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London mate that would be gutting. Don't hold enough stock here to make it to early retirement if they only paid us 10p per share. Had always hoped AM would have managed this himself but totally respect what you're saying here.
Personally need this to hit close to 27p to put my feet up for good and then just do this as a living
Cathy’s just replied and stated there have been disruptions due to COVID and there has been disruption and timelines are not yet known at this time, at least though once we have PSC that will give people faith to hold long term for the real exciting time, I think we’ll drill early next year now
Cathy would not have any of that information yet , she’s just telling you what anyone else can read in the MD&A
I have emailed Cathy about the drills and she said no estimate but then I found an article which said Art was planning on drilling in 2020 so have sent her that article to see if she is allowed to comment or expand on it and if it has been delayed due to COVID to early next year, expect to hear a response sometime early next week PSC is getting closer by the day, I’m still putting my money on the 30th but would love it to come sooner and catch people out!!
I think everyone is satisfied with the current contract, shorecan , can and will probably buy there remaining percentage... I’m thinking down the road 2/3/4 wells , a major will take notice! Long ways away though
10:09.
The thing is Groover, Essar are worth billions and the way I see it, as soon as the first drill is done and marketable oil is confirmed, they will know there is lots of the black stuff all around.
As they will have first hand knowledge about this they may want to wrap it up pretty quickly before anyone else gets wind of it. Essar could do this by simply buying up shares.
All pie in the sky until PSC confirmed and drill commencement.
Mate if they hit the motherload as some on here in the past have alluded that they're sitting on then thats to cheap, more if forecasts or price of oil per barrel plays out in 21/22
Groover if someone said I’ll give you 10p per share I wouldn’t turn my nose up at that right now lol, hopefully in the future we might get that or higher!
Morning Shaa
Do you really feel Art would want to let the company go for such a relatively low SP? I would hope after years of stress and set backs he would prefer to hold out closer to 1 CAD. That may mean another 3/4 years time and with constant high yield drilling success so I guess we can only hope! Given the amount of black gold they're allegedly sitting on its doable I guess?
Thoughts
To be honest I like to know DT is still about fills me more with confidence I.e RB Lionheart icon from. 0.0008 - 0.0020 and repeat deramper on that board same on GGP few there now . Either paid by the post or looking for cheap shares for companies unfortunately for them most posters have done research and read the RNS's even back 5 years and can mostly see through the smoke and mirrors. Sorry for off topic slightly and DYOR .
Only person in la la land is the guy who is not invested but comes on here on weekends, comical you couldn’t make it up, lol, lol.
I don’t know about you Mr Trump but it’s a lovely day outside and I am going to enjoy the sunshine.
Please keep up your posts as it brings light hearted humour to the forum and keeps this board alive at the weekends when it’s normally dead, enjoy.
Hi Groover, all IMO and guesstimating :-
1p PSC extension over 3 days.
2.5p on hype until eve of drill.
3.2p on drill commencement.
4.5p on eve of drill results.
0.5p if drill unsuccessful.
6p - 8p if gusher.
Long term I don’t see COPL has a future...........
Only because I think Essar and their billions to take over COPL for about 10p - 12p a share.
all going to plan......
F00k auto text!!!!
Even TOOP......
This is exactly why I can't let go of shares because of experiences like you poor fellows, so even when crashing down as I've experienced with ALBA, COPL, TOOP, ADME I've just held hoping for this kind of correction. If TOOP is looking as ifs its about to break out large and everyone thought that was a dog. Only time I've sold out is SXX when writing was on the wall, good shout but still took £1400 loss and SRB to buy more into HEMO but okay with that as still in Gold/Silver/Rare Earth with ALBA , RBW and ELEF.
You guys must feel like you bought the winning lottery ticket only to lose it.
Shaa where do you see COPL SP December, 12, 24 months and 5 years all going to loan?
Hindsight is a wonderful thing, they say you don’t lose money on the markets but buy experience.
Hopefully we have all learned over time.
What we were talking about a few weeks ago Sam, Warren Buffet saying that research, invest in a company and stick to it.
SP
Bob I couldn’t have said it any better myself, I know only if I had patience and held for a year I’d of been so much more well off, hopefully I’m in COPL early enough even with a higher average than what it is currently!
Shaa, Yeah there’s potential for EUA and GGP to probably go upto 5x the current SO but that’s about the maximum, we could easily do 10x our current SP while drilling!! Just got to learn not to sell too early this time as well!!
Shaa hopefully we’ll get a lot more serious long term investors when the PSC falls as it’s less risk for them! Got less than 2 weeks now anyway so not long to wait, I’m very much sure it’s going to be extended imo from research and speaking to Cathy
The wait is over then, buy BOIL / UJO/ZEN
All Have multi mutli mutli x20 bag +another bag potential
In the past I've held GGP,EUA and SOLG All three I dumped before the explosions. The Lord knows what I lost through lack of patience
I've learned my lesson. Even should COPL fail( most unlikely) this time I'll go out with a bang rather than a whimper
Exactly Sam GGP and EUA are great companies but have had their astronomical rises, they will rise more but maybe 4 to 5 bag more, I don’t know......
What we need and hope is that COPL is the next one, without overstating the obvious PSC is the key. I see PSC a bit like drawing a small circle on the centre of a piece of A4 paper and many lines going off it indicating drills, licenses etc.
PSC will also see a lot more investors taking it seriously and coming on board with big money, at present there is risk assigned, that’s why our SP is so low.
Groover I’m gutted with EUA as I held 1M shares at 1.44p once upon a time!! This is when time does really pay if I’d of held them I’d be sat on over £200k right now with potential of hitting £1M!! Oh well we live and learn the hard way I suppose, probably could get a double out of both EUA and GGP but would take a long time compared to smaller mcaps and a lot of patience and risk buying at a high price! I did get a few GGP at 3.9p back in March I do wish I held onto them now oh well I wasn’t to know at the time hopefully COPL will do the same!
Yeah Sam gutted I missed GGP and EUA but knew nothing about them until both had exploded. If I had got in both January I would be retired comfortably already.
Now just have to find the nxt beast that will deliver the same multi multi multi bag in the same time frame. Sighhhhhhh
I’d like it to come next week but think it will be 30th when we hear