The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Cars
8pm your time.
Cheers
Patoir
Cars
Any insight as to what Dr Minnis will be saying in his national address this evening?
Cheers
Patoir
Cars
I’m happy with my understanding of the latest funding update. Also happy with the funding (already announced, but) still to come. Co have been overt with their strategy in my eyes.
If you’re a Bahamian resident (as I believe you are) please keep your ear to the ground, as us fellow longs are wishing for a country making strike!
Cheers
Patoir
OultonMike
Spot on!
Cheers
Patoir
Tiburn
No reason why a consortia could not be formed, even during the drill.
No way the Co haven’t got offers ready to act on .
I’d say with HC shows, potential partners will likely join us, thus removing their initial risk, but also having access to what they perceive as a big win.
No way can anyone convince me that we don’t have at least one Super Major and other majors hanging on our coat tails.
If rumours are correct, we’re in oil already, should make the next few days exciting.
Cheers
Patoir
Ross
There’s 313 posts today, I’m confident you’ll find a few. You can take credit as not being one of them!
Cheers
Patoir
Can’t understand why many posters are so surprised with the extra issuance.
At the same time, the Subscriber has provided an initial subscription notice in the amount of £3 million, and has waived all conditions in respect of that subscription other than that the well has spudded by 28 December 2020. In parallel, BPC and the Subscriber have agreed the appointment of a trustee to hold the Notes, once issued. This initial subscription notice satisfies the requirement noted above to subscribe on an unconditional basis for at least £1.5 million of Notes prior to 30 November 2020.
The net effect of these variations to the Conditional Convertible Note Subscription Agreement is that, subject to the spud of Perseverance #1, BPC will receive £3 million of additional funding shortly after spud, and (subject to satisfaction or waiver of conditions precedent) expects that it will receive at least a further £5 million in mid-January 2021 (that is, during the course of drilling), and will have access to the balance of funding (£7 million) at the conclusion of drilling operations (that is, at the point in time at which final actual costs of Perseverance #1, including contingency requirements, will be known), with BPC retaining the right, at its election, to scale back up to 50% of the Notes prior to drawdown.
This Thursday will do. No need for any more cash from Lombard Odier as we have just banked a cheque for 100m!
All the very best to all posters and readers of this board!
May we all experience a better year than all that have come before.
This is the time for all to be happy and join in each other’s happiness, no matter what views you have!
Best regards and best wishes
Patoir
Investinvalue
Where do you get the 9:30 time from please?
Cheers
Patoir
Findme
They will I’m sure, but not sure of when? Could be today, but doubt it? Most likely Tuesday next week at 7am?
I think we’ll find out tonight in the press though, if they’re working of course.
ATB
Cheers
Patoir
Findme
We cease trading at 12:30 tomorrow. That’s 7:30 am Bahamas time.
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Patoir
Brutal
No I don’t think we will. I’d imagine it will be after trading hours, only if the Bahamas press are working Christmas Eve though.
Cheers
Patoir
Jimtheknow
Have said it to friends, but it’s lost on this forum.
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Patoir
Bynari
As always thank you!
Have you been watching closely? Any idea if they have the drill spinning?
Cheers
Patoir
Bobot/ Bobsmith
Old news from yesterday and April.
All noise and won’t affect the drill, which incidentally has started (or is just about to).
Cheers
Patoir
Hi Linton
I hope you are keeping well.
You set up a thread a while ago and if I’m correct it was for spud price predictions. I’d love it if you have had the time to see a list of predictions.
I think mine was 6.66?
Happy to help you compile it!
Cheers
Patoir
PS I’m assuming spud this week!
Bynari
Much obliged!
Patoir
Somm
My buy (400k) showing as a sell also.
Cheers
Patoir