Member Info for BigBear2

I am 99 % certain an II has dumped BOR from their portfolio

year-end cash balance of $9.65 million(£7.1 million) Market Cap - Darwin Discovery - Management's current un-risked P50 Best Estimate resource is 3.5 tcf of wet gas in place with 360 million barrels of recoverable condensate. 3.5 TCF! They are wetting themselves on AEX for 1 TCF! The mkt cap is below cash, this is without a doubt the most under valued oiler on the market.

They are taking this up, just buy 4 lumps of 500k and get it done.

be quick loading up this is undervalued @ 5p never mind 1.6p!

Mega cheapos over this will be back over 2p before you can blink

Me now up to 1 mill Fortune favours the brave

Let's put it this way a sniff of farm in and u r a rich man

Well there is no point with a placement as it would not make a dent in rig cost so can only think huge II dump incoming

I would suggest an II has dumped a large part of their holding.

I just picked up 350k of these for 1.57p! It's crazy to think in their heyday I would now be seeing > £400k in my trading acct! Last time they took it down to these fire sale levels it bounced big time

I'm in ...absolute bargain @ 1.57 p Greedy Falkanders need to change their Fiscal Regime on oil as its making the huge deepwater finds hard to be econmic. Shrewd BOD here

Agreed dan it is a bargain but these fekkers play with a loaded deck Keeping a watching brief gl all

The question is how many more tranches do they want! I am out for now and will be back if the b*tt r*pe the sp again to sub 19 again so these lot can keep buying on the cheap..

Is the exact same spread as when I bought in yesterday! Let's see if the put the boot in again to clean out all the stops from those that bought in what now appears to be normal trading.

Thx, but how on earth did they let cash in bank be around 1 mill?? Seems insane.

They must have known about the cashflow issues here when they mooted the 60p+ offer, so why not come back now with a circa 40p bid??

Now let this off the leash....

I hope so that really was a ram raid on stops.... The main thing to bear in mind is an II wants this big time.... Also they are expecting feedback from the Chinese on the 60p+ bid and there are 3 other parties they are talking to... Could be a lower offer may be coming in?? Any thoughts as due diligence has been done

Continues....... This really is taking the p(ss on a monumental scale...

Any possibility the Chinese could be getting cheap stock prior to submitting a revised bid... Surely that is the next catalyst here....will the Chinese come back with another bid??