Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wonder how many people went chasing prem by selling out of copl, the mkt cap there is more than copl and I don’t think they have any income at the moment. Just shows what we should do when the stars align, at least we know our asset can’t be nationalised overnight once all the hard work is done ….
If there is more invasion speculation and it actually happens crude will probably spike 25/30% minimum from where we are. Russia will be sanctioned so the west cannot buy oil and gas from them (they will sell to China, putin and Xi probably discussed this at olympics). What does this do for the likes of COPL? it makes the urgency for a deal to be done for the assets much more important when oil is over $100 and the energy independence of the US is on the line. The geopolitics causing the oil price to explode coinciding with the CPR could be fireworks. Saying that I seriously hope he does not invade.
Re reading the placing RNS would make you think that he is bidding the 7.5mil + “other resources” . maybe he won’t bid anything like that and is trying to drive the price up to make It more expensive as possible which in turn makes COPL more valuable and the chances of a bigger player getting involved due to the untapped potential with the new discovery. Would be far bette to have a cash rich partner that wants to exploit the asset vs another cash strapped one.
So he must have either put in a lowball bid in the off chance he gets it or he is hoping that news of the big discovery will attract some big players that will throw big money at the Cuda WI knowing that he will then have so many more options on the table once the deal is concluded and the uncertainty is removed.
Would it be possible that AM has gone for two CPRs not just the one from Ryder Scott ? Two independent reports would surely give the majors more confidence to come on board or simply buy copl. It’s been 4 weeks now since he released the news so assuming they got to work on this early January you would like to think it’s only going to be a few more weeks until it’s public knowledge.
Anyone explain the following ?
4 MMs on the ask at 37p only one on the bid but they will take £50k of shares in one go for a dummy sell, normally it would say NT. does this mean a big background buy is happening or are they trying to make traders sell out by thinking the price is away to come down …
Just been looking at i3e, anyone know why they are only £200mil mkt cap ? I see 130mil proven reserves and 20k bbl per day + production and dividends from a quick look. Hate to say it but they make copl look over priced, anyone explain what I’m missing ? Thanks
so either way it’s a win- either copl picks it up for peanuts and production pops or another player picks up their share and copl gets 5mil cash and can make them pay to increase production and then focus on the new discoveries. Who would really want to bid when you have no control over anything though so it’s more than likely am will steal it
So we have two possible outcomes :
1) Art has hit the big time and he knows it - the sp will rocket and he wants to own as many shares as possible (fair enough)
2) Art has lied about things and and wants to exercise his options for a paltry 3/4p gain
I’m much more inclined to go for option 1