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The problem I have with my green boxes now is that I can't remember/see which of them were derampers or rampers --because I've been binning both of them recently.
It's really very binary: either they'll try and lowball it or they'll wait until the company is a profitable producer. I've seen it happen with SOLG over the years. They have 2 or 3 big mining companies already heavily invested, but they won't buy out SOLG until it either runs out of options or it's bringing the copper and gold to the surface profitably, and then the majors run out of options and have to make their pitch.
*can be gotten
The majors won't look at this until the company is either on its last legs or has proven the oil can't be gotten to the surface at great quantity and low cost, so you can forget about a TO in the near future.
LOL.
And I say "rubber stamp" because we all know how much the US wants home-based oil firms ramping up production.
"Cue a fall in SP then."
Why, other than you being the self-proclaimed Jonah of COPL?
It seems to me that Friday's drop was due to those traders foolish enough to think a Ryder Scott confirmation of our resources would act as the catalyst for a rerate. Hopefully, now we've got rid of them, this should be the bottom. We now just need news about an RBL, and for the federal authorities to rubber stamp (I believe the hearing is in mid September) the flaring we need to do to start getting the production figures up before we can fix the infrastructure properly.
Wind your **** ing neck in 34quint. I have no idea what he wrote because he's been filtered for weeks. And that's because he's done nothing but write bs ramping posts with bs title threads I still have to read, unfortunately, because there's no way of filtering them. If he's sold out, then good riddance because it's one less bs spammer to wade through. On that note, I'll see you all on Monday.
You're an idiot.
Bob, you're starting (actually, you've been doing it for a while now) to sound hysterical. I'll try and explain it to you again: THERE IS NO MARKET MANIPULATION! There is nothing for the FCA to investigate.
Investors just don't believe that AM can get nearly one billion barrels of oil to the surface without diluting the fu ck out of the company. To be honest, I'm still not sure myself but it's a gamble I'm willing to take. Getting an RBL with decent terms in place ASAP is now of paramount importance, and I'm hoping we'll hear more about this on Monday.
In the meantime, please stop the bleating or I'm going to have to filter you. Actually, you're probably going to tell me to filter you anyway, so I'm just going to do it. Nothing personal, buddy.
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It's always been about the RBL and upping production figures. If Art can get us refinanced quickly enough and then start the drilling, all hopefully within the next three months, then we'll start to re-rate.
I'm currently trying to work out if some LTHers on this BB are deluded, stupid or just downright liars. I guess it's probably a combination of all three.
I'll be honest, even I'm a little surprised at how little we've spiked, but it was always going to happen like this. Still long and strong but perhaps with a more realistic outlook than some on here.
Suggests to me the RS report will be out tomorrow or, more likely, Monday morning.
Beat me to it by seconds, wwal17. Interesting timing.
From this: "Maybe we are overthinking things, guys."
To this: "Art has got connections, possibly a JV announcement soon or with the Ryder Scott Report.
Any mileage in this theory?"
Can anyone else see the incongruity?
Shaa, please don't write sh it like that when I have a mouthful of wine.
"May I suggest you take your title deeds, alongside Professor Scott Ryder's estimation on new land value, to a commercial bank."
Which is why I've always said, including this week, the RBL will be the pivotal point with the SP. Yes, we might get a bit of a spike when the CPR arrives, but it's the refinancing that will start the re-rate. And that's why we're not seeing any positive action this week with regards to the share price.
PS: I fixed the grammar for you. ;-)
Shouston, I don't believe it's anything to do with whether or not the new discovery is legitimate. The oil is there, but...
I own a house, and I own the land that house is built on. Okay, so I bought it with a massive mortgage, but let's just say I'd somehow managed to acquire all the mining rights of that small piece of land right down/through to the other side of the planet. I'd probably be a trillionaire if I could bring to the surface (either end) all the precious metals/stones, oil and gas under my small acreage, but I can't. Because I don't have the the money for such an operation (I'm kind of hamstrung by the mortgage at the minute); nor do I have all the tools required. And, right now, that's how the market is looking at COPL.
No conspiracies, no MM manipulation: Mr Market just wants to know we can get that sh it out of the ground.
Mushroom shake, a couple of spliffs and then a little bit of yaba, but that's all you need, on a Koh Lantah beach:
https://www.youtube.com/watch?v=5lLVCRmdmMg
This is today's vibe: https://www.youtube.com/watch?v=h3ovi60Md1s
I'm half a bottle of Kraken in, by the way.