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Hustler12 seen the post
Yep AJ very passionate regarding Block energy but at some point you need to assess the situation and get short term results i.e connecting the gas.
This would send the share price higher and would give a share price of around 7p
Farm in for the other wells for oil - better to have something then pay to carry out yourself
Block concentrates on drilling the gas where it has a priced price
Nige, had my say earlier today and thought I would leave it there but "PH is very astute at running a Company" .
Really?
Think what we really need to know is when the gas be connected , and the volume of gas supplied and conversion in cash per month.
Detail report on timescales and break even point for company's cash flow.
There also needs to be one direction from Block only spend money where cash can generate now , forget the drilling or drill to improve the gas flow
Been watching on all day here and refrained from posting until now. First invested November 2018 at 2.8p
I have to agree with a lot of what as been raised here today. But there are a lot of big players on BLOEs books. Solo director "Alastair Ferguson" etc. They know more than us, so keep the faith for now. The major hurdle here is, "Where does the next tranche of cash come from"?
An open offer to existing shareholders should maybe considered as raising through the city at 1p is a complete NO NO. Farm in may be an option explored. It appears to me PH is very astute at running a company but his PR is not the best. The cash position doesn't sit well with me as I thought like AJW that we should have $8m plus CAB, but in reality we don't.
We don't have a lot of oil in the tank either which is another concern as the RNS stated the amount was at a much higher price than current brent.
I am genuinely sorry for those of you that are heavily down on your investments but my average is only 2.67p so I will hold patiently for now, maybe topping up on any drops over the next weeks ahead.
re..Hustler12
RE: Good PostsToday 18:13
By all means Bladey carry on listening to AJW he knows it all. According to him 51 was in testing even until 08:27 this morning, and still had $8-9m in the bank, so he obviously knows more than tha most. Keep listenting to him and maybe with his knowledge BLOE will be able to drill a successful for once.
With regards to SEA7 atleast he has acknowledge waht will happen this morning have you missed his post? He knows it's either a highly dilutive placing or debt financing, and went as far as to say if it was certain lenders involved he would be bailing at a loss. Not sure why you are having a go it's not me and Cautious that has failed shareholders it's the BOD.
....with regard to this post and many others from today....as a long term holder here....these seem to be perfectly reasonable questions. which it is only reasonable to ask of the BOD....and questions which should be answered.
In spite of the perfect storm of Covid and the Saudi/Russia/Opec price spat.....which has certainly not helped...this in itself does not explain why we are where we today.
where has the money gone?...are we really expected to believe that there will not be a significant rights issue and massive dilution.....after all....as Liam Byrne wrote in that infamous note left in the Treasury for his successor....'Sorry...there is no money left'
Mr Dimmock and associates need to attempt to restore at least some personal integrity......failure to do so will speak volumes.
Hustler,
Thank you for responding.
I think perhaps you were asking if I am some sort of LSE police?
No, not at all. Please forgive me if that's how I came across. I am simply someone who invested in BLOE of my own volition without influence of other posters her who were excited about their prospects.
You (and your not the only one) have filled the board with "I told you so" and "PH is the antichrist" all day. It reminds me very much of Mike13 or something similar who was an arrogant twonk desperate to tell everyone how clever he was.
BLOE are going to have to regroup and to some extent ride their luck until the monetisation of the gas and as i am currently 50% down on my investment it will be an uncomfortable ride until we get there.
Anyways, and I genuinely mean this, I hope you and yours stay well and comfortable in these troubling times.
GLAH and ExH.
Torham I would like to know also but in the scheme of things does it really matter.
Everything he has said upto now seems pretty legitimate. Not like Ajw or Bigboffer pie in the sky buddies
Hustler,
My earlier posts have been recommended which I take to mean they are visible. For some reason it appears you are avoiding answering my question, would you prefer if I called you Mike?
Hustler.. Well in that case, i'm honestly glad you lost all your cash along with that knob sucking partner of yours Cautious, I hope it ends your days on AIM and any other markets! lol
Good riddance to tosh like you with your under 20 posts.. all of nothing useful and scaremongering investors who are already having to face issues of losses.. You outright ******!
To the rest, sorry for the losses that may have incurred with BLOE... but it is what it is, now you need to figure out what to do, for me it's a small loss and i'll be back in the black around 4p.. also traded the stock from 1.75p couple of weeks ago.. was a no brainer so i recovered most losses. Where and how bloe will recover from this yet to be seen, but I'd listen to AJW or SEA7 more than these other moaning biatches who've been moaning and scaremongering from their keyboards.
Yes it's been stated funds will be low, but they've taken steps to underpin anymore losses by tightening their belts and let's hope they get the gas link sorted and monetise that before eloping on other projects for drilling! It's a wait and see for me nowt much else you can do, but listening to idiots like low posting Hustler and "Sh*tting" himself Cautious, will be of no benefit.. DYOR and weigh it up!
What’s up bladey are you bottom feeding. I noticed you wasn’t on here for the last few months trying to cut out all the rubbish that had been spouted, Keep on parasiting
Hustler,
Forgive me I may have missed your response to the question I asked earlier, (the server at LSE is straining apparently due to the enormous weight of negativity some posters are throwing out).
I'll ask again just for clarity...what was the name you were using before Hustler?
Many Thanks
Stay Well etc
Who needs chocolate caramel when Bladeys posting brilliant posts like that one.
Made me laugh out loud and smile.
Has anyone noticed the ASK and the BID prices!
Ffs Hustler and Cautious... U pair of whiny ..moaney barstewards, Stop talking ****e...Especially Cautious... been moaning for months, yet despite all his crystal ball downfalls, couldn't/wouldn't sell.. what's the point?? ffs grow a pair and stomach it and shut-up and sell up. Most everyone here has lost today and yet it's you two whingers bagging your mouths over n over again!
At least Terrier sold up... did the right thing and prob at a loss.. he obviously has bigger cahoonas than u whiney housewives...ffs
Hustler,
What was your name before you chose this one?
Ive written long email to Dimmock outlining anger on here, even copied url link and for him to show the cut of his suit and remove PH.
Made clear Private Investors here are genuinely trying to better their lives, PH position is wholly untenable now and they can never say his statement last week of Transformational news could ever be taken as a negative, more so in the context it was written.
Asked him to think of what ordinary people are going through, more so during covid and if he really thinks its acceptable to allow PH make such misleading statements, bringing in new investors or those increasing their position.
Finally asked him to respond to PIs anger and prove that BLOCK is not a Shark swimming around on AIM.
No engagement with me directly or response to PIs will show their position.
I remain committed to this one not withstanding having a go at them today. Feel bloe will come good but PH MUST GO
I took the hit this am and am out.
Only worth buying in after the next fund raise and better production.
GLE
That would be a positive if PH left or was removed.
I still feel that all the focus on gas will stop the business getting side tracked. Gas was always the goal and oil was a side revenue.
Let's see what June brings. Its only 2 months away!
Good posts by Sea7 and Alexa.
I'm holding because I feel rash decisions made when looking at paper losses only leads to physical losses in your bank account. Feel June worth waiting for and this could lift Thursday off the back of OPEC, Gawd knows but PH has to go and I for one have emailed company already. Mans position is untenable