Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tiburn,
I had a feeling you were Art , you seem to have all the company info and insite, i thought it might be his method of communicating to PI without formal notice , keep up the good work.
M22c
Don't get too hung up on the accuracy of the numbers, when giving an interview or answering a question , you rarely go into decimal places, for instance its now 11.14, but if you ask me the time i would say nearly quarter past.
Agreed Bob that would be useful.
as anything from COPL ever suggested that there is an interest in acquiring CUDA, I understand they owe people, and a legal case is pending, but surely they are benefiting from oil at $82 also
again what would be the benefits to COPL,
Hi All, I see a lot of comments regarding a possible acquisition of CUDA.
Has anyone any ideas what this means for COPL share holders?
Presumably the benefits are either higher BOPD output, increased profits, or reduced costs, to compensate the cost of acquisition. Some figures would be useful
Also I was enlightened and disappointed by the report below which GiveYourHeadashake highlighted, How many of COPL share holders on this board was aware of Art's track record? it explains a lot as to why ii's are not investing?
I think its time for a reality check on COPL's board of Directors, concerning the lack of information and missed due dates.
Lets hope history is not repeating itself.
https://docplayer.net/48193862-Oilexco-important-lessons-to-be-learned.html
One of my Australian shares Wisetech (WTC) put out a promotional note today, the shares went up 7.2%. If only COPL would get into regularly putting info out to the public, I am sure COPL have good news to say.
If there is sensitive acquisition data that Art doesn't want to disclose so be it, but I am sure the interested parties will already know about it.
Still while the price is low , they are good to buy.
OK , I use Stockopedia for most of my data, don't tell me that's rubbish as well.
Incidentally i recently put about 25K into the Australian stock market based on Stockopedia advise, they seem to be moving.
Gold price is going up again, beginning to think the UK market is going south and will get worse when financial rules are are determined with Europe.
well said Guiter1970
we don't need
a running commentary on every buy /sell
a running update on the price of oil
we all know the fundamentals haven't changed
we all know we need an update from Arthur
we all know we are waiting for Q3 results
Everyone, stop printing drivel and personal attacks and wait awhile.Its painful wading through shyte comments to find something meaningful, which may help buying decisions. The chat comments are greater than the trades!
Perhaps we are not getting good news because there isn't any, and ART doesn't want to declare it yet.
If the news is good its worth waiting a little longer for.
As I have said before big investors will not buy into sub penny shares and companies that don't pay a dividend and no SP growth. Art has put the first right. and the SP is extremely attractive, getting near 50% of the relaunch price.
If we are making the money we thing it would be nice to think we have a cunning plan to either
pay of loans early, but why?
put money aside for unexpected Nigeria expenses
A sensible acquisition without needing to raise capital
offer a dividend or
invest a further acquisition
we are all frustrated but lets all hang in and not rock the boat by insulting and doubting the company.
Noob67
Thanks for your and other peoples input into the calculations but could you or someone estimate how much COPL is
1 - Making per day in GBP taking cost into account
2 - Net Barrels of oil produced, and ideally a projection
3 - who the companies auditors are
Thanks in anticipation
I see consolidation is on the agenda on the board
My feeling are that consolidation should be done ASAP, I cant see big investors , pension funds etc being interested in sub penny share that are not offering a dividend and no track record of share price rise, no matter how good the fundamentals and prospects look, but I am sure Art has his finger on the pulse.
Lets look for 100-1 consolidation, at least my portfolio spreadsheet would have more manageable numbers.
Still keep buying
Busymum
I topped up at 0.45 on relaunch date and have topped 5 times since but its still below my last top up, i think 0.3 should be defended.
Remember I compiled every ones estimates of the relaunch price,
it averaged at over 1p,
moving to 1.7p by close and
2.4p by the week end, and
over 4p in a few weeks
over 70 people contributed to the estimate, and now it makes humorous reading, but if anyone bought based on my analysis I humbly apologize
I will still continue top up, but virtually every index is down this week, there is little good news anywhere
I must admit I am a bit confused, by the ramping/deramping ( if there is such a word). surely the people that are in it for the long haul (which I am, say 5-10 years), don't mind the price dropping, that way we can keep topping up cheaply and make a bigger gain long term. so doesn't follow that the people that want a rapid rise are the sellers that want to get out and make a fast buck.
Regarding the fundamentals, the only metric I am interested in is the output in barrels per day, net of costs and whether its up or down, we all have access to the WTI so we know the price of oil and can easily show we are making profit or loss.
If Output is going up Art's strategy should be to RNS output figures every few days, along with a projected rate., that would keep us happy and hopefully stimulate the market,.
But remember worldwide crude demand is around 100 million barrels per day and projected to fall annually as bio and green issues continue to cut in. COPL output is always going to be chickenfeed and reserves going 40 years out,is meaningless, by then the world will be awash with cheap oil. and the big oil producers will take precedence.