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"next update will be refinancing not the JV imo"
Will be nice to finally get 'the going concern' monkey off our backs
*2025
2024 Bonds- $10 million remaining
2024 Bonds- $8.6 million remaining
How many did our cornerstone investor hold? You guessed it $18.6 million. IMO they are flushing out the remainders
My point is- this wording is just a requirement as per Canadian business laws. We had exactly the same wording back in August and look, WE ARE STILL HERE & STILL TRADING.
Fish, I will refer you back to the message I sent you a few weeks back, below is an extract from August 2022 (It's now March 2023 and were still trading):
Therefore, the Company may not be able to meet its current forecasted operating and capital expenditure obligations. With no assurance that additional financing will be obtained, there is material uncertainty that casts significant doubt on
the Company's ability to continue as a going concern.
Fish: You accidently missed out this little nugget:
"the Company confirms that it is actively negotiating terms for a joint venture for the long-term development of its Wyoming assets. The Company plans to announce the detailed terms as soon as they are agreed"
I honestly believe there's a link somewhere between the Cornerstone investor and the JVP, funny how they both approach COPL, are they working in cahoots? Is this why the SP is where its at? Just my thoughts
Bladderman, I suspect the first couple of week of Feb were around the 1000bopd mark then the last couple around 1400bopd hence the 1200bopd average, we could even be producing higher now
Agree Tiburn, the next few weeks are certainly pivotal for the company
"6p to buy Jambo getting anymore?? "
I'm not going to raise my average, very happy with the position I hold
'my work here is complete' - John 1970
John"THEBOOMERANG"1970
Cheers Steve for your insight, let me know: WHAT RE-ENTRY YOU AFTER??
The blokes a SAD TROLL, nothing more nothing less
"Copl need to demonstrate a route map to higher production for low Capex and Return on Capex employed under 2 years"
In the short to medium term this surely has to be the CC well recompletions costing $150,000 a well and giving us 100bopd unstimulated equivalent to over $200K per month
"If you ever start to think the market is efficient just remember that people put their life savings into a stock because an anonymous moniker on a bulletin board said it was going up"
They also sell at losses when scaremongering happens, works both ways
I'm of the opinion that he would have been aware that funds were depleting and COPL were getting seriously low on cash. He could have easily fundraised a month ago when the SP was a lot higher and mitigated the damage the prospectus update (going concern) has caused. For this reason I don't think it will happen
Is it normal to see the following trade tickers during trading hours? I thought these were usually after hours:
TNCP ECHO SINT (Non Price Forming) seen 2 of these pop up today
"Rbl - where are the term sheers then"
Think we are putting all our eggs in one basket and hoping for a killer JV
RBL- Reserve Based Lending, what part of that don't you get?? These are given to companies without any production so I don't see your point
"Maybe you clowns should look at i3e financial update - do you think CopL will ever put anything like that out"
Great comparison John, If you look through the company history from 2017 then we see a lot of similarities:
FUNDRAISING
JV DISCUSSIONS
SENIOR LOANS
CONVERTIBLES
RTO
All this was a stepping stone to where they are and what they are producing today. Can you see any similarities. Thank you for bringing this to our attention. TOP MARKS