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SANTIAGO666
Other fish to fry right now but will have another look at this once the dust has settled.
willec - go read the RNS's that the company publish ffs
From last Wednesday 13th "The date for anticipated commencement of drilling thus continues on schedule to be on or around 23 May 2021, whilst remaining conditional on the successful completion of the current Open Offer Fundraising process (as advised on 11 May 2021)"
Spudding of Saffron 2 on 23 May 2021, as I make it that is this Sunday coming.
Bespoke - Please elaborate. I'm happy to be corrected if I'm wrong
MacRs - you are way off in your assumptions !!!
No willec that is not what nathondo said about the Bahamas.
Spudding of S2 is still dependant on funding from OO and Placing so may not happen this or any other weekend.
Antha - You are correct High Net Worth Individuals can be invited to take part on a placing. I think the definition of an HNWI is assets in excess of £10m but stand to be corrected on that.
I think it unlikely that a person with assets in excess of £10m would be farting about on a BB for a micro pence stock. If/when starchild posts up we'll find out.
What he says is everyone on here is so suckered into the Bahamas they do not realise how big this will be with 30 wells in Saffron 2. Spudding this weekend - great times aheads and FFS forget Bahamas for now as we have much bigger drills on the agenda s/t.
What Bahamas results
Ok so BPC have had a rough few years ( as we all know ) keying all there hopes on the pot of gold in the Bahamas which lets be honest why not that's why the company was started.
But i have a question not sure if anyone know the answer:
Lets say that Saffron 2 strikes oil and the proceed to rollout another 3o wells.
The Bahamas results come in and they actually have found a Jurassic play where there are over 1b barrels and they sign up a major for a farm out.
Where could the share price then be sitting....
Just an interesting thought as I think BPC can change there fortunes and i think they deserve it, if you look how much work they put into the Bahamans and raising £140m is no small task.
I believe High Net Worth investors can take part in closed placings and pre-IPO's, when you're a big investor certain doors are open, us lowly pi's don't get a look in.
I'm sure Starchild will clarify what exactly he meant by his placing participation tomorrow evening. He wouldn't want you to be addlepated.
Hahaha I find that surprisingly witty from you fatalcharm.
I'm sure that starchaser is not an Institutional Investor and hence will not be offered placing shares. I just hope that the offer had enough takeup for the company not to make huge discounts in the placing to shift the shares.
MacRS, couple of points,
Any shares not taken up will be offered to the big boys. What makes you think Starchild can't take advantage of that?
Your name is an anagram of 'scram'. I suggest you do that.
fatalcharm - I saw him post a load of rubbish on here, I hope you didn't buy on what he said. It was all sunshine and light from him and never a mention of any potential down side.
Finally no one will be buying into the open offer now as it closed at 11:00 this morning. It would appear that you have no clue either.
Hi, Mac
You should realise that Starchild is way above ordinary posters, has been doing us all a favour for a long time and is clearly capable of buying into the open offer when the big boys get involved.
Garry G - many thanks. Like you, I am sitting on a 90% loss so I will wait and see what develops. I was just glad of the opportunity to share some thoughts.
Starchild - to quote you "I plan to participate in the placing tomorrow evening". Placing will be with Institutional Investors you idiot. Only way for Retail Investors to get in on the new shares was to take up rights in the OO, that boat sailed at 11:00 this morning.
It's comments like this that blow what little credibility you had with your copy and paste philosophical ramblings
thanks Bohemia
Santiago, your comment below is so ludicrous its embarrassing that you think that maybe the case.
That's my one post for the day.
"thinkToday 11:02
Many traders topped up on the bottom and they’re not far off to breakeven"
I would certainly not allow him to do wasting time and money drilling exploration if I was the boss. Change the existing business model into a new profitable business, which can shift up the share price dramatically and keep the shareholders happy.
Eytan looks like my grow-up son.
Many traders topped up on the bottom and they’re not far off to breakeven
I quite forgot his name since
I haven’t seen him posting for awhile