RE: Important life lesson5 Jul 2022 15:05
3littlepigs - that was a heartfelt post, although your knowledge is a little awry.
The crucial part or investing is timing, & that is the crucial part of any investment decision. You can make very quick profits, & you can make very quick losses. As I have mentioned a few times on here, I was in 88E for five years. On two occasions, I could have made a killing, however greed took over & I held. Eventually in March 2021 I saw the SP go from 0.29p to 4p in THREE WEEKS. It was third time lucky for me. If I was investing in COPL today, the current price would be very attractive. The reality is that my average is probably around the 30p mark, so patience is required for a decent return. IMHO, the fundamentals are sound & the next 6-9 months will be pivotal. If it's any consolation to you, there are many investors here who are heavily invested. My own holding is around £30k, although most of that is in an ongoing Pension Drawdown A/C. This affords me the luxury of an open ended investment term, so I can sell when the time is right.
You are right about the increased 85% WI in CUDA, as this will put more money on the balance sheet for future lending. The RS IRR will need to be user friendly for the likes of you & me, and as RS are Independent we cannot escalate that process. You are wrong about timescale for the Fed Deep horizontal. AM has previously indicated a post Sage Grouse plan in September, however I believe that will now be pushed back to Q4 owing to the shortage of steel pipes.
In any event, Cuda Closure, the IRR, RBL refinancing & the FD drill will take place in 2022. In investment terms, six months is a drop in the ocean, so sit tight & enjoy the ride North.
IMHO, it will come good.
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