The most undervalued stock on the market18 Oct 2023 07:17
While the shorts and their shills would beg you to believe that the JV won't happen because it's been under negotiation for some time, what they won't say is that most JV negotiations take *at least* a year, with some taking much, much longer.
But all the signs are that COPL is very much on the verge of one. Mere weeks ago a Letter Of Intent was signed by both parties, a tool usually used to get business started while finer details are worked out. It was followed by the appointment of a new CEO and creation of new board spots (clearly intended to be filled by partners) - were these not JV requirements, they simply wouldn't have happened. That was the followed by securing of financing and a clear pathway to profitability. The JV talks themses have been mentioned in almost every update recently as well. All of these things are boxes being ticked, indicators that JV talks are going well, with finalisation likely in the coming months.
But of course, the JV was only ever the icing on the cake. Even without it, COPL still owns millions more in assets than it's current market valuation - opportunities like that don't come along very often! So while everyone should do their own research, for me COPL is probably the most undervalued stock on the market right now even without a JV. With one it is undoubtedly a rocket ship headed for the moon.