Member Info for Bluechipz

In my opinion we are still undervalued. What Investor says here is also irrefutably correct in my opinion as well though.

Speaking from my own time as a share holder here since 2019, I have missed out on very decent profit each year by simply not following the trading strategy that Investor mentioned. Every year I held on this share when I could have sold for big profit and then bought back again in at an even lower price at around this time of the year. I wish I had seen and realised this sooner but it's easy to get swept up in FOMO on some random RNS landing etc.

The yearly chart and pattern is what gives me more hope that this SP rise significantly rise over the next few months more than anything now actually. Let's hope it does what it has for every year with the exception of 2020.

GLA

Investor - Amen to that. The AIM is indeed insane and logic goes out the window a lot of the time on here.

Let's hope we get positive news soon without any of MB's famous caveats, and hopefully it's before Xmas.

Once this SP starts motoring going in the other direction, it will hopefully continue to do so for a good weeks as we've seen before over the years. Come on MB, get your finger out!

GLA.

Investor - I read that comment as well somewhere and I have indeed seen it myself over the last 6 years I have been here. FOMO on the big rerates kept me here when I should have banked a lot of profit. I’m open and honest enough to say that.

This is the only share I am invested in on the AIM and it will be the only share I am invested in on the AIM as well.

The vast majority of share holders here are in the red now, so maybe none of us should be here …. ?

Either way, we are in it together. I’m holding out for another rise over the winter in anticipation for the 2025 news flow. Hopefully the aforementioned will happen again over the next few months.

GLA

I'm not a huge fan of MB either, he has done raises as massively reduced value every time this company has had some good news in the past which has taken many including myself from being in decent profit to being in the red again in a very short amount of time. But .... I still don't see why this SP is where it is at the moment.

I think there is someone making sure this SP falls every time there is an RNS and that the SP stays down. Wether it be for a lower future take over price, or just trading.

If we had this news 2 years ago we would have been in double digits then, now we have the lowest SP ever. It doesn't make any sense at all.

MB not mentioning the current SP was a big blow today because it almost looks like he expects it be where it is by not saying anything about it.

Getting rid of MB would accomplish what though? Just more destabilising and someone else coming in who will have to deal with the same MG, PC and the Chinese Government.

All we can do is sit this out now, get through winter and hope that the sales agreement come sooner rather than later.

That agreement is the only thing that can make this SP go north and rerate again now.

There will very likely only be a rerate when the RNS relating to the sales deal is signed and thus we are finally making income.

We have had Winter shutdowns every single year and without any certainty at all about us pumping Oil the following year.

We are now pumping Oil, storing it, and we will soon also HOPEFULLY have a deal signed to sell it in 2025. Nothing guaranteed there of course, but despite the awful SP, we are in the best position we have ever been in.

In many of the previous winter shutdowns the price has dropped a lot, only to then dramatically rise in anticipation of the chance that the next year will finally be the year of production. We are now finally actually producing.

Who knows why the SP doesn't reflect that, but we SHOULD be generating income very soon.

I mentioned in a previous post that in 2022, the SP went from 1.6p in November, to then rise to 4.65p in December just 1 month later and based on no news at all.

We can only hope that similar happens again here soon and not even more SP deterioration.

I'm neither ramping nor negging here, I'm just saying it as I see it and the way I think and truly hope that it will go.

I think if everyone was honest they would admit that non of us would have seen the SP being this awful given the news that we have had. It does feel like it is purposely being suppressed or pushed down because nobody can explain it.

I've racked my brains trying to figure it out and do so every day. Hence me being here when I said enjoy the weekend yesterday! I am going to try and do so now though :)

Try and stay positive is all I can say. I have been as heavily under water as I am now a few times here before, only to then been in very decent profit months later. Wish I'd have taken that profit then but no point dwelling on that.

One decent RNS or even a decent interview from MB if he comes out of his cave can change a lot here.

All the best to everyone else on this rollercoaster.

Can't imagine there is anyone still in profit now with the exception of someone who hasn't been holding and bought in for the first time at the very bottom today.

Buck won't resign earning the money that he does whilst also being based abroad and not having to deal with shareholders face to face. It's an easy crust for him in that sense. To be honest, I'm not even sure the blame firmly lands with him anyway.

Nobody can give an irrefutable reason as to why the SP is where it is at the moment compared to the past SP.

I have no doubt that Buck has been economical with the truth a few times saying a raise isn't necessary only to then do one a few months later. I thought that the last raise was too low. There was no need to do it so low. That destroyed a lot of trust and confidence in the company, especially for the LTH holders who suffered yet again. It has all had a negative feel to it since that despite getting good news just before he did it as always ,and the what seemed to be good news time and time again in the RNSs since.

It's obviously crunch time for Buck and Matad now. If he finally gets this sales deal signed and income finally coming into the company then there's no more fear about future raises and share dilution. The SP must then surely finally go up on that RNS if / when it lands.

At the end of the day, what bullsh*t excuse could they possible give for not signing this deal which would make everyone a lot of money? MB should come out and give an interview to steady this ship now though. It's ridiculous that we are where we are now and him not saying anything about it makes it look as though he expects the SP to be here.

Seen as though we have silence still from Mike Buck, I'll off a few words of hope -

In the November of 2022 the SP dropped as low as it is now (1.6p) only to then be back up to 4.65p in December a few weeks later. Yes there has been dilution since, but thats a rapid and sizeable climb and the same can happen again with just 1 decent RNS. Things change very fast here.

There should be more news to come before Xmas. Hopefully it'll be good to boost the usual climb that we get at this time of year in anticipation for the next year. "Hopefully" being the key word as always.

This week is gone now, try and have a good weekend now and forget about it all for 2 days.

That's what I'll be trying to do.

GLA

Been here since 2019 Dazzer and feel your pain.

First it was the EP and when that was finally sorted the SP went up to 9p.

Then it was the LP and when that was finally sorted the SP went up to 7p.

Then it was MG approval and permission to pump and when that was finally sorted the SP went to just above 5p.

Now we are pumping oil it's just a sales agreement that needs signing and the SP is the lowest it has ever been.

The better the news and the closer we have gotten to producing an income the worse the SP has become.

Make it make sense ... ?!

Wether it be bad management by MB, SP manipulation or just the AIM being like the "Wild West" .. nobody really knows.

We can only hope that this sales agreement is signed ASAP and that there isn't some last bullsh*t reason why the SP can't rise and act like a normal SP does. It's all in the hands of MB now. He'll be very rich man if this company finally starts making a profit without any need for further raises though, so I'm sure / I hope that he is desperate to make it happen for that reason alone. It's been non stop pain with the exception of the odd week here and there for years now.

LTH have kept this company alive.

I think the main concern that possible new investors will have is that with no agreed deal / income guaranteed, then will another raise be needed next year.

I don't think it will given the amount money left over from the last raise.

MB needs to come out and address this and put the market straight. If he just clocks off winter now the SP will be at the mercy of that market, fear and speculation which is what we have seen over the last few months.

Even if he doesn't know when the deal is likely to be signed, he can reassure us that there is still plenty in the bank to keep the lights on, which there surely must be given how recent the last raise was ....

It is indeed outrageous when you put it like that xciteless. Can't say that I disagree either unfortunatley.

With all the delays that we have had over the years and consequently time to kill, you would thought that MB and Co would have had everything ready to go or even as good as agreed upon contract wise.

As for the woeful SP ... We were indeed better off as an oil exploration company than now being an actual oil producrer which is beyond ridiculous.

I'm totally lost as to why and how the SP has sunk to this abysmal level. MB needs to pull his finger out and give a decent interview to steady the ship and assure the market now. Otherwise it looks like he's somewhat expected this to be the SP himself which just pumps more doubt out there. Nobody knowing or being able to explain this SP just spreads fear and negative speculation. Either way, it's just even more suffering for the LTH.

Hopefully we will have a decent bounce and big blue day tomorrow.

GLA

Nice change to see us finish a few % up today and with some nice chunky buys in there.

Hopefully the 500'000 seller is done and the upwards trend continues this week.

RNS due any day now.

GLA

Boris, like many LTH I also feel your pain. I've been here since 2019 and have a substantial holding that I have missed out taking profit from numerous times to then only be in the red again a few days later when MB had done a raise .. yet again.

I have been more underwater than what I currently am in the past though only to then just a few months later be in very decent profit. That's how fast it can change with this SP, so keep your chin up and don't waste your time watching the SP and BB all day because it will happen when it happens, and we are hopefully closer to that now than ever before.

Not blowing smoke up your a*se here either by saying that this is closest the company has ever been to becoming an established profit making machine, because I am as fed up as yourself and everyone else is here with all the recent positive RNSs having less than a positive effect on the SP. I really think it is just patience here now. We have money to keep the lights on, there's not going to be another raise round the corner like there normally is feared to be at this time of the year, and we are finally pumping oil and awaiting more RNSs, any of which could be the final catalyst for the rerate we need.

Come on MB, give us all a nice Friday surprise RNS tomorrow with no negatives in it.

I don't read any newspapersTBT. I despise the media in fact.

I just use my own eyes ... I used to work in London a lot back in the day and it is barely recognisable to what it was even back in the 1990s now. Don't need a newspaper to tell me or anyone that. Same for many other cities and towns up and down the country. What is the benefit from it all? Imagine what it will be like in just another 10 years time.

I'm neither left nor right in my eyes, only in other people's eyes who have their own newspapers that they read all the time and tell them what to think I am. I just have common sense and I can see what has happened to the nation.

I have voted for both the Tories and Labour back in the past and constantly regretted doing so for both of them because they are in effect exactly the same. It doesn't matter who is voted into power, all we get is more of what we never wanted.

The Tories had 14 years to stop mass, uncontrolled immigration and instead they broke all previous records for it despite knowing how much the general public desperately wanted it it stop.

In effect, only 1/5 of the nation has actually voted for this current shower of sh*te that is in charge now. They are already about as popular as a hole in a lifeboat, and that's even with the hardcore, life long Labour voters that I know.

That's why the nation feels grim lately. Deep down, people know that democracy is just a facade used by the people who are actually in control to make us think that we can make a change via the ballot box.

If voting ever changed anything, they wouldn't let us do it.

Anyway .... Enough of politics. Waiting for the Mongolian and Chinese governments to pull their fingers out is frustrating enough without including out own politics into the mix.

Blair and Alastair Campbell destroyed the UK. We never voted for open borders and mass immigration, they have literally been forced upon us for decades now since Blair and New Labour did so back in the 90s and by the Tories after them as well. In a welfare state, such a crazy policy costs us £billions every year to support a lot of people who shouldn't be here. I'm all for good immigration, but that is a tiny % of what we actually get. Not to mention illegal and foreign wars that our tax payers money still funds to this day. There's £billions set aside for war but not for our elderly who have paid into the system their entire lives. The leaders of this country couldn't care less about the British people.

Sorry for the rant, but current day politics is as bad I can remember. There's nobody decent to vote for who will actually change anything, hence the negativity felt everywhere.

Coming on here to look at the SP doesn't cheer anyone up much lately either. Lol

Back to Matad = This isn't going to move at all until we get the next RNS which unfortunately will have to be exceptionally good to make it tick up given that the last few haven't had any positive effect despite them being very positive.

Feels like we are running through Treacle at the moment.

If there is a "massive takeover coming" then what price per share would it be for I wonder?

Sharedreamer - I think we are all going to end up in therapy soon at this point! Lol

Totally agree with you regarding the Market waiting for hard figures and also the SP being way lower than expected.

4 to 5p I would have been expecting at this stage. It is what it is though.

I would Love to know what MB attributes this dismal SP activity to after long awaited news and multiple positive RNSs.

Is it MM manipulation?

Is it SP manipulation by certain big players to keep the SP low for a takeover?

Or is the market just not convinced despite what many think is the best position we have ever been in?

Why wait until every positive RNS to come out to start selling rather than just doing it anyway?

They can't be making much profit at this level whoever is doing the selling, even if they bought in at the raise.

This is all just beyond explanation to me now, but at the same time and very sadly ... not a surprise at all.

This is clearly being held back now. How many shares do PC own?

The only reason I can see the SP being where it is is because they want it to be here. Why take so long to Sogn the deal when they can start making money easily. There is no other reason.

Who honestly thought the SP would be after all the news we have had? It makes zero sense at all.

They want the SP low so they can make a low ball offer. The sad thing is that they are able to do it so easily on the AIM.

DACS - I truly hope that you are correct, but I'll believe when I see it.

It's been such a long journey with numerous false dawns now.

I can't see there being any negatives to tomorrow but who knows .... the SP hasn't reflected where we are for months now and there was no FOMO surge in the SP today. Wouldn't be surprised if the SP goes either way tomorrow.

Going to be an interesting 24 hours though, that's for sure.

Hopefully we will get an RNS with no negative tones to it and nice blue SP Friday finish to the week.

GLA