George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Heh Willec
You are a correct investor of the potential of BPC/CEG - IMO - however my friend you are also a perceived ramper of this share and my interaction with you would just add to the B/S on this board about different names for different posters.
If The Chatboard want my input I need a bit more substance to a serious request for proper info.
P.S. Willec for the record: I do believe you are genuine in your beliefs but much younger and inexperienced in the world of investment than I who is regretably much older and chastened by previous investment decisions.
Hi Cybertron
First post for a while to someone I believe has a grasp of realitiy on this stock.
I used to ad nauseum comment on this board for several years due to belief in potential of the company - all fact based.
There are many facts not mentioned currently by current posters that are not alluded to that IMO are relevant to evaluation.
I do not want to waste my - your - or the chatboard time with them unless requested.
???
GLA - IK
AND SOMETIMES ALL THE FOLKS YOU TALK ABOUT know SOMETHING IS ABOUT TO HAPPEN!
Shell said Wednesday that successful drilling of a fourth exploration well in Namibia confirms the presence of hydrocarbons.
The energy major said further evaluation is required to determine the development potential of the Lesedi-1X well.
Speaking at the company's Capital Markets Day in New York last month, Integrated Gas and Upstream Director Zoe Yujnovich said the company had recently conducted a successful flow test, the first ever in the south-west African country.
"We are in the process of reviewing the encouraging results and are focused on determining commercial potential, moving cost-effectively and at pace," Yujnovich said.
The upcoming results from the production flow test should help assess the economics of the oil resource, and if it will be another Guyana-sized opportunity, or something much smaller, the analysts wrote in a research note earlier in this week.
Since 2022, Shell has drilled three exploration wells and one appraisal well in Namibia.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 12, 2023 08:48 ET (12:48 GMT)
ICE
Where are you getting your 1billion shares from?
Laalee
You did - just - to me.
X
Bynari- Perfecto!
And exemplifies why some on here are”POLES” apart - thank goodness!
HNY MES AMIS AND THE DEVIL TAKE THE TROLLS!
GL
IK
XX
Trek
This is one of my central themes.
I have worked in The Bahamas - wonderful people - great environment etc etc.
But they have lived on Finance and Tourism for their wealth/Social infrastructure etc.
In short their income is derived from 3rd parties.
It is going to reduce and they need another source of revenue unequivocally.
GL
IK
XX
Hi Folks
RNS: Somewhat out of left field – however:-
• More dilution? See below.
• More cheaper and less convoluted funding alternative? Yes.
• More Stand alone? Yes.
• More overall company dynamic for medium term = 1-3yrs in my definition. Yes.
If we had brought a MAJOR on board from 1yr+ ago we would have been similarly diluted as today.
We were a one shot wonder - if all had gone right, which it didn’t – and had 1.25bn issuance .We were looking for a Partner and the consensus was that to give up 75% would have been ok.
Work out the equity breakdown relative to now. Not that dissimilar in the big scheme.
Many folks who look @ this currently were looking for a sharp uptick re P1.
That for the time being is being obfuscated and is disappointing, hence the negatives early doors.
LTHs will view this somewhat differently once the disappointment of anticlimax re drill has dissipated.
IMO this raise, in a few days time will be forgotten and P1 drill will reinvigorate the anticipation.
GL
IK
XX
Hi Folks
The price action can IMO to a certain extent be attributed to a few things relating to different investment criteria:
ROULETTE WHEEL ANALOGY:-
• Cautious (red/black/odd/even)– folks looking for a double – 5/6p.
• Outright (single number) – folks looking for the big strike – 87p+.
• Balanced (4 numbers – 8:1) – 20-30p.
The problem is that because of the various extraneous events – Injunction/Rainbow etc – the new punters are not arriving yet due to uncertainty.
Therefore no trigger points are being achieved and every holder is becoming a “hold ‘til drill” investor – like it or not. The psychology correlated to this is that the majority of the Roulette players are LTHs and are to a certain extent fatigued and have already written this off several times. They may therefore stick with it.
This may mean that as we approach actual drilling there may be a shortage of stock as the uncertainty events dissipate.
We can only guess but that IMO is the likely outcome albeit pre gusher SP will be more subdued than originally thought.
GL
IK
XX
Hi Jim
RNS also indicates Family Office still available if required which sort of negates what we mentioned yesterday re connection to injunction due to ill feeling.
I seem to remember that we “saved” 15% after April deferral due to hire prices dropping and new negotiations with Stena.
So with the exception of increase in contingency fund by $2 mill we are back to original budget
(Seems to me the extra is for the chartering of flights in the event of CV19 worsening and travel restrictions on scheduled flights for personnel in 3 weeks (most of who are coming from UK) being implemented.
I believe that they are being super cautious re CV 19 which I don’t blame them for.
CV19 ain’t going away whilst we are doing our stuff and seems to be escalating if anything in The US.
@ this stage a few extra mill is worth it compared to the potential prize.
GL
IK
XX
Jim
Possible re family however they are still invested in the region of 2million from memory so might be against their interests.
I was a prat re “International Community “- I meant International BUSINESS Community re doing business/contracts etc.
GL
IK
XX
Hi Folks
Not sure if this has been mentioned in anyway:
If the Bahamas authorities allow any sideshow interference - they will lose all credibility with The International community going forward.
Gl
IK
Xx
Just realized monstrous mistake - meant the rich git cigar chomping oilies not you workers!
So just read the 128th missive (everyone is the 128th!)from Peter – who I’ve never seen before cos he ain’t been here before.
I am quite happy to be corrected.
He sounds like a perfectly balanced argument that I would employ for about £1/6d an hour to stir the mud (now where did I get that from?)
Come on oilies you’ve got better than that.
Actually in my experience you haven’t!
Gl
IK
XX
STAR
You may recall I put forward the idea of The BG becoming one of the consortia I’ve been banging on about.
Not sure we aren’t a bit late in the day for that TBH.
My suggest was $25 mill “Gilt” (what does that mean in this day and age?)was nothing compared to their National Debt and was worth a punt.
Obviously no one listened except Sammy, Percy and Robin!
They will regret it – not the fauna – Because they would have got IMHO 35%+ of Royalties instead of <25%.
They would have become A Nation-owning oil Co instead of yep one of them that didn’t have the political will.
And on that note as the BG is based on UK law – there is not a cat in hell’s chance of this injunction succeeding – IMVVVVHO.
P.S. I haven’t been drinking – my money was put where my mouth was last week @ avg2.7p as opposed to Amarone or Chablis P/C.
Just read some comments since your requestive missive and now understand why many AIM “investors” don’t succeed!
No BALLS!
GL
IK
XX
STAR -sorry mate - do most posts in word and then post as this website is not very stable.
This has been proved recently where the techies have decided to save money by not having a frontage page in order to reduce server time - to save/make more Money - short term inadequacy by some idiot.
They are going the way of II - dead in 10 minutes if they’re not careful.
GL
IK
XX
Star
I’m a bit concerned I’ve been hacked as I tried to respond to you several time..
Are you getting any - if you pardon the expression?
X
BYN
CHEERS MATE.
GL
IK
XX
Hi Folks
Star – excellent summary.
I will be less eloquent having worked for The US financial/legal system for many years.
There are always protests etc because that’s what the protesters are there to do. And the legal peeps jump on the band wagon- PPI ETC – but this is the real money one cos of the following (and I know cos I saw the money involved.) :-
Now then:-
• 400,000 peeps live in The Bahamas.
• That’s not much bigger than an average “city” in most countries I.e. it’s tiny!
• It owes billions in debt cos they lived beyond their means and did not manage their expenditure when the good times rolled. They’ve just been forced to take out more debt @ ridiculous rates as they are considered “junk.”
• They have been hit for six in recent times with CV19/ hurricanes etc.
• I genuinely feel for them and have many friends there.
• Something like 95% of US wealth is owned by 1% of the US population and many of them own holiday homes in The Bahamas. As do the legal companies (condos for “business meetings” – ref “The Firm.) who “invest” funds on their behalf there.
Now then Who has got the clout to try to save their holiday paradise?
Have to say wouldn’t put it past A Major oilie to try to put a spanner in the works either!
Ooh! There’s a thought big oilies pay US legal companies 100s of millions of dollars every year in fees – now then?
GL
IK
XX