COPL - Biggest Potential Riser?25 Feb 2020 07:48
Sometimes it's highly profitable to be contrarian in ones thinking - 'buy when there's blood on the street'.
I would say when you've stabilised the patient but they're still not out of the woods, is probably the most fortuitous Buying opportunity for those scarce few stocks that actually have the potential to give the stellar rises looked for - and much greater than TYMs 325% days rise for example.
COPL presents such an opportunity with if course the associated risk profile one would expect of such.
However, that risk has been mitigated to an extent by the CEOs injection of his own funds to address the short term cash predicament the company was in. We also have some significant, individually large Buys not really consistent with investment into this company as a 'punt' - my own view of my holding.
What the cash injection does is show a degree of confidence in current processes to advance the company in its current efforts to drill in 2020.
We don't know how far progressed that is but the extent of the loan and cash burn rates, suggests very near term news either way.
The price looks buoyant and without the quick spike & profit taking seen previously and exacerbated / initiated by certain elements on the board.
The current price action looks more buoyant with sustained buying on any dips and also extreme difficulty to actially secure stock on the aforementioned dips - a friend of mine couldn't even get slighly above £100 without it going to NT, hence many wont be hazarding active trading I would guesss.
COPL has certain obvious risk factors attached as has been discussed here previously but also has the potential at least, to be a mammoth riser given the right News that many are anticipating.
Atb & have a peaceful day all