Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nicode- haha all this pumping you’ve done and positivity you’ve shown for BLOE, yet you haven’t a clue of the mechanics or how the pricing works. Do some research??
I thought you were.
How was I bashing Franco?
With the banks selling out, it does not bode well for shareholders. I would sell any shares accordingly. I have lost out with both Carllion and Interserve and can see the same happening here. Wherever a hedge gun holds debt, always ends in debt for equity.
That’s s big sell Sea7, interstibg times indeed.
Cautious -I couldn’t with you more mate. A lot of what is said on this board is all based on hope and fiction, and seems no one is serious or realistic with their views. The names you mentioned are just a few of the culprits.
Challenge them or just make a factual and realistic statement, you’re straight away classed as a deramper. Would you believe some are still referring to 16az still being in “clean up” mode, despite the operations update making it clear it needs to remidistion work at an additional cost?
Anyone know why it’s on a steady downward spiral? Has there been a leak around 38z or 16az I wonder.
Nicode- I think you’re the one that’s high on crack with your made up facts and figures. That’s called gambling and not investing. Just because I’ve done my research over the last few months and therefor hold a balanced view, does not make me sad.
In fact since you are 100% confident this will hit it big, why not remortgage the house and stick it in here?
Bigboffer- I don’t think your statement “well 16 is still cleaning up” is correct to investor. We all now this needs revisiting and more money thrown at it to resolve the water ingress problem. Block even said that in their operations update on the 25th so why can’t you speak the truth? It’s beyond it’s “cleanup time” and it’s become perfectly clear that was just an excuse to buy the BOD time. If you look back I did say this at the time.
A new investor asked a perfectly plausible question, the least you can do is answe it with honesty and integrity. Now I see why you don’t see an issue with the BODs statements to date, as you’re just as bad yourself.
Djm1- in one of the proactive interviews PH did say they hold 4% of the share capital. This might be taking into acccpunt any shares they hold in the treasury for management incentives, so you already have 13% there. I don’t see a bid of 40-50p to be honest, not yet anyway as that would need Fitzpatrick and co to stump up £160-200m. They’re most recent acquired asset was for 30 million euros which is currently producing around 2000 bopd. Dyor
Bill- not sure if you’re comment was a sarcastic remark, but yes I agree insider knowledge is immoral and always at the expense of shareholders.
There is nothing holding them back making a bid before any results are formally announced, therefore keeping the price to a level that suits them to be frank.
Djm1- they certainly can Initiate a take over and then get the directors to buy into it which roughly another 4% I believe. I then suppose anyone that bought it in the lows will be supportive of any bid as it’ll be a multibagger so they may just get the majority bid. My main concern if there is a bid is at what price will it be? It’s easy to take the company on the cheap on the back of no revenues, and I’m sure these guys will be in the know about how things are going on site.
Bigbench- stop ramping will ya? As this is still high risk yet since they have not proven their concept yet. Yes the risks will significantly be reduced after the result of 38 and 30, but it still isn’t a given that this well will flow.
If you look at the latest RNS some of the wording was very cautionary in nature if you ready between the lines.
Dyor and GL all
Xyzzy- I think that ship has sailed for BLOE as they played that card too early. As you say UKOG went to 300m on hype and also look at sound energy, but the BLOE haves already used the “spike on hype” opportunity back in April when the shares shot to 17p. This is far too premature for a company that had been listed on aim for under a year. Now investors and the market will be more wary to this share as they won’t wsnt to get bitten twice. I honestly believe if they had kept their mouths shut this would have easily been sitting in the 20-25p mark right now with all the anticipated news.
Just watched this on proactive investors. Interesting for the CEO they have some potential takeover targets in the “broader European market”
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/904455
Bobbyrash no way this can get upto 50p by Christmas and probably not even after all the drills are complete unless they have exceptional flow rates.
Reason for this is there are a lot of shares in issue so 50p would give a mktcap of £200m
Ok what’s people’s views on any potential buyout, and what sort of price would you take?
Obviously it’s hard to say without knowing the full flow rates and how well the gas flows.
Mike- give it a rest will you as you’ve gone from m someone who was a very valued and balanced contributor on this board, to a childish but case with all your other user ids, and some of the comments you’ve been making lately. I wouldn’t waste time on a board where I have no vested interest.
Shutts he told me the same the deluded clown and is now no where to be seen. I bet he did t e en have a position here the a**hole.
Sadly I have lose 5k on this dog
James looks like my post was clear. I know the profit will be shared 60/40 however if you look in the PSA during the cost recovery phase after taking everything into account Block will end up with around 75% of the gross revenue. Once the costs have been recovered we then get the 60/40 split