Member Info for armatrading

Smalltrader, wish you were right and it was literally £3. But 3p will do for now...

Good point about the price today being a nice double on the 1.6p.
I was thinking maybe some people are selling in a bit of a panic, after receiving their AGM info in the post, and completely misunderstanding it?!

Jim, your figures sound right to me, based on the RNS. The Notice to the AGM states the 1,991m figure. Also, in a table just after that, it states the "fully diluted potential share capital" to be a total of 3,866,617,284. This would be about 50% premium to the 1,991m figure.
Max poss dilution of around 50% still doesn't seem bad, in order for us to retain 100% of the asset.

I like your thinking, Interestking. Hope you're right for the 5.20p :-)

Nice to see the price close at 3p.
3.5p tomorrow??

£250m = c. 15p with max poss dilution?

That sounds like a great tactic, Phoebus.

I think this section of the interview is particularly relevant to the situation we're now in:

hTTps://youtu.be/_UwzQ8gHF4U?t=320

The BPC ship is very tight against leaks. Maybe just the RNS starting to sink in?

"Unavailable for comment" doesn't necessarily mean 'refused to speak to'...
I would imagine it's a very busy time for BPC at the moment, and any press interviews will be carefully managed.

If this actually happened, and there was co-ordinated effort to set a dummy sell, it would - ironically - be treated as market manipulation.
Trading in BPC shares might even get suspended.

Hi Jaytee41,
A - Macquarie's services were bought in by BPC to help broker a deal and/or arrange financing options.
B - Dilution in this sense would the the issuing of more shares, as per the information in the 'Notice of Annual Genral Meeting' section of yesterday's RNS.

With dilution, new 87p is approx. 21p.

My first thought too. But why specifically New Providence, and not the whole of the Bahamas?

Share price just hovering around the placing price of 1.6p.

Nothing new to add either. But, based on the presentation BPC did in March this year, institutional investors were moved to buy into the placing... so that's a modicum of positivity.

25% spread !!!!

Losing our hair is a bit of a given with BPC... but that's okay, as long as we don't lose our shirt too :-)

https://thenassauguardian.com/2019/06/12/bpc-focused-on-drilling-initial-exploration-well-in-year-and-a-half/

Suspension would be RNS'd, wouldn't it?

If everything is out in the public/media, then we might know something a lot sooner than September?
CLON might even be forced to release an RNS as soon as any bid is revealed.