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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.
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.
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.
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.
You need to earn over £20.1k p.a. to start paying it back and even then it is quite affordable.
38% of children go to university according to UCAS and not all if those students take student loans. Also many are just part time students.
Won't affect ASOS too much I would not have thought.
Hopefully ASOS will adjust to inflationary environment. Key thing is... poeple will want to shop at cheap online retailers if they feel pressured by raising living costs rather than the more expensive high street.
Its about ASOS adapting. SP is pretty much the cheapest its ever been post Covid panic... so hopefully a good entry point.
More oil in western hands. Can't be bad can it?
Can't believe how anti-west some of those RT posters are :-0.
Sad really... world should be friendlier and more cooperative shouldn't it.
WTI benchmark is up alot today and back over 100... and yet the SP here has gone down nearly 10%. Wtf. I did top up significantly at 24.29 but did not expect to be able to after yesterday's rises.
A placing is fine if it acquires a decent asset.and not all placings destroy value... indeed Art is invested at 35p and is himself a massive shareholder with a massive interest for this to go up not down.
From what I can gather there is enough cash available anyway. And we already have a decent chunk of wyoming even without cuda.
This should be in my opinion in the 30s not low 20s? Mad