However, correct you are with the share price you must admit that once Lukoil deal complete and money in the bank if Bowleven were to sell off all assets preferable after bomono drill and then we would be left with mimimum £200 million in the bank. Liquidating the company after that would result in each shareholder ending up with 60p a share minimum. A lot of people are invested here on that fact alone which is very reasonable. If we lose money from here it will be because of pure bad luck which can happen to any investment (look at tesco profit error for example). This is one of the clearest buys in AIM and you are just expecting the pure bad luck to hit based on your comments.
in childrens terms then......if your company has 10 investors each with 1 share worth £1.....its worth £10......if you do a deal that brings in £20 cash to the bank the company could cease trading and give £2 each to the investors :-)
Luton and Sir G. Plenty to look forward next month. Yes, this is Cameroon and things move slower than in the UK. However, the signed decree must by law be gazetted and this will be done on the 30th with completion probably taking place within 15 days of gazetting. Around the same time, expect Bomono to spud and with good news in that respect, a decent rerate in the sp. Agree, everyone trading water and holding firm until the deal completes. Just a matter of time and being patient.
I still can't see why cash in bank would push a share rice up significantly. Ok. I can see a short spike as the usual novices pile in on the thoughts of 60p by end of week..... but cash in bank? It's profits that will push share price rise and I'm afraid that's a long way off. You can ridicule all you like because the only people looking stupid are those with an attitude of adding nothing to the debate apart from this share will fly. Thankfully there are only a very small number of you and it is always the same people so doesn't mean a lot. Jealousy and stupidity will lose you a lot of money if it hasn't already.
Hi SirG Delays and Cameroon go cap in hand . The only thing that will move the SP here is when the dosh goes in the bank . We will soon find out our fate on that one way or another . If all goes to plan then the SP will begin to have a sustained rise on each bit of good news after the farm out and there should be plenty of positives in the pipeline. All hinges on the deal going through imo . Lucky that Bonomo extraction costs will be low enough to ensure every one involved in the deal makes a few quid. SP imo will be about 70p here in the medium term after news . Just treading water until we know our fate. ATB.
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