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rossannan, you don't need to state the obvious as for you working for the MMs. You just are amusing so I let you out of the cage for now. It is the subtle ones I am wary of.
I came over from CERP , was holding circa 10% there and then also took some more BPC in recent placing. I still have faith in LK & have had a zoom meeting with Simon Potter and was impressed by him
I definitely don’t want to be a swing trader. I actually like to understand the companies I invest in and take a long term approach.
I am similar to you Ros in the fact that I wanted to de risk on the run up to results however the boars seems insistent on trying to keep this down.
YES.
the RNS was meant to reassure PIs . The company is ready, more than , to see this job through and is continuing to assess the situation and adapt responses to it in the most diligent manner.
If anything I am today more confident than yesterday that the drill operation will go ahead as scheduled and dare to expect it to be completed closer to the 45 day time scale rather than 60.
MR.Spacetomato
“we have so many day and swing traders on this board who certainly benefit from the wild fluctuations of the share price mostly caused by scare mongers who feed on the feeble holders by profiting from their fears”
And you think CarsCoffee is one of those? Anything is possible, I guess, but he certainly doesn’t work for the same MM as me.
Read the RNS. Covid is an evolving situation that requires an evolving response.
Commenting on the news in the RNS of ten days ago, Simon Potter, CEO of BPC, said:
"Many shareholders have been extremely patient and have stayed the distance, as has the majority of the management team, and we are now in the position to deliver the Perseverance #1 exploration well in compliance with our long-held exploration licences in The Bahamas. Perseverance #1 is a potentially basin-opening well, with the kind of scale and associated value uplift exposure rarely offered outside of oil major
Coffee you are not really swallowing that are you ?
Thank you and apologies again. Good luck and I’m holding on..
Jdam, no worries, I brought my pillow though. :0)
I was referring to the poster you asked the question, why, not you. :0)
Let's see what the drill says I say. Lots of old timers here need to see their money back and more I say.
Good luck on our investments. So far so good.
I’m sorry Mr tomato I’ve just realised and you didn’t deserve that, I thought it was a dig at me, I’ve tried To delete it but don’t know how. Thanks for your last post and sorry again.
Jdam, I think you misread my post.
Rubbish, contract is to drill, if delayed , delayed, contract still to finish, a contract is a contract
rossannan, "100% ramp"?
Excuse me, but if I chose to invest here because I did my research on bpc and was lucky to start invest here at 2.25 and added all the way to 3.4 it is because I now I believe the drill will happen. I also know that drilling will cost and the risks are high as for any exploration well. Although we have up to 35% possible success rate now and funds to drill our 1st well. So, forgive me for my confidence in the company and in the BoD to do what it takes to get this done. That's not ramping but being positive about the potential success.
Let's be honest here, if I didn't like what it is required by the leadership of bpc I would not be invested here for sure. I would do exactly what they are doing to get the show on the road.
Let's also be frank and lay the cards on the table; we have so many day and swing traders on this board who certainly benefit from the wild fluctuations of the share price mostly caused by scare mongers who feed on the feeble holders by profiting from their fears. I guess that's the wild west trading tactics applied here and the law of the jungle of AIM stocks.
No, it is my choice to declutter such post as I am not interested in what they have to say as I can read RNS' and the papers and make my own mind. I know the risks I am taking but I love the geology of the field and I support the BoD.
It is that simple.
Protecting against CV-19 = very sensible
Announcing it now = strange timing, is Covid something new?
Cost of the measures = too high. Cannot understand why the cost for this is so high.
Pmsl space?? see you in the playground and bring your pillow, get a life and find your dummy... it was just a question, I have shares but only joined the group recently because time is closing in and the fact the chat was difficult to view for the last few weeks with out an account set up. Excuse the small amount of posts my king, I will post more to make you happy. Filtered, hilarious for asking why....
Over recent months BPC has undertaken an extensive body of work, in conjunction with Stena Drilling and a number of BPC's key contractors, to develop a Covid-19 mitigation plan. This plan is designed to minimise the chance of importing the virus on to the Stena IceMAX drill ship, and thus to ensure continuous operations whilst also providing a series of plans for outbreak containment and business continuity.
Accordingly, the Company's Covid-19 mitigation plan has defined a series of Covid-19 protocols (isolation, testing and quarantine) to be applied ahead of and throughout the drilling campaign. Moreover, given the highly fluid nature of the global Covid-19 situation, the Covid-19 plan as developed contemplates a wide range of potential Covid-19 scenarios, with a tiered range of specific mitigation measures applicable.
In recent days and weeks international measures taken to mitigate the ever-evolving Covid-19 situation have had an emerging impact on BPC's intended operations. For example, in the United Kingdom, where approximately half of the rig crew are based and where almost all of the rig crew will assemble pre-mobilisation, a national lockdown had been reimposed along with heightened tier responses. Equally, the United States, being the location from which much of the technical support and supplies for the rig will emanate, is experiencing record levels of Covid-19, and the likelihood of tighter restrictions and new lock-downs appear to be increasing. In The Bahamas a State of Emergency remains in place and there is considerable and growing uncertainty as to the uninterrupted availability of required services, for example regular scheduled flights and accommodation.
In view of this evolving situation, BPC and Stena Drilling have decided to move to implement an even more rigorous Covid-19 mitigation plan, so as to ensure creation of a series of effective Covid-19-free "bubbles" that completely isolate and test all crew, staff and vendor personnel on an enhanced basis, and thus "shields" the vessel to the maximum extent possible from the risk of Covid-19 importation / disruption.
oldabutnowisa it’s not about the money. I agree that this contingency should be taken. It is the fact that they knew this was an issue, Stena knew this was an issue however they have many times talked about the budget and yet only now have they decided that what they had posted before was incorrect and the drill will cost an extra £5 mil
Starting to feel the same can see this all falling apart, icemax is booked elsewhere for beginning of next year so if this is knocked back due to funding/covid its move back potentially late next summer.
More just under the 3p resistance
GLA LTH have a great weekend everyone come Monday we will be well on our way
Harry - seems like CPR is well down the menu today - well done for taking the pulse i'd need a lobotomy to change direction that quick!
Those who bellyache here about this as dilution are not realistic. SP is behaving entirely correctly and we should once again congratulate him. I don't want these brave workers to take unnecessary risks with Covid for the sake of a few saved bucks and anyone who thinks like that should reflect on their morality!
MR.Spacetomato
Seriously? You are filtering CarsCoffee for a few posts that aren’t 100% ramp? Have you actually checked his posting history? He is a pretty positive poster (and not just compared to me).
Sorry tomato I don’t just sit back and take what the BOD tells us without analyzing it. The fact is that a lot of the things they have promises and done have not worked out as planned. As a decent sized share holder I feel we have the right to verbalize our opinions.
It would be a disservice to other shareholders as well as potential shareholders if the actions in success and failure are not discussed.
Why are any of us on this chat board if that is not the case?