Bahamas Petroleum Share Discussion Threads

[winchester so4] 11/10/2019 08:26

Recognize Why You�re Repeating Yourself.
Are you doing it for emphasis? To remind someone of something? Or are you simply doing it because you�re not sure what else to say? If you find repetition is your go-to �space filler� in conversation, you may want to try out some other ways to keep the momentum. Try changing the subject to something completely new, or giving the other person a chance to do the talking. If it seems like the conversation has run its course, it�s okay to politely excuse yourself.

[specialist protector] 11/10/2019 08:26

Confidence is totally shattered. I was in the stock before and might have participated if the stock was above 3p.

[winchester so4] 11/10/2019 08:25

Recognize When You�re Repeating Yourself.
It�s easy to get carried away when you�re excited about a certain topic, which is why you may begin to repeat things without even realizing you�re doing it. That�s why the first step to breaking this habit is to recognize that you have this habit. Do you find that this subject comes up in every conversation you have? Does it come up more than once per conversation? Do the people you�re talking to often say things like �you said that already� or �you already told me.� If so, repetition might have become a part of your conversation routine, and it�s time to make a change

[specialist protector] 11/10/2019 08:24

Another leg down and weakness at the open today. Market has serious concerns.

[bigsi2] 11/10/2019 08:23

With the benefit of hindsight perhaps the board would have released the OO at over 3p - rather than first attempting to raise with II at feeble prices - they have affected confidence, lowered the share price and limited their options.

[specialist protector] 11/10/2019 08:22

Obviously the lower we go the less likely that the offer will succeed. As such the lower opening of the bid at 1.8p is a terrible news.

[specialist protector] 11/10/2019 08:20

Massive sell of 4.4m at close yesterday. More big sellscwill probably be worked in the market today.

[bigsi2] 11/10/2019 08:20

The question is whether effectively every single shareholder will want to increase their holdings by 25% with the uncertainties going forward and perhaps in some cases already sat on heavy losses or fearing further dilution. personally I do not yet feel comfortable even taking a meaningful position let alone increasing it. the execution of this fundraise has been poor- but the choices were clearly limited

[specialist protector] 11/10/2019 08:18

Can�t see them pull this off. I am hearing that no one is really interested in the open offer and that the offer is likely to fail given the market price.

[linton78] 11/10/2019 08:17

... and then the shares will multi-bag. :-)

[specialist protector] 11/10/2019 08:16

Terrible open. Sellers to appear throughout the day in my view.

[bigsi2] 11/10/2019 08:14

It certainly seems a very poorly thought out process. but the point has been cogently made that cash poor exploration companies do not have a wealth of choice on fundraising especially in the current market- options have as now demonstrated been clearly limited. the alternative funding the BOD referred to as more favourable than raising with institutions at 1-1.5p has been to attempt to raise with shareholders at 2p. Its certainly more favourable for both parties but due to the low share price and market appreciation of lack of choice this late in the day it could fail. time will tell - hopefully they will just about limp over the line secure the drill contracts and raise further funds during the course of the next six months

[specialist protector] 11/10/2019 08:13

Even the mug BigSi2 is out of this death trap

[specialist protector] 11/10/2019 08:12

1.8-1.95p - sorry Mugs. You had been warned. You can still salvage a little bit.

[specialist protector] 11/10/2019 08:09

....... and down we go. Stock down again 1.3% at the open after yesterday�s collapse. Not even a dead cat bounce today.

[specialist protector] 11/10/2019 08:08

Seems Directors have messed this up hugely. Funding likely to fail with bid now 10% below open offer price.

[specialist protector] 11/10/2019 08:06

When price stabilisation stops we will go quickly to 1p in my view
To reflect the risk of a project which is not funded now and is unlikely in my view to get the funding.

[apfindley] 11/10/2019 08:06

Exactly why would anyone buy the open offer st 2p when they can buy in the market right now for less than that, and potentially in under 6 months see a 1.2p placing which was scheduled until it got leaked.This placing is very likely going to fail now as people will want to buy open market shares cheaper, and because people can do that, the placing will have less participants, and therefore will be destined to fail. So that alone will provide the downward pressure towards the leaked institutional placing price of 1.2p Directors have screwed up here big time.

[specialist protector] 11/10/2019 08:04

With bid at 1.8 selling is set to accelerate in my view.

[specialist protector] 11/10/2019 08:03

Disasterous start. Bid at 1.8 now 10% below offer price. Market knows that the open offer is likely to fail.

[specialist protector] 11/10/2019 08:02

1.8-1.95p. Market is telling you that the open offer will fail in my view. We will now see even more sellers come out in my view. This is now game over. No one will give them a penny at these levels - well maybe 1 or 2 mugs.

[specialist protector] 11/10/2019 08:00

End game in 1 minute. Bid collapses at open to 1.8p. Goodbye my friends!

[specialist protector] 11/10/2019 07:55

It is sad that it will have to finish with bankruptcy in my view. However those of lesser intelligence need to be weeded out by the markets.

[specialist protector] 11/10/2019 07:54

Poor poor Mugs. Well the Management team need some cash for the flight back after bankruptcy in my opinion so your charitable contribution is much appreciated. Thanks. You are a Good Samaritan.