Member Info for bonum

I'm for open & honest debate and certainly not the desperation showed by the pack of Art's stooges, that effectively mob handedly run this BB.

As Jay says "I....have open comms with the ceo. " - as Art Millholland's unofficial mouthpiece, I'm sure it works well for him. We're all aware of the desperate attempts to boost the share price prior to the last Placing and Jays (and others) efforts to support Art's initiative in that.

Not surprisingly, the most vociferous ones seemed to also have 'open comms' with the CEO, whilst many others received no replies to their own communications etc - Art's selected 'stooges' utilised to full effect no doubt.

What happened to the 'special relationship' between Art Millholland & CDNoilsuppprter - Art effectively primed him to say what he needed said to this BB, lots of 'hushed & whispered' promises......and then effectively left him spudded & alone, whilst Art enjoyed a post AGM honeymoon.....and no doubt the temporary price boost off the back of gullable private investors, benefitting those who really know what's going on behind the scenes.

Art Millholland is no ones friend here and those boasting about having 'special relations' with him are just easily manipulated & naive at best......or knowingly complicit in his wider PR initiatives to hoodwink the smaller, inconsequential (to him) private shareholders.

The 'mob' have served no one but Art (and likely themselves) in their highly misleading contributions here, imho.

Atb & have an insightful day.

R_Dunc, I don't think you should get so worked up before bedtime!

Please refer to my previous posts on the subject, which should clarify my thoughts on the subject under discussion, if read with a dispassionate mindset.

Atb & have a good nights sleep.

The unfortunate fact is that I've been proven right and despite the bullying & downright suspension of rational assesment, demonstrated by certain of the organized posters here.

I really wish I was wrong, only for the benefit of existent shareholders, albeit I wont suspend rationality to play into that particular narrative.

I currently hold stock here but on the clear acknowledgement of the risk factors associated with COPL - I wont endevour to mislead others on that issue and certainly dont post ad nauseum on here, like certain others.

Atb & have a productive evening.

I think the more astute readers can clearly identify posting that's manipulated to suit a certain narrative, regardless of whether that would be consistent with established practices.....and indeed, common sense.

If you want to point out the reduced overheads, that's one thing. To then explicitly state that said overheads were a result of the CEO taking a significant salary cut, as confirmed by private communication with an anonymous poster (hence it must be true), is reckless & naive, imho.

We can't look at this investment without also looking at the CEO, in the context of his behaviour to shareholders in the past. Hence, to glorify him now and suggest some saintly attributes demonstrated by his supposed Pay Cut, is misleading and beyond the wider issue of any reductions in overheads.

Why are certain posters here always trying to validate the integrity of Art Millholland and contrary to his actual actions towards Shareholders?

Atb & have a good evening

A Director's salary cut, would usually be explicitly stated as such and not infered! Obviously Art Millholland prefers to use emails to diseminate Company 'news' rather than official lines of communication & established protocols.

Atb & have a lovely day!

I wouldn't rely on 'secret' correspondence to validate that .

It needs an inclusion in an official company release and not another cosy chat with Jay.....we all know how reliable he's been in the past.

Atb all & have a good day

Major Price Rise today no doubt - About time!!

EXCELLENT RNS - Now we can get back to business with 2 excellent prospects in the current running & the further ones coming into play thereafter!!

Jamie414, are you going to again put up your sons life, against the so called integrity of the 'Pack' that have been controling this BB for months - people who you supposedly don't know and have never met,

Aa you say in your 1st Aug post; "You are wrong on what you are saying about people on here and I'll vouch that on my little Boys life. 100% vouch for them."

You're beyond fooolish!

No further comment.

I think you're right in saying he's probably '2 steps ahead' of most ordinary shareholders and it's plain to see how he's benefitting irrespective of the current situation that the Company are in. He's claiming a very generous Salary and as has been discussed before, has made NO attempt whatsoever to control the overheads.

Some people continue to suggest his interests are aligned with shareholders, even after being appraised of the previous mentioned point, which drastically mitigates his exposure to the risk.

At this stage in his career, I doubt he's bothered about any standing he may have in the wider O&G world - it's about what he can grasp given current opportunities, IMHO!

The main point of this post is that in some ways, beyond the other developments people have been waiting for, a Placing is better than no placing at all.....and given what may be the outcomes if they can't secure further financing.

If the 'Corporate Actions' are triggered in such an eventuality, ordinary shareholders will get nothing whilst many of the beneficiaries of the multiple placings would have operated a 'rinse & repeat' profit taling process.......and no doubt the effective outcome from any Corporate Action would be a transference of the company's assets into 'other' hands - who do we think they would be, either in a direct or indirect capacity?

Our 'Partners' have a great deal of influence in the country, which doesn't seembto be transfering into anything.

Private shareholders are effectively being held 'over a barrel', but anyone who points that inconvenient truth out, will be hounded by the 'pack' who control this BB.

Art Millholland is no ones 'special friend' but his own, but let's hope some spark of conscience will make itself known - cutting overheads would be a long overdue start.

I hope I'm completely wrong btw but would welcome the Placing as opposed to a worse alternative, by a reckless CEO.

Atb

"Everyone with half a brain knows we have been deceived time and agaiin." - are you suggesting that there's a tight cohort of orgainsed, rampant posters here, who have part of their brain missing!! Lol

Probably all the ones who rec'd each others posts, no matter how ill thought or bizarre they are ;)

Atb all & let's try to have a good day, despite the prevalent issues here.

Everybody can read back the respective contributions by individuals on this BB and make their own minds up about the subject under discussion and indeed the posters themselves - I certainly wouldn't spend any more if my time debating a 'non issue', imo.

Regarding comments by other posters on othee BBs, I'm not aware of them and have scant little interest in chasing them up.

Please make any further posts addressed to me Company specific - Thank you!

Atb & have a good evening

I'm not sure why you think 'petsonal attacks' are being made on Art's wife Jay....?

I can't see any comment by ANYONE to suggest such - however, you miss the point being made by many here, regarding the numerous comments & suggestions that have come from Art, which can be construed as very misleading indeed!

We all know about 'Africa time' etc, including Art Millholland himself, which is why his comments suggesting certain outcomes to be expected 'imminantly' (ironically just before Placings) or within certain timeframes, are either extremely naive ir as we reasonably suspect, to serve his own ends in sustaining an overly generous salary by placating already bedraggled shareholders!

Fortunately, myself & certain others are less easily swayed by such rhetoric and prefer a more detached view of the 'goings on' at COPL.

Atb & enjoy the rest of the weekend.

Refer to my previous post at 08:16 - any individual reader can evaluate the merits or not of our respective posts.

CDNoilsupporter mentions in his 18:36 post of yesterday " I spoke to him last Friday and he answered his Alberta cell and said he was in London at the hospital with his wife."

Perhaps Art is really at the hospital with his wife in relation to whatever issue they or others thwy know may have.

However, given that we're well aware of the necessity for further funding, I think its quite possible that he's in London to finalise a further round of fundraising. We obviously need confirmation of such via an official RNS, but at this stage I think it would actually be a relief to secure said Funding.

The alternative may be the triggering of the previously mentioned 'Corporate Actions', for which I wouldn't be surprised if our trusty partners benefit, through the legalities of 'effective' ownership transference......Art Millholland I suspect would benefit in some way.

In the meantime Art gets paid a handsome salary irrespective.

I continue to have a holding here but aldo accept the various risk factors associated with the investment and certainly wouldnt try to pull the wool over the eyes of other holders, with 'sugar coated' scenarios.....or as one poster suggested, 'sacrifice the life of his child' to validate the credibility of other posters, who he suposedly doesnt wven know .

As I stated oreviously, we have a sick & corrupt BB here, imho.

Atb & have a good day all

Unfortunately, anyone whose observed the workings of this BB, knows it's highly manipulated by the so called LTHs, who communicate off board and try to smother any opposing vièwpoints - either by 'en masse' reporting and / or the harrasment of any individual poster who doesnt tow the party line..

The so called 'secret correspondences', the content of which cant be shared, the private conversatuons at public AGMs, telephone numbers exchanged with the CEO - it's extremely CRASS and certainly doesn't serve any sense of honest debate!

Oèdipus states in his post "As for Bumum all he does is ramp Yu all day long. Unbelievable" - please feel free to click on our respective usernames.

Sub-Mariner has brought up some cery interesting and valid points in the past, such as the 'Corporate Actions' mentioned in the Prospectus, that could be pursued if the company fails to secure further finance or the requisite permissions - we may be heading that way, so why isnt that being discussed in the 'private emails', telephone convos or at the recent AGM? Why isn't the reckless continuation of excessive Salaries & overheads being discussed and the lack of any initiative to address them?

Many if you are intentionally or by virtue of desperation or weak moral character, complicit with Art Millholland in the narrative being played out, and have suspended all sense of objective assesment - instead, you'd rather chase down someone like Sub-Mariner, who actually has the strength of character to try and address such issues.

No doubt I'll be subject to the usual crude rhetoruc back but what I'd expect from those who 'run' this BB.

Atb & have a good day all!

Pretty much what a few of us have been saying, regarding the continued exorbitant overheads, reflecting crass recklessness & greed by Art & his team - unfortunately that sentiment seems to be drowned out by Art's fanboys who post here regularly.

As we know, no one even mentioned that critical point at the recent AGM, as they were too busy swooning over Art's acknowledgement of their presence.

Lets see what the eventual outcome is here.

Atb all & have a good day

Certainly setting up a much stronger platform for growth going forward, after the previous issues that resulted in the very significant price drop. Confirming the opprtunity here for a very promising investment, as the company shifts into a new stage towards profitability and capital growth for investors.

Pleased to be invested here & will continue to build up a bigger holding level over time.

Atb all

I know I should be loading up even more at these price levels and looking at the solid platform for continued growth, that the company are establishing. However, like many here, I already hold a very significant amount of stock......so lets just hope one of my speculative oilers comes in......then MMX is top of my shopping list again.

Such a good stock at such a devalued price, imho.....but not forever!

That legacy issue gets put to bed.....finally! Then I'll be looking towards the Dividend introduction, on a better financial footing going forward. Maybe pick some more stock up in the meantime, funds permitting.

Atb all

Proposed Share Buyback

"The Company is traditionally second half weighted, particularly with regards to cash generation and the Directors expect this will be no different in the current financial year. This weighting, combined with the solid H1 trading progress and previously announced operational efficiencies that will impact H2, give the Directors every confidence that the business is now on a solid cash-generative footing, underpinned by a significant renewal base and strong pipeline of new iniatives across the portfolio and a cash balance of $8.9million, the $3million loan facility having been settled in Q1."

 

"The Directors therefore believe that the current share price of the Company reflects neither the stable recurring revenue nor the ongoing growth and intend shortly to commence a share buyback of up to £1million, funded out of existing cash resources. This will serve both to provide an initial return of capital to shareholders, is part of the Group's broader strategy to deliver shareholder value and will reduce the share capital of the Company. Full details of the buyback will be set out in a separate announcement."