Member Info for bonum

Lol, more about holding for the bigger picture to play out, leading to the drilling in late Dec.....and through to results IK.

No crystal ball.....just speculation of course ;)

Either way, we drill and that's what really counts.

Atb my friend

As always, an excellent summation Starchild (06:16 post).

Regarding 100p on rig mobilisation, I think most of us can safely discount that outcome as not happening.

However, we do note that there's been repeated mention of alternative finance to that already agreed, to enable less dilution to shareholder value.

We have 'Majors & Supermajors' still in negotiations on some level and now Stena in the frame too. As I stated previously, the price action suggests there may be further News due and I would think it would relate to the aforementioned.

A very strong finish into close at the days high, to offset any lower level sells and consistent with the possibility of News due, imo.

My own view on the share price leading into drilling is anywhere between 10-20p, dependent on the eventual financing package chosen- we have options by the sounds of it.

Irrespective of the eventual level, it should be a Multiple of the current SP, hence a Profit to all those buying g now - perhaps that's the most pertinent point.

Partnership RNS Monday?

Atb & have a good day all.

We've finished at the day's high with lower level profit taking being swamped by newer money coming in at the higher share price.

I think there's News afoot with the buoyancy of the rise and indications of such an initiative in the most recent RNS.

I'm expecting a confirmation RNS to that effect and as soon as early next week.

There's been some very confident Buying going on and accepting the inherent 'multibag' potential of this stock.

Let's see over the next few days.

Atb

Good News due on that and as indicated in the recent RNS and more forcefully in interviews with various members of the BoD, imo.

RNS Monday?

Atb & have a good evening all

Regarding improved funding deal and as articulated in the recent RNS and other interview sources etc....?

Above 3p breaking soon, imho.

Agreed, 2p strong previous support should establish itself

- the company continuing working towards a better, less disruptive deal

- possible updateon Stenna development

- move back to 4-5p range

Looking very good indeed!

Statement on further Stenna developments soon?

Have a great day all - just a bit of fun in that header ;)

Lol - 'I am Legend' is just fiction ;)

BPC will do me just fine with my profit taken from here Minimil - thanks anyway & wishing you the best with your own investments.

Atb

Putting my profits into more BPC now and retaining a small holding to play out further and incase of any unexpected surprises.

Been a good ride & happy with the ROI, so can't complain.

Atb

Other established Dividend paying stocks rising, with increasing market sentiment - and we're stuck in this lump headed by a greedy Management time, more intent on lining their own pockets......and another 18 months to WAIT!!

"SP at a DISCOUNTED 3.2p....TODAY!"

Good post Starchild

Follow the Trend, which overall should see us at a multiple of current levels over the coming months.

The Govt may be buying into the indices but a lot of other money will follow that lead, hence more like the catalyst that gets the much larger ball rolling, with plenty of sidelined funds still looking to enter back into equities.

BPC hasn't really even started yet and I certainly expect a push back above the previously very robust 2p support soon, with more sidelined funds looking to jump in.

As previously, we'll look back at these levels and wonder why we didn't load up more no doubt, even those of us with good holdings atm.

Have a good day all

Dow up again at yesterday's close at 2.21% and the Ftse premarket looking very bullish.

The overall market sentiment looks very strong now and off the previous very bearish lows. That doesn't mean we don't have significant underlying issues such as lower GDPs, increased Govt borrowing requirements and some further dips along the way.

However, what seems to be playing out is a more bullish sentiment returning to the markets, as money sidelined previously returns back into equities.

I don't believe we'll see previous market indices highs for a long time yet and due to the aforementioned reasons. However, very good to see that (renewed) bullish sentiment reassert itself.

Equities overall should benefit as well as the associated effect on financing initiatives such as the one negotiated with COPL and its financing partners.

Positioned very well atm with great upside off current levels, imo.

Atb

'The Trend us your Friend'

Price consolidations & further pushes upwards, as part of the Uptrend in place.

Have a good evening all

HIGHER HIGHS / HIGHER LOWS!

2p will seem cheap soon enough!

Atb

As long as BPC has a Multiple rise from here IK and within the reasonable timeframes others have alluded at, it can help offset other wider market investments that may not perform so well.

Gradual uptrend likely towards the actual drilling with 'higher highs, higher lows' and accepting no straight lines.

That'll do me.

Atb

Dow up over 2% yesterday and sitting just below the 2500 level. FTSE futures up and looking at a strong open off the Dows surge yesterday and increasing confidence across the Pond.

Further OPEC production cuts may be on the way in June.

Atb all & have a good day.

A bullish sentiment returning is a good thing, especially after what may be perceived as an overswing on the bearish side, at the start of the more pronounced downturn.

That doesn't suggest we'll hit any previous main indices levels any time soon and especially given the impact on economies going forward and the obvious downward projections on GDPs.

However, it does suggest some of the sidelined cash is now coming back into equities, which is certainly a positive for current share price levels.

BPC is a bargain for those buying now imo and holding for the move towards drilling later in the year, especially being fully financed etc.....and further reinforced by today's RNS.

Wider markets will do what they do, but certainly good to see the Ftse back over 6000 and after its drop to sub 5000 previously and which is still off the 7000 plus levels.

Atb & have a good evening