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ROBBLA.
WELCOME TO THE ICEMAX ZONE!
DODODODO DODODODO DODODODO!
GL
IK
XX
Hi Folks
Some thoughts IMHO:
• There appears to be pent up demand – Folks have been waiting for pullbacks to enter –
Pullbacks didn’t happen.
They missed 2.1p/2.3p/3p.
• A large percentage of shareholders are LTHs who may exhibit the following traits:-
1. Written the investment off so many times that it is almost designated as a free ride.
I.E. The heck with it let’s go for it (the drill.)
2. Age – many older holders – financially secure - who can afford to hold through to drill.
3. Whilst many LTHs entered @ higher prices than today’s level there have been many, many opportunities to average down.
From anecdotal evidence IMO this has happened prolifically.
Whilst financially relatively secure as per point (2) – there is still the opportunity to make a “life changing” difference to LTHs re drill outcome which may be persuasive in retention of holdings.
• IIs who invested in placings have almost certainly completed their “flipping.” The residual holdings are now probably “free”/hedged and any retention held for the final result.
• All of the above translates into many holdings being potentially deemed as “RESULT” holdings.
They are not for sale therefore reducing the stock available to BUY by new entrants.
N.B. There may be a bit of “Buy on rumor Sell on fact” when RNSs hit next week as some of the news is in the price. This may offer opportunity for jobbing for short-termers or top up for long - termers but only for a short period (day or 2) until surge recommences as ICEMAX progress/ICEMAXCITEMENT grows. Those who have missed the boat literally and figuratively will panic buy.
P.S. TIB. – Nice postings mate – thanks.
GL
IK
XX
Hi Bryn
I’m not giving up my ID that easily - laziness prevails - takes too long to type Interestking!
Garden is good thanks. Lots of young squirrels!
Cheers.IK
XX
Hi Hawk
I think it’s also worth bearing in mind the context of the article which is emphasizing support from Global NGOs who probably all signed the “online” petition.
I.E. How many Bahamian signees?
GL
IK
XX
Joatmon
When you say “IK” - I do hope you are referring to Irene!
GL
IK
XX
TONY
BPC.COM “INVESTORS” has all presentations re Perseverance 1 drill.
Good background and timetables for all asset development.
WELCOME.
GL
IK
XX
Joatmon
I would agree with you that is the logical conclusion.
However my legal exponent friends who looked @ the licenses say that they are subjective and a case could be made otherwise in court.
Then again they could argue black is white!
GL
IK
XX
CARS
The requirement was to commence drilling of 1 well.
(Some actually argue that buying hardware etc constitutes “commence.”)
The licenses were issued in 3 tranches of 3 year duration approx 10+ years ago.
Once GOM occurred The BG prevaricated on legislation so much that the 2nd tranche was extended and we are still in it. Effectively BPC could not proceed without govt action and it didn’t occur for several years. This actually caused us to lose Statoil as a partner circa 2014 as they lost interest.
My belief is that the C.O.B. 2020 – DRILL edict bings the 2nd tranche to conclusion and we enter the 3rd tranche which takes us to 2023/24.
If a duster we are still good.
If we strike we get 30 years to harvest.
GL
IK
XX
IMO
This Board has far too much advertising activity which overloads the server.
In other words the owners are being too greedy re revenue and too greedy re lack of CAPEX.to solve the prob.
GL
IK
XX
Friendly neighborhood Ramper here:-
Bit of consolidation here this a.m. Understandable after last week’s action.
15th Nov is a big day in BPC calendar. Won’t explain. You should know why.
By C.O.B. 15th various actions need to be evident.
C.O.B. 15th = probably C.O.B 13th so expect move up during the week IMHO
towards 4pish.
GL
IK
XX
PETRO it’s called enthusiasm not ramping.
When you’ve seen what we’ve seen over 10years of pushbacks from 3rd party actions/inactions you can be expected to be enthused when finally all the lights are green.
AND we did hit 25p in 2011 based on 1.25bn shares and 2Dseismics.
Now 3D seismics + MOYES potential 28bn BOO + green light for everything to drill.
What’s not to be enthusiastic about.
Ross and co are Newbies and wouldn’t understand + I secretly think he is a derampers!
GL
IK AKA MICK McMANUS.
XX
Bryn
I assume you were referring to me (no one’s ever called me “interesting” before!)
The Shieldees are also BPC invested and have threatened me with death if I in any way defer the dates!
GL
IK - AKA JACKIE PALLO.
XX
PETRO
Sorry about the noise - always happens after the third bottle!
GL
IK - AKA KENDO NAGASAKI.
XX
Lint
There are many permutations IMHO which would have to be multiple well drills as partners as we are GO for P 1 and there would be no point to JV @ this point otherwise.
UNLESS: There is FULL reimbursement of CAPEX thus far which coincidentally equates to current M/C.
Now that would be interesting for SP!
GL
IK
XX
AFTER - GL
P.S. PLEASE MAKE SURE YOUR PHONE IS NOT ON THE ICEMAX!
IK
XX
Tib
Thanks for that - great as usual.
Gl
IK
XX
IHi Folks
Not really prognosticated for a couple of months. Some may say: “Thank goodness!”
We have some excellent analysts here who are prepared to “drill” down extensively into the detail of our project and for that I thank them.
I have been a consortium proponent for nearly 2 years now and we seem to be forming a sort thereof.
Final components are potentially coming together e.g. IIs/Stena JV/RBL/MAJOR/BIZZELL/Family office/CERP (development/enhancement going forward for cashflow.)
Icemax leaving port on due date – end Nov - will IMHO dispel a great degree of uncertainty re BPC finally reaching the promised drill. In particular:- doubts about CV19 impacting operations and adequate funding.
Pis have been burnt a few times with BPC over the years with false hopes and are understandably cautious. This in itself should be good for a 25%+ uptick in SP IMO.
RBL is a possibility re CPR and if forthcoming will again IMO create uptick potential of 25% in SP re non dilutive funding.
The die is cast.
Drillderbirds are GO!
I refer of course to Percy and Robin (apparently Batman converted his car into the Icemaxobile.)
US election probable result is good for BPC: If Biden – He will be stymied on environmental issues.
He would be anyway as US is broke and can not afford to disturb the status quo re Energy.
Indices looking firmer due to US election almost out the way, QE on the cards globally, negative I/Rs
more prevalent everywhere = Bond yield further collapse = Stock Market support.
I mentioned Stock Market weakness a few months back. The fall in FTSE below 5850 was significant.
However the pullback above that level could be supportive combined with the I/R scenario outlined above. Be careful – the desire to seek some sort of return I.e. “greed” can be very dangerous - ref 2008.
P.S. Star – no point in putting Irene in The Tower for treason - she’s already headless!
GL
IK
XX
ARMA- Well mid November is a WEEKEND!
GL
IK
XX
P-I
Moi Aussi mon ami.
To be fair Harry was calling for an “immediate” Saffron update and we got it.
GL
IK
XX
Bryn
Are you really, really, really sure you want to be in it over the weekend?
Xx