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We are waiting for an RNS to cover the following:
* RBL
* JV
* Q4 Results
A Proactive interview will do for the time being, everything else is just meaningless white noise & hollow disruption.
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There is a concerted effort on here to disrupt & abuse honest investors into selling their holding on the cheap.
SHAME ON ALL OF YOU - many I have "green boxed", but there are other unsavoury characters as well lurking in the shadows. We even have idiots counting down until the end of February GGMS!
AM was duty bound under FCA rules to issue a working capital warning on 1st February. You can either take that as a red flag & sell, or you can believe in the fundamentals of the company & what we have to make a valued decision going forward. AM will NOT want to see his company go under for a few million Canadian Dollars, and IMHO that is very unlikely although possible.
Perhaps we should ALL SHUT UP & wait for news one way or another. Let's face it, we are ALL in the dark & any current comments on the conpany's viability is pure guesswork.
GLTA genuine investors!
The above figure has always been my exit price, which is a thirteen bagger from 16p. ATM, this appears to be a game of poker, & there is a tremendous amount of bluffing going on. The weak have folded or are considering folding, which leaves those that believe they have a strong hand. Only those in the know can see the bigger picture, leaving us to speculate as to how COPL's future is going to pan out.
Surely there must be comprehensive news by the end of February. We await JV & RBL outcomes & Q4 2022 results as well.
Hi Bolton, surely AM hasn't come all of this way purchasing Atomic & CUDA just to see it go down the toilet!
We need a few million for working capital, & that should be underpinned by existing & projected reserves & the 1B FD discovery. The markets are obviously getting jittery, so our CEO should be out there smoothing the waters.
The SP is 7p. because of the fact that we need working capital by 31st March as indicated in the 1st Feb RNS.
I am surprised that AM has not calmed the waters in the last two weeks, so my guess is that some event will overtake the need for more cash. I will let you use your imaginations for that one!
GLTA genuine investors, most of whom are considerably under water!
Hi Tiburn,
We have been given ALL of the jigsaw pieces, & it's just a question of fitting them all together:
* Large Oil Company
* Previous Working Relationship
* EOR Project using CO2 facility
* Prospective JV partner wants in entirely
EXXON!!!!!!!
Hi Bladderman, IMHO the 1st Feb RNS JV statement says it all:
"In addition to securing financing from debt and equity capital markets, the Company confirms that it is actively negotiating terms for a joint venture for the long-term development of its Wyoming assets. The Company plans to announce the detailed terms as soon as they are agreed."
Well said Altag, & well spotted!
Fish et al are NOT interested in accuracy & detail, & simply want to action a countdown until the end of February to scare investors.
LSE Admin - would you please be aware of this disruption & consider a ban for the individuals involved!