Member Info for bonum

And that's exactly what Toby would say no doubt ;)

Atb

I know he likes to put himself up as a 'Champion of the people', but he's essentially a greedy individual abusing his position and the publication he runs.

He knows Aim stocks well enough to know the effect his rumours would have as well as the reality that although companies may look at various options and through various different parties, the offer presented by one specific party doesn't constitute a factual acceptance of said offer - he was putting forth conjecture as 'fact' and wrapping it up under the general disclaimers that are a footnote to each article.

Scandalous individual and no doubt benefitting in some form, also cleverly disguised' off the backs of smaller private investors he likes to pretend he represents.

He knows exactly what he's doing

Atb & have a peaceful day

That's because many of the so called 'derampers' are now BUYING in - job done ;)

That is the way of things and why it's always an idea to keep an eye on the ball and not incessant postings by people who dont actually hold any stock themselves and under the guise of a 'public service'

Note I say 'incessant', as some commenting on other stocks not held but of interest may be understandable - but incessant posting over days & weeks???

Atb & have an intrigue free day

Can't get a BUY quote

It looks like Tom Winnnifreth & co will likely have utilized the 'opportunity' they created to no doubt profut from the recent sharp drop off their 'rumours' put forward as 'fact' via their publications and now dismissed (again) by the company.

It looks like we may have some heavy BUYING this morning, as those having sold or in the sidelines, look to get back in quickly.

I've been operating a 'STAGGERED BUYING' approach here, as have seen these sorts of underhand plays before and cognizant of the very real likelihood of a significant rise from current levels as we progrss through drilling operations.

I'm in the market to pick up more from the opening bell and will post my purchase accordingly.

Atb & have a stress free day

"The Company has consistently stated that it will work in a coordinated way toward selection of a financing package that the Board considers to be in the best interests of the Company and its shareholders. To this end, at the Company's AGM on 17 September 2019 shareholders passed a number of special resolutions designed to provide the Board with the flexibility to enter into a range of possible funding arrangements to secure the funding for the initial exploration well, including the approval of a conditional convertible loan note agreement for the provision of £10.25m ($12.5m) in well finance.

 

In this context, in recent days the Company has met with a number of potential institutional investors as it considers its funding strategy. However, the Board considers that the current share price of the Company materially undervalues the project, and thus raising equity by way of a private placing to institutional investors at or below the current share price would not compare favourably with other options presently being considered by the Company, and would thus not represent the best value proposition for the Company's shareholders.

 

The Company continues to actively evaluate a range of funding options, and active farm-in discussions continue. The Company remains confident it will implement a suitable financing package which will provide access to funding as and when required for drilling and drilling related activities, and which linked to the provision of a rig and access to integrated well services from a collaboration of major international companies will enable drilling to commence as intended in H1 2020."

 

All going exactly as planned and on schedule!

Atb & have a good day

YES or NO?

If YES and all requisite funding confirmed - RESULT!

Finally we get some progress here & price will nove up going forward!

Staggered buying is the way to go, imo

Atb all

Bought some more using my 'Staggered Buying' approach and given that if indeed the rumours are true, the current SP is near enough the suggested placing price - however, if untrue or any Farm in deal is announced, I've picked up stock at a BARGAIN price.

Whether I bought at 2p, 1.6p or indeed at todays price - once the financing is complete and operations under way, any of those levels should be very significantly passed.

Pleased with my increased overall holding and fortuitous price entries and now comfortably awaiting the price appreciatiom into Operational progress.

Atb all & have a reaxing day

Perhaps ask him to clarify what he means, as the email was somewhat ambiguous ;)

Atb & have an abuse free day

Thank you for the reply SJL - let's hope Toby & co deliver on that front now!

Atb

What feedback did he give on Dividends - will we have 'conveniently' wait an inordinate amount of time for any such initiative to be implemented?

I forget exactly how long the business review took but are we looking at a long wait & subsequent duration, for the 'discussion process' to take place and be concluded?

Thanks for that update SJL and good to get clarification on certain of the points previously discussed on this BB, as well as afirmation of your own comittment to push for the initiation of the Dividend. As Sunday points out, we can intellectualise the 'theoretical' reasons for not giving a dividend, but we know that such dividends would attract a great deal of positive sentiment to the stock and hence new waves of buyers.....and beyond just a dry look at metrics alone.

Enough of intelectualising stooges - let's have the jam!

Atb & have a pleasant day all

BOOOOOOOOOOM soon enough, imho!

All initisl indications extremely positive and a 'delighted' Mike Buck - Petro China next door, will also be taking close notice, especially with the agreements already in place between them & PetroMatad.

Heron commercialy producing, PetroChina buyout approach for that specific asset - thank you!

Atb & have peaceful & relaxing day all

Interesting points Jim - so, basically you're saying the BoD are mych more cognizant of the progress of the current Farm in talks, obviously being closer to the action than anyone else, journalists & contributors here included.

They've already secured a good part of the financing AND have offers already on the table for any additional anount.

Being closer to the aforementioned talks, they have a very good idea of those being concluded succesfully, hence the continued reference to them in official conmunications and now confirmation to conclude such, with additional bargaining power on their side by the aforementioned offers of alt finance already there.

It sounds very plausable and why those talks are still current and the official Comms refer to such - a Farm in RNS is still a very real possibility here, despite any counter assertions by some BB posters - who are far removed from the negotiation table.

What we do have is reassurance that whatever route is eventually taken, the requisite finance will be obtained - and drilling WILL proceed!

Excellent position to be in, inho

Atb all

Neither with company stooges!

Atb

"The idea that a tender off is to remove smaller holders from the registry is complete BS." - how so?

Yes, we all know by taking shares out of circulatiom, existent holders own a larger portion of the busines - and that's the whole point!

The process will be 'under discussion' with the largest, most significant holders, who'll look to transition a greater part of the company into their hands.....and on their terms......with stale bulls exiting .

The company will then be disposed of for a greater profit, said profit being carved up amongst themselves and those of the smaller investors hanging onto their coat tails.

No BS there!

Atb

He's very much alive & thriving manan......and always has been off the very generous remuneration & expenses paid for by ordinary shareholders!!

Jay was adamant he had taken a PAY CUT (finally), in sympathy for all the aforementioned ordinary shareholders - I have yet to see any 'officicial' reference to any such Pay Cut, hence assume that News was communicated through the email channels - or made up!

Once this is all over, Art will still be smiling I dare say.

Atb

7.5p according to YHAL ;)

'Can this TW be held to account in a court ?'

It would be difficult, as the articles have multiple general disclaimers attached and the language used will often have certain 'inclusions', which subtly change a statement of fact to an opinion, albeit the nuances often actually lost on the reader.

Certainly not worth pursuing, especially in the larger scheme of things ie the company moving towards actual drilling operations.

Anybody whose been around the marketss, knows how TW and his team operate!

Atb & have a manipulation free day