RE: GBP11 Dec 2019 20:09
95% of the time is about correct, so what is the issue if Jim and I appear to be the only ones spending our time sharing info and bouncing ideas of each other? Anyone can join in if they wish. I know we have learnt a lot by doing this so i'm not going to apologise for using this BB for what it is designed and intended for. Personally I'd rather it be regularly over a pint but somehow I don't think we live in the same town so this BB will have to do.
I agree with 'aim is a casino', hence the continual shared research so I don't miss something positive or negative that could change my view. I imagine Jim is the same.
I have made a final decision on the history of the company based on other CEO comments such as that from Keith Hill or Daniel McKeown of Azinam who point out the exploration industry was (and still is in many respects) on its knees and any small caps still around have done extremely well to survive.. GBP still has no debt and little cash but I have pointed out in the past GBP is reliant on a farm out to progress. GBP state this themselves.. It is no secret. (Subject to a farm out to just acquire 3D on 29 and the east of Welwitschia).
I have added the words... hopefully, imo, fingers crossed when it is not fact. Any news/research that I see as factual are always accompanied with links. Anyone reading can make their own decisions on the info shared and talked about but if someone posts something I know to be factually incorrect, excuse me for pointing it out but I have committed cash and own shares in the company.
The greater amount of info we put up and bounce of each other is actually about what is happening beyond our licences. It gives clues as we step back and look as to what is happening in the bigger picture. e.g the regional seal, how it affects our neighbours, how it affects us. Understanding what has happened to all drills and the failures in the region is paramount as an investor, after all, there failure could be ours.
The share price is popping up & down a bit in a narrow range but basically going sideways. This is not currently a share for traders but investors who like high risk/high reward, You wouldn't put your house on it.
There is plenty of positive news from the perspective of looking at the region which is FRONTIER, the majors have arrived and will hopefully solve the puzzle. Only 4 drills in the Walvis Basin have drilled through what is only VERY recently been understood as the regional seal. It is virgin territory and right now (unlike previous years) GBP do look promising as our targets are below that seal unlike what I see with our neighbours such as ECO, PCL, TLW, AFE in PEL 30 & 37 for example. Ideas on prospects in this frontier region may have turned 180 in our favour?.. that is what we are trying to discover as this may lead to finally completing a farm out? It is hope based on regional research, recent events with TRP, drill results, drills planned and why and finally on new data/beliefs
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