Member Info for bonum

Laallee
Do one yourself ;)

I would prefer to say 'This is just the START.....' donkee!

But your version will do, lol

Atb

MATD up 15% and much more comfortable with that - for those who were ridiculing it.

Dyor & atb

I think we can all see that it's difficult for the price to break through the 3p resistance - no doubt there'll be many like Harry, selling into the close and taking their profits from the recent volatility.

I'll retain my now much smaller ISA holding but certainly dont blame Harry or anyone else for trading out on a realized Profit.

If the BoD dont have any hesitation in issuing almost a Billion new shares for an asset that can barely cover the transaction costs, we can certainly expect even more dilution going forward.

Much more comfortable with the reduced exposure given the above and accepting others will have their own set positions.

Atb all

Refer to one of my previous posts PI - have a bit in the ISA and will certainly be voting NO.

Most other holdings sold.

I believe Finn are actually 'supporting' the price atm and in the same way wesuspected it was at the time of the Open Offer.

Doubt that it's anything but short term, with an erosion over the coming weeks.

Atb

Definitely still NO!

No regrets on any amount I've sold, as I expect any intraday push will be eventually sold into along with the months leading to Dec.

No Farm ins as fundraising dilutions are the way to go for BPC

Atb & enjoy the day

Refer to Simon Potters own statements!

https://youtu.be/g2I-qlOM2ls

The boys, their cash will just about cover the transaction costs.......and further funds/dilution will be needed to develop other of their modest asset base unless P1 comes in.

Of course it's a tin pot company!

Atb

They'll no doubt sell into market close - maybe Harry will be proved right!

Atb

Certainly better than buying that tin Pot CERP!

That wasn't why many of the longer term holders invested Tex and with the associated abhorrent further dilution.

We invested on the basis of a binary play with P1, the hook being the potential size of any resource.

If we wanted a 'tin pot' producer in our PF, we would have bought into some rubbish like CERP independently.
Let's be honest, most of us have openly stated that we would look to strategic ally derisk and why we were willing to put our money down to get in 'early' - now as we approach drilling, we effectively get shafted, imho.

What the Management have effectively done is guarantee their continued salaries.

Can you really say you wouldn't have preferred the standing of the company prior to yesterday's RNS?

We were at circa 3p but now we have an additional massive increase in equity for effe tively 'tin pot's assets.

Atb

We dont want a 'tin pot' outfit like CERP, whose current production assets, can barely cover the merger transaction costs - refer to Simon Potters interview on that point.

It's basically an avenue to keep Dire tor salaries going in the event of P1 hitting dry.....and to enable access to financial institutions for more funding with (even) greater associated dilution.

Ask yourselves HONESTLY, if you could go back a day and not have the Merger news development- if the answer is an affirmative e to that, vote NO!

Not many will be that honest though and we'll end up with the 'tin pot' asset for c a Billion new shares!

"Bonum, your argument doesn't make sense."

Since you addressed that post specifically to me Tex, I would suggest you go back and read the post carefully, as your following points dont bear dire t relation to what I stated.

I hope that helps

Atb

CERP's production barely covers the transaction costs - refer to Simon Potter's interview.

It's a tin pot company but enables the BPC management to tap financial institutions for cash, in the event of a Perseverance 1 duster, to cover costs of developing CERPs other assets...and effectively keep the BoDs in a Salary!

In shareholder interests??

In the interests of transparancy (since I mentioned the company here previously), I'm divested significantly of BPC and will look to increase my holding level here.

Do your own independent research.

Atb

CERP have the much better deal, as their share price was effectively going nowhere and as compared to BPCs - prior to te deal!

Looks like Harry may have been right- and I suspect other 'regulars' also 'quietly' followed suit.

It will be what it will be.

Atb all

I've watched this from afar and always seems to do that - 'tick tock'....then Booom!

I daresay we'll see the same in the coming days.

Apparently, the 'bullish tendency' is still there and......'those short should be on the watch for a rapid turnaround'

British bulls candlestick analysis.....if you follow such.

Let's see if they actually get it right today.

Atb

....if you can bother reading all that ;)