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Jono, Potter got the Cerp assets for approximately todays market cap. He also fulfilled his promise to drill P1 (although not to full TD). P1 was rated at 35% COS. I see no reason for him to go.
I believe the remainder of the year will be transformational for ex Cerp assets and for BPC as a whole.
Hi Egg, just catching up and noticed your post.
Mainly agree with all but think that maybe not to many bashers here just a few ex holders who lost a few Bob and letting off steam, understandable.
Also maybe after 15 years and nothing really to show ,Potter should have been shown the door.
As for Harry seems I'm in a minority in that I think he had a point and that all could have been avoided by saying a word that some seem to have difficulty saying, but let's sleeping dogs...
but glad he's posting again.
One last thing, my name, you didn't call me Richard, stupid effort at a joke.
Anyway Good Luck, someone mention beer.
Hello Jono - just checking in and wanted to ensure my post to you was clear.
So the first bit - bashers to me are non invested people that post repeated, negative opinions about the company and its long term holders often manipulating facts to fit their agenda which again in my opinion is driven by people they are associated with or even work for. It’s these people that should be brought to account and exposed.
Anyone that has lost money has my upmost sympathy - it’s not nice - that said we are all adults and I hope accept it’s part of the risk you take - I too am underwater but chose to hold as in my own opinion there is more to this story than meets the eye and it’s way to early to fold.
Yes I do blame others for the SP performance but not the people that post here - the blame sits squarely with management and Mr Potter - he is accountable for poor performance but it’s here I feel some form of strategy is at play - what exactly again in my opinion will be made clear when we get the results from P1 - it’s way to early to call it a success or a duster but for me there are other good reasons to play the results down the JR being one.
You are correct - I do want the SP to rise! That’s why I have invested - I don’t agree with calls of 11p by Christmas or 87p by god knows when but this really is out of my hands which is where my comments that Mr Potter needs to earn his crust.
All small cap companies I have known need to dilute to raise funds to drill - necessary evil of being a minno I guess - I was fortunate to hold GKP just hours after the 9p fund raiser... many there spouted £20 a share etc but that sure as hell never happened well yet anyway. Point is we are not Exxon or Shell so need to raise capital as set out by the company recently. Could we of got a better deal than the LO give away? Who knows apart from the company. It’s done now so no point crying about it as some have.
Yes it has calmed down - thank the Lord and LSE for doing something about he whom shall not be named other than to say I did warn that he would not be posting much longer here just a shame he manipulated that into some dark threat!! Definite issues that one!
Now I’m confused - your first name? Have I typo’d it wrong somewhere if so my apologies!
Good luck but remember StarChild does give a detailed daily narrative that does give holders something to think about which I do enjoy reading - at least his investment gives him the right to give his view and to be fair that’s all it is! I don’t class him a ramper (11p by Christmas 87p etc ) who are every bit as bad as the bashers...
Calamari, further to Starchild's response to your post, remember, a company called Petrolatina went under and the MD blamed the plethora of negative posts on the chat board for the demise.
Now, maybe they were going down anyway. At least here, BPC have options to progress but negative posts can and do influence the price and Starchild is right, imo, to point out price manipulation by duplicitous third parties.
We live in hope of good news to be forthcoming which could put an end to some of the shenanigans going on here.
Looks like Harry's gone and hopefully, soon, it will be 'Goodnight, Irene'
Egg,
Respect you view and why you pulled me on mine as being one sided.
But remember some of those that you call bashers have lost quite a bit and maybe more than they can afford.
You have a had quite " fruitful" discussions on the other bb as well, as here but do you blame others for the fall in sp I don't think you do.
But do you want to see the sp rise of course you do and your post reflect that and it is completely correct that you do so in an non aggressive manner, by putting your views across successfully as do others.
Agree you have still got physical £'s invested here but some others that are not happy posters do as well.
And do you, make the authorities aware, whoever they may be, do you know?
Think you take responsibility for your own investments and realise bb for what they are.
This bb is very tame, apart from last week, compared to some especially on adv..
Anyway thanks for not calling me by a first name.
Good luck
Star child,
What an awful post, "there is no room for a spectacular fall" this share is 0.5p to buy when 12 months ago it was 6p, there is no room for a spectacular fall because it's happened and add into that the best prospect they had has been drilled and it's a duster. You're a clown mate.
Ahhhh bloody iPhone...
Should read *Despicable people should be prosecuted
Jono whilst you are at it perhaps you can ask the same question to the bashers - I’d say it’s perfectly normal for someone with physical pound notes invested to post on an investment thread in relation to that investment and in doing so gives another point of view against the negativity posted here - it’s quite sad that you appear to be one with not much good to say which then leads to the question why spend time commentating on a company you neither like or trust or picking at those who do? If as you claim you are here (LSE) to make money then there are other opportunities elsewhere - surely those who are not invested should manage their time more wisely - unless of course their is a reward for doing so? Ah well you see this is where the web of deceit begins as it makes no logical sense as to why bashers waste their time and all that effort for no apparent reason or gain?
Time is a valuable commodity and these negative drains are not stupid judging by the manipulative manner that sound bites are spun - which means they post for a good reason and it ain’t because of their genuine interest in the company... or to save us all from our mistake in investing in BPC.
All in all it’s sad that this behaviour goes on. I don’t post anywhere else much as I have a keen interest here and am fully aware of the pitfalls and mistakes made.
My view - Would be great if a basher was exposed and the truth behind their posts and the devious reasons as to why these people give daily commentary for no apparent reasons, only known to themselves and their paymasters and in some cases these despicable people prosecuted. To balance the same should be true of companies that mislead investors too.
Thanks for the info Star, but what do you mean by "substantial potential for spectacular rises." Is this 6,7,89 or 10p?
Good morning starchild,
Can I ask why you post everyday, is it to try and get the sp to increase.
Also when you invested in bpc and then started to post here did you think your posts would help or influence others to invest in bpc.
Also do you blame bulletin board posters for the fall in sp over the last few weeks, or was it the fact that p#1 was a dry hole and no commercial oil was found.
It's just that you seem to get very annoyed if someone has a view on things that differ from yours.
IMO posting on this bb won't have any effect on the sp but news or lack of news will.
Please don't take offence at this post and have a nice day, even a blissful one.
Starsfish, did they confirm that Saffron 2 will commence by the end of this month. If not, what was the point of your call.
Calamari: I respectfully disagree with you. Small AIM stocks with little or no independent analysts’ coverage are manipulated by using BBs and social media. Small energy companies are a plaything for traders for long and short selling. Source para 4 http://www.cfdsurvivalguide.com/cfds/trading-aim-shares . In BPC’s case I have some evidence traders specialising in BPC signal each other with cancelled trades and herd commenting (or trolling) to affect market sentiment. This is difficult to do with a large market-cap company such as Apple. These traders can make substantial gains using CFDs and derivatives especially on days volumes are low.
The authorities have been made aware of this.
Good luck.
Starchild
https://www.lse.co.uk/profiles/starchild/
I had a productive 30min call with a BPC board member yesterday. Although the call was confidential and will remain so, I neither sought nor was given market sensitive information.
During the call I provided some constructive suggestions yet at no time did I get the impression the agreed meeting’s purpose was to pat a substantial BPC shareholder on the head for PR purposes or out of duty. The company does monitor BBs, is FULLY aware shareholders seek updates and will provide these as soon as possible when ready. Following the call I continue to remain both patient and bullish.
Although the matter wasn’t discussed, I continue to have the opinion that at the current market cap and share-price, there is NO room for a spectacular fall but substantial potential for spectacular rises. Please refer to my recent posts and research what news can trigger these https://www.lse.co.uk/profiles/starchild/
As for those that spend hours machine gun posting negativity dressed up as ‘warnings’ on this BB, usually with no research or evidence, what are their motives? Care and compassion for fellow human beings as an act of selfless sacrifice akin to being a volunteer in a soup kitchen for the homeless? Or for selfish gain to suit their trading strategy or to help special interest groups? Or out of pure spite because they lost money and wish to get revenge on the company and its shareholders? This para does not apply to real shareholders who occasionally make their feelings known out of frustration.
I am not a day trader (with a recent caveat in total transparency relating to BPC) and as such look at the medium (weeks) to long-term (12+ months) position rather than daily SP fluctuations. Unless every possible thing can go wrong in relation to BPC’s assets including the ex-CERP ones, I believe LTHs are fully hedged with a SP recovery to pre-Percy-1 drill result levels and more.
IMHO. DYOR. GLA
Starchild