Member Info for Sam12345

Bill the bank that’s what I was thinking

Shoib no probs, some very knowledgeable people on the clon board you’ll know who they are as you read it, hopefully see you over there as well

I think back end of this year hopefully as soon as meetings can take place so anytime from October but realistically with how long things take I’m thinking Q1-2 next year but expecting it multi bag many times someone said there expecting around £100mcap on ratification which is 12p ish and currently at 0.38p I’m personally going for a 10 bagger and I’ll be over the moon if CLON and this comes good at similar times I’m going to be very rich in 2021!!

Financial Position and Commitments

Following the Share Placing in Q1 2020, which significantly strengthened the Company's financial capability, available cash at the end of May 2020 was £1.872 million, excluding the Peru and Timor-Leste performance bonds of US$160,000 and US$333,333 respectively. As a result, our proposed work programmes for 2020 and into 2021 are funded.

No placings are needed for 2020 or 2021 so should just have drilling in 2021 and as soon as that’s announced this WILL fly

Yeah 3.80p would be an MCAP of only £27m

Just have to keep topping up, sadly I’m now fully in and have no spare cash to average down just hope we start to rise with the upcoming conference going to be exciting I think!

Bridges thank you, don’t know how I got to 2.93p haha

That’s good, can you buy now?

Great sign for a rise today then!

Let’s hope for a close around 0.11p

Bridges so your thinking a minimum of 2.93p as that’s roughly an MCAP of £100m when you look at a share like Tullow oil with an MCAP of £400+million you really see what could potentially be possible here, key is to not sell to early but with a great profit I’m never normally in at the bottom but feel like I am here!

Thank you bridges and Harry for your replies, I won’t take anything below 2p then and will try and hold for a lot higher if I don’t bottle it first lol hope this long wait will be worth it if we hit 2p or above and I sell it 100% will be!

I know groover it's hard to keep up currently split fairly evenly between here COPL and CLON I don't know whether being all oil shares is a good thing or not lol I just think oil prices are rock bottom and only can go up from here, pleased we closed at 0.10p hopefully reach 0.11p plus tomorrow!

Yeah exactly, personally i'm expecting 2p+ on ratification would people agree with that estimate? I don't want to take profit too early but also not too late! I am thinking it's possible we could see 4-5p + as well

Groover what is your average here?

on a side note DISH is looking more appealing now, but i'm waiting for the results to drop as think you'll get entry around 1.5p

I'm thinking a year to a year and a half, drilling could start anywhere in 2021 but at a guess I would predict Q1-Q2 and thats when this will hit 0.50p-1p if it isn't already there i'm expecting it to rise in anticipation and also with this conference happening and other stuff in the pipeline i'm feeling confident here!

Slime how long are you thinking here for holding I’m thinking a minimum of a year for the drilling in 2021 and the fact we’re fully funded!

Yeah I completely agree bridges what happened was I went in for a quick trade and wanted out at 0.30p but thought the buying pressure was immense and then hit 0.44p and thought oh it’s going to keep going so kinda lost my target then it started falling and I said to myself I’m not selling now on the drop and then before I know it we’re back to my buy in price just as quick as it rose what I should of done is set a stop loss at 0.30p then at least I would of got that when it fell back instead I held on too long thinking it will get back there!

Exactly Harry I’m hoping the herd arrives at all three of my shares as then I’ll be very wealthy indeed I now have a position here, COPL and BOIL hopefully they all come off well and all in my eyes have the multibag potential! I’m hoping I hit it lucky with oil shares as to me they are all low and due to re-rate, if I hold for a year and each one multibags or better I’m more than happy and will be more than happy if just one multibags, learnt a massive lesson last week I was in UKOG with an average of 0.22p never took any profit and sold today for £30 profit to get out when if I sold last week I could of had around £2k profit!! I’m kicking myself now but suppose greed takes over sometimes and like Massiveray has said in the past if you don’t take your profit someone else will!

I’d wanna take a position here before the conference and not after anyone on the sidelines now I’d get researching and then buying perfect top up/buy in opportunity now