RE: Everyone ready for a big week ahead5 Jun 2022 21:47
Also the admission of 460m new shares on 10 June subject to shareholder agreement at the GM. That’s a significant increase of about one third of all shares in issue. Placed at 0.7p, it will be interesting to see how the SP reacts to their admission. It may be that the purchasers are sticky or that many have been forward sold already for a profit.
For the record I have always thought that BP has significant potential if the ores are opened up sufficiently. The new drilling rigs may help that situation if they are maintained etc.
What has been poor is the absolute shambolic mismanagement of virtually everything by Prelea and the board. They have either lied persistently to shareholders or been so naive in their forecasting, probably both. They need to demonstrate that they now have a realistic mine plan for BP that will prove up the probable resources and make them accessible. That should be the starting point for the GM presentation and focus of the Q&As tomorrow.