Member Info for bonum

Shows his character does it not, whether it's from last year or not - being found GUILTY of Market Abuse is a very serious offence and certainly warrants questions at least regarding his current motives.

Press Release 24 August 2017 BOARD STATEMENT Petrofac Limited ("Petrofac" or "the Company") announces that it has been informed by its Group Chief Executive Ayman Asfari (Mr Asfari) of administrative sanctions that have been made against him by the Italian National Commission for Companies and the Stock Exchange ("CONSOB") relating to a past personal dealing in securities of an Italian listed company. � CONSOB has alleged and determined that an executive of the Italian company passed inside information to Mr Asfari and that Mr Asfari subsequently acted on that information....... The sanctions imposed by CONSOB on Mr Asfari comprise: an administrative fine�of 300,000 Euros; a 12-month disqualification from taking up, inter alia, administrative, management or supervisory positions in any Italian listed companies; and an order confiscating property with a value of 385,000 Euros." I don't necessarily think it's a good thing that an investment vehicle Afsari is involved in, is looking to build up such a large holding in the Company, hence the viewpoint of the possible eventual delisting and move into private hands by Afsari and other key parties. Not a credible person at the helm imho.

'Asfari obviously knows something' - very unlikely aa that would constitute insider dealing, for which he could face a possible prison sentence. What it does suggest is that NO significant news is imminant, given that any other outcome would suggest guilt of the aforementioned charge. That doesn't impact on whether or not this is a good investment but solely on the (rather naive) view that the purchase indicates 'big news' that he's aware of. Atb all.

Maybe he's building up a strategic majority stake through the investment vehicle & other parties, to delist the Company and put it back into private ownership. Certainly more plausable and likely then suggesting insider dealing. No more price sensitive news now for a while anyway, given today's RNS.

Going to realize a large part of my Profits and put some directly into Cryptos, which are now onnthe upturn after the earlier dip and the larger part of my money into MATD, with their fully funded multi billion barrel 4 drill campaign about to kick off......very big things about to happen there imo. dyor etc

This is one of the few Companies on Aim, where when people talk about a x10, x20 (or whatever) potential multiple increase in the share price, those expectations are actually realistic based on resource estimates, historical prices and more quantifiable factors as opposed to the plethora of other sub standard investments out there. What the deal with CGGC has done, along with the background political talks that have underpinned such an agreement, is provide a catalyst to realize the major re-rate and initial move back up to the previous triple digit price levels. That deal will itself open up the doors to access funds from more mainstream financial sources (specifically Chinese banks which CGGC will facillitate) , hence underpinning further the expected stellar rise in Shareholder value. I'll certainly be in for picking up more stock at market open on Monday. Do your own research which should independently validate much of the above. Atb all

You should see what MATD are looking at then, with their potential Workd class, multi billion barrel resource.....since you've been spamming UOG on that and other boards, lol Atb all

With so few 'free shares' available, it'll be difficult to secure any reasonable amount and especially given the magnitude of Upside we can reasonably expect. I also agree with the sentiment that a working understanding is effectively in place between the Bangladesh & China governments off the high level talks that have preceeded Friday's announcement. I don't see any way CGGC would enter into the agreement otherwise and specifically mention development of the MINE and power station. It'll be about Buying as much stock as can reasonably be secured next week as we move towards overall progress of the project and specific confirmation of the mining development that CGGC mention. A company changing RNS on Friday and a very exciting time for shareholders now.

This is one of the few Companies on Aim, where when people talk about a x10, �20 (or whatever) potential multiple increase in the share price, those expectations are actually realistic based on resource estimates, historical prices and more quantifiable factors as opposed to the plethora of other sub standard investments out there. What the deal with CGGC has done, along with the background political talks that have underpinned such an agreement, is provide a catalyst to realize the major re-rate and initial move back up to the previous triple dig�t price levels. That deal will itself open up the doors to access funds from more mainstream financial sources, hence underpinning further the expected stellar rise in Shareholder value. I'll certainly be in for picking up more stock at market open on Monday. Do your own research which should independently validate much of the above. Atb all

We can expect such an RNS to make a very positive reference to the progress made through the Diyani arrangement and forward looking to the benefits of the subsequent conclusion of the CGGCagreement. All shaping up very well, especially considering the groundwork already undertaken at the highest Govt level by both Bangladesh and China.

The company defining RNS was released at 11am, so no doubt many would have missed it, along with the reference to facillitating both the Power station development AND the World class mining resource. As we know, there's been an initiation and progression of discussions at the highest Govt levels between Bangladesh & China and tegarding the issues directly pertaining to the area of this investment. With the identity of the Party to todays agreement and its direct links to the Chinese govt, we can reasonably assume certain go aheads with regards to mining activities will be forthcoming, along with the associated power plant development. This is Company defining news and certainly an exciting time for GCM, as the CEO stated - hopefully at least back to the 400p share price levels that they were at before ANY development of their mining assets. Finished near the days high, which bodes very well for tomorrow and hopefully an eventual progression to the �10-�20 levels valuations have put this in the past. Do your own research, which should independently validate the sentiments expressed. I'm certainly as excited about this as I am with MATD, which are potentially the biggest risers I see on Aim in 2018. Atb all

Indeed GPback and will certainly look to add over the coming weeks. I remember when the share price was circa �1.20 and others will no doubt recall the �3-�4 pound levels. I've not been invested in this stock for a long time, awaiting a 'catalyst' news that should directly impact shareholder value & price appreciation going forward. The Diyani agreement on its own wasn't enough for me but the Confirmation agreement with CGGC is what I was waiting for. Excellent hold now and look forward with renewed Confidence as the company build back up towards previous price levels. Atb

World class mining resource AND the power plant as clearly indicated in the RNS - that's what has the Chinese so interested and what is so compelling about the prospects going forward. Those new to the investment should review the previous high level initiatives / discussions & associated statements by both the Bangladesh and Chinese govt parties, leading to the arrangements between GCM & CGGC. Dyor which should validate the confidence going forward with this investment.

From the 11am RNS; "Mr Chen Xiangdong, Vice President of China Gezhouba Group International Engineering Co. Ltd stated:�"CGGC International is a leading implementer of China's 'Belt & Road' Initiative and seeks projects that are in line with this initiative and that promote social progress. We are pleased to have secured the Joint Development Framework Agreement for GCM's proposed 2,000MW power plant and look forward to assisting GCM in progressing BOTH THE MINE and THE POWER PLANT for the benefit of Bangladesh."

A real Catalyst for the company development & share price now.

That's the really exciting aspect of the Partner and the preceeding Govt level talks that have been taking place between China & Bangladesh. We're looking at the previous restrictions to the world class mining resource, being very lijely overcome and the massive associated appreciation on Shareholder value we should see off that.

Many wont even be aware of the release of this extremely positive News, given the timing of the RNS. We should see a good price progression as more potential investors see said RNS.

LOL!

The Chinese involvement is paricularly positive (as opposed to other Parties), gien the govt level talks that have been progressing between the respective nations, to facillitate energy production in Bangladesh. That should directly impact the GCM Power Station project, especially as the Party to todays confirmed Agreement, is a Chinese Govt associated agency. Everything lining up now! dyor etc

FIRM COMITTMENT - Very positive development from the extended negotiation stage and certainly sets up the company on a much more solid platform for growth. Refreshing to see after the years of stagnation due to the Bangladesh govt. stalling of the Pulbhari project.