Bowleven Share Discussion Threads

[hernando2] 02/3/2017 08:22

Who would in their right mind enter into a farm out(even if it was economically viable), whilst this vote plays out.

the board have painted themselves into a corner with their hiding of information and wild double or nothing spending plans. IMO

[billytkid2] 02/3/2017 08:13

I would expect the stock to drop back towards 25p if the resolutions get defeated but who knows. I was under the impression that we would get an announcement on the bonomo farm out before the vote, so its disappointing to see no news.

[durby] 02/3/2017 07:20

Beware of Le Com fella who based on his recent posts appears to be another sidekick of the incompetent bunch who wants nothing more than to keep the gravy train running!

[le_commissaire] 01/3/2017 21:49

At least 2 paid for posters on this board or i am a dutchman with 3 legs.

I asked if COC could 'stoop to the street'.

Seeing a very coincidental influx of new posters on ADVFN, iii and LSE all joined within the last 4 weeks but all using strangely enough the same paraphrasing, sentence structure makes this cynical hound believe in the conspiracy theory put forward by Goldman when they uncovered paid for posting groups on US platforms.

Obviously it is a public forum, but i will repeat again, this is a pure unadulterated asset raid that even my own dubious deceased hamptons would be extremely proud to have worked.

I have called down the BoD repeatedly and still have my own personal hit list on 80% of the BoD from last year but to my simple business eye, this is as rancid as a 10y old banana and as obvious as a dalek screwing a dustbin.
And that is coming from someone who trades in ssome of the most corrupt markets on god's green earth.

Winnet
Totally 100% agree re the ex drug dealer and the failed Douglas fund manager.
If people believe that those two muppets are in this for COC out of purely altruistic intent then they must also believe in the easter bunny.

[slipanchor3] 01/3/2017 20:56

JAG

I have a gut feeling it won't get as far as counting the votes, I think there will be a compromise or an offer.

[tli8jaguar] 01/3/2017 20:36

I think the BOD have got enough support, Winnet.

There are suggestions that people are selling because they think COC won't win.

Slip, you can't sell your shares after you voted, your vote won't count.

[warbaby43] 01/3/2017 18:38

Am not sure if this has appeared on here before:



Meanwhile, to snipe at COC over corporate governance and trustworthiness issues would be to assume that the present Edinburgh mafia gang are any sort of exemplars - they most certainly are not.

The heart of the issue for voting shareholders has to be the respective plans for the remaining $90m (or whatever it's down to after Billy's Project Fear spending)

If you want to see the remaining cash, after provisioning for Etinde, funding more Bomono drilling and on pursuing acquisition acquisitions both "to cover G&A" and for exploration "Future New Ventures Opportunities" (P21 of Circular) vote to continue with the present board.

On the other hand, after provisioning for Etinde, if you want to see discontinuation of Bomono activities and pursuit of acquisitions, G&A slashed, remaining cash returned to shareholders and the company readied for sale following Etinde success, then vote for COC.

The issue and the choice between the two visions is stark and simple and trying go for some sort of pick and mix hybrid makes no sense other than being a cop out.

[slipanchor3] 01/3/2017 18:21

KH history of lies greed and deceit proves he is nothing more than a con-man, and like all con-men, he got away with it for so long he thought he was untouchable.

Well, the day of reconning has arrived for him and the Cairn yes men around him. I will be voting foR all CO resolutions, I fail to see how it can be any worst than what we have had to put up with for the last ten years.
AIMVHO

[tiler1] 01/3/2017 15:38

Benjimun

To be clear I have not yet cast my vote.

To begin with I was edgeing towards the BOD, but I have been very disappointed in what has been revealed over Bonomo and company direction.

But as I say I prefer COC business plan as it provides a route to meaningful shareholder value. To carry on as is does not. But I do agree voting COC is a leep of faith, that I'm still weighing up.

[benjimun] 01/3/2017 14:42

Tiler,
'but at the moment I fail to see how anyone can do a worse job than the current executives' if COC win you might well find out.

Far from being a signed up member of the KH fan club, it has must have been clear to BOD since last summer that COC were sniffing around, hence I guess we can understand why there was no formal announcement on Bomono and it has been dragged out of them kicking and screaming. you would want to bury bad news in any farmin that would make sense. Bomono is not too good but we can make it work for us woudl be the message.

I would also like to remind people of shares like GENL who have performed just as poorly IMHO. Some other like RKH have to started to recover albeit modestly, some have gone bust. As for failing to buy assets cheaply, they need to be the right assets as t the right price relative to cash. I can see where the BOD might have struggled here, the aminex deal was slated and now they are slated for letting it go. I was looking at SDX the other day they bough our circle oils asstes for 30m I think. Wonder if the BOD looked at these or not, given Billy Allen mentioned getting close to buying assets in middle east. Would shareholder have been happy with that. Some of you need to get some perspective.

[winnet] 01/3/2017 14:36

tbh, judging by some of these postings and the level of knowledge of the some of the posters, the cash isn't being very well spent.

[leedskier] 01/3/2017 14:34

The money the investor relations companies must be shelling out. But I guess CoC can afford it.

[winnet] 01/3/2017 14:31

all that may be the case Mancini, that doesn't mean to say COC are a suitable alternative.

infact, the opposite is true! IMO

[tiler1] 01/3/2017 14:08

Hi Winnet,

I have to say COC business model is the correct way forward. Shareholder do not need any further rainbow hunts.

IMO its been now proved by the current BOD that they cannot be trusted with control of the company. Their overall performance on Bonomo was not only disingenuous in the way they have not reported what they know. The way they handled the share buyback and the way they have handled COC, they have been arrogant and incompetent in equal measure.

I share your concern over COC, but at the moment I fail to see how anyone can do a worse job than the current executives. We have to face facts we have been let down on a large scale.

[hernando2] 01/3/2017 13:51

Winnet..i know you are opposed to COC , it does seem to however that you fail to acknowledge the complete failure of the board to keep shareholders informed of significant bad news and of their poor Judgement.

The Suttie fundraise is a good example of incompetence and complacency leading to desperate actions..

They should all go..IMO

In fact my holding will be voting that way in the next day or so, I am only holding back as i consider selling a few , in case of the disaster that will await if the current board holds on..

[winnet] 01/3/2017 13:39

However the BOD remuneration is a sideshow to the issue of whether COC are more trust worthy than the current BOD.

------------

For me its not about trust really. Its about who can progress our assets in the best way from this point forward.

Given the skill sets of the directors, the corporate governance arrangements and the broader strategy presented, there can only be one clear winner and its not the Monaco financiers.

We've had a bit of moaning for a while now on these boards, but recently its been much more active with lots of new posters denigrating the current board of directors. There has been lots of talk about issues which are not centrally relevant to our strategy. Like remuneration.

I hope the BoD have done enough to resist this grab otherwise its the end of BLVN.

[kbrook] 01/3/2017 13:37

I am a swing voter and am leaving it to the last possible moment to cast an informed vote. These attempts by the board to discredit COC rather than give us anything positive are not helping their cause, well certainly not with me.

[kbrook] 01/3/2017 13:35

I'm not sure how much a RNS costs, but they don't seem to mind paying for them now, what a shame they didn't bother putting them out every now and again to update us on operational matters.