I think so SteveV. I think we're nearing the end (famous last words) of the flippers. We've got to remember, we pretty much spent the full month of December under placing price, there's no doubt they were forward sold and they were dripped out for few weeks prior to announcement but I don't believe they were selling under 20p, and potentially that's why Art announced the find when he did - clear the decks before the official confirmation - we can only surmise. We have a high free float and it was retail who took us below placing price due to the announcement which is the norm for any company. We've shifted a huge amount of warrants and shares in the last year and we will have more in the future I'm sure but the shear size of discovery when confirmed will take us into uncharted territory and so it should.
We're on the cusp of something spectacular, and all the gloom and doom merchants in the world can't do a thing about it, however, much they try. Eye on the prize and buy -£60M MCap for what we have is chicken feed - we are part owners in one of the most significant oil finds in decades.
I am an accountant in the oil and gas industry and I’m not worried - this is a huge opportunity- take it for what it is - if there wasn’t a risk we wouldn’t be sitting where we are, however, even if Ryder Scott announced it was mud and not oil there is very little downside compared to the potential upside. GLA
Great post wiseoldfool . We’re sitting on the motherload of all oil and (some) investors are worried about a bloody placing - the amount of oil we have a placing wouldn’t touch the sides. This is monumental and it will be announced and confirmed very soon. So far Art has picked up Atomic for a song and then discovered 1.9B bbls of oil- and the great and the good are worrying about a placing. When you have no oil, it’s the only source of income. Takes time to build capital. Art will make you all very rich if you sit on your hands. If you think otherwise - sell. You can’t make it up! Buy, buy, buy it’s really that simple! GLA
Anyone posting looking for information or opinions on the movement of a stock and if a placing is on the cards really is in the wrong game - what reaction do you expect?? I'm sorry, you either have an agenda or you're over leveraged - which one is it?
Agree bob. The thing is, it’s a free ride - we’re already undervalued without the find. So if it is one great oil mirage -and Art and his team don’t know their oil from a cup of tea then wait a few months and you’ll see value return. You’ll be hard pushed to find a better opportunity than this to multi bag in any market.
I’ve always felt that, never say never in this game but everything points to a very significant find and I suspect Arty boy is being conservative. He’s vastly experienced and he’s had 5 months to check, double check and triple check the figures. I don’t think we’ll have long to wait on the CPR as I’m sure Ryder Scott have been involved along the way. We shall see - there’s only two things guaranteed in life - death and taxes - I’ve got a feeling investors will have some meaty taxes to pay this year.
Two days ago we were heading for triple digits by Friday, today we're heading back to the doldrums. The reality is, we are sitting on a life changing amount of oil, of which AM holds 1.6M shares I hasten to add. Stick to facts and not conjecture, the same people were saying we were going sub 10p a couple of weeks ago. Use the facts you are given and buy on the dips, days like today are where you make money, its the same opportunity as Monday - only difference is we're two days closer to CPR and we're 20% cheaper - fill your boots. Ignore the noise and buy. GLA
The quicker some serious investors buy into COPL, the better. Unfortunately with such a high free float and such a rise in two weeks - it’s easy pickings for a trader. Getting stickier hands will happen but today was panic selling. Fundamentals are strong, what we have is HUGE - an asset that many majors would love to own.No one said investing was easy but that’s why only a few are successful. Stick with it guys.