Member Info for bluemango

Today's price action is a perfect illustration of what CC is referring to.

Illiquid market and MM's very happy to take advantage while leveraged PI's find they can't be in during suspension. Utterly crazy that people exit at such a time. They'll be feeling sick exiting at under 2p, imagine how they're going to feel when the Shallows deal comes in and unlocks the drilling programme again and all the income generating actions that follow.

The complete opposite.

Can't say a lot, quite a long run-through from CC and Q&A afterwards, around 8 shareholders in attendance. Basically, everyone ..

Hang on in there.

CC understandably cynical about Aim market in general and how the company is viewed & valued in comparison to the assets. Other party to Shallows deal are 'gagging to get on with it' and it will release all kinds of current logjams. Should be rather more happy faces in a few weeks time.

Somm if you get a moment can you please email me on bmcasp@hotmail.com

Cheers

Somm, they're all good questions. No promises, and you tend to only get a chance to ask one or two if you're lucky.

There's always the possibility of you emailing Clive, probably wouldn't get a response on AGM week but maybe worth a try another time.

Another big trade, 922k at current mid price of 2.25p

There's always an update, usually with PowerPoint, and no don't need proof of ownership though they'll ask you to sign a register for attendees.

Just noticed two trades at half a million shares each, both at 2.29 and reported in the buys column. Offset by a few PI sells as has been the case recently as the leveraged are forced out pre possible suspension.

Adrianz may have used 'advise' when he meant 'advice' but he is correct in everything else he said.

And fwiw anyone who uses that many exclamation marks in a post and comes out with completely unfounded stuff like 'this is all a scam' (not even qualified with 'I think' or 'imo') is simply trying too hard and not to be taken seriously (imo)

Yes that's the negative spin re the boat.

The positive is that it's worth far more than was paid for, and has already been a nice little earner.

By my calculations, still six months to go in 2025 and the welcome confirmation that shallows deal is pretty much unstoppable, means 4p this year is now an even easier target. So the screenshot is safely tucked away, ready to be quoted.

Btw, apostrophes really aren't scary, why the aversion to using them?

Completion of the $88 million disposal of the BNG Contract Area's shallow MJF and South Yelemes structures ... continues to be dependent on the receipt of certain regulatory approvals.

To date $15.7 million of the purchase price has been received and the work between the parties relating to the operational change of control has been completed.

The financial impact of the Disposal is expected to be transformative on the Group's financial position and future prospects....

Nice to get unequivocal confirmation that it's not a matter of 'if' but 'when'

There was a miniscule sell at 8:17, which gave mm's enough excuse to drop the offer, followed by what looks like a rollover of 220k shares around lunchtime, then a couple of buys.

Meanwhile the bid has stayed unchanged from yesterday.

The corollary of that, of course, is that a long held cynicism of 'it never quite happens' will mean that disappointment is already well priced in and therefore a good, substantive announcement will have a disproportionally strong upwards effect on the share price.

Don't worry, I will. (It was Friday 30th May at 13:02)

In return, please promise you'll sell when it spikes above 4p, so the rest of us can enjoy the upwards ride from there without your constant negativity.

The best thing about any coming spike here, is that it will provide an exit for one or two of the perpetual moaners/depressives on here and allow the rest of us to enjoy the ride up from there onwards. Deduced from pure logic, newsflow is clearly very likely to improve markedly over H2 and I'm greatly looking forward to it.

Where's this document mentioning the return of 85% of this contract area, please?

Agree with all that, Lamoroma24.

I've now got a screenshot of the post saying 'we will not see 4p in 2025'. I certainly beg to differ, given what we know, including the known assets and the potential news flow this H2. And even if he seriously believed such extreme pessimism, why on earth try and put off potential new investors by saying so publicly?

Extraordinary.

A wise saying I heard many years ago:

Only a fool publicly trashes his own investment. I do hope Gritser is in the extreme minority here, luckily others can probably recognise the frustrating wait has been for readily explainable reasons and that H2 should be markedly better.

Mike, are you confusing the two entirely separate deals, (each with different partners), the shallows with Absolute Resources, and the deeps with a middle East investor?