George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I agree, however, there is now several additions to the mix since 2011 to be considered along with the additional billions of shares.
Back in 2011 we did not have the additional seismic data, a date to drill, additional resources from the merger etc.
I am not expecting double figures in the next few weeks, though I do hope, nay, anticipate double figures when the drill bit hits the seabed - and of course that is merely supposition - I have no experience of the drilling industry so I will leave the technical attributes to those that do know.
I will suggest to those claiming to know will soon be found out by those here that do know. All the very best and stay safe. ;@)
Almost three times as many shares in issue now, as there were in 2011. So the 20p share price in 2011 now equates to around 6.5p.
1,230,479,096 in August 2011.
Parpaing. How many shares were in issue in 2011 and then check the number now?
20/25p would be lovely by December. Depending on how good the drilling is I probably won't be selling anything, if for any reason the drilling is ok but not outstanding I will probably sell some. But I'm hopeful of a great outcome with outstanding results, but you can never be certain of what you are going to get.
3rd Feb. 2011: Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, is pleased to announce that the company has completed the acquisition of 1120 km of long-cable (8km) 2D seismic in its southern licences. The new seismic survey has confirmed the presence of multiple prospects, some of which are 4-way closure in nature and some of which are combination stratigraphic-structural traps.
The share price was circa 20p on this news so I expect the SP to be at least 20p in December, bearing in mind there are more than double shares now.
Great posts, Star. I hope no puppies were harmed in the making of it.
Great post star
Dear Father Christmas, I append a memo note of our emergency Zoom call. Thank you for taking the call so quickly based on Irene's daft post of a few minutes ago.........
1. I am delighted you have recently purchased loads of BPC shares and read this BB daily.
2. My XMAS stocking wishes, for your records: world peace, a really hot BPC interim RNS before Christmas day. (And for me to possibly become a ‘pop’ star …..and have a facelift/nose job/lipo so I don’t look like the back of a bus)
3. Without appearing pushy, as politely requested with the justification and evidence provided….. if at all possible, could you please change your logistics schedule to deliver IreneK’s XMAS present LAST. This means your sack will be empty and as a favour ask you to kindly bubble wrap, dispose of and transfer the extremely annoying IreneK to Lapland for at least ten years.
4. In the modern world we live in, consider using DHL for logistics to deliver Christmas presents worldwide. It will save you the hassle and danger creeping into people’s houses in the middle of the night with the added risk of wrongfully being accused of being a fat bearded perv. Especially in gun owning USA.
[We wish to thank our generous sponsors DHL for this post. DHL’s excellent German parent company Deutsche Post (ETR: DPW) will see its share price soar by 32% by year end. Why? Its legendary customer service, competitive prices and speed. I regularly courier bulldog puppies (yuk, I hate bulldogs since my traumatic experiences with the ex-missus’ toe nail eating dog, ‘Captain Gumdrop’) to various destinations worldwide and it only takes 3 days door to door. Amazingly, an average 57% remain alive despite being bubble wrapped and boxed up with no food or water. ]
Key takeaways: (a) Owning BPC shares pre and post-spud is like Christmas day every day. (b) Does anyone want to buy a bulldog (yuk) puppy with free delivery included? (c) Ignore IreneK’s nonsensical and extremely irritating regular BPC de-ramping posts on this BB. Most of us do.
Starchild (AKA Starfish)
xxxx
"(Not a chance imho)" - based on what?.. Your continuous negativity or you know something we don't? Jog on clown.
The huge 3.3m buy was a late reported trade from 08:35am. The buyer (possibly an institution) paid a premium 3.10p per share to avoid the hassle of ‘pratting about’ with little buys of less than 500,000. Similar happened on Friday for 2m. There is at least one whale in the water gobbling up the krill. It would not surprise me if they continue to do so and one of the whales breaches the 3% ownership reporting level, followed by an RNS. It is unlikely to be a fat cat short-term-gain trader as such large buys in one hit will eat into their potential profit margin.
It’s a great time to be a BPC shareholder for the following reasons:
1. The 1 in 3 chance of a massive billion barrel / billion dollar find and 50% chance of a commercial find. Either success will imply there’s more black ‘gold in dem hills’.
2. The unique situation of being able to hedge this ‘bet’ based on CERP assets.
3. BPC pays no corporation tax and only 25% royalties. Lots of room to do a mini JV with Stena or a mega JV with a major.
4. Despite PoO being sub $50 and Covid, majors are doing farm-ins, farm-outs and JVs. See https://www.keyfactsenergy.com/news/?news_type=5
5. Stena can earn hundreds of millions in revenue from BPC’s offshore exploration -> appraisal -> development in BPC and CERP acreage. And let’s not forget Uruguay. It’s in Stena’s interests to help BPC and they have the funds (or cashflow if delayed invoicing) to do so.
Some current and future investors only want to invest to profit from the excitement leading to the SP surging, up to and before the expected spud result. It is their absolute right to do this and I affectionately call these folks the ‘spud-u-likers.’
Other LTHs have traded the share and now hold enough free (or almost free) shares to get a free bet on the Percy-1 outcome. Personally I’m in for the big one, as I like the odds. No casino in the world would offer similar odds at 3p to 6p (maybe more) per chip.
Remember as of today, the first c£20m of our market cap, (the first 0.6p of our SP) is CERP related. CERP in its own right had a market cap of £50m 12 months ago. I therefore believe IMHO, the BPC SP is very undervalued.
New to BPC? Come and join our fun party on this BB rather than lurk. I lurked 2014-2019! It’s exciting times.
Bottom line: Lots of news flow expected, some may hit us in the middle of the day if there is a risk price sensitive news could be leaked. IMHO: CONVICTION strong buy, but always DYOR. ‘Place your bets’ as the chips are only 3p…for now.
GLA
Starchild
xxx