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Anything above 0.8 and May back trading, fantastic! Hoping we get pleasantly surprised by both opening sp and timing, in case anyone thinks not just assuming things is “deramping”
So has any official specific date been given? or a definite week or month then? I can’t seem to find it? I understand the situation, just see no indication of dates. maybe get some official clarity this week perhaps.
Re-listing
Rules on a RTO are very different between markets.
We are trading (when re-listed) on duel markets the Canadian market and LSE.
Suspension, de-listing to re-listing is a formality required on the LSE for the RTO as the value of the MC is revised.
With it being a formality, I am expecting this to be done swiftly.
LSE will have egg on its face if a prospectus is issued, companies flying with miscible flooding and the Canadian exchange is flying and LSE is still pondering.
Not goi g to happen look at how liquid this stock is and the daily volumes, what do you think them volumes are going to be like LSE will want this back in play as soon as possible.
A lot of PIs getting confused with other shares being suspended due to completely different scenarios.
Stop second guessing listen to the full interview or from 4mins onwards
https://www.proactiveinvestors.co.uk/companies/news/944245/canadian-overseas-petroleum-completes-acquisition-of-atomic-oil-and-gas-944245.html
Oh yes the orchestra is here....
Oh dear. The orchestra is tuning up. Lol
Was only a ponder. Seen things get delayed that’s all. No reason why it won’t be back in good time. Would be fantastic if so! Ps I don’t drink :) so it really was just a thought based only on past experience of seeing things drag on even when they shouldn’t.
From his interview Art seems confident all will go well. My only worry is things out of his control might delay it, it’s just a feeling! I don’t want it to happen!!! and it probably won’t. Just thought we could chat openly and honestly here without bullying or heckling.
Morning all Arthur loves watching the share price he will be like us desperate for it to come back ASAP. I remember in the past him saying how amazing you could watch in London then swith to Canada. I feel 100 percent this will be back in May at the latest. Work would have been done before we got suspended. Anyway it's Sunday enjoy your day. Good luck all...
Wookie what?
“....Not holding breath re May relist. Things like this always drag on. Wouldn’t be surprised if it was a year or more.. but be great if back by June....”
Without any kind of reference given, then one has to query,
was the experience gained from the bottom of the wine glass? Weekend wine-o’clock’s always seem to bring such great pearls of wisdom.
On a par perhaps with joeys ‘we are fully priced in’ @0.38
Keep your knickers on hopingforbags!!! wow, your super highly strung huh! But, meaning no disrespect, your a fool to think anything is certain. And I’m absolutely not deramping, and how on Earth do you deramp a stock that isn’t even trading anyway?? Also, did you read all my post?? I think my calculations ( based on research ) seem about right!. My figures also point to a serious uplift and hopefully on the conservative side. I must say, if you can’t handle other peoples opinions I’m not sure you should be on a public forum designed for discussion...
Anyways, Having seen many takeovers over the years it’s very normal for it to drag on, even if things seem perfect!! It only takes one or two elements and the process is prolonged.let’s hope it isn’t! But they haven’t actually given a date yet have they? So my point is, don’t get all excited about personal fantasies because things change.
And by the way I hope this opens high and goes even higher!!
It’s just my point of view, so don’t get so worked up and aggressive. Actually hope this completes and trades sooner the better for me! Not getting involved in some weird **** fight with you, but you gotta chill a bit... we don’t all have to think the same and sometimes it’s insightful to listen to thoughts that may not be your own.
not a long time 3-4 weeks from prospectus submitted FACT
earlier if FCA/UKLA provide guided assistance FACT
have been in rto that have taken 2 years 23 months to do the acquisition
1 month to do the paper trail compliance
we completed the acquisition - just the paper work to do once prospectus
submitted FACT
Hopingforbags- he’s right we could be sat here for a long time before anything happens. That’s not deramping (there’s no point in that while we’re suspended) could actually be fact.
Iv noticed people are now saying this will open at the level I said it would and got slated for, which I still thinks a good opening price of between 0.8-1p, can’t knock that rise.
I’m pretty sure you are a complete novice and just like to think you know what your talking about
what utter un researched dross, RTO's drag on due to suspension normally on the day
of announcement that would have been the 16th December to DO THE DEAL then
return to the market by the last two processes of an IPO that takes 3-4 weeks
Submission of prospectus to FCA/UKLA and the a standard 10 working days (2 WEEKS)
application to the Stock Exchange and return to trading on the Main Market
We have not submitted prospectus yet, delisting of old copl 21st April listing of new
COPL Group will be the day of submission plus 3-4 weeks MAXIMUM
If your going to deramp at least do the bare minimum of research on the process
long RTO's are for the acquisition (ALREADY DONE) not the market return ffs
Not holding breath re May relist. Things like this always drag on. Wouldn’t be surprised if it was a year or more.. but be great if back by June. Of course any delay in relist gives time for updates this driving or lowering value ( nothing is guaranteed completely ) All going well and based on what I can figure for now an opening price of:
0.8 would be my lowest.
1.2 - 1.5 personal feeling it’ll be
5p maximum
So much depends on what Earnings ratio we are given . If it opens at sub 1p or even sub 3p I think I’ll be loading up considerably should things go to plan. Just looking forward to getting some updated facts and figures soon, and excited about possible news to come. However staying very grounded and expectations low to avoid being disappointed.
Since its re-listing will the opening price show as an increase on 0.38p or will it show as opening flat at whatever that happens to be?
Reason i ask is that it would be better not to be showing plus 200% but just start at 1p or so and show no increase.
Think it will open up at a decent price
Positive news will flow and carry this SP
Those that sell will see PIs and ii taking their shares
Far to much here IMO to see a retrace or drop back if we open up, plus those that have done their homework are holding so sticky hands ii investing will be sticky hands
Holding long as I have done my home work so happy to see this play out and see true value
I want it no more than 0.8p for the simple fact that if it ooens 1.5p+ there will be a quick sell off. I prefer this share to have steady, positive, gradual growth rather than be a volatile share which what surely lth's prefer. I'm seeking 5-7p within 2 years which based on all known facts and realistic optimism is possible/probable. However if it's regularly spike and dip it becomes too difficult to read as a sp.
4th of May for relisting was just a best estimate from the bb: I believe it was YM who originally factored in the 4 weeks of uprated injections plus the various national holidays at end of April, start of May. It could be earlier or could be later, but is used as a good reasonable estimate. As Charlie highlighted, it gives a stabilisation period, for the increased pressure.
£13M ($18M) placing was on the 8th March, & then a week later in the notice of completion was then mentioned that the company has provided SWP with $9M working capital. Could be that SWP were then directed with working on the uprated condensate injections as soon as possible, maybe a full two weeks before the official 1st April start date.
Yes 4th May was my prediction many weeks ago.
4th May was a prediction but we should know better once RNSed.
We have talked in depth about the attraction to ii many probably backed off as the run investment with minimal risk factor so “suspended, de-list to re-list expect those that are interested to start hoovering.
ii look for a minimum MC of £50m at 1p we are £148m we have oil, a 40-45 year life expectancy, low cost, low risk country, licensing in place, exploration completed (small proportion 31MMboe), neighbouring licence areas have multiple layers - no reason why we don’t. Large licence area with further drilling could increase future reserves.
Miscible flooding requires a stabilisation period as u have said before expect update on miscible flooding on or after re-listing.
Going to see a few positive surprises here imo guys on the news front but don’t expect a load of RNS why we aren’t trading ........
Will we get results or an update on miscible flooding before end of suspension?.
Been 9 days since they started if they did as they said and started on April 1st.
Has the 4th of May been confirmed as the start of trading?
1p to 2p without news. However, that is very unlikely. There should be lots of news before 4th May.
Agree Wacca I’m holding for at least 2p but will review that along the way especially if we get some positive updates.
Shard
I tend to agree with you but obviously hoping a bit higher like most people...the 2.5p prediction I think is a bit hopeful but I’m selling nothing for a while to see how it plays out
GLA