Member Info for bonum

It's creeping up on the 'real trade' prices and we can reasonably expect abundant Newsflow soon - we can perhaps be more definitive with our 'BREAKOUT' then.

Atb & have a good evening all

Good to see it creeping up steadily!

It's possible.....as is the scenario that Oilberta and others have suggested.

We'll soon know.

I think we may get it at any time, as those on the sidelines see the price edging upwards - we all are fairly certain that this is heavily watched and many will look to anticipate the expectation of significant rises on the various near term RNSs due.

Also the deluge of new posters as others have mentioned......so let's content ourselves with the relative peace atm.

Haha....that made me chuckle Bolton.

We all need help, lol

Atb mannan

Suhail, they only had a $2.3M at 30th June 2019, with a stated aim to pursue an acquisition policy, whilst in the meantime having to cover overheads.

The funds from the sale of the Aus assets have been used to service existent debt.

Hence, a very likely Placing due which certainlt doesn't provide substance for any ramping effort being initiated here.

Imho

Atb

Days not over yet ;)

Art should have been well aware of 'Africa time' and managed the exorbitant oveeheads accordingly - not let greed & recklessness take over to the expense of shareholder value.

I've looking for clear timelines and a 'professionally' run company, as we have with BPC and their clearly defined near term timelines.

Not a tin pot outfit run by a crooked, obese charlatan gorging on other peoples hard earned cash.

I hope I've been diplomatic & fair in my assesment.

Atb

I'm going to keep 'skin in the game', as you never know - a deal may be struck and we'll see the massive rise we might expect.

That's not necessarily what I think will happen but the way I see this ie a punt with limited exposure.

However, let's be under no allusions - Art is full of hype/sh*t (however you'd care to put it).

Atb

Interesting times!

Good or bad news moving the price....hmmm!

Well, we're expecting a whole raft of news in due course.

Volume still relatively low but Buys coming up towards the full ASK price.

I think we may get a build up of momentum before the next 3 weeks, as the multitude on the sidelines start taking up their positions and the price starts to creep up accordingly.

We shall see of course.

You 'shake the bum'......we'll wait for the re-rate, Lol!

In jest, so no shaking anything else at me please ;)

Atb & have a lovely day all

"How can we legally & firmly commit to a rig when the money is not there."

It must mean all is 'in place' if Potter's confirming it's all going ahead as scheduled - they'd be negligent beyond belief if they didn't have things covered.

I think you've hit the nail on the head there Jim.

Not long now though.

Atb

I don't even check in often on my holding here - the platform for very significant growth is well founded and obvious (imo).

I don't look to trade or mentally go through scenarios of losses or gains based on very short term price moves.

My strategy is clear ie to build up as large a holding as possible, with a view to holding the stock over the next couple if years and realize a multiple ROI.

We can also possibly / probably anticipate an acquisition approach from a third party within that timeframe, as consolidation takes place.

Let's see where the share price is in few more months - significantly higher than todays imho.

Atb all

Before drill results, I'd be looking at us to be into double figures and a massive momentum of interest from retail investirs, given the potential of what we may have.

Morning Harry. Anything in the 3-4p range is a major 'initial' re-rate in my books at this juncture and a 50-100% increase on the prevailing share price.

However, such an initial re-rate would have a platform for further upward progression built in, as a positive RNS would build into the bigger development of actual drilling commencement.

Although we have a very high COS of realizing a world class resource (relatively speaking). Whether we do or not plays somewhat into the background for many of us buying at the current levels, as we should have ample opportunity to implement a strategic derisk, as later entrants look more towards the end result of the drilling.

I'll retain around 40-60% for actual drill results, which will hopefully reflect the very good geo indications that we have.

We'll get that initial re-rate within the next couple of weeks, imo.

Atb

RNS due any day then.....and our major price re-rate!