Looks like Chris2 was right again, the SP has hit his first target of 22p and looks like going lower. As someone pointed out ROSE has tanked, along with BLVN, and just about every other oilie. Good thing my African Potash shares are up 60% today. I'm quids in on that one.
Asian SP correction (which was well overdue). As far as BLVN are concerned, nothing has changed. With low liquidity and with many off on holiday in August, we are getting far greater volatility . A very decent opportunity to buy at this level.
If I have any concern it is that the Bomono Drilling ,is only a hors-d'oeuvre for BLVN and is taking the focus away from the real cash cow which still remains the exploration and appraisal on the Etinde block that will add more significant value through its 20% interest and two carried wells. But will PI;s see beyond the Bomono drill - I fear not, although the II's will. So as a PI, I like everyone is hoping for a positive outcome for Bomono to bring the share price up closer to BLVN's core NAV of 74p/
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