The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Jono - you are definitely not a Richard!!!
As for the other point - I agree (see my earlier post re BOD’s being accountable) however I must stress that IF there is a strategy at play and rockets the company then Potter will be a hero - on the other hand if there isn’t - well it doesn’t bare thinking about... and that’s the point - until we get the results from P1 then who can judge any of the management team and let’s be also fair it’s been a hell of a journey so why get out of the car with a mile left to drive??
Are you sure he’s been at the helm for 15years?
As for the other point I’m sure you and others agree I’m not here to spout 12p by x y z or guess the bopd etc but what I do is consider all options including re reading RNS announcements where all angles am be considered - what I don’t do is post the same drivel to death to shove a point home with some hair brained obsession that if I post it more often it will alter the company’s direction, in the process become a Richard and annoy the bell out of the rest of the readers - we already have Krapper and ThePole for that! Finally I think that person has some serious issues where certainly my convo with you was twisted out of context but at least I kept my other promise as I don’t really do threats!!!
Anyway there you are... weekends here hope you earned a few quid and be seeing you... lol
Willibobs - who knows but we will soon find out I’m sure... I guess my post ref the news elsewhere that sometimes even well run and successful companies have to come back later to recover what’s deeper and to think that info came from a shallower drill - sound familiar??
Count me in with the beer or three but we do need to play at least one drinking game...!!!
Importantly what could be deeper down at P1????
Taken from TXP RNS this morning;
-- Equipment has arrived in Trinidad to enable testing of the main gas bearing zones in the Cascadura Deep-1 well, where significant hydrocarbon accumulations were reported in December based on drilling and wireline logging data.
So what could we have below Goudron???
Gents surprised this hasn’t been discussed in more depth... taken from the last piece in the local rag!
Whilst BPC’s Perseverance One well failed to discover commercial oil quantities, the oil explorer has yet to signal it has abandoned The Bahamas completely given its statements about “monetising” its licence assets in this jurisdiction.
#Reading between the lines of its latest statements, BPC will likely seek to renew its five licences that are due to expire at end-June 2021 but is unlikely to drill another well in this nation unless it can find a farm-in or joint venture partner to share the financial, technical and operational risk. In such a way will it monetise its licence, with the Perseverance One well data already attracting new interest.
.... I agree with Pdunk LSE - this bit will do for me too!
with the Perseverance One well data already attracting new interest.
Hello Jono - just checking in and wanted to ensure my post to you was clear.
So the first bit - bashers to me are non invested people that post repeated, negative opinions about the company and its long term holders often manipulating facts to fit their agenda which again in my opinion is driven by people they are associated with or even work for. It’s these people that should be brought to account and exposed.
Anyone that has lost money has my upmost sympathy - it’s not nice - that said we are all adults and I hope accept it’s part of the risk you take - I too am underwater but chose to hold as in my own opinion there is more to this story than meets the eye and it’s way to early to fold.
Yes I do blame others for the SP performance but not the people that post here - the blame sits squarely with management and Mr Potter - he is accountable for poor performance but it’s here I feel some form of strategy is at play - what exactly again in my opinion will be made clear when we get the results from P1 - it’s way to early to call it a success or a duster but for me there are other good reasons to play the results down the JR being one.
You are correct - I do want the SP to rise! That’s why I have invested - I don’t agree with calls of 11p by Christmas or 87p by god knows when but this really is out of my hands which is where my comments that Mr Potter needs to earn his crust.
All small cap companies I have known need to dilute to raise funds to drill - necessary evil of being a minno I guess - I was fortunate to hold GKP just hours after the 9p fund raiser... many there spouted £20 a share etc but that sure as hell never happened well yet anyway. Point is we are not Exxon or Shell so need to raise capital as set out by the company recently. Could we of got a better deal than the LO give away? Who knows apart from the company. It’s done now so no point crying about it as some have.
Yes it has calmed down - thank the Lord and LSE for doing something about he whom shall not be named other than to say I did warn that he would not be posting much longer here just a shame he manipulated that into some dark threat!! Definite issues that one!
Now I’m confused - your first name? Have I typo’d it wrong somewhere if so my apologies!
Good luck but remember StarChild does give a detailed daily narrative that does give holders something to think about which I do enjoy reading - at least his investment gives him the right to give his view and to be fair that’s all it is! I don’t class him a ramper (11p by Christmas 87p etc ) who are every bit as bad as the bashers...
Ahhhh bloody iPhone...
Should read *Despicable people should be prosecuted
Jono whilst you are at it perhaps you can ask the same question to the bashers - I’d say it’s perfectly normal for someone with physical pound notes invested to post on an investment thread in relation to that investment and in doing so gives another point of view against the negativity posted here - it’s quite sad that you appear to be one with not much good to say which then leads to the question why spend time commentating on a company you neither like or trust or picking at those who do? If as you claim you are here (LSE) to make money then there are other opportunities elsewhere - surely those who are not invested should manage their time more wisely - unless of course their is a reward for doing so? Ah well you see this is where the web of deceit begins as it makes no logical sense as to why bashers waste their time and all that effort for no apparent reason or gain?
Time is a valuable commodity and these negative drains are not stupid judging by the manipulative manner that sound bites are spun - which means they post for a good reason and it ain’t because of their genuine interest in the company... or to save us all from our mistake in investing in BPC.
All in all it’s sad that this behaviour goes on. I don’t post anywhere else much as I have a keen interest here and am fully aware of the pitfalls and mistakes made.
My view - Would be great if a basher was exposed and the truth behind their posts and the devious reasons as to why these people give daily commentary for no apparent reasons, only known to themselves and their paymasters and in some cases these despicable people prosecuted. To balance the same should be true of companies that mislead investors too.
Was that for me? Care to explain what the hell it means???!!!!
Private Investor - I did tell the nutter that he would not be posting much longer which is when the lunatic took that to be some kind of threat!!
You can’t make it up but needless to say it’s been dealt with my the looks and well done to LSE for some right and proper moderation...
I dare say he won’t be the last...
Petrodollar - say no more - wink wink...!!
Important Caveat: I don’t consider myself a TA expert but IMO, you may be right about the seller having exhausted and the hard bounce back up.
Willibobs excellent summary and can I add one to your list of research and who you believe with interpretation - let’s face it the bible is interpreted in many ways and I see no difference here apart from the content therein... I note a better degree of balance from the so called bashers and trolls with Jono and maybe one other with a sense of caution and challenging the company all be it constructively and with balance.
Anyway it’s a waiting game now but I suspect we will see more news even as early as tomorrow...
In other thoughts looks like our seller might be done soon... I’ll have to consult with my tea leaves and see what they say... any Chartists have an opinion as we bimble around this SP level?
That’s a fair comment Jono - don’t get me wrong no investor likes to see dilution in any way shape or form however we all know it’s a necessary evil in order for companies to either survive or grow.
So whilst I can understand the sentiment of your earlier post in regard to another poster being honest in their view - most real investors have accepted the position of where we are and now look forwards to what the company are going to do that will increase shareholder value.
My view is there is more about the P1 drill than meets the eye which I have interpreted from that infamous RNS...
No point crying over spilt milk now as it’s done which is aimed at a minority - which, appear to have gone quiet thank the Lord!
Good luck with your strategy and I hope it works out for us all!
More 8mill volume trades from yesterday.... I wonder why it’s taken until today to publish them...
Over 16m today along with the 8mill yesterday.. hmmm
Ollie - we hope so but don’t count your chickens just yet... I’ll believe it when I see the RNS confirming after the 30d ays are up...!
If I were potter I’d be keeping as much back as possible re P1 results so as to play down anything they may have found or any farm in news?
I’d say today’s RNS perhaps underlines this episode one way or another.. it’s back to bet red or bet black again!
Jono absolutely no offence taken by me - but please don’t feed the animals anymore!! Hopefully LSE will take care of matters where that is concerned- looks like they have begun that process!
In regard to today’s news interesting conundrum for all parties and you can bet we won’t know for sure until the 30 days close out...
Will our Fred relax on the BPC news that the well is not commercial and not pursue or do they continue after raising 200k to ensure the area is never explored in the future?
Is the bond enough to stifle the fight in the blood sucking parasite?
BPC on the other hand have much to crack on with on the basis that either way they have a seat at the table and IF successful should the other side raise the capital will have a chunk of legal fees covered where do the company press ahead with suing Fred for liable in regards to the porkies he has been quoted to be saying to the local press?
The final part of this rubics cube is why would BPC defend their activities in the Bahamas so vehemently?
As Petrodollar said earlier - the well had served it purpose and had found both seals and a working hydrocarbon system - a very important clue that appears to go unnoticed by the trolls ...
Jono apologies - I can’t recall - are you invested here one way or another?
Zag not for 30days - after then we will know one way or another what the playing field will look like and perhaps by then know what was found during the P1 drill.
There are some serious pond life here lately and one with a very worrying mental issue (mention no names) - tells a story I think - however whilst I gambled with actual pound notes and put my money where my mouth is, for the time being the gamble hasn’t reacted in the direction I’d like - the pond life on the other hand have gambled with nothing and bet on Red and for the time being the SP has reflected their view and lucky guess because, let’s be very clear, that’s all it is a lucky guess - because not one single person here actually knows anything... outside of the company.
My bet is in the near future we won’t see some of this scum here as their dirty manipulative work will be done and what will they have gained??? Nothing apart from a few pieces of silver from their undoubted paymaster... and having to work weekends too - sad and lonely lives they lead..
We will see.... maybe tomorrow...
Novice in fact all... Harry = Troll and Basher....
Jono thanks for squaring that up - my fire with fire comment was ref our conversation with your good self where we discussed you know what and posting on the other site where it does get fruity and I am as guilty over there as anyone else - quite how Walter Mitty has manipulatated that into my threatening him or his family is first serreal not to mention liablous - yet the brave old coger then asks to meet me... despite not ponying up any evidence pmsl
I’d say someone gambled the family silver and lost and has turned to some seriously strong substances to numb the capitulation...
So - For the sake of the thread I’m ignoring the fool as he clearly has mental issues which is a sorry sight to see unfold and hope help is sought before he picks on the wrong sort. We can hope the keyboard is removed but at best hope LSE pull the plug for him.
Anyway let’s get back to BPC and spend less time giving him air time... the thread will benefit with the cleaner air!!
Once again my thanks and look forward to our chats and banter as we move through the month!
I wish you and others that have supported well.