CURRENT UNREST21 Aug 2020 11:32
Good morning , I am very surprised by the current unrest, because as far as I can see nothing has changed, except for the SP, partly caused by the unrest and overhang. It appears to have started when the BPC takeover of CERP was announced, with initial fear of the outcome of our agreement to purchase FRAM. For here we have BPC with a one trick pony, who have been in business 14 years and have still not drilled, taking over a company with some assets, in case their own drill either fails or does not happen. On the otherhang Paul has taken a partner on board to pay for FRAM and he has the sole rights to CO2...SO WHAT IS THERE TO FEAR FROM BPC.?
I suppose the biggest problems are the delays, so without going into too many details, we have a world wide epidemic and government bureaucracy and yet work has continued in Trinidad through all of this.
Some of the stuff on this BB is beyond belief and one of the main culprits is MMM who to be honest I have found him to be a fairly straight forward chap, with a spade is a spade mentality. Of course I do not like his choice of language and I have told him so and to be fair he told me the truth, that he would not change. I also admire other contributors, who have put in some sterling research and are now being vilified for their actions.
To conclude I believe in Paul and will continue with my weekly top ups and if weak holders wish to sell up, then thanks for the cheap shares. Look around the top share gainers and there are some manic MCs and I am sure that with the right news this silly MC will be transformed in the blink of an eye.