Would be good for your Shirley Street friend to confirm my understanding of the situation, which is that the BISX is being held up by the Government, pending some level of clarification on the new petroleum regulations that were supposed to come in this budget round. Not sure how far down the track to enactment the regs need to go, it could be sufficient that they are approved by cabinet or submitted to the National Assembly, i.e. the beginning of the process of getting the regs in place. Alternatively, it may require the regs to be completely in force. Suspect that it will be closer to the beginning of that process rather than the end, but maybe someone on the ground has a better sense of this. I see no reason why BPC would want to delay BISX issue. It will add some liquidity to the share trading and would be a way for Bahamians to participate in the value that could be created by BPC if they find oil. The Bahamas is a bit like Monaco. The citizens of Monaco are not allowed to gamble in the Monte Carlo Casino, just as Bahamians are not able to gamble in their casinos. However, the Monegasques are able to buy BPC shares. Seems a bit unfair.
,this is dragging on and on,,what is the fecking problem with the Bahamas,any other country would be biting yer hand off,,,crazy
3 pieces of news
that could come at any time and each with put this into orbit. 1. Cuban find announced. 2. Farm-in Agreement. 3. BISX Listing i know that all of these have their complications but around these prices it's well worth the punt imo.
As much i would like to recoup some of my loss in here with out and decent news which we haven't had for a long time i think we will shortly fall to 3p region we need some news!!!!!
4.4 - 4.5 so going in the right direction
Vol increasing last half hour- lots of 100k buys. Spread getting tighter. From a tech perspective it looks as though the reversal could play out here now....
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