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I am also expecting to see a upturn in production Bladderman, as soon as Cuda is sorted.
Everyman and his dog know our SP is totally divorced from our asset, I mean 88E almost double our MC after finding water in a rock in their latest drill - NO WAY I DON’T BUY IT.
Besides we have just hit a triple bottom which looks like “VW”, usually means a test of high in the sequence which is…….39p
To took out a bridge loan of $20M to pay for the cash component. In other words we paid £16.5M tops for this accretive asset which is outdtandi g business. Gives us 100% of Cole Creek too.
Dreamland stuff - just need the SP to catch up Shaa. Last day of June tomorrow and the seller looks pretty much done to me ::)))
Good work Bladderman, when you consider our MC is £41M, it’s easy to see how undervalued we are.
Ofc it increases our Fed deep exposure from 55% to 85%. Report imminent :::)))
An NPV10 today at $380M converts to £313M
A reminder: CUDA brings...
Increases COPL's 2P reserves by 47% from ¹25.8 million barrels to 38.2 million barrels. (COPL December 31, 2021 NI-51-101 Reserves)
· Provides significant leverage to COPL increasing the Company's NPV10 (47% working interest adjusted) by USD122,000,000, from ¹USD258,000,000 to USD380,000,000. (COPL December 31, 2021 NI-51-101 Reserves)
Closing to occur between June 18th anf July 18th.
Tick tock
Saw dust for brains
You have to laugh. All these people who've held for years and never uttered a single word, now come out of the woodwork to to foretell "Apocalypse Now". Hilarious
What a **** market is always miles ahead.
Oh dear. Not another one !!
It will be hard to hold through the massive crash thats on its way
Almost in July, CUDA, RBL and finance could come quickly.
December not too far away, 6 months, could see production up to 5000 BOPD and other news such as JV.
So yes SP could be many multiples of what it is, when you look around at some companies valuations on what might be, when never mind not producing they aren’t even drilling for oil yet - our SP is criminal.
Some LTH’rs are loosing sight of the above, right now if we were at £1.50 you could argue that it’s because of New Discovery being somewhat priced in, finance to come, RBL to come and CUDA in the bag.
Looking extremely rosy from these levels.
When can the new discovery be added to the asset value
Are we likely to see it soon
What we all seem to agree on is that "change is in the air"
Even to the most hardened naysayers, this company has the potential to be worth 10 times current mkcap, just a question of when, I won’t be waiting 5-10 years, I haven’t got the patience.
I managed some at our lows wwal, but to be fair I don’t think of it like that but rather how high it will go when I top slice / sell.
If there’s a other placement below 20p then to me it’s terrible management and financial planning.
I have no idea why anyone is selling at these levels, mms working together maybe to flush out weaker holders, or historic holders with cheaper shares (what price are your old ones Shaa?).
Just guesswork.
Probably his assets being liquidated by executor, irrespective of SP.
Either way looking good to go north from these levels tomorrow
Seller stops selling and we get some RNS news in July. Perfect storm.
Maybe the Guy's Family just splitting up their Inheritance. Money does strange things when someone dies.
As placement was higher, it wouldn’t be placees selling at this level Bob, imo.
That leaves a new placement - I don’t think we need monies right now and normally there are lots and lots of buying at placement price.
So who knows?
Must have had quite a few. We should soon find out if this story stands up. It's feasible.
Could be a good reason behind it.
News has just reached me that someone with a lot of shares a HNWI recently passed away.
His estate was being sorted including COPL shares, hence the big selling at this level.
Just my thoughts - selling slowed down last few days, last week we saw a few around the hundred thousands mark, so far this week no big sells, I think it’s done and dusted now!
Well you would of lost the lot if that was the case ha ha ha
Lol. Ex RAF myself Tommy. Which branch you?
I'm ok with Esther and Cookie.
What's your point?