Member Info for barnetpeter

Don’t think going bust but do think current shareholders will get wiped. Refinancing later this year under different management.

Just 6.8p now

About to break down to the 6p levels. Either the sellers have got this very wrong or they have a lot more information about what is really going on. How much is the flow or has it been closed down ....again...and the mkt not told? Is the company really just a cash shell worth about 2p with worthless assets? No idea ...but I have been rightly bearish on this for some time and those like Malcy who usually have a handle are clearly unimpressed at the moment.

He would not give the current production..funny that. If it was much higher than previously indicated I doubt he would be so reticent. Or maybe the truth is it’s zero because the well has been shut down again. Bloe did not inform the mkt last time of this....maybe there are ongoing major problems that the company is not prepared to admit to. They know if they did what the result would be and are trying to sort it. Speculation.....but people in the know always know and that’s why all these thumping sales going through. What amazes me....despite all the evidence...is the amount of trust there is still. People who would question everything can be like lemmings in trusting rampers who are invisible with their own agenda. PI’s are pouring fortunes into this stock and someone is very happy to sell that stock to them in shed loads.

Still made a few quid on this ...,but the reality is that there is nothing much of value here to justify a 5 million mkt cap let alone 10 million plus it hit. A few investments in unquoted hope stocks that might one pay off back a bit .... maybe....but there are lots of better investments companies than this priced at 1 million with just as much possibilities

Me too. Added at 0.17 a couple of days ago and my average is now 0.26. I don’t understand why folk would sell..if the company confirms this is a big find then this will soar. Little downside here and a lot of upside

They do have a great product in a very competitive market. But will they make a profit to cover these costs? The mkt is very unsure

Every chance based on the previous rns. A few barrels come out on a limited study but the suggested 1000 plus on a standard basis is a long way away. Buy these if you want at this “cheap price” but I am very suspicious at the price Activity and a few on Twitter are saying they think this is being ramped just to let some get out at a smaller loss on volume. Going to take some real heavy oil flows to justify this mkt cap with a 6 million per year cost. It’s a dawg that is costing PI’s. Don’t fall for the ramp and the hype.....the reality is that the current position is that this is not commercial. The rest is just hope and opinion.

Looking very weak and these big risers often fall back to previous levels. Still holding at nil cost having sold enough to get my cash back...in hindsight these spikes look like what they are. Just a spike on the chart and nothing more. Of course it is August as well but it might be that the insiders are selling too. There are dozens of these small cap flyers around that end up exactly back where they were a couple of months later

City lost confidence in Metro and that’s not good. I have a business bank account with them but I keep cash at low levels in case there is some nasty that some know about and we don’t. Not tempted to buy the shares again...I made a profit before on a bounce but would be way down now. 200p maybe? The shorts have it by the throat

Flying today

Going down it seems. It is August and the small caps are taking a hit anyway. Lows of 12 possible here I reckon. Hope the co has enough cash

Good buying over the last few days and 30 now paid. Been in the shadows for a while and just the type that could do 50 to 100 per cent

Selling some of the assets to reduce debt and the price soars.150 plus 18months ago. Never see that again but 12p and above is a fair target

Takes time. This is a small micro company with lots of stakes. HH looks worth the current mkt cap alone

They have over 11 per cent so 7000 barrels. Only a tiny mkt cap here so ok

I think the results are not bad at all. The brand is worth a lot of cash and there has been a hit as the bad decisions of the past are paid for. Of course those who paid 50 or 100 plus won’t be impressed but this is 5p. A fair punt on a better 2nd half. Punting money stock as it has been for a while

Oh and you can always block me if you just want to read “going up” and rampy everything is wonderful posts whilst you do your dosh

There are plenty on social media who are saying this was a complete fraud in changing the bpd ....I think that is far too strong myself and will give the company the time to explain....I am only interested in the price as I was with stuff like angs. The situation here has changed and for the worse by far....yet the same old ramps continue. This is a dawg and it’s going down.

The only thing that really matters is the price. That is just about to break the 8p barrier. If the company was producing 1000 plus bpd as flagged then 33 million mkt cap would be fine. But the actual results were terrible and won’t even cover costs. The new drilling and losses and other costs will make a big dent in the money raised and I bet those who bought in the placing are not impressed. Unless the company has more to offer than this latest disaster then the facts known do not suggest a higher price. Maybe they do but at the moment it’s all desperate stuff and there are plenty of producers at a much cheaper price than bloe. No wonder the shorts are all over this with 40 and 50 grand sales