Member Info for bonum

In seriousness, lots that sold on the spurious comments from TW, will be looking to BUY back in.....either now, on confirmation of finance details or with a 'staggered Buying' approach that I myself am using to increase my Holding level.

The MAIN point is that we move towards ACTUAL DRILLING and the major rise we can expect iff that - very unequivocal for that to happen from the last couple of OFFICIAL news channels, hence very pleased to carry on accumulating more stock.

Atb

Try VIAGRA to get your pulse racing!! ;)

Let's see how this actially plays out.......but bad form by Toby and the larger predators here!

Atb

Tap, I think some really interesting points have been raised of late and just to clarify my own position, somewhat more succinctly and less emotive than in previous posts.....although to an extent, I was being deliberately provocative in response to the Management's somewhat sly machinations (imho) ;)

Firstly, accepting the good progress having been made in turning the company around and from which we should take a great deal of assurance.

As I've stated previously, the Managent aren't interested in an appreciating share price (at this juncture), as a surpressed price actually works to their advantage, given the bigger picture playing out.

The Share Buy Back is carefully controled to take some stock off the table and into treasury but not to the extent of bolstering the price in any way - that would have been much better utilized by returning it to existent shareholders (imo & many others).

Toby is well aware that the 'consultation' with the largest shareholders would be just seen as a delay by most ordinary shareholders looking for the dividend return often alluded to.....and further impacting sentiment here and cultivating the 'stale bull' mentality.

SJL has by general concensus, been a great asset to this BB with a further insight into the company and specifically the ICM integration impacting prospects going forward. However, he breezes over the 'couple of approaches' he's had in the last month, to relinquish his whole stock holding. That along with the somewhat more bearish sentiment (relatively speaking) in concert with those approaches and off the bullish Operational update - a seeming disconnect there.

Who were those potential significant buyers and why did they want his complete holding.....at this juncture in time.....and at this price level.

SJL is obviously one of the large current significant holders of the srock.

I believe there's the bigger picture playing out, as alluded to several times previously and effectively looking to subtly 'coerce' smaller investors out the picture to the benefit of the significant larger holders (primarily) - as stated previously also, that was always the aim of the Management here, previously headed by Kreuger /AVC and now Toby & co.

Indeed, smaller private investors were always seen as a disposable asset, utilised and then conveniently discarded just before the really significant gains materialised......we all remember the Mozart shenanigans well.

Whilst the various Management teams have been well rewarded, in different ways and continue to do so, stale bulls that remain will be looking to grasp at any low ball offer to exit a stock that continues to promise 'jam tomorrow'.....or a 'mini pot' as SJL is now suggesting.

If that's what they intend then each to their own, albeit having a rwlatively large holding myself (in private investor terms), I'm going to align myself with the 'big boys' if you like and not relinquish my holding for any silly Tender Offer.

Btw, picked up another 100k shares as part of my larger 'Staggered Buying' strategy at c.1.78p.

Once drilling gets underway, it'll be seen as a bargain imo, with a significant ROI.

I'll certainly put my money behind those sentiments.

Atb all

Tom Winnifreth is a highly 'suspect' character in the sharedealing world, who some may even describe as 'crooked'. The newsletter he runs has some decent assesments but is also widely viewed as a vehicle to disemminate 'opinions' that may be profited by in various creative ways, by those privy and controling the output.

As the RNS states and we already knew, the Company are in the process of exploring various funding options, part of which are already secured and other 'offers' from multiple sources on the table - a very distorted persoective deliberately put out by TW, of a 'difficulty' in securing the funding and a specific price of 1.2p. That may indeed have been an offer thrown out by a specific party but to put it as a more definitive price, along with the statement of difficulty in securing said funding, is scandalous by Tom Winnifreth and his publication - he's well aware of the effects from such and equally of covering himself legally in other terminology & general disclaimers.

Any who have followed the Markets over the years, will be very aware of Tom and hus exploits although also aware that many of the eroneous and self serving sentiments put out by him via Share 'Poppets', will work their way into general PI sentiment.

Good rebuttal by the Management of BPC via the RNS and certainly looks like they have multiple offers on the table and the necessity of looking after shareholder interests & value - let's see if that doesn't translate to an oversubscribed funding at a premium price, rather than a falacious rumour spread by rejected parties to such a fundraising and parties involved in such disemination of misinformation ie Tom Winifreth & Share Poppets.

Atb & have a clear sighted day

It's good to hear the different and what I believe are sincerely held views by respective posters - it's healthy to have thise sorts of exchanges, which although quite forthright, do give us an opportunity to see different perspectives and beyond the oft seen random trolling of many BBs.

My own views on management remunerations against a backdrop of lack of Dividends, has been previously posted on. I also agree with Tap on a more insidious underlying play to benefit the larger players, whilst jetisoning the smaller PIs with what I assume will be a meagre offer for their shares. - from that perspective, keeping the share price surpressed and witholding dividends plays into that agenda conveniently.

Perhapa explains a lot of things and the change in perspective of some.......or of course, I may just be paranoid ;)

Atb all & have a good Monday

......or should I say 'inducenents', lol

Atb & have a virtuous day ;)

"Admin 1m (what on earth are they spending that on)....."

Bribes??

Could be we'll get NEWS dropping any time ;)

Atb

All good Ojay and people should maybe go back to Mike Bucks wider discourses on Heron, beyond just the RNS, to get a more complete picture of what we're looking towards.

Mike Buck will get on with what he needs to do, Petromatad will very likely be producing from the structures adjacent to the existent PetroChina one.......and the Share price will be very significantly above current levels.

Confident of all the above and hence why I can sit back and relax, amidst the 'noise' being generated here.

Atb

I have my own ideas on the price drop, but more related to a strategic investor derisking strategy rather than any operational issue and especially given early indications on Heron.

I'm not even looking in on this too much - just letting the 'delighted' Mike Buck get on with his job.

Atb & have a stress free day

Indeed Jim, I'm not looking at whether I can BUY it at 2p or 1.9p (or whatever) - I'm comfortable at this price level, in the context of expected Upside movement.

Now I can just relax and await any outcome.......even dare I say a possible Farm in.

Atb

Who really cares (at this point) if it's 60p, 40p......or 120p!!

It's a 2p BUY in price, with scope for significant ROI & effective derisking strategies......even before we hit any oil or indeed have BP knocking on our door to buy us out, lol

Atb

Obviously 'delighted' over something - could it be the very positive indications from Heron!

Atb

Atb

For sure Molokai and why Iooking to have an initial derisk at the relatively modest levels indicated earlier - however, whatever the eventual upside, on an oil find and just the overal sentiment driven price increase through drilling, it should be very significantly above the current Buy price.

Newsflow should abound in the coming weeks and my own 'Staggered Buying' has been initiated - beyond the holding I already had.

Atb

GKP was another one.......with an even bigger rise from 10p!

.....so a 6-7p derisk is pretty reasonable then ;)

Atb

Interesting figures Jim and why not! - what's demonstrated in your example and probably the main takeaway at this stage, is the likelihood of a significant ROI on the current share price and factoring in full dilution.

However, we also have to consider (at least) the effect Sentiment plays into Aim, especilally with 'potential' upsides associated with any postive outcome on the drill. Off course, that fully accepting that such sentiment itself will be difficult to quantify.

Interesting times ahead and concurence for the significant upside move from current levels - with drill confirmed and relatively short timeframes for Newslow.

Atb