Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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I can't understand why anyone is worried that has invested in BPC. There are two scenarios, the first one is you will probably lose all your money on a very risky bet in an oil company that has yet to strike oil or the second scenario is you will make money maybe 4 or 5 times your original investment. This share is a very very high risk share. Everyone who has invested in it who has at least one brain cell knows that including me but its fun whilst it lasts. Enjoy the ride and don't lose your sole if you lose your shirt."
All the best (your size 15 sole is safe, your soul however...........? ;()
Chesh - you're right mate - when Ross performs the 180 he'll be quoting his Incompetent Persons Report 24/7 on here - It's a good job 12bn's taken a holiday so I can recharge my batteries! Garry Graham's just had an epiphany now that rossannan has shared his communications triumph on here but that wasn't what Ross wanted at all - cue warnings from history! TXP board were not sorry to see him go at around 18p - over €1 now !
lol.............!
just read it........... :)
All the best (Genuinely Interested in your opinion..............:)
Yet more ******** in this scenario ?
Garry.................! good post.......... :;()
Ross will probs have you on filter..........!
All the best (or..............? :()
Ross , Do you think everything is hedged on a successful P1 drill for the long term rise in BPC ? In your opinion , have you disregarded any increase in SP due to the cerp assets and other licenses? If P1 was a total duster how could you envisage the BOD raising finances for exploratory drills in Uruguay or further developing CERP assets. Yet more dilution in this scenario ? Genuinely Interested in your opinion.
GarryGraham
As I said to Starchild, and would say to any potential newbies looking in here, I really would look very carefully at the ex-CERP assets, how capital hungry they are and how much capital they have consumed to date, before trying to take any statements like those to the bank.
I am of the opinion that the SP has settled around the 2.5p mark as a basement level. If P1 is a total duster I think initially the SP will tank to maybe as low as 1.75p but with Cerp assets and other licences available (provided there are no further share dilutions) the SP should then rise and be comfortable around the 2.5p mark. If this is the case it's really a free hit on the P1 drill if anyone has bought in at 2.5p or below. Worst case scenario - duster and some short term hurt and get your money back out, best case scenario SP rises and take out in December before a drill or go the whole gamble and its a gusher and the start of the BPC story.
Private_I
Good summary. Newbies get on now!
Some bigger buys when the sp dips. Then the big selling stops.
Gla
Oh in another world, yeah he could wear a dress.
Oh in another world or even more 'normal times' a company this close to drilling potential of this size with the funds in place for the drill. Using best in class drillships to drill a prospect backed by some brilliant 3d seismic data, with 100% economic rights (less reasonable government royalties)
Would people have expected the share price to have started moving?
Nothing to support my theory but here goes.
The later the rise the sharper I expect it to be.
The sharper the spike the more it overshoots fair value.
Now for the warning.
Newbies do not get caught on the spike.
Traders when it goes it may go fast.
LTHs get off the train wherever it works best for you.