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Thebhoys I empathise with your losses.
I was never in BPC pre-merger so I don't have the same level of frustration many have.
As Eytan expressed, for those who chose to invest in a company that wasn't making any money who had to raise $120M to drill a well they had no business drilling, should have invested with the knowledge of potential results.
I got sucked into the potential of the Bahamas without doing any research so I am mad at myself because I would of not invested as much as I did. But hey, thats what invested down here in the microcaps bring. VERY high risk, very high reward.
The answer is a big fat NO.
Why! Three big begging bowls from the start of the drill with a come fill your boots at a reduced price of , wait for it, shock and horror 2p.
There is no forgiveness here. The pick their salary up we lose 80-90% of our holding.
SHAMEFUL to say the lest.
Never mind Simon you have tried so hard for 12years and to show our appreciation you can still have a non exec position.
I don’t care what others say, some one called me a girl and stop whinging, well let me tell that numpty I ain’t whinging I am damn hurting at what has happened to both the companies, I am invested in BPC, ex CERP, the have become another company called Challenger Energy with almost the same BOD.
It’s a farce but we will just have to sit on our hands and patiently wait to see what happens.
I keep trying to post but it keeps being erased before I can do so.
Shouldhavesold me and Bully have had our disagreements in the past, to say the least, but I have to agree with him on the point of the ex CEO Still in the company on a cushy number.
Over a decade and £150m spent getting us to a fully funded P1drill, haahaaa, I will crack the jokes.
Continuous false truths all along and the MMs know this.
Do you honestly think they are going to show any sympathy to our company whilst he is still on the BOD and his prodigy steps into his shoes. Well do you?
PaperHands - hear what you say about professional advice but some on here could do worse than spend a few minutes on the Government sponsored Money Advice website - it would improve comprehension of risk/ reward concept which may help to limit over exposure.
If saffron 2 results half decentthen we will rise. If not, down we go again :)
Rtvk; you've only lost value on your screen so far.
If you sell now you have made a real loss.
If you don't need the money for two years then it may be better to hold/buy more. BUT only if YOU believe that the company can improve.
bully financial advisers near me get confused by a halifax ftse tracker... not sure oil punts is their thing.
rtvk.- from all the infighting , id guess this is a lot of old money unhappy about losing more and being diluted.
i normally see smug words like 'top up' and 'tranch' and tw%%tish words like that when people are feeling smug.
my guess is thsi company is full of s&&t lol
@ Bully1985,
If possible please let me know where i can access the professional advice?
Thanks
rtvk unless one wants to day or momentum trade, why anyone would buy shares in a company that they weren't sure about its future planning is baffling.
May I suggest reading all the recent company news & watching the corporate presentations to help you make the right decision for you.
Hi Guys,
Can someone please kindly advice, worth taking the offer entitlement? Bough this sharers @ 2.40 p and still holding.
Can average down if I buy the offer entitlement, but not too sure about the company's forward future planning.
Lost significantly on BPC & HUR. New to trading and almost lost /down on my all shares.
Thanks in advance.