Member Info for bonum

'Truthfulopinions', the Directors took shares in lieu of salary, which is effective enough in underpinning their confidence in the company. At least as good as receiving the salary and then buying the stock - unless people want to split hairs over it.

They're Confident!

You may want to add MATD to your list, as it's about to break out again.

Atb

The RNS stated the 'company's focus' will be on the current drill, with minimum obligations regarding the Uruguay asset - no problems there!

On a successful strike for Perseverance 1, Farm in partners will effectively take over full field development, which then let's us focus on the potential billion barrel Uruguay asset.

That's how small toddlers like BPC evolve into Oil Majors and puts the current Buy in price into perspective.

May take some profits and let the rest ride. Will top up on my MATD and let this ride on 'free shares' now.

Atb all & enjoy the day

Morning all.

I think the Prospectus goes ahead as agreed but if you look at the specific terms, it's still a very good deal given the underlying security it provides.

However, what's perhaps more pertinent, is that the other options are now more viable if said Prospectus isn't passed - something I don't anticipate will be the case at all but we'd have more options, irrespective.

On an aside, good to see our MATD looking to break out again, as part of its own Uptrend - I like that risk diversification in holding COPL & MATD.

Atb all

'At its current price of 3.4, shares in Petro Matad are trading at a discount of -66.5% to its 52 week high price. The 1-year performance of the shares has been -57.7%.'

'According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead.'

Completely agree - it's the extent of that projected rise, which is so exciting for all those holding MATD stock.

And good stability at current levels, with the rapid buying on any slight dip.

Good to see!

Atb

Imagine if people could by the recommended APPLE stock, when it was a tiny start up......?

That's where BPC is at the moment, moreso with the new Uruguay license.......and risk mitigated through early, low level entry on derisking down the line.

From that perspective, BPC is fine for me thank you ;)

Atb

Sorry.....predictive text, lol

Lol, you and others have been lamenting missing your 2p entries (refer back to posts) - you'll no doubt lament much more as the price progresses on its Uptrend, imo - 'higher highs'

Dont miss out on your 'fraction of a penny' attitude - perhaps take on board the words of the Company's own CFO ' 3p, 4p, 5p are pretty irrelevant to the upside expected....'

Don't miss the train.....get on and ride the trend with a certain degree of peace of mind. We may get the Stena partnership announcement any day, or indeed the update regarding the Suoer Major / Major.

Atb

Good morning donkey

There's an underlying Uptrend in place and (apparently) a 'bullish resurgence' re-emerging.

I'm not really into charting but certainly would expect the underlying trend to push for 'higher highs', given the expected profit taking and massive re-rate the Exploitation licence will catalyse.

This is a genuine 'sleeping giant's on Aim with a tiny mkt cap given its existent assets - we'll soon see, imo.

Atb

I think you'll find Petrovis, who are a major commercial entity in Mongolia (and PetroMatad's biggest shareholder), will be closely linked with both political institutions within the country.

That's the way influential businesses work and Petrovis will certainly be one of those, just as the new $1B refinery will still be utilised to process domestic production, in line with a cross party aim towards that goal.

Atb

The header says it all and many of us may know of such people, hoping for a better entry but noting the bullish undercurrent associated with the stock.

We have the current UPTREND firmly in place and bullish technical indicators pointing towards a near term progression of the price.

The potential billion barrel Uruguay asset was a brilliant move by the Management, which as they say, we probably wouldn't have been able to secure at any other time - and with minimum obligations.

A comprehensive strategy also in place for wider field development after Perserverance 1, giving smaller investors getting in at these levels, opportunity enough to implement their own strategies in what we can reasonably expect to be a good multiple rise off the prevailing price today.

Fractions of a penny are really pretty irrelevant in the bigger pi tire playing out and I expect those on the sidelines will have enough of doing so and as further price rises take hold, over the coming days.

Atb

I think that 'list' demonstrates the attention BPC has and the extent people are willing to go to for a better seat on the train, if you like.

I think many of us recall the scandalous Share Prophets articles months ago and the current ramblings of a certain ill researched oil man jim!

I think the list is based on those that present the greatest threath to whoever compiled it, so happy enough to occupy the no.1 position given that.

My rationale is always there to see and glad to have been right with BPC and my holding here!

Atb

With the greatest respect C Stanley, if you 'wait until they're more upbeat', you'll be paying a significantly greater amount for the shares - they're ONLY a £23M mkt cap company atm, with an existent oil fund and other highly prospective assets.

Talk about licence extensions etc are a red herring - the company are essentially viewed to all intents and purposes as a 'domestic' entity, have excellent links with the Govt and are firmly in accord with the wider policy of feeding into the aims to increase domestic production of oil - hence the $1Billion refinery construction.

As previously mentioned, there is a reason the CEO used those specific words "I'm VERY, VERY confident...."

By all means wait for further developments if you so wish but with just over circa 650M shares in circulation, a large part with Petrovis, the price will likely be a high multiple of the prevailing price today.

At the current Mkt cap and considering what we're expecting shortly (along with arrangements already in place to fast track monetization of Heron1), many of us are more than comfortable holding the stock at these levels - the 'discomfort' perhaps would be in not holding and with transformational news due.

Atb

Apparently!

.....which has so far gone, into handsomely rewarding the Directors with their generous Salaries & options!!

I've been on the button in calling this, so pleased enough ;)

More to come!

Atb

Try working on your spelling first Peri-stalsis - you're welcome ;)

Atb

I think the MMX management are perceived as greedy & opportunistic, starting from Fred Kreuger's day and continuing until now.

That may be feeding into negative sentiment associated with the company, who are currently 'artificially' supporting the share price to justify said greed.

Atb & have a good evening all

I'd expect them to secure the JV before any 'Director perls' etc - with the significant price push & new trading range we can reasonably expect off that, I doubt holders will be complaining too much.

Atb & have a good evening all