The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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That was the past - the future is what we are looking at now. Saffron drill very soon - look at the sp in 6 months and we will see a totally different positive picture
Willec
"After c14% rise on Thursday and Friday I can not see this going lower. Expecting further increasing in SP this week"
The stock has been in freefall, a small bounce and the below figures are still alarming
1 month down 39.83%
Year to date down 85%
Bully I am not happy about the company performance over the last 6months, nor am I defending any decision or result.
I am not a shareholder activist nor do I have any desire to become one.
I am a passenger here & will get off at a stop which I think is as good as I can get.
I have accepted the journey, I'm not going to whine about it the whole way though.
Evidently the company keeps tabs on shareholder concerns via these BB's so sentiment does not fall on deaf ears.
Bully my opinion on this is that it doesn't matter anymore whether or not it was the only option. It was the option that was taken which enabled the well to proceed.
The CEO has stepped down; if any justification was required is that not enough?
One can certainly choose to keep going over the facts if one feels its necessary. No point crying over spilt milk in my opinion.
SvS, Good Afternoon!
Why do they need to ramp ceaselessly for newbies??....Well:-
Because their bosses need cash and they are contractually obligated to ramp.
Because RRL and LGO and CERP et al
Because the Church always needs more money, it is self-sufficient and all-knowing in every other respect, it just needs your cash!
That's why...
And mind the gentle pastors and their pseudo-professional genteel ways...watch yourself, you could be a Sharkchilds next willickable biscuit!
After the recent Q&A video, I assumed that would of been the last time the "fully funded" quote would be raised again.
Findme, the withdrawing of finance that WAS in place was explained by both Simon & Eytan in separate videos. I have accepted the set of circumstances that led to that decision & the decisions that had to follow to keep the company going.
You don't have to accept or believe the explaination if you don't want to I guess. Although being as you weren't part of the negotiations, you may have inside knowledge as to what really happened & that's why you refuse to accept the company explanation.
I am sorry this is something you don't feel as though you can move past.
As for anyone setting out the company fundamentals for newbies, I am confused as to why anyone feels that is their job or necessary to do. Why is it necessary to present a case for people to invest. Isn't that the job of the company's commercial director?
The funding options were pulled due to the legal case
The LO was literally the only option that allowed them to drill as deep as they did
All well and good saying it was a poor deal. It was. But it was the only option. They rolled the dice and I’m sure we would have alll done the same in the circumstances given the time and money already committed
Fatalcharm:i quite like the challenger name, reminds me of theDodge version haha.
How do i vote for resolutions? (Yes showing my novice side)
After c14% rise on Thursday and Friday I can not see this going lower. Expecting further increasing in SP this week.
Findme - so you don’t buy the reason for the LO deal was due to no other option at that time?
Looks to me like E is straightforward and to the point - but then unlike you I have not sold my holding so therefore not looking at a lower entry if that’s how I read this mornings post from you...
I’m sure you see where I am going with this as will others...
What about "Starlec"
Or "Willchild"
thanks for the usual morning summary, Starchild. Much appreciated.
I have voted for all the resolutions except the renaming to Challenger which is a disaster. Bee Geeus, can't they come up with a more appropriate name like New York Mining.
I was having my breakfast "pillec"
I'm typing on a mobile that has predictive text.
But I'm sure you was aware of that.
Took him 15 minutes to notice the error. I see English education at primary school isn't working for you then DaProphet
"Throw"
Can anybody through anymore light on these CERP/FRAM negotiations?
Egg, I have never attempted to steer anyone anywhere but would i be right in saying that the new CEO to be was on the BOD when BPC was fully, fully, fully etc etc funded for P1 and the one standing down is still in the wings with, I should imagine still quite a lot of influence.
Forget about the past this is the time to be invested - now P1 if finally out of the way we can get on with serious drilling
Findme - a couple key players from that old team of BODs are either no longer with us or running the company so with respect newbies don’t have to go back that far - assuming you buy into the reason for taking the LO deal by our now CEO as truthful - which having heard the man speak looks to be the case.
Don’t let your decision to sell at a loss and look at ways back in cloud your judgement or attempt to steer others.
With respect Star, newbies need to go back much further than the last two presentations to get a feel about how BPC and it's BOD have conducted themselves.
Having taken a substantial loss when I sold out I have been looking for a way back in but I was a little put off by some posts I saw between Razorman and Hull... on the PRD board at around 8am last Thursday.
Key timelines of expected news events. Most will have a bearing on the share-price:
May
• Tomorrow morning Monday 10/5: last chance to take part in the open offer. [Suggestion: take professional advice]
• Thursday 13/5 16:35 RNS announcement of the result of the Open Offer and the launch of the Placing
• Friday 14/5 07:00 RNS announcement of the results of the Placing
• Saturday 15/5 11:00 latest time and date for filing of proxies for the Extraordinary General Meeting. [DON’T FORGET TO VOTE! Refer to my previous posts]
• Monday 17/5 11:00 Extraordinary General Meeting. Results will follow via RNS later that day probably +/- 14:00.
• 24/5 Saffron 2 Spud announcement from previous day Trinidad time (UK Sunday evening)
By end of June (IMO)
• S2 spud interim results
• Detailed Bahamas Percy-1 autopsy (Eytan presentation, ‘4-6 weeks from now’)
• Update on Suriname spud
• Final Percy-1 costs as negotiated with suppliers
• Update on general funding needs
• Update on next steps in Trinidad exploration and production
• Update on the EA court process
• Y/E 2020 audited accounts including material events since 31/12/20 as at publication date
Summer 2021 (IMO)
• S2 full results
• Possible commencement of legal action against the enviros for attempting an injunction which cost BPC and its shareholders millions, while allegedly harassing suppliers (LOL and Lloyds)
• Confirmation Bahamas licenses have been renewed from 1/7/21 for 3 years……
• …..which could open the door to a farm-in announcement by a major player or a consortia of smaller ones to share the risk/reward. Will BPC get a percentage of the $140m spent and/or free Percy-2 and 3 drill(s) in 2022/3?
Background info for DYOR
I suggest all newbies watch two recent presentations by Eytan Uliel, CEO designate.
• 29/4/21 company presentation (31 mins) https://youtu.be/oEl4lw107OA
• 6/5/21 follow up QA interview (38 mins) https://www.youtube.com/watch?v=97B0ZuskdrI
• Read the 5 page Auctus 27/4/21 pro-analyst’s report: https://d1ssu070pg2v9i.cloudfront.net/pex/bahamas/2021/04/28113530/Auctus-BPC-27.04.2021.pdf
Warning
A small group, some who admit to shorting BPC, bombard negativity on this BB 24x7. Some resort to name calling and trolling while allegedly ‘shorting and distorting’. Be warned, so always DYOR.
Personal objectives
Above IMHO. GL2A real shareholders and new ones who will join us on Thursday evening. JFTR, I plan to subscribe to the II placing. I now see BPC as 3 investments: Shares pre Percy-1 result are ‘parked’. The ones purchased between 8/2/21 and the Open Offer should increase. The ones taken in the OO and II placing should soar. But that’s just my opinion and I could be wrong. So, always DYOR DYOR DYOR.
Eyt…ooops…. I mean Starchild
https://www.lse.co.uk/profiles/starchild/
Ps…I am NOT Eytan, Leo K, nor Leo’s wife.