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Hi Gus0,
I can contribute 250k shares ( held in an ISA ) to the cause. A family member holds 910k shares in an ISA & is interested but non-commital at the moment.
Best Regards,
Buufit
p.s. I'll sound out my American cousin as well !
I’m at 1.5M shares gus. Sign me up.
More than I want to hold tbh as I added some into my Isa a few weeks back in the hope I could sell £10k from my ordinary account but I’m not selling them for this Bid price.
Hi Gus, I want to wait and see what the next update brings, and you are right to me shareholdings are private and I dont particularly hold with disclosing them, but I will say my holding is nowhere near what I might believe to be yours, or probably Anths either.
@gus
As I said I'm very, very small fry at 56650 shares (hoping to add another £50.00 worth on pay day), so doubt my frugal amount will help much in percentage terms.
Hi Diddly, appreciated- that's actually 4 of us. I need more though, imagine a hostile offer going for Bor and they need to tease the big holders for a deal. Why should we accept any less? Strangely silent here for most tho, perhaps the disclosing is the issue? Or a fund raise , big boys are targeted first with a discounted rate- why not us slaves who have been here before almost all others? I need 5% of the company in PI rep- maybe we already have half already and some.....
Not the only deepwater DP kit around...another on standby 22 days sailing time away at 6 knots.
@ Gus
You can use my name to get a good seat! Lol
Small by your guys investing standards I'm sure but as Tesco's say every little helps
The lack of tangible progress is stunning, never before have I been in such a stock with such a wealth of resource and reserves with absolute zero bloody progress over the years. Yes we have some big ticket investors here and a new very silent CEO, but no news-absolute zilch. So when it's time to question our leaders, who's gonna go? - probably nobody.
However I will and I want to represent us here as one voice with X of %, those who join will be surprised at my % in this company and together as one voice we can be heard as a sizeable % of the company.
2 have agreed, I need several more to do this properly.
Hi, Anth72,...We have also been here since before Darwin Discovery,....over the years, I have managed to get our Gross Average s/p levels down to nearly free BOR shareholdings ( 0.04488p),...it's about time we had some positive BOR news,...we are also still holding RKH shareholdings, which are looking good, (IMO).
BW
The Valaris D-17 drillship is drilling offshore Argentina. Namibia oil finds are similar to the Falklands and offshore Argentina as the Gondwana land continent of South America and Africa were connected until they drifted apart. Will be interesting to see the well result offshore Argentina. The rig is contracted until April 2025 with Equinor.
Derivate? derivative jeeez haha!
Go rig spotting, may be something, may be nothing....
Phil all I am saying is by all means follow big money but don't slavishly follow money or indeed follow those who bang on about major shareholders.
The majors, institutions etc are way smarter and more experienced than me! Can't speak for anyone else. As for hedging there are plenty of derivate products in the secondary market, not naked shorts.
Atb NH
You seem to be asking a lot about hedging nigel, the main ways I am aware of this is with short positions and options, there dont appear to be any shorts open of any size, as for options maybe you could direct me to the relevant company offering put options in borders and southern.
I’m in.
Hi Malaysia. Well I thought it was a good idea, not sure the pair of us would make a difference (although I do have a very big holding here). I was hoping for at least several or more to act as one voice, if the holding is big enough then us pi's can make a difference. Anyone want join myself and M?
The main reason is to act as a single block, one voice which can communicate with the board and be heard.
Don't often publish positions old fruit. If you make the assumption that 'x' person is not a shareholder then you may make another assumption that the HNWI's are not hedged and will not be conserved from placing dilution.
Want a positive? There's a rig, not far away...
That is a very good idea, I am a large shareholder and am happy to disclose my position to you privately.
Negative Nigel is back. Why don’t you just be honest and admit you’re not invested here Nigel?
The first point you raise is a concern, which is why I will be looking closely at progress in the next update and keeping an eye on the cash position, but overall I would far rather have this activity from major holders than not.
I wouldn't let the presence of major shareholders blow your skirt off. For one they could be invited to participate in a placing moreover you can be certain that a HNWI sophisticated investor will most likely be hedged!
Are you hedged?
I understand why we all want to speculate about things like Obee, but I will stick to two things I know as fact, the first is his leaving has coincided with two major shareholders increasing to own near 20% of the business, and being happy to buy those shares at the current sp. The second is that I am sure these individuals know a lot more than me, it is that which keeps me here.
The change in CEO is probably down to the big shareholders wanting someone who has contacts to get finance and funding. Harry Baker is well connected. The fact Brimacombe increased his holding to over 10% followed by Mason to over 7% is a sign they approve. There is now the pressure on farmout partners to farmin, or potentially lose out to BORs own funding and finance through the new CEO's contacts.
The one thing that does bug me is why Obee left at such a critical moment. He wasn't just the geo guy but also ceo, if the geo and technical side was truly finished there's still the job of ceo and the fund raising. Did he leave because he knew he lacked in this area, or was he pushed as I suspect- asked to resign admirably. His statement that the revised development plan would make farming out much easier hasn't yet come to fruition, there's also the question as to why the revised plan wasn't marketed years ago. The one thing I do like are the new investors and increased holdings my existing ones, without this- I would be a little worried, like Ant says we must have updates. I am planning to go to the AGM this year and I can represent fellow holders with one voice, I am thinking of forming a group in which we would all disclose holdings confidentially between us to give us a bigger voice and more leverage. Thoughts?
Well I hope for some progress Anth, and one of the 50k buys today was me. ATB