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and the new to the board professor of doom has not been on to do an 'i told you so' victory dance.
Do I think they had some validity in terms of dilution impacting the share price? yes, in a normal share under normal circumstances.
BPC is in that odd space where it cannot be valued on its fundamentals, in many respects the share price is of little importance day to day at this stage.
The PI (general not poster specific) sentiment is such that people are aware a drill is looking like the most probable outcome (funding mostly in place, Bahamian Government would welcome the revenue stream) . Once that 'almost certainty' is confirmed or killed by an RNS the SP will jump.
Before then it will bumble along on a slow gradual upward path as the number of days left in the window of opportunity to buy in decreases. There will be milestone RNSs that will cause excitement and SP ripples, spike and fall back, but the trend will be positive.
The SP will reflect more and more the potential value of a positive strike once the drill is underway.
everyone will have their own calculation of potential value for that positive strike. We will all be wrong.
If you see a fair value for BPC on success of $0.5bn (example only) then if the SP gets into the 12p-15p range during drilling you probably take your money off the table. Not much point trying to wring out the last few fractions of a penny against the risk of bad news when you are already close to your expected full value.
Unless, by that stage we are looking at drill 2? What then?
Me, I am a gambler, I am like many others here till we know the results at least.
Then, buy out, producer, farm in to drill the rest of the potential locations...
until then, we have good posters, a bit of banter and the prospect of Langans in the spring.
stay safe and well, Mrs P_I has had a G+T already so I am safe to have more than just one drink tonight, on that note I am off to check we have ice and i bid you all a good night.
Laallee: I am way too old, jaded and long in the tooth to dream about BPC
I'll rely on an RNS and even then I won't believe it until it fully transpires.
Let's get the rig "built" then see what comes.....
just make sure when the invite drops for sandwiches and a glass of red you believe that and rock up reasonably close to 'on time'
i think there are a good few invested here that are also either invested in or sideline observers of MATD, UJO, CLON, UKOG, JOG, RBD, RMP, RKH,.....the list is long and distinguished but not exhaustive.
Many have been referenced here, some tipped occasionally, some ramped shamelessly. Bryn keeps a log of the more heavily plugged ones in a fantasy portfolio.
personal view, no harm in a mention of things going on elsewhere, or other shares that may be of interest to the BB.
Once it is on the agenda trust the BB community to DYOR etc
They can always PM a poster or post questions to them on the relevant tipped share BB.
take care IK, I am off to break the seal on something scottish. Just a wee one before turning in.
Anymore and Mrs P_I will have me in the dog house for snoring.
IK
just trying to keep you the right side of the naughty boy admin rules.
We all know that you just want to invite IT to join you in a game, make up the numbers, we are all getting a bit older and need a few subs to keep a game flowing.
However, there is a risk that those who don't know might take it as an unintended threat.
It is all in the perception.
I suspect IT maybe a fragile soul behind the brash posts, the sort that can dish out but call foul when they are called out.
The BB would be worse off if you got hit with a short term spell on the sidelines by the admin team.
IK don't sweat the little thing.
It won't be here long.
At some point it will sell it's entire holding here and buy a bag of pic n mix for it and all it's friends to share.
If it buys 3 they can have 2 each...
IK off topic (honestly)
Ever noticed how some people stand with feet spread wide and hips thrust forward when using the urinals?
I suspect there is a perfectly reasonable biological need to do this.
Or it could just be to avoid getting wet feet.
Could there be a link between damp feet and angry posters?
I prefer the comedy take on Bush quotes.
Proudly claiming at every opportunity that he was 'proud to be a merkin'
very good quotes Bryn.
Any good ones out there from donald trump?
ok, any semi reasonable ones?
ok, donald duck?
IK your mentor was so close to mine.
I was told that you never fail.
You either succeed in what you were trying to do or you learn something valuable for the thing you are doing next.
Needless to say i learnt many things in preparation for what I was going to do next. Furthermore, I mostly enjoyed the lessons along the way, even the more painful ones.
I think both mentors probably picked it up from Theodore Roosevelt. 'The only man who never makes a mistake is the man who never does anything.'
Glide: Didn’t mean infer that your choice of Johnny Blue was pretentious.
By the way have you tried the JW Select Cask editions. Just wow, slight hint of vanilla and coconut, smooth and rich. Too rich to have many, a lovely hold and sip tipple.
P_I: I do like a nice scotch. It is a winter evening drink in front of a real fire. JW red black gold blue or even some of the silly money stuff all have a place.
I am as happy with an old fashioned made with scotch 2 notches up from paint stripper as I am with a single malt if in good company.
Was introduced to a grapefruit Manhattan last year. Very nice twist.
Kids always learn best when they fail or make mistakes.
Some mistakes cost more than others, they are often the ones best not repeated.
Laallee:
with any luck it will be a giraffe. They are up and walking around in an hour and bordering on independent in a matter of weeks.
Either that or you could get an ultra modern gender fluid non binary human...the world has moved at great pace in some areas during my lifetime.
P_I: now, did anyone mention what is happening on Thursday....?
the sun will come up just the same, most people will make it through the day unscathed. Share prices will rise. Share prices will fall.
but Friday...
I don't care if Monday's blue
Tuesday's grey and Wednesday too
Thursday I don't care about you
It's Friday I'm in love.
Perv # 1?
I'll be the judge of that!
Laallee.
I am tempted to register a new email just to give your previous post an extra thumbs up.
now, did anyone mention what is happening on Thursday....?
the sun will come up just the same, most people will make it through the day unscathed. Share prices will rise. Share prices will fall.
but Friday...
UJO is another that looks to be waking up again. Also on the share tip losing list I suspect.
Not a ramp, not suggesting it is worth doing anything with, just a casual observation.
I agree, it is never a bad move to lock in a profit if you are happy with it. If nobody traded shares the market would be far less interesting.
I even support day traders when they are genuine in terms of posts.
Wouldn't it be nice if one dropped in on a random BB, said, I am planning to flip this share today. It is no better or worse than it was yesterday or will be tomorrow but I can make money out of the volatility I expect to see today because of a reported shortfall in the harvest of antipodean blue beans. GLA, I'll be back tomorrow if the volatility continues.
as if they would be so genuine.
welcome to the Board Muel.
there are several very well informed posters on here. They are generally very good if you have any questions on the technical side of things. A good mix of both industry knowledge and financial instrument knowledge.
Generally a good group of posters, the odd rogue is to be expected but we have a BRYN that keeps things in check.
In terms of buying more and timing, if you already have a target value to invest just look to take advantage of SP dips as and when they occur, a 10% dip on purchase price could be worth a lot when the time comes to buy.
Normally there are opportunities to trade the share - for the brave/foolhardy - but when it starts to move it moves fast and becomes very sticky - as you have seen when trying to buy in.
3 forward steps, 1 backwards step, 5 sideways steps and repeat on the way up the share price mountain.
Jump and slide on the way back down.
pretty much sums up my time as an LTH of BPC.
I have no concerns over minor SP wobbles from mythical tree shakes - i do believe they happen. I have no concerns over MM holding price for as long as they can - i do believe this happens also.
I do have a concern that JWB may need to well stocked before we descend upon Langans.
I confess not one I have tried but I do have a Macallan Enigma waiting for an excuse. Apologies to purists but I like an ice cube in mine. I know, I am a heathen.
Good points well made Star.
But the inner child in me only read this....
If BPC does really well I might be able to get a Hummer.
My post was entirely pointless and only served to counter my musing yesterday that BPC was being acquired by UK plc.