Member Info for Jiving

When I first invested in COPL in August 2017 there were 1,273 million shares outstanding (09.06.17). If you allow for the 100:1 consolidation, that is 12.73 million in today's 'money'. The latest figure as of 15.05.23, gives 439.44 million shares outstanding.

So the number of COPL shares outstanding has multiplied 34.52 times over less than 6 years. But of course we still have the vast majority of convertible bonds left to convert, which will likely at least double our share capital over the next couple of years. So in practice the number of COPL shares has multiplied around some 70 times over 6 years. (Hence the need for a 100:1 consolidation). For Arthur, consolidation & dilution are interwoven & interdependent, as the Chinese idiom puts it as "lips and teeth".

Thus for COPL investors when Arthur proposes a 1000:1 consolidation, thats not a red light you see flashing - that's incoming, that's DEFCON1.

Sorry to steal your glory Thompi, but back in November 2019 I triumphantly grabbed 50,000 @ 9.8p. As they had been trading above 10p for some time I remember posting here, words to the effect: "Just managed to get 50k under 10p, we wont be seeing that price again..."

At least I got part of that right.

Transhaven, I feel solidarity with anyone stuck in the deadly duo of COPL/NFX. There are quite a few of us. I take a more optimistic view of NFXs prospects now than I do COPL, which I largely exited last year, Thank God.

Transhaven it was a leading question that you then provided an 'answer' for : "Why would DG be in a telegram group? He would not."

And the simple answer is he is in that group, providing very helpful explanations of material already in the public domain but explained in a user-friendly fashion. The simple answer for you & other doubters is to actually join the TG group & see for yourselves, at the moment you are denying something that you could ascertain is true in less than 5 minutes. Dan has been engaging with the TG group for a few weeks now, so it has absolutely nothing to do with the Earl. The group is clearly largely composed of LTH as even a few minutes spent there would confirm. Ironically you are the one spreading 'fake news'.

Transhaven - whoever you are - amazed you come up with some crazy hacking claim, just another desperate fantasist.

Dan is on the Telegram group board in person & as Drago correctly states is using his own phone number to set up his account. The advantage of Telegram is that groups like the NFX one are properly & professionally moderated; so abusers like Earl of Aim & Mulder would get very short shrift if they tried their tricks there.

Filter I know you are a genuine LTH, why dont you check it out - its genuinely helpful to shareholders without breaking any disclosure rules. Seriously just check it out & see what you think, you will see its genuine & reassuring, within obvious LSE/SFA regulatory disclosure limitations.

Dan is actually on Telegram, its not a myth, and just as importantly he absolutely does not disclose any market sensitive information. He is simply explaining how the tests work, why inhalation beats oral etc etc. I genuinely dont understand why any LTH simply dont sign up & follow the TG convo.

Good analogy Howard, be nice if we get a hint of direction from the BOD soon.

He does appear in very good spirits this morning, bodes well for results I hope.

Very pertinent research MM. Thus the Glencore marketing agreement can be adapted to work with either of our two most likely options going forward. Mattradio mentioned a while ago that Glen share/stake sales had often included a royalty element, one I looked up was for 1.5% pa. They could well be looking for something similar here, after all at 30m tons pa that is a sizeable risk free income flow.

Looking at the RNS link again, I was interested to note that output was specifically intended to be in pellet form ".... to produce 30Mtpa of high grade iron ore (pellet feed) concentrate over a 30 year life of mine..." Exactly what our Gulf friends, and others, require going forward.

Thanks for the suggestions that is what I was thinking we really need a world class miner involved. I appreciate Glen are more a dealer but they also dig (albeit operating mines rather than start-ups). Given the Xstrata connection might they put a team together? Is it the case that RTZ essentially play that crucial project management role at Simandou?

It will be interesting how it works out, if ZIOC dont have the personnel, Glen aren't interested, & we get someone like Maaden in as a non-operating partner, we still dont actually have someone to do all the dirty work. No doubt this will all become apparent when we get our first RNS with the details of what might be a multi-party consortium.

So who would be the mine developer/operator? Would that at least initially be a ZIOC/Glencore role, if Maaden (& the steel companies like Kobe) want to be minority non-operating holders?

Good find as ever MM. This sentence struck me as relevant to any involvement in the Zanaga project & whether there was a prospect of an early buyout - here they state 'minority equity position' and 'non-operating':

"The new company’s strategy will be initially to invest in the iron ore, copper, nickel, and lithium sectors as a non-operating partner, taking minority equity positions, the statement said."

Perhaps he had a position on 27 March that he doesn't have now?

NFT seems to have adopted an excessively pessimistic view of our current position, which is at variance with many of his earlier posts over the last 12 months. He actually reminds me of another poster from wayback - Aim4Utopia - who for a couple of years dominated the board but with an excessively optimistic view of NFX & its prospects and took great offense at anyone daring to suggest all may not be rosy on our path to great riches.

Ed, 100% with you on that that. Whatever an investor's views on Art, the future, the JV, rampers, derampers - we should all unite on voting down the consolidation.

The guys who are trashing Bob & Bolton are outrageous. These are genuine shareholders from wayback. The idea they are derampers is gross & grotesque - a cheap insult to anyone who speaks simple truth.

Great post Doug, the arithmetic is stunning. Voting for this crazy consolidation is an invitation to investor suicide.

Excellent analysis of the situation Extrader, & mirrors my own thoughts on our recent history.

AT can really only be readily accessible when he is not involved in confidential discussions. Once he is involved, for reasons of both commercial confidentiality & regulatory limitations, he has to tread extremely delicately & probably the safest form of investor contact is none. I take AT's silence as a positive in the circumstances created in the aftermath of the ZIOC/Glencore restructuring - which was stated as being undertaken to attract in strategic investors, something I believe is highly likely to be taking place in real time.

Hey Baserite good to hear from you to, hope you are not as much under the water as I am on this thing! IMO this is the last straw, if he pulls off the 1000:1 consolidation I cant see how anybody will get anything back, even from todays share price. If it passes I am out for good & off to get a decent curry & a beer with the remaining proceeds.

Brel - but only if you are a family member. Seriously what a sick joke!