Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bob - how to you get to your assertion that NNPC approval and financing should be announced this month? Am I wrong that you’re taking Arthur’s words that they have been granted an appointment with the NNPC and that a formal presentation should happen within a month? Are you wrapping that quote in a box with a bow, throwing on an instant stamp of approval, and calling this done and dusted? Maybe I’m wrong so please enlighten.
So people think they will show 2M at the end of Q2 even though they only had 3M at the end of Q1? Is that because of the 2M in funds that were released back to the company? Or is that because you believe they only spent 1M in Q2?
I think everyone needs to think about WHY this share is 0.51 and isn’t moving up steadily on news flow. Is it undervalued, sure but the current price reflects a lot of factors and ignoring them is foolish. So for the ultra bullish crowd, why do you think the current price is what it is? Is it being held down, do people not appreciate the story or potential, is it a conspiracy? Perhaps a pragmatic line of thinking will uncover the risks and hurdles yet to cross and the history of a man that’s known for saying one thing and doing another. Current cash position up to the end of June will be known soon.
As one poster said, some would prefer to pray and put their head in the sand. We all know they need money and some realize they can’t actually go within two weeks of bankruptcy, so the market and those selling are “placing” a bet they know the next move. I can’t fathom why it is such a far fetched concept for shareholders to get their head around. Either they place at these lows or they have news to share which lifts the SP prior to. We know the meeting is supposed to happen in August but then need formal approval. So it’s wait and see, and until then, choppy waters.
MP - I found that UKOG is now trading at 2p. So for sake of comparison, many here believe this company will grow into their ambition of a mid tier producer and a steady increase over time. I get the impression you’re a trader, and that’s fine, but people deserve to know your angle when you post such rosy statistics because I’m sure you have an entry and exit plan. But not all do and get caught up in the hype
Because they need MONEY and he’s got a reputation for pumping. He was not concrete in denying the potential of issuing more stock and he said they are looking for creative ways but in the end it’s all dilutive one way or another. Potential investors are clearly wondering if there’s a chance they can buy at a 20% discount.
Well we know near term to Arthur means about a month, not a week. He sure seems confident something will happen, though I’ve seen this story ty unfold a few times. Things seem to be moving but we won’t know until it does.
Irwin was already in pre Ebola and added before the eventually Liberia drill. I believe Art last purchased shares on the open market before the pre drill rise at $0.04 CAD. Some of his employees were buying right up to the duster. I believe Art, the Chairman, and Irwin are still the three biggest shareholders. I haven’t looked lately but would be interested if any options or warrants are still out there that haven’t expired for insiders.
Isn’t her role is investor relations? And she’s responding to people who own shares on the LSE for which they might need more money soon? And she most certainly knows what she’s saying is being shared? Guys, her job is to promote the company. Let’s take a bit of a step back. We all know what the company is waiting on and what needs to happen. I’m really failing to see the excitement.
Ha. It’s not scaremongering Harry. Step outside the bubble and look at how silly the conversation has turned. All because an alleged email back from Cathy that has been turned into a seal of approval with immenent news. I’d love it to come next week, but I’ve been around long enough to know that’s likely not the case. Big, and I mean BIG buying and an rise in SP will be your indicator. Not what some bloke tells you on a stock chat about an email he received from the company. Also, there has been 21000 shares traded in Canada the last two days. But some will tell you it was 3M alone yesterday. One of those things is true, one is not. Just like everything else.
Thank you for adding your two cents. I do not expect anything immediately. The sells and low SP also tell you that if others bother to look for real signs. The scary part is that you mention the company should have known 16 months ago, which completely contradicts a lot of the assumptions on this board, that COPL had now way of knowing it would take this long. Peeps never to be more critical in their thinking of their investments. I will guess we are in the same position 30 days from now. All this hype and hysteria about news is nothing. Enjoy your weekend and put your shares under your mattress.