We were already told it was on it's way so I guess it all depends whether you thought the Cameroon government were going to pull a stunt.
IMO they value their reputation as a stable country for international oil investment too much to do that.
They had no legal reason not to issue it.
My point is that IMO the main reason for BLVN's sp being where it is is the lack of available funds to progress anything and in truth they still don't actually have their paws on the cash yet. They had a drill to complete on Bomono or face a penalty - with some drill bit luck that could now be value enhancing rather than a drag on the sp.
Yes they needed possession of the EEAA of course they did - but did many of us really doubt that they would get it .........eventually
I think most people have adopted this strategy since big losses during 2011-2012!!
Plus Alan Greenspan and all the big investments banks have highlighted that equities are to go a significant correction. As quantitative easing gets scaled back in the face of impressive economic figures I think all shares will underperform.
Next catalyst for BLVN has got to be its Bonomo drills. Everything is priced in otherwise. Let's hope it holds 38p
the trouble with these RNS that state everything is a done deal except for the final signature is that the market doesn't really respond because it is not a definite ...however when the signature does eventually come the market doesn't react because it was expected.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.