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Our success is in the hands of Biya. Nothing newbod can do. NA are operators​. We live in hope
Chris Ashworth, Non-Executive Chairman said: 'I am very honoured to have been appointed Chairman of this company. I believe that we should be able to transform Bowleven into a major asset for shareholders.
Not surprising given the sharp spike this afternoon thanks to the positive RNS. LSE is trying to work out buys and sells from prices, it often gets it wrong during turbulence.
My buy of 100K is showing as a sell 28.7589.. Strange
Sounding very bullish. Glad to hold.
Can see a big reverse here... strong solid statement...
Is this what CoC wants?? If it is then great ... just wait (and wait and wait) for Biya ( or his successors ) to finally exdigitate. If not, then CoC may proceed as before and buy us up on the cheap.. p.s. Why it is just Eli getting his nose in the trough?? What about the rest of the poor underpaid BoD ..?? Maybe they'll drip-feed the options as announcing everyone getting 10M in one RNS might not be well received ....
to sit on these for as long as it takes. may buy a few more too
of opinions on here. No expert on here but seems like COC are doing all the right things. They can't just sell off everything in a firesale for any decent amount. Costs being cut but will take nearly a year to show benefit; no new daft exploration deals will be chased; concentrate on what we've got, move it forward and sell when it's ready.
Yes totally agree. 10M share are linked to tight fiscal control and share price performance. Good update !
Lets not forget the company bought back around 10 million shares.. so net net this has cost us nothing... the shares in treasury could be cancelled and we are in the same position.. Let the facts speak for them selves 85 million US in the bank, 25 million at fid 40m drill cost = 150 Million US The assets are valued at nothing... even if this takes 5 more years so be it.. it could pay out 10 fold.. In around 6 months we are going to have a revenue for bomono and we will be cash positive.. The market has to stand up at some point at take note..
The cut from 18 to 5 HQ staff is a very strong move. COC are smart - they don't care about their egos as KH did. I'm sure he used to love to brag about how many staff were employed at BLVN. COC don't care about any of that and are only looking to make a profit. Great to have some real business people in control of this company. They have already saved the company £3m per year in running costs. That's investor's money - all shareholders should be delighted with such a saving for a company with around £100m in the bank. If they continue in this way, the market will begin to trust the company again and investors and suitors will once again be attracted.
Yes but it looks like this will only come off in 2022 so 5 years time, I thought the whole idea was to break the company up and dish out the asset value in case to the investors but this looks like we are staying in business for at least another 5 years. What is going on.
For what ! Give the bloke a chance. How knows what they will achieve.
Seems an encouraging update to me.
A solid and robust road ahead..10 million shares if we are at 70p is fine by me... performance pays and we all seem to be aligned
10 million shares is taking the p@@s......for what?
@NT22 dont think we will get anywhere near 45p as time moves on and the SP drops that average will be lowered,basically when COC decide to go for the 30% they will probably have enough cash to pay all shareholders a derisory amount and still have money in the bank effectivley getting the company for nowt. Then they will take it private do what they need to do and re-list in 2 or 3 years... W@@k@rs but ive seen it so many times.....hope I am wrong, I voted against COC exactly because of this (see my past posts) dont get me wrong the other board were useless but sometimes its better the devil you know...I would have liked to have seen COC loose the vote but not by much....that would have stuck a boot up there jacksy.....
I am holding....but your choice may well turn out to be wiser than mine GL.
I have now sold all my holdings in BLVN! Not at a loss but I was hoping for 70p by the end of the year without COC getting involved. I had high hopes here and spent quite a lot of time meeting some of the directors and doing my DD but, despite all of this, the corruption and sleaze in Cameroon is just too stifling for an investment case. The millions lost on G&A over the years due to the bureaucracy of the MOM is staggering. Opportunity abounds elsewhere! Good Luck and all the very best to those still holding.
Tell us what the hell is going on. We, or at least I,supported you in the recent boardroom battle, now you are proving to be just as useless as the last lot in telling us anything. We have dropped from 37p to 29p, 25% give or take and most of us are worried about our investment. Those who say they aren't are lying. Tell us your plans, what has happened to the return of cash to shareholders, I personally was never bothered about that, but would like to know if you have changed your mind and why. Also consider answering emails, even KH occasionally penned a reply.
Where is this going to end, we must be due another rns holdings now and COC must be close to the 30% so a full bid of at least 45p should come soon if COC can carry on buying up stock below 30p. I think we could see 25p-28p this / next week first, so do we top up
what was the result of the discussion to look at off load options? drilling planned this year ? when? can see this going lower before news then at least 45p plus may top up but without any detailed info will hold with my current position
W Shak trawled both wall st and the city to dig up any dirt on the main men of COC and could find nothing but integrity and glowing reports right from the top. RELAX , all will be well.
I think the former directors are offloading their holdings (very little) and all the gravy they awarded themselves (lots). With COC continuing to buy, I think this is a great opportunity and I doubled my holding this morning at 29p.