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Setting the tone again UT trade 0.36p at 0900 auction
period start
08:36:55 0.35 GBX 9766,649 £34,476.20 Off-Book P LRGS XLON
Delayed traded printed flagged same as many others seen our
routine seller ?
Busy start with 5 pages of trades printed in the first hour , keep that up through the day
and it's 40+ best last week midweek Wed/Thursday 30/31, churn volume keeps up at
pace on track for another 250-300m day plus whatever as Shaa calls them late larry's
appear lol
:))
Typical. MMs become predictable now.
Morning drop to grab a few cheap ones before taking it higher. Most of us not willing to sell any knowing this should be sitting close to 1p and higher in a few weeks.
Q3 production numbers in about 10 days.
Q4 outlook.
Nigeria update in Oct.
Buying continues but rounded number sells.
Seller is still there through MREX,
Patience will win the race.
A bit of selling first off but now buys are fighting back.
topped up .3547
No UT trade setting the tone on the bell today , see if we get one at 09:00
3 decent early trades 2 x £12K and a £13K all so far routine London trades
As for colours and labels as always the Markets do not use them and anything
within the spread can be either for the Algorithm to best guess wrongly lol
:))
Unfortunately, the wider market looks a little shaky today.
Live price to sell is 0.36 so the trades at 0.3624 marked red are buys.
0.3624p to buy but only 7K max allowed with Lloyds.
MM’s want to keep it around here I feel
The shorts having to sell????? what are you talking about?? shorts need to BUY to close positions!!
Consolidation might prove to be a catalyst for realising some of the fundamental value..
most peeps would agree that normally a consolidation sees a drop in so, but this is usually associated with all the shorts having to sell.
At the current sp & no one would be daft enough to put a decent short on. Hence we could be pleasantly surprised in addition to then getting more ‘manageable’ shares in issue, likwise give the market some confidence…imo.
Allowing a stock to trade under a half a penny is well , ridiculous.. only for the day traders and shorters , not the investors
TSX and the CSE trade in both the same way , going to the TSX isn’t going to happen and frankly that’s not the problem ..
be more than 10 would not have needed the new vote if only up to 10
Ideal would be rerate , Nigeria we are now 3p , 100-1 consolidation move from
Canada cse increment hell to the actual TSX we are over £3 a share all major
real II's and other sector investors arrive we roar to £10 and Copl takes over
the world lol
:))
Right time to hook up the footy l8trs
Obviously a 1 for 10 consolation would put us at at 3.65p.
Whatever way the fundermentals of this company look attractive.
1 for 10 consolation looks attractive.
My target is £200 million or 1.2p, with intention of holding for 12 months.
question remains as to the level consolidation will be set at , must be over 10-1 as he already
had that arrangement on the books, the 100-1 could just be giving himself plenty of leeway
so as not to **** holders off with another vote to increase again if set too low
The latest states UP TO so all we do know is it's between 11 and 100-1, we have no idea what
if anything else he has simmering in the background that may require an early consolidation
to raise a very large sum for a straight equity acquisition ?
Still clinging on to the hope he might remove the cluster**** that is the CSE increments and
in conjunction at some point move to the Main TSX balance and make copl more attractive
to US/Canadian investors
It could happen very quickly, that he is in that position , we rerate to a sensible market value
then Nigeria comes back to the party it is possible we rise to over 3p at which point that 100-1
would mean we can also qualify for the $5 on the TSX and finally see where the other side of
the pond might lead us lol
:))
only Arty knows all in the background
enjoy the rest of the weekend , just had a look at Nigeria news and lots of Gas stuff
more NNPC corruption and a massive rise in reserves value due to oil prices l8tr's
Share consolation is a good way forward. All in good time.
I thing he will let things stabalise a bit before he does the consolidation.
It must be time for Art to undertake a share issue consolidation 1 for 100?
Stop the churn and make the sp higher.
Time to remove the lowly penny status.
C.