Member Info for bonum

LOL -was that a serious post Starchild?

The price is Downtrending btw and as opposed to some delusional observations of the opposite.

The Market obviously despises this deal.

Atb

Yes, we're Twins!

Or it'll continue going nowhere much for months as people realize the (even) greater suppression that the circa Billion more shares will have on any price rise moving through drilling - not counting g additional funds drawn down to finance CERP!

I'm certainly voting NO!

Russia and Mongolia are different countries p00r1

The £100K monthly drawdowns are in place to show the company have working capital to pay the exorbitant running costs associated with COPL - including the CEOs exorbitant salary.

They need the £600K beyond just those basic overhead expenses, hence said Funding being conditional on the drawdowns.

The new 0lacing should be imminent and given the details of such, would have been negotiated well in advance of the recent Funding announ ement

"I would love to see any of you show us another oiler about to drill that has (will have ) 15% of a potential billion bo on best site off shore in Nigeria."

Why does it have to be Nigeria Mr Nation - what about Mongolia as is the case with MATD?

I'm not sure how certain posters are convincing themselves that this is an Uptrend - it beggars belief!

I think it's fairly obvious we have a DOWN TRENDING price, with cumulative daily losses eroding the share price over the course of the weeks leading into August.

The Market obviously strongly dislikes this deal!

Atb

£500K at 0.07p?

Mr Nation - it's in Black & White in the RNS!

"£600,000 unsecured Loan facility, in six monthly drawdowns of £100,000 each. The first drawdown is available to COPL on signing the Loan Agreement. Subsequent monthly drawdowns are available subject to the fulfilment of certain conditions, including COMPLETION of £500,000 in Future EQUITY FUNDING. Each drawdown is repayable to the Lenders six months"!!

It's naive to think the Placing agreement isn't already in place, considering the previous agreement was terminated in favour of the current Financing package.

As such, I expect it to be released at the SAME time as the first £100k drawdown, which we can expect imminently.

Many will be caught cold through not having g read the RNS properly and/ or inexperience!

Atb

He HAS to...!

"Thanks. So risk is they place at much lower and share price falls back?"

CORRECT!

"There are other obvious benefits to an increase in the SP here. Four weeks ago a £500k equity raise would have added 1.5bn shares. Today at .27p it adds 185m."

The upcoming Placing wont be anywhere near 0.27p, so false logic being applied - however, it 'should' be greater than the previously agreed 0.07p, albeit no guarantees on that.

Considering the whole Finance package has been re-structured, it may still be at the previously agreed 0.07p but the overall dilution reduced due to the £100k monthly advances.

Hope that clarifies the obvious financial set up against perceived dilution at current price levels- that just isn't going to happen.

I doubt it'll be anywhere near the current price Investor81 - Indeed, I doubt itll be anywhere near 0.2p.

However, I think the previous 0.07p will be bettered, so very likely between 0.1-0.15p, imho

We should have details of the new Placing shortly, so speculation on exact price can be more clearly affirmed then

Respectfully disagree, for reasons stated previously.

Atb

Its trending DOWNWARDS!

Engage the brain and have a look at the price direction, since the merger RNS.

Headers to the contrary only defy basic common sense and the likelihood of a continuous erosion of the price leading upto August.

How low will it be by that point, with its several percentage point drops per day (amidst the odd uptick), accumulating over the timeframe to voting.

1p....sub 1p??

The Merger is NOT linked by the majority, despite the protestations of the minority posting on this BB.

Obviously haven't researched it then Jay or read previous posts.

I presume you're somewhat more than ' interested'.

Atb

Let's see where this price is by the time August comes along!

BPC & CERP have very different RISK profiles - why make a diluted hybrid mess.

They are much more compelling investments individually than the confused mash that they are as a combined entity.

If P1 hits a duster, you get a Catastrophic price drop on both and irrespective of any modest CERP assets.

CERP holders have just added MASSIVE risk to their portfolio profile, whereas they could have moderated such with individual, separate buying of BPC stock in alignment with their overall PF.

BPC holders have added a massive circa Billion extra shares.....all whilst trying to reduce dilution, to 'preserve' shareholder value...or Salaries as some of us know to call all it!

This makes NO sense, apart from feeding in to the high risk, gambling mentality of Leo Koot, whose too impatient to wait the 5 years to develop CERP...and the aforementioned continued BPC salaries.

He wants 'excitement' now and whatever the wider implications.

Ordinary shareholders get hit again for Executives greed!

The price at CERP is progressively 'downtrending', (whilst BPCs us being 'propped up')in the meantime, with nothing but wild conjecture on the part of people, in their multi coloured Unicorn jumpsuits shouting Eureka!

Atb & have a good day ;)

They're 'skinning' us ordinary shareholders!