Member Info for RBMInvest

For just one day, can we please leave the bickering, the pomposity and the vitriol to one side and look at what matters to all - the short, medium and long term prospects of COPL?
Let’s just give it a go......

Don’t get scared in to selling because a complete stranger tells you to, for their own gain.
Conversely, don’t spend more than you can afford based on blatant ramping.
DYOR and be comfortable based on fundamentals. For me, it’s a hold, but cautious optimism tells me to stick with what I already have.
.....and, as expected, there’s no shortage of extreme advice on here so far!! Not a lot has changed after RNS, so not changing my position. Simples.

Nothing of any great note to come within the RNS, just that performance up to March was much as expected (for those who genuinely understand what’s actually happening here).
It’ll be interesting to see the posts trying to manipulate numbers both ways, will offer a clear understanding of individual agendas! It’s basically steady as she goes with the big news still to come, for LTHs there’s nothing of big concern, but no instant news for the short term rainbow chasers either.
Strong hold for me, happy to ride out the bumps for an end goal......

Thanks Shouston, great work and hope you enjoyed your beer!!
Perfectly happy with the AGM report, nothing overtly positive, but no unexpected negatives either. No doubt we’ll get some pompous ‘I know better that you do’ posts trying to spread doom and gloom, but I’ll just disregard them as usual. Not pretending it’s an easy ride, but it would appear we’re on track.
Strong hold for me.....

Get to your rooms! Funny.....
Looking longer term than that with COPL, but anything around £1 by year end would mean we were on track. Several things need to fall into place, but I remain cautiously optimistic.

Agree Gold, that was the bit that got my interest, with a view to the future. Quite a bit of serious interest....we’ve obviously secured assets that others wanted.

Has anyone put this on Twatter yet?
The amount of registered interest and bids bodes well - competition wanted it. Also, revenues to COPL from March. Great to see it all independently in black and white. GLA

HfB, you’ve obviously lost all faith in AM and COPL as an investment. Best to sell up and re-invest in something you feel more confident in, although I thought you already said you’d done that (could be wrong). Good luck with whatever you choose to invest in to recoup any loses incurred.

Mcadder, I can understand that viewpoint. However, if that’s a genuine investor’s opinion, then logic would suggest that they would not be invested here. Simple as that really.

Plenty of negative nonsense being dished out today. This isn’t about short term SP movement, unless that’s your route to a profit. Nothing wrong with choosing that route, but try and not let such comments deflect you if you believe in the longer term trajectory. Not always easy, but all part of being patient with an investment, as opposed to chasing small daily trades. Decide what your route is, then filter the noise accordingly. GLA, regardless of your chosen path....

Wish I had a quid for everyone who said they they were gone, but stay.
Laughable.

Whilst I’m at it, I’d suggest that this is one for a medium to long term investor. I’m a big hater of both the obvious de-rampers and the rainbow chasing rampers, they’re easy enough to spot. Look longer term than a quick buck and this stacks up. The landscape for COPL is changing quite dramatically and, if they gat it right, it’ll reap big rewards - but not this week, not this month etc. I’m in for the long haul and, if you are too, then ignore the short term noise and focus on the longer term fundamentals. Crucial piece of the jigsaw is re-financing, if they get that right then patiencewill be rewarded, IMO.

LF, don’t know if they couldn’t look elsewhere, but they certainly wouldn’t have wanted to when they knew 85% was coming - a hugely stronger negotiating stance. I believe, from AM’s comments that they’ll try and negotiate a flexible arrangement that will allow for the potential purchase of the last 15%, but that only being available to them should the deal looks a very good one - the banks will see 100% control of huge reserves as a very secure and clean asset to lend against. That’s the route I hope they take, but it needs to be the focus whilst frost and ecological barriers hold up work on the site. I’m cautiously optimistic.

Agreed Longfell, hope huge focus is being put on this. Needs to be negotiated before needed, or terms will again reflect any desperation. Top priority for me....

Interesting interview. Don’t think there’s too much doubt now that there’s a huge amount of oil under COPL land, or that acquiring CUDA is a game changer. Potential to acquire the Chinese interests would also make us a very profitable TO target. The elephant in the room and the one thing that needs to be addressed is simply financing. A cost effective and flexible credit line is now the big imperative for me. You can have all the oil you want, but you have to be in a position to recover it economically and without running to the markets for more cash. If they secure this one element, then the sky is the limit and we will see the mother of re-rates and probably a bidding war to buy the whole lot. Happy days if we secure a good re-financing deal, but this will be the crucial element, whether we proceed to profitable production, or to boost any TO figure as a profitable going concern. I personally have a lot riding on them doing just that, let’s hope they can. Myself, I believe they will - with a good Ryder Scott report and increased asset control, we’re in an infinitely better position to do so.
Patience required though, it’s not going to fly until that hurdle is successfully negotiated. DYOR.

AS, you must think we all have buttons up our backs, what a muppet. Deliberate de-ramping doesn’t come in a more obvious form. Just a suggestion, but think you’d be far more successful if your posts didn’t come across as quite so smug.

$16.8M
Educated guess, like everyone else!!
GLA

Thanks DRB, but I had a fair idea of what ‘priced in’ should mean.
Wilson, my thinking is that M&A action is more likely to be orchestrated towards us, rather than the other way around. Think we’d have made some sort of move by now if we had full access to all our cash, but until dispute is concluded, we may be fighting that fight with one hand behind our back. Trouble is, we don’t know.

Should have added, I’m hoping for (and expecting) some M&A action or announcement relatively quickly.

SPQ, I agree with most of your post, but even if certain things are ‘priced in’ at some point, that makes no difference to a sentiment driven share, especially one that’s also being manipulated. The Covid fundamentals of the business drove things up when in the thick of the pandemic. Rightly or wrongly, the market is now seeing the pandemic in it’s rear view mirror, that means any big changes in SP (and it can surely only move one way!) will be driven by projected post Covid fundamentals - a huge change. So, we’re at the point where the vast majority of our business comes from Covid testing, but we’re being priced as if that was stripped out - hence the MC hovering around cash at bank levels. No matter what happens to our Covid sales, and unless there is a huge sentiment swing back to Covid stocks (unlikely), then this is our new reality.
We either need to present a compressive forward plan, post Covid, or we need to see some big M&A activity taking place (that could be either way). Until we see something along these lines, I can’t see any big moves, just smallish fluctuations - which don’t really bother me either way.