Member Info for rossannan

bigmj

Is there any prospect of you and other large holders doing something about replacing the current BoD? Fresh eyes may be needed to make the best of this situation.

ragnarlothbrok

This is kind of where I’m coming from and why I started nibbling at this one today.

Muffin15

Good post - this is a jam today market.

Muffin15

Good summary. This kind of proposition is out of favour in the current market. Doesn’t make it a bad proposition.

JDavo

“to achieve and potentially exceed a production level of 2,500 bopd by the end of 2021”

Arguably that is just Simon Potter repeating a Leo Koot sales pitch. You talk about over 2p per share but, as I’ve said before, any attempted valuation of the ex-CERP assets would benefit from using TRIN as a comparator (roughly £45M MCAP, roughly $17.5M net cash). The key figures are all in the RNS that TRIN issued this morning.

Petrodollar

“The immanent Cerp RNS should see us back above 1p soon enough, imo.”

Any attempted valuation of the ex-CERP assets would benefit from using TRIN as a comparator (roughly £45M MCAP, roughly $17.5M net cash). The key figures are all in the RNS that TRIN issued this morning.

is still an out of the money option on the oil price, I guess. But the oil price is getting closer to the level at which it will make SL (or some version of it) happen.

Certainly expensive if you are focusing on where it is now. But the growth story is becoming more credible.

Perhaps the market is only interested in the short term consequences of this news (and the gold price has of course taken a knock of late). I certainly feel a lot better about my position here than I did yesterday. Hopefully the market will come round in time.

WTI is touching $57 and TRIN is 11-11.5. Aaarrrrrggghhh!

Not much traffic on here. I am encouraged by today’s developments but the market seems indifferent. What am I missing?

Yes, time for another wave of speculation here.

This has been on my watchlist for years. The market clearly can’t see past that AISC. Fair enough - it is not great. I can’t help wondering whether this is an opportunity though.

At $55 WTI (near enough) this is a very frustrating share. On or before Monday it would be great to have some reasons to be cheerful. We don’t want to go over old ground or have a rehash of plans we already know about.

But when?

Anyway, nice to see WTI firming.

Fair comment, it’s not about whether Reddit can do the heavy lifting (on their own they clearly can’t) and more about whether they can be the catalyst for something that arguably was eventually going to happen anyway.

Took my 15% here. I will regret it if Reddit is the catalyst for major players to get involved with silver, but I suspect things will calm down sooner or later. Keeping FRES on my watchlist though.

it won’t be boring!

ShareScare

I have been reading this BB, and the CERP BB before it, for long enough to have picked up on how many PIs are dangerously overweight in BPC. The “Share Chat Post Distribution over the last 30 days” is one pointer but many posters admit that they have put too many eggs in this basket. This means a bigger payout if they get lucky and time their exit well, but I would argue that it is a risk not worth taking.

onlybpc

If you imagine that the success of your investment depends to any significant extent on the ebb and flow of BB conversations, you are wrong. That outcome will be pretty much down to the quality of the horse you have backed and, perhaps more than anything, luck. This BB is just chatter in the stands. And the idea that those who are sceptical about BPC are short is such a tired BB cliche. But if the sceptics’ observations have managed to shake the confidence of anyone who has (or would have) invested more than they can afford to lose in BPC, they have been well made. Too many people have put too many of their eggs in this basket. There are so many other opportunities out there. Spread your risk at the very least.