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I hope it is worth it JF :)
That just makes me really depressed JF lol
I invested 82k and hold 9 million shares lol
I must be old as needed to use a search engine to find out what BWTFDIK meant....
I'm not sure also about the APP/TV etc etc, which has been mentioned.
However if they now have £4m to use, this will make the pilot more likely to work.
Also the backing of several Snr political contacts.
I'm focusing on PREM and PCGE now as need them to do something....otherwise just swapping a profit for a loss :(
I'm always honest on my posts so don't mind declaring my holding.
48m shares £25k invested .
So assuming excel is right as my calculator won't do that many decimal places....average is very low.
Approx 0.052
30m shares are ISA'd 18m shares aren't.
Over £20k invested in the last 6 months when I heard promising news.
Tell will tell if my risk was worth it.....
I think the success of the acquisition is dependent on the success of the pilot?
How did you get to an average of 0.05? you must have thrown a lot of money at it if I had invested another 3-4k I could of averaged to 0.4? But sadly I had no cash.
You may break even then it seems, I doubt I will will at 0.8p holding just over 9 million shares
I guess around 12 weeks to wait this one out before we get an indication of the new companies market cap.. I reckon around 40mil Canadian dollars :)
BWTFDIK
Anyway this is now a lot healthier than before and has the potential to be one hell of a share... But only potential and this 1000 farmers chosen for the pilot scheme will be crucial pivotal point if a profit can be achieved :)
GLA see you all at Xmas
As I've said on both LSE and Twitter I've been investing in AFPO since Oct 17 and then BLCC since then.
Averaged down as I became more confident in the proposition and partners BLCC has.
The final investment was based on the pilot launch and meetings CC had with Snr figures in the African continent.
Breakeven price on this is 0.05, so hoping for a decent return.
Before I get too many comments.....
I'm also invested in PCGE and PREM.....so need to recoup some of the heavy loses on these at present.
Tbh its the best its looked since the ATH at 3p
You do...I think it will be a long time before the likes of you and me get into profit on this one.
But you have to say it looks more promising than it has done for months on end.
Surely you need a profit to have to pay capital gains :)
I will still be at a 70% loss on my investment if I sell at x10 gains from the current price.
I am not anticipating any tax on sales from anyone really.
I'm sorry guys, speculation on this stock has always been followed by disappointment. Especially when the speculators do not give credible reasons for their excitement. Keep sober, avoid the hype - allow the truth to rule your hearts or else you may suffer from crushing disappointment from false hopes.
Oh....re *50.
There is a lot of noise around *10 so I'm expecting this...
Market cap to be about £20m UK.
However I've heard it should reach £100m by end H1 as pilot turns to roll out and then across next country/ies.
In other words *50 makes sense.
In case anybody is going to sell at a profit when it relists I've been in touch with HMRC and Stockbrokers today....
What fun.....
Simply- If BLCC relists under TEN and TEN have a CREST (ability to sell and buy online) then your existing stockbroker should be able to trade for you.
Also I've been informed that if it is in an ISA now (suspended) and it relists in Canada and you sell the proceeds would STILL be be free from Capital Gains Tax.
Finally any Capital Gains would be straight away once sold even if you keep the money in a Canadian account.
Please DYOR as always, just what I've been told over the phone
Hope somebody finds this useful.
Please check yourself...I'll be checking AGAIN but risking it.
Twitter crew are saying life changing x50 returns ???
We will seee
You really think x10? If that is the case, definitely sell off haha from me.
Fingers crossed we arent disappointed.
Chesycustard,
Spot on....lots of information on twitter about this and speculation re who is the 21% holder.
Rumour has it will list at 10 times suspension price....
Who knows...
I'm talking to HMRC re any issues about Capital Gains...Foreign interest etc etc
Hi guys, I have found some info on Bloomberg under The Eelleet network corp (TEN).
They have a letter dated the 24th September that states that we BLCC will be paying CAD 100,000 listing fees for the new co to be listed in the Canadian exchange after the RTO.
In the new co
4% of the shs equity will be from TEN
75% of the shs equity will be from BLCC
The remaining 21% will be new issue shares to cover a cash raise including the CAD 100,000 listing costs.
I guess we will get our BLCC chares swapped for new TEN shares listed on he Canadian Exchange then
I'm sure it will, but it would be heavenly to have the opportunity :)
Don't you think it will lead to a mass sell off from anyone trying to release capital after years of that high % loss.
I think my average is about 0.8 at the moment. X30 would break even :)
Everybody has long and deep memories of AFPO. Just look at the historical share price. If you were in before Sept 2017 then losses at present would I imagine be a large %. Based on the 21% to be input approx. £4m by ? I'm very confident of an entry in the Canadian market at multiples of its NEX exit Market Cap of £1.7m.
If you've bought in 2018 or like I have averaged down then there hopefully will be a good % reward coming soon. Although shame the assets lose their ISA/SIPP advantages once it delists and returns overseas.
We can all debate what will the next news be however in reality this potential deal has been discussed for months and costs already incurred so I'd be surprised if it doesn't happen.
or you might get disappointed as has been the norm with this stock :-)
Sit and wait now.... patience will be rewarded #blcc
Block Commodities Ltd (SUSPENDED) - Is this the end? ... how much, if anything will the share holders get :-)
Well, somebody/some company is putting 21% in....
Currently, all I see is dilution.
But it is create to have more liquidity in the shares if people are willing to buy them.