Member Info for wookieemonster

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?

5p on JV done??? that would clear out “going concern” black cloud most likely and that would mean heading back to 10-15p at least???

Production should, increase before we finalise the JV, and hopefully keep improving.

Well we are still only clutching onto 1.8 which we have been floating around for a while so i don't see what all the fuss is about at all.

Getting back to 20p would be great bamb

Getting back to 20p would be great bamb

Back to the price we had a week ago.. still far below any half decent previous trading range.

Production increase / better finance critical for meaningful rerate.

Art said 50p you kook.