Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Unfortunately the BOD just do get it, the silence is deadly and the lack of communication is going to course yet another dump and this landslide will continue. Theres no reason what so ever why a RNS couldn't be released this morning 0.6 incoming.
Dickbat, I agree with you it could go back to 1p if the BOD inform and update their shareholders on the situation, can’t see it happening though can you? so the uncertainty will continue.
I strongly believe if the BOD had any positive news they’ll of released this by now. lets see what tomorrow brings.
Each day that passes without an RNS or some kind of update the share price will continue to get hammered.
Bondholders still have millions of bonds to off load and we’ve already seen that their willing to sell at an price.
The BOD need a miracle. If production targets aren't met and they fail to update tomorrow then the price may be at .5 prior to delivering bad news. Then what ?
If the BOD had any good news to share ask yourself this question, why haven't they ? 50% drop over three days.
No statement, No suspension. A CEO with any morals would release information to stop this suffering genuine shareholders have lost fortunes here.
If he's sitting in price sensitive that could stop this fall it’s immoral, has a obligation to look after shareholders value does he not?
So the only conclusion is he doesn't have any good news or information to stop the rot.
The short term future doesn't look good does it ?
If COPL are sat on good production figures they should of released these today or they’ve missed lead the market yet again knowing todays nows was likely to have the impact it has.
They know Novembers production figures why haven't they released them for the full Month?
They’ll have a forecast for Decembers figures why haven't they released them if it was good news this is all price sensitive information that could of stopped todays landslide so you have to make the assumptions that more bad news is on its way. Or the’ve planned it this way to let inside pick up cheap shares, either way the full situation stinks and like i’ve said i’ve seen this a few times will oil shares.
Ralladw2, The similarities are both companies have potential, however, COPL are now in a situation were they have no wiggle room and are on last chance saloon with regards to finance and future funding.
Even the tone of your post’s are changing the word can, why not use the word will?
The BOD have already screwed over long term holders and i cant believe people on here still support them and believe what they saying now? This share is nothing but a gamble even at these levels.
Doc83, I remember Sirius very well unfortunately. I used it as an example a couple of days back to try and explain why COPL is only a gamble at these levels.
Anglo did pick it up for pennies and IMO this could go a similar way.
At least for Teesside Anglo have created some well payed jobs in the area.
Maybe its time to take a more balanced view, things aren't always positive and the views from the so called de-rampers should be considered.
De-rampers as people like to call them will have been burned in the past and will have endured similar situations with other investments.
This situation is 100% the BOD’s fault. If their sitting on positive news i.e, the production figures for November and they’ll also be able to forecast the production figures for December, if these were positive why haven't they released them to stop the rot?
Either its bad news or there’s a bigger game being played that benefits the bondholders, It shows how much they think of PI investor.
Viking22, come on get with the script..No way that 7 million sell could be a bondholder. We were told by the masses on here a couple of days ago that the bondholders are now onboard and theres no way they’ll sell.
Why would bondholders be selling ? JV just around the corner and production will be gushing too much to handle all they have to do is wait for the next RNS.
Rinse & Repeat, somebody today mentioned UKOG with the amount of bonds being issued COPL wont be far behind them if they need more finance at the current share price.
All this so-called good news on the horizon and the share price continues to plummet.
Be prepared for bad news they’ll try and hide the news by releasing an RNS next Friday to take advantage of the Christmas break.
Maybe the remaining bondholders are just waiting for the price to rise a little before unloading to achieve better value, just a thought.
2000bbl was the target from the CEO, oil price was just under $80 when this target was released, Oil price today is $68 a 15% decrease does this mean 2300bbl should be the target? or doesn't oil price matter ? though it would considering COPL an oil company. Just a thought.
Will COPL require more funding by the end of first quarter ? The reason i ask is it doesn't really matter if the bond holders reduced from 4 to 3 because we may have a lot more bondholders if more finance is required, just a thought.
RodneyT, In your opinion will the company have reached the 2000bbl and be self sufficient prior to the the current funding running out ? Even if the November figures are announced on 15th Friday (cant see it) if so it’ll be bad news trying to hide it through a Friday RNS.
Do you think further funding is going to be required to get through 2024?
Do you really believe on the 15th an announcement will be released stating. that all production targets have been met and we are now fully sufficient and no more funding is needed, the JV is now complete. Do you really believe that ?