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Dont think i actually called you a liar - 'Sorry but you only know as much as everyone does and that is nothing, the company haven't released anything, so to publicly say you are selling just seems you either want the price lower or actually not invested' !!
Special one, I find myself in the invidious position of having to correct you!
As someone who is apparently financially literate you keep mentioning a "rights issue", surely you don't mean that?
The chances of BPC calling a rights issue is very small IMHO. A private placing however, is distinctly possible. I suspect that Eytan already has some II's lined up just in case we need them. I am sure that you are aware of the difference, so as the fountain of all knowledge can you get the terminology correct please.
Good luck with your strategy, let's hope that we all do well out of this in the end.
Specialist for the record I was not directing the all in vs all out at you or for that matter anyone else. It was me offering my view on my position.
If you have taken it upon yourself to assume it was directed towards you then you have done so in error.
you have proven yourself to hold a reasonable level of knowledge but you are also prone to errors. These increase in frequency within your posts as the emotion increases.
My childhood messiah from religious teachings was not so prone to errors.
Today my beliefs are not those prescribed to me through parental doctrine but are considered and balanced.
I do not consider you to hold such high office.
On this BB there are a good mix of people and pocket depths. For some BPC is a chance of a dream. If it fails they will have regrets, they will have lost cash they could have used for better things. However there is a non-tangible value in the dream itself.
There are those who invest with a target to achieve, I have often found these people to find satisfaction and contentment as difficult to catch and hold on to as a passing cloud. They often know the cost of everything and the value of nothing.
There are also those who invest simply because they can. Sure making money is great, there is a buzz from it. If BPC goes to £1 a share it will increase their wealth but will not change their life. Equally if it falls to zero it will dent the pot a little but will do little to change what they have for sunday lunch.
I suspect you sit in the second group, if so I wish you well and hope that one day you find something that means more to you than being on the winning side or making money or putting down those you feel do not have your standing.
Specialist you seem to be very clear in what you think people are, 250 posts in 30 days or so giving it the big i am every other post , no one wants to read that **** - my opinion is you suffer from little man syndrome and writing on a board all day long is your relief - hey ho whatever floats your boat ********.
Almost as good as Amarone however in your neck of the woods I love Muga!
semantics.
P_I: .......how you weight probability of outcomes is down to you.
personally I would sooner be all in than all out this close to the end game.
but it is just my opinion.
there was no point of reference to any individual person being 'all in' or 'all out'
You have been clear that you are selling, you have shared your reasoning and your play. Looking to shed 50% with a view to buyback at a later point - subject to changes in the facts at the time.
I respect your view, your opinion, your reasoning and your willingness to share how you are playing the market. For that alone I give kudos.
the Montalcino I have not had since we were in Tuscany and the kids were young. Early 2000's.
From memory I was a good drop.
Specialist....are you ok?
you should try kicking back a bit more, your posts indicate a higher than normal level of stress.
elevated stress is proven to be detrimental to good health.
me, I am stress free, sat by the pool contemplating a very important life changing decision.
Malbec or Rioja?
What happened to your big speech at the end of Aug - This stock is now only going one way in my view. Straight to 5p in September in anticipation of the AGM and then to 10p when full funding for the drill is announced. Happy days for all long term investors. Obviously you know jack ****.
player 1 is sat on 9, J, Q, K all hearts
player 2 is sat on 10, J, Q, K all clubs.
1 card to turn.
I would take player 2's handover player 1's hand every time.
It is the same with BPC, having a farm in is a preferred outcome (for those that want to see us drill) having a fall back option to self fund is not as attractive but it gives 2 possible routes to a drill.
I do not agree nor disagree with the view of sell now and buy back on placing as the correct strategy. The logic holds true that in the instance where we go to a placing doing so will bring higher rewards for those that sell and buy back.
However, it relies on placing and the buying back the volumes at the right price.
Regardless of the odds there are 2 options for BPC, stand alone or farm in. Even if the market SP suggests farm in is unlikely there is nothing to stop an 11th hour deal landing and driving a coach and horses through an otherwise sound strategy.
how you weight probability of outcomes is down to you.
personally I would sooner be all in than all out this close to the end game.
but it is just my opinion.