Member Info for rossannan

PageofCups

You are seriously misleading yourself over this. I suggest you contact BPC for clarification if you won’t take the word of other posters.

CarsCoffee

Kudos to you for correcting PageofCups. I was waiting for someone else to do it but had given up and was getting ready to weigh in. More posters like you, who try and see what’s actually there rather than what they want to see, is what this BB needs.

No, sold at 5p a while back to just about break even.

Chopsface77

That’s a well written response. I’m not saying that the BoD shouldn’t be tarred, feathered and run out of town, but that’s top drafting.

nicdavit

I’m afraid you could easily be well over 90% down on your original investment, so it’s not necessarily anything to do with the broker.

“A notable casualty too was LGO Energy, which fell 92 per cent.”

https://www.thisismoney.co.uk/money/markets/article-3380629/The-high-hopes-2015-battered-China-meltdown-Shanghai-sent-Footsie-tumbling.html

Bespoke

A LIND-type arrangement is still an option - potentially dilutive but not as death spirally as another tranche of Lombard Odier.

https://www.looptt.com/content/11-measures-2021-budget-take-effect-today

Jdam

Keep an eye open for (a) further TR-1s from Lombard Odier and for (b) any RNS confirming that further shares have been issued to them (my understanding is that if we don’t see such an RNS today or tomorrow, that’s the end of it).

MSM

In the absence of something that takes us all by surprise, that is fair comment. RKH still feels like an out of the money option on the oil price. Another $5 though and this could get very interesting.

TheITCrowd

I think you need to more detail (debt, costs etc.) at both the Minto and PERE levels before you can draw conclusions like that.

CarsCoffee

Agreed.

CarsCoffee

There are lots of interesting debates to be had but is the immediate issue for the BPC share price not simply whether or not your BoD are going to let loose a further tranche of death spiral funding?

Paris_TV

Columbus/Columbia Minerals? Do you not mean LGO Energy?

In other words there must be a copper price at which this would just start bagging and keep on going, but without a clear picture of the balance sheet and P&L for both PERE and Minto itself, it’s really hard to figure out where that tipping point might be. Presumably Minto’s remaining lifespan depends more than anything on the copper price. Currently we have these objectives (from the October 2020 Presentation):

§ Bring Minto mine to full capacity in 2021 and prove life of mine at 4 years with drilling survey
§ Exploration with drilling and magnetic surveys to turn resources into economically viable reserves, aiming at least to double the life of Minto mine to at least 8 or more years

Wasn’t LOAC at a bit of a discount to start with though?

Oultonmike

“Expecting some big buying tomorrow on the back of todays news.
A gap up at open maybe!”

Really? Do you think that the extremely remote risk of drilling being stopped was significantly suppressing the share price? And that the much less remote (as it turns out) risk of the JR rumbling on was fully priced in?

Talking of barking, is this dog about to have its day?

ShareScare

Okay, there is the question of how $50+ WTI will interact with the terms of the Goudron EPSC.

PageofCups

“Yes the market will agree.”

I will hold you to that.

though starting from a low base, the ex-CERP assets are definitely worth more than they were on the back of $50 WTI and SPT reform.