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Re read the placing RNS. No warrants on that is there? Very nice.

This is the thing, there is many games at play especially when volume comes on heavy. CFD/Spread betters get played too and drops and rises are to take them out. How many have been today? Loads no doubt, good profits for Plus 500 etc. Worth holding some of those spread betters.

Hi Seaman, I like the idea TC. Makes sense to really expand distribution without having to make all the relationships with buyers. A big frim with all that in place would do very well with it, but agreed not too soon!

Hi TC, Yeah all good thanks, hope you are well too. Yeah it's really helping the rise over there. Just wondering if sales news can come by the time lockdown ends and it stays strong. Great performance so far with BELL.

Wonder who will be doing it? Are they the big buyers of the last few days...

You can see the orders being filled on a few platforms. Watching the money flow (15min) its been on a rise since yesterday lunch, dips at lunch always, just dipped now for lunch too. Bullish divergence there as the share price has fallen while the money flow has risen. 100% orders for regular customers. Still more buys than sells and my 10k share buy for my Sipp today showed as a sell.

Moving in sympathy with it today, BELL has surprised me with how strong its performance has been. Lock in clearly works. May well not come back till that ends and selling starts.

Just watch the interview, if that isn't someone putting the company up for sale/ JV I don't what is.

https://youtu.be/YT8syYM3zcg

Halving, bloody auto correct.

To do the calcs..

$2.4bn / .7 for dollar to pound = £1.68bn / 198m shares comes in at £8.48 per share. Being really conservative and halfling that is £4.24. Similar rise that other explorers hitting the jackpot have seen.

Must work for brokers surely??

Thanks HFB. That's still a tidy sum! Quite a shame the UK market values things so cheap. The takeover activity at premium prices the past year proves this sad fact. Personally I think our MP's etc should have a word with brokers etc as it puts us in a vulnerable position on a world stage to have our companies exposed to take overs.

Gap up to 60 from the first week of consolidation needs to be filled too. Wonder which will be first when there is still more buys than sells. 900,000 printed from yesterday looks like it took a while to fill. Remember it rose into close to 33p. Order was a buy. Looks to me like we have some churn, old loans etc clearing, new buyers buying but at an order price. I think the 60p gap will be filled soon enough. Over 1BN barrels is a rare find. Low tax rate, everything in place road wise etc. This is an attractive asset. Hence the big buys and sells. Company is changing hands and I would not be surprised if an early offer came.

Yeap, same question, how would you value it?

valuation methods are as follows:
1. Rate of return or present worth at a specified discount rate (15 - 25%)
2. Payout time (2-5 years with 1/3 of the remaining life being the maximum payout time) 3. Income to investment ratio ( 2-1 or a 3-1 ratio)
4. Specified fraction of present worth of future net income (2/3)
5. Price per barrel of reserves in ground (1/3 of well head price)

Was taking option 5 Calamari, Can you link me to anything else that can help work out the value? Genuinely trying to see what this could go for. Option 5 seemed the most obvious calculation at this point. Oil in the ground calcs.

SYME did 1000% for me, Then the drop started! All those promises of billion in inventory. Are you suggesting like SYME, the billions won't materialise? I don't see that here.. You got to go a long way to find a yarn spinner like the SYME CEO.

Seen a few examples of old sales from explorers to majors. I’m no oil expert but I did a little research last night and found this old paper on valuing oil. This is old (2000) but was one of the few i could find actually giving numbers and ways of valuing oil reserves.

https://scholarworks.uark.edu/cgi/viewcontent.cgi?article=1044&context=anrlaw

One of the ways...
It says in the ground 1/3 current oil price
Lets just take 1bn barrels and leave the other potential 500m odd that may be there too.
Currently that would be over $25 a barrel so over $25bn in the ground value.
Price of oil fluctuates greatly so I won’t take that price, its better to average it over years, say an average price of $45 per barrel

1/3 = $15 per barrel
$15bn value in the ground.
Currently available for £60m
Only on the UK markets! Bidding wars coming?
This needs to go up as its way to cheap

Say even half that $15bn and use just $7bn, divide that by 198m shares = £24 a share
Who said Mr Market always works?

2017 1.2bn barrel find in Alaska billed as “Massive” and biggest onshore find in thirty years.

https://money.cnn.com/2017/03/10/investing/alaska-oil-discovery-repsol-spain/index.html

This is so huge and the share price should have and will have to go way higher. As shareholders we all own part of this, it’s not on it is being valued so cheap right now but in time, this should and will go way way higher. I'm accumulating! GLA

Recent Share Trades for Canadian Over (COPL)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
12-Jan-22 08:51:07 34.178 700,920 Unknown* 31.50 32.50 239.56k O

12-Jan-22 08:50:02 34.175 50,000 Buy* 33.50 34.50 17.09k O
12-Jan-22 08:49:58 34.175 42,112 Buy* 33.50 34.50 14.39k O
12-Jan-22 08:49:40 34.175 3,439 Buy* 33.50 34.50 1,175 O
12-Jan-22 08:49:22 34.10 100,000 Buy* 33.50 34.50 34.10k

Spread was tight around then, but my guess is a buy.

That was a buy, price moved up to 36 shortly after that came in and buys were under and around that just before.

Haven't seen this many big orders on a share in a few days for a while. BIDS was interesting last week but there is some serious buyers here. Completely controlling the price with large orders, where demand is strongest price goes. An MM with an order of a few 100 thousand £££ is going to earn a serious crust filling that. Those sort of orders are priority customers. That one took all day to fill and order like this stop the price moving so fast up. Big money usually wins.

Go have lunch like the city is. Back by 2pm to kick off again.