Member Info for bonum

We were well off TD when the 'hysteria' started, so am very doubtful that it had anything to do with 'initial shows' or lack of, hence much more likely to be the quite usual derisking scenario as noted previously, imo - each to their own though.

Atb all & have a productive day

No RNS this morning, so we can at leasr put to bed the wild speculation if a duster having been drilled - the reality is we haven't even reached TD - bear in mind the company are duty bound to report materialsignificant information to the market ASAP, hence the commencement of the price drop early last week, would NOT have been due to a duster.

Everything to go for here and glad to be holding for upcoming developments, given the attractive COS, Seismics available, Appraisal status etc.

Regarding a possible placing, my view is that it's not on the cards at this particular juncture, for the reasoning many have already given and IF it was to cover extraneous costs associated with the short delay (and ither 'expenses'), it would be an extremely limited one in size - but essentialy doubt its on the table anyway.

Last weeks price drop is more likely, imo, to have been part of a derisking strategy by certain holders accumulating stock at the much lower c 3p levels, given it was highly likely to have significantly risen from there moving into actual drill operations, where we are now.

That itself seemed to have caused its own 'mini hysteria', even though we were quite a way off TD!

Let's see how the next couple of weeks plays out, but I myself am staying well invested for OFFICIAL confirmation of results.

Atb & have a good day all

I doubt that, as again, they would be duty bpund to communicate such information to the market asap - they would not be able to withold such info.

The profit taking scenario noted is often initiated around day 10-14 before TD and the period I would have chosen myself, if I was effecting such a strategy - larger implementation of such could easily tip the balance against late entry buyers, hence causing the more sugnificant drops in the price and tying into 'mini hysteria'.

Again, we can await any possible RNS on Monday morning, but I suspect TD hasnt been reached yet on either drill.

Atb

I suspect what we're seening is a party (or several) taking profits from an entry at the much lower previous levels. Anyone who had the funds available at the time, would have seen a fairly clear opportunity to realize a significant ROI from a price increase leading towards drill results.

For many, the derisking for a profit strategy has failed to materialise, given the overall higher average of individual holdings and underperformance of the share price. However, those entering at the much lower levels, would have had a better degree of certainty to have enabled such an effective strategy.

I see that as the likely scenario as we progress towards TD, with the resultant price drop fuelling negative speculation regarding the current drill outcomes, hence the downwards momentum observed.

Of course, as Capt. Stanley points out, that scenario could also be played out with a background placing being effected and which only official confirmation would confirm, albeit I still lean towards the former scenario of individual holders with 'somewhat' larger positions, realizing profits.

Again, if indeed results were already onown around Tuesday, the Company would not be allowed to 'sit' on that information and would be legally obliged to disclose it to the market!

Let's see if we have an RNS on Monday morning, which would still be irregular with the length of delay - if not, we can presume with somewhat greater certainty, that an alternative scenario beyond any negative drill outcome, is the reason for the price drop over the last 3-4 trading days.

Atb & have a good weekend

The argument regarding Shorting could also be added to that list of course.....

TD is unlikely (not impossible) to have been reached a couple of days ago, at the commencement of the significant price drops.

If news was indeed known a few days ago, the Company would have been duty bound to report it asap, under the requisite Financial regulations.

If it's a placing being worked, to cover working capital for extraneous costs associated with permitting etc, it would likely be an extremely limited on, albeit I don't believe thats the case but mentioned as its been brought up.

Perhaps negative sentiment associated with the lack of clear and unequivocal confirmation of the requisite permitting being signed off, although we have had the previous RNS stating the fulfilling of all conditions & paperwork associated with said permits and now waiting that final confirmation.

Another scenario is the offloading by a major holder, for whom we may receive an RNS shortly, if their holding warrants such an official release.

Of course, it could always be the flames of uncertainty, being fanned by individuals through genuine (or not so) concerns and taking on a 'mini hysteria', as happens in stocks to varying degrees.

Obviously, the above are speculations only and an official announcement is required. However, it does demonstrate that such drops aren't nevessarily from the outcome that some are suggesting - let's see how this plays out but for better or worse, fully invested still and holding for said official confirmation of the drill results.....when it hits TD ;)

Atb all & have a good weekend!

They certainly are trying hard.....lol

Will a few pence price difference really matter on a succesful commercial find......the price will almost certainly open UP well beyond any recent highs!

Of course, a 75% COS isn't an unequivocal guarantee of such a find......but it's about the BEST you'll get in the industry and with multiple, fully funded other drills.

We're all very well aware that certain posters are continuously 'less positive' in their posting, as they obviously have an interest in the stock - the validity or not of their posts, associated with their continued interest, has to be assesed by individuals reading such and each to their own.

However, I wonder how much rapid BUYING will be happening before market close and in anticipation of News next week and/ or a rapid rebound of the Share Price!

Atb & have a relaxing day!

That is the question....! Lol

Whatever it takes....'whatever' that may be, I am certain that the requisite measures will be taken for the 'benefit' of all parties concerned.

We dont neef to categorically state 'Bribery', within that statement and we can each look at the situation within the sensibilities we hold.

I personally believe that certain judicious use of funds will resolve the issue, in whatever apacity that may be - again, it's in NO ONES interest for the requisite permits to be witheld.

Atb to all fellow investirs.

It's in NO ONES interest not to get all the requisite Paperwork signed off and the local governor would need a very good reason not to, with all the official paperwork completed and preliminary requirements having been previously satisfied.

We know this is essentially about individual personal gain for said individual, which the Mongolians withing the Pwtromatad structure, will be more than familiar and able to deal with.

How much will it cost Petromatad - enough to satisfy the official (and his minions), but not so much as to put a significant dent in our budget.

In the meantime, even with a faster drill time, we'd still be off actual TD / results, hence no doubt some people following the price rather than rationally assesing the issues.....and no doubt more than a few stop losses being hit, to exacerbate the situation.

Interesting times ahead, when we actually have something tangable to report & certainly will be invested for that.

Atb & have a relaxing Friday.

Indeed and as previously discussed for the obvious reasons stated, we should see this working its way towards & beyond the nearer term levels of 6.5p......and higher as we move through the various price Catalysts.

We should have a raft of Newsflow heading our way now, as we move into actual drilling operations within the coming months.

Very exciting times and good to be holding BPC stock.

Atb & have a good day all.

He's not digging the hole himself - LOL! ;)

Atb all

That's only a matter of time imo and as commented on yesterday. We reached the c. 6.5p previously on speculation associated with the exclusivity period entered into with the potential Farm in partner.

We now have a firm comittment by the company to drill within the specified timeframe, with the respective arguments for ot against a 100% owned drill already having been made here. BPC's commitment has also no doubt strengthened their own negotiating position, with the various potential Farm in partners, who they are still in negotiations with.

We should be getting a raft of News in the coming weeks and various catalysts attached to significant share price re-rates, as we finally aporoach confirmed drilling activity.

Certainly a very exciting stock to be holding & potentially major upside even independent of the actual drill outcome, with judicious derisking just prior to such and taking advantage of early entry.

Atb all & have a productive day.

......having said that, wouldn't like to speculate on any price moves on such a short timeframe as a day!

We had mid 6p with the exclusivity period announcement, associated with the previous farm in speculation. We now have a confirmed intention to drill, so certainly expect that 5p to be 'reached & breached' in the coming weeks.

That itself will likely be dwarfed leading into actual drilling operations.

Good to be holding for the various catalysts to the Re-rate stages.

Atb all

Prefer BPC to i3E tbh, as much bigger upside leading into drilling from current levels and the various staged catalysts leading into the re-rates. However, cwrtainly a lot to look forward to where we are with MATD and the fully funded prospects we already have here.

Atb all

Stewart,

Agreed on that - although I concur with the price expectations expressed by 'Specialist100' (on this specific occasion), I would obviously be generally sceptical of his/her posting per se, until a broader posting history can be more properly assesed.

Atb

The relatively low volumes insicate nothing beyond a normal price variance - given what we're looking at with the Appraisal prospect and multiple bites of the prize, I wouldn't be surprised at all if previous premature sells wwre quickly made up with Buying......and a BLUE FINISH to the day!

Staying well invested in MATD for hopefully a transformational period in its growth.

Arb all

Any sensible comment on the points made in my previous post Baserite......or just continued irrelevant outbursts?

Try to give a sensible appraisal of the investment case, which would better contribute to a useful BB for others.

Atb & have a good day all

Could be on the money with that prediction!