The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
if there is a demand for shares the spread is irrelevant as people will see past that. There is no demand for shares, hence sp drop. People will catch on in there own time but for those already keeping up you could join me in mailing the company to see what solution they have to this ongoing issue. Bear in mind most o&g companies are flying at present and they are debt laden.
This is the fear that many had in that its a great update and bloe should be flying, but it isnt. People dont beleive PH and thats why we are 3% up on a fantastic update. Hopefully thats the signal that senior BOD need to remind themselves of the albatross we have in PH. Sad but true.
Remember oil and has prices have no affect on bloe sp so irrelevant. In fact oil and gas prices going up usually means bloe sp goes down, as we have seen yesterday. Lets keep watching but at some point as shareholders we have to address the elephant in the room that is PH who is keeping us where we are now instead of heading towards 5 pence and beyond. I have been emailing the company and hope others do as otherwise we will just get more of the same. Perhaphs when the next drill arrives and all is looking fantastic but the sp drops again others may join me. New broom required at the top i am afraid.
sp had already tanked long before russian / ukranian war started so sorry but that doesnt add up. It hasnt helped but it had already crashed out before putin put a boot on the ground. SP needs some assistance that will arrive if oil increases / prices go up and ph leaves us. Until then, expect the same.
when the oil price was half what it is now our sp was double what it is now and we still have the same amount of oil and gas as we had before. Price has no influence on the sp. Fact. It may catch up at some point, but not now. Oil could be 200 dollars a barrel and our sp would be dropping. Needs a shot of adrenalin.
in fact thinking about it if you calculate how much money he has wasted here over the years of investors money he couldnt have shovelled that many pound coins down the drain if he had big shovel and worked 24 hours a day shovelling it into a tip, totally amazes me how people didnt see this years ago. He will soon waltz off into the sunset with years of salary in his satchel and nothing to show for it. Total joke.