Member Info for Private_Investor

I think we have had more than our fair share of Looneys (Loonies) here over the years.

saucer of milk please.
catty.

the messi(ah)
they would be allowed out more if not for the cut backs in the care sector.
Can you imagine releasing someone like that unsupervised?

today I will try to avoid jumping on my high horse.
I resolve not to try and help those who post potentially incriminating statements.

I would like to dedicate my pants to my parents, the academy and my sobriety support team.

I prefer the image of funkateer dedicating his (or her) pants.

looks like the thread from inconceivable accusing BPC of not telling the truth in the recent RNS has been removed.

it feels like it has been a long week for BPC.

Heid, good points well raised.
These have been discussed at length on the BB previously and measured against the comparative effects of a farm in.
What is the impact of initial dilution when measured against a farm in with 5% stake retained by BPC/ 20% retained by BPC...
the risks of securing funding for a single well through placing when measured against a multiple well campaign with a major farm in.

The 'other conditions' point is an interesting one.
It could refer to final approval from Bahamas Govt, it could refer to final sign off on EIA. It could be something as yet not discussed on the BB.

From the same RNS:
Highlights
· On course to see drilling of an initial exploration well in 1H 2020
· Agreement with Seadrill for the provision of a sixth generation drilling rig, key commercial parameters agreed including day rate
· Appointed leading international contractor, Halliburton, as integrated well services provider, BakerHughes GE appointed to provide a range of well-related equipment
· Revised estimate of initial exploration well cost down to between US$25 - US$30 million (or · Conditional agreement for a convertible loan investment of £10.25 million, approximately half the anticipated cost of a single well
· Proposals received for other financing alternatives, farm-out discussions continue

So whilst there are still conditions to the financing that may or may not have been met in terms of due diligence (should have been done in advance) balance funding, agreed there is no evidence to confirm this is in place, shareholder approval - given at the AGM.

if all conditions had been met and we were moving forward with a confirmed drill program would the SP be where it is today?
In my opinion (key word) the risk is priced in to the SP.

of course, the flip side....
if you are not genuine, I think I can speak on behalf of the rest of the LTHs and long standing BB posters when I say:
I hope your next bowel movement is an undigested porcupine and that it falls out sideways.
have a lovely day.

I would like to extend a warm welcome to all of the new experts on the board.
I look forward to hearing your opinions - they will be dismissed as nothing more than your opinion unless supported with evidence.

If you went short yesterday, unlucky, I hope you manage to recover some of the losses.
If you are here trying to spin negative sentiment for your own interests, shame on you.

If you are genuine, offer reasoned argument, supporting evidence etc you will be a welcomed addition to the BB.

I have been out and about today, just dropped in to see if there had been any developments.

Well, try as I might, I am struggling to find a way to give today a positive spin that I can stand behind. The only feint glimmer of hope is that if I was looking to top up today it would be better than yesterday.
I hovered over a dummy buy for 5k but did not hit the button.
only time will tell if that is 5k missed opportunity or 5k of further losses avoided.

GLA

define - day trader.
As I have definitely sold and re-bought on the same day.

they are somewhat closer than Australia....
Is there a rule against Australia winning, or as winners hosting the Eurovision the following year?

whilst not technically a 'day trader' myself I do have 2 discrete pots of BPC shares. A long term hold pot that have built up over a few years - grandchildren pot. I also added a pot to trade for the very reason the SP swings wildly.
I can confirm that in numeric terms (as I sell and then buy back in) I am up just over 40% in the trading pot volume.
I do not claim to hit the peaks or troughs with any accuracy, I do not even claim to hit every swing in price. (I considered selling when Specialist was advocating - I even posted in support of the logic for doing so - but I opted not to trade this time)
This cycle alone I could have banked another chunk of 'free' shares from trading.
There is money to be made here, maybe not enough certainty for the big boys but still a healthy enough return for an average PI like me.

B67: I treat my BPC shareholding as per most former girlfriend’s on splitting up (albeit all my fault) - you are dead to me! Clearly that is an exaggeration as i’m much nicer than that!

P_I: just in case of emergency I can neither confirm nor deny the method of disposal in they Guy Ritchie film Snatch. (I suggest removal of hair, nails and teeth prior to disposal for both your benefit and the benefit of the pigs)
Serving size - one emergency = 16 pigs....

Good point B67.
I best get saving for an airbnb deal over that way, might stop on for a few days to give the liver a real test.

I am getting a lift home with Findme after the 87p party

thanks B67. I just try to add a bit of perspective and ill judged comedy.
Today was a rough day for LTHs and could have been really bad. However, most of us have seen the SP and the business in worse shape than it was today.
We held then as we had a belief that BPC would play out well long term.
Sure for day traders this share is great to jump in and out make a few beans along the way and move on.
Nothing against people doing that. It is a way to make living.

Me, I like the story of BPC. If it falls flat, I will lose few notes but no sleep. If it flies we have the 87p party and I blow my share of the pot on a black market liver replacement. What could possibly go wrong?