RE: 30 million sell ?14 Nov 2023 18:29
Pretty sure the resident happy clappy ramptastic brigade will attempt to do so. Actually, they will tell us that the 30m sell is definitive proof of a JV in the offing. Absolute cretins.
Looks like no Q&A unless they are going to go ahead with no actual real questions.
Also I thought Easy was telling us about an update this week? And that COPL has updated the same time each year so it is 100% going to happen. I don't think so.
If you are here for the slow and steady increase in production over 23/24 as communicated by the CEO then good on you. You should see a good return on any investment around this SP level.
If you are here for production magically rocketing over 2000 and into 5000 etc then you will be very disappointed.
If you are here for the JV then just be prepared for anything, could could get nothing or something truly transformational and multibagger. But anyone banking on a JV is in for a world of pain. Basically it might happen, it might not.
Do not listen to the rampy brigade that says the JV is in the bag. Take a long look at Arthur and his previous promises. He outright lied multiple times on Nigerian licences and placings. Therefore only an utter fool would take him at his word. Also, Arthur along with the JV talks have been sidelined. The CEO is new and is concentrating on increasing production.
Hopefully, we will see October's production figures at the end of the month/early December.