Member Info for Scarface72

A lot of speculation on the BB at the moment attempting to 2nd guess possible outcomes. Though I think people may need to finally accept the fact that they won’t be able to cash out with massive sentiment gains before drill results are released.

That in itself causes a great deal of anxiety for many, but continually posting about it isn’t doing holders of BPC many favours in my opinion.

How many outstanding shares did Rockhopper have pre sealion drill.

Would be interesting to know what the mcap was before the discovery.

Turning out to be an exciting 2021 at Echo. I hope to see some interest returning to this stock. It seems undervalued.

The AIM share that's keeps on giving.

I'm hoping for multiple bags... not pennies.

Here's hoping the traders sell their shares to the forrest with sticky hands.

Also don't underestimate the CERP asset potential. TXP mcap at £340M and still climbing...
on assets previously considered worthless.

Yep muir that would make sense.

Yes chesh... My mistake. They need to decide by the 13th Jan. I wonder what difference an extra week makes... Are they close to oil shows in P1?

I don't think BPC have decided to give away more shares yet. But they need to decide before :

(ii) subject to BPC exercising the Put, the Call must be exercised before the earlier of (a) the date of BPC's RNS announcement of the Perseverance #1 well results and (b) 12 February 2021, failing which, the Call will lapse; and (iii) in respect of any shares

Some of these 1M sells are actually buys.

I guess they are banking on more pi’s selling their shares to Forest.
Transfer of future profits.

I’ve seen many AIM companies that exceed £76M in mcap (10p SP for ANGS), without ever producing or selling a single thing. All based on sentiment. Sound Energy is a good example.

It is entirely possible for ANGS to reach 10p I would say.

Topped up another 1M.. I see this rising in the future like ANGS is today.
MCAP is terribly low.

They might decide against offloading the 300 million shares at this price if they get a word in their ear that there's oil. All behind closed doors of course.

Jadam... You can literally feel the salt oozing from their every pore.

Market sentiment pre drill share price is important for those wanting to derisk their investment or exit the stock entirely. BPC and MM's don't care much about the people hoping to do that unfortunately.

Ultimately for those who have been here for such a long time, some almost a decade. We will finally know once and for all if there is oil.

To not have drilled P1 after such a wait would have been terrible. So a great RNS today signifying a green light to results.

I would advise buying stock that you are confident will double in value at some point. For example in the case of BPC & CERP... The price fell to just over 1p. Knowing that P1 was at some point going to be drilled in the future that would have been the point to load up given its previous high of 5.6p.

The moment the share price doubles you sell 50% of the shares retaining your original capital. Then you can sit back and enjoy the ride safe in the knowledge that you haven't lost any of your own money. Stress free investing.

Personally I can't think of a better strategy. Just don't let greed get in your way. Stick to the rule. Good luck.

That’s not what the derampers on the TXP boards were saying just a couple of years ago. Now the derampers are saying it’s a great stock or have disappeared in shame. Tut tut.