Member Info for rossannan

TrekMadone

I did laugh.

TrekMadone

Since you finished refilling your trading pot yesterday, a buy today would presumably have left you slightly overexposed to those twists and turns!

Jdam

The immediate issue though is how, and how quickly, that decision can be made.

Rp11ace

Yes, how long does it take for the Court not to accept the application? Is the judge sitting reading it with his coffee and his breakfast roll? Is he about to stamp it “REJECT”? Or is is not as simple as that?

Rp11ace

Undoubtedly. The question is how long it takes to throw something out “immediately”!

Adrianuk

It is interesting to note how BPC’s narrative on this well and what it is for seems to have changed over time. Maybe it was just a case of looking beyond the spin - maybe the current narrative was always in the small print. But BPC’s recent clarification on this point certainly took many on here by surprise.

onlybpc

Good spot.

Hydrocarboooon

So not dismissed out of hand in the way that many on here are expecting this application to be dismissed out of hand. You need to find a more comforting precedent.

ZagEgypt

No indeed. But there will be similar opportunities either here or elsewhere.

presumably checks its facts. On that basis BPC will need to update this morning’s RNS sooner or later.

LGO-fan

Not against this background, certainly.

themuir01

I think I know the barrister who wrote that. He can be reached at Echo Chambers...

Pandatron

Either mass panic or too many of those “should I buy first class air tickets to Bahamas next year or charter private” conversations.

TrekMadone

“Best buying opportunity on the market atm imo.”

You crack on by all means, I’m good. I’m waiting to see what the next BPC RNS says, and while I wait, cash feels right to me.

TCGLOVER

As I said, right now I am happy to be in cash. The pre-drill excitement trade has been complicated by these developments.

ZagEgypt

Yes, I posted about that this morning.

TrekMadone

It could go either way over the next few days, but I am happy to be in cash right now.

DesPrado/ShareScare

Once you have put the work in, it makes sense to hang around in case you get the chance to put what you know to good use, long or short.

Purvis

“There is no shortage of posters on this board willing to state that nothing will stop the drill, be it an injunction, a judicial review or anything else. It's perhaps worth stating the obvious: even if this board were populated solely with top flight lawyers, nobody can state this with certainty.”

Very good post. There is also the damage that can be done to the share price simply because the threat in question takes on a more tangible form, whatever its CoS. This morning’s RNS tells us that, as far as BPC is aware, this has not happened yet. But you don’t have to be a top flight lawyer to read the information that became available this morning as having been extracted from papers prepared for court.

This is why I started selling at 9:30 and, after over 90mins of this and a little help from that RNS, was finally out completely just after 11:00. Happy to have all my money back, even if the profit on my shares is disappointingly small. I will now await developments from the sidelines and see what the balance of risk and reward looks like once we have some more information. Everyone has to decide for themselves how much risk they are willing to tolerate and over what timescales. With hindsight I should, of course, have ditched my shares when I ditched my spread bets at 2.93p.

TCGLOVER

Why would it rise on the back of this news? Read TBTT’s recent post.