Hey Will,
Yeah - waiting on formal approval from GOI of purchases of Gujarat State Petroleum which was announced in summer.
Regarding COPL. Been trading it for past month following that IG interview as well as some direct comms I had with Art before that.
After the last RNS and poor price action I can only conclude that the delayed spin-offs are the issue and maybe the perceived latent value of the company as a result
For those that are stuck in this with me
FYI - Spoke direct to Rob (Chariman) this morning and he answered pretty much all my questions.
Good guy.
Things are still positive, just more patience required now than before.
So hang on in there peeps, all is not lost....
Cheers
M
Well it’s sailed passed the 50 MA and now 200MA is in sight,. If it can breakthrough that tomoz should go on a extended run to 40s and maybe to 50s I think
Volumes are looking very strong too, so Fingers crossed.
Hopefully November sees a return of general sentiment and volumes for many more stocks on run up to Xmas and New Year
GLA
Hey Nol.
Agree, but it’s obviously better than the bridging loan they had currently and puts the company on a more surer footing to be setup for the future to invest in its production capacity.
Once production and revenue increase to a decent profitable level, they should be in a position to be able to refinance the debt on more favourable terms at some point next year. This is how I think the market will see this if it is forward looking
Cheers
XV - check on Simply Wall St to see shareholder make-up.
If float mainly retail investor based then brokers will have fun and games, just as they are doing on COPL which has the same problem ie lack of IIs, and brokers still holding loads of warrants.
Yeah Bojo.
You’re absolutely right. Core fundamentals, investment case, BOD etc are all key factors in terms of the Bigger picture and longer term horizon
All I’m pointing out is ultimately the ‘other’ market mechanics at play here when you are considering possible entry ; reentry / exit points in the nearer term based on events such as these. We all know stocks rarely go up in straight line on AIM, no matter how good the investment case and this is down to broker strategies i
Accelelerated Bookbuilds are the ones to watch out for, as this iis mechanism used to raise equity very quickly and in the at scenario it typically means the sp is negotiated by the brokers to provide the funding and They buy up shares bulk rather Thanks canvassing and lining up institutional investors first to invest in early.
This is where sp really gets manipulated
Hi XV.
Appointment of a joint broker tends to indicate a fund raising activity.
In theory, Having multiple brokers will widen network links to raise cash, but in reality the brokers themselves negotiate with the company to get the nest deal for themselves interms of placing price etc so they can do flips
Tbf brokers on AIM aren’t that great in providing proper support and advice to companies as they are mainly in it for themselves but Monecur, Novum and PH I find the most prolific on AIM in behaving like this