Your take on BLVN has been consistently reflecting the reality of the situation as opposed to some of the dream on scenarios that some people envisage.. takeover, share buy back..?? dream on.. Survival is the only game in town at the moment.. The cash in the bank is welcome, but it is a reducing asset over time. .. It will get messy when the corporate bonds start to default.. lets hope the cash enables BLVN to stay afloat during 2016... If anyone is hoping for anything else, disappointment awaits..!
I really can't see the sense of an AIM company with no revenues doing a share buy back. Particularly BLVN that has recently given its execs a shed load of stock. Give then buy back? It would have made more sense (in a perverse way) to have given them all cash. Same tax, less dilution.
5-8p trading range ? . More relative than what is happening in the U.S for BLVN is the dosh the company have in the bank & the price the company will get for their Bomono gas once it does get monetised . Limited exploration of the permit block at Bonomo has so far only scratched the surface of the vast quantities of hydrocarbons that will at some point become accessible . What about Entide and the value that is associated with it ?. What about value from possible future J.Vs ?. What about the effect on the SP of the company of a huge share buy back ? . BLVN certainly have the money in their coffers . Also with the SP at this distressed level mainly down to the poo . What about the effect on the SP of a takeover ?. Troll on Chris2 . The only way that you could become be part of an intelligent conversation would be as long as someone else did all the talking .
guy on cnbc said he thought the bottom of the oil price was 26$ and the last time oil got hit really hard it doubled from the bottom - hence he expects oil to be 52$ in 6 months also said will be very volatile and not to be surprised with the 6$ drop in a day. BLVN is in a great position cash in the bank looks like the board has finally got it - pull back to Cameroon move to a outsource mentality and maximize current finds as the oil price recovers! if they get profitable do a buyback program and in the next 12 months get to 80p a share they could well find the market would let them raise funds again when oil at $100 again.
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