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I am sure the hoteliers in the Bahamas are pleased to be having crew staying at their hotels for the 10-12 weeks. It's a welcome contribution.
S Potter: " And now for my next trick ". " First you see it, now you don't ". I've only been invested since July and I am physically worn out from following this share. It appears to be one blind corner after the next. I am beginning to think the word petroleum in Bahamas Petroleum Company is a euphemism for DILUTION.
Bahamas Dilution Company PLC. Share ticker should be BDC instead of BPC.
Mixed views on this.
Yes, it is a financial shame for investors that the costs have been significantly raised to protect against the spread of Covid.
Could it be over financially over exaggerated? possibly. On the flip side if the extra precautions were not put in place and in turn we had an outbreak which caused delays and financial losses would we all be wishing the we had dealt with it in advance.
We are all here to hopefully make some money and it's very easy for people to sit back and tell the world how it should be done when in reality not everything is straight forward. I think maybe we need to stop for a moment and think whether we will still make any money and in turn protect the people who are making this drill happen from becoming seriously ill from a deadly disease.
Best of luck everyone :)
They have access to £15m CLN, (600m shares x 2.5p).
They will receive £3m after spud.
They will receive £5m mid January.
They will have access to £7m at the conclusion of drilling operations.
Cunard....i'd agree with your disagreement if it was a passenger ship, but it's not so i have to disagree....
I'm on a rig as we speak and social distancing is in full effect even though we all tested negative the night before flying out....
The BOD need to start actually delivering what the say. The CPR report due mid November has now turned to “Soon”. I think we all know what soon means from this board.
The other thing that worries me on the miscommunication side is that we were supposedly ready to drill back in March and only 4 weeks away. No way financially or logistically was that drill ready back then.
They need to start communicating the truth and give us targets for information and performance that they can actually achieve. I know this type of thing is common in AIM shares as they are always having to raise money but at this point BPC need to be taken seriously and fir that to happen they need to put out accurate information.
My rant is done, I am invested and still see huge potential here and good luck to all.
good day for the rats to come out eh...
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what nonsense on here now!.
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think im gonna leave ross harry and irene and your new friends here, cant read the constant krap
guys...thanks for trashing a decent board im out..
see you in the bahamas lol....maybe
Pluto , I'm beginning to belive that bpc just tell porkies and get away with it.
Now for your post by my calcs
0.025p x 590m equals £14,750,000 so where do they get £10,250,000 from !!!
Maybe it should be £10.25m divided by 590m, giving shares at 0.0173p, jeez don't know what to believe anymore.
This bod are confusing everyone with baseless words of fiction hoping nobody will give a hoot.
Is the nomad even reading the rns's or are they complacent and don't give a ra.s ar..e
Looking for the exit now.
Just had a look overboard, no lifeboats to be seen, typical.
DBC doesnt know what he's talking about. In the bin.
This is a good thing.
Look at it the other way.
Diligence! Hats off!
They are increasing Contingency funds and spending Estimates. They May or May not spend additional 15% .
If they need it and when they need it it is Available. They don't have to go shop around or beg.
And last but not it is all for a good cause. To secure a Covid -SAFE and Covid-uninterrupted drilling process .
Taking much more stringent measures than any of the countries involved , actually requires.
Last thing we want is STENA crew in quarantine on board in the middle of the ocean.
CarsCoffee
“the potential upside at spud and on success has been diluted in my view”
It has also become even clearer that by the time P1 spuds the local rampers will have been thoroughly discredited. Folk need to be a lot warier of posters who tell them what they want to hear. I guess there are some folk who just want an echo chamber where they can bounce rosy scenarios around with like-minded individuals, but that is usually a recipe for losing money.
DBC, I have to disagree strongly, I spent 15 years at sea, social distancing is not possible onboard, one only has to look at passenger ships and how it spread around those. My opinion of course
Irene you're actually hilarious.....your posts are a great antidote....
Chartering planes and spending 7 days in a hotel is ludicrous......a test the night before or even on mobilisation day itself, with results within the hour would suffice....you can actually socially distance onboard quite easily too believe it or not....this company just likes spending money before it's made any.....{eyes rolling}
Totally agree...seems whenever we are making headway the BOD shat themselves and throw something else out and surpress it again. It's so frustrating. This will end sub 3p again today... seems to be what that want. Kind of wish I was out at the 3.5p I could of got last week now
What do you mean please David?
Maybe he meant by on the rumour when hits the floor again at 2.50p
I'm breaking the cardinal rule and talking about another share....cos there's nothing to see here for two weeks...
It is very reassuring that the covid-19 situation has been finalised with regard to the crew safety, suppliers and the supplies.All that has had to be done to the finest detail and that what has taken time that would have been devoted towards CPR for T&T assets.I think that here on this bb there are so many small minded people that it is beyond them to comprehend how time consuming this whole operation has been.This RNS has reassured me hugely as the transmission of this horrid virus was bothering me for a while now.I congratulate the Management of both,BPS& STENA on their approach to such an important issue.Stach
What do you mean please David?
yes a rumour....Deal will be announced Monday morning 0700 RNS
Sorry lots of typos, should have read it back
I appreciate people want updating more and more as the excitement builds in the hope that lots of RNS releases are going to light the fuse of the sp but I believe an RNS will only be released when the BoD are obligated to, which is generally only on financial news or perhaps major reports. Yes I agree they are a bit behind with the CPR, but so what. Let them get it right, understand it, act, then release it. It would also not make a blind bit of difference if one was released saying IM is en-route. We already know that and there are free ship tracking services.
If the BoD were releasing an RNS left right and centre all over the place for every single sneeze I would actually think less of them and it would portray them as amateur in the eyes of II's.
When no news is forthcoming when you expected it to be, and your frustration levels increase as a result, it gives off an unnecessary negative vibe, which will unwittingly only impact the sp negatively, further impacting frustration levels. It is crazy that this BB has so many posts each day and I can't help but think the price could be higher if we all took a week off from it!
I am heavily invested and I was not impressed with that RNS at all. Just talked about I rested costs due to Covid as well as breaking down costs as Stena don’t have another job to go to.
Then a lot of but’s and maybes on the funding along Eleuthera a nice send off saying that we can’t cover operating costs for the next 12 months once the drill costs are taken into account.
I understand this information was needed however I would have liked a little positive news. I still think we are in a good position and the current price is cheap but the potential upside at spud and on success has been diluted in my view.
omg it is a tiny bit of extra costing whoosh they will have had in the background, they secured the drill for a massive discount any way so really a couple more million in funding is pennies in the bigger picture. Jesus christ this chat biard is horrendous. why dont you all sell your shares and shave you shorted this one and are getting nervous as it is coving all aspects that could have stopped the drill!!! THIS IS HAPPENING. This will at least 2-3 x on spud. The shorters have just had one of their reasons for this going wrong been taken away. GLA