Member Info for stuGGTTH

Stu 2 was a repeat lol

Leew, such as AMTE I had a small nibble last week because they have great IP for state of the art batteries (lithium ion and sodium ion) - factory in Thurso, with plans for Dundee (yes I'm a 'jock' lol) SP at all time low, priced to go bust and now Saudis have waded in, it shot up 141% yesterday - shows us what is possible for COPL

Apologies for the cross ramp

Stu

Stu

FF, if only there was a beaten down stock that we could all invest in?

You know, the kind that the company has been mis-managed, but has huge potential if run properly....the kind that's in the best location possible, with huge reserves to plunder, with much bigger companies looking on enviously to the extent that they want a piece of the action...

The kind of company that finds itself now on a firmer financial footing than previously imagined

Might be worth keeping my COPL holding after all

I'm not bothered about the share price today or in a month incidentally, I'm giving this time to mature

Stu

It would be ridiculous if AMTE were to perish for being short of a relatively small sum of money - peanuts to what is about to be handed out to TATA...

https://www.ft.com/content/53934b88-942e-40ea-866c-84af805c2faf

Let's hope AMTE survive

Stu

Article of interest regarding US Joint Ventures,,,

https://www.reuters.com/business/energy/bp-explores-forming-joint-ventures-boost-us-shale-sources-2023-10-30/

Stu

Hi speel 'BH selling up now because they can..' - but why, by offloading shares continually, would they be limiting the price they are likely to receive themselves in the short term? Makes little sense to me.

Would the COPL not have been wiser to raise capital by issuing more shares around the beginning of this year? There's an obvious spike in SP, and they could easily have reasoned that monies were needed for development purposes, to boost production etc etc - I'm sure this would have caused less dilution than we are currently facing, and at a SP of around 15p then, raked in a decent amount

Stu

Call me naive, but why would they not allow the SP to rise THEN sell?

The share price could conceivably be double/triple this level without seeming overpriced, surely?

I realise it concerns the number of shares, but selling a lesser number at a higher price produces the same effect??

I'm about to be called naive, am I not lol

Stu

Yes, upping production would not only be good for the balance sheet but also lend much needed credibility to COPL and bolster SP...

Did anyone see this? Prediction for oil price in excess of $200...

https://www.forbes.com/sites/investor/2023/10/23/why-oil-is-going-to-200-a-barrel/

Stu

409k at 2.66p - holding long term

Stu

To avoid confusion not THAT Stuart

Stu

Breached $94 briefly

https://www.marketwatch.com/investing/future/cl.1

Stu

You make a good point Ralph, but we really don't know how the business is performing nor if any debt has been repaid lately - no dividends are being paid currently, so possibly debts are being addressed in jurisdictions in which EVR is not sanctioned??

I personally have no idea how the business is performing - just checking RASP share price periodically, up 20% over the past 12 months, as a rough indication.

If anyone has valid information, it would be welcome.

Stu

FinallyRetired, someone on here a while back gave an educated estimate, giving Evraz North America alone a valuation of around £1b, given that there are about 1b EVR shares, that obviously comes to around 100p per share.

So even if we somehow lose the Russian business and assets all is not lost surely.

Stu

Currently it seems obvious that the market does not take COPL seriously, share price is viewed as flaky and the promise of jam tomorrow is not encouragement enough for many 'traders' to hold for the medium/long term.

Also potential retail investors may have been stung here before, and have adopted a 'once bitten, twice shy' mentality towards COPL.

My thoughts are that as production rises and the recent hedge changes make the balance sheet more palatable, the level headed investors will take up positions. We also have the JV to look forward to which will surely see the 'herd' return with a vengeance...

I'm happy to hold for now and await these developments - with the news gleaned from the most recent RNS, I feel that the company is in a better place than it has been for quite some time.

Just my tuppence worth

Stu

Appreciated your post Transhaven

I realise that compared to some I have a modest holding in COPL but, for better or worse, I have money tied up in EVR and have resolved to hold LITH, trading on TSX, long term too - well worth a look incidentally, seem to be at a similar stage to COPL and a decent cash position.

Also holding high divi payers to keep the coffers flowing.

Not intended as a cross-ramp, honestly lol

Stu

Lol dusterhater, yes deramping by hoping for ONLY a 10 bagger lol - I would be happy with that, but as you say we could be looking at much more, but many factors to consider and all to play for.

I plan to sit tight and would not be too surprised if there's an outright takeover given our lowly market cap currently.

Stu

I'm possibly a 'Johnny-come-lately' to some of you long term COPL holders, but have no intention of even trading my 300k+ shares, given what we know about 'our' potential.

Been trying to glean as much as I can about COPL, the company website is not exactly encyclopaedic, so if anyone has any interesting info or links on the company's history, I would be appreciative.

Taken from COPL website and referring to USA assets -

'These assets are principally comprised of three federal units: The Barron Flats (Shannon) Unit (58% WI), Barron Flats (Deep) Unit (55.56% WI), and the Cole Creek Unit (66.7%).' What do the percentage figures refer to?? Percentage of ownership??

Also never heard a word from the company nor on this forum regarding the Nigerian assets, they are still listed on the website, do we still have them or is it the case that they have become so secondary that they have been virtually forgotten, with the current focus (rightly) on the USA?

With an average of 2.58p can I realistically hope for a 10 bagger lol?

Stu

Made me laugh duster

Full disclosure 300k+ shares averaging 2.58p, intending to hold for the long haul - feel fortunate to hold at such a low average

Stu

Whilst the Buyback news is not unwelcome, I'm curious about February's Fundraise by issuing new shares...there has been two Buyback announcements since, and the two events are polar opposites (Fundraise and Buyback) - the Fundraise was at 105p compared to our current share price of 84p, is the company just being opportunistic, or am I missing something?

I'm curious because DEC could have avoided fees surely?

Stu

Or, alternatively, something that makes sense 666