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Ibiza
The problem I find is that if its a strong price at spud, and by strong I say anything North of 10-15p for anyone who got in pre 2p or low 2s it's would be hard to hold on for the gamble of COS at 35%.
However I could be very wrong(often am)
So no one sees this reaching £1 or £2 a share on discovering potentially 2 bn barrells of oil. I am not sure how we just end up with just a market value of just around £1bn. I am not asking at point of spud i am asking having done all the exploratory drilling and found hopefully >2bn barrels. The asset value of the company would be far greater than this. I have say that your idea of ballistic and mine are slightly different.
10p pre-spud, with an intraday 14p spike. Success at the drill bit, around 35-40p.
29p, and I am being ultra generous
Just how Ballistic do you see this going. Any thoughts. I have mine but just get laughed out of court. I suggested some time ago that we could do a Rockhopper went from 46p to £4 /£ 5 in no time. I accept that they had far fewer shares and oil price was 100 a barrell then but they had an infrastructure out in the Falklands miles from anywhere and a lousy farm in deal of 30/70 i expect ours to be considerably better when i comes and i have a feeling that unlike 2012 we might be the only game in town so to speak.
Sid, an early happy Christmas spud to you and Ralph!
https://www.youtube.com/watch?v=IJPc7esgvsA
I am quite happy to see this go down in the short term as I am going to pump in again. Anyone who has bought in to this stock at current levels and especially around the 2p mark :) is sitting pretty. If the stock goes down and people are looking for a quick short and a few bucks well good luck with that one but that is far too risky for me. This stock is heading NORTH make no bones about it. Years of astute planning by very seasoned experts in the oil industry is coming to fruition, funding has been raised and the Bahamas oil field which is one of the largest untapped oil field in the world is about to be drilled with a date set. Get on quick before the ship sets sail is my advice or you WILL quite literally miss the boat called Stena Icemax.
Proper news...?? IM not sure what you think 'proper news is' but sentiment is with this now and will continue for the foreseeable. Next 'news' which is expected has to come between now and the 15th Oct... anything else of course could and will come at anytime.
Working hours is that UK working, US working hours if an American major or Australian working hours as i believe our people are out there.
richierick, personally I wouldn't want to be out of this before xmas if you think we could be as big as telsa.
exactly, this is the time to accumulate and be ready for the next big news. Clearly many including me missed the 2p thinking that drill is going to be next year but Potter surprised with a fantastic RNS announced spud date to be in December before Xmas. This will go ballistic if the billion barrels oil is found on drilling! will be life changing for all who got in now as on the spud date!
Example.
RNS Thursday 11th June @ 11:47am - RECOMMENDED ALL-SHARE MERGER
Bombshells like this can drop any time now and very well might. No one saw that coming in a million years.
Rickie, Given that there is no restriction on news flow and it could happen at any time and like you acknowledge you expect something within the next 2 - 3 weeks, do you feel comfortable being out of this when hugely significant news could drop any time?
As i've put in other posts, if someone believes with the right news this share can be significantly North of these levels you got to have some stones to be out of this at this period. Historically, BPC have like a 7am Thursday RNS but given a farm-in contract is likely to be signed within working hours and it would be so significant the market should be informed asap, news could land at any time on any day, now.
Risky game being out of this now if you believe it has significant head room in my opinion.
Rick
Tesla, you mean 52 week low circa 44 and high above 500, .and I hourish you said 2.50 by weekend and now 2.30.
Make your mind up matey.
Its like watching that movie my kid just watch "Trolls"
at least 4p by weekend
This is not going up for a while, the market has changed you can have your money working in other stocks. Look at what happened to tesla. This is gonna be down to 2.3 by weekend it needs proper news now. That's not for 2_3 weeks. We don't need pump and dump so don't encourage it.
For alll those shorting this - HAHAHAHA you suckers bad luck. We're GOING UP
a sell
Trade number 248 - 1,175,000 thank you very much. Not mine but a confident trade.