Member Info for Tex2374

Harry has gone! He said he was selling out.

OK Bonum, different people, different plays.

Personally, I will vote yes. Each to their own.

I'm not seeing the bloodbath some anticipated. Last time I checked we were blue, maybe we end up red, but clearly not a bloodbath.

Tex

"It's a tin pot company but enables the BPC management to tap financial institutions for cash, in the event of a Perseverance 1 duster, to cover costs of developing CERPs other assets...and effectively keep the BoDs in a Salary!

In shareholder interests??"

Bonum, my argument that in the above scenario (PS1 is a duster) this merger is actually in shareholders interests as without it we would have limited other options left for the company.... From the CERP side, I would be saying the opposite as they are now taking on the exploration risk.

However, personally, I expect a positive drill, as I am sure you do. Therefore, nothing has changed in that respect.

Bonum, your argument doesn't make sense.

The merger has zero effect of PS1 being an duster or not. If we hadn't merged and it was a dusted we were screwed, if it is now a duster, at least there are other plays...

What is the downside on negative PS1 results?

C-19 created an opportunity for BPC to merger with CERP. I assume they already had merger and diversification in their medium term strategy and now, as a result of C-19, they now have two new plays secured.

I assume the plan was to have drilled PS1 prior to expanding the portfolio, however, the drill delay from C-19 and the opportunity to merge at an optimal price (again created by C-19) mean't that the timing changed from what the plan was back in January.

Priority remains PS1, this is where the real money is and the recent assets acquired will not change the probability of success on that drill.

I read one interesting comments (sorry forgot who posted it) around a lot of PIs being p*ssed off as this would potentially scupper their strategy of riding a price increase to spud and then selling pre-drill.... I get that and I think this could be true (especially since there is still a lot of head scratching and the plan is not clear yet). However, for me, I was in it for the drill and therefore nothing has changed. Yes there are more shares but in the grand scheme of things there is still huge potential upside and now the potential of a bigger play.

If time frames around PS1 change I will join Harry throwing various toys around. For now I will observe and wait the inevitable news.

Harry - hope you went for a walk and if you have bitten the bullet then at least there was the opportunity to dump all your shares this morning an no more than -10% of the yesterday close price and avoid the bloodbath..

Tex.

Quick quick, Harry.

You can dump at 2.6 if you are very quick.

Harry the title says it all.

That’s nonsense.

Please sell up.... quickly, before the 50% drop????????

You are just talking complete and utter tosh.

Best Buy some funds, it will keep your blood pressure under control

Harry - I know you took a kicking at SXX but don’t let that taint your judgement.

Lol this is hilarious.

Harry, best sell any Aim shares you have (not just bpc). Clearly, it’s not worth risking your health by investing at her casino . Maybe an early morning walk would help?

Let’s see what8am brings.

Best take a few breaths and read the details. Lot of drama lamas around.

For me selling doesn’t make sense, especially when you consider the role of C-19. Remember, we should have drilled by now.

Honestly, I don’t know what has changed. The #1 priority remains the drill and I assume a major player is ready to move in, hence the diversification.

More news is on the way.

Spot on.

The play may not Be crystal clear yet, but I wonder why BPC would be acquiring additional licenses and assets.......hmmmmmm

More news on the way, read the assurances given on perseverance #1... connect the dots.

its just a glitch in the matrix.

Investment decisions based on someone taking videos of pumps and lorries on Twitter, I think I have heard it all now.

I think we may dip below 0.2p. I just picked up 1m at 0.2p.

Tex

Yes. Bunch of kids spending their days fighting on a faceless BB.

‘I’m right’
‘No I’m right’
‘You’re a ramper’
‘You’re a swampie’
‘You said this. You said that’

Life is too short to spend time posting endless tosh.

The sad thing is it puts off new posters with a external perspective.

I bought in BTW. Worth a punt at this price. Might lose some, might make some. Who knows.....

Tex

So much talk about ‘swampies’. Can anyone provide a definition? Just checking if I am one or not.

Seems a lot of people are fixated on them.

Form my 'simple' perspective. Short term share increase will be driven by -
- JORC
- PEA
- The next stage development plan (i.e. 'OK, how are we going to get the stuff out the ground? On our own? With some help?'). For me this is the one which could create a re-rate.

I am expecting all the above by winter.......

Then you have other potential factors:
- Material re-rate in ValOre share price.
- Inclusion in the Discovery Group (that one is pure speculation).
- Someone could always just come along and buy us :-) :-) :-)

Then underpinning all the above you have the fact that the share price (excluding a T/O scenario, of course) will ultimately be driven by sentiment which requires PR and a whole set of additional factors.

That's my non-technical 'simple' list. Personally, I am not too hung up on the SP. It has survived and recovered from C-19 faster than most and has again found its comfort level around 2p. Let's see where we are in 6 months, we are only at the start of this journey, long way to go yet.

Tex.

If the bid dips below 0.2p then the fireworks will really start.....