Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Imo , no chance COC will try and take us private; they have not got the necessary funds
markp yes but they still have to put the offer to other shareholders and if no one else agrees then the sale isnt going through, has to be an attractive enough offer to get all shareholders on board..............i would vote for anything over 45p, not below
But that would mean the other 70% of shareholdrs accept the bid, can't see that at 30pps? Most must have averages higher than this surely
COC would only need to offer a min of 37p if that were the highest price paid in the previous 12 months. No reason they could not gently and slowly accumulate over the next 9 months and then try to buy the lot for closer to 30pps
They're not showing all buys either. Bought 2 lots this a.m within couple of minutes and only 1 lot showing!
They?! Seem to hold the price low with no real breakouts!! When are they drilling etinde? Should be anytime now? Using Vog to revenue must be less than 6 months away We just need one of these to happen for the price to spike Unless coc get over 30% and get it all for 37p!! If we breakout before then probably coc will have to pay 50p a share
whats that all about???
virtually zero trades all day....strange
http://www.heraldscotland.com/business_hq/15564921.Bowleven_updates_on_Cameroon_stake_sale_talks/ BOWLEVEN has said it remains in talks about selling a stake in its West African territory months after a boardroom cull at the oil and gas firm once based in Edinburgh. Former chief executive Kevin Hart left after being voted off the board along with four other directors in March. The purge followed a campaign for change led by the Crown Ocean Capital investment business. Bowleven said yesterday that talks about an agreement for Victoria Oil and Gas to buy in to the Bomono licence onshore Cameroon are progressing well. The agreement was first announced eight days before Mr Hart and former colleagues were ousted from the board. Victoria has exercised its option to extend the termination date of the agreement to 31st December. Bowleven also has a stake in a licence off Cameroon. Run by new chief executive Eli Chahin, the company has its head office in London. It has put exploration on hold. Crown Ocean Capital has a 26.2 per cent interest in Bowleven.
Could these 2 undervalued small-cap stocks make you brilliantly rich? Thu, 28th September 2017 - 14:46 Share this The world of small-cap oil and gas companies is a shady place, but some companies have brighter outlooks than others. Victoria Oil & Gas (LSE:VOG), as well as BowLeven (LSE:BLVN), look to me to be two such companies. Victoria and BowLeven are working together to unlock value for investors. Earlier this year, Victoria signed a farmout agreement with EurOil Limited, a Bowleven subsidiary, to acquire on completion an 80% working interest in the 2,237 sq km Bomono licence, adjacent to Gaz du Cameroun's Logbaba field. Gaz du Cameroun is a subsidiary of Victora. Today, the two companies announced that they had extended this farmout agreement once again until the end of the year as they work with all parties to generate the best results. Falling revenue Even though Victoria is heading in the right direction, the company's results for the six months ending June, which were published today, show a contraction in revenue and profitability. As production increased by 11%, revenue fell to $15.4m, from last year's $23.6m and earnings before interest, tax, depreciation and amortisation fell to $4.4m from last year's $14.2m. Nonetheless, despite these uninspiring results, management is highly optimistic about the company's outlook. Commenting on today's figures, chairman Kevin Foo said "the challenge we now face is building our business into one which is four to five times our current size. I believe that this growth is achievable within five years." He continued that "GDC is very well positioned, as the only onshore gas supplier in Cameroon, to meet this demand." The potential gains on offer here for investors are clear. If management can hit its target of growing the business five times within the next five years, investors could be set to see a return of 500%. The risk here is that the company does not meet this target and instead (like many other small-cap oil & gas companies before it) runs out of cash. In this case, investors would likely see a 100% loss. Risking 100% for a potential 500% return is, in my view, an attractive bet. Unlocking value Investors could also see healthy returns from BowLeven as the company works with Victoria and continues to develop its portfolio. The company's interim results showed that the business had $90m in cash at the end of March, which is worth around 19.5p per share based on current exchange rates. On top of this, the deal with Victoria should unlock around $6m to $7m in direct revenues and royalties, corresponding to around $4m in post-tax cash flow, according to City analysts. The net asset value of the firm, including these prospective cash flows, is estimated at 53p per share, that's around 71% above the current share price. http://www.iii.co.uk/articles/447821/could-these-2-undervalued-small-cap-stocks-make-you-brilliantly-rich
http://interfaxenergy.com/gasdaily/article/27698/ghana-signs-lng-supply-deal-amid-fsru-confusion Interesting news from the region. Gazprom supplying Ghana with LNG. Cameroon next door, potential dealings with Lukoil?
bomono
its like willy wonka ,ever lasting bonomo extensions
Positive news from them hope it it speeds up revenue flow No update?! From the bod?!!!!
Some good buying Would not be surprised if the bod. Paid a small dividend from the cash
master blaster......thats a bit misleading.......cash in the bank is 24/25p, no where near 45p
what happening here then, life at last
and me, Iam Spartacus etc
Cash in the bank is worth more than 45p. So it's a no from me.
Late afternoon activity may point to an RNS am, fingers crossed.
its gotta be COC trying to get to 30% and then take the company private...........gotta offer highest price they paid in proceeding 12 months.......currently around 37-38p i believe think they will have to offer around 45p or greater to get the votes though
Let's hope
breaking above 30p.... 30.75/31.5
Looks like we might get another holding RNS.
I cannot recall the last time the share price was so tightly controlled. It is impossible to trade it's been held between 28.75 and 29.25 for nearly two months. To me it shows that the market has no idea what to do with it. On one hand the agreement from the government could come at any time on the other COC might go for an all out buy out. Until either one of these two factors become clearer we are stuck here. It's still better that the 20p-24p under Kevin though! Wonder what he's up to now.....