Member Info for Hms687

If people bought above 0.11 then no logic to sell under this price

And those that bought long time ago ( advance days) then they’re already way down and probably have the shares written off anyway

But yes I agree there will be shorting going on but not really by retailers like Pricessional but by institutions inc mm’s

I’d not lose sleep over them if they got burnt really badly here

It all depends on what type of calculations you make.

Mine remains simple - the potential value of the oil!

0.5p is realistic on the conservative case

How low this could go pre spud whilst being toyed by everyone ?

And then how high post spud ?

I’d say we’re around the low now.

On the other side, rapid towards 0.5p an easy target for short term. Much much higher longer term

Good luck all

The issue for some including myself is at what point to sell the granny or someone to buy more shares.

I’m already in and very very content but need to free up personal liquidity to buy more.

Both grannies looking anxious now, very snxious

The Company also announces that it will host an analyst site visit on Wednesday 21 June 2023. The visit will involve a tour of the Schwarzbach facility which is owned and operated by Rhein Petroleum GmbH,

Yes it should

Certainly not the movement I expected.

if behaving as expected means going mental after drill than fine i suppose that’s to be ****ed.

our rationale and general thinking is not same but i will gladly take your trust in the board. 👍

Professional , I look at it simplistically (and there’s nothing wrong with that)

At least we’re agreed that bce do have potential assets underground,

2p reserves of about 3 mill barrels and another 22 mill barrels contingency

The global oil price trajectory us upwards some even say $100 pb tTgr last estimated costs o barrel in total inc tax transport etc was about $20 p barrel

So if we’re successful and take conservative $50 per barrel earnings that would give $150 m just on the original 2p well. Let’s say they invest a mammoth $50M for new drills and projects, it still leaves an amount about ten times current markets cap

And then there is the 22 mill barrels contingency !!!

The downside of course is that like Leslie Oeterkin, Larry Bittomley and team have also been lying to us about risk surveys, historical finds etc

Market would really really punish if this was the case and nit just financially but get some bod locked behind bars

I’m personally confident that the upside on a successful drill will be mammoth not just 100%

There is immediate riches of black gold; and then the (self) funding it will provide for other known drills.

Basically the company will have arrived!

Could take over some projects from existing majors in the area.

Could even be a potential itself for a takeover target.

I try not to be too clever which is why I wonder why it is still bi wring on this ridiculously cheap level even though it so close to a drill which has all the hallmarks via various reports of being successful

Could it be the company just isn’t being trusted so near to tge aftermath of the Leslie Peterkin champers fiasco - who knows

But I do know this is a game of risk reward and I wish I’m successful with r en more liquidityfir further top ups befire the real take off

“”

May still be a little of on the tap credit traders obliged to sell and I’d say good riddance to them all

No idea what this means... “””

In simple words punters who went long using money they don’t have ie on credit expecting huge rise. As the news wasn’t the catalyst as desired they nevertheless have to sell ( at whatever price) - in old money, margin call

Volume very negligible in money terms on a day when clearly the level and detail wanted in the news not as hoped. I’m assuming one or two institutions sold their T+ holdings whilst the liquidity allowed.

Only way traders made money today is if they were on shorts in advance - good luck to them if they were but bloody suicidal nevertheless

May still be a little of on the tap credit traders obliged to sell and I’d say good riddance to them all

On a personal note I’m extremely comfortable with my long holdings and hope sp remains at level where I can add more once my liquidity allows.

But the window closing sharp I feel

Still tons of money to be made here, not ramps but using the words of the chief at tge company - game change levels after drill

Good luck all

Is there ABYONE here still short ? Be brave and reveal if you are

Lie

Could you kindly explain where you get 10 for npv ?

A STEP CHANGE IN PRODUCTION AND CASHFLOW

Alleluya

So results hopefully available circa August 2023, and should fund another couple drills in next 18 months too

Not a big fan of this companies chiefs esiecialky the crook Peterkin, but now even Larry bottomley promising much :-

“ The SCHB-2 well represents a material value catalyst for Beacon. In the success case, this well will deliver a step-change in production and cashflow which will enable the Company to fund further value enhancing activity across the portfolio. We look forward to providing further updates on the progress of the SCHB-2 well as appropriate."

FCF as well as pure profits is going to be determined. Y how much oil is produced and how much it can be sold for.

Current global oil p barrel is approx $72 and last I heard the complete total cost of production was about $25. Key figure though is that we have millions of sweet oil to bring out however many barrels per day

Dya see why shirting is very risky if someone finds themselves trapped without a very strong stop etc

But good luck to ya - trading is not as easy as vast majority of people make out

Professional - you failed to say last time which companies of like ilk has a better NPV

But let’s put that aside, what about projected earnings ( even in the absence of any new discoveries) ?

Personally m not into ramping or de ramping. I like to deal in information. But I would give you very friendly advice to have rock solid tight stops if contemplating any shorts here

Assuming drilling commenced within a fortnight, we have another another fifty days before actual oil output ( 25 + 12 + 12 days).

So hopefully we should be looking very appealing for shareholders by August.

I’m coercing the SP to be a few multi fold of what it is right now

Ok Professional, I respect your decision not to name any other companies . But it’s interesting hearing you say you’re going to sell your holding going into the inevitable ore spud rise - I totally understand that. My own view is a loner term hold will make the ore spud rise look like peanuts given just the contingency reserves let alone any new discoveries or even potential takeovers.

If you don’t mind me asking, do you hold just a pocket money level holding of shares or a more substantial amount ?

What aporox sell price would you br content with ?