Member Info for rossannan

Exxon, 12p ahead of the drill result, 113p after the drill result. You guys are the lifeblood of my pre-drill excitement trade. Goodness knows what you will be like when the IceMAX actually sets sail! I won’t say keep up the good work because I don’t think it is good work (any newbies looking in should be very wary and do their own research) but this is what it is, it was inevitable and it is what makes the pre-drill excitement trade so compelling.

Limopete

Good luck.

Bully1985

Got you. My target for my SBs is 4.8p, might look for a little more than that for my real shares if it is going well but not interested in being in after spud, even just a little bit. Too high risk for me - I will be more than happy just to double my money on the pre-drill excitement trade.

TheRiceman

It is a percentage of the value of the position, hence the increase.

Bully1985

So presumably you are planning to de-risk on or before spud? What is your price target for that? Are you just aiming to be in for free with the rest or will you be looking to bank actual profits at that stage?

https://www.thearmchairtrader.com/five-gold-mining-stocks-we-like/

Understandable.

bynari

It’s a fair cop, you’ve got me bang to rights. Can I ask that my armatrading, chrishutch, brynjon, johnsonmfc, Petrodollar, onlybpc, comeonvog, Tiburn, sysi12 and willec aliases also be taken into consideration?

Obadhia

No. Whenever there are comments about the ex-CERP assets (or P1) that I disagree with, I will be counter-arguing, even though this often, in the case of the ex-CERP assets, means going over old ground. I must admit that I am surprised by the extent to which this BB’s native BPCers seem to have taken the ex-CERP assets to their hearts, but I will do what I can. I would recommend anyone who is bored by all this, such as yourself, to deploy the filter button.

Obadhia

I am simply saying what I think. You are free to disagree and make counter-arguments. What I think right now is that I am going to more than double my money before the end of the year. What a downer.

Is saying what you think not the purpose of these boards? Ramp-only echo chambers don’t tend to serve retail investors well - be careful what you wish for.

Obadhia

As long as there are comments about the ex-CERP assets that I disagree with, I’ll be chipping in, whether I am invested or not. For example, someone the other day was talking about the resource that potentially lies deep under Goudron. Folk like me who have been around these assets for a while (now over 10 years in my case) know that the current Goudron licence in fact only goes down 5,000 feet.

Once you have put the time in on a share it is worth keeping an eye on it (or its successor) and engaging with the news flow, even if you no longer have a position. You never know when it is going to offer up an opportunity, long or short.

Tiburn

No worries. At the end of the day, as I said before, the ex-CERP assets are just a sideshow here, however folk on here and even BPC themselves choose to spin them.

It’s all about Marine Traffic...

I’d buy that for a dollar.

Tiburn

The accounts of TAQA Bratani are available online. Worth a look. Seriously, you need to look beyond the press release.

willec

Saffron 1 did.

offerman was right to pick up on the significant difference between CERP’s historical spin on the SWP and BPC’s take on it in that recent RNS. At the end of the day though the SWP is a sideshow here and its stall won’t even be open when I exit. If folk want to set more store by these assets than they should, that has to be their lookout.

AudibleEnergy

Fair comment. In the meantime, I have just bought my final slug of 180,000 real shares (90,000 x2) and my final slug of £700pp of spread bets. Exposure to 2M of these (1,680,000 real shares and £3200pp of spread bets) is enough for me. It is still more than possible for this to drift but eventually the IceMAX will move (and I remember what happened the last time it did - even though funding was at that point much more up in the air than it is now). The IceMAX should work its magic long before the ex-CERP assets have the opportunity to disappoint.

willibobs33

I guess some folk are not going to make their move until they see momentum or they think that significant news is (genuinely) imminent. In the meantime, the sp could drift again. I was still happy enough to pick up another 250,000 (2x 125,000) just now. Sub-2.5p feels like good value in terms of my trade.

seems to be problematic again - it is hard to tell whether your posts making it to the BB or not.

A little surprising. A slow burner perhaps, or maybe it’s just a case of see you next year.

out from Arden Partners, apparently.