I think it is the Institutions that need to buy back into Bowleven if we are to see a sustained rise into the 40's and above. I think alot of investors lack the understanding of Cameroon politics, because most of what KH and team have promised they have delivered but very late and this is down often down to Cameroonian beauracracy which is frustratingly slow. Once the EA permit transfer is agreed, I think progress will be largely out of Cameroon's hands and into the hands of New Age and Lukoil. Which I assume will be good, although you can never tell. Waiting for permits is boring for companies and investors alike, but with the excitement of 2 or 3 drills in the next 6 - 9 months along with GSA, Fertiliser an LNG news all potentially in the pipeline we could be in for a sustained rise. Personally I like probably everyone else has no confidence in any AIM oil share capable of a sustained rise, unless the market starts to change next year. Any successful news - such as Horse Hill - is likely to give investors more hope that a big oil strike could be transformational to the share price, and Bonomo is not really priced in at all and the COS is probaby 50%+ so a big find there is on the cards, however with such a seemingly lack of desire for anyone to farm in, I suppose you have to ask why that is?? Yet again it is difficult to truely draw a positive conclusion, even though there is real hope of a rearate to 50+ in the next few months... Lets see.
SP post deal
Assuming the deal goes through and cash is in the bank, one would assume a rise in SP. But what it will rise to is very hard to determine with this share. You can't automatically value at cash because there is the possibility that management could waste the cash. This share has for years been a guaranteed multi bagger in the eyes of many, but those claims for 150p - 200p do not hold water now, people are fatigued with this share. I will stick my neck out and guess mid thirties once the cash is in the bank. Drill success later in the year plus the big cash reserves is the key, that makes it a functioning business. As it stands I don't think the market trusts the management. I still think people who bought high will struggle to get their money back either way. Sub thirty offers value and in my opinion offers a solid floor.
RE: Malicious lies.
That's a bit rich coming from a proven liar. :) Answer the question Chris2: Why do you post 100% negative posts about a stock you do not even hold? Is it because you are a paid troll? And, rest assured, you are correct about there being no hiding place. ;)
RE: I wonder if
Mighten I add I woud much rather get confirmation on the Farm out as soon as possible but just toying with the idea that if it takes a few weeks to come, there is potentially other news to drive the sp north (assuming the Oil price does not keep dropping which could offset the potential rise)
All of that posted by Kingtrader72 at 19.31 pm 20th October 2014 is malicious lies. That is why I have taken it further. The internet now has no hiding place.
I wonder if
The SP will benefit from a delay in completing Lukoil deal. If financing is announced this week and the terms are favourable and non-dilutionary apart from warrants (presumably issued with the financing), this will allow them to move forward with Bonomo without a Farm out partner other than Fontesa. So this week say we get the financing RNS and the SP rise to circa 35p - 37p, then next week Bonmo drill dates are announced which gets us to 45p... A few more RNS as the drill progresses and as excitment builds we go over 50p. Then Farm Out confirmed and money tranferred by Lukoil allows us to pay of the Bridging loan/finance and we could be over 60p.... All assumption and conjecture and clearly dependant on Bonomo being a success (which is reasonably likely), but this newsflow could potentially have a better effect on the SP than the farm out confirmation coming first. These 2 events should see the SP increase
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