I feel most people misjudged here (including the BOD) is the length of time it takes for things to happen in Africa, it's been frustrating to say the least and a lesson learnt I am sure, but we are almost there now and about to jump the final hurdle before we rerate, IMO.
Logically there is no reason whatsoever for Biya not to sign the Decree, Cameroon need this as must as Bowleven and Newage.
I am certain things will look much better by the end of Q1 2015, there is lots to look forward to here in the short to mid term and that's why fund managers are currently buying this share for some very wealthy individuals and trust me they don't waste money!!!
Hi those were from the one in a frock! I was just trying to make the point that over the mists of time the rubbish posting can appear to be correct - that's if you've missed all the ramping ones in between.
boyasaka probably doesn't post much so he probably doesn't read that often either to get the real picture - the fact remains though that they were all suggesting people sell at 21p so its' just position posting nothing more and nothing less.
We should have all sold at 90p! I had some very healthy profit in my PF then but I was being tight and preferred not to have to pay an accountant to stick loads of trades on a tax return having been stung the year before so opted for a longer term holding strategy! I have far more of these then I probably should have but I've averaged down from what I thought was a very healthy average to a fair amount lower and still expect to be making some money here.
I haven't been over thrilled with some of the shenanigans but I think the plan moving forward is pretty clear if the first part of it slots into place.
i read these boards a lot and i'll give you a tenner for every post you can show me that says "top up time at 80p" or "fill yer boots at 60p".......i may be wrong but willing to pay if it was said.......at least while you are searching you are not posting garbage :-)
Unlike your good self. Obviously you have been here a while.Not even upgraded your name to snikers yet. :) p.s took me bow out of the bottom drawer. Got excited. Then remembered that this is bow. I hope to be ramptastic by February as this means at least 35p. Breath held....
These renewals have been applied for . They are not automatic or guaranteed but Cameroon Govt will not doubt reissue them as a matter of course in my opinion. Lukoil and New Age did not want to farm in to them and no-one else is on the horizon with cash to invest in a project that will have to be tied in to this one in order to deliver the oil to the land. There is no sensible alternative to Cameroon Govt if it wants these fields producing in the medium to longer term, than to renew to Bowleven. They could have refused to renew Bomono but didn't.
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