Bahamas Petroleum Share Discussion Threads

[linton78] 12/10/2019 16:31

We all know that computer.

We are drilling a puddle of 4bn barrels of oil you plonker.....

[computercoders] 12/10/2019 15:48

Jbt2007 you do understand that an ipen offer adds more shares to the mix and therefore dillution of any shares you own.i.e. you end up with less percentage of the company? Serious question.

[specialist protector] 12/10/2019 15:01

Bear in mind. Even if they fail to raise the funds at 2p I am confident they will drill given the reason given before. It will be however at a greater dilution with a more limited upside which is why I am waiting to buy in when it crashes as I think they will have to finance this as much lower levels given the evidence thus far.

[specialist protector] 12/10/2019 14:58

Definitely Simon. No problem with that. It is a 75-25% chance so I am right not to be short but if they pull it off and the stock goes Past 3p then I would have lost upside. At 75-25% obviously the odds are with me but happy to admit that you were right if they pull it off. There is no way any institutional investor will take this at 2p so if the offer is short you will see them coming back with many more shares at lower prices.

Let’s see. Man’s word is his bond.

[jbt2007] 12/10/2019 14:19

You're correct Simon, we will soon see who is right and who is wrong. But are you "big" enough or even BigSi enough to admit it?
I will admit if I am wrong as and when, but will your ego get in the way?

[specialist protector] 12/10/2019 13:59

Simon. This is a MUG offer at 2p. If you read my original piece you would have seen that I do not equivocally believe it will fail but put the chance of failure at 75% so you have 25% on your side and I 75%.

You must not next time reply when you have just got back late at night from a few drinks and not read the piece properly. Your response killed and reason to have a civil discussion. Think then write.

[specialist protector] 12/10/2019 13:53

Simon JBT. Everything I say is correct and will happen. You and your band of peasants will soon see who is right and who is wrong.

[specialist protector] 12/10/2019 13:52

On the day the offer collapses at 2p we will honour The following:

1) The Peasant Simon (JBT)the Eternal Loser
2) The Peasant Chris the Clueless
3) The Peasant Whoppy the Burger
4) The Peasant Janet the Winchester
5) The Peasant Bonum the Clown
6) The Peasant Keith the Poet
Etc etc

These peasants will be honoured on the collapse of the 2p Mugs offer for donating their capital to the elite of our society led by the Messiah. Forever we will name that day “The Peasants Sacrifice Day”. This is the day the peasants take money from the mouth of their family and donate it to families which are better than them.

We thank you for your sacrifice - PEASANTS. You should then work hard and come back so we can MUG you more.

Hahahhahahahahhahahah
Hahahhahhahah

[jbt2007] 12/10/2019 13:49

Simon, I will agree with you on this point. "The change in terms of the options is wrong and massively favours the board".
It was the thing that most troubled me when the AGM took place.
However, I will have left the scene of the crime with a 7 figure sum by then so I don't mind.

[jbt2007] 12/10/2019 13:32

There's only one peasant on here Simon, it's you...
The Castle School indeed.

[cyan] 12/10/2019 12:58

Comment from Malcy on recent BPC actions from 4 min 40 secs;

investors.co.uk/companies/news/904667/solo-oil-analyst-malcolm-graham-wood-expects--significant-valuation-uplift--when-trading-resumes-904667.html

Because of ADVFN's auto delete to this site I have made a space between words 'proactive' & 'investors'

Close the gap to make a working link

[specialist protector] 12/10/2019 12:47

I am a big fan of peasants need for hope and dreams. These dreams allows a peasant fantasist to aspire to a life style he will never have. Partly this is due to parentage and partly due to a low concentration of grey cells.

However this dream is good. It makes the desperate one here to wish one day they like will live like us - in luxury. Put that day will never come for a peasant - cause in capital markets capital flows from mugs, idiots and imbeciles ie Simon (JBT) , Chris, Janet, Linton the Clueless, whoppy, Bonum the clown etc to knowledge ie The Messiah.

We thank the peasants for their capital. Now work harder peasant - make more money so you can give us more.

Hahahhahahhahahah
Hahahhahaha

[specialist protector] 12/10/2019 12:41

So many bankrupts in one place. It plays with their minds :(. Simon, Chris, Janet, keith1 , Bonnie the clown Bonum.... all to their last stock keeping on to an empty dream of riches. Peasants need hope and we need MUGS and peasants to take their money from them.

Hahahhahahahahha

[jbt2007] 12/10/2019 11:27

That's better Simon, much more lucid...

[specialist protector] 12/10/2019 10:25

If they couldn't pull off a placing at a much lower price than this, I can't see long term holders here being stupid enough to oversubscribe an open offer. I suppose sentimentality for a dream does kill finances.

Hahahahaha Exactly.

[computercoders] 12/10/2019 10:11

If they couldn't pull off a placing at a much lower price than this, I can't see long term holders here being stupid enough to oversubscribe an open offer. I suppose sentimentality for a dream does kill finances.

[specialist protector] 12/10/2019 09:49

75% chance of failure according to third party experts.

[specialist protector] 12/10/2019 09:44

The end is nigh. Mugs goes bankrupt.

[specialist protector] 12/10/2019 09:43

Mugs - bankruptcy beckons.

[specialist protector] 12/10/2019 09:42

Good morning MUGS

Bankruptcy beckons. Idiots = no funding = nonoil = Scottish tw*t You are all going bankrupt in my view - Simon, Chris, Janet, Clueless, Burger, smallpat ..... hahhahahah

I am making more and more from MUGS I love MUGS we Love Mugs

[universalspecialist] 12/10/2019 07:51

simon says he doesn't have the time to explain how he is better.....


yet you spent atleast a week on here typing rubbish...even im gona put you on filter now...special simon........buy more bpc

[specialist protector] 12/10/2019 02:41

I think your English is not good enough for you to be on a par with me. Read my post. I said that a drill will happen for sure.

You must first learn to understand what you are reading. Now to some of your points :

1) I do mainly invest on large caps and this is not a punt. When you are as good as I am you can still make sense of the situation using financial and market knowledge

2). Again if you read my post correctly you knew my position. I was long. Now neutral. Will go long again if/when they raise the funding but there is a 75% chance that this open offer will fail based on market pricing. I know this from first hand experience which I donot have time to explain to you.

3) the board of directors of this company are a bunch of clowns. Compared to me they are not even good enough to shine my shoes. Again if you read my post correctly you would have understood that the reason in my view they are not going under now is that the BOD has a lot of options which will vest on funding for a drill therefore they will do everything possible. They are trying to raise the funds at 2p after pumping the stock on last weeks RNS as it is closer to the exercise price of their options. Once/if that fails they will come again at lower levels ie 1.5 or lower and will get this done.

However the fact that the options invest on funding as opposed to finding oil is a huge concern as they will in my opinion sell most of their holding during the drill like me because they know their limited funding leaves them no room for manoeuvre and in most likelihood there will not be any money to dig elsewhere if they miss first time which is likely.

The change in terms of the options is wrong and massively favours the board.

These options will vest once funding has been secured not because they were sure there was funding but because it gives them an earlier exit than the end game ie they can cut and run before eventual bankruptcy.

Now all of you numpties here are absolutely Clueless. You have no idea of the agendas and take events at face value. You have no experience in the markets and management motivations and I have no time to explain to you save you will see how in time I and others like me will quietly take your money without you realising it.

As I had said earlier we never come on boards as we donot deal with numpties like you. Our clients are purely the largest global institutions and we never deal with Mickey Mouse businesses like BPC but I had got interested in this on a personal level and now realise even more clearly how Clueless retail is.

Good luck. You will all lose here if you stay long but I guess someone has got to lose and ignorance will always lose out to knowledge. GL.

[jbt2007] 12/10/2019 01:46

Simon, if you are looking for 85-90% certainty why are you investing on AIM? It's a punt. The vast majority of companies on here are a punt, especially frontier oil explorers. You can't apply logical valuation techniques, it's AIM! You should be playing with FTSE 250 stocks if you want to apply investment logic, it won't happen here.
You seem to have forgotten that at the recent AGM, management ditched their existing options in favour of new options than can only be exercised IF FUNDING FOR A DRILL IS ACHIEVED. What don't you understand about that?
So try and imagine that you are a board director of BPC, difficult I know because it's way above your pay grade and intellectual capacity, why would you issue new options on the above basis unless you were certain that funding was available to drill?
Do you really think that share price after all this time isn't going to engineer the situation to give himself the opportunity to cash out? Don't be naïve.
One way or another this drill will happen.
Let me put it another way, if you had approx. 123m shares via deferred salary and options what WOULDN'T you do to make this happen? Exactly, put your brain in gear and think about it.

[jbt2007] 12/10/2019 01:25

Specialist (Simon) if you are not short and you are not long, what is your position and why are you here?