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You have to wonder if yesterday was a coordinated attempt to spread false information to generate panic sells after all fear breeds fear. Nothing has changed AM has a vast amount of options to choose from to maximise the billions of dollars of value from copl. Lenders will be happy to lend at low rates based on the NPV of the asset should he not JV or we get sold.
Bladder. U do so hope you are right. I know I got a bit tetchy yesterday but U felt some alarm bells ringing.
Lets5 hope for more positive action today
raised 6 weeks ago bob. We have circa £12M and cuda owe us $5M so please just chill mate.
We have prob sewn the last of the placing flippers this week so should the focus on our strong fundamentals and billion barrel resource. Canada finished at 36p so we should lead today. I think a strong blue finish today after two red days
The quicker some serious investors buy into COPL, the better. Unfortunately with such a high free float and such a rise in two weeks - it’s easy pickings for a trader. Getting stickier hands will happen but today was panic selling. Fundamentals are strong, what we have is HUGE - an asset that many majors would love to own.No one said investing was easy but that’s why only a few are successful. Stick with it guys.
This pattern of huge upswing then consolidation happened last week as well. So everyone should just RELAX and enjoy the ride as the oil under ground speaks for itself. Yes there will be up days and down days as with any stock but the potential here far out ways anything that some of the negative posters have to say.
RE: Will Canada hit 0.8 dollars today...Tue 14:17
I would be surprised if Canada closed at .80 or above today after such a large gain yesterday. RE: Will Canada hit 0.8 dollars today...Tue 14:17
I would be surprised if Canada closed at .80 or above today after such a large gain yesterday. Consolidation of prices for a day or two is what I expect, with a surge to around 1.00 towards the end of the month and a lot more buying leading up to the Cuda sale. All bets are off if FOMO kicks in!!!
GLTA
TradingLad - If there is a placing (and let’s be clear, other than the fertile imagination of the saddo’s whose lives revolve around LSE, there is no evidence to say that there is) then the man wearing the captain’s hat can f&@k off into the horizon with my sincerest f&@k you!
N.O.N there was clearly a requirement to have cash to bid for CUDA, to put off other bidders. Albeit, I certainly didn't expect it at the time. What reason can there be for another fundraise?
Nothing has changed from the RNS a week ago other than a sell off following a big rise. That is very normal. We can't sustain 10-30% days, a sell off was inevitable.
Now the board is inundated with placing speculation and fear mongering, as it is perceived as the easiest explanation for a sell off. I completely disagree with that theory. It is normal market mechanics
If as some suspect it is another placing it would explain the timing of the find RNS. Before CUDA bidding has concluded. Pi's are lined up like sitting Ducks while the inner circle are let in at mates rate, investor value just gets pushed back further down the road.
If there is a placing and I really want to believe there won't be, the man wearing the captain's hat better issue a statement detailing exactly where that cash is being allocated.
I'm surprising myself TBH. If I'm wrong I will humbly apologise.
R_Dunc there was no basis for doing the last placement at 20p at year low Sp. In the rns it said it was to acquire Cuda but the bidding doesnt even end till Feb 4th and payment most likely wont be needed to made until March
Bob, I'm surprised to see you along with many others get caught up in this speculation which has no basis other than emotional fear. The company have circa $25m available cash and there is no indication they need more.
The share is volatile. Plain and simple. It's risen a lot the past week. There was always going to be a dip and consolidation. It's how the market moves. The sell off will run out of steam, like the upward spike, and flip. Ride the wave if you have conviction in your investment.
That's the problem and that's what's been holding the share price back. It seems that Milholland will try to get a placing away at every opportunity. That means little chance of building shareholder value. Still if I was in his shoes guess I'd do the same
The thing is how can we EVER have confidence to Buy when good news is used simply to facilitate yet another PLACING.
Will it ever end?
Just looked in today, dammm, big drop, activity the last few trading sessions does suggest Art up to his old tricks, cant help himself! Sooner he tells us the better if he has been though!
16.27
Yes I am, in this share anyways.
So what does it mean? People buy and others sell.
MM s screwing people - never heard that one before?
PANR - Hondris sells - conspiracy?
88e - Dave Wall sells - conspiracy?
Who is it here?
If the conspiracy theorists are correct in their assertions then they should at least tell us why the company needs the cash and how much is required for whatever it is.
Otherwise keep shtum.
Almost 400 posts in the day and we've not reached 4.30 yet! All bluster and conjecture.
If anyone has any reason to disbelieve the fundamentals, then please shout.