RE: SP4 Feb 2022 10:41
Problem with COPL is there are too many pi's trading this with literally 2-3% profit, it goes up 2-3% and sellers come in, drops and goes up. When the buys come you can tell it wants to go higher, but then those F'in sellers come in again.
This is why I would want a buy-out sooner rather than later, as people saying £20-30 odd, thats not going to happen for years and years! We can't even get past 40p and thats with massive potential, and more than 12 months later we are worse off SP wise!
A buy-out of around £4-5 would do me, think most would accept that, I cant see anyone coming in at £10 odd or more, as the whole point of a buy-out is for them to make a massive profit in the future after buying the company, plus spending millions on drills etc, so they will still have to invest millions to bring it to the maximum potential. POO is not going to stay around $100 forever, just like everything else, it goes up and down.
I would have thought most would want to better their lives now in the next few months, for their kids and families, not in necessarily in 3-5yrs. Who knows what can happen in the future.
Art is early 60's (he is not mid-50's - check companies house), would you want the stress of running an oil business at that age given how tough it is, or would you rather walk away with millions and millions in the bank enjoying your life with family. I know what I'd do :)
Strike while the iron is hot!
Like Bob says, want to get on with our lives!
GLA