Tekcapital (TEK), Canada Nickel (CNC) and Goldplat (GDP) will be joining us at our May Investor Webinar on Tuesday 24th. Please register here.
Coplhodler, I had to unblock you as it was impossible to track which one was panicking more after adding you to the longstanding DJH, (who does remain blocked).
However, aside from this, I find your comment directed towards me a little insulting. I was merely pointing out a character trait of a rather unsavoury opinionated type of person to Treefern I would avoid taking advice from...
The fact that you identified with that character trait is more a concern for you I should think than for others.....
Still at least I have provided a proforma you can use for your CV.
You're welcome x
Treefern,
My advice is don't listen to posters, that in general an average person would consider a pompous, arrogant twit, that suffers enormously from a feeling of self love but has not understood the effect they suffer from.
......Or more importantly the average person at a ****tail party would say hi, listen to their first sentence, catch the very first distanced persons eye across the room and say, hmm interesting, just gotta go and ..... as they quickly depart.....
Daceon, I do expect the RS report to make a huge difference, maybe not on day one, but the report will plainly set out the size of the prize. As technical complications are ironed out the drilling will start to demonstrate how much of that prize is available. For any other party looking in, they will have to weigh early adoption against greater cost as undoubtedly a high OIP will bring suiters and slide rules. Each drill will bring greater surety of commercially extractable numbers and thus as each months go by, the price goes up. - Anyone looking for a takeover of JV will have to weight commercials against cost and at some point it either becomes too expensive, or they have to bite the bullet. The prize could be huge is they can show high extraction rates.
HFB If Art truly believes in the company, truly believes in the potential find AND that he can get it done with the dilution to date, whilst always taking a great salary and ensuring employment for his daughter, then why would you have cared about the share price being much higher? Personally, my focus (assuming I always believe in the long game) would be to build build both the company for growth and as high a shareholding as possible at the lows and , whilst knowing that eventually when the find is appraised and proved, then the value will out. It's not like he is waiting whilst having to earn a crust, the waiting IS earning him a crust.
I would say buying CUDA was for Art the real bonus, planned since last June, I'm sure he will eventually want CNOOC share also but I expect the RS report is going to be the turning point, no more than 2 weeks wait.
Anyone any concerns on what Art can do look at Oilexco
- 2005 audited revenue - $5M EBITDA - loss $5M
- 2006 audited revenue - $3M EBITDA - loss $9M
- 2007 audited revenue - $340M EBITDA Profit $265M
- 2008 audited revenue- $572M EBITDA Profit $450M
And indeed were it not for RBS, the credit crunch and oil price crash no doubt it may have gone further. However, this is not to consider the pros and or cons of Oilexco, more than to put into perspective the potential pace of change and demonstrate that the early years of building a growth company takes time, however once all the ducks are in a row, change can be remarkably swift - Oilexco went from an EBITDA loss of $9 million to a gain of $450 in the next 2 years!
Now this is not to say that Art has purposely kept the price low but rather than I guess he hasn't really cared that much what it was, I think the commissioning of a resource report is the first sign that maybe now, he is prepared to help towards the change in sentiment and SP. Certainly will be giving him more time as I see today as being the ducks lined and akin to the 2006 Oilexco position. Upwards from here is my belief.
HFB thanks for the advice, but I shall be putting up decorative steel fencing, 1 meter high so all posts will be deep, steel and concreted, actually postcrete, but heh gotta take the short cut where you can! Although did recently put up a lot of 6 foot wooden panels and can certainly attest to you being correct, as regards concrete posts, not as decorative but certainly last, assuming well concreted in of course!
Amazing how sentiment changes here on the rise of just 1p, don't be forgetting that we were at 38p only 2 months ago and some were moaning that we were under-priced then.
Don't get me wrong I expect Tuesday to be the reversal day, I expect the RNS to read well but I really can't be celebrating when we are at 18p (other than I bought again today at 16.9p) because at this rate if we make it back to 38p I fear for the deluge of fan mail Art may have to deal with when I would rather he concentrate on the RBL, getting production up and costs down.
Other than that, have a good weekend all, looks like the weather will be nice and I'm putting up fencing in the garden, grrrreat !
"Angus is clueless as much as the rest of us - just a lucky guess at 16p now saying 12p lol"
dusterhater, not a lucky guess, lucky the impatience of a PI cannot deal with the time taken for bankruptcy court timing and the placing. The 16p was obvious being the low of the 4th January 22 and a full fib retracement after the breach of the 78.6% fib support at 21.4p - quite simply if one calls out something that occurs, they then think they have shown some aptitude, thus call out another figure that they would like!
So, I'll have a go, Tuesday will be a turnaround for the SP, and if I am right then that qualifies me to quote whatever rise I desire, and of course I'll be right.
Not sure the confusion, based on the reporting criteria they may have sold some.
If the change in situation was due to only the dilution then the reason for notification would be "An event changing the breakdown of voting", however it is not, it is stated clearly as "an acquisition or disposal of voting rights".
I expect that the placing on the 19th had a dilution effect but that they have also been selling, possibly only just finishing now and thus why they have notified now and not on the 20th April, I expect this is one of our sellers.
R_Dunc nice to see someone post that obviously does know what they are on about. hodl and his dunning kruger come clouseau issues had me filter him in the past but just had to see what was going on, he talks a good talk via pomposity, Wikipedia and google but true life experience soon finds him out and I fear he will know he has met his match.
lol team size and just not experienced enough to deal with more cash than they've had in the past PMSL. R Dunc, do stick around its makes me smile knowing copl just choked on his, a little too flaky, pain aux chocolate.
hodler best stick to what you do well eh, stalking and asking google leave the oil knowledge to the experienced.
cheers thank me later eh x.
Well Art is pleased to announce starts well. The inclusion that "COPL Management will update its shareholders with a presentation via the Investor Meet Company platform to be scheduled following the Q1-22 Results." imo signals he must feel there is something to shout about, particularly as these are always opened up to Q&A directly at the end. Wonder if he will drop the resource report on us beforehand.
If we went down due to Canada and their tiny comparable volume, it would be akin to the tail wagging the dog but heh, always an opportunity, even GGG can get his shares back!
Personally, as long as the fundamentals stay as they are, I would be happy with a quick bash down, we know it will come back up and I'd happily add to my position after the last update.
Just as a reminder as it's been asked...
For those interested in joining the call and for reference, maybe your opportunity to ask your questions?
Or........Maybe OUR collective opportunity to bury the hatchet and combine our knowledge to come up with say a top 3 or 5 questions that we would like asked... it is our opportunity, I am happy to forward relevant questions prior to the meeting direct to Art? If you are uninterested, here are the details anyway.........
Dial in details;
There will be a corporate presentation by management following the formal portion of the Meeting.
Shareholders may use the following information to call in (audio only) to the Meeting on May 16, 2022 at 2:00 p.m.:
Toll free from Canada, North America and anywhere outside of North America:
+1 (833) 450-1127 (conference ID 843 132 113#)
Toll free from Toronto, Canada: +1 437-703-5189 (conference ID 843 132 113#)
Phone Conference ID: 843 132 113#
While the dial-in will allow you to listen to the Meeting and ask questions, it is not a virtual meeting and you will not be able to vote at the Meeting through the dial-in
Meeting details
TAKE NOTICE that an Annual General Meeting (the "Meeting") of the shareholders of Canadian Overseas Petroleum Limited (the "Corporation" or "COPL") will be held at the Conference Room, main floor, 715 – 5th Avenue SW, Calgary, Alberta, on Monday, May 16, 2022 at 2:00 p.m. (Calgary time) for the following purposes:
1. receiving the financial statements for the year ended December 31, 2021 and the auditor's report thereon;
2. electing nominees to the board of directors to serve until the next annual general meeting of shareholders;
3. appointing an auditor for the ensuing year and authorizing the directors to fix their remuneration; and
4. transacting such other business as may properly come before the Meeting or any adjournment thereof.