Empire Building: Looking good20 Apr 2022 09:50
Well we now have CUDA and an ocean of onshore oil, in a safe juristiction. There will be an incessant stream of spivs trying to panic and seed doubt on this board for a while yet. Hold on to your shares as IMO COPL will be 80p+ by year end, and beyond that who knows.
That's quite a major oil discovery we have in Wyoming, and we all know what's happening in the world re: oil, with a seismic shift in the political will to get it out of the ground, likely incentives even. JV and/or TO from majors is now a very realistic prospect, but the COPL board (much maligned at times, but only to suit agendas) won't let that go without a fair price. Investors and boiler room spivs who continuously post moaning about placing/warrants and the like are just doing it to manipulate that corridor of uncertainty in small PIs minds. They know that this is a winner and they want to trade it. It's a very good sign. It's inevitable that companies raise funds to further develop, it's how business works.
A perspective; Shell have just written off over 3BILLION of company money/assets in Russia. Keep holding people. GLALTH.