The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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I don't recall seeing this posted... It's a (two week old) presentation on the proposed merger from Simon Potter and Eytan Uliel. Sorry if I missed it in an earlier post.
https://youtu.be/wS00wb5_47U
Truly grateful, Gadbury. I was going to vote my holding against the merger. Now I have heard this, I will go along with the merger and trust BPC to deliver. All the best, Olda
After listening to the presentation I am still not convinced that the merger is a positive move. Regarding the production from the CERP wells I notice there was no mention of daily volume.
I can't understand why anyone is worried that has invested in BPC. There are two scenarios, the first one is you will probably lose all your money on a very risky bet in an oil company that has yet to strike oil or the second scenario is you will make money maybe 4 or 5 times your original investment. This share is a very very high risk share. Everyone who has invested in it who has at least one brain cell knows that including me but its fun whilst it lasts. Enjoy the ride and don't lose your sole if you lose your shirt.
Garry thats only applicable if you've bought in over 2p if your sitting with an average under 2p very little risk. Its always been a penny share
Thanks for posting the youtube link Gadbury, it was useful and has put my mind at rest.
My main concern was about how the CERP operations would be paid for, so it was interesting to hear that they're funded by the oil they produce.
It also makes sense to put the assets of both companies together to make BPC more attractive to farm in partners - IMO I wouldn't be surprised if there are already interested parties who were reluctant to farm in based on P1 alone, and this merger will give them the confidence to commit knowing our eggs aren't all on one basket
Gary,
I think everyone's worry is that we don't get to the point where we haves enough the chance of a 5 bagger.
The merger and aqusition of new acreage is either a shrude play or that of desperation as the Bahamas opps are about to go up in smoke.
The share price ticking down indicates to me that many are sceptical and want a funding update for p1 in the bahamas.
If I was in the Bahamian gov and needed the revenue desperately, would I trust BPC to deliver? (I think we all know the answer to that)
IMO
"The share price ticking down indicates to me that many are sceptical and want a funding update for p1 in the bahamas.
If I was in the Bahamian gov and needed the revenue desperately, would I trust BPC to deliver? (I think we all know the answer to that)"
So Pump and Trump when you post messages like the one above I really do think you are talking out of your aris. If BPC get run off because they are not going fast enough, who do you think is round the corner who will work faster. Remember that nasty little thing CV19. Or is your nonsense just to wind people up?