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We would be rising rapidly now but for the huge number of extra shares dumped on the market due to the recent deals struck by the BOD. As long as they dont throw any more out there these should eventually clear and the share price should start to rise. Once it does there will be no stopping it unless they issue more shares of the drill is a flop. I have been with BPC since Alan Burns was here and have a decent holding. I still trust the board, moreso than many other BODs and I expect this to start rising once these big share dumps stop.
All IMHO
Monk
Brynjon,
Do you or does anyone else have a marinetraffic account? Just wondering because theres a 'Special Craft' sitting on top of the drill site but I can't get any details. Wondering if it might be setting the wellhead and cementing the seabed ready for the BOP.
Monk :)
In my line of work thats known as a 'load of pish'
Monk :)
If you guys are selling at 50p, I'm out at 49p and I'll take the 1p hit.
Monk :)
She'll need to pick up the pace a bit to make it to the drill site by the 15th, especially if stopping at Freeport on the way. Showing 6kts atm, needs to be nearer 9kts but well within its 12kt top speed. Rainbow warrior still sleeping off a heavy night at Las Palmas, tortoise and the hare or just not interested?
Up 25% from last Thursday, down 35% from Monday, I make that a 10% drop over a week. As I said its hardly tanking, not a lot going on just now and not much likely to happen over the next 2 months, just MM's playing. Sit back and relax its been over 10 years, a few more months and we'll see some change. Dont panic Mr Mainwaring!
Monk :)
The price isn't tanking, its just the MM's playing their games again. Yesterday was double buys vs sells, today is double buys vs sells. Volume is up, Interest is up, Good RNS is out so there's nothing bad other than the MM's controlling the share price for their own reasons. You just need to look at whats on instead of posting nonsense.
Monk :)
BPC = Bahamas Petroleum and Columbus
Monk :)
Celtic, thats 33% COS on EACH of the layers that BPC are drilling m8, work out that probability of failure....
Monk :D
Seen it all today, now Fatal and Bonum have swapped bodies!
Monk :)
I like many am somewhat confused by this flurry of buying/deals. I don't massively like the deal as it means the multibagger that was to be the PER#1 drill is now going to be a lesser-multibagger. I understand the BoD's rationale in that diversification somewhat secures the company's future if the drill fails but there are 2 things I don't get.
1. The BoD are massively confident the drill will be a success but there will be no funds available from that until at least next Spring.
2. The company wanted to go it alone or farm in to a bigger oil producer to help with costs, this deal does neither.
So, the only thing I can figure out or surmise is that lots of things were prelinked before this week. The Uruguay award was only for oil producers as such so linking up with CERP ticks that box. The Stena deal secures more drilling so the CERP deal provides more business for them in addition to the Bahamas drills. All requires more funding which would happen from a Stena joint venture/farm in.
I hope all are linked because if each is dependant on the other and the house of cards stays up, then BPC has a very firm and profitable future. If the house of cards falls, well enough said.......
AIMHO Monk :P
Are they planning to hold the Slovenian Goverment to ransom over an export pipe to Croatia? Its the only reason I can see that would be worth making this purchase.....but with AST every purchase seems to be a waste of money, followed by another fundraise...
Piece if s**t share now!
Monk :(
ahhhhh thats better, felt i needed a Bisto moment and feel much better. Gozzie put on ignore, messages almost down to a weekly catchup level....bliss
Monk :)
perhaps he realised there was no point flogging a dead horse. I've about £300 left in this share now after the reconsolidation/ restructuring/ resetting so the shares look interesting. I give AST 2 weeks to do something constructive or i'll take them out and buy a few cases of fosters :(
Monk
I've invested thousands in this money drain, no more. If you want a decent potential investment that will actually be a multibagger then look at Bahamas Petroleum (BPC). I've been invested in them for over 10 years and they've been hampered by every potential stumbling block you could throw at them (Deepwater Horizon, oil crash, government changes and finally Covid-19). They were 4 weeks from drilling a 1 Billion barrel oil field with an upside potential of 28 Billion barrels but Covid-19 and the hurricane season has put that back to the end of the year. The share price has dropped back down to 1.4p per share with a potential that is just ridiculous. I have my retirement resting on this and obviously its up to you to do your own research but i'm all in for BPC as its managed by a savvy team that don't waste investors money and is a potential Gulf size oil field.
All IMHO of course
Monk
i put a quid each way, RKH, AST and BPC have bankrupted me atm. A win should get me a free afternoon down the pub to drown my sorrows :(
Monk
Hey! Leave me out of this. There are bigger fish around here than me.
Monk :)
FFS get over this stupid media-hyped virus! Unless your old, sick or have no immune system you'll may get it but it's incredibly likely all you'll experience is mild flu (outherwise known as seasonal flu). If you're in the aforementioned categories then you may die but you probably would have with seasonal flu anyway, along with all the other 80k or so ppl that die from FLU every year that the media fails to mention.
If however, you believe everything you read in the news, then go and buy a facemask and alcohol hand sanitiser but you'd be better off washing your hand in vodka and putting a pair of pants on your head. At least then everyone would know you're a paranoid ****.
IMHO of course
Monk :)
So, the 6m sell was reversed with a - later on at exactly the same time. The 5m buy (and this is only a guess) is possibly a lot of little trades added up during the day, hence the late report. Lets see if we get another similar one tomorrow and we may have a bulk buyer hiding behind little trades....here's hoping.....
Monk :)
No, the specialist is a self rightous ar~ehole. Fatal, even with his flaws tries to tell an level story most of the time. He gets upset and rants but he is by no means a complete t@sser like the specialist/messiah.
Monk :)