Member Info for bonum

Faz, I think most of us appreciate ur comments to provide a better overall balance to any debate on the forum. However i agree with wizard about the investment case being judged on its merit at the current SP / Mkt cap. At this level its a STRONG BUY imho with whats looks like a consolidation of the price & i believe an impending move upwards. MY own view of the investment case here & sector potential vastly overides any possible concerns i may have with the BoD but everyone should make there own decisions anyway (obviously). Ill be buying my last tranche of shares completing next week to complete my full holding level gla

Id expect there many others also looking to get in but i believe most of the sellings been done with the price now looking like its consolidating for a good move back up. The low number of shares in issue which exacerbated the initial drop may very well see a very strong rise back up particularly if its off any news on the contracts currently being negotiated or further director buys - the management already hold circa 26% of the stock As always dyor

Now tahts over we can get back to assessing the company at its current SP taking into consideration the points made by the various posters. Accepting those Im very comfortable with my purchases around these levels with the strong cash position & current contract negotiations providing a good safety margin for my investment. The full client retention beyond the issues brought up also adds further credence to the investment proposition as well as Geong's strong position in the sector A great buying opportunity atm imho dyor & gla

CONTRACTS being currently negotiated

£5.3M in cash equating as opposed to the current mkt cap of circa £3.5M. A circa 14.5p SP based on cash value alone let alone the added value of the business as a commercial entity going forward. Only 38M shares in issue which accounted for an exacerbated drop due to lower performance fee revenues as per the 20th april trading statement & in line with slowing economic growth in China http://www.investegate.co.uk/Article.aspx?id=20120420101018P34D3 Regardless of this they have full client retention & are one of the leading companies within the sector so well positioned for strong long term recovery as the economy grows Currently negotiating 5 new SaaS clients so strong near term newsflow expected to impact the SP The low number of shares in issue resulted in the drop being exacerbated although positive news & recovering sentiment should work towards an equally strong recovery Management hold 26% of the shares in issue A very good hold with a healthy cash base, strong position within the sector, a very low number of shares in issue & multiple contracts currently being negotiated dyor & gl

LOL - I am enthusiastic about GNG http://www.investegate.co.uk/Index.aspx?searchtype=3&words=gng I'll put more specific reasoning for my strong belief of a major rise here if im at the screen tomorrow Good luck

eventually corrects itself

The markets tend to over react on news whether good or bad with herd mentality often overiding a more sound assessment & investment decision. This has a more pronounced effect on stocks like GNG with very few shares in issue.

Looks like only small scale selling now so well placed for that rise back up imho. As mentioned before this stock is beginning to get noticed & the 14p target looks a good base target price until specific contract news is released

The poster in question may have had valid reasons in the past but we're basically assessing the viability of an investment here based on the current price which again reflects a mkt cap substantially lower then the cash position of the company. Thats without looking at other positive aspects ex the full client retention & new contracts being negotiated. Like many others i wouldnt have brought at the previous prices which were a multiple of where we find ourselves 2day. However todays price is an absolute bargain imho but good to note the points he brings up

JUICY ;)

Current mkt cap of £3.4M with cash in the bank at £5.3M!!! Management own 26% of the company & there one of the leading players in the sector with current negotiations with 5 new clients . I'll be putting in another buy order 2day to continue building up a holding at the current price levels & before contract news dyor & gla

A little bit of buying & it moves the price up

We'll get a better idea of that when the results are out around july. Also an update on current contract negotiations although im hoping for a definitive news release on those well before then. Also Geong are one of the leaders in there sector although obviosly hit by the slowdown in the china economy. Thatll recover sure enough so a solid investment proposition imho A stock like this will see a fairly big drop on relatively few sells just because of the limited shares in issue. Im applying my usual buying in tranches so not too disappointed with the lower price. Hopefully a lot of the sellers will already have exited by now so Id expect a good reversal soon with a much stronger push off definite contract news. In the meantime Ill be looking to be fully loaded on my holding soon

good rule & in this case probably would have got a better price if i had waited. Mind u a good safety buffer that the cash in bank compared to the mkt cap & the contracts currently under negotiation. In a way i dont mind the drop as im only 50% invested so will pick up some more on todays dip as originally planned. I always tend to buy in tranches anyway so all good for my eventual holding level & price. Its reassuring that despite the trading downturn the client base remains intact with the further contracts being currently negotaited atm. Just want to make sure ive got a foot here in some form for any news release on those. Otherwise all good here & looking forward to some good blue days

Potential Multibagger? At this price below the cash value an easy buy imho

Agree with u there. The drop was overdone because of the very low number of shares in issue but that should work to our advantage with the move back upwards. The cash position gives a lot of confidence when looking at the current sp / mkt cap. Im waiting for news of contracts to provide a massive catalyst for the price to shoot back upwards. There currently being negotiated as per the statement in the last RNS with the confidence of current clients strongly retained. Bargain price with the expected newsflow on contracts & cash position imho GL

Main thing for mog is the drilling ban affecting Ombrina Mare so dont know how much 2days news will affect the sp. Hopefully good for those holding. o/t GNG a great opportunity imho at 52 wk low with only 38M shares in issue & 5 contracts currently being negotiated dyor & gl

Youve got more near term news with GNG imho. A great opportunity at 52 wk low with only 38M shares in issue & 5 contracts currently being negotiated dyor & gl

off the positive RNS this morning. Well done all holders