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Problem with research is you can't research the future,...so imo a general consensus of the invested is a good start !!
That's what I was looking for !!
Bottom line . Have invested £45k and will invest a small top up next week . Do not expect short term gain but am happy with the long term hold.
"bod and the expectations"
Surely somebody hasnt done their research.... Chuckles
Aerial, then you have already answered the question yourself dear
I'm not too interested in the past, but am interested in the bod and the expectations of those invested more than anything else currently. My level of risk on AIM !! ;)
Aerial, I suggest you to look up Gold Crest Resources (now named Block Energy) to get a feel of the past performances and promises the company has made to its investors before deciding whether to invest in here or not.
I also recommend you to look at the video interviews from our Ceo Paul Hayward, who has raised expectations of 1100-1500 boed, but recent RNS only delivering 295 boed.
The Well is currently in clean up phrase which supposedly have finished, but now need another 90-120 days to complete. Everybody here is waiting for clarifications on the issues people have raised over the past month.
Not sure your level of risk taking but it is definitely something to consider judging from the over promising and under delivering by far the company has proved to be
I also think we are at the bottom of the SP range now - there was a sustained period of heavy selling mostly by Miton as they off loaded shares to pay investors who wanted funds back from their (?) Micro Cap IF. The share also took a hit from a sustained bashing campaign by various web based commentators - it was orchestrated, informed, persuasive and effective in that it seemed to loosen many PI's from their shares. Last full day trading saw only 50 recorded trades - some days previously there were 300-400 (up to 700) trades as the SP slowly drifted down over about 2-3 weeks. Personally, I have freed up some money and fully intend to top up as and when the SP is at my next buy in point.
Hi Aerial - I have invested here for the medium to long term - 2-5 years I suppose. I sold other stock which was not performing and put it in here. The SP has been drifting down and I could have traded it a few times but I would still want to hold some stock anyway . I have £ 20K in my ISA for this year and that will be my longer term (5 years plus) holding. The others I will hold shorter term after de-risking and just carry a smaller number of shares at a much lower SP average or a free carry. As you say each to their own - listen to all sides and make up your own mind. As for M31 most people on here seem to filter him out (me included) he has what can best be called "attention seeking" tendencies.................of a negative, nihilistic variety.
No problem aerial.
Gary and myself are one of the few helpful people on this board
Remember, always DYOR
I'm not one to hold back, so my real quandary is whether to invest with a reasonable stake (as an investor not a day trader) or not?.. Whatever the case I will be watching and listening for the foreseeable!
Boffer and I have been invested in the same share for many year. He didn't advise me, and doubt he even knows I bought in. It's just that I like to take heed of the views of people I know. I think most would agree that taking advice from anyone is a fools game.
Thanks for your and Mikes31's reply!!
Hello Aerial - My own view is that the markets have taken a beating (not just the AIM) for a while now so everything is slow. I would expect the SP to be pretty stable around the 6.5p to 7.5p level in the short term. As you know any news of a positive nature can send the SP north at a rate of knots. The sentiment on Block has obviously been knocked sideways by recent events and the drill clean up required at 16aZ. With the next well nearly ready for spud date this could see the SP retrace back to the low teens fairly rapidly. We are all waiting for news - buy back in now and go up on any rise or hold back and try and buy back in at a sensible level. I missed de-risking my own holding but am fairly confident of where this will be going and happy to wait it out. If you want to see the heights of 14p-17p that might not happen in the next 6-12 months but who knows.?
BigBoffer could maybe advise you again - I am pretty sure he would be "upbeat" with his views on the company. I am happy to see a slow steady rise rather than "spikes" and rapid drops.
I'm sure a lot of people will tell you 10p next week and 20p next month
Nov 2018 2.55p 52 week low..
May 2019 17.50p 52 week high...
Since June 2019's 14p it's been almost continually down hill....
I bought in @ 10p as a punt on the views of my old friend BigBoffer, and out (which is not something I usually do) @ 12p with a small profit.
I am looking to try again with a longer view, and would be interested to know what the current expectations (in-short) are from those invested. I know it's a VERY leading question, but I've genuinely not been watching since mid June.
Q: What is the current expectation?, a levelling or a rise, or will it continue to drift before it turns??..
Agree with both of you the next few weeks should be "illuminating" with the expected release of operation update and any production figures ready for release. I have no expectations for the SP beyond hoping that there is a move Northwards to show the LTH's here that the stock has value as the drilling progresses. As I said I have a view of BLOCK as a "work in progress" it is not the finished item - issues needs addressed that have been mentioned here frequently enough, so I can just skip over them. (I do NOT ignore them.) As you say a great entry price and POTENTIAL for real growth in the next 6-12 month period. GLA
Yes let’s not get carried away. Step by step. I don’t think SP predictions are possible with small cap oil company’s , so much depends on news flow and success/non success events. History shows AIM is somewhat a casino definitely with no bottom. For example if the next drill is a fail then 4p is possible. But I think we have multiple bullets here so even if 1 or 2 hit then we will be good. Overall it’s a good punt and I’m in but trying to manage expectations. GL all
PH has never said the company would be blue sky in the next few weeks. Read all the previous RNS’s. There is a clear production strategy plan where the oil has first been identified and is now being produced increasingly. From what I read, the timescale has been towards the end of this year and into next for all 4 wells to be producing at the same time + gas + potential acquisitions. The market is down as a whole not just bloe for now. If you asked my opinion the price now is a massive buying opportunity for great returns in what lies ahead. I’d like to see 20p by Christmas based on 16az and 38:) that’s a 3-4 bagger from here.
"The world is your lobster Rodders" as Derek Trotter used to say LOL. I do believe in the company - but draw the line at gazing into my crystal ball and "predicting" what the SP will be in 3-4 months time but something tells me it will be a lot different to what it is now. I bought 90% of my holding below 4p and have topped up as the SP has been tracing back from around 13p. I have freed up some cash so I am ready to go next week with my final top up. Then it is just a matter of sitting back and waiting - as you say if it all comes good then this could make serious changes to the LTH's cash flow. Let's see what happens in the next two weeks eh.?
BTW - I am travelling to Georgia first week in September - staying in T'blisi for 5 nights - anybody been before - it will be my first visit - anyone recommend any things to see or do?
GLA and as usual DYOR
Having goals and dreams is nice but don't get carried away. It could get really disappointing
Ah, so your a trader that's why your miffed. True investors are not bothered about short term drop backs but look to the future of what their holding will be worth. One good RNS and this will re-rate immently and we all know that, or at least we should or we shouldn't be here.
12m cash at bank gives this a MCap of £15m.
Roughly speaking for every 1000 barrels pd =£40m mcap,
so £40m plus £12m Cash =£52m or about 13p SP.
The new wells albeit are not yet drilled but factoring in these and online by year end what will the SP be?
Add in the GAS, and what will it be? I will start with a conservative estimate of 34 pence.
If I don't like a company or the way it is been run I move on and don't just keep posting drivel. If you don't believe in something sell at a small loss or sell at a large loss. I prefer a small loss and learn from it. This is a mid tier company given time and the fact that PH isn't running around like a headless chicken and listening to this noise is great IMO. The fact that he is continuing with the plan and moving things forward will invarioubly see the SP rise. I have holdings before where the story remains the same and sat on 50% paper loss and it has turned into a 300% gain. Sentiment is a big part of AIM, and trolls put doubt in the weak peoples head and MMs cash in at their expense. That's why so many PIs loose money.
I look forward, as I am sure do many to the next 2 or 3 RNSs. This investment will be life changing for many here in the long term, sadly not me due to my relatively small holding compared to a lot on here, however my percentage of profit is excellent as I bought in at 2.85p last November. £1 would see me mortgage free, a healthier pension pot and cash on the hip as derek trotter would say.
Not strange at all. The idea of share trading is to PROFIT, not sit on a 50% plus paer LOSS
Very strange post . I take that you have also posted on many other BB saying when to buy and when to sell and each of them have been successful.?
Anyone who followed my published share tips on this one - buy at 3.5p (July 16 2018, market cap £8.7 million) and sell at 11.3p (July 20 2019) - will have banked a nice profit on this one! The posters here who resort to abusing anyone with alternative views, rather than refuting these points with facts/debate, sound like many of them are sat on sizeable losses...
You need to put down that dictionary and get out a bit more son.