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Ralph where can I find this info ?

The fear and doubt have cleared to an extent, but the uncertainty is still there due to BPC not dealing with it.

Ralph, please

Fair enough so half a dozen small PIs may have some inside knowledge. So small really does matter in this case.

I was not knocking you just trying to figure out the sentiment behind what you posted

Chesh please dont encourage him

investinvalue, I mean really ? Some "small" PIs have heard about it but no one on all the BBs and Social media relating to BPC have heard of any leaks ?

Zag, I take people on their word, it has been claimed by a few they have written BPC to have it clarified !!

So supply and demand has no effect on this share ?

Cars, you do understand there is no extension period at the moment ?
ONLY IF BPC make the put and it is taken does any extension apply

Themuir

" if there's another placing AGAIN in less than 10 days you'll know there's oil there"

Can you tell me why you think that to be the case ?

You agree the following means if the put is placed the extension applies ?

" (iii) in respect of any shares issued pursuant to the exercise of the Put or Call, the date on which BPC may be required to make a reconciling payment to the Investor is extended from 60 days after the date of spudding of Perseverance #1 (which would be 20 February 2021), to 16 April 2021"

And if the extension applies do you agree that the following lets you know that the same terms agree for any funds under the funding option agreement, baring in mind this is taken from the original agreement.

"The same terms will apply for any funds that may subsequently be made available to BPC under the Funding Option Agreement."

I have answered those questions above

17th of December to Today is 3 weeks, if they are the ones doing all the selling they must surely have dropped below 7% by now.

Opulentia here is the TR1 RNS dates Dec 22nd Holdings at 7.3%

https://www.lse.co.uk/rns/BPC/holdings-in-company-ptgsrcwlp8zx9fg.html

Because the law requires them to inform us about their holdings at certain percentages the next should have been 7%

And we did have an RNS that detailed their holdings

No I have zero snow here

Egg, what if the seller is not actually selling ?

I do not believe that is the case but where is the TR1 ?

Thanks for the insight

Why what happens next week ?

Todays RNS is clear in that the extension only applies if the put is placed and taken by Feb 20th which is 2 days more than the hedge fund had to sell the 375 million shares they already had.
That means that if the put is not offered the hedge fund have 6 weeks left to get rid of circa 300 million shares from now.
If the put is not offered on the 13th January that will leave 5 weeks to get rid of them.

If the put is offered and taken, then the extension applies to both the original shares plus the shares offered in the put and gives them to the 16th of April to sell over half a billion shares. As indicated in the original funding RNS

It would be a little bit of a worry if BPC do place the put, since to me that would indicate nothing has been learned from the drill up to the 13th January or BPC are not confident. In the event BPC have learned something with the drill then offering the put would be stupid as funding with known hydrocarbons in the ground would be easy and would not require no 15% guarantee.

No matter which way you look at it, it appears this is a hedge bet by BPC.