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Shaa what's level 2 looking like... Shaa shaa where are you.. ๐ค๐ฎ
I would say sp rise on Friday was mainly because pi's / traders buying because of upcoming placing at 0.15 which obviously is a very good price / profit from the recent lows ( still rubbish for anyone that's been holding for a while). So all shares bought recently under 0.1 are looking good for a profit.
But with said placing comes massive dilution and so I do expect the sp to drop - only a matter of time imo.
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Stop the dilution and put this sheat show into Administration.
Because if diluted us pi's are wiped out almost completely.
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Too late for scrutiny - they have done us good and proper ๐ฎ๐ค
I hear TW is buying - thinks this is a great company with megga potential - top pick for 2024 ๐ฎ๐ค๐
They are all in together - like a gang of muggers we are being robbed - someone call the police!! ๐ค๐ฎ ๐๐ฎโโ๏ธ๐ฎโโ๏ธ. ๐Them up and throw away the๐
Steve yes you are 100% correct - but would pi's be willing to stomp up the cash just to keep the lights on while the company sell the assets. ๐ค๐ฎ
Probably awarding themselves big goodbye boneses and having lavish farewell parties at our expense.
We don't even know why JV walked or production low.
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I think the pi is totally snookered here what ever happens now - shareholders have been well and truly rogered imo.
With the bod putting out such a low valuation of the assets then there is no share holder value to be had here.
If shareholders were able to participate in 0.150 placing then what would be the point as I can't see sp rising from that point so who would risk buying at 0.15.
Only chance for shareholders is if placing is abandoned. Short term loan put in place to keep lights on while other reasonable funding put in place. Imo. ๐ค๐ฎ
Glad you made something out this pile of ๐ฉ
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Gordon I thought I would wait and see what happens - including see what shareholder group could do if anything - Plus also keep my voting rights just in case hopefully legal action against the bod etc. What my shares were worth yesterday not really care as not with that much.
OK yes gone up a bit yesterday but still I will hold as already written this off. ๐ค๐ฎ
Gordon Cople is priced at todays mc because it has no future - when placing shares come on the market copl will still have no future just a bit of time to sell assets. So there will be millions more shares but copl won't actually be worth more than it is today - so divide current SP x new amount of shares = I expect sp to drop not rise ๐ฎ
๐ค. Just my opinion we shall see.
Small I am not putting them down - just wondering what if anything they have been able to do for us ๐ค
Maybe - or they sell assets for a stated price you still would see much of a return if any? ๐ค๐ฎ
If that's the case most shareholders will be wiped out ๐ค๐ฎ. What's the s/h group done for us then ๐ค
The thing is the bod and may be with partners May have been wanting to purchase the assets from Copl at a price of circa 135m when the assets come up for sale? Then after some more adjustments to work overs they manage to increase production significantly and then all of a sudden they have renewed interest from BIG Oils wanted to JV or buy out the new discovery - this then making the initial 135m purchase for the assets look very very cheap indeed. ๐ค๐
Obviously this is only a thought but IF and it's
only an IF they were crooks then this could be a
possibility.
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I agree I don't think we have been played ๐ฎ give them a couple more days before I get suspicious.
If they are working hard for then that is great imo๐
So I wonder just who ( what shareholders) are in the group doing the talking to copl or legal team etc and why are they the chosen ones ๐ฎ๐
I was not invited to join in any talks and I don't know anyone else here involved ๐ค
Any thoughts on the subject anyone ๐ค๐ฎ
I disagree - if this goes to administration ( which they desperate not to happen) assets will be sold on open market to the highest offer.
If the oil is there then the offers and top bucks will be there.
If oil not there then we have been lied to imo๐ค
So they bought Cuda and atomic on the cheap.
Spent millions on upgrades to infrastructure.
Found new discovery of billion barrels.
And they think we gonna believe all that is not worth more than 135m ๐ค๐ฎ
But is that the truth - we know what copl is like ๐ฎ๐ค