Member Info for bonum

'Been ramped up' - any reasoning behind that?

Plenty of reasons behind the very robust price expectations going forward and as part of the Uptrending price.

Atb

Indeed!

I just checked in again and noted a few (very clumsy) attempts at so called 'deramping' of the stock - please do some RESEARCH guys before doing so, otherwise you lose any credibility with regards to objective analysis of the investment.

Note: the 4 drills are FULLY FUNDED with a high COS, 2 being APPRAISAL wells - there is no requirement for further funding, lol.

Back to sensible discussion, given the above and the well defined opetarational milestones near term, moving forward, the underlying UPTREND is established - this price WILL trend HIGHER barring any really major issue.

ie These current prices will be surpassed, which will see any dips being transient and bought into.

Caveat: an Earthquake or other such may possibly derail the price.

Any reasonable discussion on such welcome.

Exciting times ahead & atb all.

Agreed Capt Stanley, with 4 fully funded drills, 2 of them Appraisals at that......and each drill having defined stages where significant price hikes are likely to occur, it's not a great leap of intellect to see where this share price is heading......and well beyond current levels.

Dips will be aggresively bought into and the overall rise beyond very short intraday transience, will be significantly upwards.

Good to be holding this defining stock.

R_Dunc, I didn't specifically mention you as think this is a wider issue on this BB, however, when he was 'aggressive' or 'evasive' with your questioning, did you communicate that in full to the BB along with the issues that prompted such a reaction from him.....or did you just focus on the 'positive spiel' he was feeding out to shareholders, through you?

I'm not 'finger pointing' or any such silliness aa you suggest, but am being consistent in my endevours, to view this investment objectively. I put Art Milholland in the same camp as people like David Lenigas and Jim Melon.....those who know will understand how that can be viewed, hence will always look at what he says from a very critical perspective.

The placings been arranged at 0.10p and at 20% dilution, isn't a trifling matter as some (including Art) would suggest - it's still a fairly significant proportion of the company, albeit not a large return in Cash.

I'm hoping it will be enough to 'facillitate' what is required and also with the view that, if nothing was imminent, why would the parties to the placing get involved in such with another due shortly - perhaps to stave off a larger loss if the Company went under??

Or perhaps the aforementioned likelihood of part of the placing funds being able to action further developments...??

Obviously, a lot of speculation which only an official company RNS will clarify. However, in the meantime I'll continue looking at this onjectively rather than being emotionally attached to the highly questionable utterances of the CEO.....and unofficial mouthpieces that he no doubt tries to manipulate.

Atb

Sub Mariner makes some valid points imo, about putting the CEO on some sort of pedestal - a 'saviour' beyond reproach.

That's certainly not the way I see him and he shouldn't have been presented as such, with the associated slavish acceptance of anything he says, without questioning what actually may be happening.

Lessons learned I hope, moving forward with whatever developments transpire.

Atb

People are positioning now and given the massive upside potential, very intelligently discussed in posts over the weekend - long term MATD holders certainly know this investment well.

The underlying potential is why many have been 'watching' this and as the price action suggests, are now taking positions for the upcoming fully funded drilling campaign.

Technical indicators would also have been triggered for many, pointing to the price 'breakout' happening, hence attracting an influx of new buyers.

I would think any intraday dips are going to be heavily bought into and given where the price here is likely to be, through some of the key operational stages ex. Spudding, TD reached, Logging etc.....finally leading to results for each individual drill.

Even those holding like myself, will be looking for more stock to get a better ROI for what is shaping up to be an exceptional investment opportunity.

Atb all

Part of the proceeds of the placing, was likely used to 'facillitate' things, as is the norm within the business culture of that (and certain other) regions.

It's not something that can be stated (regarding the way business is comducted there) but it's something we all know, or should know.

I'm in a more comfortable position than many current shareholders, having awaited the Placing to purchase the bulk of my stock. I'm also somewhat more optimistic on what certain of those funds can facillitate through the aforementioned channels and beyond exclusively for so called 'ongoing expenses'.

Interesting times perhaps.

Atb all

I have to agree with you Bolton16 - Harry's posting is somewhat 'eccentric' to say the least, sometimes interspersed by (imo) valid observations amidst the ramblings and incessant price monitoring.

However, he's never come across as vicious, insulting or vindictive, as certain other individuals who are are fairly prominent on this BB, have with quite some frequency.

I'm okay with his postings here - they're entertaining and every so often (as was the case with his 'high level correspondence'), quite useful.

Atb all & have a lovely Sunday.

Good summing up of some pertinent points there Mr.P, in your Fri 22:42.....and today's 01:29 posts.

Atb

Manro, the dilema you refer to in your 22:26 post is an interesting one and perhaps much easier addressed if there was only 1 drill within the current campaign - but we have 4 and 2 of those are 'Appraisal' status with a much higher likelihood of hitting oil.

I'ts one of those immense opportunities that come along sometimes, so from the perspective of my own position, I'm going to look to pick up further Stock next week, cognizant of the expected magnitude of price rise, through the various drilling stages mentioned in previous posts.

That will help facillitate the holding of a much larger stake for actual results from the respective drills.

Very exciting times indeed.

Also, there is no 'spike' if we're just positioning to start through those various stages - all those buying now, should see significant returns on said stock purchases.

I think when the Buying momentum 'really starts', many of the current SP estimates may be quite conservative, to the actual price levels hit at those respective stages.

Let's see.

'Iknowthis', we're fully funded for the 4 drill program, so no requirement for further funding in the forseeable future and against a macro-economic backdrop of a robust, sustained oil price.

As far as 'how and when it (the potential) could be released' , you can anticipate a significant share price appreciation as we move through the various stages of drilling - Rig mobilisation, Spudding, Target Depth (TD), logging.....and then ginally the Results.

We've only just started and with tremendous upside potential from current levels. An alternative approach is to await the results of all the drills and Buy in then at the prevailing price.

Each to their own & atb

I think we have the breakout signal clearly trggered and many who have been 'watching' or have an interest in such breakouts, will look to get in next week with the obvious view of a much higher price moving into near tem operational activity.

Any dips in the price now will likely be bought into, so next week should be a good week for current holders.

There'll no doubt be a lot of 'discussion' of this stock across various forums, further highlighting its exposure, hence anticipating the arrival of a 'horde' of new posters next week.

Atb all

Completely agree re: MATD opulentia......but let's also how COPL do in the coming weeks.

Atb & have a lovely Weekend all!

So you're behind Harry on this then - should be interesting to see Gen. Harryman leading the troops ;)

Those who took profits before close, may find it difficult to get back in before the price pushes up on Monday open - I think it'll be an agressive gap up on Monday morning, with strong momentum behind the Uptrend.

Have a good weekend all

Will arrive next week......it'll be interesting!

Agreed, 10p is only a matter of time......as I stated in the previous post........only the beginning and a 'no brainer' to rise through upcoming drilling operations!

Good to be holding.

Only the beginning.........