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But, as said here, gives the bod plenty of time to position Copl for a strong comeback..gla
Definitely good news, at least we have a rough re-admission date now. Not to far away
Happy with this simultaneous approach. And more time means better flow rates. So as far as I can see this is a win win situation.
Can't hide my disappointment. Thought re admission would be much sooner.
I am happy with that, so by this time production should be up, think myabe Art is giving the LTH the best deal here, if we relist early and the new production figures aren't available then the traders will make money when they are released and the sp will be unstable, but if we wait only the investors that had faith will make money....its only a few more weeks to wait then we thought.
Brel I would be happy with a consolidation, am sure most would feel the same
Happy or not, there is nothing we can do at the moment. No impact on the sp.
The 1st April till c.1st June, two month period, does coincide with the presentation graph showing projected injection rates v oil rates and a more enhanced flow rate. AM’s recently quoted ‘7000bopd plateau over 7 years’ for the 1st field (BFU) was indicated to start near the end of 2021, and may be what he is aiming for, ie a good Forward PE value from the markets (Forward PE for USA O&G E&P was then at 33 in January of this year).
No impact as we are suspended
However I see it as a positive and SP opening up a lot higher then originally anticipated.
For argument sake (hypothetically speaking)
SP opens 4-5p
First day increase 100-125%
SP hits 10p
You start putting 10 or 20% day second day your adding 1-2p
Talk on here about share running massively on delisting and you stat to see how done can reach 10,000% quickly
Close
0.38p
Open 4-5p
Rise 100-125% (1st day) 2600% of OP
Hit 10p
Rise 100% (2nd day) 5,200% of OP
Hit 20p
Rise 100% (3rd day) 10,400 of OP
Hit 40p
*OP = original price at close 0.38p
Some reading Charlie’s figures may be a bit taken back but look at the monstrous rise of EUA, I know it’s not the same but evidence on what can potentially happen.
Yep.......a bit loose with the wording.........would have expected words like beginning of June since "end of May" was in there so I think now mid to late June......just more patience required.....:)
Morning guys/gals just read the RNA message, on the upside he mentioned simultaneous
delist/relist, so we at least know , the overlap scenario is being allowed by authorities and
Arty has maintained contact
On the delay itself, did say in posts last week , we had the question mark over the end of
year to 31st December 2020 results, that was notified in Canada as extended a month from
the original by 31st March to the end of April
Think there publication is the hold up to being able to submit the prospectus and as said
the other day we had 3 possible scenario's the 3rd being , we come back 3-4 weeks after
the results published and same/next day submission of prospectus
annoying but as others have posted this morning, should now deffo have some miscible
impact news and fingers crossed if as local press have reported the Nigerian PIB passed
as law after a 3rd reading in Parliament this month, we could finally have movement on
our OPL extension
Clouds , Silver linings and all that gubbins lol
:))
‘Overlap scenario being allowed..’
which means that the prospectus has already been approved
(FCA would simply have referred to the finance house that was offering $65M loans)
which then suggests... AM’s wait is news dependent.
That's a pretty tall ask at this stage, fully diluted 17b shares = 170m per 1p
20p = £3,400m (3.4B) market cap
stick with my based on peer groups listed on the exchange all appear to be in clusters
and transposed equate to next steps 1.5-2.5p then 3-5p and 6.5-10p
one step at a time we will join their ranks but an overheated 0-100 Ferrari ride on the
regulated Main Market a rare sight, common as dogs on the unregulated AIM lol
perspective ggp with a potential 350-400 million oz of gold across its license only got to flirt
with 1 Billion market cap on aim going from 0.5p to 37.5p
Would like to see it but certainly will not expect it, maybe match their 1b with Nigeria back in
the fold later this year lol
:))
Got shot down over the weekend for saying these things things take longer than you think..did I not... called names for even suggesting it, well here’s your proof of that concept. But actually i think it’s good, slightly larger window for progressive news and thus better opening sp / market mcap valuation as others have mentioned. Actually think we have a better picture now and more of an idea.
no prospectus has not even been submitted , all it means is the when ever it happens
late May or beyond delist/relist is expected to be close together
I agree, if that is the plan, there does appear to be an expectation that things will flow
smoothly once in motion
as said earlier though that outstanding end of year results might come back to bite
per Canada release that is expected by end of April, if it goes the distance and it and
prospectus banged in then , the usual 3/4 weeks process takes us to the new rns date
of end of May GLA
:))
Nah shot down for putting ridiculous extensions like a normal still in the process of doing
the deal rto scenarios
our deal done its has and still and always will be in this case 3-4 weeks once prospectus is
submitted, today he updated and delayed it as said prob those pain unpublished results
A lot can happen before End of May - Mid June on multiple fronts. I do wonder a little if its a clever way to get some additional updates in before readmission..
Nah,. I never said anything about still doing the deal did I. I actually said its possible it wouldn’t come back when you all insisted it would. And it hasn’t.
‘clever’ was convincing everyone that there was a delay needed for the audit (which was 1st raised in the original December rns). Original ‘delay’ of April 21st + 10 working days, was then thought to incorporate the revised flow rates. Subsequent delay, could be to consolidate those results or Additional news..
They are 2 separate things Noob, the contract is with the company, delist/relist is
a compliance issue with the FCA/UKLA and be it those outstanding results or
whatever, until we submitted our prospectus for their review, we are stalled
fingers crossed Arty is being his usual cautious self, if it is the where to be published
by 31st March results now by end of April, he has catered for the end of April in his
release as another 3-4 weeks after would be the end of May
Those results hopefully if that is the hold up will arrive earlier and fingers crossed
knock a week or two off the announced delay lol
:))
Your postings Wookie are somewhat dubious
You are an alleged oil man yet have contributed nothing
apart from ‘this may be delayed for a year’
Then followed by lots of nonsense, alleging personal attacks
When it was the research that HFB shot down.
The only one throwing personal insults was then easily seen to be yourself. As you are still doing.
true but your timelines where possible nonsense
as said all along 3-4 weeks once prospectus submitted and now if we had suspended
when we should have we will return 6 months later , still a lot shorter than it can get
and most of that time we where not suspended lol
had one took 2 years and another still sitting in my bottom draw longer pending a return
:))
I’ve not insulted anyone, I retaliated to being called a twaaaaat for having an opinion which actually turned out to be correct.
And freedom of speech is a thing you know, this is a forum for people to voice their opinion. I’m not sure why you would think my posts dubious as I’m openly invested and want this to as best as it can!! I’m just not completely blind to possibility and happy to speak my mind, even if it’s to learn that that concern is not valid! I’m not the messiah as some seem to think they are.. just an investor here.
As a principle I’m 100% against bullying behaviour it’s vile, the alleged insults you allude to are genuine and not on.. should someone think or say something that you don’t agree with it is not a pass to attack that person. Should someone happen to have a different honest view then it is not a pass to assume or belittle that person. It’s simply not nice.
And yes I was an “oil man’. But working subsea, supervising and monitoring deep sea drills isn’t really something I feel I can add here. But I do know that nothing in the oil and gas industry goes completely to plan. When I feel I have something to add on that front I will. But there are some here with great understanding, more than me about such things.
Anyway, if you can’t see I’m pro this share then I don’t know what else to say. The difference it seems is that I take nothing for granted and assume nothing when it comes to investing.
I’m happy to voice to an opinion and to be proved wrong. That’s the only reason I post, so I can better my understanding, if that’s such a bad thing then shoot me down, It makes no odds.
Yep - got one that has until star wars day to return ( May the 4th be with you ) Thankfully can still at the moment laugh and smile about it - probably wont be on the 5th if it dosen't .