Member Info for spike912

Another misleading post, well there’s a surprise ;-)

Not showing on my screen. No one would be paying circa 1.5p over ask lol

Where are you looking I can’t see any buys today at 7.1?

Brom, I think the key is balance Look at the RMP board and their twitter, it’s embarrassing at times End of the day it’s aim and more often than not the market over values or under values a share, but imo You have to do the calculations and look at mcap not share price and 88e aren’t going to be in the billions. FO maywell be a catalyst also after winx, as it will only add strength to any negotiations :) But a strong morning by the looks of it which can only be good for all of us holders

It’s called “ramping” ;) £1 share price and mcap, seems dream land short to mid term imo 5-10p would do me over the next couple of weeks

Sounds like Morgan in twitter was right! Fair play Exciting today for sure!

John, come on mate be original Am I not allowed to debate the share? Based on facts and RNS After all it’s a “discussion board” is it not?

Interesting there is also no evidence that “4 months and McQ have continued on “minimal” remuneration. Primary reason being that they have “Golden” result bonus built into success.” All we can go by it what is in the recent RNS’s Even IF you were correct £2.35mil from June 18 isn’t lasting much longer imo Not here to “deramp” just open to debating these things. Much of the MQ you refer to is speculation sadly, as I’m going from financials GL

All you can go from is last interims which I believe pick all those issues up Time will tell GL Best

The link is just Potter PR. It adds nothing new to the financial position of the company RNS seems clear, £2.35mil, 9 months ago which equates to £260k a month to March. Incredibly concerning for me If you look at previous results you’ll see the cash burn, and even with salary deference you can gauge likely overhead and staff costs (remember it was only directors salary deferred by 90% not all staff). MQ are on a large fee, they are heavy hitters and charge accordingly

Only confirmed sauce is the ketchup on this evenings dinner lol

Thanks although I don’t believe MQ was funded from elsewhere or raised separately The RNS of 24th August makes no reference to being funded elsewhere MQ fee is all within the previous cash balance and raise RNS 27th Sept also clearly states $3.1mil cash position AFTER the $1.6mil raise So, as per interims, converted cash was £2.35mil I actually forgot to covert so sadly I find it hard anyone can think BPC with £2.35mil lasting 9 months so far, have a lot left and certainly not a lot left to spend on legal etc for a farm in I’m sorry to say but imo a raise will be before any farm in, which may explain the pump and Potters rather pumping it also Just imo as ever and hopefully you’ll understand my logic and concerns hence I will sit on the sidelines for now and watch closely before adding

The guy also confirmed big news on ALGW. Whoops is all I will say. Always gets me on twitter when someone comes out with it but never replies to anyone. Genuine I feel your share and talk Twitter again....yay! Let’s hope he is right however

Interesting can you share those calculations? Genuine question not a dig ;) genuinely interested as mine are very different with £3mil cash as of June, MQ fee, overhead and salaries albeit some deferred. Costs associated with BG permit, and any more work on EA. Farm in at best won’t be for months (IF ever we get one). Cash burn monthly with MQ fee must be circa £200k-£250k a month, at least. MQ are not cheap, and I know this from my own business experience I assume your fully funded up to drill is from the RNS ending the NDA which is open to interpretation “funded to completion”....completion of what? And I believe they felt that would be January as I would imagine the logic used when that comment was made in the RNS would have had some timeframe behind it Who is paying for more work on EA? Who is paying for any legal work that maybe required for any farm in? “Contacts” I always take with a pinch of salt For me, and £3mil as of June 2018 (9 months ago) we must be well under £1mil now, and we all know a raise isn’t done when your at zero! Genuine post for discussion

I do find it interesting how not one Poster has actually questioned the current cash position. Any raise would be done weeks if not months before needed, yet no one appears to see how we are running on empty

On Last buy at 0.95

I think the sensible ones have probably leveraged with RMP and 88E. I certainly have, but of course only pays off on a successful drill. I believe many will allow rmp to rise and likely spike over there on good news and then head over to 88E with profits for farm out and other plays with 88E My only fear of RMP is if bad news does come it will sink as it’s clasic herd mentality over there imo

End of the day we will now stabilise around 3.50-3.70 mark. Maybe even finish with no news around 3.2-3.30p area today For the next push, we need news. Tend to filter the noise, like the “3.78 to buy” when it never has been in reality It’s just manipulation by many with agendas so it’s best to fix your exit price and sit tight Good news or bad news have an exit plan is my advise as this could still go either way

Nigoil, I tend to agree, but then look how many sticks have “tweets” out, some more accurate than others but bods don’t RNS. I’m not to familiar with ASX rules so can only think it was directly linked to that, as I can’t see why they didn’t wait a day All water under the bridge now, but if they do find a motherload the FCA should be looking but we know they have no interest in lse!

@Bricks92 Don’t get me wrong it’s great seeing it move, as I’m neatly back to break even but what people don’t realise is ramping shares can actually hurt the stock. It’s a case of herd mentality so need to be cautious