on the more I worry the guy really is just bending us all over big time.
Hmmmm. Strange response.
To attract institutional investors.. well do that by increasing mcap and production rather than broken promises and constant dilution??If a JV is real then then a consolidation not needed to attract investors surely??.. not at this stage.
I just hope he understands investor frustration, only a few are rude, most just feel let down and led astray.. many just want the company to do really well.. just hope he knows this..
End of the day, it’s the broken promises and under delivering to date which has caused all of the anguish.
He really needs to get the JV over the line and improve the situation if he wants to attract institutional investors, if the sp goes from 5p to £5 and remains the same old finds and repeat fleecing it won’t attract anyone!!
Results, production, delivering promises, making profit and showing he can return value to his investors!! That’s how you attract more investors!! Not just snake oil and making up bloody numbers.
indeed shaa
Certainly seem logical Gazala.
Consolidation would fit with Arts anti trader cabal rhetoric, and a name change seems pointless at this stage unless it’s to do with merging with a partner.
Certainly hope so,
Again, if we look at the previous RNS info.
Due diligence, ongoing negotiations, put us in a stronger position for negotiations, progressing talks etc
Then we get a cash boost, cracking on with upgrading and improving production and now a consolidation & name change circular..
We’ve been hammered, but maybe closer than we think to recovery. At least, I hope.
Yeah turning, as in a change of direction. As if you went one way then moved a bit to face another direction, or if you imagine a the plate spinning on the clown nose on your face rotating.
True bob, news has slipped out before. The placing one the TW hinted at was one to be fair!
Very much hope we’re turning a positive corner, so personally looking forward to hopefully some really good news flow and recovery of our demolished sp.
Seagul. You’re making a fuss out of nothing. And postie just choose a user name from the group and say it’s you :)
If our grandparents who served in the war could see what utter crap this generation cry about they wouldn’t have bothered fighting so hard.
If it’s insider info, Art wouldn’t share it. If it’s generic and inconsequential then it doesn’t matter if it’s shared… it’s the internet.. it’s what happens. If it wasn’t meant to be shared then it shouldn’t have been shared but the original poster.
Telegram group just as infested with the wrong types as here.
The only info that matters is official and reported via the company. All else is speculation and opinion.
I think all of you are assuming too much.
The process of the JV is on going and this has just been announced in parallel and unexpected.
Arts history is doing him no favours. Everyone rightly so is suspicious and worried. The sp decline and broken promises the reasons why.
But I’m not going to be burning any energy speculating something we will surely soon find out. What will be, will be!
Arguing over opinions at this stage is a waste of time.
It’s equally possible this is yet another stitch up as it is the final stages of something that could prove really good for us all and the company. Time as always will tell.
After all this time, just once, it would be nice to for the long suffering shareholders to get a change of fortune for their faith and trust in the company.
The consolation would be perhaps more concerning if it was just that on its own! as it would be more suspect to yet another fund raise ( as they all are! ) In this case though a consolidation would more likely be to curb the smaller day traders working the price. Low volume days can be controlled by a consortium whether you want to believe it or not.
Also the consolidation is along side this sudden need for a name change. Copl is pretty new as it is, but it’s grown in assets recently, but doesn’t warrant a change of name logically.
So we have this name change and consolidation at the same time as, supposedly, negotiating a JV. Which logically given the time since first noted, could be drawing to conclusion.
( I wonder if they also commissioned further validation of the discovery )
To me it certainly seems to all point to us concluding something and you would be forgiven to favour the idea it’s to do with the partner and aligning interests.
Looking at the RNS information in linear order it does seem to simply suggest the process to getting a partner or takeover of sorts and growing, working and increasing production along the way & financing solutions along the way.
In that basic sense the latest news does seem to be part of that continued process.
Well I guess the info is vague, anywhere up to 1000/1 that alone creates 1000 different views, and a change of name, one thing COPL is very good at is being incredibly vague and creating mass speculation.
I feel that Arthur has already got his own back by reducing our holdings by significant amounts. I’m hoping that his next move will be to prove that he is and has been working on turning us into a real company and deliver on his promises to us. It’s been a long road but I hope he wants to he seen as a hero not a crook. I hope so anyway.