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JBT, In4: Thanks very much, I thought that was the case.
It makes perfect sense for a consolidation and reduce the shares in issue. This all looks to be gathering a bit of pace now and I'm tempted to add a few more shortly.
Anyone else considering similar?
Was there a specific RNS about consolidation? it said shareholders had voted, did I miss it?!
£1.5m unsecured is not insignificant, companies just don't do £1.5m unsecured unless they are confident on two things,
1) the money is coming back and
2) there is significant potential upside
As for a share consolidation, you'll never attract proper investment with this many shares in issue. IMO the consolidation is not alarming in the slightest.
I was also BPC and got burnt but speculatively picked up 2m shares yesterday. The JV is huge and a game changer imo. Happy to sit on these and see where they go. I guess my only reservation is current cash/burn or not etc.
Interesting to see what the next milestone is.....
24p post consolidation - in our dreams!!
Thanks Star. Appreciate your daily updates, its the only thing I checkin and read with any interest, the majority of other stuff is tripe.
Have a good day.
GLA
Griprip44 - Here here. Well said. It's the same old same old an utterly boring and relentless.
When do we consolidate, is it next week?
As expected the funding round is complete. Full steam ahead and hopefully shuts up plenty on here who expected 0.25, the company to go bust etc etc.
Now time to prove up the Oil and consistent cashflow and income.
Let the restart formally commence.
GLA the genuine LTH and to the rest of the doubters its time for you to move along to the next board and rinse and repeat.
Now above $70. It's all starting to fall into line.
GLA
Keep the faith.
Only6greens, people won't want to see this tweet they are convinced this is "going bust" and people will "never ever make money"
I'd imagine this will tick up moving towards the 17th May and the current OO will be a slight discount to where the SP is. Just my opinion.
Wrong!
Everyone has a choice, this is his own money from his own pocket and given the millions of shares he holds it's a serious amount of money. IF it was as bad as what the majority of posters on this board would have you believe why would you burn your own considerable amount of cash? You just wouldn't do it.
The fact that the CEO, who holds a considerable amount of shares, is taking upon the OO should tell you everything you need to know.
This is a new dawn.....
"this will go bust before it reaches 0.35p post consolidation" HA HA HA, more chance of me winning tonights Euro Millions.
If you honestly believe this won't raise what they need to for the "re-start" then the time has come for you to stop posting on this and any other share chat.
LGO-Fan
1) They are already generating revenue
2) Too many shares in issue and this has been crying out for a consolidation, by consolidating they are more likely to attract interest to farm-in/out different phases and projects.
The reset button has been hit and the recovery starts.
Just my opinion.
GLA
Grimrip44 - Absolutely well said. I wonder how many of these Trolls own shares. Keyboard warriors with nothing better to do than attack actual shareholders who have invested hard earned money. We are all bleeding here and hoping for a recovery of some sort.
Where will all these trolls be when the OO is over subscribed and they are funded for the up and coming drill campaign having hit the restart button.
Someone point me to another share that has this level of assets that are 100% owned and at a similar SP. The upside from here COULD be significant, which would mean enough for me to break even ; )
Keep smiling and ignore the haters.
GLA
Willec - They are commonly known as wind up merchants (WUM), bets ignored and none of them are holders.
Now the dust has settled on last week I'm more intrigued to see how this all plays out over the coming weeks. IMHO if they renew the licences in the Bahamas then they will only do so if they are confident of farming in.
How many shares you holding Bully? You have posted more than most here today, what's your strategy as a shareholder?!
I have been invested here for a number of years, currently sat at a 76% deficit, a significant paper loss of my hard earned money. This is real. The majority of the "told you so" brigade think they are smart and are only here to gloat and fan the flames but what I don't understand is why? Some of the utter utter $hite that has been written here today is laughable.
What happened today and the P1 duster is far from funny where real money is involved BUT this is investing and unfortunately this is what happens. This was a high risk high reward play.
So what happens next? So many more questions, a rebrand, an OO, a change at the top, more funding and so it goes on and on. However despite the $hite written today NOBODY knows what will happen next, will they, won't they, Oil, No Oil, Funding, no Funding and so it goes on.
I don't have any choice but to hold as I refuse to crystalise my loss, so please for the love of god stop with the gloating, if you don't have a vested interest then move on.
Surely now the only way is up?!
GLA the genuine LTH
Star
Ignore the haters, many genuine long term holders including myself value your updates and input.
Problem here is too many trolls with no holding and no real interest. They come here purely to try and entertain themselves while trying to get a response to the utter $hit they write.
I'm all for a genuine debate about why this may be good or bad but when people say things like "you'll never make money here and this is a dog" is just utter 8ollock$. Nobody knows what may or may not happen next but the one thing that is certain is that BPC have the assets to prove and monetise.
GLA