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There’s no other reason too unless paid for him because he clearly doesn’t hold shares so why else ramp it like can understand others in a big hole trying to sucker other people into the quick sand so they can try scramble out without as much losses but if don’t hold shares then why else ramp it unless paid by the company or bod or whoever to do so although why anyone would pay willec to do that is beyond me as he only has 2-3 lines and couple childish attacks and that’s his lot lol
Carlf, to be fair I don't think anyone here is a paid ramper.
I've had posts removed too. In my view the snake who's doing it will be partly responsible for any newbie losses. At least the existing holders would've had the opportunity to make their own mind up, having been presented with various viewpoints. It's like fecking North Korea on here.
That’s a good idea everyone should report all willecs posts so all his get taken down ,
As I’ve had 4 removed in last half hour that stated
I’ve asked willec on numerous occasions to prove he has shares since he ramps it to death he either ignores gets post removed or says it’s his personal buisness,
So when we all got given the changeover dates from our platforms as all share holders got, I asked him them dates as this gave nothing any other share holder didn’t already know and again he got my comments took down showing his guilt like he has been doing all morning when I post this soon I’ll just have to keep copying and pasting the same one lol
He’s a paid ramper holds no shares and trying to con everyone out there hard earned cash and doesn’t belong here all should report him and get them banned as they have the people that told the truth here and could have saved people a lot of money ie Irene
In fact I probably start reporting all the blatant ramping post to stop new investors from being suckered in to buying.
Antha - I am not desperate as we are producing oil which is a 0.35p value and anything else is a positive beginning with the Saffron 2 spud this weekend and we know oil is in Saffron being drilled using same pad. Then on to Suriname - I am far for desperate unlike you trolls. Just looking forward to a good 6 - 18 months of drilling with BPC.
And mine, desperation kicking in, probably see a lot more of it over the coming weeks, lol
Noted my post gone, sneaky sneaky
With the results due tomorrow am people are still buying above the 0.35p OO that has to be good news in itself.
So if saffron 2 doesn’t come up trumps there’s very little room for collapse as all I heard when he was confronted was we have assets we soldier on ,
Anyone anything else to add? So basically being diluted yet again for another hit or bust drill,
So there’s plenty of room for collapse as if saffron isn’t a success that’s if get that far, then there’s no promises left to deliver as all the other states wells rely on the success of saffron 2 so should it not deliver the company is left with nothing won’t even have enough to keep lights on without selling what little they have
*prove
Right now, "Trinidad tax credits alone ($85m gross/c$25m net) is approx. = BPC’s current MCAP". Given there is soooo much historical negative baggage on both the ex CERP/LGO side and the (soon to be) ex-BPC side, it's no wonder the market doesn't attach any value to the current assets and future plans. The BOD will have to proof itself, every step of the way and deliver on promises, stick to their words ("we're fully funded!" - haha) and show a path to profitable growth. And above all, be open with the shareholders. I have yet to hear anything convincing wrt to the above, and judging by the SP...I am not alone.
The problem on the bulletin board Starchild is everyone is still upset with the 1 (Note ONE) drill at Perservance and most on here can not expect they had to diversify which is why a lot of people are devaluing the other assets on the sole reason if P1 failed the company has and they can not see past that. That is the problem on here.
Bohemia: your post is very disingenuous, implying i acted unethically. Firstly, I made it a point since the OO was announced to recommend everyone takes professional advice before subscribing. I did not ramp the OO ONCE and only lobbied almost daily for a yes vote at the EGM.
Secondly the RNS and Eytan’s presentation stated the Placement would be at the same price. It was not my words.
Had the SP been well below 0.35p prior to the placing this afternoon, the company I assume would have issued a bidding placing of between 0.3?p – 0.35p as was the case with the September one. I now very much doubt this will happen. It’s all about hedging not manipulating others with false information as some folks do. If I lose out on the placing this evening because it's oversubscribed, it’s my gain (and other real LTHs) for the 10s of millions of other shares I have.
As I saw it, all roads lead to Rome. Based on the current very low SP, when buying via the OO, Placing or both, the company reset with legacy debts ostensibly paid after the Stena dispute settled (or budgeted to be paid) creates upside moving forward.
Thebhoys: I do not exaggerate or hardcore ramp. I state what I believe is true with caveated opinions before the Percy spud, during and after. I still maintain the opinion which I stated when the SP was at 0.5p…. ‘there is very little room for a long-term SP collapse, but lots of room for it to surge….’ Furthermore, I firmly believe (as does BPC and Auctus) the current MCap is approximately based on current production rather than potential. For goodness sake, the net Trinidad tax credits alone ($85m gross/c$25m net) is approx. BPC’s current MCAP
Starchild
The Board of Directors are stickings to timelines fine. The delivered P1 and Saffron 2 spudding this weekend. It seems to me the lack of confidence is mainly down to the imept trollers who do not understand the company and the fact BPC have delivered what they promised so far which is a Perservance 1 drill and a full program schedule for the next 18 months starting with Saffron 2 spud this weekend. What is the problem with people here? They even stated how funding is happening ie. when needed such as placing etc. How many idiot live on this bulletin board?
Etyan will deliver!!
Good morning all
Starchild we are seriously undervalued at current prices, 0.36p compared to 3.3p at the time of merger, but there is still no sentiment or trust in this BOD.
Until this changes we will be on this SP or less when we consolidate.
The market sees 12years of planning and £150+ used and they did not even get to being fully funded, told several times we were, for the P1 drill.
Even though you have been repeatedly wrong, although I agree with your analysis, posts pre drill and during the actual drill, but not the continued exaggerated posts afterwards. It’s all a matter of opinions.
There is no skullduggery on my part, I promise you that.
What I do not understand the continued optimism after the BOD, S.Potters mistruths, lies and deceit in my book!
It was shameful, to say the least, on their part.
Your posts do give many individuals optimism but not me my friend.
ATB
So you acknowledge the placing may be done at a discount to 0.35p. Even if you believe it would only be a small discount, I don't see how it's not disengenious of you to have left that out of your numerous "sermons". Especially since you've said, for example on 2nd May, "Any shortfall will be covered with an II placing at the same rate."
You must also therefore understand that if the placing price is set by demand, rather than being fixed, it *could* technically be materially lower if that's all the IIs are willing to pay. I think the congregation might have appreciated you sharing that.
If you believe the discount will be modest you've still played it strangely. If demand is good and exceeds the shares available, placees will be scaled back. Smaller placees tend to get cutback more than IIs so if you believe "Either way win win win" you'd have been better off getting your shares in the OO.
So you acknowledge the placing may be done at a discount to 0.35p. Even if you believe it would only be a small discount, I don't see how it's not disengenious of you to have left that out of your numerous "sermons". Especially since youve said, for example, on 2nd May "Any shortfall will be covered with an II placing at the same rate."
You must also therefore understand that if the placing price is set by demand, rather than being fixed, it *could* technically be materially lower if that's all the IIs are willing to pay. I think the congregation might have appreciated you sharing that.
If you believe the discount will be modest you've still played I strangely. If demand is good and exceeds the shares available, placees will be scaled back. Smaller placees tend to get cutback more than IIs so if you believe "Either way win win win" you'd have been better off getting your shares in the OO.
Eytan, BPC’s CEO designate (I think CEO by then), will be presenting at UKInvestorMag conference on Tuesday at 4pm. Register:
https://ukinvestormagazine.lpages.co/may-uk-investor-magazine-virtual-conference/
if link fails, try https://tinyurl.com/yu2e8rs2
GLA.
Starchild
https://www.lse.co.uk/profiles/starchild/
Thanks, interesting info about the criteria for a HNWI investor.
Star, good luck converting those Iranian notes!
Bohemia: 'Why?' Hedging! In case Placing is slightly below OO price. Last week I thought this could be possible, but now I doubt this will be the case. Either way win win, on my assumption, IMHO, that the SP is seriously undervalued.
PS: Without appearing to give the façade of being a big shot………………..I have MUCH more than 10 million in liquid savings. As long as converted from Vietnamese Dongs, Colombian Pesos or Iranian Rials…… to get the Pounds Sterling total.
To use trading slang, I’m more of a cute/playful yet rather obese dolphin or kitten, rather than a whale or fat-cat.
GL
Starchild
Curious, why would you do that when you can just put your excess order on the Open Offer return? No fee and more likely to get the number of shares you want.
Big day today
At +/- 16:35 today we will know via RNS how much of the Open Offer has been subscribed. Anything more than 25% will exceed my expectations. In the same RNS we will also know the price of the Placing. At 0700 am tomorrow we will get the result.
There appears to be some confusion on this BB, re who can be invited to take part in an ‘institutional’ placing. The simple answer is anyone who registers that meets the qualification criteria of ‘sophisticated HNWI investor’. You don’t have to be an institution, hedge fund, Warren Buffet or have £10 million in petty cash.
The simplest way to register is to contact your provider or broker and ask to speak to the Capital Markets Team. Which country you are resident may make a difference, however the chances are if you have an account with a provider, you pass this requirement. I do not live in the UK.
You will be asked to self-certify you are SOME, but not all, of the following:
1. Have been a professional investor for at least 1 year.
2. A sophisticated investor (a history of ‘substantial trades’ in the last 12 months)
3. Have liquid cash and similar assets excluding your home of between £250k-£500k.
4. Earn substantial income. (eg, >£100k)
You will be asked to sign a disclaimer as you will waive many rights compared to a retail investor.
To the best of my knowledge, there is no official minimum request, but appears to be 25k or 50k with some issuers. In fact for mega IPOs likely to be oversubscribed, your provider or issuer will likely only deal with their favourite fat cat clients such as institutions, pension funds, hedge funds etc who deal in millions per pop.
There will be a minimum fee of +/- £100 for the requested placement.
Although you service provider’s call centre closes at 5-6pm, the live brokers/capital markets team are usually on a different phone number, and work into the evening 8-9pm.
I have registered and plan to participate this evening, as I believe the SP is seriously undervalued. But that’s my decision and my opinion. I am not suggesting others will wish to, or agree with me. However, I doubt anyone will disagree with …. always DYOR or seek professional advice especially if contemplating registering for IPOs or placements.
GLA.
Starchild
https://www.lse.co.uk/profiles/starchild/
MacRS: be polite to fellow posters and it will be reciprocated. Before calling anyone an idiot or doubting their integrity, check your facts. No need to be rude. GL.
what did you do that for?..
break even for most is 2p...not 0.35p ...although some people were lucky to get in after percy.
any why the **** would you summon roseanne?