Member Info for bonum

That BUY will be seen as a bargain at 4.4p - they're fortunate they could secure that amount at that price level tbh.

Thanks Proselenes - some of the best factual posting on this BB, with clear worked price estimates.

As you imply, those look like they'll all be revised significantly upwards now.

Atb

I wrote this a couple of days ago and that outlook is playing out well -

"My strategy with PetroMatad is pretty straightforward and bypasses all the emotive rhetoric that surrounds the stock for short term price movements, focusing now on the bigger picture playing out.

As the Edison flash note stated, Gazelle was only a feaction of the value built into the price prediction and we have very poditive indications with respect to Heron, for those inclined to view such in a clear light - obviously that still necessitates an official RNS for confirmation, but that will be with us shortly.

Given what I anticipate will be very positive News from such and going by said early indications, I'll let the Company develop the asset and earn the revenues from such, developing the overall business and organically build up Shareholder value.

That's the most productive way to look at the investment imho and given that the Heron RNS, if saud early indications are officially confirmed, will give us a very healthy re-rate anyways."

We've had a much better result on Heron than any of us could have anticipated and now of critical importance, we'll move into significant REVENUE GENERATION for further exploration & greater Shareholder value.

As the Edison note stated, Gazelle was worth just a fraction of the estimate and that will be upgraded now anyways.

Who knows, PetroChina may want to get into the mix with asset acquisition now - it would certainly make sense to them and irrespective, it's good to know PeyroMatad already have agreements in place to share production resources to more rapidly realize Revenues from Heron.

'Boooom time' if you like

Atb & have a fulfilling day all

The Takeover outcome is one that many of us envisage as a logical conclusion and one no doubt we'll be appraised of, when indeed it happens. For the moment, agree that developments as communicated, will put YU. in a stronger position within an growth sector.

Atb

Well called GrinGoblin......lol

Have a look at BPC & YU. - then you can call those retrospectively too, when they have their own 'multibagger' days coming up ;)

Atb with your investing

The RNS today - "The Group's risk management practices in relation to its industry obligations are robust and embedded in the organisation. The Group has continued to meet its ongoing commitments to Ofgem. Contrary to reports of some suppliers' late payments, the Board is pleased to confirm that Yü Group made full payment, when due, of its obligations under the Government's Renewables Obligation scheme."

With such a limited amount of 'free shares' in issue, we're well aware of the effect any small volumes csn have on the share price.....in either direction.

It's good to get the official clarification in todays RNS and the underlying confidence that provides, in establishing that platform for the price to start significantly moving upwards again.

Good to be holding and certainly expect that major ROI going forward.

Atb

 

Imagine if they did though ;)

Atb & have a creative day

Thank you ManuDave - the same to you

ATB

That's it, just completed the selling off fir the residual 'dud' holdings - a bit of gcm, pxig and some copl. Applied for my open offer allowance and some excess.

Now to wait.

Atb & have a stress free day all

Only a relatively small position here as previously stated but have to admit to taking a little off that today and to fund some excess shares on my other oiler - at least the timelines are more defined there and think that serves me better.

Let's see how this progresses and what the next news is.

Atb & have a good day

I think this may have some potential, even with fundraising to cover the Moroccan initiatives, however I relinquished my holding here this morning to pop into bpc and for reasons best discussed there.

Atb to all still invested

Investing elsewhere is next for - I saw this stock when it was over £1 and its steady decline, primarily due to the greed & corruption within the Bangladesh govt and the associated 'mafias' that exert such a corrosive influence on them.

Finally sold my last batch here this morning (thr only trade by the looks of it) and adding to my existent BPC holding - at least I have defined timelines there and every chance to recoup losses on the GCM holding.

Atb to all still holding

I'm not sure about the LSE platform, so perhaps worth contacting them to ask.

My ones under the 'Corporate Actions' link, within the brokers platform that I use.

Atb

My strategy with PetroMatad is pretty straightforward and bypasses all the emotive rhetoric that surrounds the stock for short term price movements, focusing now on the bigger picture playing out.

As the Edison flash note stated, Gazelle was only a feaction of the value built into the price prediction and we have very poditive indications with respect to Heron, for those inclined to view such in a clear light - obviously that still necessitates an official RNS for confirmation, but that will be with us shortly.

Given what I anticipate will be very positive News from such and going by said early indications, I'll let the Company develop the asset and earn the revenues from such, developing the overall business and organically build up Shareholder value.

That's the most productive way to look at the investment imho and given that the Heron RNS, if saud early indications are officially confirmed, will give us a very healthy re-rate anyways.

Atb & have a fulfilling day all

I'm applying for all mine today & the excess, once I sell the 'dud' stocks that have been sitting in my PF doing nothing.

Tomorrow will sell the residual 'dud' stocks that I have in my PF - some of them may eventually recover, albeit prefer the more defined timelines associated with BPC and leadinh into drilling activity here.

The last of my gcm and a few others and then to plow that into the Open Offer allowance and any excess I can pick up with remaining funds - that's my specific strategy but others may have their own.

Atb & have a good evening all

Probably not before the Open Offer ;)

Private_investor, one important consideration is that for many, it's not such a stark binary play ie 'soar or die'. Many of us recognise that this could indeed be 'one of the biggest oil plays globslly', hence reasonably anticipate the very significant, multiple return......not only on a succesful find but through price re-rates as we progress through drilling.

Hence many of us will take advantage of early entry into the stock, at larger holding levels and lower prices, for strateguc derisking nearer the actual results. Others may take up positions and holdvfor the entirety of the course but certainly dirsnt have to be the binary play suggested and I would anticipate for many buying now, that wont be the case.

Atb

Indeed, Shore Capital picking up stock at 2p (and the Directors) will no doubt send a msg out to other Insitutions approached, notwithstanding that informal approaches would already have been made and why the Company (and Etyan in the interview), are so Confident in getting everything going.

No 'queasiness' there, lol

Off to enjoy some sunshine.

Atb

I think the potential Farm in partners are used to the smaller oilers essentially being somewhat easy pushovers when looking for a deal. The BoD dont seem to be playing that game and looking for maximum Shareholder value, being well aligned with shareholders interests anyway.

It could be argued that playing such a 'hardball' strategy can be counterproductive and indeed, a few months ago many of us were saying the same. However, the BoD are an very experienced lot and seemed to have played a good movè here and now with further assurance of Shore Capital taking up a chunk of the Open Offer - no doubt, with Shore taking that up, othet parties approached will also be very favourable.

The fact that potential Farm in partners are still at the table and the re-itrration that the Farm in route is still very much 'alive' and in the table, lends me to believe its a good possibìlity for coming to fruition, especially since the Management are actually well aware of the nature of said negotiations - they seem to think it's going to happen

I agree with them on that, hence expect a follow up RNS in due course.

Atb