George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
couple of what if’s.. what if copl don't reach the 2000bbl and with world trade oil dropping to $68 does this now mean it inevitable that copl wont be self sustainable before the money runs out after the first quarter ? if so then further funding will be required will it not ? the share price is too low to further dilute so the 1000-1 ************** will be executed in the sole purpose to dilute share holders.
don't worry though the silent bod will certainly announce the jv before then wont they ?
come on wake up people this company is being run by the bondholders already. it’s a gamble not an investment. ask yourself why the silence?
Firefly1965, I’m actually invested for a small amount 450000 shares or should i say a little gamble in my SIP.
It’s looking like an outside bet at the moment. If it looks like sht , smells like sht, guess what… it normally sht.
It’s a gamble not an investments. Investments are based on fact’s and truths and information.
Don't take your anger out on people posting on a message board its the BOD and company causing the frustrations not people posting the truths and opinions on a forum.
The BOD have screwed over long term holders it happens all the time, like i’ve said the silence and lack of comms shows what they really think of shareholders, who where here long before the bondholders and before most of the BOD members.
Finwittrader, You’re correct it does have similarities to HUR very similar and those who know the HUR story will agree that the same thing could certainly happen here.
I didn't really get burned, i was one of the lucky ones, i got out around even albeit lots off time lost and stress over those years.
It was certainly a learning curve helping me spot companies in a similar situations.
If all was well the BOD here would be shouting from the roof tops or in the case of HUR their on bed with the bond holders and are happy taking their salaries.
Joint venture my backside ! pipe dream at best, any major will just bide their time knowing the company is only funded until end of first quarter.
The so called joint venture partner will already know if production is on target the silence is deafening.
More bad news to be released the last week of December, more funds required to see it through the 2nd & 3rd quarter whilst still pushing the joint venture fairy tail.
What a load of tripe you’re talking panamabob, It’s the same old trading pattern that been going on for weeks around 200 trades a day and any rise sold into straight by the bond holders. Rinse and Repeat until substantial news is released to the market.
What TIA is trying to say… this company looks like its as bent as a nine bob note.
I’ve been looking in from the outside now for a few months and it certainly looks like they trying every trick in the book to rip this away from the PI,s
Not the best of circumstances but oil is predicted to rise due to all the conflict in Gaza, if it escalates further a rapid rise in oil price could be a saving grace for COPL over the next few months whilst production is increased.
These shares will remain below 2.4p for the duration of 2024. Why would a joint venture / partner really come along and bail them out when they could pretty much accumulate a majority of the 30% shares required on the open market prior to putting in a low ball offer for the company, PI,s have been eliminated from the process, The bond holders and joint venture and will be in this together they’ve stole this company from the PI’s. Exact same situation as Hurricane Energy Pi’s built up the company until first oil and then the big boys come and take over the company for a pittance after the BOD make out its going to fail.
Eazy, Thanks for that. It could take months to find out the best line ups for the gas. Wells will be shut in and opened up throughout this process the end goal will hopefully to utilise the gas to maximise the production for the best way forward
This stock is starting to look like its going down the same route as HUR (Hurricane Energy) large bond holder does deal with new investors and the PI’s get screwed over.
Prax and Crystal Amber fund done this to HUR and this has the same smell about it.
Anavio will do a deal with the new investors the company will get taking over by the new investors for a pittance of what is worth snd they'll be nothing the PI Investor can do about it. The fat cats will all be in on it together.
I’ve been looking at this share for the past few months and i’ve noticed some familiar posters from other forums spreading the same old bull sh..
Over the past 2 weeks there’s been very little amount of shares traded considering the volume in circulation . I’m looking to buy in so I'm hoping it drops even further but i certainly wont be listening to the De-ramping bull-crp from the same old idiots who post daily across multiple forums.
Looking in from the outside this has the smell of corporate corruption yet again, how many times do we see this… Small shareholders invest from the beginning to be then sold down the river when the company is ready to expand onto the next scale. corporate big wigs always win.
Next RNS will be the nail in the coffin, No deal, oil production down, all this time Art will have new about it, keeping silent letting his pals get out scot free.
Dflynch, Sorry i’m corrected, I was calculating it on 12p and thats not the case, it’s only 12p if they lift the oil that already belonged to the shareholders.
Well-6 has proven the oil is down there and i cant help feeling that the’ve known from the start and the long game is being played.
I think we’ll see additional wells and development, Prax will find a joint venture partner. The’ve got nothing to loose, They effectively got this company for around 5p a share with very little risk.
Hopefully for the workforce on the AM development goes ahead as i know some of them are under water on this share.