1. Most Discussed
  2. Gainers & Losers
COE 38.0¢

new thread needed...

  1. jocam9

    1,317 Posts.

    About time we started a new thread for COE, old one is taking too long to load and posts are gettting a bit out of date.

    STU was the winner today, up what, 8 cents from yesterday while COE dropped back 2 cents. Strength in STU's price reflects what some people now think is better value though I'd suggest COE retracement is temporary.

    Both have run very hard with STU up 50 % since Monday's close and COE up nearly 75%. Cooper's options have done even better.

    Time now to sit back and work out were they are going to go from here now that the immediate excitement appears to be over. But that is not easy to say as there is still some drilling to do at Worrior and lots of evaluation.

    And then COE has two more wells in Eucalyptus and Kiwi and I think Semaphore is in there too. More drilling success and another run on COE is likely (and STU if that success is with Kiwi).

    My own view for what it is worth is that COE's (and STU's) shares are worth holding for the medium term in the expectation that COE will like ARQ become a successful producer and build up cash flow to fund further development and exploration.

    The shares might retrace a little in the meantime but the discoveries COE has made have added a bit more certainty and a tad less blue sky to COE's future which makes holding them less speculative (bit like VOY with its interests in Jingemia and Cliff Head).

    And I would have to say Greg Hancock seems certain to make sure COE's accomplishments are not hidden from the press. He is not prepared to just let the drill bit do the talking like ROC and PSA.

    And I think in today's market competing for attention and investor interest eg. against the biotechs and dot.coms that weren't around in John Doran's early days, that is not a bad strategy.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.