The MM's are controlling and the whole process of the second phase has seen less enthusiastic buying than 23rd August when BLVN were happy to pay 28.50p. So whats changed ? Well, we have received another 15 million dollars at the end of September and other than that nothing in the public domain. There is no urgency about the purchases so presumably the ' motivation ' has been neutralised or does anyone have any other theories ?
bit worrying -what will happen when they finish the buyback- as its not really going up with nearly half bought.!! must be buying to hold the price up for the agm!! strange with no news for so long the bod should have really be motoring to get bomono to revenue early. maybe outsource everything to petrofac on a profit sharing basis and close down everything else. expenses would drop to less than a million a year E&P put on hold. and when etinde and bomono start paying out large dividends re look at E&P in 2020. must be OC's PLan for the bod!!!!
Market really moving now- great Oh dear blvn flat to down -let's see what Kh says at the agm. He must be held accountable to those areas he can be measured against Progress on bomono If it revenues by June 2017 = bonus If not 0 no bonus
Well the market makers are having a nice time front running BLVN, safe in the knowledge that they will have weeks in which to cash in. Currently being offer 25.08 to sell its easy to see where they are making profit of the weak and from those who need to liquidate.
very telling blvn buying almost 400000 shares a day and sp flat. so many PI's must have had enough but as the final play on etinde and bomono is within 12 months worth holding on unless its all the bod's relations selling up? still strange no rumors on funding for drilling or anything else.
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