Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don’t think that’s actually likely
Or possible but can’t say I know what the company policy is on that, not normally allowed. Being given shares as a bonus, yes. Letting info slip to friends and family, almost unavoidable!
As for £1 by new year. No chance.
Even hoping for a 10 bag could be considered a super ramp!
Yet if we are allowed to rise as quickly as we fell… then 5-15p could be possible! And that’s pretty spectacular considering
Keep saying it. But nothings good will happen unless production doubles and then some.
JV, the mystery wildcard that no one can predict value.
But if you want a baseline..
15-20p pre going concern
- bonds & dilution
+ additional 500-1500 bopd
Then not a going concern again
= 8-12p ( no JV )
Odds of 2p - 100p in 4 weeks =
Does seem to getting more lively and less aggressive trolling last few weeks
Currently we are surrounded by bond bullies and vault vultures. Hence the current sp.
Personally with arts recent change of position and the fact he was in charge of the JV ( with his “friends” ) I’m not sure how anyone can be certain it will provide the uplift we need.
It should provide us with cash, perhaps enough to pay debts but at what cost? Personally I believe currently, as we are in control of so much acreage, infrastructure and knowing we have the current capacity to be producing 5000bopd ( solving the high pressure issues and climate protection ) then we have the ability to do everything on our own.
I’m an engineer with many years offshore and it’s all about production. The JV is akin to a capable friend turning up in a fight that your outgunned in, most welcome!! But, it’s your own ability that will get you out of the mess you’re in.
If we up production to what both our reserves and equipment can do we win the fight.
If the JV comes along and watches our six, we beat up everyone else up just to make sure.
What you tripping on now FF, 50% daily rises! Not all in all. Come on keep up.
There is no rerate. A rerate will be 20% 50% at least!!
You know this you berk.
Averaged down down down from the 20s but my average is still 10p+ I could average down more but my holding is 10x bigger than when I started! I need to see the company prove itself before throwing anymore money here.. the curse of LTH.
A pokey start to the day!
I would like to see the company prove me wrong!!! just think 15p ish is a reasonable target currently... ( a mere 10 bag is hardly pessimistic! ) but can only go on the fact we have now. Perhaps we will see a drastic increase in production and maybe the JV will be a game changer, But still waiting to this company deliver some shareholder value for 5 years + now... and that's a less than the some!
I think it’s time to accept that this company is not going to achieve or deliver what they’ve promised us.
I think at this stage the company for what ever their motives have achieved what they wanted. A ten bag would effectively only bring us up to pre going concern levels ( also a price many considered undervalued ) Arts “50p” with his insane fund raising technique ( that basically any unskilled person could negotiate ) puts that right down to 10p now. That prediction however was at the current state then. Low production + debts + assets.
Let’s say we can boost production up to a measly 2000-3000bopd and get a JV that helps not hinders further.
We should be looking at around 15p as a plausible target now.
Sure who knows, maybe the discovery is twice as big as stated, perhaps it’s only a fraction. Until we and the market are clear it is what it is.
A 10 bag puts at around 18p but the way this goes that’s optimistically now 12-15p. A price many of us would now just accept. The idea of 25-100p seems like dreamland to me now.
And is this JV even going to happen… I don’t think we should count on it tbh. But production is clearly a focus so if we can do what we said we would do over 3 years ago now then mcap should reflect a sp of 12-20p, but I’m hoping that 15p is a fair first goal.
We’ve been battered down and down and down and personally I’ll be happy to walk away break even or hopefully a bit up now.
Sure, maybe we might get the 5000bopd promised ( and the reason I invested heavily 2 years ago… but time will tell.
If we don’t get production up in the next few weeks or two months tops I think we might have had it.
Remain hopeful but dear me this really is disappointing currently. We need some seriously good improvements here. ASAP.
Formally known
Well there’s certainly a stampede to buy shares with all the positives here..
Well now they figured out how to use a website let’s hope they can figure out how to extract oil better next!
Interesting about Art but assume he is still involved with copl America and in being so still onboard with copl.
But it’s not looking good is it, we are at rock bottom and lost nearly 95% of our mcap. Most investors 50-95% down.
Production is pathetic, the company can barely afford to pay to keep the lights on and I would say, currently, things are about as bad as they’ve ever been. 1.75p…
And I thought 16p was awful!!!
We got stuck at 22-24p and then we had a placing, it happened again around 18p I think and agin at 13-16p. When this share locks in a range it’s either forward selling a placing or flushing out bonds.
It’s never making any money, just loosing it…
We need those production figures up!!!!
PD. Maybe.. but history says not ( though we do have a clear change of company structure so there is hope )
I’m still waiting for the RBL to completed……., what happened to even just one of the many many banks lined up ready to jump in. That one was supposed to be concluded October last year!! Only a year over due..
If Donald Trump was a company he would be COPL.
“We get all the best deals. We’ve got all the oil, no one produces like we do, our dilution is so sweet we could sell it to Ribena . - COPL TRUMP
That said, we do have indications that the way the company is being led/run has changed for the better. But as it stands the market calls BS to copl until it actually does what it says and proves itself. Equally the JV isn't entirely in their control and if anyone has any experience with solicitors & lawers they’ll know they take their sweet a55 time. And who wouldn’t for £500hr+
It’s like Groundhog Day in here… I doubt a JV if it ever does, will conclude before Christmas. But who knows.
I would however expect and very much like to see some serious production uplift in the next update.
More important than a JV at this stage imo.
Black stout obviously very optimistic. But let’s take a quick look about what the CEO, who was exceptionally optimistic, sadly, for all us genuine LTH. But also knows the company best.. He valued the company at 50p. With dilution that’s more like 20-25p now.
As much as I would love this to be 100-600p I think we have to first see if the company can get back to pre going concern levels first!! let’s say 10-15p.
We could do that with a decent production uplift alone.
The JV btw the way would be additional to Arts “50p” now 25p say. How much and what any JV will improve our position I have no idea.
First the company needs to stop talking 5h1t and start delivering on its promises.
Thank you for your considered black stout. However the elephant in the room is reality.
And that reality is this.
If your thoughts and figures are accurate even to a considerable margin for error then the institutions and the heavy hitters would know this, and subsequently be buying in bulk.. which they are not, and why we are sub 2p. If this could 20 bag let alone truly 200+ bag then why are we not seeing significant buying from anyone?