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From a holder back in BPC, for years before the drilling disaster, and sitting on a 99.63% loss...
I wish you all the best of luck for a farm out and a great return. We all know this company bummed out big time and probably will again... If my loss ever hits 90% I'd be surprised so please accept my lack of enthusiasm here.
Apologies if already seen.... Wirral Council as Administering Authority for Merseyside Pension Fund.... really??
10. In case of proxy voting
Name of the proxy holder
Wirral Council as Administering Authority for Merseyside Pension Fund
The number and % of voting rights held
417350000 3.98%
The date until which the voting rights will be held
Until sale of shares
11. Additional Information
12. Date of Completion
03-Nov-2023
As someone who has lost a few grand on this from the days of high hopes and false dreams / rampers etc... I came onsite today to see what this has become having last seen at 0.09 and thinking it can't get lower.
Oh how they continually manage to surprise me. I actually laughed at 0.0525...
Two ways for this - crash and burn, or make a few quid on it. It is not worth the risk of the latter.
This has been an awful share to hold for very much over a decade. Existing holders all know we took a punt with the Bahama's drilling and it failed. That's the nature of the oil game.
How the financials have been handled is disgraceful by the company. So many pay-offs and bad decisions that have been well voiced. Oil prices, as Briggsy says, has nothing to do with this share price. This is all about the ability to produce the product - then it will be impacted by barrel prices.
So leave us holders to cry into our 98% loses - we've seen every super hype or disgruntled poster. It simply isn't worth selling shares now.
Buyers - well, you can pick up the same amount of shares for a few quid that cost thousands. Is it worth the punt? If you can afford to lose that money - yes... it may come in one day. Remember that some of us have held for nearly two decades.
PLEASE listen to the Druid... as one of those pitiful fools who have been on this withering failure of a company for long over a decade and who's shares are now worth about £500 (I use "worth" in the lowest form of the word)...
Do not do anything. Don't buy, sell, promote or generally provide false hope to anyone. Starfish had a Masters in this and is probably liable for £100,000's of lost investment "please do not invest on my recommendations and do your own research"... what a get out that was.
Bitter? I'm surprisingly not. I made the choice to invest/gamble based upon a high risk strategy and the advice of the likes of Starfish.
Just don't do it - invest in windfarms, glow in the dark goldfish, 3 wheel golf carts - anything but this.
There's only a handful of reasons I will come on here now:
• A positive or negative RNS is announced
• The company goes bump and an emotional goodbye party is held by us all
• Father Christmas is found to exist and he’s shown the BOD exactly where the oil is
I'm happy to keep hold of my shares - only because they're worth less than an old Ford Ka now.
What I'm not happy to hear is "you lot on here should be looking long term and narrow short term views". What is "long term"? I've been holding shares for over a decade.... is that "short term"? In the life of a star maybe... in human years - that is definitely long term.
Completely pointless to do anything with this share.
Most of us LTH with any decent holdings have lost 90% plus. What's left, in the overall scheme, we've probably mentally written off anyway.
Hold on. Completely lose what's already seen as lost when the company goes bump or have a pleasant surprise as a triumphant turnaround means we only lose 75% of our investment before hysterically and manically laughing as we sell up.
We can't sell. We'd be crazy to buy. Most are down 95+% down.
Where's Winston Churchill when you need him.
Just hold this and forget about it. Hopefully in a year or two when we see it in our portfolio we'll be able to go "ooh that's £100 I forgot about...." maybe the losing £10,000 will have been forgotten about by then as well...
I no longer squeak at this share - whatever it does.
It's more likely to need a defibrillator than worry about overworking itself.
Just to jump in on the Starchild debarcle this morning. How anyone can say that SC doesn't evidence what he says when he presents detailed information is ludicrous. Where these are stated, usually these are accompanied by the source and always "DYOR".
If you get upset by analogies into the current state of the shareholding or company as well... just "wow"!
I am as negative as the next person about this share being a VLTH and having lost well over 90% on it. I sit and read this forum waiting for posts with sources... currently there are perhaps 3 or 4 people who do this. I don't - hence why I sit quietly (usually!!).
RNS's are key. Simple as that. God love conjecture... but he'd love it more if it was constructive.
I always look for SC's postings. They are well researched, insightful and offer good opinions and communications.
Surely this post though is the most awful piece of padding out you've done fella? Was this because even you have lost ways to gild this bottom droppings of a company.
Either don't post, which would be missed, or post meaningful comments. Don't distract from what this share currently is. It's a deeply flawed investment that will require years of time to simply return LTH's faith... let alone a profit.
I visit this forum most days and sit quietly watching the rampers/de-rampers clash heads. Then read the sensible posts with actual resources to backup any statements (thank you SC).
Is everyone so fed up or bored of this share now that even posting negative/positive thoughts is a task.
I'll get back in my box now and wait on the next RNS.
Does anyone know how to get "live" updates from the Extraordinary General Meeting?
I hope they read your post too SvS.
I'm not Eddie Izzard - I can't keep running these marathons....!!!
As a very LTH, and I really don't have the expertise of the rampers / de-rampers (if they have any)... one thing I have noticed over the many years - the SP always drops back at the end of a day of high percentage climbs.
With no news... I expect it to do the same today.
This is the holy grail of posts... except no-one knows what that looks like either.
If you post facts about 5000ft etc, please back it up with some facts / references. Then I'll pop a cold one in your honour!