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oh Irene.............!
you a constant stain on this BB, but we (i) don't want you banned...........!
All the best (somewhat part of the, non invested, decor :)
Thankyou Irene for admitting you are talking utter rubbish.
How can we get IreneKrapp banned she is such an obvious T**T it is sad.
Flip ya Irene.............. :()
turn over............!
All the best (show me that massive star.............. ! :()
Just for fun................!
it is a pity that there's not a x5 star character on offer, and you had use the "+" in your bottom text Starchild............!
All the best (the * just isn't big enough for Irene............ :()
Irene, warrior princess of the Haddocks, you appear to have an unusual fetish for starfish, and more recently starfish bot+oms. Everyone to their own tastes, however it may be prudent getting psychological clinical advice as I’m not sure of its legality under the laws of England and Wales. The condition does not appear to be listed anywhere. The closest I can find is https://www.crystalrivergems.com/gemstone-fetish-starfish-necklace-25mm/ As there is no scholarly article on the subject matter, I take credit for inventing a new word to describe it using the Latin root for starfish, and also include a draft medical symptoms’ classification…..
Dear BMA, I propose you add……..‘ Asterozoa-philia: a very rare tripartite condition discovered in 2020 on a UK forum, of someone that has a fetish for starfish (especially their bot+oms) and the de-ramping of oil exploration companies while simultaneously being extremely irritating’.
Starchild (AKA Starfish)
xxx
PS...stop twisting my words out of context of the overall meaning
Just ignore IreneKrapp
Irene. STOP this and STOP doubting my integrity by twisting what I wrote. I've been trying to be helpful.
Fact 1: Leo's interview made clear the merger would allow for CERP shareholders to make a decision to sell or keep BPC shares after the merger. He didn't qualify this by stating.........' and of course, the price we used was total BS. It will likely be around 1.8p'
Fact 2: a merger price as reflected in the SP, when unanimously agreed by two BoDs who believe a merger is a great idea, do so with the belief the share price will increase.
I don't mind our little 'fun' skirmishes, but I object to being accused of dishonest posting
Starchild
Starchild......"However, independent experts predicted a much higher pre-spud price which was 8p before they knew of the merger and the share dilution with CERP"
not really dilution, as is a merger (takeover), so with the extra shares that BPC will have, comes CERP assets, current MCAP £16m, although the assets will be worth a lot more in the future.............. :)
All the best (accretive dilution.......... ! ;()
Irene, the assumption of the BoDs was that the SP would be around the CERP (c2.6p) and BPC valuation (c3.3p) pre-merger, otherwise they would not have valued the companies as such, with the help of their advisors, in the prospectus. However, independent experts predicted a much higher pre-spud price which was 8p before they knew of the merger and the share dilution with CERP. We await further expert opinions on pre-spud price taking into account CERP assets. Please refer to proactive presentations in my previous posts.
Kindly explain why you think the merger is a bad thing. I do not think you ever have.
Starchild
This opportunity is not dissimilar to TXP or SOU from a risk reward stand point. In June 2016 SOU was 17p. By Sept 2016 it was over 90p. TXP 7 months ago was 13p. It is now 56p. I sold SOU on the rise at 77p and still hold TXP. I bought pre the rises on the back of the potential drills they were about to undertake. The CERP/BPC business has a similar opportunity with the drill in q4 to be transformational. That is why I am predicting 8-10p in the run up to the drill. Thereafter it obviously depends on the outcome but in summary there is scope for the CERP/BPC merged business to multiply after the merger in the run up to the q4 drill. Dyor. Good luck, Brighty
PTMS, You are technically right (as at pre-market opening price today) but not right in the overall picture. The value of each CERP share will be 80.3% of a BPC one. Today both SPs are artificially low. It is assumed by both BoDs and there advisors (and many on this BB) the BPC price will (a) substantially increase after both votes end of July and (b) very much increase as BPC heads to a spud date. Existing CERP holders will benefit from this and can sell at anytime during this period.
Starchild
Interesting that our merger valued
CERP at 25M Mcap when deal announced
From yesterday’s close we are at 16M but BPC have also gone down so how does CERP get the extra 9M.
What is our true value. Remember “we have found what we were looking for”. WHAT was it LK
IMHO things just does not add up here.
Why is our board so quiet. Do they not think we might be interested in what they have to say about current operations.