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No I only put it in about 16.00 but thought I would get it. Obv never did.
The placement shares were difficult to get. Most institutional investors didn't get the shares they wanted. They were all scaled back and they are now buying on the open market. Look at those large after hours buys @ around 2.22p. Happy days.
@Harryoffdock got a bad feeling we could be...be sub 2p by close of play tomorrow...personally think we will see 2p for the weekend. Disappointing no matter what the pipe dreamers say about 10p, 40p and a £1 come 2021...
I have it on good authority that the two trades, both at 17:16, were 6,732,306 and 12,051,808, both at 2.22p
Could that have been the completition already - if so North and blue day tomorrow
What do we make of the 20mill sell @2.0?
Interested at the two buys at 17:06hrs - massive and above the full ask could be a lovely rise tomorrow back to 3p maybe before the weekend.
Qnard
In my simple humble opinion, any good news will be taken gladly, even more so if its coming from non P1 business.
I could be wrong
Harry, whist I don't wish to pick a fight with you, I had a sizable holding in Cerp and believed that it was far from a lame duck. Look at the last drilling results. If I were a betting man I would put a decent chunk on us hearing more news very soon about the rather sweet deposit we found just before our merger. I'll be lambasted by the usual lot no doubt...
Did you have a limit order in at that price at the off? I ask because it was probably about 10 mins into the day when I picked up a sizable chunk at 2.1p, and got offered the same again when I thought about doubling it. I use HL and have never known limit orders at the start of the day to work that well.
Harry
I read your earlier posts today and you seemed in favor of placing, but now not so much.
Or am I reading incorrectly
I had a buy in for 0.021 but never got it. That might hurt tmoro if this goes up 20%. Ah well if it drops a bit more I'll have a cheeky top up. Not like I'll be spending it in the pub for the next few months is it.
Harry, as we know, it was the Director's get out of jail, keep us in the good life, card should bpc be a Des.
Dubed
Why another placing?
At almost 4 billion now.and this is without the BOD options
They were looking for better finance options lol so us share holders have now been bent over
Lol! With the shares in issue this may touch 4p and is going no where unless we stirke,
Just wait for spudding at which stage we will be c8-10p. Double figures by end of 2020.
I'm going to hold up my hands and confess that I feel quite dumb and done over. I've never been a wizard investor/trader, but I've been around long enough to have known they'd pull off a stunt like this at this stage. Clearly others could see this coming - and I certainly don't mean the 3-4 trolls and derampers that we've had to endure over the last few days, but rather the likes of OMJ and Trek.
Regardless of the expense of alternative forms of finance, had these been seen through at a time when the SP had been allowed to climb, I think the effect on the SP and confidence would have been less.
But clearly, they were concerned about being able to meet the conditions.
Similarly, I was expecting a further placing nearer spud to finance further drilling/work but had planned to cover off some of my costs ahead of that. For sure that will be coming down the pipeline.
We've now got 9 weeks or so to get rid of the overhang, plus a likely further placing, before PIs decide to dump or risk their savings on a drill - and naturally most will want to cash in. On past form around previous placings, public and bucketshop, it's going to take most of that time.
Every chance, then, that we'll be going into the closing stretch struggling to get past 3p. Well, that's how it feels to me right now, but as events have shown wtfdik.
A year ago many SPs would have been happy with a JV where the percentage to BPC and therefor PIs was low, but at least we'd get some profit. Now I think we are in a better position. Of course it's not a straight upwards curve without dips, but even with 4B shares there is profit to be made. LTHs that haven't averaged down probably feel aggrieved, but as a relative novice in AIM, I am learning that Unicorns are indeed rare
Scsiborg, I've been saying for months we will be at, or around, 4bn shares in issue by the time of spud. I'd say that is pretty accurate at the moment.
I call BS. Nobody knew we would be in this position before "drill"
Let's not be surprised by this it was obvious this was coming. I and i think many others here knew we would be 4bn share business by the time we drill and we will not be far out. The intent from the company was always to go with drilling this on our own and then see what happens. We now i believe have greater control over these assets when it comes. I think this puts us potentially in an even stronger position. If we hit we are in the gravy (oil) if we do not hit we still have a company with assets in Trindidad producing something that should in time cover overheads and then refind ways of looking into Percy2 but i hope company have an eye on that already. Not to mention a license in Venezuela.
I strongly believe good times ahead