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Exactly my concern, the expectation at the end of the March was that PB would be in place in the "coming weeks"...it's now mid-July.
2 months working capital = massive dilution to existing shareholders. Another 3 or 4 placings and we'll have 5 billion shares in issue!
That was terrible English but you get my drift...
Should have said the lower the share price the more dilutive the placing and with every placing more and more potential returns diminish.
I'm not going to move on because the potential here is massive, I've never denied that. But this board is a place for people to post their views on the company, be that positive or negative. Fair play for still remaining optimistic on this, but you must agree that this is exceedingly frustrating. The lower the share price, the more dilutive the placing with every placing more and more potential returns diminish.
Here's to non-dilutive fundraising!
OM, not everyone who criticises a share is shorting or deramping, you're clearly very paranoid. Some people just want to bring some realism to this board. A placing before the dream RNS is now a very likely possibility and no one should be surprised if that is the case! I want this share to succeed just as much as you, I just get tired of the false promises and missed deadlines.
OM, not everyone who criticises a share is shorting or deramping, you're clearly very paranoid. Some people just want to bring some realism to this board. A placing before the dream RNS is now a very likely possibility and no one should be surprised if that is the case! I want this share to succeed just as much as you, I just get tired of the false promises and missed deadlines.
Jay, with due respect - that's exactly what you were saying prior the previous placing, that Arthur won't raise, alt financing in place etc etc. How you can remain so eternally optimistic is impressive!
Everytime there's been a rise and associated large buys, you'll always have comments about insider info or people in the know on here; "that's not punt money" is my personal favourite. Who really knows when or if this rns will actually land, it's been just around the corner for a year or so according to the lse bb hasn't it? What really makes this time any different...
Probably HarryMann
Officemanager, how long have you held copl shares?
It really does feel like that haha - same excitement, hope and comments every time, only to be back to 0.10 in a few days.
At least these price rises are so frequent and predictable, you can actually recoup some losses or gain additional shares (sorry to those in Canada) - because you know it's going straight back down.
"states ceo art Millholland"
That's the frightening part.
I feel the same Oilberta, I'm just despondent at this point.
I'd love to be optimistic but it's impossible to be with this company, I'm now fully prepared for the next RNS to be another placing, and probably a 'small' one (although small in the case of COPL is still absolutely massive) to give shareholders a shred of hope that the promised dream RNS is yet again just around the corner.
I know I can sell out whenever but and I feel like I probably should but the potential here is massive, it just feels like it may never be realised.
Yep, another placing and I'll be out of here - my average isn't very high but my losses will still be substantial.
The cynical side of me is saying that the 'relatively' small placing was only done because shareholders would accept the small dilution (well not really small but you get my drift) and get optimistic that news was very close (only approx. 5 weeks worth of funds after all - something must be on the horizon then surely?!). I have no faith whatsoever that news is on the horizon. What Cdnoilsupporter said gives me some hope but, by his/her own admission, Art gave no timescales in that conversation (unless I missed something), and the timescales in any RNS have to be taken with a massive sack of salt.
Hope to be proven wrong, I guess we'll find out in the near future.
There 's been forthcoming news for ages, I'm becoming more and more disillusioned with this company. Not going to be believe it until I see an RNS (which isn't in regards to a placing).
So happy we've got God looking after Harry's COPL shares, makes me feel much more comfortable about my investment here
From bulletin board to bible group, keep getting confused when I check in here now
You been going to Sunday service or something lately Harry?
Harry, you make no sense - how can you change your tune so dramatically in such a short space of time over and over again? Can't tell if you're taking the piss or have genuinely lost the plot.
Mate you've lost the plot. Most on here think it's purposeful and malicious ramping/deramping - I just think he's mental. How do you have so much free time Harry?! LSE BB seems to be your life.
I'm not even being intentionally mean, you're just a nutcase.