Tunggie With the way things are escalating it may not be a case of whether Ferrostal and the German Banks want to do business with lukoil and Russia, it maybe a case of the circumstances being imposed on them. I'm shore if that was the case the Chinese or any number of other countries would step in, but these things take time and its time that we are short of ,or should i say time and cash.
Lobster Maybe we can expect an improvement in the SP next week, as the old saying goes, sell in May and go away and don't come back untill St Ledger day. Let hope all the FMs are back at their desks by then and buying BLVN.
"The stock market is where the wealth of the impatient is transferred to the patient."
Happy to wait to get my equity risk reward. 100% confident it will come though. Any time in the next couple of years is fine by me. I may even buy more, especially if we get to 29p as the industry has very helpfully valued the asset at significantly more than the current market cap. The FO deal, at current exchange rates, is worth £150million and yet the market cap is £105million. This valuation excludes the remaining 25% stake in etinde, Bomono, Kenya and Zambia.
So, a market cap of £105million looks like a damn bargain to me. Happy waiting.
Ignore lower lows, higher highs and nearly everything technical about Bowleven as these trading guides do not apply to BLVN. Fundamentally it is a weak share which is why it is do volatile and shy every single rise is sold into due in part that everyone knows it will retrace almost all of its gain.Hopefully a change soon, JPM will not want us this low for any length of time, so perhaps they are not finished just yet?
Looks like a few aren't cut out for this waiting lark - they're most probably motorway tailgaters given such impatience. Could they also be the people who constantly change lanes in traffic jams, only to fall further and further back? Probably best they put their money on the St Leger next week eh? nice outside - keep smiling Lobster
I agree. A totally useless BOD screwing up good assets. If 2014 to date is anything to go by, you can 'expect the unexpected' in the coming months. As of close of play today, last of shares in blvn now gone...at a loss but still a relief to be out. GL to all, hope the £ in the bank appears and you get the expected rise.
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