Member Info for bonum

"..... so it was a buy or sp would of dropped.. "

The price did DROP to cir a 1.89% in the red, from being circa 10% up....!!

Anyway, I'll leave you Manan, Harryman and the numerous other Rampers here, to carry on with these ridiculous commentaries - most of the more experienced investors know what I'm talking about and the logic underpinning such an objective assesment here.

Enjoy the day.

It'll be interesting to see if we get any Holding RNSs, as institutional holders start offloading stock / reducing their exposure

I does look like an underlying Downtrend is exerting itself and with Dividends now out of the way and the other uncertainties associated with the stock, there's no real reason for the price to make any appreciable gains - bar transient intraday moves perhaps.

Perhaps settling around or sub 400p as was previously the case with the price decline - no doubt we'll know the extent of said decline over the coming days & weeks.

Jiving, both you & Jay (amongst others) ), are 'stale bulls' as Tom Bulford of RHPS once explained to me re: another stock - hence your current questionable posting.

Regarding your purported trade, I can only call that into question also and much prefer looking at price action which is more indicative of the real state of affairs than your given word.

A 39.5M buy at that price.....really?

Again, I'll state my reasoning behind this stock and underpinned by logic & experience, rather than wild and somewhat desperate rhetoric.

I'm taking out all the 'noise' from my asessment and looking at the facts & price movement......beyond any ramping activities that are currently prevalent.

The Company need an urgent injection of cash, which we can all agree as a given - the most likely avenue to facillitate that is through a Placing of new shares.

Some would argue that a seperate financing agreement will be reached, but I see this as highly unlikely and somewhat 'hopeful' thinking.

The CEO has a track record of pushing Placings on the market to address cash needs, sometimes after blatantly denying that course of action in days preceeding such cash calls.

Placings for cash strapped Aim stocks are nothing new and certainly not unique to COPL - indeed, price action leading up to such announcements is often very telling.

The CEO went on an active PR campaign to bolster sentiment for the stock, which resulted in the continued steady decline from circa 0.12p at the time of his LSE interview, to circa 0.09p a few weeks later - his PR calls had zero affect on sentiment, indicative of a background Placing being arranged and indeed, he himself acknowledged that all such options were open.

The recent price action / ramping was triggered IMMEDIATELY after the link was posted about the Letter of Intent for the rig, something which was already in the public domain. However, new potential investors looking in, were unaware of this and the concerted ramping canpaign ran with it.

Much more telling is what was happening to the price prior to said Ramping and the urgent Financing needs previously mentioned.

I do think an RNS is almost certainly about to hit and it should confirm said Placing and at a discount to the prevailing price, before the recent on board 'promotion/ramping' of the stock - hence circa 0.08p.

We'll find out soon enough

I expect a significant Sell off today as people wisen up and no doubt, further large sells worked during the day to facillitate instutional holders, imho.

The price (0.135) also strongly points to a SELL, for that much stock compared to intraday prices - though conveniently ignored by the posters who are part if the current Ramping effort.

Lets have honest posting please.

You presume the trade, listed after hours, was a buy but as likely a SELL imho and consistent with the sharper drop of the price after small private investor buys during the day (that momentum is now obviously drying up compared to previous trading days).

That sumignificant SELL would also be consistent with the offloading of stock, prior to the expected Cash call, further underpinned by the previous price movements prior to the current Ramping underway on this BB.

Let's have some honest posting here please.

Atb & have a good day!

He said the same things in the LSE video interview (which couldn't stop the share price decline), as part of the wider PR campaign to underpin support for the imminant Placing.

I'm taking out all the 'noise' from my asessment and looking at the facts & price movement......beyond any ramping activities that are currently prevalent.

The Company need an urgent injection of cash, which we can all agree as a given - the most likely avenue to facillitate that is through a Placing of new shares.

Some would argue that a seperate financing agreement will be reached, but I see this as highly unlikely and somewhat 'hopeful' thinking.

The CEO has a track record of pushing Placings on the market to address cash needs, sometimes after blatantly denying that course of action in days preceeding such cash calls.

Placings for cash strapped Aim stocks are nothing new and certainly not unique to COPL - indeed, price action leading up to such announcements is often very telling.

The CEO went on an active PR campaign to bolster sentiment for the stock, which resulted in the continued steady decline from circa 0.12p at the time of his LSE interview, to circa 0.09p a few weeks later - his PR calls had zero affect on sentiment, indicative of a background Placing being arranged and indeed, he himself acknowledged that all such options were open.

The recent price action / ramping was triggered IMMEDIATELY after the link was posted about the Letter of Intent for the rig, something which was already in the public domain. However, new potential investors looking in, were unaware of this and the concerted ramping canpaign ran with it.

Much more telling is what was happening to the price prior to said Ramping and the urgent Financing needs previously mentioned.

I do think an RNS is almost certainly about to hit and it should confirm said Placing and at a discount to the prevailing price, before the recent on board 'promotion/ramping' of the stock - hence circa 0.08p.

We'll find out soon enough!

Atb

Imho......the stock is quietly sitting comfortably at the current price level, as we progress towards the drilling operations......and the Massive interested expected off that.

Many of the savvy investors will be taking advantage of the price stability, to gain the bigger upcoming ROI we can expect soon.

....at the pre-Ramping 0.08-0.09p levels, which strongly I believe will be the case, if you filter out all the 'noise' here.

Those expecting the Placing!!

That's why the price is consistently dropping and by significantly more than the recent dividend payment - I would suggest 'hope' isn't the sentiment applicable to myself, but to those oblivious of the impact of issues 'going forward' and reflected in wider market sentiment beyond any individual poster on this BB.

The underlying Downtrend is taking hold, imo and I realistically do expect this to be sitting around or at the suv 400p mark within a matter of days due to said reasons & Downtrend

Atb

Trending Downwards - implications of the bribery conviction for Petrofac 'going forward', in an environment where they'll have their hands tied negotiating new contracts, with competitors being under no such scrutiny.

Ongoing issues with current Management and the SFO investigation compounding the 'smell' around Petrofac....as far as investors are concerned.

No incentive re: any near term di idend payments now

Existent threath of being 'blackmarked' by Iraq for still remains, whatever others may say....

Etc, etc

Usual slight rise early on followed by the usual drop during the day, as part of the underlying Downtrend in place, imo.

Good luck & atb

Before a 'sustained' stabilisation if the price occurs? It's obviously going to trend downwards, now there are no more dividends for some time and the fuller impact of recent (and upcoming) develooments are felt, going forward

There was a big drop off the issues arising around legitimacy of the Licence but the price drop experienced a concerted downwards move amidst the accepted view of the necessity for Financing.

Indeed, it was widely acknowledged here (by the current rampers also) that the price decline was due to immanant Financing needs. Even the PR campaign by the CEO, where he acknowledged a Placing was an option, had no effect on the decline.

The point of price reversal was IMMEDIATELU after the link re: the Letter of intent for a rig, information that had been around for some time but which was subsequently and relentlessly pushed by the the very vocal Rampers like yourself.

Its all pretty clear for those insightful enough to look beyond the 'noise'.

Atb

I can also tell, when people get desperate and are unable to answer specific points in a convincing manner.....they then get abusive!

There's no need for that!

The dramatic price rise pertained too resulted directly from the link to old news posted on various BBs and then mercilessly Ramped up by various invested parties on said BBs.

Atb

Jay, the price movements prior to the start of the 'Ramping initiative, would suggest an imminant Placing to address the financing problems, imo.....hence the concerted Price move to sub 0.010p and despite the CEOs public relations ampaogn to bolster the price.

I fully anticipate a plunge back to those levels, for an eventual Placing at circa 0.08-0.085p.

Let's see whose right.

Atb

Mannan, that was due to Shaikh malmoud entering as a strategic investor, hence the price catalyst is easily identified with MXO.

Here, we have a catalyst which is an old piece of News....Ramped to high heaven.....amidst an environment of an anti ipated immananent Placing!

Harry, you're one of the main Rampers, with your multiple emsils from the company disclosing 'supposed' price sensitive information - no wonder you're 'happy'!!