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Fact is be we 0.32p or 32p still a MC of £50m holding an asset for sale now worth
over £200m , production rising daily , more prospects for additional reserves
from the deeps , Nigeria in the wings along with , we are looking at other assets
in Wyoming
Grossly undervalued now and will still be grossly undervalued after consolidation
what then happens will be down to the news flow, play catch up with asset value
or be stifled further with a poorly timed additional lender deal continuing to hold
things back until dumped and cleared
Hoping for multiple RNA messages over rns this week resulting in an SP recovery
with fingers crossed other investor news on the back of it
:))
As with all shares only time and history will tell the true story
In my opinion , Arty has two choices under a consolidation as stated earlier
just hope he picks the intelligent option this time ffs
A) Be hailed from London to Toronto as the Oil Baron of the year
Progressive investor - Progressive MC/SP - Progressively larger
priced funding if/when required with limited Dilutions
B) Be called every expletive under the sun for being a twat
Stuck in the mud , same old samo, MC rising SP fcuked but
hey I got us to a billion MC and back to a 4 billion shares
Multiple Regulatory News Announcements sending a positive overall message
or a single uninformative we note the brokers announcement on the 24th of
September and can confirm we are to consolidate 100-1 on the 1st October
see ya's A.M.
:))
The current market cap is ludicrous unless there is going to be a major placing at about the current share price. Why should there be if current/soon to be income is equivalent to the current market cap? The question is do pis trust Art? What and how substantial a reassurance has he given that he is not going to raise again soon, or, has he already forward sold a shed load? Is he averse to loyal pis making a few £?
We had several months of freezing fog before relisting. The difference now is that just as the sun is breaking through the clouds, the CEO has dropped tear gas and smoke grenades.
But who knows what Monday will bring. Best not to follow derampers or rampers, if any be such. Watch your parking meters I suppose.
Damnit 1p, 2p... Whatever.. 0.5 or 0.6 and I'm happy. 0.32 and may not hold that? With 30 million barrels, Ryder report saying more, start of 40 year production life, oil pushing 80 is it? Something has to give, doesn't it?
So what leathal, I am positive.
2 things.
1. Not invested for 2 years.
2. You have been beating the same negative drum.
With all due respect Shaa you be been beating the same drum for the last two yrs
Why would the gain be any different if the mc goes from 50 to 150 etc?
Fair enough guys each to their own, one last thought from me, the ones that hold through the sun, rain and hail will see the rewards medium term - IMO.
Deramp/ramp i dont buy into all that nonsense just see it for what it is from open , nothing but a complete disaster !!
Lets hope you stick to your word and depart because you are nothing but a deramper with an agenda that is so transparent.
To be fair, no CEO running a business with no income based on a Nigerian moonshot, partly through a once in a 100 year natural disaster that shut down borders and crashed the oil price, is going to achieve a great reputation as well as surviving in business.
Before the financial crash, he was a successful oil man, was he not? That's part of my rationale for investing here, he's not untested or incapable.
I personally think the message was released to brokers to send out Monday AFTER an RNS, but some bell end accidentially pressed 'submit,' and now AJBell can't say anything until Monday when the RNS has been released.
Didn't want it as I don't think as many pi's will invest, as it looks like the potential gain won't be as much when in the £'s as opposed to p's, but if its is happening, would rather 10-1 than 100-1.
Lok you and me both pal , hence why i have stated many times something is off , Arts reputation isnt the best from what iv read prev .. Not sure il be sticking about much longer to watch any mini rise just get wacked straight back down .. !!
Surely if the stock is so undervalued, Art could do a placing of the entire current market cap to buy several million odd socks and COPL would still be a good buy?
This is what I don't understand, oil is up from when we were conservatively pegged at at least double the current mk. Production is up. There is a potential discovery. Oil looks strong not just short term but for the foreseeable future.
But our market cap is going to drop? I find this incomprehensible, though I'm certainly listening and not discounting it.
I think MM’s may drop it a little without news and then up and down until solid Q3 results - just mu opinion, guesswork.
When you say volatile, do you mean you see it dropping from 0.32? After all this, waiting 5 months, the sell off, and then dropping below 0.32? Which is in itself supposed to be a disaster?
One thing I've learned never to discount is sentiment. It can crush a stock for many months. If Art betrays investors again, not when he can be excused for stringing them along to keep the lights on but when the wealth is piling up, how will that play out, barrels per day notwithstanding?
Why do you ask?
Is your view that whatever the spin people put on it here, this is actually really bad for the share price short term and everyone is encouraging others to hold but actually everyone's going to sell as they did when it relisted, and maybe get in lower later on?
That's the cynical view. I can't quite be so consistently cynical yet but I'm getting there.
Agree prophetus, I am expecting things to pick up by Q3, as I said before short term might be a little volatile but our increasing BOPD will definitely count in the medium/long term.
....and oil is now above 78$ whatever happens short term maybe not such a great worry..
Lok, will you be selling up upon consolidation may i ask? I think many will look to do just that
I am expecting consolidation and a good run of positive RNS’s, Art wants to get the company moving forwards, he could have thrown the towel in last year but put his own money in.
Might get a little bumpy at first but once Q3 are out mid Nov, things will be looking up.
No, honestly, I just always look for the worst case scenario with stocks, out of bitter experience. I'm not suggesting this is probable, and hopingforbags last post actually gave a good counterargument pre-emptively, that they should want a decent mk going forward to attract better investors.
Trying to encourage the weak to offload....