Member Info for bonum

It's really not surprising that the price is in the red, when you look at what's happening in the wider market.

Take your pick of stocks and barring very few, most have been showing a loss over the last few trading days.

That certainly diesn't change the underlying investment case and its useful to 'correctly' identify the reason for the pruce drop to thereby recognise when that factor is removed.

Let's see what happens in the wider market next week.

Atb & have a good weekend all

Fractions of a penny aren't a major issue, if you're looking to see this journey through......it'll either be the mother of all rises or indeed broke.

From these levels, not really a major problem from that perspective.

The CEOs loan gives me some greater reassurance than before - let's see.

Atb & have a relaxed day

UK market and not Canada btw.

I picked up a few more this morning - put my money where my mouth is and based on increased sentiment regarding the prospects here.

The downside v Upside is pretty remarkable, accepting usual caveats.

Atb & enjoy the day

Yes, IK - I'm down to the gym in a bit and then a good pub lunch later.

With the EA now officially signed off, BPC becomes a lot more stress free as we work out way towards hopefully the 'Mother load'.

Enjoy the curry.....perhaps without a Carona beer though, lol

Atb

With the very uncertain macro market sentiment, it's a very bullish sign to see the relative buoyancy in the COPL shareprice.

The DOW was down 4.4% with an over 3% drop in the Ftse, albeit it does look like China have now turned the corner on the Carona virus, with the rest of the world lagging behind due to incubation periods etc - that should soon change though.

https://www.worldometers.info/coronavirus/

It's interesting to see projections of 1000 - 1500% potential Rises and these would usually be dismissed - however, in COPL's case there may be some validity to such optimism.

This has a large degree of uncertainty attached to it but compared to the downside, the Upside potential makes it extremely compelling and why I continue to hold.....perhaps looking to add further and within my investing parameters for the aforementioned.

The CEO put in a cash injection very recently, which we know will only take the company so far, before News is released on the ongoing processes to eventually move COPL towards drilling.

c 0.10p share price in that eventuality??

It's good to see the current bouyancy knock aside the more active traders on this BB, who are still with us with the occasional comment - now 'mainly' outside Market hours as opposed to previously.

Whatever the transient price moves, it'll be very interesting to see what develops here.

Atb all & have a good day

https://www.worldometers.info/coronavirus/

Good morning all,

I think IKs post said it all tbh with the DOW down 4.4% at close yesterday. It's in the interests of some parties to see volatility in the main markets and the Carona virus provided that, albeit as has been noted, it's no more dangerous than 'regular flu' which kills many people globally. The novelty of being a hybrid new strain is perhaps the most noteworthy aspect attached to it.

Most stocks have been hit hard and my other focused investment MATD was also significantly down solely on the macro market uncertainty.

At times like these, it's useful to move into a ZEN mindset and focus on what we have & where we are - then perhaps we can see the 'Opportunities amidst the debris'

We've waited for so long for BPC to actually move towards Drilling its potentially World class asset 'Middle East proportions' as has been bandied around.

Finally and Carona virus aside, we're actually there now - moving towards spudding in a matter of weeks and an abundance of Newsflow leading into it (according to the CEO / Proactive investors/ other references).

The share price may not be right where we'd want it due to the aforementioned issues, but the actual Operational aspect is right there.

The EA to me was the biggest potential issue, albeit we were Confident of its isduance due to reasons already discussed - however, always great reassurace when its officially signed off.

I had the same thoughts as IK regarding Potter's comments on the Farm in, almost as a final push to the potential Partners to commit now - however, either way we're DRILLING - that's the materially more important aspect as we move forward into such.

A sub 5p share price atm?

I doubt many of us seriously believe it's going to stay there as we move towards drilling and as indications already suggest that China's turning a corner on the spread of Carona - the rest of the world catching up atm.

Trek posted this link yesterday, which gives more specific info on that.

Atb & have a beautiful ZEN day :)

Hopefully markets will turn more positive soon, as China seems to have turned a corner with the Carona virus and the same expected of other countries, contingent of impementation of necessary measures etc.

https://www.worldometers.info/coronavirus/

That's what we really need to look at and amidst the wider market turmoil.

Atb & have a great evening.

Fair enough petertee but I very much doubt tgat's the case - more some people getting in slightly earlier than others, on a known timeframe for important News.

The current macro market environment doesn't help and you can see that across the board, in both main market & small cap stocks.

However, the underlying investment case remains the same and the timeframe for the Exploitation License hasn't changed - hopefully some greater macro market stability next week.

Atb

Petertee, most of the posting here is quite considered by most of the contributors and certainly no 'bombarding' by multiple different posters, as we oft see on certain BBs.

Hopefully the opinions given are also substantiatee with some logical base at least.

Not sure how you arrived at the P&D conclusion, but each to their own opinion.

Let's see how things play out leading into the timeframes previously discussed.

Atb

"my opinion" the farm in was conditional on ea approval"

100% imho JM - can't imagine the Farm in partner signing without the EA - now all systems go, imo

Now switching off the screen ;)

I switched off the computer some time ago and now sitting in the pub with the missus.....just had to have a cheeky look in though ;)

Right, switching off again until close.

Atb & let serenity infuse your soul

Let me put that into context Prospect - I meant those stocks that are languishing or indeed are pretty much 'dead' - most PFs have a few of those.

BPC on the otherhand is primed for a significant rise into drilling and the associated Newsflow we can expect.

The header does say 'Losers'!

Here's what my intial post actually said;

"I remember offloading many of my losing stocks and those which had completely stagnated, to Buy BPC.

Many would have just been tucked away doing nothing and others, like my SXX holding, gave me an opportunity to make back the significant losses incurred by those holdings.

I think many followed the same suit and will no likely continue to do so and given the reasonable anticipation for a very significant Upside through drilling.......and seperately, the possibility of finding a huge, World Class resource at the end of it.

Hopefully the Farm in can provide us further Opportunities beyond solely Perseverance 1!

Good strategy to rebalance & rejuvinate a Portfolio, imho.

Make your own choices of course."

I think that's actually a very canny way to approach things tbh, but again, everyone makes their own decisions.

Black gusher ;)

I actually think we'll get a healthy build up of Buying momentum, leading into the timeframe for the end of Q1 2020 SYF.

All the background indications are there for the EL and as you say, a lot of people will be watching this - some getting in before others.

I certainly expect to put significantly more funds in here on freeing up other positions, adding to my existent position and in advance of the aforementioned time.

Atb

I expect us to be in good double figures within a few weeks and significantly higher on any FARM IN announcement, for which I expect an RNS soon, imo.

It's impact on reliance on the CLN & possibly further development beyond P1, is a gamechanger and the EA opens the door now for its conclusion.

It's been emphasised that it's 'Firmly on the table'....at this stage and just after the EA.....for a reason.

Atb

Exactly IK!

Did you manage to pick some up then LB28?