Bahamas Petroleum Share Discussion Threads

[dynamohum] 14/2/2020 09:32

Disappointing any which way you cut, what effect financially and in sentiment has yet to be ascertained. . .
I’d be very nervous if I’d bet the farm, or even the chicken shed . . . .

[specialistslegion] 14/2/2020 08:36

We will weaken further today but should stabilise around 3p. If they donot manage to sort the CLN out then this will be a historic failure rivalling the ineptitude of the posters here.

[specialistslegion] 14/2/2020 08:35

This cannot be spun BigSi. It is bad for sentiment. Period!

[bigsi2] 14/2/2020 08:34

II should have access to main market - so why buy into an illiquid fund.apart from the potential 79% teaser.Although not guaranteed due to remaining uncertainties.At least they now can say we offered to Bahamians on same termsAnd they have some Bahamian dollars for any brown envelopes required

[specialistslegion] 14/2/2020 08:30

We will weaken further today but should stabilise around 3p. If they donot manage to sort the CLN out then this will be a historic failure rivalling the ineptitude of the posters here.

[the millipede] 14/2/2020 08:29

I think the problem is they restricted access to the MF, via the 10K minimum investment, to a small group of Bahamians most of whom already have access to the shares on AIM.

And why would anyone invest in the MF, with its bizarre liquidity rules and annual charges, if you could buy the shares direct?

In that context it is a surprise they raised so much. But it was never that relevant to BPC, or the drill. Etc.

[al h] 14/2/2020 08:22

Hardly surprising they failed to attract "investors" given the extremely poor chances of success ... as is well known for these types of exploration drills.

[specialistslegion] 14/2/2020 08:19

Now idiots. We better hope that the CLN is released or we are going to go to 0.5p. Last chance now and we will know within three weeks at the latest.

This event today should not take the stock down more than 5-10% although it is not good for sentiment.

[specialistslegion] 14/2/2020 08:11

How can so many idiots be in one stock. Thank goodness for BigSi - brings some rational to these muppets groupings.

[bigsi2] 14/2/2020 08:11

Now the sideshow is out the way-let's have some contract news please

[specialistslegion] 14/2/2020 08:09

Now idiots. We better hope that the CLN is released or we are going to go to 0.5p. Last chance now and we will know within three weeks at the latest.

This event today should not take the stock down more than 5-10% although it is not good for sentiment.

[thatsmart1] 14/2/2020 08:08

TROLL ALERT!!!

[specialistslegion] 14/2/2020 08:07

Idiot 2solaris comments as usual. The offering failed - Period. Idiot.

[loglorry1] 14/2/2020 07:54

Very bad news that BOc can only raise 700k at such a huge discount down at 2p.

Sure some special restrictions but this is a pretty bad miss.

[bigsi2] 14/2/2020 07:51

With a possible £2m to be raised it was never going to replace CLN-

[linton78] 14/2/2020 07:42

Pro - that was always going to the case. The MF was a side show for local investors only, not part of the core financing.

[bigsi2] 14/2/2020 07:29

The Fund has initially been licenced as a "Professional" fund, such that qualifying professional / institutional investors will be able to subscribe for shares in the FundSet up initially being offered to "sophisticated" investors not regular Bahamians - Seems institutions not that interested even with 70% immediate profit potentials- ODD

[2solaris] 14/2/2020 07:28

Many businesses out there may have spent a lot of their spare money on repairing damage after the hurricane.

[whoppy] 14/2/2020 07:17

I would say most Bahamians aren't even aware drilling is starting in a few weeks. When the news is out that a rig is on the way they will take more interest.

[bigsi2] 14/2/2020 07:17

Rather feeble take up considering the immediate potential-70% 2p to 3.4p