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To say I’m a bit miffed would be an understatement. There’s not been a whisper since the fund raising and that looks like it was well and truly orchestrated in the weeks prior to that happening. Like a lot on here, I’m very much under but hope I haven’t been lied to. They will have to say something soon as the 9th was a significant date on the calendar.
Court case will be held on 5th September so there should be some clarification by next week. After that it’s the Essar M dispute but I think that may we’ll be resolved quite quickly following in from Agamore. We will have to wait and see. No one like uncertainty and this has had a devastating effect on COPL. Throw in the placing and it looks like a right mess. But if the disputes get settled then we should be able to move on to signing agreements. Marmie
After this placing it will give COPL a year. Even with all documents signed and contracts agreed, the oil will not get to market until March 2019 at the earliest. First payments could come in by June or July. It’s still tight but at least they have a fighting chance. This is all of course assuming that there are no other hold ups or delays. But if SLB are involved then there is a very good chance this will come off. We should see some news, I think, in the next 2-4 weeks. Marmie
Each to their own. This has multi bag written all over it and no, I’m not trying to ramp. All the signs are there for anyone doing even a smidge of research. I thought they might try to do a placing at 0.05 but it looks as though they may wait until the price is higher. M