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If the directors are happy to take shares in lieu of salary then maybe they know something we don't. I might buy a few more Friday. GLA
The annual report confirmed shares in lieu of salaries would continue until we are financially on a stronger footing. So we are set for the scheme to continue for a good number of months yet. Perhaps earliest we can expect a winding down is when we sell oil from sidetrack. End of year? 2023 promises to be big. I’m anticipating oil prices staying strong for a couple of years yet, even a 50% reduction would see us selling at a healthy profit anyhow. We just need to get the damn stuff out of the ground!
Blimey, Seems we're even starting to attract the hard core loonie fringe - still, fairly safe to say you have to have at least one screw loose to be invested here (and I include myself in that - regrettably).
Still bottom fishing (phnarr, phnarr) my cheesy chum..you've been quiet on the CEG/BPC/CERP/CERL board (BTW what are they called today?) I only check them out cos we, (PRD) have hit them with the mother of all lawsuits and khopefully they will soon be put out if their misery.
Now I'm here because I wanted a spot of beer money BLOE money a few weeks back when it looked like you were about to break the 2p glass ceiling. Alas not to be...
I was in BLOE last time for near 2 years and lost £30k... I recognise the names Astec, TonyF (a Yorkshireman if I recall) even Scamp the Dogger..come join the good ship PRD my erstwhile comrades, she sets sails shortly - destination - maybe the moon, maybe a further galaxy but hop onto our Interplanetary Spaceliner (I nicked the name of a song by a mate of mine, used to be in Spacemen3) appropriate for the journey on which I'm about to embark..
Nicodemus - I come in darkness
That was me
Now they decide to update.
500k shares just bought (not me) but still not showing up on LSE . I wonder why.... I'm still thinking RNS Q2 update on Thursday morning! Come on Bloe!
Scoobyrex, if it’s in Lieu of Salary that saves cash so yes there is a small dilution but it’s reflected in the balance sheet. If it were share options in lieu of a bonus that’s a different story but that’s not the case. I
As long as it's OK for him then that's OK - I mean who cares about the shareholders getting diluted eh? (certainly not King Snout).
At the end of the day it is the same to him as if he took 40% of his salary that was paid in cash and bought shares he is still paying tax. The impact to us is dilution, for him it is largely the same.
I agree there would be RNS if it was to stop - which is why I'm sceptical. However, PH's nose is now so deep in the trough over such an extended period I'm not sure he will be able to extract it - it's likely his default position!!
I am expecting another share in lieu of salary RNS. It is possible this program ends and it would be included in the next update if so. It would be announced not just casually stopped in my opinion
The only reason we invest in shares is OPTIMISM.... no one buys a share hoping they are going to loose money ...even the shorters .. what ever system they use its all about making a buck...
Your right there Rxdav, when you’ve got what I’ve got you have to be optimistic about everything , it’s the only way to be, I’ll tell my Bank Manager what you said it’ll make him laugh . We’ll get you to 4p very soon :-)
Tony, If unbounded optimism was currency - you'd be a very wealthy man. As ever, I hope you're correct for all our sakes - but let's keep our feet on the ground. GL
I am still expecting a positive upbeat Quarterly Update, possibly as soon as Thursday this week. Followed by increased news flow, yes I am the eternal optimist but I truly believe we have turned the corner. GLA
Well if we don't get one at 12 then maybe PH has done something positive for a change...
That would be a big positive and decent boost to confidence if true Astec! Fingers crossed we haven't spoken too soon!
No Snouts in Trough rns....Maybe its finally finished now we are in profit..umm
*fink holders..........
Read pre post Chesh........!
I don't holders here a worried now.......!
Revenue generating, incoming spud sidetracks, Quarter results on ave $100 ........!
All the best (leading on to Proj1 this year x5 drills, of x3 Proj's........! :()
wiv handshakes..........!
What one seller...
Let’s hope the sellers don’t know something we don’t, right before all this share price changing news!
I agree with both of the previous comments and yes it has been excruciatingly frustrating, lack of meaningful news and explanation as to continuing delays has held back the SP, investors have been annoyingly left in the dark. However I feel this is about to change and a positive news flow is about to happen, the Lord knows how patient us LTH’s have been and I feel the wait will soon be over . GLA
Only credible, official, positive news delivered by BLOE will move this (and god only knows when that will happen), not hopes, wishes and ramps. If the quarterly update isn’t positive, PH has to go imo. Under his watch, we continue to drift.