Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Regarding why SP had just arrived in Oz prior to interview, could this be because of Trafalgar Capital. We are dealing with the HK subsidiary that has main office in Sydney. They are providing funding to pay off Lind loan, at a cost of 80m shares.
*go ahead! Apologies!
I take it everybody has read this? The “merger” is going to gapp, one way or another. Have a good evening all.
Came across very well imo, impressive guy. I also thought interviewer was much better than many I’ve heard recently. He’s a very experienced oilman, will own 1% of enlarged company so fully aligned and will bring additional expertise to the Board.
Yes I do. I’ve met both of them and have no reason not to. I met Eytan on holiday in Botswana in January and was very reassured. If I didn’t trust them I would sell my shares and move on. Wouldn’t anyone ?
Bonum, Potter and Uliel have NOT been duplicity. Not only have they not used the phrase in every statement in recent times, the March statement made reference to the particular circumstances brought about by COVID which, sadly for some, has produced difficulties which others are able to benefit from.
Bamps, you have to make some effort to compare like with like. Sure, bpc has over the years invested $100 m or whatever to be in a position where it’s ready to drill. The drill costs have reduced and are now $25-30m . CERP would (I hope) also spent money on R&D before drilling. Both Boards see benefits to this deal or it would not have been recommended.
Technically a merger, but in reality a takeover. It’s cleverly constructed. Buying CERP in the light of today’s sp movements is an interesting opportunity.
Willed, this is true but when you look at composition of new Board you get the picture. He who pays the piper calls the tune....
The higher the BPC price the better it gets for CERPS!
It’s being paid for by issuance of shares. Last years AGM gave the Board significant powers to issue new shares.
Not sure if this but lack of Columbus personnel on the Board (just 1 non-Exec) indicates BPC calling the shots. The RNS release by Columbus in April (6467) indicates impact of COVID whereas we locked down without any real financial Stress. I think Columbus was looking for a way out which if correct, is good new for us .
I think Potter is a very canny operator. Yes it’s taken a long time to get to where we are but despite the many and varied obstacles thrown at the project, he and Eytan have got us to a position where drilling is in sight. This is a speculative play in Uruguay but at a peanut cost, which we can afford to pay because we’ve got the funding for Perserverance sorted.
We’re getting closer to the first well every day!
Starchild, I think one thing we can all agree on is the option of buying in at 2.5p has gone. Great analysis of OMJ(D).
The key phrase in Oil Man Dim’s latest missive is “The special trading course explains all about how to do this.” This is a sales pitch. As Bonum has identified, he’s normally spectacularly wrong about BPC, not least when he announced it would be impossible to raise more funds the day before the Bahamian investor doubled its investment. He fails to understand that if oil is discovered, the means to the end will be irrelevant.
The 87p figure originated on the old II board which was ruined by a mixture of New technology and dubious posters. Many moved to this Board and/or to the FB group, but the 87p party In the Bahamas invites remain available to all !
Possibly, but I’ve only been a shareholder since 9am yesterday and it all seems pretty good to me! Have a good weekend all!
Just made my first purchase here. Had to pay 3.25p for 100k.
Thanks Bonum. Very interesting video.