Member Info for bonum

Read my 10:29 post shibs, regarding my 'stagger buying' and previous posts that underpin the views expressed in my posts - no mindless ramping but specific validations underpinning said views.

The volume is easily churned with a 'microcap' stock in these price ranges.

Again, the catalyst for the price rise is easily identified to the 'old news' link, subsequently fanned by said Rampers.

I fully expect this to finish in the RED, plunge thereafter in the coming days.......and then go back to the previous sub 0.01p levels prior to the Placing RNS.

No doubt current Rampers will have disappeared by then, imho.

I actually had a 'stagger buying' policy, hence had some stock with the full expectation of the Placing being negotiated behind the scenes, given the multiple factors strongly indicating such.

However, with the obvious Ramping and identification of the catalyst the rampers have manipulated, more than happy to have liquidated most of the holding and retaining a nominal amount.

I await a Placing RNS to evaluate the amount of new shares to be relesed & prie level, to evaluate the investment going forward - I anticipate that to be below the pre-Ramp price of circa 0.09p.... hence likely around 0.08-0.085p, imho!

The price rise started IMMEDIATELY after the link was posted re: the LOI for the rig, the info having already been in the public domain for some time and exacerbated by certain posters.

The volume is pretty consistent with a heavily Ramped stock with a price in the 0.09p region.

It's pretty obvious the price rise was catalysed by said news piece and not any underlying developments that can be ascertained - indeed, the previous consistent price decline off the need for Financing was much more telling.

The LOI is also indiacative of funds pending and why I expect the Placing RNS to be imminant, for the multiple reasons previously discussed and beyond any current Ramping campaign.

This will finish the day RED and plunge thereafter, as people cotton onto the real facts & whats actually being perpetrated here by Jay, Harry & Co....!!

Do your own INDEPENDENT research!

Good luck all!

The price started going up IMMEDIATELY after the link was posted about the LOI for the rig (info that was already in the public domain) and which was then Ramped mercilessly by posters on different BBs, for the 'benefit' of those unfamiliar with the stock or its previous price movement.

This price rise has absolutely no substance beyond the supposed catalyst being manipulated by said rampers ie the LOI (not contract as funds have not been secured yet).

BEWARE!

Atb

The Placing price will be nearer the pre-RAMPING price of circa 0.09p imho - lets wait and see what the RNS says, but Im fully expecting a lot of people (apart from the RAMPERS), to be caught in the Headlights!

Your money....atb all!

Concerted RAMPING and with each share priced at such a low value, volume churning is obviously going to be elevated - engage the brain please.

Atb

The LOI on the rig was known a while back.....so why RAMP it up now! This rise has been instigated by posters on forums with absolutely no substance to it.

The price action prior to the Ramp was looking at offloading prior to a Placement, with the price concertedly moving downwards in alignment with that.

Even the CEO suggested that a placement was an option for the necesssary Financing needs.

Then the bb RAMPING started - Caution!

Rampings running out of steam here, the current rise based off nothing but a LOI (not firm contract) signed with a rig company, the information having been in the public domain previously.....but 'ramped up' in the last couple of trading days by certain posters.

Financing still needs to be addressed and the price movements prior to the recent 'ramping action', give us somewhat of an idea of which direction that will go.

I fully expect an RNS soon albeit one confirming a placing nearer the price levels the share price was heading towards, prior to said RAMPING.

I think many will be left 'spiked' imho, but lets see.

Dyor, tread very carefully indeed here & atb all

I'm not surprised there's an overall concensus, including people who are looking to buy back in, that the Company looks very good as an investment prospect going forward!

That's what we'll be looking at with the Trading Update, establishing that strengthening platform, upon which such growth will take place and not whether the company's made a profit or not within the trading period.

Whether this reaches £20, £15, £10 or whatever.....as long as we get a good ROI over our investment timeframes with an appreciating Share price / Dividend, many of us are quite omfortable holding onto or building up our YU. holdings.

Pokerchips, my assesment of Petrofac is based on more than just the price action on any specific day and looking at the erosion of traction in securing new contracts in the region, going forward.

With the culture of 'financial inducements' rife in the sector & region, along with Petrofac's severe restriction in being able to operate in such an environment, the effects on securing said contracts is obvious.

It's no point highlighting contracts recently secured in other countries, for which negotiations and associated 'inducements' have already been paid - focus on how profits are likely to be affected by such a crippling blow to an important operating region - and no doubt, beyond.

That will very likely see a severe erosion of the share price over the coming months and beyond any transient price action today, imo.

Atb

I think now the slight 'bouyancy' of the dividend payment has been taken away, we'll see a more telling & ongoing impact of the factors that caused the previous sharp price drop here, imo.

It'll take time of course, but I'm gradually building up a larger holding here and will expect to see the price inmthat region at some point.

This will move appreciably for the reasons stated, imo.

Chaebol, with the greatest respect, if they were so bad you wouldn't be looking to buy back in at 100p since you seem to suggest they're worth much less than even that paltry price. However, you still obviously hold an interest in 'observing' the stock, with a view to re-enter a position.

There's a reason the share price here has been steadily appreciating since the previous lows and no doubt will continue to do so, beyond the upcoming trading update if it corroborates said recovery of the company - which I'm sure it will.

This was way oversold previously with any shift in sentiment exacerbated by the low number of shares in issue - the price appreciation going forward should majorly benefit from that.

Atb

Thanks Jetxie!

Cant be on oil price alone - any specific reasons or speculations?

?

I have a 'staggered buying' strategy here, the same as in YU. , so have an amount of COPL stock, with the majority of funds held back for a possible placing.

Why the rise today?

I've been investing for over 10 years and have been exceedingly succesful at it - having looked at multiple factors beyond just the number of shares in issue, I'm very comfortable indeed investing in YU. and will continually do so for the exceptional ROI I expect there.

However, this is the PFC bb and the relevant information on YU. can be found on that bb.

Atb

I 'stagger bought' Yu. , initially after it being very heavily oversold at circa 48p and thereafter several purchases as the price bouyed up, the last BUY at circa 125p.

The company's statements and newsflow has been increasingly bullish with a strengthening balance sheet, hence looking towards an eventual progression towards its previous £12 share price and given the scant 16M shares in issue.

Expecting good things and a major ROI but dyor.

Atb