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292M - 255M (145+110) =37M
No placing fears as Art will know now is not the time (also an email circulating on Twitter confirming this)
Sept 30th - thanks. I see that as the absolute dealine because Nigeria need this as much as we do. The new licensing offerings is testament to the authorities desire to access their lucrative structures ASAP.
Lots of new money has poured in above 0.45p all looking for profit.
I see there is a missing 38k shares today which is where the stall happened at 0.46p. They'll be printed tomorrow and we're off
30th I believe
Can someone please remind me when the current license expires - is it Sept 2020?
Liquidity = Price
I actually disagree about this specific rumour being bad.
I am basically always opposed to fake news, fake rumours, and pumpers fabricating excitement out of thin air. (No idea whether this case falls into any of those categories, but some others have speculated that it does.)
In another circumstance I would be against it, as such behaviour is highly unethical and also creates an artificial rise and fall due to nothing material happening. This being negative for the credibility of the investment thesis, and messing up the technicals.
In this case, if the rumour is indeed fake, we may have a weird "two wrongs making a right" scenario. Because we probably have *massive* material news in the pipeline. And probably have undeserved anonymity in the investment world, since so many have spent so long ignoring Art and Art's vapourware press releases that even *real*, *amazing* news does not seem to be moving the needle as much as is deserved.
If (and that's a big IF) this rumour had been a 100% fabrication, it would still do the job of getting eyes on this little company and its' story. Once it is on peoples' radars, (by whatever means necessary according to anyone unethically spreading false rumours,) the *real* news will do the rest.
Or at least that's what I hope. No allegations intended; only pure hypotheticals.
I am invested here and enjoy reading informative posts but I am a bit concerned about that rumour which was cirulated earlier which was then copied and pasted from this bulletin board on to twitter creating more traction. It creates false expectations and if they don't materialise it may have a negative impact on the sp. I am sure there are rules, laws and regulations against spreading rumors or what might later appear as false/misleading information on public bulletin boards. The fundamentals of this company and the prospects should be more than enough to provide plenty to go on.
bladdarman be nice to close blue after a painful day like today! If not always tomorrow ;)
Thanks LB hopefully once these are churned through we should re-rate to 1-1.5p which is what the SP deserves to be at pre-drill
Ask increasing now. Could be a decent finish..
Cawcaw exciting we love a bit of action
Yes , Im 100 percent, something that started at the water cooler
Do people think it's the placing shares holding us back?
YEAH BABY. (Prices CAD)
We have not printed a day like this in many years.
Recent Trades - Last 10 of 11
Time ET Ex Price Change Volume Buyer Seller Markers
10:11:28 C 0.01 0.005 4,000 7 TD Sec 7 TD Sec K
10:06:40 C 0.01 0.005 400 7 TD Sec 36 Latimer E
10:06:40 C 0.01 0.005 500 7 TD Sec 2 RBC E
10:06:40 C 0.01 0.005 76,000 7 TD Sec 7 TD Sec K
10:06:40 C 0.01 0.005 74,000 7 TD Sec 7 TD Sec K
10:06:40 C 0.01 0.005 486,000 7 TD Sec 7 TD Sec K
09:30:00 C 0.01 0.005 38,000 124 Questrade 124 Questrade K
09:30:00 C 0.01 0.005 62,000 124 Questrade 1 Anonymous K
09:30:00 C 0.01 0.005 38,000 7 TD Sec 1 Anonymous K
09:30:00 C 0.01 0.005 40,000 7 TD Sec 7 TD Sec K
“ Marathon oil ... have not come forward in any way ! .. right from the top .. this is our deal and a great one at that !”
Nice one Guitar1970, so it’s all ours - confirmation.
Xcop.cn up 100% today.
Blimey CawCaw a sensible and reasoned response. I quite agree with you; having listened to the ramping and deramping never mind the guesswork, I think that is a valid viewpoint. I've been in this share for a few years and lost out initially having bought at 1.67 (I think!) then sold out a loss when everything seemed to go t..ts up. However managed to get in and am up 100% and believe we have turned the corner. However, until extension agreed and update on drilling etc we will trade sideways. It is still a gamble, to many, but personally feel we are going in the right direction, AT LAST! Back to reading the comments and staying in the background. Firmly believe this will go much higher in time, just patience needed.
First time in his life as far as I'm aware. Guy will be 3 weeks late for his own funeral.
I'm still waiting for the dividend cheques from the January 2019 Production Forecast. Maybe he lost my address, or maybe he did precisely none of his self-assigned homework that year:
"2019 Outlook:
? Project financing for ShoreCan due to be completed by the end of Q2
? Appraisal drilling on OPL 226 scheduled for mid-year
? On track to bring four appraisal wells onto production at a forecast rate of 6-
10,000 bpd by the end of 2020
? Complete negotiations and execute a PSC with the Government of Mozambique
? Complete a production acquisition"
LOL. Anyway no wonder the market is gun shy. This thing now moving at Essar's speed rather than Art's will hopefully give it a big boost.
cawcaw one thing I will say is having Art stick to the deadline yesterday helped his reputation a lot, hopefully now things are back on track investors can begin to trust him more.
CSE printing only 1p CAD transactions so far today. Canada took notice? That's 0.58p London price.
Thinking about how sentiment and animal spirits work, I came to this conclusion: If I were not already long this stock since way back and trying to get my money back, I would not go near it right now! No matter how compelling any recent RNS was.
I bet that's where the inertia comes from. Anyone who looks at the chart, the financials, the history, and the share float gives it a big fat "nope" and for good reason.
It's only the LTH's that have put in the work to understand the possibilities here -- and the probabilities.
The market, paradoxically, will trust it *after* a prolonged and steady uptrend. Which is to say give it time fellas; eventually it will gain the confidence of the mainstream.
Those who have paid attention know that we are likely to see a summer and fall of positive RNSes, and that each one will likely increment the SP up. Thus catching the attention of casual observers, algorithms, and quants.
That's what I think FWIW. DYOR.
Marathon oil ... have not come forward in any way ! .. right from the top .. this is our deal and a great one at that !
Joey we just have to be patient if you believe in COPL just hold and it will come good soon imo I excepted to be a lot higher today than what we are but maybe MMs are trying to get cheap shares as they know what is coming! Hopefully later this week or next week we move in the right direction
MrNation - who told you marathon oil are doing that?
Not bab MrNation, Marathon Oil have $33 billion Assets.
Is the info confirmed?
For example between mid day and 1.20 there have been 47 Buys and a mere 12 Sells. There have been many more Buy trades of 1 million or more. Yet we are still red. Investors must wonder why there isn't even a semblance a Supply/ Demand reflection.
If large trades remain hidden for up to a day the lack of transparency amounts to gross dishonesty.
The system currently makes a level playing field seem like a sick joke.
Rant over