Bahamas Petroleum Share Discussion Threads

[jamins] 11/10/2019 09:00

The price of success or possible entry to the 87p of which ever party is 2p.

If you assume the open offer is the only source of financing for the drill (which is appears to be at this moment in time) the share price is now largely irrelevant. THE DRILL NEEDS TO BE FINANCED.

What is the point of buying BPC shares in the market at 1.7p, 1.5p or 1.0p if the open offer is not fully taken up. Those �cheap� shares will potentially be worthless. THE OPEN OFFER NEEDS TO BE TAKEN UP TO FINANCE THE DRILL.

Those with a very low average can average up and still leave space to breath, others who are well underwater need to subscribe to have a chance of coming out of the other side of this with something

Even if you are underwater with this share, financing this drill you will at worse reduce your losses during the drill, but potentially make money...

If you don�t buy through the open offer, the chance of loosing everything increases dramatically.

I don�t like the term, but the saying speculate to accumulate does apply here.

Also remember the clock is ticking on licences!!!!


Best,

[specialist protector] 11/10/2019 08:51

Has MUG central already turned into SELL central ?

[specialist protector] 11/10/2019 08:51

If market believed in the project the price would have NEVER EVER gone to below the offer price.

[specialist protector] 11/10/2019 08:49

Bid collapsing.

[specialist protector] 11/10/2019 08:49

Bid collapses again from 1.9 to 1.85p. Funding agreed comment was priceless.

[specialist protector] 11/10/2019 08:47

Hahahahaha funding agreed!!! Hahahahaha

[ravin146] 11/10/2019 08:46

Funding will be agreed, imo and we will start drilling!

Start drilling cmon BPC !

[specialist protector] 11/10/2019 08:41

Sellers will be everywhere today. No one will want to be long a stock set for failure in my view over the weekend.

[specialist protector] 11/10/2019 08:37

This board is now under the complete control of the disciples of the Messiah. His holiness the GlobalSpecialist will hopefully return later from a week in Monaco.

[computercoders] 11/10/2019 08:36

Thst is true, the BoD didn't communicate much for years, treating sharehokders with comtempt, treating them like mushrooms, keeping them in the dark.

[specialist protector] 11/10/2019 08:35

Not sure if I had posted this before.

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[specialist protector] 11/10/2019 08:35

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[specialist protector] 11/10/2019 08:34

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[specialist protector] 11/10/2019 08:34

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[specialist protector] 11/10/2019 08:34

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[laallee] 11/10/2019 08:34

Winchester, nicely put.
I'm afraid you are throwing prawns at peasants...

[specialist protector] 11/10/2019 08:34

Brilliant post by an investor in LSE. So true.

Autonomy1
Posts: 325
Price: 1.875
No Opinion
CluelessToday 08:33
This company has no idea,it has kept private investors on hold for several years doing very little and the share price goes went to a penny .Then they ask us yet again for more money because they have no other options left nobody is going to buy at 2p

[dipla] 11/10/2019 08:33

anyone got a link to the interview?

[specialist protector] 11/10/2019 08:32

In my view next stop is around 1.2p. That is a more realistic level for fundraising given that institutional investors even thought that was too high a price in my view.

[specialist protector] 11/10/2019 08:30

Not sure if I had said this before. Bid collapses to 1.8p at the open. 😀

[specialist protector] 11/10/2019 08:29

Bid at 1.8p. Disaster. Had I said that before? Not sure.

Market hugely concerned in my view. Even MUGs might not fund a project which is likely to fail.

[specialist protector] 11/10/2019 08:27

Another leg down today at the open not sure if I had said that before!!

Confidence is everything in investing and confidence is shattered.

[winchester so4] 11/10/2019 08:27

Like most habits, repeating yourself might take some effort to break. But by keeping these tips in mind, and allowing the conversation to progress naturally, you can make a huge difference in how others feel about talking to you.