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is it expected that eco holders will be the first to attack gbp. gbp holds the best licence while eco holds the poor licence on the same reservoir. They are neighbours but gbp got the best lot simple. I've seen this many times holders of companies close on the same field tend to attack each other, especially those feeling they got the wrong side of the mine.
Also Herel if this was a hype stock the SP wouldn’t be languishing at 0.68p. Do you have any shares here ?
Bought more on the dip today; it’s a bargain at this price. Can’t go wrong
Harel, surely uncertainty on the licence extension is holding SP back and if extended that company is derailed somewhat so Sp should respond. At moment GBP has performed poorly compared to most other small O&G stocks since the child killers went in.
nathan, im not trying to save you, i cant! i have no cure for stupidityy.
just sharing my thoughts' thats what this board is for, but people that have a brain of an 8 years old and take it personally and responds with abusive "mom" comments are ruining any chance of a serious discussion.
Harel…. I think the order which the RNS’s arrive in will dictate any SP rises. If the first RNS arrives confirming the rumour that the licence has been extended, and no other news, then it would indicate supreme confidence in a farm out partner being lined up. I’d expect an SP rise based upon the licence extension, if such an RNS arrives. Best wishes
Who said graff was a gusher
Who said venus was larger then what they were looking for
Any whiff, any little whiff and we’re off. We will leave this price behind us
I’m assuming with the Ukrainian situation Namibia becomes a good proposition for the majors wanting new ground
They’re all here to save us lol
if it is a dog why are you barking your head off on it. unless you are as well???
Arahim, the fact you compere eco and this dog shows you are clueless!
Spike, i also believe the license will be extended, but it is not a catalyst for the sp, its more of the same, if it wouldnt be extended its game over.
do you want to send them to jail mr down under??
Where is the source of your information that six interested parties
Would be very interested to know !
Thanks for this update. Is this a rumour or fact?
harel is suffering from dissonance disorder?
It refers to the mental conflict that occurs when a person's behaviours and beliefs do not align. It may also happen when a person holds two beliefs that contradict one another. Cognitive dissonance causes feelings of unease and tension, and people attempt to relieve this discomfort in different ways.
here he is investing in eco and de ramping gbp just to satisfy his decision that eco will over perform gbp. He can't split his investment to catch the best as he is trying to get the maximum on the first change and then move to gbp and get the maximum too. but it seems gbp are going to explode first.
Genghis 15
Thank you for saying GL to GBP holders, much appreciated.
This is an AIM listed wildcat explorer, it may or may not multibag, but I have to say after being invested for over a decade it has been an interesting journey.
GL with your investments.
some elephants are in the room then. soon we will be lifted to heaven.
Hearing on six interested parties in the data room
A few big names in there and will go to the best deal
Harel…. GBP actually completed all of its contracted work under PEL29. The licence expired in 2020 and couldn’t be extended AGAIN……. “again” being the operative word. By the time the licence had ran its maximum allowable period under Namib law, GBP had it for 10 YEARS !!!! The PEL94 licence will only have been running for 4 YEARS come September 2022 and, whilst it has been adapted once, it has not been extended. Hence the confidence levels being so high. Best wishes
Investor/Spike
Thanks 4 replies. Interesting points. i would just observe in reply to "who would be wasting their time signing NDA's and visiting a Data Room if they knew that GBP would not have the PEL extended beyond September 2022 ?", that mb they could peek at the date and STILL wait for expiry. But mb not, I have no experience in these situations.
As for other posters, I have been watchimngGBP for mb 18m now but only drop in on the BB occasionally, s haven't picked up on posting history.
Fwiw i do not currently hold ; unusually for me I have been in and out 3 times ; equally unusually have been on the right side of the trade 3 times to. Normally i am a LTH, not a trader, but after each rise here I get nervous of a fall.
But GL to holders ; if it comes in it will surely multibag. if it doesn't.....
It’s all about timing, your timing was wrong, my timing is right.
I agree with Harel not deramping but as a shareholder since 2016 have heard it all before
I was attracted to the share then because they had 11 million dollars in the bank and no debt and the Namibian licenses. Since then the funds have evaporated and been regular placings diluting shareholders but not a penny of income
So basically hoping for a miracle that I can get a return On my investment
Gbp was cheaper when it had two times the acreage when the better half was covered with 3d and had 3 billion prospective resources, when gbb didnt complete its next phase obligation the government took the license back.
Of course all here were writng about a farm out and extension that never came.
Now with 2d you think someone will farm in and will have to carry 3d right away?
And if so gbp will have half the acreage, aroud 35% of the interest, no money to fund wells or farm out.