Member Info for Shamima03

Completely agree toine!

They are quick to call out derampers but wont be on to admit when they are wrong.
I too was sick of seeing the delusion!

We have been getting a positive RNS for the past 4 trading days now.. still yet to come
And we have been breaking through to 8p all day today and couldnt be further off.

Said it from the start.. this is a long term investment! Well done to those who took their money on the overshoot. And unlucky to those who failed to take their cut or even derisk while dreaming of a crazy SP!!
Welcome to the stock market all!

I think sharebel is absolutely deluded if he thinks a forum can affect the SP!

If hes filtering rampers he should filter himself, as hes the biggest one of them all

Would love to see his portfolio or investment experience

IC- best just leave this one

If you had read my previous posts you will know i am invested. A very small investment compared to my overall portfolio albeit.
However i got in mid boom at an average of around 6-7p and haven't sold any as i have said i believe this is more of a long term investment.

Hope this answers your questions :)

Completely disagree with you sharebel.

If you are calling it a deramp. I can only call you a ramper. A very narrow sighted one at that!

As i said i will be holding as this company has merits imo long term. Yes money was made by alot of people on an overshoot of the stock.
However short term, this is slowly becoming yesterdays news.
Seen it happen a million times before. And it will happen a million times again.

I have gave a balanced view imo. Get your head out the sand and just because someone has said something slightly negative about the share, it doesnt mean its a deramp

As predicted a think this could be the start of the retrace back down to 3-4p. This has come earlier than i expected!

Only thing that will save this now is a positive RNS on some major developments.

Ill be holding as i think the company has some merits for a long term investment, maybe a little top up later down the line too.

GLA

Hi all

First post here but got a fair decent experience trading Similar shares and seen companies like this in the past. My holding in this relatively small and bought in half way through the boom. So here is my take on things:

What you are seeing is the company been valued in the 8-10p mark overall.
This will dip in and out of this range but will only have a re rate on more positive news. shares are very much news driven!

Although the latest RNS was positive, it was already known info and the SP already reflected this.. hence a not a massive rise this morning.

People on here constantly blame MMs and derampers. But its none of this. Everything has a price and HEMO has found theirs.

People throwing crazy SP price predictions around on no basis and plucking numbers from mid air is nothing new. Be careful listening to these people! This will not hit 20p+ next week like i have seen been mentioned earlier...

Also please dont blame people selling shares here. People will have made 4, 5, 6 times their money and will of course want to take the profit in this current climate.

IMO the SP will hover around 8-10p mark until more positive news. If this news doesnt come for a while the SP will begin to creep south towards 3-4p

On the other hand. I do believe this company is doing good and has a bright prospect and i will be holding, possibly even further than COVID. This is my opinion based on fact that i know doing own research.

Fingers crossed for all holders here as the company does have potential. But please be aware it may take longer than people expect for this to build.

I also hope this post presents a balanced approach people can look at. It certainly isnt deramping. But please do your own research

Atb

Thought i would do some research around hurricanes in the area since people have mentioned the risk of drilling in October.

From what i can gather:
There have been 27 major hurricanes since 1871. Out of these only 6 have been post September with 5 very early October and 1 in November

The area on average is hit every 2.41 years with the last been Hurricane Dorian September 2019

Longest gap between storms was 10 years from 1908

It looks like, although still a very real risk of hurricanes in October, it is probably one of the lower risk dates to drill within the hurricane season.

From what i have gathered speaking to friends in the industry, in the event of a hurricane while drilling, they are usually detected well in advance and steps can be put into place to suspend drilling and move away from the site, to return to when safe. Apparently its not so much of an issue apart from obvious delays (this information is just what i have been told and i have no experience of this- so any other info from people with experience would be great)

All in all, drilling in October in terms of hurricane risk appears low, although still a very real risk!
IMO so far the BOD have managed risk very well for this venture and i am sure will have contingency plans in place to drill in hurricane season.

It would be great for the drill to go ahead this year, i don't think anyone will disagree with that. But IMO waiting to early next year (if possible) would be an ideal solution to minimise risk, not just hurricane but possible stumbling blocks following Covid.
Drilling next year may disappoint many but could be well worth the wait. And i am sure for many LTH, an extra few months is manageable.

Atb all. Hang in there and stay safe

I echo Bryns comments.
I have taken some time off all things BPC for a little while now but i am starting to miss the opinions and views of everyone on here.

I sincerely hope everyone on here is keeping safe and although things look bleak at the moment, use this time to reset while the world is on pause.

I have held on to my investment as i truly believe once things start to move, we will be right back where we left off!

Strangely i miss checking the SP every 10 minutes and the daily anticipation of an RNS!
I may even push the boat out to say i miss Bonums FARM IN posts! ;)

Atb

Hi guys

I have purposely kept away from the market and the BB for a little bit as i know the situation would go from bad to worse with the virus.

After quickly looking Today has been the first day where i have wanted to sell up at a small loss and put it down to a learning curve.

However after much consideration, i have decided to stick this one out, because i still truly believe we will drill at a time the bahamas need it the most.

I am so disappointed (as everyone) that the strong gains we made has been wiped out by something completely left field and out of our control.
If the SP dived because of a fundamental issue with the drill plan, i could accept that as i knew the risks when i invested. But this i (no one) could forsee!

In order to stay long on this. I have again decided to just turn everything off until this all blows over. This could be weeks, months, years... no one knows!

I just wanted to sign off my wishing everyone luck with this and hope you all make the correct decisions financially but more importantly hope you and your family keep safe and well.

See you all on the otherside... whatever that may look like!

And Bonum... keep up the positivity!!

Atb

Fatal- who care who is wrong and who is right?

To me this BB is all about sharing opinions. If you disagree with someone debate it rather than attack that person.

If you think you are going to be correct, act accordingly. And if someone is wrong, let them learn from mistakes.

Remember we are all in this together!!

Morning veteran. Care to elaborate on your opinion?
Be interesting to hear your views

Atb

Hi parping

You are correct to say that a virus wont reach people isolated in the middle of the sea...

But its the knock on effect from supply chain and travel restrictions that will affect BPCs goal to drill

Correct decision to delay imo

Looks like the board are initiating their contingency plan to drill a bit later. This is overall good for everyone!!
Effects of the virus with supply chain and travel, it would make mobilising now very risky.

So for me this is an excellent decision by a very competent BoD.

Lets just hope this all settles down soon!

My friend is an epidemiologist who i spoke to yesterday. He believes this virus will be killed off come the warmer months however thinks the next 4 weeks will be critical to minimise spread before it begins to be eradicated.

Fingers crossed out drilling coincides with the control measures in place and we can drill in May/June

Atb

I think you can look at BPC in 2 ways... either you think we will drill (at some point) and hit oil, so worth holding the stock you have

Or.. you listen to the rumors and start to come up with scenarios why we wont drill. You should therefore sell!

At the moment markets are in turmoil and BPC has some slight uncertainty about it. Making it a day traders dream.

What i have started doing over the past few days which has really helped.. is stopped caring. I have stopped checking the SP every 10 minutes and stopped reading every post on here (only select valued posters)

Why? Because i wholeheartedly believe we will drill and find oil! So what the SP does in current market conditions doesnt really matter to me. Because i am here for the long run.

Just a little bit of advice to anyone who maybe is having a rough time with the general overall market climate and BPC goings on. And i feel much better for it!

Atb

Be interesting to see if Potter and Eytan get some more time on VOX podcast

They were quick to get there on good news! Lets see how they react to this news

Good points PI. I never sold this morning, i nearly did sell in the heat of the moment... but before i did i went back through the fundamentals like you have and decided to hold.

Just another day on the BPC rollercoaster and a learning curve

Disappointing RNS and infact as much as i have been vocal about backing the BoD, this is the first time i have felt a bit negative about it all.

For Potter to come out with rig details in the interview a couple weeks ago and then all of a sudden theres no rig! This has baffled me. Especially considering the detail he went into about it!

I think its time BPC make the decision of we either go this alone fully funded or we farm in, and most likely not get the split we want.

Things have come too close to the wire now and i think if we farm in, it will mean a deal with the government to extend the licences into next year.

My preferred route is that the time at the table has been done and its now time for us to put our money where our mouth is and drill this alone!

Well... wider markets in a big slump, oil taking a 30% hit. I mean this couldnt be timed any worse for us!

The knock on effect to BPC is that the SP wont reflect the real value here, infact far from it!

As an investor you would be mad to sell at these prices imo. I think even top slicing now wont be the best option for some.

I predict the markets will stabilise, we will still drill, and when it comes to drill results hopefully the market will be stable enough to reflect the true value of this company

Unfortunately i predict the SP taking even more of a battering here, with any potential good news only creating damage limitation rather than excelling us to some of the pre drill SPs predicted only a month ago

I will be holding long on this one for sure, going for a pint, and waiting for all of this to blow over

Good luck all!

Few rumours going around that we haven't got a rig!

I personally don't believe this, something so fundamental to our goal will have been resolved well in advance imo.
Also given previous RNS, theres nothing to say there was a likely issue and malcy even mentioned a contract was signed (although i dont read much into that)

The only thing i can foresee a problem is that there was an issue with the rig identified during inspection.

This rubbish about a major offering more money to secure the rig and getting it, sounds farfetched!

I dont know a great deal about the inner workings of a company preparing to explore for oil... but what i do know is business risk management! And there will be contingency plans in place if there is an issue.
By this i mean it could be access to another rig or postponing the drill date!

Just my opinion, could be wrong, could be right. Guess we will find out in the next couple of days!

Good luck all

Good post findme

The rig info is a nice to have And i will admit, i thought we would of had it by now. But i think details on the CLN is much more important news which is needed.

I expect an RNS tuesday encompassing multiple elements of the drill. Similar to the roadmap.

There was talk earlier of a major gazumping us on the rig, that is rubbish. Fundamental stuff like that would have contracts in place to stop anything like this. Given the fact we have an experienced team working on this, that is bread and butter stuff!!