Member Info for sharegnomie

This may be an odd question but is there another oil company that could takeover and do this properly?

just a very small rise of 1% will see us at 10p. I am hoping we stay there as its been a gradual rise not a sharp one so with any luck we can stay above it. Hopefully we get some more good news about path and the sale. I am concerned that we haven't had any news on the seeds though. No news is bad news usually, but we will have to see.

I'm with Hl, can I assume from this that we can trade in Cerp and Bpc stock until the 6 August 2020?

If it’s approved, all Shareholders at close of business on 6 August 2020 will receive Bahamas Petroleum Co Plc Shares in place of their Columbus Energy Resources plc Shares irrespective of if or how they voted. The new Bahamas Petroleum Co Plc Shares are expected to be issued by 21 August 2020 and will be credited to your portfolio on receipt.

If anyone knows any different can post the dates we can trade in these stocks please

The question is: Do we feel lucky? can we end the day over 10p ? Would be a nice end to the week if we could.

I assume like me most of you have noticed that as soon as the share price goes up Lind start selling so I'm just wondering if the share price will go much higher and (please correct me if I am wrong ) they get another tranche of shares middle of this month too.

up a little, but can anyone explain the trades ? Very odd.

Do we know when these resolutions will take effect is it immediately after the vote or at some point later ( one would assume that for Bpc shares to be issued to Cerp share holders then the shares would need to exist in the first place.

Some good news. Should see the share price go up.

I would be very concerned that's a massive dilution. it can only mean one thing they don't care about share holders. I don't hold Bpc shares but I do hold Cerp so I have to make a decision when to sell. Do I sell before the merger or after and before the dilution. 1.8 B is 40%ish dilution but is that before or after the creation of the cerp shares? For Me it makes sense to vote yes to the deal because I get about 37 p a share profit provided the share maintains its currant level after the merger, but with a dilution that big coming then it probably will not. So for me vote yes and sell before.

If the merger goes ahead how long it will take to issue Bpc shares? I use HL so I assume they will credit them to my account but this will take time. What if I want to sell at anytime after the merger?

yes its lind they have 9,400,000 left

Any predictions on where the share price will end up today?

Suggest getting in contact with the local papers and getting them to report on it ( watch the video ). Nothing like a lot of bad press to get a council to change its mind.

Yes that's the money maker at the moment. Alba has nothing to do with Loxley as far as I can tell, so the drop in share price is just a knee jerk reaction. The income alba gets is from HH and that hasn't changed.

Can someone explain exactly what we are getting planning for? is it a test well? or point me in the right direction so I can find out please.

I thought it was 11% of HH we owned that's miles away

Will this affect Alba?

Interesting post Starchild
But before I vote yes with my Cerp shares I would need a guarantee ( statement ) from the merged company that there would be no dilution for a least a year.

Hope you people have been watching the news, And you know about the china virus in the US and Trump trying to say its just more testing. If this kicks off again then I assume it will hit the oil price again. How will this affect things regarding the takeover and the drill date?

I haven't posted on this board before because I don't own any shares TLW as yet. They were recommended by a friend to take a look at as an option.

Firstly, as I understand things a new CEO being installed soon so I would expect he will take the company where he thinks it need to go, Is there any indication of where that might be yet and is it expected affect the share price?

Secondly, The China virus seems to be resurging in the U.S. Trump says it due to more testing but I will leave you to be the judge of that. Should the price of oil drop as a result of that then I would expect the share price to follow it down. Would it be a fair assumption that if oil starts to dip down to the same price it was before then TLW's SP will follow the same price pattern as before or has anything changed to suggest it would not?

I have been advised that under 30p is a good buy in price however, that was before resent events in the U.S. Should things take a turn for the worse would the previous low share price be a more realistic buy in price?