Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any legal process in The Bahamas can be quite convulated. The court of final appeal in The Bahamas is the Judicial Committee of the Privy Council based in the UK. Access to the JCPC is, in fact, one of the attractions for businesses going into the The Bahamas as it provides a level of comfort knowling that there is an 'offshore' process linked to, but perceived to be separate from, independent of local procedures/decisions. If the present case goes that far then the legal process may indeed be tied up for a while. Re share price - I am a LTH. have previously said how disappointed I am by developments over the past year including the extent of dilution. In all honesty, I have no idea where the SP will go under any scenario, pre-spud, on strike, three years after that etc. I empathise with many of the differing views on here and find myself cherry picking various points. I think there is still a premium to be had. But I can only conclude that the prize I envisaged all those years ago is long gone. So I am considering my options. Apologies for bringing the BB down a notch. Just an honest assessment framed in disappointment at the way things have turned out
Hmm, isn't it illegal for Bahamian residents to gamble in casinos
Not so convinced by the possible extent of the pre-spud rise. Seems like endless dilution is dampening interest? But thoughts on best time to exit? I had thought it was when results from drill are announced. But perhaps better to wait for a farm-in once results have been digested? Thoughts from any with experience of this situation?
Ardastra Zoo? Used to take my kids there in the noughties. Joe the Flamingo keeper was great with my young son - also named Joe. Happy days
10B - I agree. I sold out a few months back as it was clear to me that there was a higher chance of further dilution before a JV or sale. As such, the SP will bob along in 10-14p waters. I still keep a weather eye on developments. But I have seen nothing to convince me to essentially park money here for a year or two when it can be working elsewhere. The risk I accept is getting back in a little late. On the upside, I no longer stress about extremely poor comms from the company or whether the Board will try to vote themselves more options for doing ..... what exactly? Will stop there as I made my choice and this is a Board for investors not those with no skin in the game - yet. GLA
TripAdvider review states '.... rooms are immaculate with fridge and air conditioning which we turned off as these must guzzle electricity'. Very ECO. Also very expensive - 3 nights, 2 days fishing for $2,040 for a single person. Plus airfare. Plus Departure Tax. Plus $150 fuel surcharge which is also very ECO.
My reading of the RNS is that it is a proactive piece of marketing about the measures taken to mitigate environmental risks and to play up the economic benefits. In that context, the ship is part of the mitigation strategy. This is less about proceeding to spud and more to do with being in the front foot when the environmental objections start to ramp up. Good work by BPC to get a factual narrative in first rather than have to react
The RBDF is more about coastal protection with some fast boats to intercept drug runners. It really has minimal offensive capacity. Doesn’t need it with the US next door and US Coastguard and Naval personnel based at the US Embassy in Nassau ready to support a response as required. Recognise that sinking other ships was made tongue in cheek. But worth noting RBDF capacity is low
Always been a strong environmental lobby in The Bahamas given its reliance on tourism and the impact an il spill might have on that sector. However, The Bahamas is heavily indebted with no obvious way to raise significant additonal revenues. Oil is the answer. An I think that a successful drill with commercial amounts of recoverable oil will start to put a number on likely income. That will be hard for the Govt to ignore. Great that we also have James Smith on board as a former Governor of the Bahamas Central Bank - he will be able to counsel the benefits of proceeding. Of course, if we had Mr Christie and his PLP cronies in power there might be a different dunamic. But we haven't. Next call will be from the Church for every Bahamian to be given a windfall of $10k
Probably means the amount of time and energy he has invested?
Mr G, I tend to agree with your analysis. Dilution and the questionable acquisition of CERP has put the brakes on the SP all with no coherent rationale (IMO). This is not the company I invested in 8/9 years ago. It is not the prospect I signed up to. And I no longer believe it will deliver the rewards I was expecting. I retain a significant (for me) investment as I believe P1 will be a success. But that success will no longer be reflected in the return I will secure. Still, at least the Board will still have jobs if it is a duster. After all, that's the real reason for CERP n'est pas? Actually, having said this is not the company I invested in - it is. Only communicate when funding is required. Having a bad day so feel free to ignore.
Is that TRP 'Glow in the Dark' ......... avoid that hound ..... IMHO!
Bryn, yep, I can see folk are feeding the Krappsta. The filter button (or simply don't react) is the way to go. Worksfor me
.... for a bit of fun .... 87p party! Seriously, I think given the dilution we’re probably looking at 30s tops if successful. Not shabby. But a fraction of my pre CERP dreams. Unless, consolidation?
...... I am injecting any more funds into this company. Re-list and get out as soon as with whatever loss I have to take. Why would I invest in an outfit that doesn't even bother to offer regular reasuarnce that work is taking place in the background. The money is now dead anyway
You're sitting on it
Devastation in Abaco. But most distressing, and least spoken about, is the huge number of undocumented Haitian nationals that were swept away.
Molokai, odds on consolidation before spud?
Ibiza28, I had a final top up this morning that is also not showing. My plan is to flip this tranche as we go into spud to offset some of the cost of my long term holding which I will keep invested until we know one way or another whether Percy flattered to deceive. I think Northfields is right. The real movement will start over the coming weeks. You have presumably paid a price that you are comfortable with so, although you might not have seen the immediate rise, IMO you have an investment that will come good. If BPC lths have anything, it's patience! GLA
Thanks all for sharing. So one scenario is a relist and fund raise thus further diluting our holding? Not said in any bitter way. Just trying to establish a likely (positive) pathway