The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am really surprised that the share price has only fallen this low this morning. I expected it to drop 20% at least.
ShareScare Leo Koots promised us a market cap of 500mil for cerp assets within 5 years. This was in 2017 so by 2020 all cerp assets should almost have been drilled. Now we have merged with BPC i expect £1 share price by 2022. We shall see soon what do you think?
Regards Limopete
ShareScare i mean spud results after drilling, wasn't very clear was i.
Regards Limopete
Bigoiler i really dont think it will be a buy at 1.9p its nearly there already. May even go below the 1.9p to 1p at this rate until spud
Regards Limopete
The rate this share is falling it cauld end up at 1.9p by Thuresday
The rate this share is falling it cauld end up at 1.9p by Thuresday
laallee wake me up when it hits £1 not 12p
Regards Limopete
Bolton16 from what LK said it should of been £1 now so 40p should of been way back.
Regards Limopete
The Tribune.
#After careful and extensive research into the oil industry and the safety measures available to ensure that there would be minimal possibility of an oil spill during the drilling of a sole exploratory well by your firm in Bahamian waters, I and my assorted nonprofit organisations, Common Cause and The National Republican Arena (ARENA) have decided to publicly support your efforts.
#I note that several so-called environmental groupings and fringe off shoots, have called upon the central government to cancel what would appear to be valid Heads of Agreement by force majeure (an unexpected or intervening natural phenomenon).
#The arrivals of Hurricane Dorian and now COVID-19 have been cited as such aspects of force majeure.
#We do not agree with this bogus posture for several reasons.
#Firstly, the onetime exploratory drilling is restricted to one well which, if samples are procured will immediately be capped.
#Secondly, the area where the drilling is slated to be done is not a recognised marine protected or sensitive preserve.
#Some 90-odd miles away from Andros, thousands of oil tankers and other huge vessels traverse that area every day of the year, without any major reported incidences of oil spillage or substantial leakages. The Cay Sal area is ‘protected’ but a balance must be found.
#Thirdly, and most importantly, The Bahamas is in a severe financial crunch. We (ordinary Bahamians) need all of the financial resources which we may have to be utilised for national development and reconstruction.
#While I am able to understand the bulk of the concerns of opponents, the question that begs an answer is: Where were these so-called opponents all of the past several years when the negotiations were going on and while the stocks were being publicly sold on various stock exchanges? It is not as if The Bahamas Petroleum Company was acting in a vacuum.
#Fourthly, to move for a Judicial Review after almost a decade of setting up and financing the anticipated exploratory well drilling operations and having expended millions of dollars/pound sterling by the company (based on a legal and valid Heads of Agreement with a competent Bahamian government), the wrong message would be sent to local and international companies that would want to do business with the government of the day.
#It is incumbent that at all times the word of a PLP or FNM or anything other administration must be trusted and enforceable.
#The contractual commitment of the government de jure could not be accepted or guaranteed… in other words with legal certainty…no more, no less.
I have an urge to buy 1 million bpc tomorrow morning. My gut feelings telling me go for it not sure why.. So strange so strange very strange..
Regards
Limopete
GarryGraham
Your completely write, someone who actually makes sense on here
Regards
Limopete
Purvis
63 not old
Regards Limopete
khonsu
£1 seems reasonable to me ??
Regards Limopete
onlybpc
Like your reply back. Seems a lot of bpc share holders cannot grasp the mc doesn't necessary determine the share price. Take a look back on cerp mc which was very low at the time with a high share price over £1. Its many factors that push a share price.
Regards
Limopete
Sol633
No need to be a huge find or consolidation to hit £1.13
Cerp hit this back in 2017 with little and still could of as it had plenty of great assets which BPC has. Also bpc has p1 and a few other of its own assets which should yield great potential in the end. So realistically £1.13 can be achieved quite easily by bpc on its own without consolidation.
I expect bpc to be 7-10p just before xmas if not way more. Then next year end £££
Regards
Limopete
Sol633
I'm also out of here when i hit £1.13
Regards Limopete
laallee
I hope it hasn't got 12p written all over it.
Regards Limopete
Rossannan
My target is way beyond yours, mines £1.13 minimum.
Regards Limopete
I buy in again when it hits 0.85p again, not long now.
Regards Limopete
rossannan
5p share by 2021 is crap i expect much higher, plus ceprs mc supposed to be £500m from what we cerper's were promised by LK
Regards Limopete