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I particularly like the bit in R3 where it only has to travel one mile from the port - though the exercise price is 2.8p which is a premium on today's price ;@)
Resolution 3 would indicate the BoD are not 'aligned' with us.
Gaz, all things being equal, the share price of the merged company 'should' IMHO (in an efficient market) reflect the combined market capitalisation of both CERP and BPC.
Hi GarryGraham, You seem to have been invested a long time and neither a ramper or worse for AIM a bitter de-ramper. My question is I am looking to Invest in BPC and have been following them a while but I can't get my head around what will happen to the SP if the merger goes ahead. Would it see an initial drop towards CERP price or would CERP rise towards BPC? I'm not really a seasoned trader i just like small OIL companies such as BPC, Premier when they were small, rockhopper and BOIL. and held shares in them all at some point i'm just at a loss with what is expected to happen post merger.
share price is just ranging here so the MMs and big finance can make a 10% killing on swings from 2.7 to 3p
same as any exploration company in that regard, benefit of the merger and new licenses is that if oil is found then significantly more opportunity lies ahead and fundraising will be easier
As a shareholder in BPC I have listened to podcasts, videos by CEO, and other board members. Everything is irrelevant if they cannot find oil in P1 it is as simple as that. The board of directors can have as many PowerPoint presentations as they want but something tangible has to be shown sooner or later. That tangible product is called oil. If they don't find oil sooner or later they have nothing. They can have as many licenses in the Caribbean and Central or South America as they like and offer business and financial presentations to shareholders but if they don't strike oil the company is worth £0.00 - I might be stating the obvious but that is how simple it is. Its time to deliver the goods to shareholders and become a viable profitable going concern in the oil industry or get out and stop pretending you are the next Royal Dutch Shell or BP. Of course, as a shareholder, its a risk like everything else but I feel we are coming to a crossroads which will determine whether or not this is a great investment or an Indian snake-oil company! The directors seem very confident. I guess we have to buy into that belief as shareholders.
i was made aware of that podcast two weeks ago someone put the link up but forgot to listen to it,
since watching/listening,...even more convinced merger is a good thing,...its not ideal but a skint,producing company thats needs capital is a benefit at this time,...
adds to portfolio for prospective new money,
to top all else persevernce was mentioned several times, its getting drilled, money in place and unconditional contracts are there,..long lead items in storage...just waiting for hurricaine for that
cerp/uraguay, leo k, suriname,....all a bonus for a small (if noticeble) dilution..
company maker.
please watch that link people are re-posting....answers some of the doubts i feel...
on another note the sp is a temporary chance to top up!