The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I really don't get what everyone's problem is here...
"Subject to regulatory approval, the Company now expects the re-admission of its common shares to occur towards the end of May or in June 2021. It is now intended that the cancellation and re-admission will occur simultaneously at such time."
We are still in June are we not? So chill out, wait until July at least to get your pitch forks out.
Everybody will be different. For me, I will be cashing out as soon as it hits my target of 1.5p. I bought in at 0.004 p so for me it will pay off my mortgage at 28 years old, why would I not cash out.
Others may have only bought in at 0.3/0.4p so want to hold until it goes higher.
You will always get more people buying in at say 1-1.5p because they see how it will increase to a higher SP and they will still make a profit.
I bought a load at 0.05 as well. Then averaged up to about 0.23p in the end. Got quite a few million shares in my pocket so anything higher than now is great for me. Hoping to be mortgage free at 27 years old. DFIU
Personally, I couldn't give 2 shots about when the relisting will be. Everyone is locked in (apart from petro) so nothing more any of us can do (apart from petro, he can cry in the corner). If it takes 3 months, then production will be ramped up and the SP will be higher on re-opening, and possibly some other news in the meantime will increase SP as well. Take as long as you need Art. Bottom line just DFIU
For those worrying about the suspension please read this RNS:
Fri, 18th Dec 2020 15:33
RNS Number : 2233J
Canadian Overseas Petroleum Ltd
18 December 2020
...
The United Kingdom's Financial Conduct Authority ("FCA") has confirmed to COPL that, although the completion of the acquisition of Atomic will be regarded as a reverse takeover for the purposes of the Listing Rules, no suspension of trading in its common shares will be required until such time as the acquisition becomes unconditional ie completion.
...
GLA, hopefully won't have to wait long
If they cancel the existing listing and relist under a new entity how does that work converting our current shares over, does the broker just handle all that for us, or does it mean we have to manually sell/buy back in?
"Listing of the Company's common shares will remain suspended until such time as the Company either publishes a prospectus relating to the Proposed Transaction or submits a restoration request for approval by the FCA."