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216 4 k shares sold, nil bought, where are they sitting on the MM desk, or maybe someone has bought them or transferred them to another account.
No doubt it will all come out in the wash.
I sold the majority of my holding the day after the Div news. I doubled my holding (luck really ) the few days before the news..
Far from being a KH supporter however the day COC took over I sold everything taking a £90k hit, and at that time 1msn indicated that I was silly and there was only upside from there on out.
Price drops and suddenly the doomster Kevin hart supporter club shows up rubbing their hands together laughing lol
How much exactly have you lost 1msn? You are nuts to have invested a large amount into a dodgy little AIM oiler like this one. The best case scenario is about 30p tops and that is been very optimistic (i.e. FID and resulting takeover).
Why do you say that?
I did tell you so , You must be £1m under water?
Read the annual report: http://www.bowleven.com/sites/default/files/bowleven-ar-191219-f.pdf
It is actually quite positive with tonnes of information on Etinde
It’s on it way .. see you all at 1p
Let’s take it down to zero and see what happens!
The trades taking place over the last couple of days are mainly auto's sells and looks to be orchestrated between the big boys, possibly someone building a stake.
For the number of sells taking there has got to be a buyer and there is none showing. IMHO DYOR
This share now must be rock bottom, been here on and off for 6 years but now just have that feeling I may be able to recoup some loses . Yeah you can say it’s binary but hasn’t it alway been.
Thanks for the insight
hi jadee
i just think that is what any CEO has to do, until you are officially sold the company line is business as usual, they have to articulate the "going into production" approach because as of now, publicly, that is currently the only option
but of course i could be completely wrong and we are all in it for the long haul!
With the CEO saying in the results that BLVN may need to come to shareholders or similar for cash to develop, how does this sit with COC wanting to sell and not go down the production line?
i ought to add the single biggest risk in my mind is the Cam Gov...........
yes shampol.......absolutely, i have said it before and i will say it again............COC do not want to be in this for the long term, that is simply not their modus operandi..... and the fact they distributed that large chunk of cash via the 15p divi they aint going into production, they will be more than acutely aware that you have to pay to play!
plus they must have some sort of binding assurance that a deal is on the table as its such a risk to take so much cash off the balance sheet if they knew they were going all the way to first oil........
if FID comes its a multi-bagger from here................we know the CEOs options trigger at 45p, but the question is do the CEOs shares trigger at 30p now the 15p divi was paid (so thats your combined 45p) or is it a sale has to be 45p or above?
it seems a long way off from todays current price but it all adds up to a sale at multiples of todays price to me, of course there are certain individuals that just post based on pure emotion from the SP action or if they are in or out, but again just look at the fundamentals and ask yourself will FID arrive before 2021.......the answer to that question should determine if you sell or hold/buy
And it may not take as long as many may think; one would assume that COC, now that reserves have been pinned down and production profiles established, will want to sell off their holding as soon as FID is approved rather than wait around for construction and installation of facilities.
it is a binary bet......................market is pricing it as Etinde is literally valueless and it wont go ahead..............if you believe that sell..........but there is still the cash so zero is unlikely
or if you still think Etinde will go ahead, which is what everyone (BLVN, COC, LUK OIL, New Age, Cam Gov, insti holders) all want and think (as havent seen any big sells) will happen, then hold on, it could multi bag from here
this is AIM so price very very rarely matches intrinsic value
Old money included the DIV of 15p so 21p in total.. I pretty pleased we are still at this level. this reached 18p a little while ago.. so 3p in new money..
What on earth do you mean in old money msn. Can you elaborate how its holding up well after the shocking fall in price
Just highlighting that the share price is holding up really well.
cheers MSN......as per usual an opinion based on absolute zero substance, fact or data point, just a view that suits your current in or out situation
Held up pretty well in my opinion .. still 21p old money... this will start looking attractive when it reaches 1-2 p
that shoould say ADVFN not LSE!