Member Info for Antha

full = fall, stupid phone.

I never invested in 88E just too much hype with nothing to show for it, some pi's there are total disciples of Duster Dave and have held since day one, if they sold before each drill results they would have made some serious money, never wise to full in love with a share.

Most traders are happy with their 10%, I prefer to hold and bag.

All time high I think was 16.5p only a few years ago, SENX is now in a far better position financially so that target should get reached in the short term, the real money though will be made long term (2+ years), this could be a genuine 10 bagger.

I sold yesterday mainly because there are arguably better shares out there that could recoup losses quicker (prd, zphr, boil, echo, senx, adv) plus I'm generally impatient as I didn't want to hang around to 2022-23.
So should you hold in the hope it rises eventually or sell now and do the above or buy back in after the consolidation?
The usual pattern is that the sp will dip below the Open Offer price and will remain there until the overhang has gone which could take many months, any spikes will be sold in to by the LL thus keeping the sp in a very narrow range.
The big question is why take part in the OO when you will almost certainly be able to pay less on the open market (happens nearly every time), the only time I've seen the opposite is companies with good assets and crucially no debts. A big red flag for me in the rns is that the LL could potentially get the remaining shares (the slack) at any price lower than 0.35p depending on the current sp.
As for holding, I've seen the sp of many companies in a similar financial situation slowly drift down where eventually the remaining assets get sold to cover the bod's wages or where they can't get placings away at which point it normally becomes a shell company and delists, pretty sure that won't happen here.
In BPC favour, it's does have good assets but it just needs to get a grip on it's finances and stop saying they're fully funded when obviously they're not.

P.S. As for my bet with Irene and the fact that I'm no longer a shareholder this will be my last post here, GLA.

If it was the pi who bought just before the P1 drill for £205K that's a big loss, take some trading to get that back.

My main holding is in COPL so not too bothered, luckily these opportunities do come up now and again, just next time got to be more on the boil, no pun intended.

DaProphet, that's the problem with consolidation, very rarely is it in shareholders interest, it's done so the bod can rinse & repeat with each future placing being less than the previous one.

The main problem I see is if the Open Offer is under subscribed (almost certainly) then LL's will take the rest BUT if the sp is around this current price they certainly won't be paying 0.35p but more like 0.25p or even less which will then drag the sp down to that level, because of that possibility plus there are a far better shares to recoup losses quicker I have sold my holding.

It will be in the 4's soon.

Sadly, I had my finger hovering over the buy button on BOIL for £30K @ 0.06p on Wednesday morning but decided against it, some you win some you don't :-(

I'm guessing quite a few of the smaller sells are actually buys, yesterday they even had my 1M buy printed as 3.00p when it was 2.94p, I'm sure it will sort itself out eventually.
Agreed that the seller could be out now.

Well there you go, all pretty obvious in hindsight, the name change tells me there was never any chance of a farm in/out or JV.
Challenger is a cr4p name, why not have LGO Energy so we can go full circle.
I should have walked when Leo did just before the drill, biggest red flag ever and the majority missed it.
What annoys me is that I was seriously thinking of selling on Wednesday morning and putting it all in to BOIL :-(

Well there you go, all pretty obvious in hindsight, the name change tells me there was never any chance of a farm in/out or JV.Challenger is a cr4p name, why not have LGO Energy so we can go full circle.I should have walked when Leo did just before the drill, biggest red flag ever and the majority missed it.What annoys me is that I was seriously thinking of selling on Wednesday morning and putting it all in to BOIL :-(

Those buy & sell prices are all over the shop and some are plainly wrong.
The 2.865 & 2.8751 buys are sells as the buy price at the time was 2.94, the 2.0639 buy is obviously 2.6039 which is the same as the others sells.
The big question is why the big sells?

Hmm interesting, I've been in a few shares where a Proactive presentation was used to announce something big with a rns on the morning.

Actually, it rose to 230p before falling back to 190p late yesterday and then immediately going up again today, hopefully it's due to incoming news, Covid sales figures maybe.
Even with the sp rise the company is still well under valued considering their extensive IP portfolio and cash in the bank, near term it should be 300p plus.

I hope Simon Potter realizes that shareholders do have the ability to vote board members off, it is quite obvious he's not up to the job as CEO, best option is to quietly retire and let someone more capable take over.

B1985 - "anyone thinks they are getting $65m from a major to come and farm in they are out of their tiny little minds"
I agree, it should be nearer $100M ;-)

"That being said you appear to hold the belief that commercial oil would of been found if they just kept drilling"
No there was only ever a 30% chance of finding commercial oil if drilled to TD, by not doing so it substantially reduced the cos to probably single figures and therefore what was the point?
My belief is that they ran out of money but drilled just enough (70% TD) to prove up a wps that would ultimately satisfy a farm out partner.