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So where does PRIM investment now go? Is it directly into VRFB-H or do they acquire shares in Bushweld Minerals? Can anyone clarify what may happen now?
Share price manipulation is now so blatant but nobody cares and now thats the way it is.
I agree about the high UT. MM' s are manipualting share for their own ends thats a no brainer. Now shwoing nearly 5% down with the 3% from UT making the drop look worse than it is to try and panic more people into selling. This is the market and accepted behavior from the authorirites and this is why I am looking to sell all my shares at the right time in the future.
The market does not like the level of debt, constant share dumping since re- list, CUDA hovering in the background, Also COPL are only receving 57% of production so means production figures wil have to go through the roof for share price to react postively. Still in here but learning a lesson about companies with never ending warrants etc.
Posted link earlier about price difference in London and Warsaw but website details have been removed so here is the article from Directors Talk Interviews dated 5th February 2021 and article heading is " Serinus Energy Note pricing anomaly between London and Warsaw listings."
Serinus Energy plc (LON:SENX, WSE:SEN) have noted that recently a significant difference has developed between the prices at which shares in the Company are trading on the London and Warsaw stock exchanges. Shares on both exchanges have the same International Security Identification number (“ISIN”) JE00BF4N9R98 and participate equally in the profits of the Company. Regulatory information is notified to both exchanges at the same time, and the directors confirm that the Company has notified all price sensitive information required by securities regulation in both jurisdictions.
The Warsaw Stock Exchange is a Recognised Investment Exchange whereas AIM is a Multilateral Trading Facility; the former requires a prospectus for the admission of securities whereas the latter does not. While the Company produced a prospectus, available on the Serinus Energy website and dated 26 September 2014, admitting 38,479,608 shares to trading in Warsaw, it has not been updated since. In total 78,629,941 shares have been admitted to trading in Warsaw. This means that whilst all 1,140,660,629 issued and outstanding shares of the Company are eligible to be traded on AIM only 78,629,941 of these shares are eligible to be traded on the Warsaw Stock Exchange.
Found this link in connection with price anomaly between London and Warsaw.
ttps://www.***************************/serinus-energy-note-pricing-anomaly-between-london-and-warsaw-listings/412958848
poorman- sending you an abundance of blessings........ as a fellow brother in humanity..... and I choose to to be happy now no matter what.... what about you?
https://www.google.com/search?client=firefox-b-d&q=serinius+share+price+warsw
Took the figure from the Yahoo website and trying too help with internet iinformation available about the share.. I do have an investmentt here . Not in my nature to mislead anyone.
Current market cap on the Warsaw Exchange is 236 million PZ which is around £43.5 million????
LS28 thanks for the info- no expert here. Thats good news could I ask what is the difference between gross and net bbl/d? Is this COPL's share or something else?
LS28 totally agree 1600 bbl /d net on a net back of around $ 30 works out at around $ 1463, 000 per month, less expenses and the interest only to the loan. This is what the market will be looking at plus the fact loan payments will increase by nearly a million a month next March. Hence price is were it as at. I am no expert here but now a bit concerned here as market cap not the issue but how COPL can make profits going forward.
Evan 3020 Just going by posts and one poster mentioned it was official and according to them looks like investor relations company most likely in Canada have backed this up. Not 100% certain though. All the best.
So looks like consolidation is happening and been confirmed. How do we know if a placement has been done or is happening? Or is this just guesswork?
Holding here and it seems the big issue here is going from around 5 billion to just under 16 billion shares in just over a year in order to buy Atomic. Does anyone know any other companies in a similar situation and how things played out as it looks at the moment that any sort of sustained rise will simply be sold into.
SPENCER1471- Thanks for the excellent post about company going forward. I also have to say the last line of your post is absolutely hilarious- apologies Deepjoy. All the best to you both and all OO investors.
..... sorry meant to say 300% dilution ove rthe last three years....
Thanks for your comments Brel. Personally, I have learned a good lesson here in regards to companies who continually dilute for one reason or another. I will be staying away from these in the future as investors are merely pawns in a bigger game to benefit everyone else apart from a few clever pi's who would have seen this coming. Yes the fundamentals are solid but as yet having no postive effect on the share price. Glad you can also see the bigger picture here. Thanks also to Hopingforbags for figures- so 300 % dilution over the last based on current shares in issue although I am that is sure that is now quite a bit higher. All the best
Holding here but very also being realistic as company has been diluted some 400% over the last few months. thatis massive dilution. So shares could continue to be churned back and forth making money for warrant holders, ii,s and all those who got free and cheap shares and off course the MM's who will be delighted with this situation. My real concern is that this may continue for a very long time with the share price going up and down by a few percent - no matter what goods news lands. Any thoughts ?
Thanks for your post Levs .My own average is just under .35 and bought in at the end of February. Like you I am sure that this will bounce at some point. To be honest I dont know when. Patience required. All the best.
Placements shares and warrants being sold are at the heart of this . Dont have exact figures as RNS service down on LSE. I know amount of shares have increased from around 4 billion to 16 billion as aresult of placements and warrants issued over the last few months in order to buy Atomic. So any ideas how long this will take to clear? Personally I have learned a harsh lesson here that no matter how good the fundamentals always take into account a company's situation around placements and warrants. Still holding until at least then end of the year. All the best .