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LOL Don't think Tiburn is a shark. Not being picky but the Spanish word for shark is TIBURON. Close though.
Something must be brewing in the background. The current activity just makes no sense. Too many HNW folks involved and waiting for their reward.I feel when we know what it is we'll all be pleasantly surprised.
https://youtu.be/0hVH_7yp9vY
Excellent AM interview from end of August - well worth a revisit.
Q3 days are ticking down
@Tiburn absolutely.
When things were bad, dilution-for-survival had to be tolerated by LTH's.
What better signal that the bad days are behind us than to undo that dilution by buying a chunk of shares back.
Especially right now, given that the SP is so depressed. It would be a relatively inexpensive way to send a strong message to shareholders that management will protect shareholder value as a corporate priority.
It will never happen, but still...
Any whiff of share buyback and the re-rate will be kicked off sharply.
Something is definitely brewing as we have churned over 16 billion since re-list and the sells being moped up instantly.
When have we seen previously, a sea of red and NT to buy.
Most incisive post of recent weeks goes to LB
"It's a share buyback that would do something. It would actually have a really positive effect on the SP and would have a better ROI than buying another asset or drilling."
Agree completely - once foundation fully established from MF, some expansion of the field by drilling and a net revenue target achieved, then 10% of profit after debt servicing could be set aside for share buy back and retire the securities.
The 10% amount in cash would go up as production increased.
The intent could be RNS - would significantly aid sentiment once rolling and announced each month number of shares bought and retired. AM could even link it to a dividends policy that kicks in once a buy back share target volume is achieved.
Not least the message sent would be dilution is much less likely as a source of funding - it could be just oil revenue and RBL going forward- this is more than possible.
Its hoped Am may consider that option - he will have the funds and can still prosecute the exploration and acquisition campaign without prejudice.
Share buyback and dividends are not solely the preserve of Majors:
https://www.theguardian.com/business/2021/aug/03/bp-buy-shares-oil-price-profits-forecasts
"BP will hand shareholders a surprise dividend increase, and $1.4bn (£1bn) in share buybacks, after the company returned to profit after a rebound in oil prices which it believes could last for the rest of the decade.
The oil giant predicted that the world’s demand for oil will reach pre-pandemic levels by the second half of next year, and lifted the value of its oil reserves by $3bn after revising its forecasts for oil prices higher for the rest of the decade."
Consolidation is merely window dressing. All it adds is an additional window of uncertainty, some say good, some say bad. Makes zero difference. Not for me - let’s concentrate on building the company and profit. SP will take care of itself over time.
Bell had the best feathering his own nest annual share scheme going each year a %
of annual salary could be used to purchase shares for each share purchase the
company would match with 2 free partnership shares
And the smarmy twat would rns , I am delighted to report myself, other directors and
related? company personnel have ..................
We would all be delighted to spend £2k and get £6k worth of shares drop into our account
lol :))
anyone who believes the red/blue or buy/sell labels has done zilch research
of the markets themselves , on any of the worlds markets
THEY DO NOT REPORT THEM
any price within the listed spread could be either, the we have 10 times the buys to sells
or vicky verka and not moved , is complete *******s , the trading in truth is even just
the guesswork algorithm having a bad day at the office
simple guide
sp up a little buyers shading it
sp dn a little sellers shading it
sp up a lot buyers have won the day hands down
sp dn a lot sellers have ****ed us all off all day
:))
market cap is always the biggest factor on any share , sp is a function of it not the other way
around and share numbers can go up or down to suit
The consolidation on Copl will depend when it occurs and at what price
and if funds are to be raised as part of it as another acquisition etc
get Nigeria back in action with Essar fast tracking its planned an 3-5p is quite possible
consolidate 100-1 we are now £3 - £5 a share and 150m shares
need to raise £30m is just 6 to 10m shares not gazillions to achieve not even a 10%
dilution (15m) and if that £30m is for an outright 2nd Atomic style deal limited dilution
for another asset worth £200m who would complain not I
The bringing onboard higher level finance houses/II to take them would also remove
the mass churn as they are in for the journey not the next spike to dump the lot
The consolidation is a good thing used in the correct manner and opens up additional
options to the company and we are MAIN MARKET
Most consolidate dilute and consolidate again rinse repeat are scumbag AIM keep the
lights on and pay themselves ridiculous salaries etc while maintaining a position of
rainbow chasing failed exploration assets time and time again
In those case you see the rns and run a mile, thinking RRR/RGM serial offenders like
Andrew ****end as he is affectionally known by many investors he even took HNW
like Peter Gyllenhammer and others to the cleaners with his rainbow chasing and
ten times a year visits to the death spiral bank of YA PN II lol
And if you research them usually serial offenders on many BOD taking money under
false pretences lol
COPL is a growing PRODUCTION company with revenues the INVESTORS looking for
growth and dividends will be attracted leaving the survival mode wonga lenders
behind
One assists growth the other kills it
:))
Certainly are buying LB, currently 0.332p to buy, ignore red trades.
I am guessing this has been the pattern most of the day, buys going through as sells.
Crap market at the minute. Will pick up soon enough.
Its clear we need the 100:1 consolidation soon, rather than later. I'm not normally a fan of consolidations as they are mainly done for the wrong reasons but in this case I feel it would be a game changer. The problem with companies in the billions of shares is they can easily be pushed around by bigger investors and I feel we are in this grip right now. I feel if the shares were cut down by 100:1 this would be harder to do and would actually reflect better the price of the company. If the news already received has little effect, I cant see the next 6 months making a difference. Whereas after a consolidation, which will drop the price overall for a short period, would respond better to any announcements. After the approval to consolidate was given recently at the AGM, I am surprised this hasn't happend sooner to be fair. Hopefully (cant believe Im saying this) a consolidation is coming real soon.