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Not a lot of talk of £1 or £5 anymore is there.
Have we really been diluted that much..
Lets get back to 15-20p.
then lets get some positive news.
Are we a going concern, if not then we should be valued back accordingly, minus the bond dilution,
then what 10-15p for starters.
It’s interesting how the company has stopped any of Arts “significant uplift to shareholder” comments, anyone else remember those, the way he talked for ages about production up and sp up and now look at us.. fraud comes to mind, at the very least spreading misleading information about the company.
But nothing for quite sometime, NDAs the excuse of course.
Would just be nice to get a casual interview to either set minds at ease or just confirm that they do indeed see its investors as scum.
Ha, stas, it would be quite something to learn the company was shorting itself, but they would have made a fortune…
But intothedeep I think is right, we have churned our way through yet more dilution.
Hopefully it really is a case of clearing the decks. Fix issues, clear bonds, do deal and start the rerate.
The thing here is that we are not a mining co with a huge asset we can’t get at, we are an oil co with a huge asset we can get at. The problem, just like a mining co, is the funding to capitalise and mining stocks always fly when the asset is found and then plummet over years as they try and get at it, permits & infrastructure also needed etc.
Cool has everything almost in place.
The huge debts and shares in issue ( soon to be consolidated ) should, in theory, coincide with a drastic turn in fortunes here once GSS working properly, JV concluded and production up, Which is why many hold still.
We continue to hope…
Another RNS & another drop in value.
Is the CEO shorting this.. but jokes aside.. Atomic was sold due to low production, Cuda similar, art bought them both and we now have low production and great debt.
But also a whopping discovery, but how much can truthfully be extracted, it must have been worth the risk.
But at what cost. 60p-1.5p happily trading around 15p before cash flow issues.
Some dilution but production and WTI up.
Are we all wrong about what the assets are worth,
Is it all really worth less than 3p?
The million dollar question remains.
Will we ever get a good RNS.
Know you've been here a long while too Panamabob, one of the good ones so hope you get what you invested and trusted for, the wait continues!
Haha yes you are right FG, my teeth are ground down to the gum lol. Nearly sold on the going concern RNS, with a view to buy back a few pence cheaper. it's just hard pushing sell with those big red - percentages ha.
Im very much hoping, that ( as i mentioned not so long ago ) the pain of getting CUDA alongside Atomic was was due to a much bigger picture.
It's been taken to the line, and im hoping we find out why soon.
Hopefully a seriously good JV and production up at capacity! though wouldn't be surprised of teething problems there as well initially, its a serious upgrade.
i do apologise to those who have been here as long as me. fully aware i've only posted occasionally and every time its been of frustration.
it's just i know this company should, could and can be good, its just to date everything we think it should do it doesn't and feels like its doing earthing it can to shaft us rather than support...
90% down on its price is just not good enough. no matter what spin you put on it, sad to say.
when they give us something to one happy out i'll change my tune. ive never sold a single share in all the years here ( stupidly!!! ) and held strong because ive always believed this company could do great things.
the problem is its done nothing yet of consequence, and by that i mean, go up in value rather than down...
god knows if you're all just bots, fakers or manipulators but i for one just have a substantial holding im down on, mainly due to being misled and lied to by art.
now show me 5000bopd and get back to 16p
( i was ****ed off with that price then!! )
anyway, onwards and upwards, not like we can go much lower is it.
At this rate our JVP will be a guy who sells road kill at the grouse burger hut!!
Sub 3p ffs how can anybody not be pi55ed off. Day in day out, always waiting, holding for something that never ever seems to arrive!!
Just do something to improve the sp ffs!!! even just getting back into previous lows would be a start, that’s not even making the so go up, it’s just getting back to basics.
I would sell in a heartbeat if I didn’t want to at least break even. This is had to be one of the worst run company’s of 2020 onwards. Sp fallen 90+%
Let’s see some action BOD!!!! Fix this mess and sort it out.
No wonder shorters glued to this share.
Having reread, I’m still not entirely convinced regarding clarity, grey areas aplenty!
Think this JV will surprise many with what happens to the company.
Some better more considered posts today.
Something crossed my mind, the JV has taken a good while now, and I wonder if it no coincidence that art has been backed benched by the “corner stone investor”
I think it’s very likely Art was about as stubborn as it gets, the LOI an away of saying we are keen but we can’t negotiate further with Art calling the shots. Perhaps this latest shift around is the last hurdle and that was reaching an agreement that Art wouldn’t fully accept, rightly, I imagine he wanted the best deal, but the reality in our position is that the JVP will know they can bargain hard against our current position and perhaps Art wasn’t compromising so was repositioned as part of the coming deal.
he may even take a section of the company as his own, perhaps take a portion independent.
Copl gets taken over and some of its assets bundled into a new co with Art at the helm again giving him funding through a free carry on the JVP drills.
The more this goes on the less convinced that this will be simply someone joining in. It feels more like an asset split and takeover to me.
But complete speculation obviously. Have no credible sources to justify those thoughts.
I do wonder if they will want to turn this into a private company.pretty sure know Art would now he’s sucked his fill out of his investors and his utter contempt for us all believing in his vision.
Reason being; we always get locked in a range that appears not be relative to fair value. Currently, this around appear to be very cheap, but if it was we would have educated investors and funds piling in here ahead of a JV.
That’s clearly not happening. And it’s a concern of mine.
If this was seriously undervalued, then why are we not seeing larger investment incoming. It’s perplexing when looking at the assets.
Either way, I’m pretty sure going private would require a vote.
Now, at 3p many investors would probably agree at 10-15p perhaps considering the current price. Is someone trying to get the company for dirt cheap?
It all feels ever so slightly contrived to me. The going concern, the capped production, arts salary hike, the consolidation request the price at which bonds can be taken, it’s all normal stuff but the way it’s been done here just feels very shifty to me not to mention the length of time this JV is taking.
It’s either going to be a very big and fantastic deal;
Or it’s going to be some sort of low ball offer / deal which continues this companies track record of bitterly failing its shareholders and who would be surprised, not many I’m sure. Certainly the market wouldn’t.
Understand some people may not be able to handle this sort of comment, so my apologies to you. it’s just simply pondering.
I would hope Boldlygo that that wouldn’t matter. Access, transport, logistics can be effected, but the actual engineering should be able to cope with expected temperature ranges, they know what winter is like and it would have been factored in for sure. It simply costs too much for it not to be.
It’s hard to imagine news, especially regarding the JV, it seems to be never ending.
Would be such a welcome surprise to get news that actually makes the sp go up!
Better still if the price recovers back to 10-15 first…
A lot of big money has come In above 10p here. A lot.
And that money imo is holding tight.
The subsequent going concern fear slayed the price ( on purpose imo ) for bond holders to short. It’s been played like a fiddle. Would seem a lot of bonds being sold for profit without any concern for the future of this company.
Sentiment here is low. Small time trades influence small daily movements.
Once JV concludes and production up this should be valued accordingly.
It would seem, at 3p this is still priced to fail.
Anyways.. let’s see what tomorrow brings.
If this new ceo doesn’t capitalise on oil now being above 90 dollars, I’m talking general sentiment as much as capital, the. He’s a big a fool as the last.
The potential output of the Atomic infrastructure could easily see us achieve 2000-3000-4000 bopd a day once the new systems are in place. Multiple new drills on top and strengthening oil price.
As much as Art is a fool my only hope is that he understood that he needed to own it all. He risked everything pushing it to the line to achieve that.
Nobody talks about Cuda anymore, that’s what got us into deep trouble. So I can only assume it was worth it.
And now, all the pieces seem to be in place, flaring, flooding, pressure management, new reserves and high oil prices.
If they can’t pull this out the bag now, then they are morons.
Surely this has been played, it’s not normal otherwise. The players have been playing this for sure.
And many of us have paid dearly for it…
But surely, with the assets now the JV simply cannot low ball us. We have to be worth 15-25p at least and that’s a serious downgrade from what this company have.
I’m only posting now not to upset the fragile ones yesterday during trading ( play ) time.. who think I’m actually getting ( 100% ) paid to post negative things. Jokers the lot of them.
Because the fact is, this share has sucked balls for years. But my god if they can’t turn it around now/soon then they never will!! The ducks have never been so lined up.
This should and could be something. And if it is, I really really hope we get to be part of it.
Well WTI up copl down, again.
Perhaps some encouraging words from our new CEO might help. Better still, some news that’s actually makes the sp go up rather than down.
Just posting this so I get my 50p lol.
Be nice to get paid to post but, no. Cheers to the fellows that actually know what they’re talking about rather than just jumping on the bandwagon.
Ill be the first to be shouting copls praises if it does what it should be doing. trust me.
If anyone would like to trust deadgrateful, currently 10 of you. would like to propose that I take full payment from you all. You have liked a 100% absolute no brainer win here. So, let’s do this. I will give you my friends PayPal account details and let’s say you all give a measly £100 each. I will give you £1000 each once deadgrateful proves I’m a paid “troll” ok. That’s 10x on your guarantee.
I’m more than happy to do this.