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It was approaching £20 last year before it ran wild on take over stories, so I would think £20 is a possibility. One broker this week had it down for £27.
As I said one ramper left and that is you, you deserve to lose your shirt with this attitude. People like you that spread misinformation and make up stories that suck unsuspecting buyers into parting with money on this rubbish.
This share now looks like a lame horse and needs to be put down. I remember when I first got involved with Bahamas Oil, thinking it could be another Dragon Oil which I had invested in a few years earlier. While I had bought over 3000 shares in Dragon Oil for around £1500 and pocketed £8.00 a share when the company was bought out by the major share holder, there was to be no such good fortune with Bahamas Oil, however I managed to get out relatively unscathed.
What share are you talking about at £20 less than a month ago.
Alarm bells rang a long time ago with me. If , as BPC were suggesting, the drill site was such a world class oil prospect why did every major oil company that they had been in discussion with walk away from a farm out or JV. That told us BPC were the only players in the game.
PageofCups, With this companies record there is not a chance in h--- a bank would lend it money. Most of the figures quoted are almost a year old with a Market Cap of £7m which is less now than its current debt. The total assets you quote are mostly intangible so usable in negotiating financial loans. On the surface it would appear the company will not be able to continue trading and people need to be very careful if thinking about buying shares.