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Now would be the perfect time for Nigeria news. I agree with LB28 let's hope its all been done. Let's face it something strange as been happening with sp no ramping but with what we have alone should be 1p . So maybe this is the reason sp is crap
Haha Sub nice one , totally agree what a melt ! LB cheers pal good to hear all is not lost from your point of view, although good posters like Caw Caw dont seem in favour
I have to say, so far on every single stock I've followed, every single one, when investors say 'the market won't take it badly', the market takes it badly.
When investors say 'there might be good news to coincide with and counteract the bad news', there is not.
When investors say 'it may be a misunderstanding, we might not be getting screwed by the CEO', it's not a misunderstanding...
However, this stock has enough going for it, and seems undervalued enough, that we may hope it becomes an exception to the above. For the CEO to act to knock the sp down from here, after all that's happened... I'm not sure I can see it making sense strategically even in the most ruthless mind, and I don't think the Zak Mir interview was acting, I think, as he said, that they expected the share price to reflect the value. Hope so anyway.
Have no issue with consolidation or if he places to expand whilst we continue to profit from inflated oil prices.
Cuda is well worth the effort
Either sell and buy back if it drops, as Tiburn says, or ride it out and top up as we grow
I cannot imagine that this notification is real. If that were real, it would be a lawsuit. It would have massive legal ramifications for Copl and AJ. Such serious news must be published simultaneously and accessible to all.
I am no expert by any means but surely we cannot have a ceo who is so incompetent that he does a placing when the sp of the company is a quarter of the mc. I support consolidation to bring us to a share amount that is reasonable and gets rid of all the goings on currently. I would expect him to deliver rns’s that drive up the sp to a reasonable level and then place if it is to further grow the company. I think that there are too many scaremongers on this bb that are either in too deep or deliberately sending confusing messages: you know who they are!
Aslong as we dont drop below 0.30 im happy to play it out !
As said a few times yesterday if we are still sitting here the end of the month
on the 1st of October we will be 156.4m shares 32p and MC £50M as we are
today
All we can do now is wait and see what Mr Mushroom has planned, it could be
as one poster said another not to be missed deal or simply to implement other
plans with the next level of REAL Investors who will assist in the companies
organic growth and look forward to "holding" a substantial portion of the company
with majority profit taking and de-risking via dividends in the pence from copl
once or twice annually
Those REAL II/Funds will want to see a more attractive share structure and a rising
share price, set to be pulled back only once or twice a year on dividend payments
then rise again
For me getting rid of Riverfort was a good signal , moved up a level of scumbag lender
if consolidation is to now get rid of those lenders for a direct core INVESTOR then that
is a great signal to the market and will attract like minded institutions making the
share very sticky and difficult to manipulate and rises stick not spike
So few shares remaining in free float due to Real II/Funds holdings and those of genuine
long term holders also sticking around to reap similar de-risking dividends year on year
for a already de-risked sliced and retained in most cases freebie holding
They can then just sit back an grin while the others scramble on the next news event
Main Market Listing for a reason and its not to continue playing AIM where's the
overvalued spike going this time, knowing at least a couple of new placings and
or another consolidation is just around the corner with still zero achieved after
75-100m in placings/loans etc and remain with zero revenues and YA/RGO on
the books
with the ceo and bod fat and happy and only talking to the lenders with statements
like we are delighted that current shareholders (not) and HNWI (mates) have remained
supportive of the implementation of our plans for................
See this week what his reasoning or excuse is but if it results in next year say 250m shares
in issue and a £500m MC company £2 a share from your consolidated to 32p shares and
a 2p dividend chucked in we will all doff our caps and bow to King Arty lol
:))
To quote HFB
"so a 100-1 return at 32p ish as they seem to have nailed us down here
Then do they let it climb with a figure in mind for perhaps a raise for
taking cuda or whatever with 156m shares in issue
so a 20% dilution 31.2m shares would raise around £10m
or 31.250 m Shares at 32p = £10m
OR
as have seen on other better consolidations they have let it rise before the
raise with a figure in mind , all to a sticky investor not a wonga lender/dumper
I guess we find out this coming week
Still stuck here at 0.32/32p or News recovery higher price Investor let in with
a substantial discount to market price but NOT A DUMPER fingers crossed"
Who is categorically stating a placing immediately after consolidation.
Smart money on letting in Big guns then place
I am not for consolidation as I have bad memories, apart from OXB who were climbing with good RNS's .
With VAL they just keep having them to raise money , the SP drops as soon as it's sorted and with more room to drop it just keeps dropping. Through the consolidation's that VAL have had I now need the SP to be £2.50 to break even and it's only in the 20p to 30p range. Consolidation, NO THANK YOU
One of the benefits of Main Market shares is once settled, unlike the HELLO flag waving
sudden large spike rises the draw in the herd etc, many a Main Market share goes quietly
unnoticed as it does a slow rerate for weeks and even months
A little 1% to 3% day in day out , never showing its face on the leader boards, have missed
a few myself having had half and eye on a previously held share just browsing through the
listing shares price low to high in individual sectors on sites like Shares.co.uk etc
Spotting one that since the last time I did a trawl to look for potential next undervalued
with actual prospects investment has gone from 10p to 50p quietly in the background
My plan remains the same , was always looking to slice at 1.5p and let the rest ride year
on year looking for the same growth and divi's as the fund will
Now it will just have to be £1.50p and wait and see lol
:))
know the two well m8 and not remotely similar, they suffered the same fate as many
expensive pharma developments and very little income, still had to rely on the
survival funders
Copl has REVENUES that grow week by week and will result in annual revenues of
many millions to a point where it becomes self funding and pays dividends
Pharma's are like a wildcat exploration company , ever looking for the one that like
an Oil strike will make them millions or billions from a worldwide sale via a top
10 company like Johnson and Johnson or AstraZeneca etc
Its the basis of 90% of the market these day SURVIVAL FUNDING until you become
revenue flowing and cashflow positive so can leave it behind
Has been the pump and dump survival market since the late 90's a unfortunate evil
ever since the Banks and Top Financial Houses pulled right back for those same reasons
losing money with too many rainbow chasing ceo/bod companies going tits up having
supported with many loans and heavy debts now not going to be paid back
Enter the new Evil companies like YA established 1999/2000 if I remember and have had
multiple name changes since (protecting their innocence lol) last 2 Yorkville Advisory
Partners changing to YA PN II most recently
We are in a position to leave that wild west casino behind and join those with OTHER
options as with the loan deal for Atomic, I for one will give Smary Arty Pants on Fire
time to implement his long talked about growth plans or at least until he sheds some
light on his latest broker based RNA message lol
:))
Come on Arty give us a red dot Monday that will raise a cheer in London you
can hear in Canada
something that screams DIRECT equity investor not DUMPER coming
With some price moving operational news thrown in , have no problem with you
getting us 30-50% higher, then giving that as a discount to a solid D.E Investor
and core ShareHOLDER who's name alone will cause a riot and give them and
us a 200-400% rerate lol
:))
AM could have consolidated at any time since relist.
He chose now for a reason - so whats that reason?
Most of the big sells gone now, volume decreasing could have been the trigger.
surely the SP doesnt matter in consolidation, only if there is dilution following so would benefit from a rising trend
He knew there would be churn, didnt expect it to last this long or no value whatsoever assigned to the MC, nothing it seems is priced in or believed.
So II roadshow, no big buys for a while indicating II joining following this - so either the asset is not as enticing , AM sales skills not as great or they perceive risk of further churn/not willing to join at 0.3p as lokan outlined. The only solution to that is consolidate.
Less shares in issue sloshing around, those being more tightly held with horizons much longer than a trading afternoon. Positions held for the company strategy to evolve, all is on track so far, better than expected performance in MF, with the Deep discovery being the cherry on top.
If Deep has lower horizons to exploit, more likely also BFU and CC have aswell - all adds to potential reserves in time and what ultimately the company may be valued by.
Consolidation is what it is, leaked on a Friday not ideal but it wasnt a dilution notice - there may not be dilution on the back of this, AM needs to get the II on board and move up in value based on what he has got right now - not stall the rerate by immediate dilution.
He has about $20m-$30m in bank plus accordian - more than enough for the CUDA WI.
Based on MF curve, he could have 7000 bopd gross by Spring 2022, revenue pays off debt plus allows exploration and infill drilling - there is no rush needing dilution now, much better for next stage of development following this foundation in place and MC true value gained, dare I say a PE as per COPL peers, PE 25 average in USA O&G sector.
Can i just remind people there has been no official announcement of either a Placement or consolidation.
Also what are the consequences of Ajbell releasing this info early if true?
Should be an RNS one way or the other on Monday.
I feel some buttons were pushed inside individuals by the word PLACEMENT.
A few days ago lots were saying we need consolidation.
Personally I am all for consolidation but as you say Evans, let’s hear it first officially.
If consolidation does get confirmed then why are people so fixated on 100-1? If Art goes for 100-1 then we end up with 165,000,000 shares in issue. Seems like a small number to me for an oiler. Better I say at a lower consolidation level to get Canada away from CAD $0.005 trading and London into the 20p’s.
Why buy out all of CUDA and their 28%? I say it is better to leave them with something and go for just 18%. Lower costs and cash out to COPL. Keeps them alive so we can do a deal later on but has them paying a nice price for the use of our pipeline thereby subsidising COPL oil flows. If we get the 15% CNOOC as well then all will be nice.
Will we ever hear about any new proper investor anyway. Can anyone tell me the name of the HNWI guy and the name of the $40m+$20m loan company? No one can, because it is ‘SENSITIVE’ info!!! A proper investor please Art.
Still thinking that the TWO near 5% holdings in COPL are possibly CNOOC International holdings. They took a 15% holding in the acreage before so why not take a 10% holding in a Canadian company. Could get their Wyoming exposure back and also have a free run on the great potential of OPL226. Sounds like a nice fit to me.
Evan
pretty safe to say the consolidation is real , the message holders have got is it IS 100-1
and effective 1st October
The vote that was taken was only to put a possible UP TO 100-1 Consolidation on the books
that could be 25-1 50-1 or the max with no definitive if what when to proceed
The AJB reads pretty definitive
Why being done now is the words we need to hear, options on that one, yes a placing
but could also be just to make more attractive to a real shareHOLDER for investement
via direct equity which would be brilliant if he has pulled it off
Yes it would still be dilution but limited and a core investor that will make the share
sticky and usually attract other partners that will help Market Growth not hinder it
Until Arty shines a light on we mushrooms with the meat and bones of why now
and for what purpose will we know if it should be looked on with favour by the
market as value accretive or just another here we go again
Hoping is Hoping the restructure is for a better class of deal leading to a substantial
rise and future funding by higher price funding for lower volume shares becomes the
order of the day , to pay for operational requirements and the likes of taking out CUDA
until our expected future revenues not only offset debt but make Copl self funding
:))
But I am with IG and HL and they have not told me nor have I recieved an RNS from the company?
We will probably be informed this Monday via RNS of any consolation.
Quite odd the brokers released business news without company RNS before hand.
RNA message via the stock exchange rns news wire you would expect first thing Monday
saying its real or at minimum a
we have noted media speculation ...............etc
but we are talking go his own sweet way Arty, a lot of the additional stuff he reported in
Canada only , could have been sent over rns also during the suspension , like many other
companies I have been in , the comms and advice abysmal from day 1 have been told
we will not suspend , a first in decades of rto's for me rest all suspended with initial
announcement
Then suspended then took 3 months to a year to do the deal , followed by 3-6 weeks for the paperwork
we went suspended AFTER the rto completed and then spent 5 months to get the paperwork sorted
as read in previous post in a good few over time with YJ as pr side and a bloody waste of space
on all of them , who ever his additional advisors are appear to have sever timing issues lol
:))
Expecting 100:1 to put this on the map and stop the mighty churn.
Why buy CUDA's interest when it may eventually get cheaper?
Make them pay their way and add it to the bill....
Time to look at self funding options as income streams come on line.
Looking forward to that nice Xmas bonus when this eventually takes off.
C.
For me, if it’s consolidation and no news then markets will use it an excuse to take it down but if we get a positive RNS news wise then I expect the opposite.