Member Info for theAccountant

Surely, I can’t be the only one that Art needs to step down and appoint a CEO with some business and financial acumen rather than use this company as sort of cash flow for him and his cronies!

There is no formal governance structure at COPL and he seriously he needs it!

FYI

-18% on open on L2 at the moment.

Being a risk professional, I was very surprised that a CEO does not know his top three risks. It’s basic risk management to have to this knowledge. Albeit, a very positive and open investor presentation.

Ps - top marks to the person who asked the risk question.

Some of us were in COPL prior to December 2020 for OPL226 and I believe the potential of this is not even considered in the current market cap.

The potential is huge for COPL but only with the right management in place. You can have a great asset but with sh*t management, the true asset value will never be realised.

@R_Dunc - absolutely agree with your valuation.

We strongly need a CEO with commercial acumen at the helm which will add goodwill to the business itself. We can only hope Arthur knows what he is doing because he cannot be trusted with his words.

All the best.

https://youtu.be/TzgPJeYZaOU

What would be the impact on EUA of Russia being closed out of Swift?

Interesting to hear thoughts. Thanks

https://www.bbc.co.uk/news/world-europe-60540903

Morning all, seen the RNS issued this morning. It’s a great RNS with many positives including our cash position and the Amazon marketplace strategy. I’m glad Anna has come in and rolled her sleeves up to identify areas of opportunity.

As expected, this is a mid term hold so will glad to top up at these levels and reassess at the end of the year.

All the best.

Covid-19: Government writes off £8.7bn of pandemic PPE

The government has written off £8.7bn it spent on protective equipment bought during the pandemic, accounts show.

The Department for Health and Social Care documents show items costing £673m were unusable, while £750m of equipment was not used before its expiry date.

The largest write-off - £4.7bn - was because the government paid more for it than it is currently worth, now that global supplies have recovered.

No 10 said the purchases were justified - with 97% of items suitable for use.

A further £2.6bn of equipment was judged to be unsuitable for use in the NHS, the 2020/21 accounts show, but the Department of Health and Social Care (DHSC) believes it could still be sold or given to charities.

https://www.ft.com/content/0b4be1bc-1790-49bc-b5c6-bfff2e52e02b

Evening all,

Having traded this over the last two years, I am now starting to build a stake in OMI.

Can I just confirm from the LTH or the regulars, that the decline in the share price over the last six months has been due to the delay in assay results rather than something material? What are your thoughts on the potential results?

I am not a geologist by any means but I remember the moment the share price shot up 90% on 6th July. Was this due to the quality of the results?

Thanks for your informed responses in advance.

Ps - definitely agree with getting Art a new suit. I’ve told my fellow investors many times, the bloke needs to look the part of a CEO.

Dressing well is a form of good manners.

Evening folks,

I hope you are well.

I’ve had a busy few days but catching up on most of the LSE boards this evening. My homework and research confirms that the numbers look good and realistic even with variables unknown. However, my prudent side states that we still need a CPR to confirm the potential recovery rates. On top of this, hopefully Nigeria OPl226 is yet to come so it’s certainly going to be an exciting year as that will propel the SP once the value is unlocked.

Working in a global and independent independent financial background, a potential value needs an independent report so hopefully the CPR will confirm what Art states.

Regardless of one’s views on this, we are still very much undervalued given the rising price of oil and with our stable cost structure, thus achieving economies of scale on our new discovery.

My advice, buy, hold and leave it in!

All the best,
Your local accountant.

Absolutely agree - @shaa our resident poster definitely keeps his cool and i enjoy reading his live commentary on the share price.

Checking in on COPL board after a few weeks after the great news last week.

Having been in this over 18 months, great to see us going in the right direction.

Welcome to the new joiners in the last week and good to see the usual gang shaa, hopingforbags, Tilburn, Bridgedogg, panamabob, et al continuing to post.

Let’s hope we are much higher this time next month.

All the best.
Your accountant.

Just noticed Anna's post on LinkedIn:

"We are looking to build a world class marketing team at Cellular Goods and we are now hiring for key Marketing Director role. A dream job in a great team! Apply online or DM me. #marketing #team"

Hi folks,

Being a long term holder in ODX, what are your averages? I have just heavily averaged down to 25p.

Fingers crossed for a good 2022!

We just don't know the extent of what the 'financial impact' will be. Obviously managing our expectations in advance.

@DarrenBuffer - absolutely agree.

They didn't need to include that sentence which obviously will direct the sentiment of the SP over the next few weeks. Great buying opportunity though.

4 MMs sitting on 2p so that will be the next barrier to break through. Once that is broke, hopefully the SP will lift.

Happy New Year all.