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13:29:21 0.47 10,000,000
13:27:09 0.47 21,500,000 !!
1000-1500from Saffron
500 Base
50-100 4 x infill wells
Suriname ??
Still projecting 2500 by EOY
Can buy 500k/1m on ig no issues at full ask
The same MM has been sitting on the bid for some time !!! They can’t have many left to offload before this starts moving upwards
POC - the first tranche was offset against costs !?
How do you come to the conclusion that the put reconciliation payment will be the same? I imagine most of these shares were sold at a huge loss this resulting in a large fee to be paid ?
The large trade Was a sell worked over the last day or two imo
Hopefully the last of the recently issued shares
Wti looks strong - increased work over activity would make sense given the higher price
Saffron 2 news imminent
Bodes well for an increase from the current levels
Hopefully! Just need some news to get this moving in the right direction
14:27:42 0.50 5,000,000 25.00k O
14:27:29 0.50 32,170,000 160.85k
Some nice buying into the close.
5,000,000 Unknown* 0.50 0.55 26.25k
9,200,000 Buy* 0.50 0.55 50.60k UT
Cash balance I would say. R:R of blowing whatever was left vs cash preservation for Saffron/WC
Looks like there was just 1 x 8m trade
Not sure why two prints have shown up today? One was shown as deletion cancelling the other out
Garry, how would you rate your trading performance? Give yourself a mark from 1 to 10!!!
How about taking responsibility for your investments and now throwing your toys out when a 1/3 wildcat drill isn’t an instant success !
Clove - higher COS but a smaller target
R:R favoured saffron
The nuances that fit a narrative? We all know Mr Potter as a highly inflated ego. The wording of the RNS clearly is a little ego stroking on his behalf. As with all RNS's from BPC they are ambiguous to say the least! You are right in what you say though, It is what it is - A duster in commercial terms!
Tiburn - You cant seriously be trying to spin in that way. Lets face facts - Non commercial was a disaster as reflected in the fall in SP.
If the well was commercial do you think raising funds at a multiple of pre results SP would be an issue?
And then it’s usually rinse and repeat with placings.. new shares are issued at a higher value ?
I don’t understand what point you are trying to make , sorry if I’m missing something I just can’t see the angle you are coming from !!!
The shares available will have a higher value
1 share at £10 is the same as 100 shares at 10p??
Market cap doesn’t change
I don’t see what you mean POC?
The call option has expired.. Thankfully!!
As for anything with the CLN, they will adjust to the consolidation ratio
Market cap doesn't change, just number of shares in issue.
Stach - The recent presentation indicated the cost of Saffron 2 to be $2.3m?