Bowleven Share Discussion Threads

[pillow] 27/7/2017 15:47

Major short position opened

[gark] 27/7/2017 11:07

Are you Kevin or Billy in disguise?

[pjj71] 27/7/2017 10:40

Still no news from the clowns.. time to get rid and Bring Back KEV!!!!

[gark] 27/7/2017 10:21

Thought New Age were the buyers, Biya decision may have delayed things.

[cyan] 27/7/2017 10:09

so much for Malcy's spy's who said COC had a buyer lined up.

[gark] 27/7/2017 08:44

It's getting a bit laborious!

[cyan] 27/7/2017 08:24

Anywhere between 40 and 50p is likely imo. Be glad when this is all done and dusted and I can walk away with some profit.

[gark] 26/7/2017 21:51

Same reason I am. For the massive pay day before the end of the year (I hope!).

[cyman] 26/7/2017 20:40

Can anyone here please explain to me why I am still invested in this pile of ^$#@///€==

[gark] 26/7/2017 09:14

You would really think that the Cameroonian government would want to get this developed and see some revenue. Truly unbelievable but that's Africa I guess!

[carla1] 24/7/2017 20:47

Must admit took a little nibble at 24.5 after selling at 34.. it's good to be back..

[cyan] 24/7/2017 11:08

On the face of it BLVN looks like a 'safe' bet. Not much of an asset premium over the cash held. Its all about how long before 'pay day'?

OT

Le_com. Watched TLW and noted a small jump. As I suspected; only for fast nimble traders. share price looks very poor again and all the gains lost.

What do you see there that I am missing?

[gark] 21/7/2017 16:48

Strong close.

[gark] 21/7/2017 15:45

You may be right some sells going through but volume very low.

[nick rubens] 21/7/2017 15:40

Feels like a sell order being worked today?

[cyan] 19/7/2017 18:00

GENL had a similar finish. POO has been pretty strong on the back of favourable oil stats. maybe part of the picture. brent now $49.46

[fft] 19/7/2017 17:03

That was an odd finish to the day. Wonder why so strong towards the end of trading and why so many traded at 25p in the auction. Has the seller been cleared out ? Or is it a ruse ?

[gark] 19/7/2017 15:41

You are correct.

[warbaby43] 19/7/2017 14:57

Whoops, thanks for that,cyan, and is my 2020 hazy recollection correct or am I wishful thinking?

[cyan] 19/7/2017 14:44

$40k ! small correction $40 MILLION lol

[warbaby43] 19/7/2017 14:15

From the limited commentary coming our from New Age, it would seem most likely that the immediate delays are down to SNH who were last reported to be wanting to proceed to development but without forking up their 20% dues and rejecting NA's formula for a deal on that.

There is also the question, though, of the appraisal drills timing and is there a backdrop date of 2020 by which they must be undertaken or the $40k paid anyway to BLVN?

[fireplace22] 19/7/2017 11:30

Presumably the the clock started running 3 years ago, can't imagine that BLVN or New Age were delaying so presumably down to Luk (and the Cameroonians presumably).

[goodgrief] 19/7/2017 11:20

How long can they postpone for? Indefinitely? Or are there time limits on their involvement?

[tiler1] 19/7/2017 11:12

From what I remember from my conversations with KH on this issue. The JV pre-emption rights were heavily in favour of the active/ remaining partners or partner. For example if LO walked and didn't want to finance their corner they would forfeit their equity stake, allowing for the remaining partners to proceed.

Also there is no way CO did not examine all alternatives under their DD before they went balls deep.