Member Info for Blubay

Account suspended or deleted, or just a glitch? Have shorts turned long?

I'm only going off the approximate turnaround times advertised on websites of leading noble labs for commercial sample analysis

I think the average backlog for leading Noble gas labs to turn around sample analysis is about 2-6 months. If it's Oxford it's possible then maybe they might be persuaded to prioritise, as it was their research that established the prospect before exploration and they might have a vested interest in evidencing their own research impact. Either way it would be either weeks or months.

"Market wants to take this up, but some one keeps selling "

That would be literally the definition of the market does not want to take this up

Anyone who relies on LSE for market news should not risk investing

You are the noise Basil

What's your source for this inside information?

It’s good that they updated the market, as they said they would. That maintains confidence that they will continue to update at each stage. We wait for the next update, which shouldn’t be too long.

I’m not sure you understand how AIM placements work in practice. The ‘investment’ from a long term ‘supportive’ actor will be just a profitable share flip on favourable terms. The shares will be sold for more than they cost, in all likelihood that has already happened

I completely understand there may be future raise for new ventures. I just hope they can put the company on a sound footing with this one. The first is always the hardest. Once they have cash flow asset it becomes much easier to leverage new venture finance when needed.

I don’t think that article is reliable in any respect, half of it is garbled and that paragraph is barely legible

That note is way out of date, and also from Liberum who gave a vested interest. Important to be very bullish about the price target but needs to be based on accurate and impartial information.

What is your reference to another drill Pete?

It isn’t NT and never has been.

If you think it’s going to 2p why did you buy at 2.11p? You wouldn’t know what level 2 was if it hit you in the face.

Were you seeing a 20p target?

My concern was that in the previous RNS they made a point of saying they were funded for the ‘sand jetting’ operation (now complete) but stopped short of clarifying whether that extended to completion of the rest of the work. I imagine it depends on the flow rate they can get now. I may be reading too much into it.

The sentence I was hoping for was ‘…and we remain fully funded for this stage of the clean up operation’.

Bought a few more anyway 🤞

The information I would find most useful is to know how many barrels a day would allow the company as a whole to break even financially in terms of opex. I’m still worried about the impact of delays on the cash runway as 40 a day wasn’t covering it and they’ve had less if any during the clean up operation. We know they’re funded for the sand jetting, which is great. I’m unclear what funding remains for the ESP installation