Member Info for Tex2374

Chain,

We should be honoured that the three amigos have taken the time to come and spread their wisdom on the the board :-)

Anyway, time to watch channel 5 !

OMG I get off a plane and we are insolvent. Funny I haven’t seen any official notification :-)

Zzzzzzzzz

Spiritefan, how confident are you that it was a buy? If it was it may change things tomorrow, if not the opening price could be interesting!!

Well it’s a good question. You can’t be 100% sure but given the timing of 17:11 it looks like an after hours trade which runs from 16:40 to 17:15. Plus the price at 2p fits with a buy not a sell.

If it’s a true buy the opening price will be higher than close due to the open auction.

You can never be 100% sure though

All IMO.

I would hazard a guess that the buy is someone who was not able to get in on the placing, or someone in the placing who didn’t get as much as they would like. It will be interesting to see if we get info on the IIs bought into the project.

I assume BPC decided that the $11m+ was enough and didn’t take all placing offers, hence the £600k buy today. .

I’m sure all will become clear tomorrow!

Just landed to good news!

Let’s see what happens tomorrow.

I know I should know this (but still relatively new), what is the current II holding % in BPC? £600k represents about a 2% stake right?

Tex.

GLA.

Surely you can understand some of the frustration towards him given the current SP?

Rightly or wrongly a lot of people invested large amounts and It’s only natural they will look at decisions that were made by BoD.

Part and parcel of being a CEO.

I would love a horseradish and beef sandwich. Sat in Warsaw airport which doesn’t have the greatest food outlets in the country.

I get the dilution concern, but this is par for the course in these situations so I don’t see it as a huge negative.

The issue is that till ‘major’ news, this is a classic trading share. It’s going to be a bumpy (and at times frustrating) ride!!

Seems to be a slight up tick. I can’t see what volume looks like so don’t know if we can support a continued rise to close.

If there is volume then we will regain much of the decline. (Staring the obvious I know)

Anyone on L2?

Thanks Interestking. Nice to be on a more ‘stable’ BB :-)

Let’s see how this one plays out. Hopefully the company is good at updating the market on progress. This is what is required to gain momentum on the share price increase, rather than just creating peaks and troughs on major news.

GLA

Honestly, I wouldn’t expect that.

Just look at a 1 month graph of the share price. Lots of traders doing some great 10-15% business, at the expense of people buying in the expectation of positive news.

We need to get through those traders (probably done now) and then see what new investment follows.

Clearly, there isn’t enough investment to create a sharp reversal, however, I think we will see more interest as we move forward and further news is released.

I am still yet to find anything negative in the announcement. I think this is pretty much the ‘best case’ people expected or would have wished for.

I would ask anyone who thinks it’s negative, what do you think could have made the announcement more positive?

In terms of the share price. People familiar with aim shares will have seen this time and time again. You expect a market reaction and get the opposite. The question to ask is, has the news changed the strategy? It the answer is no, them the fundamentals around why you invested are still the same. We are just one step further down the road to success.

There seems to be too many expectations on share price increase, 3p by Friday, 5p by December. The share price is going to take its course and there is little anyone can do to influence it. Bet on the plan and sit back and wait.

I think this is a good share with a good short/medium term future.

Sentiment from the market will change and just because we haven’t doubled overnight has not changed my views on the opportunity that exists.

Tex

Because this is AIM and a lot of short term investors sell on news. It can change direction very quickly though :-)

I haven’t had time to read the announcement, but I haven’t seen anything negative.

Happy days. Seems as though we are drilling.

I’m relatively new to this share, so feel free to correct me, but I would imagine that the BoD have worked through the funding scenarios many times. Do you think they expected the drill to be funded by PI or II? Or a combination? For my perspective, they wanted to give PIs the opportunity to participate, but it’s unlikely they were solely banking on them for the funds.

They will have been having conversations with IIs to drum up investments and this is why they expect to have everything concluded by 8am today. It won’t be the case that at 4pm yesterday they said “right we need to get on the phones and find a few million, sharpish!”

Also, they have a $1m safety net with Shore as well as their own £250k pledge.

I actually think that 50% funding through PI is excellent. I would have assumed they had IIs lined up to provide ‘at least’ 50% and I actually expect we may be oversubscribed as they will have already got IIs interested in taking significantly more than 50%.

At the moment no one knows so let’s wait and see what 7am-8am brings, but I cannot believe that these guys did not have a clear funding path organised with IIs already.

Again, for me, 50% PI support is a massive tick in the box and I assume that the BoD have been planning their scenarios around raising funds with considerably less contribution from PIs.

Just my thoughts, could be wrong but we will find out soon.

Tex

Plus I have one more “punt” left to make.

Is this a good one? :-)

Tobin - Right you’ve got me over here :-)

What’s the craic? Stuck in a hotel bored so I have time to do some ‘research’.

“ What is the source?”

Don’t ask! It’s a bit like the 1 share debate.

“ Cross, has the screen broke on your computer.? That last message is gibberish”

Croz - it’s the wombles again isn’t it?

Codes are supposedly the way that MM communicate to each other about various things. The one lots of people know is 1 share = imminent RNS, but there are others.

Codes:
1 - RNS logged/imminent
100 - MM need shares
200 - Need shares but do not take sp down to get them
300 - Need shares and take sp down tot get them
400 - Trade sideways based on supply and demand
500 - Gap one way or another usually to direction of 500 trade
28/88 - Big buyer around in background.

I always used to say it was complete ****** for the obvious reason that everyone can easily read the codes. However, in the case of Sxx it’s clearly true and a “positive” RNS is imminent! :-)

Lots going on behind closed doors at the moment. Communication blackout. Something is afoot!

Fingers crossed it’s positive.

“ Guys - think he was just being sarcastic”

Oh come on I think the sarcasm was pretty obvious to see? Is IBAB still around this evening? Just reading through earlier posts.

He has clearly given up with the financial arguments.

I think conversations have been going on for a long time. Things didn’t start the second week of September, this things have been cooking for a while.

If you hadn’t guessed I’m feeling positive at the moment.

I think the pieces of the puzzle will be falling into place next week.

Watch this space.