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I'm predicting a lot of new entries back into this stock this week. Let's see how the MM's play this.
Shares entering sticky hands... As a lot of pi's are left frustrated as they are prevented from exiting the stock at the first SP spike opportunity.
I think the RNS was good for Cerp assets... But the MM's will drop the SP on news release as always. Plus Monday is normally a down day.
Rns out.
Huge news.
Do people really think that others will take notice of their posts having just opened an account less than 48hrs ago. We have enough trouble believing the tripe some seasoned decade posters put out.
I'm impressed... Share price held up pretty well. Usually nose dives when BPC releases an RNS.
I'm expecting the sell on news brigade to sell at 3p to buy back in at 2.8p.
Usual shenanigans. Aim can be very predictable too on some stocks.
Anyone else staring at the two women in the wedding pic ad.
Cant spot the issue.
Share price was 3.6p last week. Maybe it was priced in then too.
“There is no cash buffer to prop up the price and cerps 500 dribbles a day won't save you either”.
Maneater sounds like you have a personal grudge against BPC. Are you ok ? I mean you do realise that this is a penny stock right. There are far more valuable oilers out there. It’s high risk is reflected in its 2.7p share price.
Hmm Gringopete... I’m not sure... as the trade price is very close to the ask.
But as we know these MM’s can basically manipulate anything they want in this unregulated AIM market.
Im predicting a bit of buying frenzy tomorrow. Similar to the 5 million, £136k buy at 9am today.
It’s certainly not a dull moment holding BPC right now. Exciting times ahead.
Big volume day... Huge interest in this stock.
I see a compressed spring.
An expensive lesson for many no doubt. Sometimes it's better to just ignore the market noise and just let the drill bit do the talking.
Those who got robbed of their shares. Live and learn. The market manipulators will be back and hopefully next time you can take advantage.
Some people are selling because they want more shares but they don't want to spend anymore additional capital. So in a gamble that prices will drop today through artifical means. You sell some at 3p to buy back at 2.7p = Free shares.
I'm expecting the MM's to play a blinder today and artificially drop the SP to mates rates. Hoping to prise some of those shares from nervous holders.
Stay strong if you can. Don't be a victim, for the transfer of wealth to those that attempt to manipulate the market.
To add to joatmans post.
The future value (mcap) of BPC will be reflected in the value of the discovered asset. You won't need to wait until the oil is actually sold to see the share price rerate.
Sound energy is an example where the company share price went from 3p to £1, without ever extracting any gas. Reaching £600m mcap. Crazy really. Obviously things went horribly wrong... But not before people made a lot of money from it.
A lot of the posters on here today are quite new to lse. Probably new to AIM too, where they think -9% is a crash in the stock and a +9% is a Boom. When in fact this is a pretty typical day in the AIM casino.
They would have a heart attack if they entered the crypto currency domain.
If your an AIM stock and you manage to discover a 2 billion barrel oil find. You probably don't want to try extracting it yourself... Unless you want to go down like Hurrican Energy.
Just sell up to a major once proven out imo.
Don’t make the mistake in thinking that the daily share price is dependent on the news release. It very often isn’t.
A £20m drop in mcap today.... is pretty much eclipsed by £60m mcap increase in just 3 weeks.
Expect a huge bounce back within the next 10days... as the MM’s raise the share price transferring wealth from the impatient to the patient.
Those that bought in at 1p... won’t be losing any sleep cus of one down day.
The RNS was certainly good enough to compel new comers to open an LSE account and take notice of BPC as a stock. :)