Member Info for Starchild

Truthful opinions, I respectfully disagree with you. Please refer to first slide. https://www.bpcplc.com/wp-content/uploads/2020/02/BPC-Proactive-Presentation-website-20-February-2020-FINAL.pdf
I mentioned in my post BoD and management have a 14% interest in the company (not phsical shares). I agree it is always a good sign when Directors buy, however the ultimate belief in a company is when they work for reduced salary or for free in lieu of shares. In fact if the directors bought a load of shares now, while so much news is expected, there could be all sorts of accusations of misusing insider information.

Spacey: BPC's Board and management have a 14% interest in the company and are aligned with all shareholders' objectives. There is always the risk of share dilution to raise capital if JV/farm-in doesn't happen. However there are many ways to raise capex based on institutional risk appetite at the time, secured on the compani's assets which is arguably £50m-100m today.

Rickie: Although your BPC strategy is not the same as mine, I fully understand your point of view. There are some investors who share your opinion and will wait until an RNS that states, 'the drill ship will depart tomorrow.' They gamble on the binary outcome without prating about and likely also play the percentages game by doing so on similar exploration stocks over the years. If 1 in 5 hits big, they do very well. They pay a premium on a share which is why it is at that level (you predict BPC possibly 8p, Others 6p-12p)

Others have a strategy to double their money (and a bit more) in the lead-time to a spud, sell half and (1) get a load of totally free shares for the binary outcome. (2) Get a return a bit more than bank deposits and (3) ride the wave.

Others, many small retail investors, buy a small holding in BPC, don't read posts or study RNSs, and just have a flutter. The same applies to very wealthy investors who may consider a £100k BPC flutter to be out of petty cash. Some, but not all of those wealthy investors may take the Rickie view.

My approach which only applies to BPC is potentially all the above. It depends on news flow and my personal circumstances as the year progresses. Today, I'm OK to ride the BPC wave until spud, with possibly some more top ups but that's just my opinion. And I may be wrong. We all have to make our own investment decisions based on personal circumstances and general strategy.

On a flippant note:
1. I think what got me to number 30 in the charts from nowhere was my very ecstatic comment on a post 7/6/20....
'Today, I'd give BPC: A Mega Strong buy rating. A 9.0 on the Richter scale of likely SP upside. And in Saddam speak, 'The mother of all frontier oil exploration potential.' .....in pop jargon that post was a one hit wonder that climbed (ney, surged) the charts.
2. I suggest Bonum (number 1) selects three persons from the top 10 to form a boy band. I know Laallee proposed Bonum and I enter BGT (with my psychic cat) this morning, however I humbly stand down to long-term talent from persons with more posting experience.

On a serious note: I am seething. Why?
1. Number 5 on the list is share-talk. .......The guys who I allege plug oil man Jim and others.
2. It's apparently OK to have a blog or subscription service giving tips which shares will soar or collapse. And its also OK if you own the service but just happen to buy/sell before the opinion is made public. But if we sing BPC's praises, we end up on a dodgie / doubtful list.
3. All UK and EU nationals (and residents) have rights to anonymity. This pumpanddump portal risks this.
4. Pumpanddump have no right to scrape LSE for data. I believe it is against its Ts+Cs and I will take this up with LSE.
5. I allege pumpanddump are breaking EU GDPR laws.
6. I allege pumpanddump have potentially libelled me and others by implying we do illegal or unethical acts
7. Watch this space.

Have a great evening. xxx

I am not a BOT or AI, contrary to the warning on the pumpandump website.

My BPC SP opinion is. Let me think. Em? I know.......STRONG BUY.

I find it extremely irritating to be listed here as if some of us who have been on this forum for some time are unethical pump and dump day traders. They should check their facts and cross reference with the type of posts, whether the posts are based on research and whether the alleged pumper or dumper takes the opposite view , for example if we started posting reasons to sell, sell, sell.
http://******************/rampchecker/rampcheckbytidm.php?search=BPC

Tonsan: We note you have left the 'dark side'. Welcome to the light. Actually I do keep an eye on the other forum and despite Mr Global's alleged taste for continuous 'Muppet spanking', he does come up with some very good points in between. I assume you are not him or her in disguise! (joke).

Summary of above post: STRONG BUY

Leaving aside positive RNS news, at the technical level, it is the Fibonacci R2 resistance level for the last month. Day traders use these figures. However I've given a simplistic monthly one as of now of 4.18p. Traders use several of these metrics at the same time and some auto trade. It is a moving target and also governed by volume/momentum. I am not a day trader, but it is good to think as one when making investment decisions in between real-time news, and company RNS news (usually at 7am).

One last point, the FTSE is subject to 0.5% stamp duty. AIM is not. Day traders auto trade the higher volume AIM stocks using algorithms.

Pete, your question is a valid one and a good one. In my opinion the answers are: the sum of the below
1. Their core biz is finance not SP speculation. Although being family run they may have a flutter on some of the shares. A major retail bank (with public shareholders) would not.
2. If BPC converts more from the 16m facility in future, the investor will have even more shares to sell in a shorter window.
3. Selling a chunk of what they have now, but in a controlled way will hedge the risk yet potentially benefit from a huge ROI reward.
4. If I owned this small bank, (which I do not!) I would sell enough shares to get back the principle lent, interest and a 'bit more', then sell parts as the BPC story develops during spud, and keep a chunk in case we hit big.

All the above, is of course, just my opinion.

I posted an opinion yesterday on the Bahamas financial institution CLN holder disposing of their shares in dribs and drabs over the last few days. Today (as of this second) they have not. I believe they realized (or were advised) that they were creating an artificial resistance level by selling 1.5m-3m a day and to sell less and in smaller chunks. The reason why I posted this, is (1) to show what will happen when they have no more discounted shares to sell, yet appetite for BPC remains as now and even more so with expected future RNSs. (2) Had they not sold those shares in the last few days, SP could have reached the important 4.18p level today and eventually sky rocketed from there based on expected RNSs.

Thanks Yonny. I agree to include this in the next 'update' post. I'm pleased you found the links useful

Llallee buddy: Potentially a double act on BGT with Bonum? Yes, it's on the cards as long as my cat is involved. It can predict share price movements. However it got one wrong yesterday and I gave it a yellow card. A red card = drowning.

Regular folks: Any suggestions to add to my next 'summary' post will be appreciated. I plan to do so when we see a bunch of new people on the forum and/or something mega is announced. Thx

For the new folks on this forum, I have updated this post with 4 key presentations about BPC. It is worth the 60 minutes time to learn or to be reminded so that you can make informed investment decisions..

1. Listen to Simon Potter (BPC's CEO) speaking about the new Uruguayan exploration license announced in an RNS yesterday. June 2020. 12 minutes. https://castbox.fm/x/1GPRA

2. 'Bahamas Petroleum Company PLC's (LON:BPC) Eytan Uliel speaks to Proactive London's Andrew Scott after inking a rig contract for its Perseverance-1 exploration well which is slated to start potentially as early as the fourth quarter.' May 2020, 12 minutes. Watch https://www.youtube.com/watch?v=FfU_9wVTndo

3. Excellent slide show (14 pages) giving elevator pitch. Read https://www.bpcplc.com/wp-content/uploads/2020/02/BPC-Proactive-Presentation-website-20-February-2020-FINAL.pdf

4. Very informative 'deep dive' by industry expert Dr Zac Phillips. February 2020. Read and watch https://www.proactiveinvestors.co.uk/companies/news/912143/bahamas-petroleum-company---countdown-has-begun-912143.html/long

It is exciting times for the company and in the top 5 exploration drilling projects in the world based on prospectivity over the next c12 months. Today's market cap is c£70m/$88m of which 14% is internally owned. I believe between now and drill date, hedge funds and high return investment funds may have a flutter out of their 'petty cash' based on the potential huge ROI. Risk appetite has returned. However if they do, there's only c£60m shares available to buy globally assuming everyone else wants to sell.

Please refer to my previous posts and other long term holders who have undertaken substantial research and held the stock for several years, such as I. I very much believe in this company and its Board. I am NOT a day trader. Have a great day.

Please share your findings with us. It will be appreciated thanks.

thx Bonum. Same presentation I shared however your link was not censored by LSE which is very helpful.

Credit to Whoppy from the 'other forum, the name of which may not be uttered.' Listen to...
****************************/articles/new-articlebahamas-petroleum-company-cluff-natural-resources-and-glen-goodman-on-bitcoin-071a1b6/

BTW, on the same forum Mr Global had some very interesting points today, in between insulting his alleged 'muppets'

I harvested this report from 2010. To be clear it's clearly old news, when POO was >$100, however based on trading patterns at the time, a key point to takeaway which may still apply now, is at the top of page 36. The page title... 'Medium term explorers: Buy early to avoid the rush – outperformance ahead of drilling has tended to start at least 7-8 months ahead of well results.' As a reminder, this is approx where BPC is now!

read...
https://www.bpcplc.com/wp-content/uploads/2017/07/goldman_sachs__europe_energy_oil___gas___e_p___5_november_2010.pdf

Thoughts?

I have noticed several large sells the last few days, with delayed reporting. I assume it is the Bahamas family owned financial institution liquidating some of their CLN holdings that came into play on 4/6.

My take on this:
1. They are aligned with ordinary shareholders and do not want the SP to plummet, otherwise they will shoot themselves in the foot.
2. They are not dumping. Merely liquidating in dribs and drabs.
3. Being a family owned bank that has done very well out of this deal (1.27p I think), they may just sell the equivalent of principle plus interest and hold some shares in case SP soars. An ordinary retail bank wouldn't.
4. These sells have been feeding buyers, yet SP has gone up.
5. However at some point soon, the CLN holder will not have the shares to sell (or want to sell) and demand will likely outstrip demand by a much larger factor than now.
6. an additional point to bear in mind, based on today's RNS and the one in the next week or two (Yesterday I did predict the possibility of an RNS today!), institutional investors may want to do a deal via in-house broker (and MM) Shore-capital to buy the CLN shares direct.

Let's not forget, today the company ONLY has a market cap of c77m. 14% is owned by directors/staff. The net £66m provides huge scope for upside based on the potential which now includes Uruguay.

Bottom line: again I address the day traders. Don't be caught out again. It's possibly happened twice in the last 3 weeks to you. Buy some shares in BPC and keep some of them long. Various posters on this forum have been frustrated that during times of upward volatility, they cannot even get a quote, let alone execute a buy. IMHO

Ron, it depends on the planned usage of the valium. If it's it keep you calm from excitement after you buy, subject to reading all our posts the last few weeks, then buy. If its to avoid depression if everything fails, then don't buy. This does not constitute investment advice.

Proactive presentation just released https://www.proactiveinvestors.co.uk/companies/news/921432/bahamas-petroleum-company-expands-footprint-securing-new-uruguay-acreage-921432.html