Member Info for bonum

Many of the 'regular rampers' look like they've abandoned the ship - always the same!

Let's await the RNS to confirm that should confirm the 'rumoured' Placing, albeit I think it'll be at a lower level as stated previously (reasons given)!

A good strategy alto...!

Your '20 day cash' figures are back of a matchbox calculations, hence extremely naive to rely on them to underpin your reasoning for no Placing.

I prefer to look at the more substantive issues I've highlighted in previous posts, which strongly indicate said Placing!

We'll see when the RNS drops and the exact figure that the new equity will be released at.

Refer to my previous posts regarding the underlying reasoning behind the upcoming Placing and beyond the rampant speculations of wilfully deceptive, imo, posters here.

My total number of posts here is far less than most of the concerted 'ramping effort' and much more clearly argued imo.

The conclusion very clearly points to a Placing, for which I believe the RNS will be released shortly.

The 'mindless' & 'emotive' posts aren't coming from me, but from those who have taken over this BB (and other social media platforms) in the preceeding days and are now no noubt 'heading for the exits', on the current speculation from Canada on the 0.10 p Placing coming through.

I think it'll be circa 0.08p but thats besides the point atm.

Do your own independent research & atb all

Let's see where the price is here at Friday close - nearer or sub 0.10p I would guess!

Jiving is NOW saying, the 0.10p Placing speculation will be 'the best news ever' - remarkable about turn!!

He'll be Selling no doubt!

Jiving is NOW saying, the 0.10p Placing speculation will be 'the best news ever' - remarkable about turn!!

I expect Jiving & others will be Selling up today, despite their on board assertions!

ALBI1, we'll see what figure the RNS confirms, whether 0.10p or 0.08p (or some other figure), albeit the main point is the confirmation of said Placing to address the critical Funding needs of the Company.

Atb

I think there'll be a rush to the exits today, as all those Rampers (who haven't already CASHED IN) will be looking to Sell quickly!

I still believe the Placing will be around 0.08p as per my earlier post, despite the current 0.10p rumours.

We'll see when the RNS hits, possibly even later today.

This will always be subject to sharp moves on limited trade volume, given the number of shares in issue and even less in free float.

That's why any news that substantiates the underlying recovery taking place here, should strongly impact price upwards and hopefully initiate buying from larger institutional sources, further positively impacting the price.

I've been averaging up, as see this as a tremendous recovery prospect, way oversold, with underlying strengthening foundations for said growth.

I expect the Placing will be at circa 0.08p - the slightly discounted level to the prevailing 0.09p level at which it was sitting prior to the 'social media campaign' by private investors. This despite the previous PR initiative by the CEO to bolster the sentiment/price.

Listening to the LSE video interview with him, he clearly doesn't discount the idea of an immanant Placing and categorically states that any other developments ex. the firm contract for the Rig beyond the Letter Intent (LOI), will need the requisite Funding in place.

A proportion of costs for transportation of the Rig from Asia to Africa, will also need to be borne by the Company.

It'll be interesting to see the actual price of the Placing, but sub 0.09p imo (for reasons given) or the exact nature of said deal ie a Full Placing or part Placing with a finance agreement for Equity release in stages - effectively a 'death spiral' for forward selling by Parties recipient to the staged release of stock.

We'll see soon enough!

Atb all

I've watched the videos as part of a wider PR initiative, no doubt consistent with paving the way for an upcoming Cash call - also noting, his includion of such a Placing when asked about options to address the critical Cash situation that currently exists.

It's easy to gloss over the real issues & story being played out regarding said Funding!

The volume increases have corresponded to that of the UK listing and consistent with the same timeframes of the 'promotional efforts' (aka Ramping) across various Social media platforms.

What's the price change today on this so called 'leak'?

XOP on the Canadian Securities Exchange.

Do your own independent research to validate the 'info' posted here.

Atb all

Fair enough alto and I will try to clarify my position. As I mentioned in an earlier post, I held 5000 PFC shares, as part of the Dividend part of my portfolio. However, I divested of 4000 of those shares, for the reasons previously stated.

I retained the 1000 share holding as I may be wrong in this particular case, albeit so far have been proved right as far as the shorter term price movement is concerned.

The significantly trade I referenced, seemed to be large enough to 'indicate' at least, some form of Institutional divestment - we need confirmation of such of course but can only go by said indications. The price action downwards is of course, significantly greater than one would expect of a post Divi period.

On the flipside, Petrofac have a robust contract base to work off and maintain their dividend policy, hence retaining the attractiveness to Institutions & Private investors.

Can this go towards the 400p level - of course and there's precedents for such levels to be hit.

Are we seeing a stabilisation of the price around these levels? Possibly (even probably), given the slowdown of the price drop and as long as no continued large scale institutional divestment occurs.

We'll better establish the situation after Friday, but will implement a 'staggered buying' strategy as long as the price remains somewhat stable around these levels but also looking at a somewhat longer timeframe for recovery than some others have indicated.

Atb

Refer to my 16:02 post!

..and try to enjoy the evening, beyond the mindless Ramping of this stock with the cessation of common sense applied to the issues under discussion.

Atb all

Looking at the chart over a 3 mnth period, it looks like its retested and establishing a support at the current price level. Intraday price variance aside, it looks like a bottom here, with the early signs of a BUY signal being generated.

I may have timed my entry pretty well here!

Lol....fair enough!

?

I thought it was mentioned on the YU. page but now realize it was 'hey_arnold' who made reference to it! ;)