Canadian Overseas – more bluster from value destroyer extraordinaire Arthur Millholland
By Tom Winnifrith | Monday 5 June 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Though it was not included in the RNS, when Canadian Overseas Petroleum Limited (COPL) released its last quarterlies there was an explicit warning that if it did not raise fresh funds it would go bust. As such today’s operational update avoids the elephant in the room: there is no mention of income, losses, cashburn etc. What really matters.
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