Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Andy it’s circa $3mio mate.
GL.
I'd be interested to know how much Cash/Working Capital they have.
The bigger gains, barring any specific news in the interim, will be after Friday, imo, and the MF shares having entered the market.
Given the upside and likely forward selling in the past couple of days, I'd expect a good portion yo be held for nearer drill results.
This is set up really strongly for some major Rises to come now with several significant Re-rates being a part of that.
Have a good evening all
Hi AE
No the cash in hand or @ bank is the residual from various raises over the last year or two.
It is effectively the working capital raised to pay the bills.
It is important to track theses cash flows particularly to understand that McQ for example is not a big drain day to day because a specific raise was done 20ish months ago to pay their fee.
GL
Interestking, when you write “cash in hand” do you define that as bank interest? I do know a few years back, well many, many years the company was earning interest from the initial open offer of those funds were banked sitting in an account doing nothing.
Matsman1
Do you even know anything about oil and gas or the shares market?
You seem a little out your depth here.
Maybe should go back to stacking shelves
dont lose interest-king :) most here accept and respect the knowledge and the numbers small fish compared to you but the right result is a retirement woodland so lets be havin it ! bol
Mats
I will have 1 more patient go before I send the boys round to say hello:
I bgt @ 4p in 2010 and sold same holding @ 21p .
Subsequently have been buying steadily over 10 years and average now @2p in several millions.
The original trade profit virtually covered my current holding so as to bring my avg down to virtually 0.
You work out the ROI if you can.
You are using info from 3 months ago when virtually weekly since then there have been updates from Eytan and Simon.
The reason I know they have cash in hand is because I took the trouble to monitor capex based on conversations had with Simon and Eytan over many years- always keeping current.
I know their monthly outgoing and their cash flow based on previous raises etc - I have a spreadsheet!
Now you don’t know me from Adam so again because you challenge I respond:
I have been a financial markets professional for 40 years and worked for the biggest.
I ran a $5 billion portfolio so know a bit about asset evaluation and number crunching.
I like to think that most LTHs here know my experience from our rapport on this site and also hopefully respect my knowledge.
If not then I am delusional and you have found me out.
I think we should call pax there and we will agree to differ if you still do not accept my numbers.
GL
X
'It's not the despair, Laura. I can take the despair. It's the hope I can't stand.'
"why would you do that ? on hope !!??" - Yea, do you not hope this will come good?
Intrestking - That's strange as that information came from their Commercial Director during that interview and the other information came from BPC's own RNS dated 5th Nov 2019.
Do you choose to read what you want to see or actually read what's there ? Interesting.....
No where in any RNS is there a mention of $27m in the bank.
Mr Potter may have "said" this but the company, BPC didn't release an official RNS to state this.
There is a very big difference between what's said and what's in an RNS.
My own feeling, you've invested in this share for 11 years..... why would you do that ? on hope !!??
So how's your ROI doing after 11 years ?
Possibly your grandmother should have taught you to suck eggs instead of sitting on an investment for 11 years....
The chances are that some slides have been released from the presentation and someone in the know is buying up.
Mats
+ Simon Potter actually said they have $27 mio pre MF.
Don’t try to teach your grandmother to suck eggs.
I’ve been here for 11years and know this company first hand and do not need to rely on secondhand quotes as you seem to do.
Mats they have cash in hand of approx $3.0 EOY
Plus $1.0from MF
Interestking - Watch Audibles post, 3.10 in... $11.5m raised from Share issue.... from RNS dated 5th Nov, Total monies from Open Offer, Placing and CLN is approx $24.6m
In the same RNS, BPC cost the well at approx $20 - $25m so I stick with original post, this is a very very tight budget to drill a subsea well given the planned sea depth and well depth. No wiggle room if it hits any speed bumps.
Please Remember - Read what is there, not what you want to read, listen to what's said, not what you want to hear.
Mats it’s $13.3 from CLN.- £10.25
They have $28 mill including CLN.
CLN Confirmation is all I ask for. When confirmed then I'll have more confidence of a drill going ahead.
Even so, $11.4m raised from the share issue and $10.5m from the CLN ( when its signed off) gives approx $22m.
For a subsea well in 1000ft of water to a target depth of 14,400ft. That's a very tight budget to achieve that with no hiccups. $30m would be a safer amount of cash in the bank to ensure it's completed successfully and without another dilution.
For reference, read up on FOGL when they drilled the southern well in the Falklands, it broke them.. Read up on Sound and the misinformation given by supposedly respected Directors. In no way do I even view this BOD in the same light but always remember - Money has no conscience or emotion, creating wealth requires the same values.
spud date please... That's all I ask for
This wont re rate until we have news
some nice buys coming in , hope this is the start of a re-rate