Columbus Energy Resources Share Discussion Threads

[arrynillson] 27/6/2020 14:59

12bn - I can't remind you of any transactions I may have made in CERP shares because I don't publish details on public boards - that's why morons like you get frustrated and fabricate my history. People like you can't resist bragging about share purchases in a desperate attempt to influence others to buy - however when the market drops like a stone like TOOP and MRS you are left highly embarrassed.

With CERP you claim no financial interest so it's difficult to understand the gloating when the share price retreats and the uncomfortable silences when the share price is in the ascendancy - I don't even think you know why you do it 12bn - especially as you have so much difficulty understanding CERP RNS let alone BPC!

Egg has understood the issue - why will Bahamanian investors be any more likely to sell than any other investor, BPC is a high risk share - if the drill is successful the share price is likely to go through the roof but as well as high risk there is high cost and they are looking for a partner - partnering will mean sharing profits but if they hit the jackpot there will be plenty to go around so if there is more Bahamanian investment ( as is provided for in setting up the scheme - read the rns 12bn!) I say bring it on the share price reflects the risk - shareholder money reduces funds needing to be borrowed - although the Bahamanian 35m plus shares aren't significant in the big picture and I'm only debating the point to tease you for your sloppy trolling 12bn!

BTW 12bn the chapter on dilution in Shorting For Dummies refers to offers below the share price - like Placings - the Bahamanians buy at the then current share price - have you something against them doing that 12bn?

[jcgswims] 27/6/2020 14:52

Looking back, as far as I can see from previous holding, Rex Caribbean have sold approx 5m since April this year. West Indian energy the same amount but spread over the last couple of years.

[jcgswims] 27/6/2020 14:43

No, Schroders aren't buying, I don't know where that conclusion has come from on LSE. Their latest declared holding is now 82,403,571 after their 2 sales over the last couple of weeks. Lind is selling as per their declaration yesterday. They were always going to though as they only hold shares instead of monthly loan payments.

[eggchaser] 27/6/2020 14:37

From that JCG - someone on LSE recons Schroders are buying??
So who the hell else has been dumping all this time - Rex Caribbean and...?

[paleales] 27/6/2020 14:31

SocGen, Suisse, Peel Hunt , Goldman sachs TOP PICKS for July recovery
27th June 2020 FT Subscription with screenshot

[jcgswims] 27/6/2020 14:28

The advantage of the takeover rules is that we can see who is buying and selling...

[eggchaser] 27/6/2020 13:13

And then again there may not....

[eggchaser] 27/6/2020 13:13

12bn but what if those holders don't sell them? After all it's a fund raiser for locals so assuming they bought them why would they sell at levels lower than they may raise to?

[12bn] 27/6/2020 09:24

As such, BPC Investment Fund Limited will now be issued 35,337,328 ordinary shares in the Company (the "Fund Shares"). Application has been made for the Fund Shares to be admitted to trading on the AIM market of the London Stock Exchange with an expectation that admission will take place and trading in the Fund Shares will commence on or around 29 June 2020 ("Admission")./////// 35m is dilution and 35m to be possibly sold from 29th. There is nothing more to be said,the RNS is self explanatory but as arry normally only reads the Beano he thinks it deserves discussion,the poor poorer simpleton.

[12bn] 27/6/2020 09:21

arry,when it comes to huge losses you are an expert,reminds us of how much you are down here. :)

[arrynillson] 26/6/2020 20:18

12bn - I noticed you've avoided discussion of the technical points regarding today's rns - not surprised as you clearly wrote your tosh on auto-pilot ( more shares must be a negative?).

You had major difficulties understanding CERP RNS even with the benefit of years of trolling so any informed comment on BPC is going to be as likely as you buying shares in anything and making other than a huge loss 12bn!

[panda chops] 26/6/2020 17:07

#10919

ok bsg thanks, i shall put that on one side of the scales

[bsg] 26/6/2020 16:27

I'd wait 'til after the merger. there may be a placing in the wings.

[12bn] 26/6/2020 15:53

100k at 1.8041 the bid is looking dicey here,next week should see the back of 1.80p bid imo.

[panda chops] 26/6/2020 15:40

#10916
fascinating article regarding the history Alistair
thanks for that

#10917 Egg, have you asked that question on the BPC thread?

as an aside, if i happened to be in the market to purchase a few more and assuming the 'merger' goes ahead, would it be more astute finncially to buy more CERP or just buy some BPC, or is it not likely to make much difference, as things stand at the moment??

TIA

[arrynillson] 26/6/2020 11:18

12bn - re today's rns concerning Bahamanian investors in BPC I very much doubt that CERP were unaware of it at the time of the takeover as the invitation was made by BPC way back in January ( read the original rns 12bn!) BPC would have known how many shares were to be issued at 2p in response to the invitation at the end of the offer period.

I fail to see why BPC raising cash by way of shares from Bahamanian investors is viewed negatively- by the looks of it those investors are well in profit now - I know profits from investment have been rather elusive for you 12bn particularly having regard to your huge loss on TOOP and the ignominious loss on MRS.

BTW 12bn the sale by LIND on a regular basis would have been no surprise to the BOD at BPC as it was declared policy by the CERP board.

Re the offer to Bahamanian investors get used to it 12bn - read the original rns - do you have a problem with people from that jurisdiction buying shares in BPC - if so why?

[12bn] 26/6/2020 10:40

PMSL at poor poorer arry. :) JP2011 Schroders probably have over 80m shares left and Lind is part of a death spiral,they are issued shares on a regular basis recently,Cerp has chosen not to pay in cash. The share price here is far from guaranteed especially if the US goes into another covid-19 shutdown.

[arrynillson] 26/6/2020 10:28

12bn - you seem particularly tetchy this morning - you would have done better to keep me on filter if I'm going to bother you this much!

I put it to you 12bn that my constant questioning of your motivation here has stimulated you to question yourself and you don't feel very comfortable with any of the disturbing answers manifesting themselves!

[jp2011] 26/6/2020 09:19

I say let Lind & Schroder sell everything in the next 6 weeks, PIs should buy the drops because the underlying share price is not guaranteed but supported by the takeover offer.

[12bn] 26/6/2020 08:18

35m extra shares at BPC,not good news for Cerp imo.

[12bn] 26/6/2020 08:17

RNS Number : 1453R

Bahamas Petroleum Company PLC

26 June 2020

26 June 2020

Bahamas Petroleum Company plc

("BPC", "Bahamas Petroleum" or the "Company")

Bahamian Mutual Fund Update

Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that, further to the successful completion of the initial subscription period of the Bahamian incorporated mutual fund (the "Fund"), all administrative formalities have now been completed.

As such, BPC Investment Fund Limited will now be issued 35,337,328 ordinary shares in the Company (the "Fund Shares"). Application has been made for the Fund Shares to be admitted to trading on the AIM market of the London Stock Exchange with an expectation that admission will take place and trading in the Fund Shares will commence on or around 29 June 2020 ("Admission").

Following Admission, the Company's issued share capital will consist of 2,483,776,085 ordinary shares, with each ordinary share carrying the right to one vote. The Company does not hold any ordinary shares in treasury, therefore the figure of 2,483,776,085 ordinary shares may be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

As previously announced, under the terms of the Fund going forward, month end valuations will be undertaken. At each of these valuation dates, the Fund may utilise net subscription proceeds to either purchase additional shares in BPC on the open market or, at the Company's discretion, subscribe for new ordinary shares in the Company at the then prevailing market price.

Simon Potter, Chief Executive Officer of Bahamas Petroleum commented:

"Facilitating the capability for Bahamians to invest in our nationally significant project has long been an ambition of the Company. This objective was realised with the creation of a Bahamian domiciled investment fund back in January. Understandably, various administrative processes had been difficult to complete owing to the impact of Covid-19, but with those now resolved, formal admission of the shares is expected shortly and I am delighted to see this project finally coming to fruition, whereby Bahamians can choose, albeit indirectly, to participate in the outcome of the project.

As I have discussed in recent days, we are operationally ready to begin the drilling of the Perseverance #1 well, targeting 0.77 billion barrels of oil. With the signing of an unconditional rig contract, the Company has confirmed a specific window between 15 December 2020 and 1 February 2021 in which drilling will commence. We eagerly await the start of this drilling programme and I look forward to updating shareholders on our progress in the near future."

ENDS

[12bn] 26/6/2020 07:34

Oh dear Lind have joined Schroders in a selling spree,not good for the share price here.///////(a) Purchases and sales

Class of relevant security Purchase/sale Number of securities Price per unit
Ordinary Sale 600,000 GBP 0.0185