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Obviously games being played here. To be expected. BHs i hope are close to selling off for now- else why be invested.
We all know the potential value that COPL has, at least they are producing. Alas it needs to improve which i'd expect it to with all thats going ong now and the past 6 months.
For me it's high risk v high reward and i'm happy with the potential of COPL. just has to happen.
IF IM NOT IN THE GAME THEN I CAN'T WIN THE GAME.
Added today so now have 820k shares @ 2.36p so let's see where the road leads us.
PS Thanks for some great informed posts be it positive / negative from many of you.
GLA
Not the best or worse RNS.
Fully funded to now progress oil extraction to 2000 bopd so the only question is. Will they achieve this ?
Given all we know i would certainly hope they will as that is now the primary focus. JV would be a bonus but increased production beyond 2000 os what matters.
Please don’t mess this up COPL.
The ball is firmly in your court now.
GLA for me it’s time to sit back and wait. Reality os that’s all we can do. 👍
thats a great anology indeed. Both have their own validityand needs, but being mobile far more important and much quicker
If you’re invested suggest you sell up. You obviously not a happy bunny. I won’t be. ...
World currently ravaged with corona virus.
Assume you’re aware of that ...
Anyway enough of your pathetic whining.
Why would zioc release an RNS if nothing further to add. Pointless.
Let them get on with it and be patient.
Did you actually read my previous post.
"Don't judge each day by the harvest you reap but by the seeds that you plant"
GLA
Agree totally Jay.
Ore is still there. Highest grade.
China need it. Highest grade. Costs them a fortune back home to upgrade their own iron ore to 65%.
China already well documented high involvement with Simandou.
Zanaga the perfect platform for them to have access to one of the worlds highest grade iron ore resources. And no need for the constant churning costs to upgrade.
Coidic doing due diligence now. I don’t mind the silence from Zioc. Why RNS when no need to.
Bejing back at work. Coidic too.
Do people research. I do. Do people speak to AT. I do.
Major infrastructure dealings now in place. No doubt on the back of that major interest from Chinese miners
I’d expect the likes of FMG and others sniffing to.
Look where we are now as a progressive entity.
A lot further then we were when the Environmental Permit was released back end of 2017. Peaked at 25p then.
A main issue of the past few months has been seritza. I’d guess they are less than 5 million now. JMO.
I’d also hope now in the coming weeks news on various aspects of the project developing.
Like I said I have done my research. Happy to wait. This will be a behemoth in the not too distant future.
GLA sincere ZIOC holders.
I intend to top up significantly in the coming weeks depending on my other investments.
Really is one of only a few life changing investments.
Kindest Regards.
Archy
PS. Everyone entitled to an opinion.
I have 8 shares ranging £45k down to £1k investment. I'd never go all in but each to their own.
i'm just happy i've got money invested..
IG 6.75 sell 7.15 buy
https://ukinvestormagazine.co.uk/novacyt-shares-bounce-as-coronavirus-test-kit-develops/
"The firm said that they are now expecting more NHS Hospital to purchase the testing kit, which should drive demand and sales."
This does though ...
Imo they haven’t dumped shares. Merely an option now to excise the warrants and gain more shares on the profit from the sales and gain more shares on a free ride.
Option 1 for me to excise warrants as and when permitted.
Let’s wait and see.
Although at present all warrants can’t be exercised until minimum 1.4p reached.
Perhaps if they have excised some warrants a TR-1 coming.
That needs news ie LOI which will boost SP
But am I right that any excised warrants don’t have to be sold. Just pay the excise price and keep in the safe.
All good for oracle.
I’m still learning but rather understand fully any share I’m involved in.
Totally agree Casper.
Brandon Hill effective small loss in terms of percentage holding but an actual gain in terms of physical holding.
Oracle will benefit from 74 mil warrants sold. Even at .25p which is the minimum excise price that’s £185,000
Gonna be a lot more than that for sure as it goes up to 1.4p.
I’m holding firm and happy to wait. Roll on tomorrow and next week.
Once we get LOI I believe we get LOS too and the NTP.
PPA not far behind I’d guess. Finance could be any time soon.
With all that’s going on this should explode.
Happy for any opinions as I’m just stating my opinions on what’s before me and my research.
GLA. DYOR and your own thing. :-)
Casper
Your thoughts
Currently 1.839 billion shares.
Brandon sold 47 mil but gained 74 mil in warrants to exercise whenever.
Net difference 27 mil which is effective reduction of 1.46 %
And they get to buy all 74 mil from proceeds of selling the 47 mil.
Makes me think good things on the horizon.
Hence why they sold now before news drops.
In effect once exercised they haven’t sold any shares. Just gained more on a free ride.
My understanding is they have sold around 47 mil shares (down from 212 to 165 mil), but the warrants listed on the RNS expire in 2021, and have prices of .25p to 1.4p to exercise.
So they made a pretty penny or two, which no doubt now gives them funds to exercise the 74 mil warrants at agreed prices, as and when, thus increasing their holding when done. And more money in the bank as and when they do sell.
My point is profits from these sales covers the cost of exercising all the warrants.
Good for Oracle and Brandon Hill.
Not so bad for us as that's a lot of shares churned.
If i'm wrong i'll happily be corrected as i'm still learning too. Just trying to understand the logic of it all.
I do think LOI is imminent. jmo but kinda makes sense.
Cheers archy
Agree completely Casper. Nothing has changed - just Broker sold around 2% ish of their holding.
I do wonder why its happened now - before the LOI arrives (which we all agree it will) but i take it as a positive its happened before news. Runaway train springs to mind on THAT RNS when it lands.
Project fundamentals still the same - sit back and enjoy.
Have a nice day all !!