Member Info for Shamima03

This BB has quickly become very toxic, personal and petty. It has lost all sense of debate and has just become a “i have made more money than you” ****ing contest.

People are always going to disagree but this has got out of hand.
I am sick of trawling through hundreds of posts that is just a petty argument, to find one or two informative posts of any value.
Its now on par with ADVFN

Good luck all with BPC whatever your decision. I say that with genuine mean that.
I will be having extended time off her for my own sanity!

I do agree with you here Harry... i dont think there was a rig in March and i think Covid actually saved their (our) skin.
So i can understand where you are coming from with that one.

I am hoping that if this is true, we can learn from our mistakes. This is evident with the early Steena contract we have.

Good post laalee. I completely agree with you.. people are too quick to jump on other peoples opinions and then get nasty about it all.

At the end of the day, we are all here to make money, so you cant blame anyone for taking their cut when they feel the time is right- even if in your opinion the time is wrong.
No one knows each others financial circumstances either, so shouldn't be passing judgement on peoples financial decisions!

However what i must say i didnt agree with was bonum trying to pump other stocks on this BB.

I think this forum has gotten a little crazy the past few days, which is understandable as we have had a fundamental change in strategy and there will be many differing opinions on this.

But lets not turn this into personal attacks on people, for them simply doing what they think is best for them!

If you disagree with something someone says, talk about it and share opinions, rather than getting too defensive and begin attacking the individual

Good luck harry. Been good reading you input over the years!

Atb

Bonum. I really dont mind you airing an opinion. And infact respect you for having a U turn as it shows you are not emotionally attached to BPC and making decisions based on your personal opinions. Which a-lot of people fall foul of...
I think its important people share their views negative or positive and i wouldn't start calling people rampers/ derampers and all that rubbish... because to put it bluntly anyone that makes a financial decision based on a BB deserves to lose money.

But what you have annoyed me with is your constant mention of your other shares.
Please take it to their BBs and stop spamming this with with irrelevant content!

I am here to look at everyones opinion on this and find it interesting and the last thing i want after 250 posts is scrolling through a good 10% of them where you have spouted rubbish irrelevant content

If you are out, say your piece and then move on...

You could probably make a fortune selling the Gin to investors on here. Think we would all do with a couple bottles while on the BPC rollercoaster!

Rick- these figures you are throwing around are absurd with no basis and not really adding any value here apart from help confuse people more!

Trumpandpump- ill take your shares please. Bye bye

This has changed my dynamic of investment. Its gone from making a few extra quid on a punt which i was expecting to cash out December/ January. And its not a longer term hold, with a bit less risk i am willing to throw a bit more at thing thing

GLA

So my analysis on this one- for what its worth:

Its fulfils the sentiment of Dont put all your eggs in one basket.
Without this thats what BPC were doing. Risking everything on Circa 30% chance of hitting oil.
From a business risk perspective, if you fail your essentially doomed to bankruptcy.

So what the BOD has done is given the business some longevity. So if they do fail with striking oil, people arnt out of jobs and the company can live on.

How this impacts share holders:
Initially- i think the market will sway both ways. More towards negatives. As it provides uncertainty and many people will be trying to work it out.

Medium term- after the merger our SP will rise above current levels as both companies values will be factored in.
We will drill, if we hit oil i dont think the SP upside will be as much as we are essentially sharing this find. However there will still be an upside.

Long term- who knows. A very good diversified prospect with multiple opportunities in oil industry. The sky being the limit

Conclusion- i think this deal will mean any upside of any find wont be the 45p we were all hoping for.
I think it may mean investors will have to lock in money longer than they initially thought to get the gains they wanted.
However on the otherside, if we hit a duster we wont lose all our investment like we would have.

The merger will take away alot of risk for investors,
Personally i can fully understand why they have done this, from a company risk perspective it had to be done and only makes sense.

From the hidden gambler within me hoping for that flip of a coin to win big....gutted

I am just down the road in Durham.

Funnily enough found out about this share from a guy in sunderland some years back!

Rick- Because you can double your money alot quicker here than you ever will at apple?

What your saying is by December this stock will be worth 8p? Well if i jump in now i am getting 150%+ return
(This is on your logic below)

This is alot quicker than i can with apple

Essentially what your telling people is to buy high! I prefer to buy low personally

What exactly is that JConchy?

Invest money into the company for further oil discovery and grow the company? Increasing the value of the company for shareholders
Doesn't sound like a great shame to me

Number 46 for me.
Quite proud as i havent been on here as long as some. Bonum will take some catching mind ;)

In all seriousness. Everyone keep doing what you are doing, its fun and interesting and will get us through some tough times!!

A bit of a mixed feeling from me from recent RNS

Of course i cant it is good news in terms of the overall longevity of the company. It provides a bit of “dont put all your eggs in one basket” move (which us investors are are told to do, to diversify our options)

However on the flip side, i would have liked to see all efforts go into the Bahamas drill. It provides a bit of uncertainty as to what the companies plan actually is now. Theres a big question mark over funding especially if we hit a duster.
So now i am a bit unsure of what the companies mission is here, where as its always been clear in my mind.

Maybe this is me been a little selfish, nervous or silly. But i cant help this mixed feeling.

On the other hand, does this indicate the potential of a major soon to come on board???? Which allows us to drill in both areas?
Cant help but wonder.

I think this caught alot of people out shorting the market without having a true understanding of how it works.
The dilution was mainly priced into the SP as i predicted. This will now float around the 3p mark until further news imo

While i do agree with your sentiment of be careful on this one PandT. I do have to somewhat disagree on the rest...

- dilution is 5.5% so i cant see this bringing the SP down the way you say it will. I think alot (maybe not all) of the reduction is already built into the price as its already public info

-farm in- who knows whats going on in the background. I keep swinging between camps, do i don't i. Currently sat in the i would prefer to do this thing alone then farm in for a much greater price.

- partially agree with the updates over huricane season. There will be some as we build into it however this will tend to be within a month of spud

-SP pre spud. I dont see why this cant hit close to 10p region. I have my own personal target which is 8p. But given previous price movement. This does suggest we could get close!

My final thought is the dilution. As mentioned above i believe alot of this is factored in the price already and we will see some retrace but not massive.
Just remember that without this dilution we wouldnt have the funds to drill, so for me its just another step closer to the drill that is ticked off the list!

Have a good day all

In exact same position Bryn... kicking myself for not buying in at bottom, but at the time i was happy enough with what i had and didn't want to put anymore in... i was all in.

Hindsight is a wonderful thing and although i believe this will rise much further i am happy with my position

GLA

Cant blame people for taking profits, however i wont be. I will be riding this one out.

Got to look at the bigger picture here!
In Feb/ March the only missing piece to the jig saw was the rig... now we have that, the funding, the permissions... theres no stopping us!

Hopefully the covid situation resolves itself and its safe for free movement in the run up to the drill for everyone to be in the right place at the right time.

I was pretty gutted when we had to postpone the drill in March.. however i am starting to think this will work out even better than it would have back then!

Not to mention, we now have more time to discuss farm in options!

Its great to be back, i have missed BPC

Good to hear from you all again and its good to get news to clarify the position. Obviously some hard work going on behind the scenes!

I think we have to be careful not to compare ourselves with where we were last feb (a month from drilling)
To put in perspective... we are still 6 months away from a drill, multiple stages and hoops to jump through and in a very very uncertain world right now.

I dont think we will see 4/5p until we are around 2-3 months off the drill. Hopefully by then we will have had multiple other positive RNS and still on track to spud.

To sum my post up, dont get to disappointed to not see this stock jump 50/100% per day just yet. We will get there slowly, keep the faith!

Great to be back and feel the excitement again for BPC and see some posters back again!

Although i agree this is a good investment ghecko... they are certainly not on the brink of a cure for covid!!!

Personally i think their biggest value is their work outside of the covid work. Which gives the company great long term prospects

You really need to read my post hawkes and what i am trying to say about this stock is that it is a good prospect.

I suspect you have been burnt on this one... not that you will admit it.

People are here to share opinions and just because they dont align with your opinion, you dont like it.
You really need to grow up!

If you seriously think peoples opinions on here affect the SP, you need to stop investing right now as you really dont know what your doing!
Anyone that does invest on the back of an opinion on here also needs to stop. Do your own research!

If you think you can belittle people and name them in posts just because you don't like what is said, you are very mistaken! I am here for a healthy debate and by all means if you disagree with me, tell me and tell me why. Rather than been toxic and wishing people off the forum

Have a great day. Will see you at 5.5p tomorrow