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Don't listen to ****roache 999. they just pumping and dumping crue.
here is what GBP up to.
They have cash for few months wages and rates.
but,
They need cash to keep the existing licences.
as the existing licences has no short term solution, they need cash to buy a new licence.
They need cash to do some work on the new licence when they buy it
only then we can see if it is successful or not.
expect sp to drop to 0.02 or 0.01 after all these dilutions.
GBP is 2 years behind TRP as they have licences in the same area. TRP bought new licences inland and still finding it difficult to even hire a rig given roads conditions and safety.
only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.
GBP need at least 4 -5 placings before it could show any positive results. PTR was in GBP position 2 years ago look at it now.
It has a licence close to GBP and it is aware there is no future with that one. PTR bought another licence in land and it spend one year looking for a rig to start digging there but it did not find any because of the terrain and safety issues.
GBP is likely to do the same and fall in the same trap again.
so expect dilution to 0.000001p or less.
There are a bunch of new investors trying to make their money using twitter form time to time and make 30-40 % on spikes. that all the story.
Is the 0.03p bond barrier on the menu then. This could be reached by Friday. At this rate the target tomorrow is 0.04p.
why on earth would someone want to change 0.15p by a lower target. The lander of course want to but the CEO does he have bones or just a bug of ..
Inflation, dilution, coin clipping it is all the same. Even nature do it. It is called weathering away. mountains are formed because earth is to flat to bear fruits, then mountains are weathered away to create silt and riches somewhere.
it is make and remake. The king is dead. long live the king.
Some are sitting on the side and crying. I understand what they are after. a good discount.
some are claiming to be in but still crying. Are they planning to loose their investment to the last pound?
Strange the behaviour of some investors sometimes???
Https://atlascapitalmarkets.com/.
seems to be a French link and they bought the 19% stake to take it private after suspension of course.
You should all work to lower sp bellow 0.15p so the new investors will not have quick profit. That is if they have not already forward sold some of their shares. sp should stay low till we see real progress.
sp above 0.15 is just an invitation to rob existing shareholders value, as they will sell and make another placement without any benefit the long term share holders.
They have cash for few months wages and rates.
but,
They need cash to keep the existing licences.
as the existing licences has no short term solution, they need cash to buy a new licence.
They need cash to do some work on the new licence when they buy it
only then we can see if it is successful or not.
expect sp to drop to 0.02 or 0.01 after all these dilutions.
only the unexpected event of someone drilling in the area and proving gas or oil commercially viable, that any thing positive will come thin way.
Can any one volunteer to explain the link between MCap and syme achievement to date or expected achievement in the short run. I know it is in the finance sector but it seems it is not successful so far in building a path that could be developed as time passes by. No serious monetisation that matched at least the expenses. Is is a case of market rejection of this model so far? What need to be changed to be in demand again.
The expected structural change that need to happen to change the fortunes of this venture!!
any new ideas or beliefs that could help??
I don't know why some people are expecting GBP to rocket? It has a licence in deep waters and it can't extract oil or gas by itself. It does not matter who is the boss now share holders will lose 80 to 90% of their value in the next move if it is not more. GBP was banking on someone starts work in the area and prove good reserves but no one is willing to jump first.
PTR has no cash for this and exon mobil can afford to wait few years and get the lot for free. It is obvious they are in no obligation to go ahead with their exploration. The previous boss understood this and left. The new ones has no leverage to bring this to safety. Sp likely to drop to 0.02 before any one has to will to grab another 50% of mcap for £200.000. just to keep wages for the new lot.
If no move is made by Exon Mobil in the next months GBP is toast, simple. It rests with the competitor for survival!
strange isn't it.
But the last few days a large chunk of VRS bought at 0.27p and that is enough to hold it back for a while.
At least some future has to be positive to change the mode here.
Unless you want to allow the new investor out at a handsome profit soon??
The facts are:
Every one is waiting for the others to make the first move and get drill results to reduce risk and attract JV.
The easiest spot is with PTR and they don't have any cash to jump in, they have the shallowest confession.
Exon Mobil has the deepest concession but they have a deep pocket and they can wait to get GBP and TRP licences for free. This is what it seems to be the game at the moment They can wait GBP and TRP can't.
GBP has tiny mcap and need cash badly. with lowest price at 0.04 few days ago, The new investor is likely to have a discount as well and it will be a heavy dilution at a very low price. Even with cash raise say at 0.04p and GBP will be only able to maintain wages and licence fees. if they want to do more they need heavy cash raise say 95% dilution just o conduct extra work not a drill.
It is really a hard situation unless someone decide to drill and prove the area to be worth investing GBP ond investors and current one is going to be nothing.
reducing bod wages and costs will only stretch the pain. New management clearly will have the flag to wipe existing share holders value and adopt new investors.