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After this 135 million there will be another 500 million around the corner when they do another placing. Just saying how I see it. They have 10 billion to play with!!!
The share price is dropping because 135m shares are being dumped into the market. That is nothing to do with posters here.
On the other hand, there are some of you posting deliberately misleading positive speculation that might be helping keep the share price up while that dumping is in progress.
I am sure most of you are lovely, but I don't think market makers are the ones doing the manipulating. Keep safe and happy investing!
Shocktrooper - apologies for Irene - although she’s been posting for eons the bitterness immediately overcomes her - she clearly didn’t see the subtlety in your post !
trooper, I don't disagree, in which case now is a good time to buy in.
Look, if BPC were just an exploration company with confidence as low as it is following a disappointing p1 result I would expect this current sp. But the fact is we hold quantifiable assets, which if sold today would be way higher than the current MCap. The reason the SP has been suppressed for so long is due to the simple fact the the BOD raised funding through selling off shares to a financial institution who could give a toss about the O&G sector, all they want is a return on their outlay, once these have cleared the SP will reach its natural level. This is of course on the premise that they don't need to raise more cash to develop the assets.
We need an RNS soon to clarify the position. Until then it's a waiting game.
The other thing that cannot be ignored is the fact that the poo is rising quickly, once the world economy goes into overdrive when we finally get out of Covid I can see the price of oil going above $90. By year end if we hit our 2500 bopd target we will be looking at an sp in excess of 5p.
Aimho.
DYOR,
Shock trooper, I don't disagree, in which case now is a good time to buy in.
Look, if BPC were just an exploration company with confidence as low as it is following a disappointing p1 result I would expect this current sp. But the fact is we hold quantifiable assets, which if sold today would be way higher than the current MCap. The reason the SP has been suppressed for so long is due to the simple fact the the BOD raised funding through selling off shares to a financial institution who could give a toss about the O&G sector, all they want is a return on their outlay, once these have cleared the SP will reach its natural level. This is of course on the premise that they don't need to raise more cash to develop the assets.
We need an RNS soon to clarify the position. Until then it's a waiting game.
The other thing that cannot be ignored is the fact that the poo is rising quickly, once the world economy goes into overdrive when we finally get out of Covid I can see the price of oil going above $90. By year end if we hit our 2500 bopd target we will be looking at an sp in excess of 5p.
Aimho.
DYOR,
Beware, some posters on this BB will try to put off new investors as they are hoping for the SP to drop so that they can gain a lower entry point.
Cerp it’s on its backside now ffs!!!
Problem is, not enough oil be drilled. S2 still has an unknown start date
yes of course with oil prices rising its in a really bad position lol
Laallee
The business has been managed so poorly that it will be lucky to survive, an intraday drop to this level is worth the gamble for me.
I
Dreamland, when making a decision on whether to invest in this company or not please research the facts carefully, a good starting point would be the BPC website and previous RNS's.
Beware, some posters on this BB will try to put off new investors as they are hoping for the SP to drop so that they can gain a lower entry point. Others such as myself obviously want the price to rise. Only take notice of the facts, if you do you will come to the right decision.
DYOR,
Good luck..
0.2 Zag? If this goes to that low it'll never recover....
I will wait for .20 entry point as I can't see it going anywhere for 6 months
Thanks I will buy some tomorrow.
Where have you heard BPC is going bust? Far from it!
Announcement on spud date for Saffron 2 development well expected soon, targeting proven reserves. The reason the share price is subdued at the moment is due to the fact that a batch of shares are being offloaded by a finance institution, once these are cleared we can expect a sharp rise.
DYOR,
Atb.
If anyone can represent /explain as clear as possible that this company will bust or not? Then you can see new investors will be in. Most of the new inventory have doubts that is this company going to bust?