Member Info for bonum

A 60% Uptick from here in a few weeks can be deemed pretty good - and that's without the Farm in!

That's for starters!

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.

With the FARM IN we wont need the CLN - either way, we're confirmed fir DRILLING!

I was referencing someones comment earlier and Proactive didn't take into consideration the Farm in in any price estimate - it hasn't been announced yet or the terms of said deal.

What we can be assured of is that the BPC will be playing hard ball to get the very best deal for Shareholders

LOL - well, perhaps a pre-sentiment of things to come JM!

Underpinning what you say Manro, is the massive inward investment from India for the infrastructure to refine domestically produced Oil - all consistent with the Govts stated aim.

Everyone that really matters is aligned and reading from the same page and it does us no harm that PetroMatad are effectively 'seen as a Mongolian Company'.

The Exploitation License will be issued soon and within the timeframe stated by the CEO, imo, the impact on the Company and share price expected to be massive.

Atb

15-20p sounds good on the Farm In - it's what was suggested previously and no doubt, we'll find out soon enough, imo.

Way progressed from the current c 5p anyways.

Apologies, just wanted to use that as a header (once) - blame IK! ;)

Atb

Less dilution & a Massive RNS about to be released,

4-5p???

https://www.proactiveinvestors.co.uk/companies/news/913731/bahamas-petroleum-company-could-be-worth-double-as-perseverance-well-nears---broker-913731.html

Farm in still FIRMLY on the table - straight from BPC via Proactive Investors!

That pretty much means it's going to be announced shortly, imo and especially now the EA gives clearance for the Farm in partners to commit.

At this juncture, the price just needs to show some 'buoyancy' around current levels, to establish a platform for further growth and attract more comitted Buying & holding for the much larger gains one alluded to.

It's doing that atm and a welcome development after previous 'activity' regarding the stock and of which we are aware.

The CEOs cash injection has provided the impetus to establish the aforementioned stability as a precursor to 'reasonable' anticipation of an upward (and sustained) price progresion.

Those who 'dumped' previously will likely have to re-enter positions at a similar or higher price level, if indeed they can get past the difficulties observed and the move to NT trades on such.

As the header says, looking a lot more promising.

Atb

4-5p then????

MONDAY!

Could be Tomorrow or Tuesday of course.....perhaps Wednesday, Thursday or next Friday??

The point is - it'll be BEFORE the 9th March CLN timeframe ie Anytime now, imo.

Atb

It's been looking a lot more bouyant of late, difficulty encountered with actually buying stock even in a descending price, hence indicative of a Background buyer - and reassuringly, some large individual Buys showing up.

The very short timeframe suggested by the $200k suggests imminent News.

Let's see what that is.

Atb

"And yes the best “ bet “ is for them to keep chunking out cash profits and wait for the right buyer"

Great, at this rate I'll wait for the price to keep going down, then Smash open my trusty Piggy Bank with great gusto......and offer that up to buy the company!!!

Lol, yes 'Perspective' is good ;)

People ofyen sell on singular news - but here, we have key news pieces opening up a further flow of very near term news.

With the raft of RNSs due and the key importance of the EA, todays initial selling like more like the 'Wilderbeast panicking' scenario refered to previously - the Lions will soon move in to pick up stock in what should be a very significant rise in the coming few weeks.

Many will have been 'kicked out of play' yesterday and others today - as the price rises, they'll wonder what happened......especially so if Perseverence hits the mother load.

Selling in the 4ps....???

Note the word 'TRANSFORMATIONAL'

Atb & have a good day

MATD fought back against the Carina virus over the last couple of days, so not all being as affected as the wider market and hopefully will load up big there before their Exploitation Licence news.

BPC will push back later in the day as the quick traders are out and those looking at the Newsflow playing out over the next month, start to take a greater Opportunity that wider market sentiment has presented.

At spud, do we really think we'll be anywhere close to these low levels, never mind the supposed 5p resistance - we've never been this close to drilling.....no where near.

Haha....good one Capt. Stanley!

There's obviously a lot of uncertainty in the wider Market, due to the Carona virus issue etc - that 'should' be a transient and unlike the Sovereign Debt Crisis of a few years ago, which seemed to go on for an age.

A muted response to a fundamentally important milestone, is probably understandable from that perspective.

However, from 'near certainty' to 'Certainty' now regarding comfirmation of DRILLING.....which is what we've all awaited.

As previously stated, I'm expecting the Farm in announcement shortly, as I don't see how they could have concluded it without the EA - they have that now and I suspect all was agreed in principle, subject to the 'official' granting of the EA.

Farm in RNS in the next couple of days and before the 9th March CLN extension date....along with all the other Newsflow.

Do we really think the price will be at this level going forward???