Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hopefully some of them will be longer term holders.....not the short term trading herd.
Anyone who holds until the drill in Dec, should see an impressive ROI, imo.
“The fun will start when the herd arrives lol”
I think much of the herd already have a foot in the door here. From today’s rns...
Hargreaves 13.88%
Interactive 14.88%
Halifax. 8.36%
Barclays wealth 6.11%
IG markets 4.91%
Equinity 3.97%
So all top holdings are PI trading platforms. To get more of a herd will be insti’s, unlikely without big partner imo or more PI’s to add/buy. That will probably happen with hot money as we get closer.
Imo It’ll take a strike to attract serious institutional money here or a major committed to a multi drill campaign depending on results.
Gonna get very interesting.
Trek
for a Novice like me, farm-in doesn’t mean any numbers in my head.
So lets set 5he scene, it’s august 1st. The SP is 10p
What would a farm in look like to me as a share holder? What is a reasonable estimation to how it would effect my position.?
i think. its time for the global markets to roll over for a pullback so will be interesting to see what happens to BPc over the next 10 days or so
The fun will start when the herd arrives lol
At the moment up is the trend !!
I agree. I think they played hard ball, a bit too hard and BPC decided it was better value for shareholders to go it alone. However, the fact that drilling is now going ahead might be what finally makes farm in partners make a sensible offer and avoid missing out.
Would be good if you were right though Phoebus but at least we know we're covered for the Dec drill.
Whatever happens to the price in the meantime, whether the current crop of 'new names' posting stay or 'disappear' again - we're drilling!
Atb
Interesting point , but at this stage and accepting the the level planning involved and with no mention of any 2nd drill in relation to forthcoming operations.......any Farm in would I suspect be targeting future operations post this initial drill.
I think the potential Farm in partners played hard ball, which Etyan & co intimate was the case, the Management shifted the focus to the current alt Finance arrangements (as indicated in today's RNS)........and now discussions with potential partners will be for expanded field development contingent on drill results etc.
Brynjon........ ‘ Well worded documents and tidy hair shows (to me anyway) things are settling down.’....... holy crap- I haven’t written a document in 9 weeks and my hair looks like I’ve been stuffing my fingers into electric plug sockets!
A farm out could mean the drilling of two wells. Drills going ahead now so someone might just decide to get in. Seen plenty of drills where someone has farmed in late in the day and this is certainly one of the biggest wells of the year so plenty may be tempted.
Although we would have all preferred FARM IN, we can likely rule that out now at this juncture.
"This development (license extension) saw the removal of the key impediment facing the project at the time, and provided us with a clear mandate to deliver on our core focus at the Company: the drilling of Perseverance #1. In response, the Board implemented a strategic shift away from reliance on finding an attractive farm-in partner, to ensuring we are able to deliver on this objective in the required timeframe"
We have the various funding packages in place, to take us to drilling and that's the pertinent issue for me - that we're actually able to drill.
We may have the discounted new shares hitting the market around the 4th of June but they'll likely only be a temporary setback, when viewed in perspective of the longer term hold to drilling after Dec 15th 2020.
The main thing is that we drill and that's worth waiting 7 months for, regardless of any claims of Ramping/deramping in the interim.
Burns legacy won't go up in flames ;)
Morning all - seems like some folk have been at the blue smarties over the past few days. Great to see some positivity flying around - whilst it may seem a little early for ramping we long-termers are seeing something new in the RNS and videos. For me that is the calmness of things. Well worded documents and tidy hair shows (to me anyway) things are settling down.
There has not been any argy bargy on the board which is a blessing, some great posts and guesstimates which appear to be well researched make the board a pleasant place to waste an hour or so.
I do like to see my holding showing blue for a change and better that it is in double figures too - I look forward to that being 3 and 4 figures in the not too distant future.
That fantasy portfolio (which I have not been updating with new mentions) shows as follows:-
Total Value:
£35,865.00
Total Cost:
£39,137.73
Total Profit:
£-3,272.73
Please be advised that research should be done before taking a tip from here or any other board/tipster sheet.
Only 11 of the 39 tips given on here are in profit and we are still showing a deficit. Those 11 shares have pulled in £12,888 of profit between them - each of the 39 tips had a fantasy £1,000 worth - so even after all that profit there is still a deficit.
P _I (cud be bothered with “dash) we’ve got to have a few bevies one day!
Great post and B4 anyone says it I will at last STFU for the day.
GL ALL YOU LOVELY FOLKS AND TAKE CARE!
IK
XX.
I also started with nothing. I have most of it left. Some I lost along the way.
But I like to think of the losses as paid for learnings.
I am living proof that sometimes you only need to get lucky once to change your world.
I did not earn vast wealth through the employment of others, I did not build a business for myself. I worked hard, saved what I could, invested when I could and got lucky on a couple of occasions.
I am not saying that BPC will change the world. All investors are different, but BPC at least has the potential to change the world for some people.
Where will the SP be 6 months from now, 2 years from now, 5 years from now?
No idea.
However, it has a genuine possibility of being 10's of times where it is today.
a few k here could be 10 years off a mortgage term.
10k here could be retirement earlier than planned.
Flip side, we could drill, find nothing of interest and lose it all.
So only put in what you can afford to lose.
As an earlier poster pointed out whoever dropped in for 2m shares today could get out on friday with the SP up just 1p and have the cash back out and a brand new car, a VW Golf for example. Can it rise 1p in a week? if history is anything to go by it can.
best of luck to all, if the 2m trader is a poster it doesn't have to be a golf.
Lint - luv ya mate.
Thanks for the reply.
XX
December is a good month Loz. March wasn't a bad month for our parents either!!
Take care buddy, we need all the ramping hyperbolic investors we can get along with an oil price above $50 per barrel and we might get this bubbling up. Deary me we might even have a couple of majors farming in too!!
Potter likes his sound bites, he once said that to potential on offer might create some "deal tension" so if he can rampit up so can the posters on here.
Get cracked on lads, you know you can do better....
Hi IK,
I am only joking.. its good to see the valuations and positive news coming back.
I think conditions maybe ripe for a farm in now here for BPC.
I will post more later today... I owe Yonny a response on the Qatar / Ritz post! :-)
Lallee -Why not, you deserve it, as you been with BPC for many years.
My birthday is on 19th Dec, so i will happily take that :-)
Greenmole “ get out if you want but this is a multi billion $ company in the making”
Who said I was selling? I said £200m but being objective. Here 8p close! Happy now?
Trek
Lint - I’m responding to you as I respect your views.
If anyone thinks I’m “Ramping” -me being paranoid- ! Then you are totally wrong!
I have been in this game for 40 + years and know when something is right!
Ran a $5 bill portfolio.
You accept my advice or not at your profit or loss.
But I’m well rich having started with nothing.
Your choice guys!
GL
IK
XX
Can you fellas ramp this up to 12p for me please. Preferably before Christmas (this year) even on December the 15th would be good as that's my birthday and that date is on Stenas reminder list too.
All assistance is greatly appreciated. Cheers and take care.
3.35p is also the rally high, slightly higher than Friday's 3.325p. If that goes 3.5p is very close indeed so I don't expect it will offer much resistance.
rather than having money sitting a bank account attracting NO interest, BPC for the next 6 months is going to tick up , that investment is possibly going to double or more, its easy to work out ,for every 1p increase in value potential profit = £20,000, by the end of this week ,you've paid for your new car
Yep. I saw 2 buys of 2M at 3.35p day high at 09:24 and 09:37. Good stuff.
sorry thats 2,000,000