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Is it around 61p for 100m market cap based on 164m shares
It's 194M not 164M enlarged share total.
Please can we bombard LSE admin to fix this.
194m shares
How does dual listing impact mcap
it is the 194m shares in issue total both Canada and UK combined
Do we know if the placing shares have actually been admitted if you look at the RNS it just says they will be admitted in the next 12 months ?
Canada closed at 42p equivalent :)
So now with Canada finishinh 42 equivalent, what will happen here tomorrow ???
Would be nice to take the lead as we head for 50....gla
IE. 28.57 p cent up in Canada
Yes, the Canadians do know how to party, nice rise of 28.57% over the water. I've been here since Dec 2016 and at one stage had made a paper loss of 95 + %. Need it to get back to £1.68 to recover my initial investment and have every faith that it will do so. Good luck fellow long term and new investors.
Very healthy we are rerating gradually which is underpinning and supporting the sp with each rise each day.
Share price should be a few pounds ps soon enough.
Should smash through that tomorrow now and take the lead again.
Good game this, follow my leader.
markshaw - good question
So currently I hold approximately 0.5% of the share capital of copl, using 1.3 billion barrels by my math that attributes 6,632,653.0 barrels of oil to my holding, I remember when iog had a similar disparity between share holdings and reserves, it didn’t last, and it won’t at copl .
Nowhere near value yet!
But what's a notional volume of oil in the ground worth to the company / your 0.5% stake? That's the $64,000 question?!
Tonn that's the kind of trader I'd like to go out for a few beers with.
You got guts and conviction! But as long as this 1.5 billion BOIP is back up by hard fact you'll do very very well
Good luck!
6m barrels! Now that puts the SP in sharp focus, ludicrously under valued !! Even if you applied a 99% discount to the 6m barrels, that still comes to 60,000 barrels @ $84 = $5m value
Let the re rate continue as it surely must
A gentle reminder who may have missed earlier post, so far this has played out exactly like last Monday, we rise, Canada rises further and we do 44% on Tuesday.
Expect to test the mid 40’s at least based on Canada closing SP.
March to £1 has commenced.
Which works out as another 15% tomorrow, i will take 15% a day.
20%+ tomorrow. Unless Art throws another RNS then more.
Can’t see us finishing below Canada close today.
If it’s NT first off with similar buying as today then who knows where spike will take us.
Be interesting come afternoon, today was the first day in last 6 trading days when no major action PM - USA closed today, coincidence?
It’s looking like a very well controlled re-rate or rise,
whatever your take on it,
and looks good for Cuda buy, if AM cunning plan works with that last placing 8 mil? more like 30 mil when the dust settles?.
I wonder when he will pop the cork for Cuda? Then the good times really will move, and AM got what he wants even at 33. Still a good move
Let’s not talk about spikes, eh. Certainly not so early in a re-rate. I want to see a gradual incline, which will probably be interspersed with a few red days unfortunately, for the 4/6-week run in to 2021 finals, shortly followed by Cuda and CPR news, and then they can spike bejesus out of it.
Am I right I’m thinking that CUDA isn’t related to the recent discovery? In which case why are people so focused on it? I’d say it just takes up capital that can be better spent elsewhere. While we’re at it the same goes for The Nigeria that everyone is so bothered about (85% profit tax!). Seems to have been stranded in bureaucracy since 2017? Also - Africa? A complete nightmare to get involved in. LTH seem fairly attached to this one but I suggest the paradigm has shifted, we want to clear the decks and focus our time and capital where it can be best utilised to realise value. As for valuation, it all depends on what we want to do with it. If we are still going to be extracting oil as a sizeable mid cap oil company in 3 years then the flow rates on the horizontals will be the key. However if we are going to sell up in 1 year and retire then CPR will be important, followed by a quality horizontal to price concept. In both cases the price of oil at over $80 and rising, with under investment across the industry, will support the economics to our benefit. If all goes to plan a £1bn MCAP based on a conservative 80k bopd production or $3/bbl extractable sale.
It’s worth looking at similar size producers and transactions for comparison.
In my view we should go into production, this is all in one field, onshore in the USA, relatively cheap and easy to extract. Full field development will result in excellent margins, we know oil price is rising, £1bn+ REVENUE company is there for the taking.
GLA
Canada looks to be falling to me ..... ?
Yeah 10% down, what are people on