Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I'll still be here, waffling............ ! during the double figures Ibiza............. :()
Hear the "Honk Honk" of the Icemax horn for 4p........... :)
All the best (locked and loaded with supplies to work to get that oil out........ :()
For me at 4p spud price not worth cashing out and de-risking the upside is far too great to ignore at that price. SP of 6-7p starts to become interesting and at anything around 9-10p both a proper de-risk with a premium and enough shares still around makes this very enticing. The upside against the downside is incredible IMO
3.20p hmmm
I will make £671, no bad
I will get out at 3.20p!. any one 3.20p ?
Companies with 3000bbopd, and cheap fast expension plan to 6000bbopd in a year and transformational assets are valued at less then 20m pound.
If p-1 is a duster you lost your money, youll be able to sit for a few years on 0.5-1p thanks to the cerp merger and perhaps get out at 2p in a few years.
Cerp retail investors are aware of that.
Star, not trying to look down on you, but in how many oilies were you invested other then bpc?
You are very naive persuading your self your investment is hedged, its not!
I hope for you all p-1 will at least prove one or two layers so it wont be a total duster and then your investment is gone.
It is a very interesting well and there is a chance of a major success and multiples to the current price but if you think you are hedged you might find your self in a very bad situation.
Just simple facts of the game..
GLA
that mean when SP hits 4p you turn negative
nice
Like others I'm going to leave the free ride in for the spud, I have a feeling it might be a success. On a side note does anyone know of a website or resource that tells when other companies are going to spud?
I didnt say you cant earn money here, its a multi bagger potential, but its a "dream company" and its important to know what happens in a duster scenario.
Im invested here for a potential hype on spud, not staying for results, not because i think there is no chance of a major discovery, but because im not in the high risk high reward game, for me 50%-100% with no risk is the plan here and for that i need 3-4p by year end.
So why did you invest in BPC
Companies with 3000bbopd, and cheap fast expension plan to 6000bbopd in a year and transformational assets are valued at less then 20m pound.
If p-1 is a duster you lost your money, youll be able to sit for a few years on 0.5-1p thanks to the cerp merger and perhaps get out at 2p in a few years.
Cerp retail investors are aware of that.
Star, not trying to look down on you, but in how many oilies were you invested other then bpc?
You are very naive persuading your self your investment is hedged, its not!
I hope for you all p-1 will at least prove one or two layers so it wont be a total duster and then your investment is gone.
It is a very interesting well and there is a chance of a major success and multiples to the current price but if you think you are hedged you might find your self in a very bad situation.
Just simple facts of the game..
GLA