Member Info for wwal17

You’re so hard done to CH. Hope you play the swings well this week, be careful not to get caught out mate.

Oh my dear Coplhodler, is there anything in particular you would like me to say I was wrong about?

How are them 3rd degree burns from Tiburn treating you, healing up slowly I hope?

You keep banging on about this 9 billion NPV, wasn’t it just a throwaway figure by one of our resident rainbow chasers? Think you need to move on from that one, some new material needed buddy.

Slow news day so control the board all you want, speaking of selfish lover, give gold a cuddle for me, all the selling commentary must be a lonely place.

Just some friendly advice from Google. Think everybody needs a dose of number 7.

How do you win an argument with someone who is never wrong?

1 Stay Calm and Strong. Maintain your confidence if you firmly believe in your case. ...
2 Support Claims with Evidence. Clear evidence for each point you bring up is key. ...
3 State Facts Vs Opinions. You need all the power you can get. ...
4 Choose Your Battles Wisely. ...
5 Stay Away from Sarcasm. ...
6 Consider Alternatives. ...
7 Let It Go.

It appears the company needs to communicate and reiterate their plans over coming months, preferably in coming weeks. As posted previously, the last share talk with the chairman stated that there are a few projects in the pipeline. Next communications need to clarify how these are financed. There will be more placings and dilution, it’s naive to think otherwise, but there is still real potential, especially at these lowly levels.

How much did the last drill cost us?

Do we have money left from the £3.5 million placing?

I wish the pair of you would do one.

Even if only 1% of the discovery is recovered 1.6 billion.

That’s still 16 million barrels.

At current wti $100 (it’s higher but easy calc)

That’s worth $1.6 billion

Current market cap just over $60 million

= DISCONNECT

“ Don’t forget we are selling cudas share also at spot”

Be interesting to see when from, certainly from March 2022, however, in a recent interview, Art intimated that they had revenue from Cuda production from as far back as June 2021. “Will make accounts look a lot better” he said.

Just a reminder to those that haven’t listened to latest sharetalk interview with chairman David Horgan.
https://m.youtube.com/watch?v=oIlZvalp4Rk

“next few months should be eventful for shareholders”

“Hope to sign Technical cooperation agreement with Bolivian authority soon”

It should be 6.46% Bob but that can’t be right, maybe this reflected an old holding, not sure.

Link https://investing.thisismoney.co.uk/director-dealings/COPL

Begs the question, where were hsbc and the like when we needed further investment using placings? Would have been in their interests rather than letting their investment dilute. Or could they have been part of the loop, I’m not familiar with the inner workings of the lending agreements?

According to thisismoney website, our institutional investors are:

Institution name Holding Percent
RBC Dominion Sec Inc. 7,791,496 4.99%
HSBC Holdings Plc 7,062,026 4.30%
InterTrader Limited 4,326,800 4.48%
The Capital Group Com Inc 227,200 6.46%

Would be interesting to know if these figures are still accurate or have they been topping up like the the rest of us, especially the likes of well known HSBC.

CH, you’re gonna need some aftersun after that one pal!

Can somebody please explain the significance of the last placing at .25p, will it be relevant to the next placing price? I noticed there was some reference to it.
I imagine most, if not all the last placing shares have been sold.

Topped up today Tiburn, my initial punt has now become a short term investment!

I like to think RS will report a bigger find than previously communicated by Art, perfect opportunity to under report and over deliver.

Until then, I can’t help approach with some caution whilst SP is so low. I’m certainly optimistic but everything I know about this company, you bet your last penny bigger institutions will know too, hopefully we get some on board sooner rather that later, this company needs a bit of security.

P.s gold and iron, thanks for the penny updates, they’re invaluable!

I’m no oil expert but you would think the medium/big oilers know full well about Cuda and the discovery news, it’s clearly been in the public eye and various media outlets.

The thought of Art keeping the CPR back to keep the bigger fish at bay sounds fanciful to me.

Don’t get me wrong, I hope you’re 100% right.

I am certainly happy with Arts share purchase, it does show confidence, but let’s not gloss it up too much, he bought them knowing a 20p placing was coming.

Yes I know, hands are tied in terms of lending etc etc, but he did have the option to give the SP a shot in the arm with real news flow the last 6 months and lend on less dilutive terms.

That conversation has been done to death anyway, just keeping perspective.

Roll on a quid!

What’s assets does this company have? Market cap 2mill.

Being honest, was only in for a punt on the last drill, but I’m now tempted to double up at these yearly low prices.

I’m sorry for anyone with significant losses, being new to the company, it only ever seemed a black or red punt to me, at least short term.

Is it likely for another raise to fund a project this year?

What happened to HSBC holding here? Or am I mixing that up with another stock.

With WTI at these levels, I imagine Q2 results will show a lot more meat on the bone. Steady rise between now and then.