Member Info for Glide

i am undoubtedly a novice on buying shares, so with that caveat....
The share price has dropped since news of the merger, I cannot believe that the “for and against” views on here effect the price much at all, seeing as there are proponents of both views and I expect the readership is a lot smaller than the big investors that actually sway the price.
So taking away the influence of this message board, why has the share dropped by about 25% since the announcement?

I can be a bit ‘pint half empty’ myself, but I do worry that now might be the worst time to hold shares or crypto currency. Although if it all goes t*ts up, what use is currancy either?

last few Words meant to say “a chance”

JimInTheKnow, as a nobody with a lot (for me) invested here, I have sat back, and watched the flow of this message board, since the Cerp announcement. I also posted last October that I thought that BPC were having trouble raising enough money to achieve a drill as the money markets were getting worried about lending. ( got a bit ridiculed for that, I shrugged).
I know nothing really except what my eyes tell me. When a plumber or a van driver couldn’t afford a house then The economies have over heated at that time. Money is more difficult to find.
covid has added to that uncertainty.
I don’t think that BPC really had enough of everything to drill last April, there wasn’t a drill rig named, there wasn’t a date set even with a few weeks to the supposed drill window.
Covid came in, a drilling partner is announced, where it wasn’t before, why?
I was prepared to go shoot or bust, I am still in profit if I sell, but I do find this a difficult investment to trust.
I will stay in, because from the original premis that big oil is to be found, for me, still holds. But the hubris of February 2020 looks a little silly now.
I don’t see the value of the merger. If Perseverance fails, the merger (IMHO) is irrelevant.
I also see this as a way of giving the company board longevity rather than sticking to the longheld aim of a drill for BPC in Bahamas based on older and newer surveys. I would vote no to the merger given.p a chance

I bought in at 3.1 and averaged down now to 1.4.
Wondering whether to chuck a few more £k in to get the average lower, or just sit on what I have.

Kieth1, it’s strange, this board has been a really good place up until the merger talks. Hopefully things will get back to previous civility.

Please don’t retire from this board, I_k. As a newbie, I look to solid posters such as yourself to educate and provide me with balance.
This board has been a great place to be until this last few days, mainly because the takeover or merger whatever it is has caught folks off guard, and spoiled peoples comfy plans.
But it should settle down.

And how much concrete and steel for the turbine column footings, and gallons and gallons of lubricant oil.....

That happened to me last year, but luckily I topped up with what I could afford in the lows so managed to average down quite a bit. The way I see it though is that this is a relatively new company making partnerships with big names. I doubt it will make life changing difference to me but I hope it will add nicely to my future retirement kitty.

Didn’t mean infer that your choice of Johnny Blue was pretentious.
By the way have you tried the JW Select Cask editions. Just wow, slight hint of vanilla and coconut, smooth and rich. Too rich to have many, a lovely hold and sip tipple.

My budget stretches to Johnny Black, I am enjoying that on the rocks right now.

Is it just me, but I don’t mind if the SP drops because of dilution on the 4th. I will add a few more at under 3p if it goes that low.
Even if the SP only rises to 4p in December thats 25%. You won’t get that in a bank.
Must be missing something, I am not giving financial advice, just commenting.

for a Novice like me, farm-in doesn’t mean any numbers in my head.
So lets set 5he scene, it’s august 1st. The SP is 10p
What would a farm in look like to me as a share holder? What is a reasonable estimation to how it would effect my position.?

Played football at Sunday Premier level then Vets till I was 52, but knee gave out. Coached my sons kids side for a while, but didn’t have the patience and handed it over to someone else.
He went off to Uni, Northampton, came back Rugby mad. Tall winger, he plays for 2 sides now.

I am a total novice with shares, only started a little portfolio a cpl of years back. As I have mentioned before.
Do we still think that this could get up to 100p? As I might get a few more in at sub 5p. in that case.
Understand all answers are just opinion, not advice

Link worked fine for me, you don’t just click it,
copy the whole of the text and paste into browser address bar. Then it’s fine.

Been lucky with Dev clever and BPC, strange market though. By the way This is not financial advice, I know less than anyone else.

@Womo, thanks nice and concise. I read the original RNSs and thought that they were too good for my inexperienced mind, so thought I would clarify on the board.

Oh one other thing, does some one in the RNS have the chance to by 50m shares (but not less) at 25p within the next 3 years?

Don’t worry about how I spend my money, I am fine. We all have to learn new terms if we haven’t been in share dealing.
What I am asking is “there were 2 RNS yesterday, what do the contents of those two RNS mean?
As a layman I don’t know what a warrant is let alone one at 25p etc is that good or bad

Can anyone explain to me in laymans terms what the 2 RNS mean? I have no idea.