Member Info for MickR

Will the share price be near 2p or 0p on 31 Dec.?

Risk reward seems good for a punt here at 0.30p, not far from 0p but if all the bad news now out of the way and some good news come in, we could be looking at nearer 2p, so massive upside from here if it plays out well.

Dyor

The JV termination news was leaked on Friday which is why there were some huge sells!! PI's picking up the slack as usual....1p today?

DYOR

There she blows!!! 100% day incoming???

DYOR

24bn shares in issue but NT to buy at 0.26 ask.....looks like selling has stopped or something is brewing??

0.25 NT to buy/ come on MM's make a market FFS.

My broker's view after today's RNS:

"Fair value estimate

0.2104p"

Happy to buy at a 50% discount to the fair value.

DYOR

Ask and sell price 0.09p now, if the seller has cleared, we could be heading up from here.

The more the derampers, the more confident I get that we should see blue skies ahead IMO.

DYOR

Should bounce once the seller is done, 47m and 75m sells printed at 0.080p...

Great opp to add more at 0.085p but the supply is drying up.

DYOR

This is simply a slight delay, all looks good on the macro level:

"· The rod pump has now been installed on the SCHB 2(2.) well and, having produced at much higher rates initially, production has now stabilised at a rate of approximately 40 barrels of oil per day ("bopd").

· The low production rate indicates that the reservoir near the wellbore has been invaded with drilling fluids which are restricting flow rates. This is not uncommon in situations where hole stability issues have occurred during drilling due to the use of high-density drilling fluids to stabilise the hole.

· The well continues to clean-up, albeit currently at a slow rate. Even at these low flow rates, production is commercial with field revenues exceeding field operating costs.

· The Company will undertake industry-standard well stimulation in the fourth week of January 2024, which is expected to improve production.

· The Company is fully funded to undertake the planned well stimulation in an operation that will take approximately 1 week and which has an estimated cost of less than ?500,000.

· To date, over 1,600 barrels of oil have been produced through the Schwarzbach facility since the installation of the rod pump."

I have added another 10m shares this morning. Waiting patiently for the pay day in Q1 2024.

DYOR

Last time the SP was at this level was August 2023 0.09p, it went to 0.30p shortly after a few weeks....

De ja vue

At 0.95p

14-Dec-23 08:00:53 0.095 47,000,000 Unknown* 0.075 0.09 44.65k

SP looks like a gift sub 0.90p.

Buying and holding until 2024.

DYOR

Well done to all that made money here-looks like the share is being dumped now as today's RNS states. Will it go back sub 0.10p?

DYOR

0.108 to buy , looks like the sub 0.11p stock being snapped up quick.

Looks like bottom pickers -the proposed fundraise has spooked the market and needs to be clarified if we are to see a reversal upwards. I hope it is not a 1p raise.

DYOR

Chart looks like a coiled spring ....has BCE hit the bottom? If so, expect a sharp rise up....First target 0.15p.

DYOR

If the JV is tied up with Exxon, then the current misery that shareholders have endured will soon be forgotten...let's see how it pans out.

DYOR

COPL ended the year last year at around 19p if I recall correctly, we are now at all time lows, hopefully today's news steadies the ship and the SP goes into a reversal trend up now.

Sub 2p is a bargain IMO considering I bought at 6p in Feb earlier this year.Hoping to see at least 3p close to this year.

DYOR

27m share purchase just went through on level 2, is today the reversal here?

Could be an interesting few days and weeks ahead. Market cap could 5 bag from here. Sadly my average is 0.050p but confident that we should see it hit easily once this gets going.

Dyor

CSfS share price is over 21p today https://g.co/finance/CSFS:LON

500,000 shares is more than £1m ?

How many shares does VELA hold in CSFS?