Member Info for icemax

For the first time in 10 years, I feel today as if it is finally over for bpc, and cannot even bring myself to top up. Having watched over ten years the investment potential of this share fall away due to the failure to get a farm-in, I feel I'm left with just one question: what is it about this exploration that the majors deem not investable? Genuine question.

We also have the CPR dilution to come, as well.

willibobs44 - folks are simply going off this

http://www.tribune242.com/news/2020/nov/27/oil-opponents-bpc-gives-us-no-choice/

Seems unlikely to succeed to me, but along with the foreshadowed CPR finance, it remains a downer on this share.

Odd that thanks are required for coming onto a company's BB and ramping up shares in which you have taken a pooistion.

That vid is hilarious.

https://www.depp.gov.bs/wp-content/uploads/2020/03/BPC-Perseverance-Well-EIA-Final-Feb2020.pdf

Starchild - whilst I can hardly believe it credible that the eia could be challenged on such grounds, the proposed ship under the eia was Stena West Saturn but which is similarly a 6th gen ship.

An as aside, Bizzell are not known to share dump? Now, that's not credible.

Be careful what you wish for: "On completion of this work, the Company expects that it will have a readily monetisable asset in the form of certified 2P reserves, and the Company has commenced discussion with several providers of financing facilities that advance funding against the assessed value of these reserves."

https://thenassauguardian.com/coalition-laments-bpc-drillship-on-its-way-as-judicial-review-being-filed/

trp-bpc, another 20 or 30% delusion? Is this the daughter of Starchild?

Scary thought.

Agree, stuffing 60k in the back pocket from exercisable options is not to be sniffed at
https://www.lse.co.uk/rns/BPC/exercise-of-share-options-5h662xz7ld3dday.html

hey up she rises https://www.youtube.com/watch?v=j5e8Q1D_q4s&t=188s

@EggChaser1 - doesn't work like that. Late reported trades could have been made in whole or in aggregate at any time in the day, so there's no way of knowing if they are buys or sales. Given that the bid this morning was very quickly hiked from 3.02 to 3.12 - and given the end state in the SP - the likelihood is that they are sales. Could be folks selling share options or the like.

Brilliant film from start to finish, but Waltz made it: both the opening and the dining/scone scenes were epic as well. Very much enjoyed CW's performance in Django Unchained, also.

https://www.youtube.com/watch?v=q5pESPQpXxE

No, I didn't mean this should be worth 4p, now, or nearer spud. I simply meant that asking why the SP is where it is now, rather than 5.8p, was a bit misplaced.

Suggest not paying too much attention to broker notes - they often are simply sales flyers for the company employing thier services.

The lack of traction on this share is simply that there have been too many left-field events = lack of trust.

@smalltrader - like for like, following dilution that 5.8p would look more like 4p.

ShareScare - agree on catalysts.

@ShareScare. It's nonsense, I'm afraid. We know it's pointless adding up the two columns due to sells often falling on the buy-side of the mid-price. The SP tells it's own story.

The problem is that the share has been diluted to hell and that the world and his wife know the backstory and, in the majority, have seen the ups and downs over even the past year. Many people who post this board - and many more that don't - know how to play the share.

It's precisely because this share has been rinsed so many times that, given still risks around an injunction or news on the CLN, I thought we'd end up around 3.1p.

Not saying that we won't get to 5p over the next 20 days, but I'm not sure what the catalyst is going to be.