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It's not about being a LTH, it's about experience and research. What did the company gain with the dilution? You can research it or take my word for it.. A lot! You have no point of comparison because you are very new to this. Aka "green" or as they say in the oilfield "a Worm".
Hi Fish123, part of the problem is you talk like you know what you are on about.. but people suspect you have no idea.
I will now quote you from your post on the OMI board on the 7th Sept 2022 - "I stumbled across these last week
Got in at 12.67 never done shares b4
Thank god I did"
Yes Bolton, frustrating indeed but Nigeria and Wyoming a geographically 7,000 miles apart and about 7 million miles apart in terms of ease of business. I feel we can be more optimistic on time lines moving forward and deadlines being hit now. Half of October still to go and plenty to keep the Copl team busy until next news. Right now they are probably starting the flare where necessary to get the extra production rolling in.
I think.... You are all over thinking this. Not going up after the last news as there is a perception that improvements will take time to take effect. Or to be reported. They are probably right on that. Also this news was due about a month ago but was delayed so the momentum was lost somewhat. Sit back and relax and buy or sell, those are the choices we can make. The big boys and girls if they decide to buy in, will buy in a the "right time" and not before.
The "Sell on news" brigade seem to be doing just that right now. Good riddance to them, obviously unaware of the other news which should be coming soon. This is becoming a very exciting company. The flaring will be commenced almost immediately in the relevant places and the benefits (although not reported immediately) will be very quick indeed!
Hi RichieRich - I think you are miles away RE: Saudi Arabia. production costs.. I believe now it is at most 10 USD a barrel but in the past it was lower, last time I was there they reckoned 6-7 USD to produce one barrel. Interested to know where you got the 90 USD a barrel from?
here it is again https://www.youtube.com/watch?v=S9JSgKErXBo 19 mins as mentioned below.
Yes Calamaro, obvious similarity to GGP the Gold mining company.. I didn't read your comment but it must have been tosh as COPL is an Oil Producing company. Unless GGP tried to flare some Gold gas and then it didn't work just melted the top a bit.. ?
https://us02web.zoom.us/webinar/register/1416643596393/WN_RNi7eUm2SHSgYwXQ5F332g
People I hope realise that production is continuing and increases are expected also? We are waiting for production to stabilize before numbers are reported. Flaring does indeed continue and the short delay will not be a big drama.