Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hustler did you take the bashers advice and get out as well, or are you still under water here. You sound very angry.
Just make sure you have “her” consent... ??
bashers demand that people check the history as they know they won't
thats another tick in the box as a basher for you hustler - the evidence is really stacking up now.
hustler, you are getting boring now, no one believes you - and most are just laughing at you.
hustler - regurgitating old posts and points is the practice of bashers, as is the significant number of postings on a single board by you - i think you do need to give it a rest - you have just hung around this board, posting negative comments about everything everyone ever says.
You appear to be bashing the stock, for yours or your paymasters own ends, as you are not posting on this board as some sort of guardian angel, warning us of impending doom at this particular company.
Well thank goodness there's a black cloud messiah has returned just to remind us that the end is nigh.
I hope people consider the motive behind people's posting (including mine) and have enough salt for the requisite pinch as the sheer number of posts that some people make are staggering....
Today is all about THE Resurrection. Then we have Mike31, sorry McBigMac who has staged yet another resurrection of his own. You've got to laugh!!!
Matd
I see mike31 is back.Must of lost his shirt on mats..
The elderly yesterday posted to express he dissatisfaction and regret after listening to the rampers. He is down 50K and in serious depression. His entire thread got removed, I have never seen a board this bad.
............
I like the way that posters took this person to be genuine based on nothing more than a bulletin board post and the alleged first one from that poster.
Couldn't possibly have been the same poster, with several aliases, posting this drivel, to make it look like a busy board, full of negativity.
Posters have been quick to dispute and discredit anything positive, yet welcomed this posters word with open arms and unbridled trust - jeez - talk about double standards.
Good morning all and Happy Easter,
Re-entering old wells was always going to be a gamble. I am still hopeful that we can recover from our current position and keep ticking over until the gas is online and we can make something of the Schlumberg deal.
I am not a religious person but it occurs to me that Easter is a story of rebirth, hopefully BLOE will orchestrate a rebirth in West Rustavi.
Have a good day folks, try to stay positive against the tide of negativity (which is incessant from some quarters). Staying positive probably won't impact the share price but it's better for you than constant greetin'.
Stay well
Torham
https://www.guerillainvesting.co.uk/2009/12/15/stock-bashers-3/
Bashers never bash bad stocks. You can watch the board for stocks with no potential. You’ll see pretty quickly that those stocks don’t have bashers. Bashers only go after stocks that are going upwards or have excellent potential to go up. Bashers get left behind, so they want to bring the price down.
Bashers bring up old news that you have heard many times. All companies always have a few bits of bad news. The basher will post these bits over and over again. The stupid basher will try to make the old news a bit fresher to try to fool you. Don’t be fooled!
Bashers post many times a day. They try to wear you out. They comment on everything, every other post, and can answer every question. To hear them say it, they know it all.
There is no positive comment they won’t bash. They try to control the board with their negativity. If they seem to be working on this one stock full time, that’s because they are! Even more than full-time.
The basher is all about bringing the price down. That is the nature of a basher. The truth is not important; lies are the norm. They are trying to hit the newbies visiting the board for the first time, so they post continuously throughout the day. They are trying to wear out the longs on the board and they will do whatever it takes to do so.
Always report the basher to the board or forum eventually they will have to take action. Collective reporting on a daily basis will ensure the bashers’ demise.
Thank God.... someone else can see the truth to.
Cheers staypositive for your post. Short and straight to the heart of the matter. Multiple accounts held by one person. Makes sense now
Hustler
I quote facts , Gross not net profits as we have not seen the end of year accounts.
Future gross profits
You are hell bent on turning this company to its lowest point without facts.
You posted 116 post in 4 days , looks like your a paid worker to dismiss the share price and to the point you have done so very well.
last post was one in December humbug
any positive you jump on as being against you , any person that has slight negative thoughts you massage.
In fact we may just call you the Joker , who tricks us all
Your a not a very compassionate person or helpful in trying to see light in Investor.
Im very near going to report you as this being a very positive case of trying to collapse a company.
Its not only yourself , theirs others as well that come as members , the 70 year old who invested 25K at 17p and now all logs removed except in your reply's as that hard to do.
Theres been untold logs just vanished.
Your wrong and should be ashamed at trying to get hard working people to sell less then its worth
Nasty little person
11 years ago hired personal investors into a top 100 company and from that won a case on facts not lies , this sticks what you are trying to achieve
Totally agree, it is amazing how many people don't know the basics of what they have "invested" in!
Sorry, got that wrong, it is 75/25 during payback and 70/30 after. I should have re read it instead of working from memory!
The PSA terms are the first 50% goes to block, then the other 50% is split 60/40 during the cost recover phase so Block get 30% to add to their 50% so the actual split during cost recovery is 80% 20% in Blocks favour. After the costs have been recovered the second half (profit oil) is split 50/50 so the split becomes 75% to block. It is all in the admission document!
Thank heavens for a bit of sanity on this board. We have posters who have never posted before coming on to save us from our investments, we have posters talking to themselves under various false accounts asking themselves questions and answering them and it goes on and on. Have a happy and safe Easter everyone.
Lol Geowiz
Was bored so done some calculation , you may be right but ask the question multiple times what are the positives.
All we got was negative feedback
Thorndon the problem is that 60% goes to the state so after OPEX, water handling and trucking which is likely around $20 / bbl it takes revenue to around $4mm /year from a gross $7mm/year- the government then snaffle 60% of that leaving about $1.5mm net to Block, and this may be optimistic. From this there’s the overhead costs, offices etc and all the Salaries in London leaving .. nothing at all really. The other 2 killer issues are that oil is still a long way from $50 and as is always the case the 400 bopd initial rate will decline if more wellsare not drilled so it’ll be maybe 200 bbls or less in a years time. In short, it don’t work. Not even close. So they need to get the rate up to 1,000 Bopd plus and therefore need a partner for more funding. I’m not saying it’s dead but they do need more capital to get the oil rates up. Forget the gas it’s just too small to be viable.
Done some calculation on facts on Blocks energys future income
Based at $50 oil per barrel
Current oil production
397 Barrels of oil a day = $19,850
Per year gross amount = $7,245,250.00
Gas main $120,000 per month ( Once connected )
Per year gross amount = $1.440,000
Total combined gross turnover = $8,685,250.00
Looks as if there not as bad as what we thought this would be
sieveco
unfortunately that seems to be the ceos job on aim
spin, raise cash on the back of it then hide behind the fact these things can happen when exploring
Thanks Hustler. I got out in early Nov at 6p (50% loss). My rookie mistake was putting far too much cash into one share. I won't make that mistake again. PH said in a video interview with Jeremy Naylor on IG on 12th July 2019 (still available on Youtube) that 16az flowed 800-1000bopd in the smallest choke size. This was several months after the cement failure and two weeks before the infamous 26th July 2019 rns that dropped the 300-,odd boepd bombshell. I would invite anyone to watch the 12th July 2019 video and then attempt any defence whatsoever of this CEO's communications with investors. It is literally saturated with spin and empty promises.
Morning,
Just reading this board, invested here last April fools day!
Managed to get out even after being 120% up.
It's the knowing when to sell that's the hard part to learn...whether you are making profit or taking a loss (which I have done many times).
Don't stick with the share if you see no future.Take what's left and look elsewhere, learn from the experience.
Doesn't matter if you are down...just.look for a share that will perform better than the one you are in.
Plenty out there...if you stick with the same through loyalty or fear of taking a loss, then things will get no better.
Good luck.
I still see value at this level otherwise I wouldn't have bought in yesterday, my choice.
Nicodemus, sorry to hear about how much money you have lost on this. I disagree with what you say about people who have lost money here being so negative. People have put money in here and lost it based on information in RNSs and interviews. I put my cash in here based on a well supposedly producing 800bopd and "institutional investors" putting in £11 million at a price fractionally lower than I did. It turns out that the "best well in Georgia for 50 years" had suffered a cement failure and been shut in before I invested and before the £11million was put in - a fact only revealed to the market about 6 months after the event. When people invest their money in good faith based on half a story dressed up as facts - and subsequently feel they have been blatantly ripped off - it is understandable that they feel a bit negative about the experience.