Member Info for Private_Investor

one thing for sure, if we announce a farm in before the OO is complete it will be massively over subscribed. Even I will ask to take up my full allowance. Do not share this news with Mrs P_I she will have me in the dog house faster than you can say 'Flash, ahhhh'

Another one bites the dust
Another one bites the dust
And another one gone, and another one gone
Another one bites the dust
Hey, I'm gonna get you, too
Praty 1 bites the dust

I hope for your sake you are a deliberate wind up merchant.
Then whilst vile it would be explainable.
If not then I pity you for feeling that your post was OK.

I don't normally approve of reporting posts but in that instance I am happy to make an exception. Thank you for keeping the board decent and humane.

Open up your wallet and let BPC step inside
Rest your weary head and let your heart decide
It's so easy when you know the rules
It's so easy all you have to do
Is fall in love
Play the game
Everybody play the game of love
Ooh yeah

I refuse to butcher this one quite so much...
but it ties my Queen bit to my monopoly post.

I was not sure if Fatalbert was Fatal Bert, or Fat Albert.
Either way he did not have your 'Charm'

Do we need to address you as Your Royal Highness IK of Bohemia then?

We could have been (a board full of) Kings and Queens. A bit of a Paloma Faith nod just to retain the musical theme of the day.

Ha way the lads.
Or something like that.
Magical place Newcastle. Not met a Geordie I didn't like, even if some of them took a few meetings to fully appreciate.

I thought I was taking a risk messing around with a Queen song but I could not resist.
I would have picked Abba but they butchered their own lyrics...how's that for controversial?

either that or Queen fans biting their tongue as I mercilessly butcher skilfully crafted lyrics for my own amusement.

Also appreciated PoC.

I think there was something in the draft EIA agreement that covered drill partner approval from the government. I would expect that BPC have worked with the government throughout the process of appointing SeaDrill and Haliburton and that as partners they have outline approval in advance.

I've bought some shares,
time after time,
I've done my research,
I've read every line.
(altogether) and bad mistakes,
I've made a few,
I've backed dusters with sand kicked in my face,
but I've come through.

(you know the rest...)
BPC are the Champions my friend's
We'll keep on holding till the end.

In all seriousness, like most on this BB I have a dark corner of my portfolio called 'high risk' all of my explorer O+G and frontier mining plays sit in this pot.
As a general rule I try to keep it to 10% or less of my total pot, the open offer will take me above this even with the reduced allocation I am looking to take up.
Some of the less imminent high risk shares will need to be re-assessed.

DP, whilst I will follow suit and suggest you watch the interview with Eytan in terms of fund raise gossip I will also second your concern in terms of the government in the Bahamas allowing BPC to go it alone without a major.
With the major there is a contingency fund in place should things go wrong, the question I would have is how much of this is through self insurance and how much is through institutional insurance - a market that although costly would be open to BPC with the drill partners.

It is a good point and worth further thought

I had a grand plan to respond in Bahamian Creole. Oddly it is not a simple translate from google.
I would feel sorry for the shorters if we did hit the perfect storm. Or at least for those who are short and open and genuine on the BB about it.
They are just trying to make money. So are most (all) of the LTHs, just that some see the win as making money, others see the win in oil (confirmation/production) with financial gain a by-product

Irgendwo unten ist Öl, und wenn wir es finden, verbrennen wir die Shorter

I never knew the German for horseradish.
somehow it never came up in school German classes nor in my very brief time working over there.

3yrs+ colouring book.
I did one of those a while back. I was over the moon, I had it completed in less than 2 yrs. That said I had gone outside the lines a few times and some of my colour palette choices were questionable at best.

Have a great break IK. Nothing like grandkids to keep you feeling young, such a privilege to be able to give them experiences that so few get to have as children now - some simple, some idealistic, some just outright spoiling and they all have merit.
You forget just how much fun jumping up and down in a muddy puddle is until you go back and re-live it with them. I make a point of doing silly things like that with them if we get a good wet day when back in the UK. (we have done sandcastles on the beach in the rain over here - the locals probably think we are mad but once you are soaked what is the difference? Skin is waterproof after all)

Jim, I have considered trading my smaller pot over the past few weeks but, we are so close here to an event that could see getting back in more of a challenge. Imagine sitting here as a LTH selling out with a view to buy back and being the wrong side of the line as a farm in deal is announced.

No, for me FOMO is beating logic at the moment.
Getting my trading thrills in the banking and retail sector for now.

OK...here goes, tin hat on, bubble wrap envelope tucked into rear of trousers. Are we all sitting comfortably? Good, then I will begin.

I do not have the free cash to take up OO on a 1:1 ratio. I could just about get there on a 1:3 but 1:4 would be comfortable and is in the region I would expect to see from BPC. (1.6bn shares in issue, at a 1:4 OO that would be 400m shares at 2p = £8m - less any expense and anticipated shortfall gap to be funded post offer possibly at a favourable rate elsewhere)
If I had surplus free cash then I may be tempted to take up additional shares now and still take up full allocation in the OO. As it stands whilst I would like to take up the OO for my allocation I am not sure I can justify putting that much additional cash in here.
I have set a cap at an additional cash figure that I am happy with, but it is only just over 10% of what I have in BPC already.
I hope others are more cash rich and risk ready than me or we face an OO shortfall.

I still have high hopes for the BPC prospect so can only hope that the OO is over subscribed by others or that BPC can still somehow pull a rabbit out of the farm in hat.

adopt the position and brace for abuse...

POC - just because the directors hold the shares they are under no obligation to take up that offer.
The only commitment is to the tune of 250k in the event of a shortfall.
There are PIs on the BB who hold more than the BODs as individuals. We are also under no obligation.
It would be a very powerful message if the BOD did cove all of the shares under the offer plus the additional 250k. But again they would probably then be accused of lining their own pockets.
they can't do right for doing wrong sometimes.

Still sat on the fence.