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When we know for sure the merger will go ahead this will be the beginning of a nice increase isn sp between now and the spudding of Preservance. I expect institutional investors to that more of an interest next week when the merger is complete.
There are paid share bashers - it is their job to feed disinformation, falsehoods and select the bad points in each piece of news.
Once again I say that to avoid the hassles of replying to the always negative posts put them on "Filters" and have an easier time of it, and their negative influence on the sp and general sentiment is less.
Just why does anyone post 24/7 on a company they aren't even invested in " THERE IS ONLY ONE REASON"
FAKE news about 'huge placing' by Bully1985 and others
Bulll1985’s posts since appearing on the CERP and BPC BBs are unfounded, misleading, FAKE news and designed to scaremonger people with the threat of a massive dilution. He has no shares in our company and wants the BPC SP to flounder so he can buy in. As such he is bombarding this BB 7 days a week with the support of 4 other regular de-rampers, who are feeding off each other. Two of these de-rampers have been suspended in the past.
Here are his posts, some totally absurd:
1. 15/7/20 15:10…..’ For disclosure - I probably would rebuy at around. 1-1.5p as worth a flutter at that price (with some more disclosure from the BoD). Is that selfish that I don’t think the SP is good value at 2.5-3p???.’
2. 13/7/20 23:09 …..’ So I have zero invested. No reason to lie. No bias. You have capital invested. Every reason to lie. Complete bias’
3. 13/7/20 18:17 on TXP BB … ‘I was in CERP but sold up following the merger - didn’t like it.’
Currently there are approx 2.4b shares. Following the merger there will be approx 3.3b including 80m shares to pay off a CERP loan and NOT the 500m FAKE news he posted last week. The BoD’s wish to have 10 billion shares approved is NOT because of some cunning secret plan to dump 6.7B shares on the market at a massive discount of 1.27p to the current price of 2.5p as he implied. It’s a visionary move by the BoD to have the legal structure in place for the future. If BPC Bahamas acreage is eventually proven to have 2billion barrels of oil in 12 months, the BPC market cap will be in the billions. It means BPC can merge or takeover other small explorers or producers in the region and use the unallocated billions of shares to do so.
Warning: Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.
Starchild
What do you mean opinions Bully? You’ve only got one opinion. You’ve got the ability to come up with the same crap time after time. The problem is you’ve started to believe it. You ain’t a holder of any stock so why not just stop embarrassing yourself and go. We all have a whinge now and again but you abuse the privilege.
haha that’s funny BeObjective is clearly Bonum. The COPL posts show it. I can’t see there is anyway he would show his face there again and he has been AWOL since June.
Just checking back in briefly. Seems as though CERP and BPC board are just a battleground. Shame, they both used to be quite good.
Tex
Yes
No
Abstain
Chairman vote on your behalf
So phone your brokers and choose chairman to vote on your behalf.
Halifax telephone number is +44 (0)1132701154
Barclay's telephone number is 0800 279 3667
'Stick to discussing the investment please!'
NOT with someone who has to use different aliases because of allegedly having been banned from the LSE forum several times!
1. I assume BeObjective is your latest re-incarnation, the previous ones being Bonum, MANTAS, Ironside1 and CBCB1 CONFIRM or DENY.
2. Why the alleged suspensions?
ANSWER the questions. You have no credibility in your ridiculous arguments.
I ask anyone reading these posts for the first time to click on my name for various opinions I have given over the last few weeks. Always be weary of short sellers, especially those that have been suspended. DYOR
Starchild
The problem with that 'BeObjective' is when you have IreneKrapp entering the conversation (Ms Deramper)
Irene, I sense some jealousy in your latest de-ramping posts because of my comment……. ‘ I think the bubbly Christine Corrado did a very professional job hosting the [BPC Eytan Uliel Webinar] event’. There’s no need to be catty on this matter.
I’ve already said I’m NOT interested in you as I’m happily married. Please be frisky with someone else. Just because you are less brainy, less good-looking, less bubbly than Christine (and wear a monocle instead of really cool blue Gucci designer glasses), doesn’t mean it’s impossible to find someone. There are many (star)fish in the water, nonetheless you have a greater chance of success if you use milk instead of cheap gin on your cornflakes in the morning. This may also result in more cerebral posts on this forum. Despite all of this, I still think you are a lovely person and my CERP sister of course. Be nimble.
Have a great day
Starchild
xxx
Re Bully1985's post... I quote....
'As I said in an earlier post - buy and trade the news, don’t just buy and hold. If the evidence points to a dilution don’t invest yet - wait until after the dilution and re-evaluate if it represents a good entry point. If a farm in is announced, re-evaluate and decide if it’s now represents a good value entry point. Trade the news my friends and always be prepared to re-evaluate - don’t just hold your shares aimlessly.'
My translation: 'I am Bully1985 and admit to having has no shares in either BPC or CERP. I will spend every day bombarding BPC and CERP forums with fake news and misleading posts shorting the stock, so I can buy BPC at 1.5-2p. I will do this even after the merger announcement.'
Bonum
I assume BeObjective is your latest re-incarnation, the previous ones being MANTAS, Ironside1 and CBCB1. Leaving personal insults against me to one side, kindly confirm or correct me if I am wrong.
Why don’t you just state your real issue rather than all these smoke and mirrors which created so much friction, ill feeling and got you allegedly suspended for fake news and bombarding the CERP forum with it.
I believe your core issue is you want the Bahamas Drill to be a binary result. A flick of a coin to win huge or lose big. You don’t want the CERP merger because….
(1) It will dilute the huge win (ROI) and you don’t care it may protect everyone from an almost total wipe-out in the event Persv-1 is a total duster.
(2) It will affect your medium term trading strategy to (buy/sell/buy/de-risk etc) until spud.
Or
(3) You de-risked soon after the merger announcement, lost a lot of money and now want the SP price lower to buy in again.
Just be honest. Thank you.
Starchild
Melbana Energy is a very small Australian oil explorer with operations onshore in northern Cuba, relatively near to our Bahamas spud! It is listed on the Australian stock exchange (ASX). In the space of a 10 weeks, its price tripled from .003 to .009 (24/4/20 – 8/7/20). Refer to chart. https://www.asx.com.au/asx/share-price-research/company/MAY
For background info see: http://www.melbana.com/site/cpfile/c0c9c68f-0776-4b3b-832a-72798d28a7e3/20191118Cuba3rdOilandGasConferencePresentation.pdf Nov 2019 PowerPoint 14 pages.
Why did this surge in SP happen? Because of a Farm-in with an African oil major, despite low PoO and despite the Covid-19 pandemic. Refer to RNS http://www.melbana.com/site/cpfile/edfbccb6-6c23-4adf-b6a3-5cc9665b5a54/MAY_2238765.pdf
What’s interesting about the RNS is it spells out the deal with the key point being Melbana got a substantial refund of its expenditure to date in return for DILUTING its future profits NOT its shares. In fact the shares tripled.
Assumptions: I suspect BPC has had farm-in offers over the years by super majors, however on punitive terms which the BPC BoD have rejected as it was not in the interests of us, its shareholders. I further believe there is the possibility following the CERP merger, we can get a farm-in or JV partnership for either the huge Bahamas potential and/or for CERP assets. Either would generate cash, fund Persv-1 and other objectives as shown in slide 7 of last week’s presentation https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2020_07/1594898738_Proactive-One2One.pdf
Key takeaway: scaremongers on this forum some of whom have no shares in BPC/CERP keep bombarding us daily about DILUTION using fake news and misleading posts in an attempt to lower the BPC SP to 1.5p-2p for personal gain. However, as demonstrated by the above mini case study, dilution in the form of sharing future royalties can triple the market cap, triple the share price and give the oil explorer involved a chunk of cash.
Starchild
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Ah, Calluna. There’s a blast from the past! (CLN)
Joat: CLN= Convertible loan note. ie, to get money by issuing new shares to a financial institution usually at a discount. At any time the institution can exercise the conversion and have the shares issued.
What is CLN?
In just over a week we will know if the merger has been approved by both sets of shareholders. If approved, in my opinion the BPC SP will significantly increase and the CERP SP will mirror the BPC one at around 75-80% of the BPC price. (based on 1 CERP share conversion in August equalling 1 BPC share @ 80.3%.)
I believe the market cap/SP will substantially increase for the following reasons:
1. The markets like stability.
2. Private investors who got spooked may wish to return.
3. Institutional investors may want some of the action for the long-term. Separately BPC is too risky and CERP too small. The merged entity is in the Goldilocks zone.
4. The merged entity will have funding options far superior to the currently available highly diluting CLNs. Today these CLNs are the ‘worst case’ benchmark to raise capital for the Bahamas Persv-1 drill. Refer to my post 9/7 at 3am re the BPC email.
5. The company will likely have access to corporate financing such as bonds and non-convertible loans using combined assets as security. A secured mortgage/loan for 3-5 years is much better than a CLN which triggers the regular selling of shares in a short time window.
6. BPC engineering expertise could increase productivity in CERP assets.
7. Leo Koot will join the BoD. As I’ve stated before, there is a possibility Leo will become CEO after Simon Potter retires (eventually) a billionaire.
8. A farm-in will still be on the cards.
I also believe the SP will SURGE as news-flow leading to spud is released over the next few months. (refer to proactive presentation Feb 2020). Even more so with jam on the butter, if (a) news relating to CERP assets is positive, (b) PoO increases to the +/- $50/b range, and (c) positive Covid-19 developments.
These are just my opinions based on documented research and observations. DYOR and get independent advice. Always click on the prior postings of someone on a forum. I am a long-term holder in BPC since 2014 and more recently CERP. I am not a day trader.
Have a great day
Starchild
sugardaddy - CERP are just keeping Goudron ticking over with minimum expenditure - IMO this is a tribute to water flood pilot scheme keeping up pressure as if these wells had just been left to naturally produce for such a prolonged period the numbers could have dropped hundreds of bopd - you'll note the monthly figs are pretty constant so unlikely IMO to suddenly drop off a cliff in June.
As I've said before CERP financials are poor using Goudron as main production and expenses with new drilling at Saffron will worsen financials further so I see why CERP aren't keen to publish prior to merger as headline loss could frighten some voters however the BPC board won't be surprised at the numbers cos if I can work it out they surely can . CERP is, IMO , all about potential , it's got plenty and a huge level of management expense will be saved post merger with LK holding it altogether with the aid of the run off consultancies.
sugardaddy - it's on page 6 of 24 - Table 1A - column 6 - HPCL ( IPSC) - very comprehensive figures over a long period are available- that particular presentation relates only to this year to May . CERP IPSC cover around 75% of the Trinidad IPSC market so the figs give a good indication of likely Goudron output,broadly stable. CERP have told us they are not applying development funds to these fields at the moment ( particularly as new deal has yet to be signed off, says me !) .
Hope that helps - loads of arguments for and against merger but lack of production info not very important to me as the MEEI stats have, historically, been a good guide! We've had some nasty trolls on here over the years trying to deramp this based on suggestions of problems with production, particularly after the quarterly update was ditched but they found it hard to dispute Trinidad MEEI stats after my kind introduction.
Sugardaddy my crutch. Nothing sugar coated about you. Transparent as a piece of cling film. God forbid anyone who believes the nonsense that comes out of that hole in your mush. Why can’t you leave the forum and take your frustrations out elsewhere because that’s all it is. Be a good mush, do something creative, crank on somewhere else. Take Bully , maid Irene and their band of merry men with you. Thank you.
sugardaddy - have a look at MEEI Trinidad for fairly recent production update ISPC - it's largely Goudron - production from Saffron and other areas probably doesn't amount to a hugely significant amount, at the moment !
I am still hoping for min 5p some day even if after the merger. Hope this is possible.
Looks at those the merger will go ahead, when it does, CERP will be significantly higher than 1.7 16mil mcap, patiently waiting, not long now. All the best everyone, happy Friday
I bought in to CERP knowing it was a risk/reward share. The risk is now the q4 drill but the reward is now also the Q4 drill. In the LGO days this was heading no where by the time Leo Koot came in and turned it around. Bring on the merger, bring on the q4 drill and hopefully we will be sitting on vast reserves of oil. That's what the merger is about. It's a calculated risk. Brighty