Member Info for baserite

As I alluded to in my previous post Russell it’s a case of once bitten twice shy for some-at least for a while imo.

Small Oilers not in vogue across the market in general this morning one would fairly assume and many peeps ‘burnt’ will now be risk averse for some time.Up to Copl to continue deliver on news in good order and time to de-risk the the investment case here which to be fair the last few rns’s have done substantially.Are peeps prepared to ‘gamble’ on the next positive company transformational batch of news arriving soon and without a major glitch propelling us to drill in the near term or will they stand back and wait for this to drop before committing funds based on disappointments and the feeling of being misled elsewhere.Volume today would suggest that many are undecided-but with not long to wait here many may well try and re-coup losses with a stake here in the upcoming days of trading after a little reflection.

Don’t you just love these pseudo CEO’s peeps who probably couldn’t run a corner sweet shop but dismiss the myriad of real problems faced by junior miners re.liscences/ funding etc etc which fall outside of the extremely difficult and involved technicals and appraisals of finding oil and extracting it as if it were a piece of p——ss .We have a proven oilman at the helm and the securing of funds with minimal dilution at 0.30 with a private investor was very good business and only achievable after Essar dispute no longer in play.V good management now in play I’d say now that shackle has been removed as we progress swiftly to first oil on a free carry.

So please inform us how the company could have had any prospects of proceeding to project development and hopefully proposed short to near term drill timescale whilst essentially close to insolvent and no forward looking funding in place?

Or an inexplicable influx of lemmings and Donald Dumps for the last forty minutes..Beyond me why anyone would sell at this juncture especially after the earlier recovery but there are some challenged folk about!!

I’m sure the need for general working capital could easily encompass this Noeasy.Our ceo has to be careful about what is divulged in the public domain at this stage before official confirmations .Anyways as you say de-risking continues.

A well thought out post Jiving and hopefully and logically the correct scenario for this private fund raise.As you say will be interesting to see who this is.

Mildly disappointed by this mornings news.A pre news sweetener to someone close to the company no doubt -perhaps someone who has partaken substantially in previous placings at a loss whose now being rewarded. Never a level playing field for peeps in this game but hopefully Millholland will let the near term news do the talking and push this forward over the next few months now.

No agenda there Donald lol.You may be right but no big drop from here imo

The “ B Thing” be posting under the header of Perry Mason next lol .Sad Sad Cafe!!Hope it’s getting around ok in that old wheel chair ‘ Ironside’ used to use.0bviously banned from posting as the “ B Thing” bless.

With all due respects think some are overthinking this at present.Lets get the necessary requirements in place for drill to commence and then a near term drill date before over analysing technicals and sweet spots etc which I am sure will be further provided by the company when we are in that position.Gla

0.42 mid now.

Only just seen your post Sam.It was fab thanks mate-very warm but with a nice breeze and the sea was refreshing whilst warming up nicely.Repeat tomorrow.Think this will start to move north again over the next few days with or without news.Good luck with your other positions -I see that Ukog finished strongly.

Come back from a hard day at the beach to find us even .What you been doing all day ffs you lazy so and so’s -was expecting some Blue..!! In all seriousness looks like a great day of consolidation ready for the next upward movement in the very near future. Have a good evening all holders.

Anyways have a lovely day all as I’m out for the rest of it sunbathing and swimming in the sea at Langland Bay-the start of the beautiful Gower peninsula.No signal so peace and relaxation.Leave this in your capable hands and when I return just before 4.30 I Expect to see you’ve done your bit and we are nicely Blue!! lol

Huge fluctuations and volatility on some other junior Oiler going on at present -Ukog and Baron oil being prime examples of this.I’m pleased for any peeps involved in these,particularly those who have held over a long period of time and averaged down who have profited over the past few days and wish them well but with a valuation of nearly four times Copl at present I know where I’d prefer to be invested.Ukog was a great punt at 0.20 and I would have jumped in without hesitation if funds had arrived into my account in time on Monday ( que Serra) but the fundamentals and investment case as outlined by Noeasy for example this morning on this bb are far far stronger in the near to medium term imo with such a minuscule mcap

Anyway let’s change the header -I’m starting to feel nauseous already lol.

What are you talking about you total depressing f—ckw—-t .He was calling a placing at 0.007 .Are you related by any chance?

Must be good news incoming as even that mega troll on advn-‘I am great’ has changed his stance to long on this one ffs.First time I’ve ever seen that on any share l!!

Some will give their shares away to the market today as the word placing creates an automatic knee jerk reaction .Silly imo as this now underpins the company for the further forward looking tranche of good news announcements in the near term so it’s a screaming hold for me.