Gusher plugger22 Feb 2021 10:37
Any experts out there know if it's cheaper to plug a hole that is NOT gushing?
If it's cheaper to fill a hole with no pressure behind it then :-
BPC stopped the drill before total depth is this because they already knew from the samples that go any further then it would cost more to plug ( which was the plan anyway). Money saved on drill cost and plugging.
With these samples they can attract the big boys with a farm in/out.
Lombard gave them the money they needed in exchanged for shares - which they sold at 2-3% profit in a couple of weeks. Not bad for a few weeks work. If it had been a gusher Lombard would have missed out - so by stopping the drill then future investment would be easier.
Lombard will invest at a lower rate of 0.5 to 1p and make more. BPC don't care if they have 5 billion shares or 10 billion shares their aim is to build a big company . PI don't matter to them. If they had a gusher at 5 billion shares the Market cap would be £5billion at £1 a share , if they had 10 billion shares Market Cap would be £10 billion - more impressive to mummy and daddy.
PI's are just cannon fodder in their game. Best hold onto to your shares for their end game rather than sell at a 75% loss.