Bahamas Petroleum Share Discussion Threads

[specialistslegion] 10/2/2020 09:14

This is not good and more weakness will get more sellers out. You clowns now know why we are professionals and you are muppets. Having sold 13.5m at nearly 20% higher on Friday I will buy back if I believe the CLN will be released lower down.

This is just a reaction to the mess up in Bahamas this morning but no need to panic - the share price is oversold on this news and will bounce during the day.

[2solaris] 10/2/2020 09:14

He says he sold 13.5m"!

[thatsmart1] 10/2/2020 09:13

Ignore the idiot whoppy, put him on filter like me as nothing he spouts is believable. He bought at the top and has been caught out on a roller coaster once again.

[dynamohum] 10/2/2020 09:13

You really believe that 😂

[martyn9] 10/2/2020 09:11

It's no real issue, can't understand all the fuss and panic selling. Nothing wrong in getting the paperwork in order.

[dynamohum] 10/2/2020 09:10

3p reached . . . more to come 🤔

[whoppy] 10/2/2020 09:05

It's probably because it's a small place they need the extra 3 days to go through the applications. And no I'm not a flat earth exponent. I leave that to the remoaners of Brexit..

[specialistslegion] 10/2/2020 09:02

Idiots. This is not admin. They are light on the book but this is not the biggest lever of the share price - the CLN is. Meet the conditions to release the CLN we will be at 4.5p / miss and we will be lower than 1p. Hence why I sold 13.5M on Friday. Today is not me - it is the muppets who missed the chance to sell on Friday.

[thatsmart1] 10/2/2020 08:58

I find it hard to believe that in a small place like that they need an extra three days to to do the admin.

[dynamohum] 10/2/2020 08:57

Outstanding Whopper ✊. Are you a flat earth exponent too. . . . .

[linton78] 10/2/2020 08:54

Leno will be working on island time...

[whoppy] 10/2/2020 08:53

The reason is for administration. Says it in the RNS. ie: they have a lot of paperwork/applications to go through.

[thatsmart1] 10/2/2020 08:49

Looks like a sell-off day, they were unwilling to share the reason for the extension.

[bigsi2] 10/2/2020 08:48

10 years on RKH still not pumping -UKEF funding still not assured.that's reality

[al h] 10/2/2020 08:44

After how many more development wells and dilutive fund raisings ? They're not going to sell it for a billion off the back of a single drill, they need to prove it's worth buying, JORC etc, etc.

[whoppy] 10/2/2020 08:41

They won't go to production. The company will be sold. Look at previous companies the management have been involved with. All discoveries were sold for over 1Bn.

[al h] 10/2/2020 08:39

The naivety of RI punters in stocks like this is cringe-worthy. Even in the remote case they find commercial oil how much dilution will follow when they have to raise billions to develop it to production ? Billions, not the paltry 10's millions they're struggling to raise today. Current shares will be largely worthless once the market sharks and money men take their cut. Look at GKP as a prime example, and that was land based not uber expensive deep water stuff.

[thatsmart1] 10/2/2020 08:30

Some sells going through as buys.

[specialistslegion] 10/2/2020 08:23

Where is Big Si???😀ԅ12;

[specialistslegion] 10/2/2020 08:16

I see we have Bull and Bear idiots. It does not look good but you have no idea that they have failed. They are probably light on the book but might have a few close to converting over the next few days. Balanced and rational is failing both bull and bear idiots this morning.

[dynamohum] 10/2/2020 08:09

Fail . . .. so just keep trying , the story so far

[specialistslegion] 10/2/2020 07:56

However this is not the biggest lever of price so the impact of your stupidity is limited in this instance.