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…. and I do t really expect much until after successful dude track rig entry ( or should say IF)
I do t mean to sound pessimistic but at the same time people need to be weary about being carried away.
The hard facts is there is little to none plume here; and no sp movement.
I think it all will revolve around success in us getting oil after which it will be like an everything or bust - looking 51/49 at tge moment
I don’t know, I may even throw in a bit more spending money into the pot if I can get some
I also don’t know what Whitenight had said, but once again he has been spot on correct !
Please don’t give me this nonsense about things being outside of the company’s control - ITS THE COMPANY THAT CHISE THE DRILL !
It really is walking a tight rope now and once again, YET AGAIN edging towards a further fundraiser because it seems inevitable that further delays will happen - why wouldn’t it given the track record.
Still, if anyone has cash to spare - meaning completely disposable money then it’s worth throwing a little into this - “ in for a penny, in for a pound”
I agree with you here TOTALLY :- “
For a couple of thousand pounds you can buy a lot of shares, and even if only a few hundred, if you can afford to lose it, then this could pay off handsomely both short and long term.“
This is one of those rare plays with potential to be not a ten bagger but literally a 100 bagger from this level. BUT you must be prepared to lose it all too if it goes pear shaped.
Clearly I’m wanting to see oil
I expect whatever comes this way Roger !
The hard work for me was done by ensuring diversification of my investments ( which includes much more than just stick shares. My hard work was also done by ensuring every penny I’ve invested is what I can afford to lose.
But I’ll tell you why i expect bad - read the RNS ( as bith Beacon and ADV before) - you will see a whole catalogue of targets that have been missed - arguably it’s more ridicule to find any that’s not been missed.
But you never know, all of a sudden this might not flop again next month.
Roger, without reading through my previous notes, just a quick glance of the figures purely on the current well can easily see the SP rise ten fold. With the reserves, potential ten bagger from there again. And then there is possible new developments in Germany or even elsewhere. In the meantime, global crude prices rises should kick in to make significant difference as well. So yes, I say five whole pence is possible in a few years time if everything fits into place.
But I also accept things could go completely pear shaped if we don’t hit proper oil sooner rather than later - it could go zero.
Personally I do hold a few million (shares) so obviously rooting for success. So far I’m absolutely glad that young Larry has finally been put out to pasture.
But it’s still on a knife edge as far as I’m concerned. It’s diffucult to maintain confidence in a company that’s made it a living to manage failure after failure
Well, at least myself for one welcome the return of Whitenight postings. Yes, wording and style not succinct but nevertheless he is one of the few that gives a counter view. Also, to date he is just about the only person that got things right on here.
Hence I do worry a little if Whitenight still not positive on the company because I do hold a good few million shares here.
The RNS today indicates upping of stake by a hedge fund and I think that’s gonna be natural at this stage.
The key question STILL is will we finally finally hit oil albeit nearly a year after oromised
No I’m sorry, something just died t sit right.
He might have been in the game 40 years but if Bracon physically delivers oil here in Germany than it will dwarf any of his achievements in the past. 0.05pence could literally start making a serious move towards 5 whole pence within just a few years.
Anyways, I’m sure it’s a case of him simply not being physically and mentally not being up to it any more.
Best news I could have hoped for to see him go but good wishes in your life Larry ( or is it Leslie or whatever)
For me, both short term and even more long term - tge important thing is this from todays news regarding the NEW Ceo :-
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Beacon Energy PLC - oil and gas company - Promotes Chief Financial Officer Stewart MacDonald to chief executive officer from June 1, the day current CEO Larry Bottomley intends to retire from his role. Bottomley has been CEO since the start of 2022 and will continue to support the company as a non-executive director. The company adds that its search for a chief operating officer to support the technical and operational workstreams in the executive team will start soon. Company adds that the rig mobilisation regarding the upcoming SCHB-2 sidetrack operation is on track with the rig due to arrive in location in mid-April with the sidetrack operation set to start the following week.
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At times like this I always wonder what great world philosophers would think. The Great Eric da Terrible of Normandy would probably say something like “ The Seagulls are coming, all rats jump ship”
But seriously, I saw this coming months ago - looks like the mrs has caught up with him
Keep up man, that’s old news which actually failed.
We’re now talking about side tracking - tge results of which we’ll probably get in June. Side tracking is a strategic methodology whereby the board bamboozles us ordinary small investors whilst they and their freinds rob us blind.
But if you wanna be sure check the latest RNS as well as their website for latest presentation last month
I don’t have as much as you - perhaps half of it. And I’m not even sure what my average price is.
Yes I can also see it going lower in the absence of any news or developments - the bod are busy at their health spa or doing spring house decorations.
Do I buy more at these lower prices ?
We’ll, the way I look at it, as I almost always do is any more top ups I get, do I actually need that money for anything else ( that’s if I had any spare money in the first place). Basically only invest as if you’re expecting to lose it
I’ve done lots of little top ups and like you, any more will have to wait until it’s about 0.04 pence , PROBABLY ( I’m also susceptible to a tiny spontaneousaity
Absolute not two parties Trojan if it was a rollover. It’s the same one party making the two transactions, one immediately after the other. I e rolled over a few ( via brokers) myself over the years.
Btw it dies t have to be 21 days; it can be 10 days, 5 days, even just 3 days. It can also be longer.
I think you could be right sprinter in that it could well be a rollover. Probably fine at tge same time.
Probably a broker or mm has sold 159 mill shares and bought back straightaway albeit at 2 ten thousandth of a penny price higher
I know the trade is possibly delayed and may not have been just at the time stated. But still - it’s 309 mill shares sold -
If it’s just part of the churn shortening excercise then I’m happy. SP seems holding up well so not unduly worried just now
I admire your sustained confidence Ezhik. Mines shattered after waiting around approaching a whole year.
I’d love some big investors to start showing interest at keast if not confidence. IF they do, this could really catapult
I agree, they’ve already updated us as much as they’re willing to for now as per the last RNS and the last presentation.
The side track rig has been secured for April. The drill will last 14 days I think. Fitting up flow to follow afterwards once consistence ised ( I just made up that word). So as I said previously, we’re looking at May perhaps even June for news.
UNLESS something else happens - some external interest perhaps.
Global crude prices certainly much higher than the last few months.
WE JUST NEED OIL !
Naa Duprophet, that is NOT all that all that pi investors need to know.
We must also be aware of the exploitation that exists in this world.
Mistakes is legit and perfectly acceptable. There are famous cases in the past where a company reports a loss or a hit at results time - sometimes losing £M’s only to see its share price rise very sharply. WHY ? Because the markets believe that company will have learnt from its failure and not repeat the same type of mistake.
I’m afraid the markets just dint believe the same if the cronies in charge here.
And no, I’ve not flipped my shares - really no point flipping at these prices.
Ralladv2 “ Will the oil be produced ?” - NO would be my answer, just simply based on other failed promises throughout the year - would be lovely though to be proved wrong.
You also say it’s very cheap / again NO is my answer. From about 5 billion shares we suddenly find ourselves sharing the cake amongst 18 billion shares.
Any more dilution and it’s an absolute cliffhanger for the company’s survival.
Yes there is potentially tons and tons of oil down there - but it’s as if this pathetic board is lighting it all with a naked flame