Member Info for wongtogo

False Spread at 14%, one more fishing trip by the MMS. Pure market control at its best.

Tiburn is correct about the context of his post and if you Carnot understand that you shouldn’t be investing. Go back to school

Seems fishy still looking for more cheap shares. Why else would he keep posting here. You sound perfect my son give us a rest from your insincere post for gods sake. Your boring get a life.

This is just a quick update on the Nigeria situation for those around for more than a day or so.
I was in at the time and had information regarding the investment, which I did release to the BB and said back then
we would be waiting for some time to be able to develop the field; from memory end of 2021 Isurgested. Being, in Nigeria this has been put back once again, and now my thoughts are late 2023 or early 2024 for several reasons, but all information is out there. For those that are interested, Interesting timing, I would say.

This has been my thought for a long time Tiburn. I didn't think we would have to spell it out. It's so in your face.
But it does say where the BH is at, and I think they have **** all over AM after he had done the deal for the bonds and the SP is the result.

I believe any loan arrangements were approved sometime ago shaa and have yet to be excepted they were different times . The reason for this is probably due to lack of proven reserves, hence the delay while we progress with work to increase the P1 reserves, no sense committing to a loan that will be insufficient in the near term. The metrics have changed with interest being paid on any such loan being far higher than would of been expected, draw down of any loan may have had an in-packed as well, as many loans have been approved, waiting for funds to be available subject to original loan terms and therefore for any changes to that would take time and proof of P1 reserves. AM at the same time playing a waiting game to see if any further opportunity can come to increase the company value via P 1 and P2 reserves, I noticed from the report he’s not interested in possible reserves making it quite clear to me anyway that the report is for a JV or the bank.
We LTH need to hold on for resolution of the business behind closed doors, the oil will come out the ground at some point, and AM will be looking for the best outcome for him and therefore the investors, there’s so many roads he can take but all have dollar signs written on them.

The moment that COPL set out to buy atomic and Cuda and then found 1.9mbo in place on part of their lease, and being predominantly owned by private investors, it was always going to be how they transfer the majority ownership and the profits to the sharks. At the moment and over the previous 12 months seems to be the long-term holders are standing the ground, even with all the paid intimidation that we see on this board.

It’s unlikely now anymore. PI is selling at this price, so come on AM don’t make it look too obvious get the news out.

The reason he doesn’t wanna talk about Arizona metals, it’s because it’s COPLsite you’re blatant disregard for the rules tells me what sort of person you are and what you’re doing here

I can see after looking at the trades this morning, the same day trading trades we have been seeing the past year, so it does appear what’s left of the private investors hold here Is not going to change that much? The long-term holders here know what they’re doing,

As I said he is waiting now 6 weeks for a draw down date I believe Lenders properly Canot give a date but the good news is it would be on the same terms previously agreed before the hike with a bit of luck as is are buyer.

Looking at the trades, day traders trying to bring it down, MMS paying more than they should do, expect large buys at close. These shares are becoming more sticky and would suggest next week will be the final week before loan agreement draw down date set, after all they have paid the fees but like many waiting for draw down date since December week one ,not Arthur’s fault it just the way it is, and would explain the RNS, and the way it was done, still waiting for our buyers draw down date so can understand.

pilot998 still living the lie? Billy no mates, a poor example of a person no doubt.

Pilot988 can you please state where it say 50bpd. As every other poster is saying 130 bps or are you a bare faced liar.

You could only make suppositions on the decisions and direction the company is going in.

Arthur is telling you what he’s doing, he’s trying to get every barrel of oil out of the ground and into the bank the cheapest and most efficient way while riding out the sudden change in finance costs.

It’s my opinion the offer is not what He wanted and he is proceeding To increase the value of the company by opening the six Wells, and of course if these do produce the oil in the quantities being touted or even better, this would finance the discovery Wells which in turn will make it self financing. slow but sure.
I would think Arthur sees this is his last chance at the big time, and Is taking no chances both with takeovers and Finance If there’s one thing in this world that is constant is that there’s always something around the corner and Arthur isn’t going there, it’s his baby and that he’s going to do it his way. And he’s not the only see CEO is walking the same road.

To be a good storyteller you need a good memory.

21 Dec 2022 09:37
Lol say bladderman - you are rainbow chasing all the time I don’t trade copl.

MMs They will take 300k and buy at 16.16.
Things are ging to change here for the better soon

Good advice coming from the 3 previous day traders.

· COPL currently estimates the total reservoir volume of the discovery to be 1.5 billion to 1.9 billion Bbl. of Oil in Place ("OIP"), of which 1.275 billion to 1.64 billion Bbl. of OIP underlays COPL lands

Arthur Millholland, President & CEO of COPL, commented

This figure does not take into account oil in place and probable on existing working finds, neither does it include the whole of the finds on copl lands owned 85% that have not been subject to a 3rd party resources report, and why would they, but it’s real enough to make a difference on selling.
AM was very late getting the news out and was likely dealing with our buyer at that time, now we jump through hoops to the finishing line, just like every other huge find by a small cap till everyone is happy.

Personal think that AM is in no huge rush, and if the offer is not as good as it gets then he will just keep going and prove up the finds, and at the same time make money, and at some point this will snowball .

simm0 just tried 50k and got a quote straight away.

Subject to shareholder approval, Zanaga will issue 286.3 million new Zanaga shares to Glencore Projects to complete the acquisition. This represents a 48% stake. Plus two directors on the Board
So all this means is a change of liability and the company paying the bills. Where is there any extra value here?