If Savannah Petro has a market cap of 161 million pounds what does that translate to COPL if we get the same news (even better news as ours will hopefully be coupled with service provider agreement, financing, etc.)??? I see SAVP has no revenue and much greater losses than COPL... thoughts?
COPL is 100% out of cash based on their cash balance as of March 31 plus the additional dilutive financing at their current burn rate of $400K USD per month. Personally, I think the gig is up. It would pretty much take a miracle at this point to see OPL 226 succeed.
"Well someone clearly knows something" because of a large buy. Just stop it, the MM's have been playing us all like a fiddle. That's it. Now we wait until another placing or the next quarterly out next week which will give us a very vague "update" of where things are at.
Jiving, the board was warned many many times of Art's ways. He does not care about private investors and will do whatever it takes to keep his "company" alive and his fat salary going. This should not be news to anyone on this board. Also, nice to see Vienna back with a new handle.
Yeah, I've got one. How on Earth will a bank and or service provider finance this project when we don't even officially control it? We have yet to receive ministerial consent for the transaction of the block.
Looks like we'll have to wait yet again until the quarterly to get whatever crumbs the company discloses to us pesants. The carrot dangling continues. It'll likely be to the tune of what S-M posted yesterday though.
Groover, COPL has been running since 2009 and has yet to produce a single drop of oil. If you've been around as long as I have your position has been diluted by 90 + percent, meanwhile the share price has fallen 4000%. So as a very long term and disgruntled shareholder I'll say whatever the hell I want.