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Notsure
So its alright for Gold to constantly post negatives rather than others post positives on fundamentals, based on established drill results and geology?
fail to see your logic
The "cohort" is working overtime today.
I wonder why.
Let's wait for the AGM and hear what Art has to say
THOSE FIGURES meaningless
all based on a crap Algo No Rhythm - BEST GUESS on all trades
the worlds markets do not use red/blue or buy/sell , just print TRADES
all considered to be both a buy and a sell.
Little change up or down = trading pretty even
Gold please keep posting as I would rather listen to you than all the hopefuls chasing rainbows. They accuse you of being a 5 year old only because they inhabit that age group. I am always amazed how they criticise others views as though they are constantly right themselves. If the fundamentals are that good why do they have to keep posting them - to assure themselves? The company will do what they want and will not listen to their views.
shaa, your right - Sydneys post made me laugh
Gold justs gets ahead of himself sometimes, he truly believes every one is bonkers for not believing his world view, the earth does looks flat after all.
I prefer him to the new baleful type we have attracted, just at the pivotal moment.
SidneyS agree; a low volume day like today allows cohorts working together to influence things. On a higher volume day it would get lost in the trading noise.
Bottom line, Nothing has changed. the fundamentals remain strong they just need to come to fruition over the coming months with news flow.
My initial target is EoY for healthy returns and even greater ones into 2023. Anything else is just short term stuff.
Sits on hands….
Ironhide drowning a spine, lol.
No drastic statements today “oh god it’s going down”, “nobody is buying” or subtle deramps?
Filtered the ‘oil Guru’ Gold a while back.
It’s like arguing with a 5 year old where you full well know you won’t ever win the argument as he keeps moving the goal posts to suit.
Gold - Are you and your cohorts the 10/15.01 club?
Golden funt
Hopefully the Pressure Issues have now been sorted. AS Tiburn states this was the main reason for the relatively poor production. Once this is fixed production should soar and so should the SP.
A lot has been achieved. I don’t think that’s even a debate. Big Business don’t just appear out of thin air and no borrowing..
Gold - O&G is a very challenging sector - at least acknowledge that - its a generic admission , you can do it, go on, be objective for once
They didnt achieve the 5000 bopd because of gas pressures limiting the MF rate and so lower bopd - its all very clear in multiple RNS but if you cant understand that, then allow for the fact that you dont instead of throwing out wild simplistic statements
The gas pressure issues are now identified and optimum solution found through hard own evaluation - they have adapted and overcome and it will flow this year -so a technical success.
The other success is the massive discovery found and delineation campaign planned and approved by BFU
what dont u get about that? nothing else, just these aspects
Gold if 5000bopd was possible end of last year imagine what the possibility is likely now…
Just because a car goes into a garage for repair does not mean it looses all its value.
Whatever.
Did Cathy say ryder Scott report before agm. I guess 2.30pm then when both Markets open ?.
Not buying big boys getting out before news at all. Heard that everyday in both directions for over a year. But am still miffed that the recent placing leak hasn’t been properly looked into. Hey ho. It’s that sort of thing that is holding this share back, and although the points you make Tiburn are valid and known by most the market just doesn’t believe it.
Saying it is one thing, doing it is quite a different thing entirely; especially as many variables in between saying and doing can occur… cough, more placings, cough.
We need results, we need production we need to be generating cash with much better borrowing.
The only real fundamentals are what we have now, and my calcs give a higher mcap for sure. Believe true value currently is easily 60-80p. But means nothing when we have pirate financing and awaiting clarification on multiple issues.
All of the probables have zero value these days.
gone from positive to negative eh gold,sold have we
This Phase 1 period has been a technical success - if not valued in SP terms yet it doesnt detract from these successful actions - instant ten bag wasnt going to happen we know now (see 20-20 hindsight post) , but in time this is very possible, a solid foundation is being created, is it not? what else would you have them do to grow the business?
Rangebound trading driven SP pre debt managed and production proved are one thing - fundamentals quite another - if you cant differentiate (or do not wish to due to an agenda) then objective discourse is impossible.
Being invested in COPL does that to you
LOL - talk of last minute questions @ an AGM are pure fantasy!
I had my flight booked, then realised I’d miss Coronation Street tonight. So I cancelled
Yes Tiburn,
its all there laid out nicely for us.
I'll start to relax once we get the Ryder Scott report and Re Financing is sorted with a reputable Commercial Bank.
I'm sure all other issues will then start to fall into place
Nice post Tiburn, nice to have a dose of reality every now and then.
Irritating, gloating, it’s easy to work out who you’re referring to Tiburn.
I feel for the people who have to endure them in everyday life.
20-20 hindsight viewpoints are always irritating
To gloat over them, far more so.
A lot achieved, a lot more to come.
Phase 1 - 18 months - Jan 2021 - Jun 2022
- Secure asset and consolidate with CUDA - complete
- Understand the BFU asset and develop plans to manage the gas pressures - planning stage complete - to action in the summer
- Find once in decade USA onshore discovery - complete
- Plan field delineation - complete
Phase 2 - 18 months - July 2022 - Dec 2023
- Commission Independent resources report -complete - pending issue
- Establish better funding facility - in planning stage - further reserves based lending possible due to CUDA acquisition and WTI rise alone. Negotiations ongoing.
- BFU 9 drills for field enhanced - planning stage complete - action 2022 H2
- Permits for Frontier drills - received
- Drill initial Frontier wells and place into production - planning complete, action 2022 H2
- Install gas pressure, oil pipeline and facility - planning complete - action 2022 H2 and/2023
- Reserves update Secure RBL from Frontier wells drilled - H2 2022
Once debt managed, production rises, Frontier drilled - this year - then its useful to discuss rising market cap and whatever SP value is accrued.