The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I agree 100 % as I have been saying the same thing for a long time as EV's are being built in Canada but no real infrastructure. Cart before the horse.
Why give yourself grief from the LB's on this board, just use the filter. I did and it makes reading this board every day more enjoyable.
Over 8 M traded at opening for 0.005 CAD. TD sold almost all, same as it has been for days.
Canada looks a little flat prior to opening 7 M bid at 0.005 CAD 7 K sell at same. Closed at 0.075 on Friday.
Canada SP is now at 0.01 CAD, 7 M shares at 0.005 traded. I tried to top up just minuets ago with 1500.00 CAD at 0.005 and not able to. There are 87 M for sale at 0.01 CAD never have i seen that many shares for sale!
Well said Caw Caw, also don't forget all of the taxes collected from oil. Gov'ts are making a killing off of oil and nat gas as well as selling refined products ie gasoline, propane, jet fuel, butane. so who is going to cover the tax loses from that!
Canadian update
almost 2 mil shares sold at 0.005 CAD and no bidders
I agree 100 % it is a sounds good not practical story.
Also to build 1 turbine it requires
900 T of steel
2500 T of concrete
45 T of plastic (made with oil)
2.5–6.4 T per Mw of copper
9.375M shares all at 0.005CAD
To be a descending triangle there would be a flat bottom with a decline in pricing over the days.
Descending Triangle: A descending triangle is an inverted version of the ascending triangle and considered a breakdown pattern. The lower trendline should be horizontal, connecting near identical lows. The upper trendline declines diagonally toward the apex. The breakdown occurs when the price collapses through the lower horizontal trendline support as a downtrend resumes. The lower trendline, which was support, now becomes resistance.
Sorry I should have put the link that explains. I have used technical analysis for years to help with investing. The key is to remain disciplined, easy to say hard to do as emotions of fear and greed are strong powers when investing your money.
https://www.investopedia.com/terms/t/triangle.asp
Just looking at COPL's LSE share price chart and you have a symmetrical triangle formation ongoing with an uptrend as well as increased volume. If you look below at the explanation from Investopedia Triangle definition, all looks promising very very soon.
Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
Looks like TD is flooding the market again with 0.005 CAD shares 14.7 m traded & 8.2 m on ask with no bidders. Almost all of the sellers are TD (Toronto Dominion Bank) again today.
TD was a big seller at 0.005 CAD today for millions and i have noticed before they have sold large quantities. Just thought it was someone who had other trades to make that were movers in Canada.
I also forgot to mention that Royal Bank has XOP/COPL value at .02 CAD today since the news. It did not give it any valuation prior. So this could also be why a higher than normal trading day if institutions now believe XOP has value. I also have added to my position today.
35,067,300
Latest close .01 CAD = .59 P
Closed same price as yesterday, first time in months.