RE: THOUGHT12 Jun 2020 12:24
IK, Jim, starchild, PI thanks for your logical and well thought out input. Sorry to the others I haven't mentioned. Yesterday was gut wrenching to get the RNS and not be able to make full sense of it, for both sets of shareholders. The 22% drop yesterday was obviously too much for some and that's too bad as I believe in a few days they may wish they had waited. Obviously I could be wrong but that's my opinion. To the Cerp holders reading this I suggest you look at the posts from the n as mes I have listed at the start of this post as they have been here a long time and between them there's not much they don't know about BPC and Potter.
The fact is alot of us did get in early with a hope of the sp rising significantly from now to Dec so we could have a free ride going into the drill. Who wouldn't? However, this acquisition has brought a lot of uncertainty and a lot of questions that need answering. What hasn't changed is that BPC will be drilling Perv 1 Dec/Dec and this is still their no 1 priority. The potential rewards are still huge. It just means we will have to share some it with our new Cerp friends. Eytan and Potter have waited along time for this drill and are very confident but they have also got to consider plan b.
Like alot of you I think this move is part of something much bigger in the background. They didn't go out yesterday and think let's buy that?? Thus was probably being planned before Covid 19 came along. Hopefully we will get news soon explaining and answering our questions and concerns and the sooner the better.
Perv 1 Rock hasn't gone anywhere! It will still be there in Dec/Jan and its waiting to be drilled. Depending on what news we get between now and then will obviously determine what the sp will be pre spud and if those that want to can de risk a little. Ideally that's what I want to do.
Good luck whatever you choose but it's still all to play for.