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Honest question.
1. Do you think cash position will last more than year if government takes longer to grant all Permissions required?
2. Will this situation results in raising cash through share sell?
All guesswork, but I reckon if Q1 comes and goes with no news, then MB will be twitching to do a raise in Q2.
It would be dilution, again.
Let's hope we don't have to worry about it and this is all sorted in Q1.
H1 might be operational this year after LP issues depending on the contractor winter operation ability.
MATD cash upto July 2024 by then it would have massive revenue.
3 billions barrels of oil.
Hamm - with us a blink away from December and Christmas just around the corner, I think we have to accept 2023 ain't happening. And as negative as BP might be, I do think he is right that if this continues on much longer, even if we do have production early next year, it might be a while before we are profitable and able to sustain ourselves. Therefore, a raise might still be needed.
If this does spike to 10-15p in quick time post RNS, I'll likely sell a good chunk of shares because I think the SP will then fall back.
Researchandhold said //BP is like a stain on humanity//
I said no oil sales this year - I think that is pretty much assured. I do think there will be a share issue cash raise in the near future if the SP recovers to a reasonable level 5p+. As I said before - let's wait and see eh.
Hamm - stop asking stupid questions you are making a fool of yourself. If I did take you seriously and responded with the truth you would call me a liar & try to twist things around. So what's the point?
DQE deal = No need for a Raise
There is no point.
To yours or many other posts.
We await the RNS.
News of ongoing fuel issues and regional mining conferences though are clearly relevant.
Nice steady rise.
Regardless of any other local outstanding issues this is still a good stock to get your teeth into.
If you still believe this is not going northwards and this could be sooner rather than later than seriously you should stay out.
I am confident of a great deal of interest and many joining the ride in the coming days.
GLA
BP pilot, please clarify.
Are you a pilot?
Are you living in Midland uk? Or Singapore?
Previously when questioned your early posts, you said you were living in Singapore and it was midday there!
Come clean pb pilot for once!
You always said MATD would go bust too! What happened?
Some guys are nervous when rapid share rise happens!
Hardly a rapid share rise. It is still over half down on where it was not so long ago. Many of us are still way down on our investments here. I did buy more today to lower my average but can see it is down in black and unknown. That says to me there are way more buys then sales so should be higher than where we currently are.
Researchandhold said //BP is like a stain on humanity//
Hamm - just for your enlightenment:
Yes, I am a pilot.
I have never been to Singapore - that was a joke when you queried my postings in the early hours.
I once (not "always" - see how you twist things!) said that going bust was a possibility if no takeover, but I do explore all possibilities.
BP, didn't you say you were retired at 52? Or working as a pilot? Or was it a joke?
Please tell us which one is a joke once. Are you invested too? Please feel free to answer to any questions which you feel comfortable only.
To me....to you....
I miss the Chuckle Brothers.
Researchandhold said //BP is like a stain on humanity//
I did retire at 52 from the computer industry. My piloting is purely recreational. No joke!
B/p appears to get a kick out of pretty much everything - as long as he can wind people up.
This will easily achieve 10p. It was 9p before the EL and soon PM will have LP.
Machine to print money. 15 wells and a drilling company as a partner can't be bad..
Just need management to engage with shareholders
Would love a RUA style rise! Oh to drop on one of those stocks and see it take off. One day, Rodney!
Researchandhold said //BP is like a stain on humanity//
BTW - I still think that a takeover (at least of Heron) with MG approval by someone with the experience & capability to run an oil production company would be a very good move.
Master - when you say soon? When does that actually mean ?
Master "Just need management to engage with shareholders"
Don't you mean we just need management to get on with the job. And if they are not capable then get someone who is
Horses. Yes. If lazy ones are not getting fingers out of their backside then I'm definitely up for new team to lead this to profitable company.
I think ne t few weeks we should see the Land permit.
Just by the governor turning up to the mining conference and the local government signing a memorandum with mining minister should give you an indication that we are almost there.
I see no reason why it wont gi well above 10p if all hits what'd been mentioned.
Nice to know there are fellow aviators on here...
BP, where do you fly from?
youtube.com/CJThePilot