Member Info for mafioso

Thanks Mumbo

The boards are now suggesting the current bear sentiment is potentially the uncertainty around the ability to finance the $45m debt facility as productivity has to reach a certain level to meet the interest payments and Art mentioned that there had been some pressure issues in miscible flood that needed tackling

Sounds plausible explanation, so hoping Q2 financial update address this and shows both healthy productivity levels and income generation to meet debt and a target date to hit 5000bpd.

Hoping it’s not the funds raised from the exercising of all these warrant that is Having to cover this right now.....

Market is really questioning business acumen of the ceo right now. Praying he passed with flying colours

Hey Fek,

Got this and MHC and still haven’t broken even yet lol...But only 10% down now

Daily trading vols now down to 300m this week, so main churn from relist should be about done and now a matter of clearing overhang of these extra 800m warrants which should be possible by end of week in time for news.....

Jeez - made a killing.....the last 2 drops have been pretty lethal

So long as the money from warrants is used wisely to reinvest as operating capital to improve productivity of company or to help fund further ventures that is all we can hope.

If we start seeing big annual cash bonuses being awarded to Art and his team as result of the deal this won’t look great if it’s money derived from the warrants.

This is where market is now looking for trust and assurances of a competent ceo who can stick to his promises and Maximise potential of company to mid cap status.

Next 6 -12 mths will be defining for this co imo

If u want a simple valuation guide then use this

http://www.canoverseas.com/wp-content/uploads/2021/02/COPL-Atomic-Corporate-Acquisition-Presentation-02-21.pdf

FFS - more warrants and share dilution to churn for rest of week.

Hey Will,

Honest truth?

All PIs got caught by a pre-mediated massive ‘sting’ orchestrated by MMs Hadron et al.

Imo, partial blame of this is due to the over hype build up on boards such as Telegram which have grown very quickly with over 1.2k on COPL alone and this for me has helped the MMs with a game plan. (This is not the first shares this has happed to either, I must add)

With The constant ramping repetitive discussion an d temperature check polls of opening Prices on these sites , this has given Hadron and MMs the upper hand psychological edge of where best open up the sp on relist regardless of fundamental, which basically allows them And Hadron to do a mass sell off and churn of all their placement shares and warrants at a price Point which satisfies their profit margin and also with full knowledge that PIs and retail investors will buy them all up at these price levels and very few would would be competing in selling alongside them

Even though they sold over 650m shares on open day, Hadron still have another 175m left and I Also checked the share register on Simply Wall St last week and there are few other asset mgmt funds also all sitting under 3% threshold eg Intertrader, which were most probably also likely churning their placement shares and warrants

Right now, Total volumes traded since relist is @ 7.5bn , with daily vols decreasing down to 500m which is still a decent level. I think given the placement and warrant were in 0.2s and account for the 5.5bn new shares the vast majority of placement shares and warrants should now be sold, but there could still be a few hundred million left to churn if there were sells of the older shares that were bought cheap outside of last placement

So Imo, for sp to turn, either daily volumes may need to fall a bit further to confirm sells and churn are drying up or we have to wait for another RNS to bring back sentiment
One of these 2 outcomes should happen by 31 Aug..Then hopefully we should see a run based more on the fundamentals of copl. (hopefully Q2 shows improving productivity))

Right now though, we are exposed to pre meditated market mechanics instead Of fundamentals which are influencing sp.

Hope this helps, but just my opinion based in what I see.

ATB
M

Great call Fek

Problem is their trade updates appear to be every 6 months.

Need other news in between

Hi Brazil,

Tend to agree, US markets far more bullish and resilient compared to UK, - you just need to compare performance of DOW vs FTSE in last decade to see the difference in general sentiment and optimism. The other key difference , is they also limit the ability to short shares aswell to very finite time window of just a few days, whereas here you can hold a short position for an indefinite length of time. I personally think this makes a significant difference

But no idea if there is a RNS equivalent there I’m afraid. If you find out, let me know.

Ta.
M

Fek,

You could be calling a blinder here. Buy price is now down in 41s, lowest all day

Nice one Will.

I think this purely down to the overhang of shares form last placing before suspension.
There are now over 5bn new Shares in circulation since relist and these are being snapped up at an alarming rate. No doubt institutions piling in here.
There was one trade for 150m shares this morning at 0.43p and we have now surpassed 3bn shares traded and still nearly 4hrs left

With this liquidity and Volume levels the overhang will be gone this week at this rate and the sp should then motor right up to Q2 results end of pf month

Fingers crossed

It’s NT to buy right now!

MMs must be filling a massive order

Hi 1509,

Sorry to hear. RMS has been a total disaster.

I tried to trade it a couple of weeks ago, but got out after I read their QnA. What an absolute **** show.

Anyway, COPL should hopefully return some much needed mojo

Same here Fek.

I just decided to take the hit as way I see it COPL is a dead cert to bag at these levels imo in next coup,e of weeks, so should claw back my losses and then some..

Couldn’t seem my donkeys doing anything for a while....plus I got bored of sitting on my hands

Good luck bud

Agree Trojan.

There are already big corps involved here including HSBC and I imagine many more coming to the party.

This should be well beyond 1p by end of Aug imo.

Good luck

Hey 1509,

Did you still hold RMS up to today?

Hey Fek,

Sold a couple of donkeys of mine and bought another tranche @ 0.43.