The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
This share is being decimated. A royal balls up with Heron has pretty much summed up market sentiment for this company. Cant change a leopards spots. The lack of news from the company is terrible. With such a disgraceful oversight they have a duty to notify the very shareholders that are keeping this companies lights on. GLA
You clearly didn't read my post correctly. Im happy that you can agree on the standby calculation costs, my unknown variables of a tripartite agreement and crook politicians is what drove the reserved number of $1mill. Are you well rehearsed with tripartite agreement? If so do you know rough costs of these? If not, i think you should acknowledge what im saying and consider the very real situation that is not so "laughable" as you have put it.
Very little being spoken about the financial impact here. Im heavily invested and now underwater, so im hoping for a resolution and successful detection of oil. However, if this delay is a month, its $372,0000 in standby fees, then there is additional political applications for the actual missing document needed, potentially benefits in kind towards bent officials etc. This can run easily into a $1,000,000 oversight. Heron was the elected first drill because it was essentially and appraisal which would have heavily improved the current SP and Marketcap, giving it liquid cash for future operatons and running costs. If red deer is a plug and a abandon as it is purely exploration and in the companies worded "50/50" on success, without Heron on target and announcing discovery i think we could face all time lows and it would be disastrous for the company and investors. This has gone from being a fairly low risk punt which great upside, to a complete roll of the dice with a Boom or Bust scenario. Risky, but a possibility of reward. GLA DYOR im hoping as many for a speedy resolution, but not naive to think it will be resolved instantly.
9% up on here and an 8% spread, absolute joke of a company. I wouldn't be surprised if this share ends up delisting one day. Terrible business model, terrible management, breathe takingly bad CEO yet $400k a month continues to be paid as sure as the sun comes up and goes down. Next Pum and Dump to .20p im selling and taking a 50% hit. Much better comanies out there to recover on that this dead duck. GLA
Nice to see the spread tightening up, was pure gamesmanship last week. I called it out then that the MM we manipulating the stock to get shares.....They had it on an 8% spread last week, pretty every day more shares were bought than sold. Does anyone know when exactly was the last placing at 10p took place? I know its fully funded etc, just curious as to when it actually took place. I still strongly believe come 3rd week of Aug were be north of 10p here. 20% in this easily. GLA
So were in the most exciting stage of the program, but prior to confirmation from the company where we may have encountered delays, time scale movments, government blocks, rig complications....we were flying high and had a 380% rise. Now were actually drilling, everyday getting closer and closer to the potential oil discovery that will be "transformational to the company" we sink lower and lower everyday. We have buys reported as sell, we have had 4 days of more capital put into the company than taken out, and were fully funded. Hmmm if you cant see a manual manipulation you need to review all facts over and over until it clicks. This is going North by end of Aug. Question people are more than likely asking themselves, is what is the best entry. Anything sub 8p is a steal IMO. GLA
This is doing terrible this share, i thought they would kick on and release further news its just loosing me money everyday. Strongly considering cutting losses and moving on from here. Il come back when actual activity. GLA
4th day in a row now that we have consecutively had more buys than sells. I've calculated it to be just under £200k more in buys over the last 4 days. This is the additional stock the MM now have to play with to make easy Money on when they finally let it go. Being held down on purpose for reasons unknown to me, everyday we are one day close to the blockbuster RNS and Oil announcement. GLA 10p by 3rd week of AUG IMHO
hahaha MM did well today, this is going North on long term trend. We are drilling everyday as we speak and its Falls......I dont know why people would sell now....even if they did buy in at 3pish and not taken any profit.......WE ARE IN THE PROCESS OF DRILLING a 75% CHANCE OF SUCCESS WELL. GLA
The MM can manipulate this however they want for as far as im concerned, come the end of thisDrill its is going to be dramatically higher than where we are today. The buying pressure is mounting, nearly a quaurter more buys yet they pull it down. Enjoy panic selling if your off loading now. LTH, looks like the best thing to do is switch off, sip cold beer, enjoy company of worthy others and chill bean. GLA lots of drama coming out the weak now.
Nice to see more buys than sells this morning, and not surprised to see the SP not up. Confirms to me how its been purposely dropped down by MM. Buying power heading one way and with everything to gain than not, this will be over 10p come end of AUG. GLA happy times ahead.
This will be up and down alot over the coming weeks, but the more we get into AUG i expect solid rises with anticipation of "Company Transforming news" as per the CEO comments. Few multi bags to be made here on solid news, steady rise to be seen over a 30 day average. GLA exciting times ahead.
Anyone know when music is due to stop here? Providing no bond etc....How much cash does COPL actually have in the bank? Still amazes me how $400,000 a month has been justified for 2 years., surely this must have been challenged in AGMs etc?
Amazing how this share is being held down, everyday for the past 4 trading days it has had twice as many buys and sells, yet been down end of day each day. Completely against fundamentals of the trading in Market. This will be let go soon and well over £2 again. GLA
Not much activity here.....would like to see it press on to 10p. Company needs to delivery an update with where it is going with extra funds.