Member Info for Bridgedogg1

Anyone buying at these levels should do well imo

Consolidation will happen automatically

Yep, working that sake through today, now for a strong finish

Seems to be just a phycological barrier at 0.3p, once broken we can move up.

Getting their books sorted for the consolidation.

Good to see a bit of steady buying. I know that a lot of PIs have this on their radar, just a case of giving them a reason to jump in. Don’t think it can go much lower before the news flow starts pouring in.

Judging by comments in the interview production could drop a little so that the Shannon facility can upgraded to cope with the higher flow and pressures. Indication was that this would be cheap and quick but might impact short term figures. The biggest news will bd flow from the deeps, horizontals should be 3x whatever the vertical gives us.

Change after 2 mins of trading: -0.001p

COPL PIs: :-(

Buys beat sells 10-1 in Aus overnight but on low volume. I was hoping for RNS today but hopefully this week.

Uranium is the big play now, Lithium yesterday’s news. THR drilling Uranium this quarter with gold and copper updates in October. Tiny MCAP.

Gold - infill soil and stream results this week or next - start of grant funded 4000m RC drilling in October
Copper AE - awaiting final drill results, results of hydro geology work due Oct
Uranium - awaiting permit to drill (enviro permit now received), RC drilling along known high grade and untested areas
Tungsten - diamond drilling programme for resource optimisation

http://www.canoverseas.com/

I assume all investors have watched the presentation on the website? Not sure why you would sell if you had. "our shareholders are going to see a strong lift from this"! Never heard a CEO make a statement like that.

2 mile horizontal drills on the deeps!

Butane hedges should be returning some nice cash atm.

Along with increasing production to Shannon and testing in deeps I'm expecting another deal to be done fairly soon.

As at March 31, 2021, the Company’s cash and cash equivalents amounted to $29.0 million.
Atomic assets worth $54m when the price of oil was in the 50s.
Some value must be attributed to Nigeria.
Workovers and gas injection resulting in daily increases to production
Oil discovery in Barron deep where production casing is currently (31 Aug) being set to 6 intervals for testing

They are selling because they are not investors, they are financers who look for a low risk high return on a quick turn around.

Consolidation doesn't mean cash raise! I've seen companies raising at 0.02p

Hopefully its a signal that we are moving out of the 'confetti' stage, with producing assets and a high POO. Sure there might be another raise further down the line but at least it wont be for 'working capital' which is just a dilution. The market likes cash raising for specific measurable projects that have a good ROI. Huge opportunities in the O&G space at the moment as Atomic shows.

So far today no real action and glad to see no huge sells. TR1s should tells us if the usual suspects have cleared out. Yesterday should have put a stop to the slow decline, a few short termers may be moving elsewhere but generally a good outcome and a solid base to benefit from positive news flow which should come very soon.

31st Aug ‘ all assay results anticipated in approximately 4 weeks.
Pump testing for initial hydrogeological baseline work forming part of the 'proof of concept' for ISR, including water characteristics, porosity, and permeability testing is scheduled for start of September. Preliminary hydrometallurgical studies by Mining and Process Solutions (MPS) on potential lixiviants for copper and gold recovery will commence once ground water samples are received. This work is all co-funded by the SA Government Accelerated Discovery Grant (ADI) of A$300,000.’

They probably also had a target price but I expect they had a stop loss like everyone else. still making 5 - 10% risk free.

This was edging down and its nice to have it cleared.

Also UT buy on the Ask spot on 2pm! Well a broken clock is right twice a day right?

Well at least the morning ten percenters are out now, all set for the 2pm return from lunch crowd to move this into a blue finish.

Just seen the £8,994 trades. I remember on KOD just before it went crazy the second time there were a large number if £8,994 trades every day as someone build a large position under the radar. Just a coincidence I'm sure but i will take it as a good sign for myself.