Member Info for Roharps

Retail is up today. Hopefully should get a nice tailwind.

WTI has now supassed 108 and looks like it wants to go higher.

I think if the price holds up over the next 12 hours the SP will move sharply upwards tomorrow at open.

Some much needed relief for shareholders me hopes.

Apparently the average takeover premium is 42% for uk companies.

Although that varies from industry to industry. That is according to Ashurst and is based on data from 2021 where company values were quite surpressed.

Its easy to be angry though isnt it. Lots and lots of holders bought in the 30s and expected it to rise from there. Instead there has been a placing at 33% discount to those levels. Which is crazy in times of high oil price.

Its also the opportunity cost of having money tied up here that could have gone into other oil companies that have gone up.

Then the SP stays low because i guess Art is not very trustworthy and its all so negative on this board.

But there is no denying though that the company has potential due to its assets and why I hold. Cant blame anyone for feeling down about the last few months.

I feel bad enough with my average at 24p. Grrrr.

When is the independent resource report due to for release ?

Copl... that is nice you are here for us lol. Changing the subject do you think VAST will run out of steam today?

Certainly quite frustrating watching it boom whilst the SP here stays flat.

Look to the future not the past for optimism. The past is done now and company has transformed and the very expensive objective is complete.

Plenty of cash for now within COPL and looks like a good plan for investing it. Copl is cash generating off the oil production so cash burn will be steady giving time for SP to rise over the months ahead as development and growth continue.

There will be news flow in May and June which I hope will support the SP.

And looks like oil price staying high which is what COPL are massively reliant on.

So very happy being patient.

That is a real possibility. That COPL will be taken over or JV after the RS report.

I actually hope not a takeover, because whilst I think shareholders would receive a premium to todays share price which I think is low - there is more amazing value to be had if all this can be developed and production increased.

I am hoping for JV. I think.

IGNORE THE TROLLS.!!!!!! THEY ARE BITTER.

Why would you sell beneath placing price of 20p?

So frustrating to see.

Ok Angus, how should money actually be raised if not through a placing?

Ha ha fair point.MM

I think you are right. Alot PIs burned by the share's volatility in the past, some would have sold low and others would have expected to make loads of dosh by now but have not. Probably been given false expectations on many occasions.

They seem to be attacking Art publically and I suppose you can see why as poeple hate to lose. The point is though... this is a very different company this year with a very different balance sheet and the oil price is very much higher.

I am betting on oil price staying high longer term, betting on a new finance deal and betting on resources being independently proven up.

But its all betting really so if I lose I wont be bitter. Just play with what you can afford to lose on AIM.

It wont drop below placing of 20 and will probably rerate once churn has finished.

I doubt COPL will go bust. With the appreciation of the asset comes more chance of refinance and lowering of costs.

Proving up the value of the asset further also makes that more likely still. All about Loan to Value.

Reported cashflow should also improve due to oil price and production over the coming months. This will come at cost though, but plenty of cash for the time being.

I have said before I am not really focused on the losses the company is making because the value for shareholders is in the appreciation of fixed assets.

The loan finance cost is high because the lender had to take a big risk when the oil industry was not doing so great. Art took a big risk taking it on, but it looks more likely to pay off following oil price rises and a mammoth discovery. He has got quite lucky really.

The placing could have been better value for PIs but it is still value creating if all this comes good and a massive hurdle has been cleared with the acquisition. It will be interesting to see what price for Cuda. Though just happy its all being concluded.

I think a takeover of COPL by a bigger company is quite possible sometime in the future.

Stas I hope you are right. I have 30k of shares so wont be as wealthy as you but would be considerably better off in my pension. GL

As time goes on the company will generate more cashflow which should ease the dilutions and increase the growth and development. I think time is on the company's side as I think oil will stay high in price for a long time.

I am happy Cuda is done and company has plenty of cash now towards 2022 objectives. This SP at the placing level is bewildering.

I have bought again. We have Cuda... a little bit like buying some matching chairs for a table. Pushes the value of both the table and chairs up.

Wow so much of the board was right all along.