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Joe Conchy is the greatest fan & a 10 yr bull of BPC from the Family Islands so not privy to the latest rumours off Lyford Cay Golf course. Felt i understood this share but am now glad not to have taken the loss & traded out . Timing of news is impossible to predict and patience is still needed. Even with dilution the size of discovery anticipated could give us 20-50 x so lets sit back and enjoy the ride. I’ve fitted new shockers to the truck in case we hit a few bumps on the way.
I hope the Seadrill Q4 Fleet Status Report is informative at the end of February. If BPC are going to come good on proposed time frames then we should know from Seadrill that a contract has been signed and which vessel it will be. Stand to be corrected but I haven't seen an RNS specifically stating a contract has been signed yet.
https://seadrillpartners.com/investor-relations/reports-and-presentations/fleet-status-report/
Wasn't Jaaman Uncas's secret alter ego.....taking his clothes off and letting it all hang out on a Bahamas beachfront ;)
Bring back jaamaaan.... fishing for conch and blasted on rum...
Joe Conchy... do you still have boots in the Bahamas?
I'll go by the feedback we've been getting from the CEO and through official company channels.
Everythings moving forward to the stated goal and obviously awaiting the timeframes around the Mutual Fund.
Caveats to investing always exist, which is a given for any involvement in markets at any level, but we go by the information available, the reasoning behind the optimism discussed previously by may other informed posters here.
There are no absolute guarantees but I think it's more than reasonable (in fact highly likely) to expect a very significant Rise in the coming days.
Atb
While LTHs remain optimistic we should not assume any massive rise. All signs are that news is delayed and what ultimately gets announced can be disappointing news. Eg something is not right on the funding or rig contract. This has always been the BPC way. Say the minimum as late as possible!
They'd likely be paying a multiple of todays price for that and contingent on the factors previously discussed.
Sometimes a 'Staggered Buying' strategy is a good one, as you still keep a foot in an investment that may very well 'run away' on the price - a sudden Farm in announcement for example or the general progression we can reasonably expect over the next few weeks.
Of course, there is the flipside scenario of paying the premium for greater certainty, accepting the usual caveats of any type of investing.
As discussed in depth previously though and even acqknowledged by the bears, all stacking up very nicely indeed for the move to near term Spudding - and the multiple Re-rates on the way.
Atb
Hopefully a good multiple of the current price and we've seen how much momentum this stock can generate, from past price movements.....along with the potentially massive World class resource they're targeting.
Not long to wait now anyway & good to be holding for the various RNSs to be released.
Atb
It's good to have seen the share price take a slight pause, before its next push up leading into the various RNSs we can expect in the next few days.
A part of the OO/Placing shares also seem to have been taken out, hence a Strengthening platform for a more robust rise off the aforementioned raft of Newsflow.
Whether it reaches 11p, 17p or whatever in the coming few weeks and prior to drill results, it should certainly be a very impressive ROI from current levels and contingent on the usual caveats.
Have a good day all