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Well said. T-bar up and double diamond down. Market cap is an utter joke even at year high. SP should be way higher.
like another drop today then; takes forever to go up then drops in the space of two days. wtf!!
Below when we spudded...craxy
results are public knowledge COC should hopefully just state they are trying to flog the Etinde stake to the other partners and return about 75p to shareholders. That will make the price move. Otherwise 45p at best.
i agree even a good result will result in a blip in share price then probably a retrace, suppose its wait until COC sell for any decent value to come out
If we get terrific results we may go back to 40p.... that may be the reality!
yesterday volume was still low, dropped on no vol but that has happened for the last week tbh
Completely agree 1msm,
Also if there was a problem volume would have been far far greater.
Just a tree shake and an attempt to scare weaker investors to part with their shares before news breaks in my opinion and to be honest the way some on here are reacting they have probably succeeded.
Could mean that news is not far away though.
Like said before, to invest at this point in the BLVN cycle, there would have been meetings at the highest level and due diligence done,, they bought their final batch of shares above 40p.. only 10 days ago.. the drill was all good then..
Could be MM looking for week sellers... but its was strange with no RNS
at yesterdays later trades a lot seemed to be buys to me; id have bought more if i hadnt bought last week at 37p
clearly someone got out of the wrong side of bed this morning...
someone sold stock at pretty ****ty prices yesterday afternoon, and that doesn't look good seeing as we're at the business end of this drill.
you can read into it whatever you like.
The spike in volume in the last hour yesterday was abnormal after such a quiet day.up to that point If volume is low this morning I would suggest that it was traders trying to get into a good position ahead of formal news. On the other hand if we see a lot of volume from the get go we may be close to hearing something. As always time will tell!!
haha - I meant a leak in terms of bad results, rather than drilling issues/delays.... 40p down to 35p at this stage is not a great sign, it will be interesting to see this mornings action.
http://www.heraldscotland.com/news/15687056.Former_Bowleven_boss_gets__444_000_payoff/
Agree it doesn't look like a leak, but not the sort of price action you want when you're nearing the end of a drill... Could there be problems with the drilling like with IM-5??
💯 % correct, they do not make a multi million pound bet on a through of the dice.. meeting would have happened..
Agree follow the money
to add knew i should have waited once again i buy at a **** price:(
is still jack all if there was a leak 10s of millions would be traded
As I understand it, HSBC have bought as principal not as a nominee. Assuming I am correct, do you really think they would be adding to their stake at this late stage of drilling if there is nothing there? Now, I appreciate that the company may not have provided all the results from the drilling so far but they would have met with the company and asked some leading questions before adding on my opinion. Others may think they would have simply taken a multi-million punt but it doesn't usually work that way - follow the money!
Since their buying ending we have been marked down on low volume everyday... would have thought if it was leaked volume would have been a lot higher over the last few days.. but Ive got wrong so far..
A shake or portent of bad news? Hopefully the former
What a field day... drop it everyday...takes months to move up and in a couple of days, gives it all back.
If my memory serves me correctly about 75% of this is cash or pending cash, so today's 5% drop is equivalent to a 20% drop in the speculation valuation above and beyond the effective cash per share position.
Market appears to have forgotton the result of BLVN's 2010 appraisal well on the adjacent IE target, which flowed at an amazing 22,909 BOEPD! Show me an AIM listed well with a better flow rate.
https://investegate.co.uk/bowleven-plc--blvn-/rns/ie-3-appraisal-well---testing/201008240700245103R/
Current drilling is in a fabulous postcocde and the balance sheet is a rock solid dream. The market really needs to wake up.
Im sure they cannot be happy with this move down over the last week.. JV meeting this week so hopefully we will hear either way...
might be a sign news on way , should get a rearate now imho