Member Info for bandit1

A lot of people will have this in their sights but remain sitting on the sidelines. They may miss the first spike on release of positive results from first spud but prefer to join at that time and are content to miss the first rise. It will move very quickly in my view and the buying late on today could suggest that news will come early next week. Let's hope the long wait has been worth while, boy do we deserve some payback!

...to buy on the drop

I tend to agree that this is being manipulated as I have been trying on the drop but can't even dropping the size of my trade which tells you everything!!

I appreciate that the weather in the U.K. is unseasonally hot and indeed most welcome, but times like this call for a cool head in my view. Yes with a significant sum invested here I am also frustrated but with no recent news ( a new NED rarely moves the needle) the last news the market remembers is the unfortunate advice of a FCA investigation ( previous not current manangement) so virtually impossible to attract many new investors until this is superseded by a positive update on current business performance and outlook. From my experience this will re-rate on a positive business update confirming that the restructuring is delivering as expected with perhaps some asset sales to reduce debt, and contracts continue to be awarded. Virtually every piece on good news over the past 6 months has been followed by a negative which has meant that it has been impossible for the company to generate any forward momentum in the share price despite their best efforts. Even if the FCA decide to fine the company and pursue ex-directors this will be overlooked by the market as old news provided that business performance is on track, so that is what I am patiently waiting for along with everyone else here, to shift sentiment. Until then, soak up the sunshine and stay cool as much better days are right around the corner I am certain of that.

My advice to you if you feel that way is sell up and focus on companies that you believe in - that is what most bright people do.

If you are a short term trader with a long position I understand your nervousness. If you are an investor with a long position it is much less of a concern although it would be nice to see the share price start to move up. If I was a short hedge fund I would be looking very closely at the price at the moment as any positive news will start a sharp move upwards in my view. Many people working for hedge funds use these fora - please remember that folks and stay focused on this company with significantly more upside than downside. Our payday will come.

You are an ex-estate agent bitter about the gravy train grinding to a halt and bash this company constantly. I rarely look in here these days as people like you have an agenda so I will be content to sit on my investment and reap the rewards when the old model has collapsed - not before time most would say. You must be a rather dull individual with little better to do. Why don't you take up a proper job? An LPE with PB would be right up your street if you pardon the pun!!

I wondered how long it would take for a negative article to appear in the local rag. In Africa we all know that there are deals within deals within deals and there are always winners and losers. Seems that the losers are venting here does it not? We all have a choice either o believe that U.K. Gov will be on the side of the winners in this instance and to wait for the company to explain how it will impact us going forward or sell and go elsewhere. Shareholders who sell on this type of one-off local fake news story need some investment advice but there will be some, there always is - but not me Gov!!

1MSN - I agree that this is starting to look extremely exciting. What we really need now is a statement from the company explaining the full context for Bowleven and how the massive investment in the locality will rub off on Bowleven's investment. I think we may have to be wait for the results of the drilling before all parts of the jigsaw puzzle are pieced together but management may want to start a steady flow of announcements/teasers to set the scene and to ensure a higher base from which to really take-off.

If you believe the Suntrust situation will come to nothing, cash will continue to flow in each quarter leading to a div probably when the accounts are finalized, and that NNPC will release a steady flow of held back monies in the fullness of time this is a buy or hold. If you don't believe in these it is a sell or wait. The initial spike on the announcement of a dividend would be missed by those on the sidelines but I sense that it would then drift higher as new investors assess the potential dividend flow to discover a fair market value price based on the dividend stream.

Blue fiesta - when you close a short you buy the shares which you sold in the first place. When the short hedge funds reduce their short positions you will usually see large chunks of buys. Given the small free float here and current price this could rise quickly from the next positive news from the company.

Yes indeed they do and no doubt they are rewarded fairly for doing so. I think you will find that a lot of experienced investors invest in AIM companies but will do so with a reasonably small chunk of their portfolio and expect to have one or two BMR's from time to time but they still tend to hurt but perhaps it's not ignoring the cognitive bias which is more painful! For my part I target 25% pa on my AIM investments and often achieve that and more so very comfortable but I prefer Puligny-Montrachet as Bolly is more A PR topple

Brynjon - well just sometimes a share gets under your skin and this is the one for me. I don't have to waste much time reading as it only takes a few minutes but sometimes one feels compelled to jump up on the soap box. When fraud and mismanagement are involved it tends to irk somewhat so my negatives posts are my reflections of being shafted. If I make a bad investment decision based on strategy, timing or some other factor no problem I take it on the chin. When someone robs me it takes on a different meaning. So, the pain has been absorbed but as a shareholder in JLP now as well I do want the suspension to be lifted but if we have a clown at the helm the potential for optimising what appears to be a great asset is reduced somewhat. Yes, Leon and Colin will try and stop him at board meetings wasting shareholders cash on pointless investments but he will be the proverbial loose cannon and as a CEO that is dangerous. If he can be 'encouraged' to step down he has a much better chance of a rerun on his investment here but I suspect he does not believe that!! Only 3 weeks or less to establish what happens next.

Bring - we agree on one thing - 6 months on and we're still up in the air probably approaching the stratosphere in fact. No, I have passed the bitterness phase I am almost sanguine now. Re Ponzirelli you can put lipstick on a pig.........you guessed it......it's still a pig! This company has sadly been unable to secure the services of a CEO of merit to exploit the rich asset but perhaps Leon can be that man. Yet to convinced to be fair but if all goes Pete Tong with BMR he may get an opportunity. I am not one for 3000 posts of inane rubbish so will look in in 3 weeks time and if long term it does turnaround don't misunderstand me, I will be quite content to add to my pile if you get my drift.

I have said it before and I will say it again. How many CEO's of public companies are content to speak on the telephone to so called shareholders, I assume, without any corroboration of their holding which I accept is difficult to do. Answer - very few, as the professional CEO's will keep all shareholders informed at the same time vie RNS announcements which are documented and which can be used to hang the author/authoress. What do they have to gain on conversations which could be recorded and used against them? As someone who rarely posts it is sometimes easier to sit back, read posts and establish a sixth sense of who is genuine and who is not. Some months ago I called out Vig as a highly enthusiastic newbie keen to extol the virtues of this amazing company that he, by his own admission, had just invested a significant sum having sold out of JLP. He demanded that existing and long suffering BMR shareholders follow him as some form of MESSIAH! What a load of carp. BringMyReward, the self-imposed cheerleader has Ponzirelli on speed-dial yet cannot transcribe anything meaningful from any conversation which suggests that either the conversations do not happen or he is incapable of illiciting anything intelligent from them. Perhaps it makes Bring feel important on this Board as his day job as a lower or middle ranking admin person he does not. I don't add anything to this Board other than calling for Ponzirelli's head around Xmas time which was vigorously defended by Bring and others...........mmmmmmm! So, we are now up **** creek. Will we survive, perhaps but as a shadow of our previous being. My dream of making a pile from a pile 8 years ago is looking sad. I accept that I made a mistake and invested in a sham, my problem and I have lost a pile but thankfully have made a pile elsewhere so can put this down to experience and life goes on. The point of these ramblings is just to say that some people spend so much time writing so much rubbish that you should follow your own instincts and ignore the most of which you read here. Should BMR come out of suspension with the placees announced at 3p the price will drop a little below where we are. If the placees are nowhere to be seen and a new Ponzi scheme is announced we will drop below 1p with a further announcement in the wings that JLP is stepping in with cash for shares and the rest will be history. This is why I bought JLP shares as a hedge 6 months ago and Iam under water a significant amount but I continue to believe in the asset. Rant over!

I have a lot invested here but every time I read the summary of potential here I want to top up further. Another �10k for me as these wells will probably come good and worth a punt with the free carry etc etc.

Yes itsaduster you are correct it is an educated guess based on the size of the 'consultancy' fee and the fact that the licence itself is straightforward and was current with no onerous conditions other than for BMR to get cracking with the plant but you also know that!! Leon is a smart operator and would have known that this news would not be well received in the short term. There are clearly further twists here over the next 3-4 weeks. Hold on to your hats!

I decided to invest here as a hedge as I have always believed in Kabwe but not the woeful management of BMR. Leon had made his biggest mistake to date in seems with inadequate due diligence ( lawyers should be fired) and this is costing JLP shareholders short term. Just at a time when operational profit is starting to flow from a number of projects the deal with BMR is dragging us down again. BMR are dangling at the edge of a precipice with one bizarre development after another. Many will have asked themselves the question, why issue that ludicrous RNS about a potential placing at a whopping premium to the suspended price when AB knew ( we didn't ) that they had to pay a brown envelope facilitator a huge amount to get their own licence back which AB failed to retain properly! This at a time when cash was virtually non-existent. Desparation is the only explanation. Some will say that these anonymous placeees were made aware of the payment and made a commitment notwithstanding! Hands up who in their right minds would have made that commitment with that knowledge. So, we suffer in the interim but Leon has to step up now and address the destruction of value here. Impossible to know how this pans out with so many twists and turns. I wrote off my investment in BMR some time ago yet I remain hopeful that Leon can pull some rabbits out of the hat. He has taken quite a risk jumping into this deal and he needs to extract even more value now to make it worthwhile and sadly for BMR's long suffering shareholders it will be at their expense I fear. If the placing does not happen it may fold or simply go cap in hand to JLP again. In that scenario Leon needs to hire a new set of lawyers to undertake proper and extensive due diligence given the history and background of fraud and multiple management failings within BMR.

Yes I am afraid that this share price is up and down like a fiddlers elbow. It may drop a little more then will jump up to 125p + in fairly short order so a traders dream! News can come out at any time with any share as we all know. If we all had to simply wait for formal results comms it will be far too easy to play this game. That is why believing in the continued growth potential of their innovative products and expansion plans can help ride the swings and roundabouts!

Coltrane, JPMorgan, Farringdon, OldMutual and many other long funds own circa 70% so free float modest and therefore to Gregpeck's point when the short funds want to cover their position when positive announcements are made, the price could rise extremely quickly as we have seen previously. Let's face it there have been some pretty tough blows recently but the company is still trading, contracts are still being awarded, management and employees are still working hard and some will be sitting on the sidelines waiting for a reason to invest again. In the meantime, relax and sit back and this will turnaround, that I am certain.