Member Info for Jiving

Jay12 was unfortunately deleted from LSE following an ambush on this board some 3 weeks ago. A couple of stalkers created a confrontation which led to the LSE moderators deleting all accounts involved including Jay's. He was a big LTH in a handful of shares which he was obviously bullish about (otherwise why be an LTH?) including COPL. He tried to build up a rapport with management, and pass on to the board info, to the extent he was able to, without breaking confidences etc. I think he added great value to all the boards he was active on and am sorry he has gone.
(summary I posted on another board recently)

Well hopefully the next piece of positive news will finally break us out of the negative news/share price cycle we have been in for the last 15 months. Allenby's research report suggested 9p as a suitable valuation ahead of 02/04 news, & give a detailed explanation of how they reach that figure.

The 1.5c level does not have a lot of stock available, 2.3m buyers on the bid vs 5.1m from sellers on the offer. That shouldn't last long. Overall on the demand side we have orders on the bid side from 0.5-1.5c totalling 121m and on the supply or offer/ask side we have 25.6m on offer from 1.5-3.5c. Nearly a 5:1 ratio of buyers to sellers, looks healthy for further rises.

Hopefully this kind of volume will clear out out the 2 big sellers. Besides the lack of positive news our share price has suffered from a ton of negative news. Namely 18 months of management upheaval & 3 large stake holders shedding large amounts of shares. The management upheaval is now over & we have a sensible practical plan being put into motion. Hopefully our current big sellers will soon be sold up & at least we wont have the daily big sells holding us down. Even without 'big' positive news we should be north of the 4p launch price of 3 years ago. I hope we see that in April.

Sp "...we stared with..." = "..we started with.."

A sign of how tight the Canadian market is. Today we stared with some 48m shares on offer @ 1c (more on offer at higher levels) those got taken out in the first 2 hours. We now only have some 39m shares on offer at all levels from 1.5 to 3.5c. this is why I am expecting positive news/interviews to take out successive Canadian price levels in the next few weeks. There must be a good chance we will hit 3.5c (2p) before we re-list in London.

One other link that might become important is the US ADR (look how Canadian volume has soared):
https://finance.yahoo.com/quote/VELXF/

And we have at least one buy already at 1.5c.

Shaa, which would mean a price of 2p plus. Which in Canadian terms would mean 3.5c. If LSE remains closed whilst there are more positive RNS's (purchase of additional %; start of gas injection on 1 April; Nigerian marginal licence news; OPL226 news etc) I can see a jump every time to a new level. Also perhaps Arthur starts giving Canadian interviews as a Canadian oilman with a Canadian listed share buying US assets - that would also drive Canadian interest. Its a tight market each boost means a jump towards 3.5c. Has to be a v good chance we get there before trading re-starts in London.

She has gone we are 1-1.5c

Exactly Alberta those offering @1c will be moving to 1.5c or even 2c. Whilst there are now 107m buyers @ 0.5c watching the remaining 1c gradually getting bought up, only takes a % of those to bite the bullet & pay 1c and we are done.

Now only 27m on offer @ 1c, down from 48m+ at open less than 90 mins ago.

Its looking good - in the first 40 minutes approx 25% of the shares on offer at 1c have already been sold, so circa 36m to go in the rest of the trading day. Then we move to 1.0-1.5c.

The grant is serious inflection point, and if we get it its an independent validation we desperately need beyond the money it brings.

Very interesting, but so what? Many many groups/companies SET out to raise capital but actually maybe only 10% succeed. If anyone has a link to the actual completed Oxilio fund raising dont be shy about posting it.

Bob like you I have always been hopeful on this marginals bidding round. But even when the authorities were allowing Nigerian 51%/ Foreign 49% the figures for making that work were apparently at best just profitable. But now in what appears to be one of the most corrupt marginal rounds yet (saying something!), it seems the winning bidders are effectively diluted by another Nigerian entity (ie generals & officials) getting an equal take on each license. How anybody works that mess out God knows. 50% of nothing = nothing, but do they learn?

Sub, thats the party we have been planning for 4+ years right? Happy to join you & others, Bolton I hear is beating Miami, Bali & Phuket as the preferred locale and I'm good with that.

It will also be interesting to see if the US ADR continues trading, code VELXF. If so interested US investors could access easily & volume could leap: https://finance.yahoo.com/quote/VELXF/

This for me is important news.:
"The Company wishes to expressly confirm that the Cancellation Request will not affect the listing of the Company's securities on the Canadian Stock Exchange, which will remain listed on the Canadian Stock Exchange."

Which means from today onwards, any investors institutional or otherwise that want to buy COPL on the news can still do so in Canada. This must bode well for the CSE share price when Canadian & other demand is funnelled into the small float available in Canada. I have hopes it will settle around 2c or 1.15p, so when LSE re-opens we will have a valuation point to guide opening prices.

The FCA is clearly not doing UK based investors any favours by leaving us with shares we cant trade, when another well regarded regulator in Canada allows trading in the same company to continue unimpeded.

So much for your insight LB28, Jay was not one of Arthur's 'placing mates' & got no special privileges.