Member Info for NelsontheDog

I still think there is a fair chance of JV in 2023. Big corps are quarterly and annually driven for targets . End of Year is also the end of Exxon (maybe) year end. There will be annual targets for those involved in growing pipeline and as such it focuses the corp on closing deals - massive internal pressure and exec availability can be found in equal measure in these times.

Deal wise, Either you are big enough to matter, or, you are exposed as your big target isnt going to happen so you hustle out a few smaller deals to show you didnt twiddle your thumbs.

This JV has been on the internal report for a long time - puts pressure on to conclude or exit and that is part of my thinking as to why i thought a November announcement maybe in store - then gives December to close out activities.

For its year end optics, Exxon is awash with money also with the past years cash rolling in so equally it will want to report record revenue and profit but also evidence record growth in reserves and prospects. The market expects the former but will respond positively to the latter -hence the pressure exerted internally to ensure this story comes to light will be razor focussed and intense for the remainder of 2023 - post Thanksgiving is when this really plays out - next week.

All points to driving this to a close in 2023 imho and if I know this you can bet Art does also.

By the by, replace Exxon with any other US oil major.

SunnyCA - I dont share your optimism,

Next stop is US elections I think before anyone blinks, but for the sake of mankind, i hope you are right.

Hi Slugmum,

I dont think I have ever seen Meinhard lauded here. I admit I dont monitor the board all the time but who is lauding Meinhard. I think you are pushing on an open door in that respect.

To say we have had a disappointing year here in BLU doesnt do the inertia we are experiencing justice.

I hope there isnt a need for new funding as I fear it will come at a price for Satoshi - we can clearly see the slipped timelines on their roadmap - whats the first question potential investors will ask. If funding required I genuinely think they will struggle. I would of expected that if a funding round was required, they might grind out these milestones rather than marketing their future - theres a time to present and a time to graft! They may argue the roadshows is where they meet potential backers - again - it would not result in me wanting to invest.

Eazy, Blackstout - thanks for the different approach to valuation.

And here we are at sub 2p - it would seem that whilst we may be a stunner, potential suitors are looking past us and see Anavio & co. sitting further back on the porch, shotguns in hand and move on.

Hi Seis

Your comment gave me a wry chuckle - "I've had a look at the latest images and can see that there have been substantial changes to the site in the last month but the resolution of the images isn't high enough to see exactly what's happening."

- thats pretty much how I feel about our projects most of the time after JLP RNS's!

Hoping Friday sees a clear path forward articulated and not just the "groundbreaking technology driving substantial rise in scale and profitability speech from Leon.

In order to break this stalemate to the upside - the gold one - going to find some batteries now and in a rare move I will be placing him on my desk. Desperate times call for desperate measures and for me, I need the support of a more knowledgable and consistent entity - rare admission for a dog.

Expect to finish blue today and have an upside RNS tomorrow if I can only find some batteries...

I agree entirely with that Botak - if the sum of your efforts is continually reducing the amount you have compared to if you had done nothing, then it isnt great.

Not sure why I dont just switch to KR1 tbh my investment here - beginning to think more seriously about it - not because of the history per se, but KR1 have got a load of projects due to come to market adn unlike here, they seem to get more right than wrong.

Nogamble

Unfortunately there is a group afoot who do know and to date its been back to the 1's - Anavio definitely, COPL iteself - who knows.

We wont start to rise till we have strong production growth and the big players manipulating things take their foot off - I normally shrug off market mainpulation chatter but on this one it seems rife and ridiculous with evidence to date pointing to the fact that COPL themselves are at a minimum passive, but possibility in cahoots.

I am not letting it shaker me off however as I do think this will turn and soon - same as it ever was - Production rise, RBL, JV.

A lot of energy being expended here to try and drop this share from its current range. FWIW my thoughts below;

Director doesnt do much - So? He has put this company in the position for that to be the case - if he does toomany deals we have cash or dilution issue - an irrelevance to my prospects of gaining a return on my investment.

Going to drop - i am not clear on thisat all - cash positive means doing nothing increases our reserves and this gives more future expansion options.

So my guess is that we will most likely see a rising price from here as next news likely to be positive.

Hi Botak,

Not a surprise to me really - I see Coinsilium as the Canary in the cage for crypto - ie when it starts to rise, you really know that the crypto melt up is upon us. Before then it could do with updating its investment case and ensuring it appeals to degens cashing out other crypto positions (such as I - this was bought with the profits of KR1 which in turn were funded by the profits of argo - couldnt lose right? - lol)

Thanks for the details. Definitely gives the impression we are at the Commodity low tide point here, and if you can still float at low tide, you will be surfing along as the tide begins to rise.

I am a little overloaded here, but its a real bargain from here imo.

IMHO, Bushy only saying its going bust as if he didnt say this he would have to ackowledge that JLP is a survivor and the macro environment should start to lift this business and its SP.

I dont have any real experience of Oil JV dealings but for the confidential wells - perhaps the JVP paid for them and stipulate they get the proceeds 100% until the JV agreement, or, the drill costs are paid in full - whichever is soonest. I would expect there is a post JV discussion level then also, with either all or a percentage returning to COPL.

Thanks mainly to Tiburns fantastic posting, I have had a view that these wells are significant for some time.

Im obviously having a rush of blood to the head, but I think the JV will announce in November....

Pure conjecture and tbh I have more interest at the minute in seeing the rise on BOPD due to the repressure of the field under the GGS but I think we are very very close on JV.

GLA

NtD

I welcome the rise but we have had many pumps - lets hope there is a follow on news that justifies this return to the 2's and maybe beyond.

Maybe the oil is flowing and the word is trickling out. Plenty of ways for info to be captured ahead of news by the keen. Frequency of oil tanker pick ups, Copl staff, oil buyer depot's - then there is the JV progression.

Nice news but not exciting news as yet

Groooaahhhh Blackstout,

You wallet tease you, keep talking and I wont be able to do my days work for distraction. I love it though and wouldnt be surprised if you are right.

Keep posting!

NtD

Livelong - thanks for posting the thoughts - for me your assumption seems very reasonable and points to good on the ground due dilligence work - lets hope the negotiation elements are also progressing well - one would assume that there is at least a close to ifd not agreed position in order to spend on the due dliligence. A very positive signal in my view.

THanks for posting link - on quick read through my takings were;

- It looks good and positive (can be overlooked)

- The modular rebrand is interesting and reverse chronology adds structure to the otherwise fairly chaotic looking history of development - time will tell if it is real or a lip service. But it reads weel and implies what Leon has been saying - that we can rapidly deploy chrome in particular

- Cobalt - I only read it very quickly but I dodnt see hide nor hare of the cobalt, the substitution option. I dont think it means its gone, but I will be gritting my teeth if its later mentioned as a "new" expansion.

In for the long haul here - very good price at the moment I think, but unfortunately I topped up way higher.

GLA

NtD

Or i may just wobble my head and look properly next time ....sorry for diluting the board from its usual.

I politely replied to a post from Short Everything yesterday countering his 4p prediction. My post appears not to show whilst the original to which I responded still does. Has anyone else experienced this issue (please no conspiracy views just yet - want to see if its common first). How do I query this with LSE? Thinking of moving to another chat board series tbh

Hi Gray,

I dont think it is JLP's last chance, but I do believe it is Leons last chance (if in fact he lasts that long). We have had the same Leon public facing noise - impactful, significant growth to be delivered in the near term, but in the PR wake we have unclear murky churned up information that doesnt allow us to either see the resultant progress, or easily understand the issues faced and remedial plans. Sometimes when you lead you have to stop to check the organisation is following (or employ others to do this)

2 years ago I was of the view lets see how Leon does without Colin - but here we are and its not just the lack of progress, its the lack of communication. I now wonder do they the company know where they are - is this actually a lack of control issue - at this point if I was Slater or had some clout I would be asking in the next 2 weeks for that control to be evidenced by clear plans risks issues etc and it it wasnt forthcoming I would drop in a CEO.

Shame but talent alone isnt cutting it for Leon and he has refused to change tack or employ others to fill his gap in skill set - this isnt new, business has worked this way forever.

Just my two penneth worth but the cardinal sin is to not be able to tell your story and to date Leon isnt doing that at all - hes still presenting a bullish lead figure when it appears that the train isnt following.