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Hi harryJimPI
You guys know I’m a glass half full bloke - but I’ve read everything I can about our company/s but am devoid of real info now.
I get MOUs etc BUT we need more info as investors.
GL
IK
XX
Verbal crap lol... nothing crap from my end. No need for the rudeness Harry you naughty boy.
Harry I sold over half my BPC shares when the merger was suggested, by the bod, for the very reason I had a bad feeling about their honesty. I’ve come to the conclusion that if we don’t merger it will cost us. So I do get your point about being rogered. CERP being onboard gives me peace of mind.
Is that a tactic to get me to release your false rumours again. You’d be good (or bad) working for a PR company. Maybe you should be head of Facebook monitoring team
Harry I don’t want to filter you mate, I need to keep check on whether you are giving out a load of bull shi* about the company and spreading malicious rumours. When you stop doing that then I’ll filter you
Gla.
Harry I am a novice. I need guidance just like the next inexperienced guy. I welcome peoples views but to a point. There is no debate with you it’s my way and if you don’t listen your a bum or even a novice. You’ve got a serious problem with accepting others views if different to yours. I can see you throwing a tantrumif you don’t get your own way.
Star,
I agree with Harry and am not part of any group.
Not ****ging the company off at all just want to warn any new investors that may read this board on the perils of the investment they are about to make.
This is 100% ticking down this week and into next guys without an RNS and all the futile ramping will not change a thing.
IMO
Harry. I enjoy having a debate like the next person but it gets so mundane when it’s nonstop crap that’s being thrown at you. You need to stop and give yourself a break.
They could apply for the issuance of shares at any point. That’s what companies do. Your supposed to have your say, as we all do, but it’s not stop depression reading the continuous nonstop negativity. Harry You’ve got a serious issue here. If you don’t stop your not only going to drive yourself into depression, your going to take us with you.
Novice if the BPC board came out and said that the drill was funded UNCONDITIONALLY then I would agree with you and others that the CERP deal is unnecessary.
The truth is that in many of the recent releases they have stated over and over that the deal gives them more borrowing options and will attract investors.
Translation is, we need the merger to complete the funding. If you vote NO then you are risking a no drill.
Just my opinion from following all of the recent information and I could be wrong but why take the risk? 25% dilution for Purchasing assets Seems better than the possible alternatives.
The desperation to lower this share price is beyond me. I’ve seen it with another share I’m in where people have made up that there’s a court case against them. Why I don’t know. As I have stated before, the market makers will keep bpc and cerp at a certain level within a threshold. It hasn’t dropped 8% today, yesterday was a 5% Increase. It’s like trying to fly a helicopter and keep it within a hovering position for a length of time. It will fluctuate. As I stated on many previous posts, the mm’s will try to keep the price level and as for major rns being released, that is highly unlikely whilst there is any kind of m+a going on due to market sensitivity. The only time an rns will be released that may majorly make the share price rise will be if the information is being leaked and they need to release it. Otherwise it stays quiet until the m+a is complete. Or at least until results of that get released.
Oh Lordy..now there's a problem with Perseverance...whatever next!?
Novice,
I wouldn't be so sure bud. There doesn't seem to be much excitement leading up to the drill so far, the general rhetoric seems to be the desire for an RNS.
(If it comes in the way of your last post I would be over the moon)
IMO
There is no issue with p1. Fully funded and operationally ready to drill. Fact.
Really well put Jim.
Do you think there is a potential issue with p1?
As you have highlighted the CERP merger doesn't really benefit the shareholder so the only logical rationale aside from securing futures is there is a problem with p1?
IMO
I see still no more information on this bad deal and given the now open window on voting it is highly unlikely any will come. What another huge disappointment from BPC.
CERP are a company backed into a corner because of the global pandemic, as Malcy stated they are unable to raise money by usual means, they have liabilities in Spain to abandon 18 wells. There production is almost insignificant at less than 600 bopd. They have no profit margin in this climate or one in the foreseeable.
If it were true that this joint company would give BPC greater access to money markets and institutions then why can’t CERP leverage that position as a single entity without BPC baggage? They can’t because money men see them as virtually none existent at the moment. Money markets are sharp and if you’re wanting someone to do your risk assessment and appraisal of this deal for you ask yourself why institutions haven’t floated CERP already? It’s not worth the hassle for them.
As for BPC, we have a financing plan for P#1 and this has been clearly spelled out for us. It may not be the best deal on the best terms but we accept it. So why take on this CERP dog for almost another 900m shares more, plus all the extra options that are being tabled.
If you’re ever in doubt if this board are aligned with you just look at Resolution 3. If they were man enough they should have made that Resolution 1.
We want to drill P#1 on the terms we know now and if it fails that’s what we bought in to and we’ll have closure on this decade long saga.
Don’t let anyone fool you that voting is futile and a takeover will happen regardless, a takeover will still need approval.
All Resolutions should be voted down and we need to get back on the path we were on before our BoD sucked the life out of this share to give themselves opportunities for many many millions of more options. Get on with the job in hand BPC and reward yourself that way, you’ve bitten the hand that feeds you and we don’t like it you greedy animal.
JtK