1:518 Oct 2019 10:27
I was expecting 1:3 possibly 1:4.
at 1:5 I am planning to take up 50% of my entitlement no lack of confidence just a cash position. (and the risk of Mrs P_I going thermonuclear)
I think I need to re-read the RNS a couple of times over a brew, there are some big points in there to digest.
To those saying it was better to buy on the open market over the past week below 2p, there were reason against that. he point of the raise is to generate 'new money' buying open market shares does not achieve this.
All depends on your view, short term small % uptick and flip the shares make a few coins and move on vs invest in the future of the business. Both have merits, but to say one was right and one was wrong is just not understanding both sides of the story.
Newbies, welcome to the BB.
Beware the overly positive and the overly negative views on here and DYOR.
BPC are in both the best and at the same time most precarious point in their history. The next 12 months will see this share soar or die. The big question, the one that dictates how this ends is simple, what does the drill hit?
A commercially viable oil play and we are going to see BPC go down in history as sitting on one of the biggest oil plays globally.
A duster and we are in the bin.
History is written by the winners.
(you can add your own joke here about (country of your choice) having a lack of history books and a national flag of a white cross on a white background)