Bahamas Petroleum Share Discussion Threads

[globalspecialist] 11/10/2019 17:59

Apparently not a lot of investors are going to go for the open offer given market offer is lower than open offer. Much better to buy it cheaper in the open market. Very unlikely that they will raise anything over GBP 500k in my view.

[globalspecialist] 11/10/2019 17:57

I think the share price graph above since JULY 18 shows clearly that this is now game over in my view.

[globalspecialist] 11/10/2019 17:55

DISASTER LOOMS.

[globalspecialist] 11/10/2019 17:54

Apparently not a lot of investors are going to go for the open offer given market offer is lower than open offer. Much better to buy it cheaper in the open market. Very unlikely that they will raise anything over GBP 500k in my view.

[globalspecialist] 11/10/2019 17:53

Apparently not a lot of investors are going to go for the open offer given market offer is lower than open offer. Much better to buy it cheaper in the open market. Very unlikely that they will raise anything over GBP 500k in my view.

[armatrading] 11/10/2019 17:51

From Malcy's Blog:
"Finally how do you solve a problem like Bahamas? On the 3rd of October after a rancorous roadshow the company said ‘the company wishes to confirm that it has no immediate intentions of undertaking an equity placing to institutional investors’ and that ‘the current share price (2p) materially undervalues the project’. Indeed in an interview with me the company said that they had G&A until the spring and only needed ‘visibility217; of further funds…Yesterday’s Open Offer (at 2p…) certainly ‘quells equity placing speculation’ (!)and those in the offer at 2p will indeed get stock at a price that ‘materially undervalues the project’. The company now has a finite timeline, drill in April and at such a time will fortunes be made or lost, it has been an interesting few years for BPC shareholders but will it be rewarding?"

[globalspecialist] 11/10/2019 17:51

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[globalspecialist] 11/10/2019 17:50

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[globalspecialist] 11/10/2019 17:50

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[globalspecialist] 11/10/2019 17:50

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[globalspecialist] 11/10/2019 17:50

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[globalspecialist] 11/10/2019 17:49

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks developments.

No LTH shareholder will give them a penny in my view except a few MUGS here. hahahahhaha - Poor losers - Bankruptcy beckons.

[bigsi2] 11/10/2019 17:44

Not sure if this has been posted- apologies if so but half the BB is on filter https://www.malcysblog.com/2019/10/oil-price-amerisur-trinity-jog-reabold-zenith-bpc-and-finally/?fbclid=IwAR2kSFP2AJNy4iUuI-jFn94OU-DcZy5p8b4WWNIAoCcseRLSnppYlyIlRaE

[bigsi2] 11/10/2019 17:41

No I haven't seen- that's why I asked.I want being facetious.

[linton78] 11/10/2019 17:28

BigSi - have you seen the comments following the Uncas post on FB?

That’s pretty clear what’s going to be happening, current investors will wade into see this OO to see this drilled and protect their current holding.

For example my brother recently sold his house and will invest in the drill (nutcase). Lol

Ps - excuse the typos, at the bar surrounded by pretty Spanish barmaids which is distracting.

[bigsi2] 11/10/2019 17:23

Correct me if I'm wrong but as yet we have no precise indication of potential take up of OO? the shares are trading well but that is not necessarily an indication of desire to take up OO, could be argued the more shares that can be bought under 2p the less incentive for some to partake. ideally it would be more positive to see the share price comfortably above 2p -

[linton78] 11/10/2019 17:22

Keep talking moron - it’s rallying the long term shareholders to dig deep.

[globalspecialist] 11/10/2019 16:45

I am hearing no demand at all for 2p placing. Disaster looms in my view. Only option left is maybe to offer at 1p but even then no guarantee of success. O.4p a more realistic level given last weeks deveolpments

[universalspecialist] 11/10/2019 16:36

price deliberatly being kept under 2p as to entice fresh money and ii's looking for a bargin........drilling will commence regardless of extra funds.....so there naughty dipsh!t doom spreader

[universalspecialist] 11/10/2019 16:35

price deliberatly being kept under 2p as to entice fresh money and ii's looking for a bargin........drilling will commence regardless of extra funds.....so there naughty dipsh!t doom spreader

[linton78] 11/10/2019 16:29

There appears to be overwhelming support for the Open Offer by BPC shareholders.

We are chomping at the bit to purchase at 2p and get the drill bit spinning.

[linton78] 11/10/2019 16:27

Toolsmoker - He did give you a nice mention though? :-)

[globalspecialist] 11/10/2019 16:26

Game over in my view. Good night Vienna

[specialist protector] 11/10/2019 16:07

Idiots. 1.9p offer in the market and you think the 2p offer will be taken by all shareholders. No- I mbeciles only by a few mugs here.

[specialist protector] 11/10/2019 16:05

1.85-1.9p indicates that the open offer will fail in my view. Hahhahahah. Imbeciles.