Member Info for Private_Investor

IOM, nice place but not for me.
If we can relocate to another tax optimised location e.g. Grand Cayman I will do a farewell tour.
no more than 3 years.
must have an office close to a golf course as my driving game is almost as bad as my putting.

so what i am trying to say is.....that life is short and this week I have tried to love every day. But Friday, I am in love.
And Monday still sucks even if you don't have the whole Monday return to work experience.
But Friday....

SP is behaving well, no volatility, no mass sell into a small raise.
Good news RNS - even if it didn't get much of a reaction in the SP.
no mass hysteria on the BB either ramper or deramper
all in all a jolly good week.

it was me.
Money is tight, times are hard, I was 2p short of my annual trading fee.

OK not really me.

I am not selling any at the moment. 4p and I will think about selling the OO shares over the agreed position with my better half.

In other news...
Its a wonderful Friday and this is The Cure.

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

Monday you can fall apart Tuesday Wednesday break my heart Oh, Thursday doesn't even start
It's Friday I'm in love

Saturday wait And Sunday always comes too late But Friday never hesitate

I don't care if Monday's black Tuesday, Wednesday heart attack Thursday never looking back
It's Friday I'm in love

Monday you can hold your head Tuesday, Wednesday stay in bed Or Thursday watch the walls instead
It's Friday I'm in love

Saturday wait And Sunday always comes too late But Friday never hesitate

Dressed up to the eyes It's a wonderful surprise To see your shoes and your spirits rise Throwing out your frown And just smiling at the sound And as sleek as a shriek Spinning round and round Always take a big bite It's such a gorgeous sight To see you eek in the middle of the night You can never get enough Enough of this stuff
It's Friday I'm in love

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

Monday you can fall apart Tuesday, Wednesday break my heart Thursday doesn't even start It's Friday I'm in love

plenty of little fizzles and sparkles maybe. like a supermarket own brand firework?
good news is that there has been no bad news since the OO. That would have been a kick in the teeth.

happy Thursday fellow BPC faithful LTHs

if we do a GKP from 1.7 (ok 2.025) to anywhere close to £5. there will be people on this board looking for property in the Bahamas.

At 20p I will be happy enough.
At 50p or more ... I am likely to 'have a moment'
At £5.00 I am probably beyond help either through delirium or through coronary.

Doesn't stop me dreaming though.

as this is BPC and we have history I have read and re-read the RNS trying to find the hidden bad news, the double speak, the ambiguity.

I think if it is in there it is very well hidden.

I will try again later but for now I give it a small letters limited o's

booom

happy Wednesday fellow drill head part owners..

agree on the value in health Bonum.
perhaps we can agree on a value to both health and happiness?

money just enables you to do and have 'stuff'.
What you do can occasionally help improve both health and happiness but can offer no guarantees.

I simply view being poor as having less than you need at the time that you need it.
I have been poor and miserable, poor and happy, rich and miserable, rich and happy.

I prefer rich and happy, I would settle for poor and happy over rich and miserable and I feel for anyone who is poor and miserable.

If my circumstances changed and I became less comfortable than I am financially today but still far more comfortable than I was in my late teens I would probably feel more poor now with more money than I did then. However at that time I felt rich compared to where I was in my early teens.
Everything is relative to what you know

having millions does not make one a pauper....normally.
it depends on the social circle in which yo live and what you ad before you have millions.
If you started with billions and only have a couple of million left you probably feel poor based on where your historic wealth was.

me I feel rich if I have 20 euros and I am in a bar selling 1 euro beer.
I feel poor if I have 10 euros and I am outside a bar in Monaco

I suggest anyone close to becoming a billionaire, or already over that line, who agrees with Labour should be free to pass surplus funds my way until such time as I approach that billionaire status. If at that stage I change my view and agree with the Labour policy I will play it forward to the next future almost billionaire.

My only flaw with the plan is that to comply fully I would need to be back in the UK otherwise with the donations I just become another billionaire expat.

I am strangely reassured by the stable share price post OO and placing.
I can't help but think that some of the placing shares would have been pushed out to the market had we been in the 2.2 - 2.4p range in the days after the shares became tradable. A very quick 10 - 20 % is attractive. As time ticks by what do these businesses need for the sell to still be attractive as 10% in days is a good return, 10% in 3 months is less attractive. Will that create pressure to unwind a position or pressure to hold the shares for longer in the hope/expectation of much higher returns?

been out for a bit of a walk this morning, just thought I would share my rambling thoughts from that solitude and time for thinking.
Any other musings welcomed.

happy Tuesday fellow prospectors.

well, JC, I am tapped out for fuds at the moment. If we see a decent rise between now and a future call to arms by way of another open offer I will have to sell into it to generate free cash flow as far as BPC is concerned.
I think it is a great prospect but if I step in any deeper there will be water coming over the top of my waders.
If they need more I hope they have an extra deep set of share holder pockets or board member pockets (friends and family can be included here) if not I hope the IIs step up at a decent SP.
Why?

because I have a 'boom' with 17 extra o's and big bold shouty caps waiting to be fired at a BPC BB. It would be a shame to see something as beautiful as that go to waste.

As a long term holder I lived the history, but my real interest is in the future.
Bring on the big boom....resisting the urge for extra o's and bold capitals for now. just.

Royalty rates:
I have a vague recollection of reading revised terms not a million miles adrift from those. I had 25% at 250k+ in mind.
I had a quick scan back but could not find it, so it could have been a 'BPC dream' I am happy to take your rates as they stand at the moment laallee,
Speaking of BPC Dreams, I have had one or two of those to date.
The best scenario was taking it to full production with quarterly dividends, swapping Cava for vintage DP in the 'to be installed on oil strike' wine cellar.
Imagine multi billion barrels, high flow rate, 25% royalties. $5 - $10 per barrel net margin. 50% made available for dividends...if I smoked I would have a 2ft Cuban hand rolled monster. If I had a cat it would be white and fluffy. Most importantly I would have an en-suite added to the master dog kennel wing. I might get out of there with BPC oil but history tells me it will only be a matter of time before I find my way back. Be prepared as they say in the scouts.

Speaking of the Bond family, I know Basildon well.

IK, 65, congrats. Just another number along the highway of life.
Hope the personal issues resolve positively.
Echoing INC you will be missed if you take time out but supported and welcomed on return.

in terms of SP, I think it has done well to hold the coat tails of 2p. Expect it to trade between 1.8 and 2.4 before any news flow. No science, just feel and opinion.
Hope to have a BPC Christmas Prezzie RNS some time between now and end of Advent. Who knows, maybe an RNS advent calendar, one a week starting Monday 2nd December. All good news flow please Mr Potter with a big flashy lights RNS Monday Jan 6th.

must be mince pie time.

Casshy, it has been a frustrating share to hold, no disagreement there.
Also agree on the risks around this share, they are there, some are fundamental risks (no oil in the trap) others, political, financial etc are fluid and change with the winds of time.
I think the company have addressed - or made efforts to address - the most pressing in terms of getting drill ready ahead of the licence obligation.

the beagle is stranded.
(translation - they are now tradable)
I will try to get out of the dog house if we see 3p this side of Christmas by selling half of the OO shares (value at OO not volume) if not I will at least try to make it a bit more comfortable in here.

still waiting for mine to show. clearly on the wrong platform.

not going to attack the poster, just the post.
the SP will not, and indeed cannot be 2p for years.
As Scsiborg points out, next year BPC will be transformational. One way or the other the share price will move quite dramatically.
why?
well, BPC have an obligation to drill, there is a ticking clock on that.
If BPC fail to drill, whilst not the death knell it will cut the SP off at the knees as they will be in breach of their licence obligations. They may negotiate an extension but it will likely come at a hefty price.
If they drill and hit oil then we are into a different ball game, no longer a prospector company.
If they drill and come up empty then things look very bad without having a farm in on the hook.
If they drill and things look interesting but not a productive play, then with a farm in we may get another bite with a better view, without a farm in we are bag to the data room with the begging hat out again. The conversations will be a bit different to now though.

However it plays out, I can almost guarantee that this time in 9 months the SP here will not be 2p +/- 50%.

It is almost always a good sign when the pump and dumps or doom mongers turn out in force.
Don't get me wrong, I like a well reasoned conversation that challenges the SP valuation. If someone has a different view to mine and can present it well I would be a fool not to take time to consider it. I am wrong at least as often as I am right.
Take my view on the best sandwich in the world, left over rib of beef with horseradish. (rocket or watercress optional) I am happy to consider the views of others. They are wrong but I am happy to discuss the merits of other fillings. The list of options is long, distinguished and interchangeable, who knew you could throw together crab and avocado? Why would anyone ever consider Nutella?