Member Info for bonum

Be good if it can survive above the 3p level and accepting any of the usual selling activity into close - needs to retain levels leading into the 120M Placing shares entering the market on or around the 4th June.

This should be significantly higher around Dec/Jan but would be good to at least retain a modicum of the recent rise until then.

"May be they (Riverfort) are privy to more details on the upcoming deal news than us Private Investors."

The Placing price and structure are highly beneficial to COPL Mr P, which certainly surprised me reading through it.

They're Confident!

Atb

Agreed Bryn, been a difficult time for a lot of stocks with the Covid /Opec issues.

MATD & COPL should multi bag from current levels based on their individual investment characteristics (MATD already have a bona fide high quality oil find with full field development on its way to go to a mid tier Oil producer but will likely be bought out by PetroChina soon).

Atb

That's one that's under a lot of people's radar atm Loz, but very comfortable indeed holding that stock - they've already found oil next to the massive PetroChina resource and are just awaiting their Exploitation Licence - due any time.

MATD is effectively treated as a domestic company by the Govt of Mongolia, with the largest holder being a very prominent national company.

A sleeping giant about to awake, so dont be too concerned about your current avg, imho.

Right about BPC and we all are well aware of the prospects going forward into late 2020/ early 2021.

All shaping up well, regardless of price manipulations by people like Zak Mir, in the interim.

Atb

At least my COPL & MATD are beginning to kick in the way BPC has -sweetens the downturn on this one atm.

Atb & enjoy the day all

Once the Prospectus is passed, the Placing level will get surpassed easily imho and given the catalyst said development will mean for the company going forward......hopefully towards eventual drilling.

Atb

"you mean you bought on Friday and added yesterday?"

If that's addressed to me UKinvestor, I tend to 'stagger buy' stocks, especially those that are smaller positions that warrant more research on my part - COPL is a case in point.

So far, KEFI looks compelling enough for me to have increased my initial holding and will asses the situation going forward.

Atb

Bought some yesterday to add to my existent MATD holding.

Certainly sounds compelling and will look to add somewhat more today.

Atb all

Good points - will sit well with my MATD holding and possibly pick up another little batch to add to my purchase yesterday.

Atb

Interesting viewpoint, but would still go by the points in 06:35 post earlier.

The party to the new 120M shares due at 1.27p would be less likely to hold onto them, given the level of discount to the prevailing price and opportunity to secure additional stock through the further drawdowns expected.

It doesn't really make any sense to do so and retain a full holding of all drawndown stock, when viewing an investment based on the success (or not) of the drill bit - moreso, with the immediate profit levels available.

I'd reasonably expect a significant impact on the share price over the period of offloading, followed by some stability over another extended timeframe.....and then some very focused interest leading into & through drilling in late 2020/early 2021.

I'm not awaiting any 'surprise' partner announcement now, albeit that would be welcome and given the (stated) shift away from such a focus by the Management.

We're funded for Perseverance1 through the various already established routes and I'm sitting really comfortably with that.....and my sub 2p avg.

Atb all

Morning IK - you have a good one too :)

xx

One of the most underrated stocks on Aim atm and with a bona fide oil find.

The news, when released, will be transformational for the company & and share price.

Heavily derisked since the oil find - now just about the securing stock according to individual investment criteria.....and waiting for the RNS to be released.

Atb

Same here BB.....ones already gone up over 100% in a week and MATD is the sleeping giant!

Atb

Agree with you Mr. P - this is indeed a 'genuine' 20 bagger opportunity, as you state and unlike many stocks touted as such.

The caveats of course are the remaining hurdles to realize that potential.

However, the recent financing deal is a co.plete gamechanger and should act as a potent catalyst to bring the company significantly closer to achieving its goals......and hence realization of that prospective upside (and possibly much higher).

The actual financing package is a very well structured indeed, for the Company and by e tension shareholders.

The Prospectus needs to be approved but that shouldn't present any issues for reasons previously presented.

Once that's in place, the company are in a much stronger position to negotiate the current dispute and thereafter move towards actual drilling operations.

Highly undervalued atm, imo and with a very major Re-rate upcoming following on from the Prospectus clearance RNS.

Atb all

Fair points mysteryguy/pumpandtrump - I'd agree that the 120M new shares @ 1.27p, entering the Market 'around' the 4th June, will likely have a significant impact - that along with short term 'trader' interest garnered by Zak Mir's followers diverting to other stocks & the 7 month wait until actual rig mobilisation.

That's not long for us LTHs but a very long time for the 'herd', that look for late entries to prospective risers.

However, I'd put a slightly higher estimate on the price level around the aforementioned rig mobilisation & through drilling operations - probably as I tend to be optimistic & prices invariably overshoot both ways with Aim stocks.

If it holds these levels, great - if not over the next 7 months, no probs. Things will be a lot different in early 2021...!

Atb & have a beautiful day all

I was just having a chuckle at your narrative Noviceinv ;)

Atb

Lol ;)

Lol, good to have a healthy difference of opinion sometimes IK ;)

xx

I think they'll definitely hold a certain amount of overall accumulated stock from various drawdowns IK, but doubt any party is going to retain a complete holding for a drill result and irrespective of potential upsides - they're wealthy for a reason and being judicious plays into that,lol

Although Zak mira 'promoting' of the stock with traders who follow him, has been very helpful, I doubt it'll sustain as the new 1.27p shares hit the market - especially considering we have no near term news catalysts due.

However, the longer term picture looking forward 7-9 mnths is a very rosy one and given many of us have held for over 10 years, isn't so hard to bear.

The riots in the US continue and indeed look to be worsening, which eventually will may impact wider market sentiment, at least in the very short timeframe.

Let's see but all 'noise' really in the longer term picture playing out.

Atb & have a lovely evening

Good to be holding!

Atb all