London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lots of posts
Lots of excitement
I have a gut feeling this will 10 bag this year as positive news on Nigeria and Atomic lands
Good luck. Great week ahead.
My holding 15m
Sol633 - If you are incapable of seeing the difference between a company that has already secured a working interest in an existing producer that on that interest alone justifies the current market capitalisation and share price and BPC then you’re an idiot and filtered, as you have zero credibility.
Btw.... I was part of the thread!
We should all be worried your invested.... if bad luck had a name it would be Sol633
Yep cheers for the due dilligence apology, RTFQ as the say, or in this case RTFT ;-)
Night night
Thanks Sol, clearly i touched a nerve.... you did say bpc was a dead cert, thanks for clarifying that for us all..... now off to bed
Sparkz
If this is what you mean, like I said read the thread, what it means if you read it, was that there is nothing that is a Cert, except death unfortunately.
Quote on tbe back of CawCaw post
RE: Just bought in03 Mar 2021 06:25
Just look at BPC over the past 10Yrs, a dead Cert with billions of barrels of oil anticipated, Zilch to show after the drill, very dissapointed but it's still alive, just.
CawCaw is right, only the drill bit will tell you if oil or not.
Sparkz, if I'm wrong post it, or direct me too the post date and I will go back and review., I was in BPC previously for nearly 10 Yrs, so just take me to the date and place buddy.
Cheers, now off 2 sleep.
As I have said before, the 15% of atomic makes this a buy ALONE at these prices.
The worst case scenario is that the assets remain valued at approximately market cap, and grow daily for the next two years. That’s if the sky falls and the deal completely founders, chances are your money would be recoverable because we are already at an “asset value only” share price floor.
That’s why this is one of the most amazing opportunities available right now IMO
DYOR etc
Sol... your wrong but by all means carry on trying to spin it
Oh no, what have I got myself into... here I was thinking it was all risk free
Good night and good morning all, and fingers crossed for good news this coming week.
Well if it all goes south then we have 15% of Atomic no matter what but very, very unlikely as I understand Art has used top notch lawyers and it is watertight.
Besides, the 73 year old boy wants out - according to reports.
You may be reading were I have quoted people saying it was a cert Sparkz and piling in encouraging others were it was not a cert as proven now, and then a lot of people lost money.
You have to have a balance, everyone saying it's a fine deal, and a done deal, only the RNS will tell u that.
It wouldn't be the first time a dead cert has gone tits up.Best not count your chickens n all that
I’m sure anyone who looks back will see what I’m talking about Sol
That's true. Its crossed my mind that it could go tits up. But I've got a feeling this is going to come good. I'm not convinced it'll just jump to 1.5 or 2p on the deal is done rns though. Guess we'll find out soon enough.
Cheers Stew, was actually Desire Pet, and what I mean is, even when a company puts out an RNS which is boom, sometimes it goes bang.
Anyway In the past, hope all goes well.
Have you read the whole thread Sparkz, please direct me to review, cheers.
That was rrl and rmp. But the oil is there in this case
Thank you CawCaw and Charlie, that's all I asked if factored in.
Cheers for the additional and good luck.
Yes meant for you bud..... not mistaken
The additional shares Sol aren’t a secret are they ?
The $4m or £2.7m was built into the finance deal.
What should be taken from the deal is that it allowed Atomic to go ahead.
Furthermore, the NPV was $185m in October with WTI at $35per barrel.
Given we are now at $66.09 that puts the NPV at $349 or £252m (today’s exchange) with current MC £33m. So I ask you what those shares are in comparison to a NPV that has almost increased 100% if it raises another $3.91 per barrel.
My next point would be that the finance desk seen the shares issued at the back end of the deal rather than front end.
Had it been the front end we could have been looking at 2-3 billion. That isn’t the case, this should rise in anticipation a d positivity of deal completing in a weeks time. The increased SP could then see those shares issued at 800m or less peanuts in the big scale of things wouldn’t you agree?
Problem is some cannt see the wood for the trees !
The deal and dilution are one in the same: if the deal happens, 800MM-1B shares (approximately) get issued on a float of around 11B shares including options and warrants.
Not a lot of dilution, especially because said dilution only happens simultaneous to the company’s “assets minus debt” jumping around 5 FOLD.
That jump in value does not include sentiment, or any other positives announced at the same time. (Many of which are known to be be in the works.). Just assets going up 6-10 FOLD (tbd based on how the accountants are allowed to value them now, and hedges) and a small amount of debt coming on.
I have no prediction, other than the size of the dilution. For the dilution to be significantly larger than 1B shares aka 8%, the share would need to trade at a discount of maybe HALF (VWAP ) during the next 4 trading sessions. Not likely IMO.
Best of luck.
Think you need to check that again Sparkz buddy, if meant for me.