Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rampers/derampers, doesn’t really matter, just tired of the wolves in sheep’s clothing on these boards, these claimed long term genuine holders who believe in the company but constantly trade on any spike. Just a very disingenuous industry and I can’t wait to be out…hopefully after recouping my hard earned here…and more maybe..although I won’t hold breath until our new phantom ceo shares some good news 🤞
“We can post how much money that 1 billion barrels will give us but if it is too costly to get it out without SIGNIFICANT new infrastructure then it is kind of moot.”
I think this is a very fair point, I must admit I was caught up in the whole rampathon over the last few years, my biggest mistake was though trusting all those proactive interviews. Still hopeful here but my expectations have taken a massive hit. I’ve come to realise just how disingenuous the rampers are here, worse than the likes of fishy imo, how they can be so arrogant in their bold predictions after seeing decline after decline in sp. Backed up by “facts” they say, trouble is, what about the other “facts”, the fact that it is very possible that COPL will need a sack full of money to exploit this discovery?
I hope Exxon come along and stump up the cash but that’s all it is, hope, no guarantees, let’s stop putting lipstick on this pig of a share until it actually gives us something back. Until then, the only people making money are Art and his merry men bondholders.
Rant over, happy Friday genuine people.
Personally I always thought the assets were worth £500-£600m based on a decent production of over 2-3k bopd and the billion barrel discovery. With the potential for further dilution still a real possibility, even as much as 4billion shares, that would give a rough share price of 20p. I used to dream of over a £ but a lot of shenanigans and wonga debt have gone on since then, throw Exxon into the mix though and anything could happen. 🤞
I hope so but let’s not talk about these things being guaranteed, the field has proven to have wax build up issues, I’m no expert but I think this is prevalent when there’s increased pressure. No doubt this can be sorted over time but atm we don’t have a lot of it. Just my opinion.
Yeah looks like Art has given a lot of the company away, the wonga debt is crippling, personally imo, this is no longer the 100 Bagger a lot of rampers led us to believe, maybe a 10 bagger…who knows, bring on the JV and 2k bopd so we can reassess. God help us if production is flat over coming months.
I don’t mind it taking longer than we first anticipated (guessed) if we can get production to 2k bopd and beyond as the risk of further dilution is still very much alive and would be another kick in the nuts to long suffering pis. I hope “strap yourselves in” and “I near fell off my chair” teasers are a thing of the past, it’s about time the copl gravy train benefited pis too.
Is it possible that the JV is taking so long due to the geology in Cole Creek? Is it a concern that the oil in place is difficult to extract due to the tight rock formations? Any experts are most welcome to put my mind at ease.
Yankee, there’s a U.S listing for copl, just like this one in the UK and Canada. I’m pretty sure it’s low volume similar to Canada, this though doesn’t appear to dampen the traders appetite to try and drum up the significance of the peaks and troughs. Funny that, wonder why?
Google “velfx share price”
What are the rules around “confidential well status”? It seems a little far fetched that copl are allowed to keep production secret. It has a material impact on SP so you would think it has to be disclosed…
Not denying it btw, I just find it all confusing. That combined with over a billion barrels of oil, a JV with a major and the SP 1.8p. Why why why.