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70m+ trading day is on the cards.
Strong Buying into close and on dips in the interim, as others have mentioned - especially so when various RNSs are expected at any time, including possibly / probably the Farm in one.
There's an oft quoted saying about 'being out' at certain key times of a Company's progression - make up your own minds on such.
Atb
Nothing goes up in a straight line... :-)
Nothing wrong with a price pullback. Quite healthy infact.
FARM IN at any time within the next 9 working days as many of us anticipate, so could even have that released tomorrow - and indeed the alternative finance arranged, as communicated to the Market.
Buying on the dips shoukd push the price progressively Higher and beyond any singular market session.
Let the Uptrend take its course and as we await the more significant Re-rates.
Thanks IK. That explains it
ATB
Shami
I have spoken first hand to one of my platform’s trading desks.
“Systems have crashed and many trades are being processed manually resulting in earlier trades being posted far later than execution time.”
I.E. some of the larger deals were done hours ago when the price was moving up through 5p.
Great care on data posted is required.
This may help the MMS create nervous conditions for a tree shake particularly for day trading.
GL
IK
XX
Performing perfectly at present.
Just the 10% ers taking their profit
Here comes the MMs trying to hit those stop losses.
Hope no one has any!
Agreed with your 12:54 post IK!
Just reading back a few & the major Re-rate on its way, imo too.
Atb
At least now, we can call the shots, we don't have to accept low ball offers, a farm in will be great, especially for drilling the next sites, the area is huge with multiple options available.
comments as per...
'We continue to consider several farm-in options.'
'if we were to 'go it alone'.
'if we were to choose to drill with a partner.'
That's three times in one paragraph.
That's not a ramp... that's from the horses mouth... (keyboard).
I think its probably based upon the presentation last week, the interview with Eytan last Friday and the recent RNS with comments from Simon.
Yeah trufflefinder BUT im thinking and hoping for a fair farm in of maybe 60/40 in our favour and when i muted it before i was politely laughed at ! because if we are not offered in that region i can see them going alone with 100% Also possibility that this news has not been kept under wraps very well and may be the reason for the last two trading days :) lets hope so but tbh farm in or solo all good with me.
You only have to read this again... and again to actually see we are as close as we have ever been.
https://www.bpcplc.com/wp-content/uploads/2020/02/BPC-Proactive-Presentation-website-20-February-2020-FINAL.pdf
Still looking for the recording of the presentation. Should be any time now.
Don't forget, many were expecting a hard farm in deal of 80-20 possibly even 90-10 and still would have been happy, instead they have kept 100% amazing.
Folks make no mistake here:-
Past history is irrelevant to this share now.
It is due a significant rerate.
Never before has so much tangible structure to a drill been in place.
One can argue that the last times we saw significant movement on the SP there were a lot less shares in issue.
IMO Irrelevant!
The fact is we are going to drill and even a “small” strike e.g.200mio BOO is worth 30 p.
The upside is one of the largest potential of any drill ever in oil history.
Forget the micro look at the macro.
I’m already revising my a.m. SP target of 6p and believe we may see 10p WITHOUT RNSs.
GL
AIMHO
IK
XXX