Agreed, a lot of punters fall in love with these AIM stocks and refuse to see any negatives or take criticism of the company very well. The more inexperienced blame MMs, shorters and profit takers/day traders and end up losing 90-odd% of their cash. It's really sad that most of them refuse to listen to advice when people are just trying to help them, you end up getting called a deramper or even worse sometimes.
I think the BoD here are massively overpaid for what they do and as for the cash that is not going to last forever (see above). We do not know how long or how low the oil price is going to go but if I was a betting man I would say that 40 dollars is the new normal. I don't think it will get to over 100 again for a long time. What shareholders want to see is that there are plans to be able to survive and thrive in this new environment instead of just hoping for the price to go up. Hope isn't a strategy as you know! I like the look of Sound, solid company with decent leadership and none of the hype that you find all over AIM. Set realistic targets and actually achieve them, so refreshing to see!
I personally don't think the management has been as bad as many are saying and i also think the deal that they got now looks very good indeed! Basically without that Bowleven would be even more screwed as it would currently have no cash or money coming in - further $15 million payment from Lukoil by the summer regardless of whether two appraisal drills are completed by then. There are plenty of BODs out there who PIs love ed because of the constant RNSs they put out but which have collapsed to a far greater extent than BLVN in the same timeframe as a lot of it was built on hot air (LGO and RRL for example). I'd rather have a BOD that got on with the job and didn't engage with PIs - in fact for me that is a bit of a red flag if they do talk to Pis via email, Twitter, investor meetings etc, as the only reason for doing so is that they need to promote the company and try and sell it to people as a viable investment! Unless oil suddenly rockets this probably isn't going to see huge rises overnight, until there is some actual news (Etinde/Bonomo) and of course that needs to be good, but it does have the cash to survive a prolonged period of low oil prices. Just my view of course.
For the life of me, I can't fathom out why Christ2 has take over a year to tell this BB that he did in fact make profit on MONI and would rather get ridiculed, and belittled for the sake of engaging with investors. And for the record I have never in my post history mentioned The Resident Guru's previous investments, good or bad. But it seems to me he gets his kicks out of being badly treated by some posters, rather than answering questions. This is reflected in the same way he gets his kicks out of everyone being underwater with BLVN. This gives us more insight into this puerile naysayers mind.
Thesonandheir. Yes. There were profits to be made in a period of six months. It was a good share to be playing at the time. You have to trade quickly and not be too greedy when it comes to profit. I get the feeling many on here are "investing" in AIM . Bottom line is that it is a gambling den . You have to think quickly and watch the markets. No good blaming everyone and everything.
Yes correct, Moni has been a disaster so that is a black mark against him. Was in that myself a couple of times and made profit both times, however as soon as Tom Winnifrith started to slate it I got out, he does have a knack of calling a bad stock out like Globo etc.
Anyway, on a positive I see that Garyn has tipped Bow as the best of a bunch of beaten down AIM oiler for when the tide turns. I'd like to agree but would be much happier with a management refresh before I was tempted to get back in here.
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