Member Info for bonum

Hopefully it'll stay strong into close - at least my PFs the right colour on the holding now!

Keep getting this recommended to me,, by someone very astute at picking such stocks.

Bought in a small amount today.

Atb all

Be interesting to see ;)

Be interesting to see how the price is impacted with the 120M new 1.27p shares entering the market on the 4th June?

I dont attach any great validity to Zak mir, having noted his 'predictions' in the past and given the new discounted equity factor.

This should most definitely see a multiple rise as we approach drilling, imo but dont see that within the next few weeks - especially given the aforementioned factor.

Comfortable holding for the Dec action.

Atb

Hopefully some of them will be longer term holders.....not the short term trading herd.

Anyone who holds until the drill in Dec, should see an impressive ROI, imo.

Would be good if you were right though Phoebus but at least we know we're covered for the Dec drill.

Whatever happens to the price in the meantime, whether the current crop of 'new names' posting stay or 'disappear' again - we're drilling!

Atb

Interesting point , but at this stage and accepting the the level planning involved and with no mention of any 2nd drill in relation to forthcoming operations.......any Farm in would I suspect be targeting future operations post this initial drill.

I think the potential Farm in partners played hard ball, which Etyan & co intimate was the case, the Management shifted the focus to the current alt Finance arrangements (as indicated in today's RNS)........and now discussions with potential partners will be for expanded field development contingent on drill results etc.

Although we would have all preferred FARM IN, we can likely rule that out now at this juncture.

"This development (license extension) saw the removal of the key impediment facing the project at the time, and provided us with a clear mandate to deliver on our core focus at the Company: the drilling of Perseverance #1.  In response, the Board implemented a strategic shift away from reliance on finding an attractive farm-in partner, to ensuring we are able to deliver on this objective in the required timeframe"

We have the various funding packages in place, to take us to drilling and that's the pertinent issue for me - that we're actually able to drill.

We may have the discounted new shares hitting the market around the 4th of June but they'll likely only be a temporary setback, when viewed in perspective of the longer term hold to drilling after Dec 15th 2020.

The main thing is that we drill and that's worth waiting 7 months for, regardless of any claims of Ramping/deramping in the interim.

Burns legacy won't go up in flames ;)

December is when the real party starts, but good to see the profit building up in the account again after being in the red.

The conversion shares will do what they'll do.

The day beckons.

Yes, thanks Loz

"Application will be made for the Conversion Shares to be admitted to trading on the AIM market of the London Stock Exchange, with admission anticipated on 4 June 2020."

The Company has now received a conversion notice in respect of the remaining balance of £1.535 million, at a conversion price of 1.27 pence per share, and, pursuant to the terms of the Facility, the Company will proceed to issue 120,866,141 new ordinary shares (the "Conversion Shares") to the investor.

They'll be hitting the market on the 4th June - need to re-read & confirm

They'll be mopped up in due course, once they hit the market this week.

I'm keeping my focus on the drilling commencement at the end of the year and whatever happens to the price inn the meantime - UP or DOWNis just pretty irrelevant to that.

It's a beautiful day outside & I'm going to enjoy it.

Atb

Would be good to get some consolidation of the price next week, reinforcing an underlying confidence for newer investors & those looking to further increase holding levels, even though tbh, whatever it does isn't of the utmost concern for those holding longer positions to drilling and results - does put a smile on our faces though :)

We all know we can reasonably expect a multiple of current price levels within the next 5-6 months.

If it drops down into the 2's or drives up into the 3's - we're fully financed for drilling & moving towards that end.

Atb & have a lovely weekend

Have some bigger holdings elsewhere, notably MATD, but did pick up a small amount of these off a rec'd of this from a friend.

Certainly haven't undertak the requisite research but does sound quite interesting.

Atb all

Have some bigger holdings elsewhere, notably MATD, but did pick up a small amount of these off a rec'd from a friend.

Certainly haven't undertak the requisite research but a pretty good sign when the level of interest in partnering up is as stated.

Let's see

Atb all

Doesn't really matter (for many) if we finish in the Red, Flat or Blue - we've had a very impressive rise over the last few trading days and a consolidation slight retrace isn't a bad thing.

We'll be in a new trading range above the previous c.1.5p level and looking towards the commencement of drilling in late Dec. and any news inbetween.

6 months more after a 10 year wait isn't a bad thing.

Enjoy the day all!

'Bona fide oil find' - predictive text error ;)

Morning BB - yes, you're quite right but when they do, it'll be a massive catalyst for the Company & share price going forward.

PetroMatad is 'effectively' seen as a domestic company with some very influential Mongolian investors involved and high level contacts in the Govt.

They also are in a position to have a bona dude oil find already - truly the basis of a 'sleeping giant's regarding said share price appreciation.

All going to plan as per the last RNS.

Atb

All I need is MATD to wake up now - hopefully that 'sleeping giant's will follow BPCs example.

Switching off the screen & checking in at close.

Onwards towards Dec!

You too IK ;)

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