Member Info for barnaby67

Totally agree Molokai - an RNS saying Potter was out on his ear would be a great one and which would be read over an over again with broad smile on my face. Am totally convinced we will get a shareholders meeting in aug with no further progress to report and all forward looking guff about how the business has never been closer (without saying to what)! In the meantime cash dwindling as a result of green fees and pina coladas.

Got a feeling an announcement is pretty close and will be positive. Sorry not inside info but the Effects of a SoHo pub crawl - currently enjoying a pint of Tribute in the Star & Garter on Poland St. Mysteryguy hope you are enjoying something suitably inebriating.

Seriously, if we are at RfP stage now then we are truly f****d. You must be kidding if you think that would be a good thing to say of your synopsis of where you think we are!!!

Yes, I would be up for any party! Maybe we could get Potter to host in the Nassau golf club and get him to cover the bar tab (imported Newcastle Brown Ale or Blue Nun, being the only choices - tap water aside - on the zero version), with a chartered 737 Max to get us there from a strip of newly cleared land in Hackney Marshes. One of these days we might wake up and be pleasantly surprised - Potter won the club championship with a hole in one on the last.

Wouldn’t hold your breath! Think we will be lucky to get anything much pre AGM and, in my view, much pre end Q3. They will keep going but quite frankly the length of time hardly suggests interested parties are fighting amongst themselves to land this one! Like the earlier poster I assume I will lose my investment here eventually but just enough of a chance for a huge gain to be ok with keeping it on the table.

Feels like the heat death of the universe will happen sooner than Potter striking a deal (which presupposes he is immortal, which given his calm life might be a possibility). I hear that his golf game is looking pretty damn good at the moment as parties enter the data room and eventually drift away.

Need to read the docs later to find out what we have bought that increases the shares in issue by another 30% or so but at least it shows ambition on the part of Lyn and his fellow board members.

Why the rise at the end of last week as all my info (and it is very much mates in the oil and finding industry speculating so to be treated with a huge pinch of salt) suggests that a deal is still some way off yet - expectation is into Q3 rather than early Q2. So today’s drop nothing but a reversal of the so called P&D, nothing has really changed measured over a few days other than we are in a holding pattern for a good while yet. I hold a good bet here but I treat it as nothing more than that - the outcome is binary with no guarantees of a deal ever happening in BPC ownership, although the waters will eventually be drilled (that bit is certain).

feels like we are in that phase again where market expected something better in the results but it didn't see it and so on a bit of a downturn again so might see 10p before we see 15p. not sure what the catalyst for a positive re-rate is here at the moment.

Think it was pretty inevitable we would see a bit of a retreat as the results were a little behind the optimism of low to mid £9m’s and cash a bit lower than expected. Hopefully some other stuff to come out before YE-19 results are published in (apparently) July, although i’m Sure TW will let us know ahead of time as otherwise this could drift back a bit further.

Very very unimpressed by messers Jon and Sami today. Really did not come across as the sharpest pencils in the box. What an utter waste of an opportunity after all the anticipation. Happy remaining invested for the long haul after today though - really do not see any rapid growth in SP fuelled by takeover talk.

Yes, so no one expect any news of a deal any time soon. I would be amazed if there is a deal much before the AGM in August. Such a long period is also a clear statement that there is also no certainty of a deal. If SP > 3p by end of week then I would be somewhat surprised (although pleasantly so)!

Jim, good luck to you for all the continued optimism. I genuinely through a couple of weeks ago that this was really going to a deal (although I felt it was less imminent than RNS tomorrow etc etc). Whilst I can’t rule that out (clearly not) with the falling price all week and then the placing news today it has given a huge reality check that there may still not be any deal (or at least whilst BPC are here in 2019/20) and that the SP really could eventually go to zero. Have been offloading a few over the last week to get to a position where I don’t lose the full investment here but keep enough to make for a surprise happy outcome.

to see any positive developments here for some time yet based on the placing decision. I had been thinking that any news on farm-in developments were still 1-2 months away but my expectations have considerably stretched out now and i would be surprised to see any definitive outcome much before the AGM in August. Inevitably this will give up ALL of the gains of the last month or so (not that we haven't given up most already). I would imagine there must be something that needs investigating re the AG's comments and the rise that generated given what has followed in short order afterwards

Strong suspicion he was referring to the agreement of last summer - since terminated!

Sadly true!

Does anyone need a bigger clue that the “negotiations” are not going well? Potter has played PI’s like total mugs yet again!

The significant falls this week were the classic sign that the D of the P&D was in full flight. Suspect there was some controlled offloading for a while before so subscribers nearly doubled their money. Keeps the BG happy that the tantalising prospect of a drill and revenue just over that horizon again. Keeps Potter very happy he has another 1.5 years on the gravy train and that yet again he has got one over on those riff-raff ordinary shareholders. Let the PI fleecing continue!

Oh dear, given any farm-in would deliver much higher cash quantum than this, absolutely clear that no deal is near. Assume placing known about for some time so the subscribers would have been offloading the 120m shares at considerably higher than 1.6p. Now looking like a very helpful (to Potter) rather than misplaces comment by the AG. Would expect to see a 30-40pct drop today and trending back to the low 1p’s again knowing nothing is imminent or indeed certain. At least Potter can get back to his golf handicap focus again.

I am convinced there will be no news before mid April at the earliest. Actually think we will know one way or other by early to mid May. We also have to recognise there is no certainty of a deal - although, on balance, I think there will be.