Member Info for bluerill

Thanks for the shout out, Al, but can I just ask for the squillionth time, What is your f-ing point, BS? You, not for the first time, are completely misreading/misunderstanding that quote as it pertains to Oza from the sle standpoint, and everyone is left wondering whether you're thick or just plain malicious. From the sle standpoint, there is a further 11m coming in to develop the project, backed by Millenium and behind them, a local bank, which is simply put, fantastic. The balance is a REFINANCING of existing commitments between Decklar and Millenium, not new debt, and the furthest thing from our concern. This is all incredibly positive as the market can see the kind of general interest there is in Oza despite many in the market having thought credit for marginal fields, particularly in Africa was dead, or at least in deep hibernation with the virus. The wide participation in this deal, the relatively decent size AND the quality of the partners - and for a marginal field no less! - has given the lie to this perception and in particularly spectacular fashion. How could anyone in their right mind read this press release and think any different? And yet you did. Again. Which brings me back to my question: What is your f-ing point, BS? Or perhaps more appropriately, assuming you are of right mind and all, What is this obsession you seem to have, over such an agonisingly long period of time, of trying to spin good news in a negative direction while seeming to present yourself as some sort of 'balanced' observer to the point where you will literally make up sinister motivations or conspiracies where there are none; If anything, in fact, just the opposite. Just take a look again at this gem: '.....No prizes for guessing who the winner is here - now if it had been $22000000 into the Oza field and $11000000 into debt repayment I would have been a great deal happier....?' What in the hey-ho does that even mean?!? You would have been 'happier' if a great project that San Leon has bought 15% through a LOAN facility that is protected through a cash sweep, which is likely going into production months earlier than expected, where the quality of the other partners makes its option to increase its stake to 30% suddenly much more valuable? Really? Well, as long as we're sharing our thoughts on happiness, you know what would make me happy? ABSOLUTELY NO PRIZES FOR GUESSING

sorry, forgot the story link: https://www.decklarresources.com/news/decklar-resources-inc-provides-update-to-funding-for-restart-of-production-at-its-oza-oil-field

Looks like we'll have some good news to start the week as Oza deal near done, but in addition it appears that field work has been progressing even while Decklar and San Leon were waiting for financial, so it would appear Oza may be in production sooner than we could have imagined:
'....Well Site and drilling location preparation for the Oza-1 well re-entry and first horizontal development well have moved forward, and we are pleased to report have now been completed. The road to the well site location has been rebuilt and construction of a concrete drilling pad, concrete mud pit, buildings and related infrastructure have been completed. Long lead time items needed for the Oza-1 re-entry have been secured, and a drilling rig currently located near the field has been identified and contracted.
As previously reported, an export pipeline that ties the Oza Oil Field production into the Trans Niger Pipeline (TNP) and continues on to the Bonny Export Terminal, operated by Shell Production Development Company (SPDC) is already in place. Infrastructure also in place at the Oza Oil Field includes a lease automatic custody transfer (LACT) unit fiscal metering system, infield flow-lines, manifolds and a rental 6,000 barrel per day early production facility. These production and pipeline facilities ensure that oil tested from the Oza-1 well re-entry and early production will be immediately delivered and sold on an expedited basis.....'

I feel good about my view and the price trajectory over the next 6 months, Doyezee. IES was just about the only important name in the general space, here or in the US, that didn't have the bejeesus kicked out of it over the past 2 sessions. And that's bc of all the price-insensitive selling we've endured from Bushveld and Riverfort (still been a fine performer, but it would have been materially higher without it) over the past couple of months, which the market is (very) conscious is at or near finished.

God, I can't believe it, but for once I was actually hoping you'd pitch up and spout more ignorant pablum, written of course with your typically over-confident snark (why is it, the less a troll knows about a company, the more proudly he displays his ignorance? Anyone? Yellow, you want to grab that one?). Here's a clever fella from the ADVFN board this morning explaining just how wrong you are (with some tiny edits) regarding this morning's RNS: '...Fwiw, Riverfort is a lower quality financial institution that the company were forced to use to get their RTO deal over the line amid the Covid-induced market chaos of last March. Their 'lending facility' was in the form of options struck at much lower levels such that when the company taps the facility, Riverfort then exercises the necessary number of warrants and sells the shares, resulting in RNSs such as this mornings. In every case of course, the share price on that day was relatively unaffected because those shares (same for today) had already been sold so the RNS is retroactive (that's how Riverfort work), but there is the reminder that Riverfort are still out there. Well, according to my maths, Riverfort is now at or very near the end of their facility. In other words, another painful overhang held by a seller that is relatively price insensitive - as with Bushveld, a legacy of weaker stock markets when the company was just beginning a process of pursuing business that is now starting to be closed - seems to have now finished. Not sure what the share price may do this morning, but this is potentially very good news indeed (also, check out what some of the US names did last night, like PLUG!)....' I edited it a bit, but the main points still prevail. To sum up, S-S: you have never understood the nature of the Riverfort facility, from the origins of the loan to how it is executed - no different of course than anything else to do with this company - and now, it is effectively finished and along with it, a stock overhang that has likely held back IES's performance. Along with the end or near-end to Bushveld's selling, we can push on unencumbered by these twin suppliers of shares and likely will get to see some more institutions who have been buying up that supply. Look out above, you mendacious muppet.

sorry? Squirm out of what? Knowing what I'm talking about? Calling the absolute bottom of the share price? Helping a bunch of strangers make money? Can't you even put one coherent sentence together in all that word salad? Like ever? This is like ritual abuse.

'......It was pointed out that you go quiet for ages and then turn up ramping just before the notification of a small projected sale and a fund raise. Will that be the same again? What and how do you know about the timing of these that others don't...?' Funny. It's been pointed out that you are a mendacious fantasist who spouts utter gibberish but thinks if he repeats it often enough, someone might pat him on the head and scratch behind his ears. No luck yet I guess.

Simms certainly demonstrates that he earned his lse rosette. The balance of evidence for professional observers (and no, owning this or any other share for a long period and thus being able to share personal stories of loss from back in the day, does NOT award anyone with a professional designation), is that Harry and the board are close to pulling off a rare feat for an independent, early-stage resource company: basically with a minimum (yes, that's what I wrote) of equity raises largely to cover working capital over time, these guys are looking to raise 50% against a FUTURE value of the company from major government and banking sources, some 2 years prior to first gold/copper. The last 2 major updates are clear progressions on previous updates as well, signalling strongly that the company's management is truly on the brink of something special. Sure, the share thus far continues to lean, valuation-wise, far more heavily towards the most bearish possible interpretations, but in this market in particular, that can right itself in a hurry with the arrival of just a couple more deep-pocketed grown-ups who see the direction of play as Simms and I do, rather than the marginal (bitter and twisted) small shareholder who has held sway for far too long.

Since I'm accused of something I am in no way guilty of, (rather, I have consistently provided needed perspective at crucial moments in this company's corporate and share price development), I might as well live down to that baseless accusation once in a while. You know, for fun: the UK 'market leaders' in this space -ITM, Ceres Power - are most assuredly in the early-to-middle stages of a bubble. Despite no real revenues yet booked and years from profitability, these names and even more so their American cousins, are marching on towards enterprise values in the many billions of pounds. This is for 3 fundamental reasons: 1. the market's now 2 year old+ recognition that developed economy governments are serious this sh*t is for real; 2. an acceleration in their order books in the past 18 months; and 3. an improvement in (potential) margins as commodity prices have fallen (not anymore, but over 3 year period) and scale economies on market growth are in prospect, AND two huge capital flow reasons: 4. the (particularly recent) recovery in major stock market averages that has caused a massive capital shift (in the past 6 months in particular) out of mega/large cap stocks into mid cap and (just beginning?) small cap names and 5. the explosive move into ESG funds in particular which - once the 'S' and the 'G' are satisfied, which is not a given just because a company is in a major 'green-ish' industry - have found a very happy home in the alt-energy and in particular, the energy storage space. In short, on a relative basis of course, Invinity has more than satisfied the first 3 milestones quite smartly in the past 4/5 months, but '4' has just begun and when '5' hits, well to be frank if a bit rampy, this share price could double without a lick of new news. Now back to our regularly scheduled programming......

I was just having another look at our newest contributor and darned if I don't see the error of my ways. He's clearly an honest and very real fella but I still thought I might highlight the following section of his terrific post, which is just terrific: '....And I'm the kind of person that has lots of positions so I don't keep up with the RNS that come out on individual stocks. I can't use traditional valuation methods on this stock because it's not a conventional structure so I preferred to shadow the director when he bought as I assumed he had enough knowledge about the internal situation to not feel that his £20m was at risk. He even gave a podcast interview in May stating that he was fully confident that he would make a large return on his £20m.....' Honestly, it would be funny if it wasn't so terrific. This concerned stranger, who appeared for his first ever posting is clearly a gentle soul who apparently leads a life so filled with investment positions and good works that he doesn't even have time to read press releases from companies (bless), all while living in a world free of the complexities of everyday life like being able to log onto a website. But he's also a serious player, steeped in the ways of 'traditional valuation methods', which somehow are simply not powerful enough to analyse the shares of the devilishly complicated San Leon Energy, a company with a portfolio of oil and gas assets Iwhoa) and which is owed cash nearly equivalent to its market cap, No, such an 'unconventional structure' renders his otherwise powerful 'traditional' methods useless against its cunning ways, and so our hero must engage other arrows in the quiver of his investment genius by somehow finding the time, this time, to read an RNS and then decide to 'shadow' the CEO and buy shares of a company he otherwise has never looked at and knows nothing about (so common! so normal!). In the end however, this multi-investment, non-RNS-except-sometimes reading, traditional-method-except-when-the-CEO-is-buying, oh so real everyman is above all, the very soul of integrity. When he sees injustice, by gum, he's not going to let it stand. He's going to come on to an arbitrary share message board a month later and let everyone know how very shocked, shocked!, he is by the CEO's announcement that the transaction he based his keen investment decision upon, hasn't closed yet. Why, he's so upset he may just sell his imaginary shares from his imaginary portfolio, at a price 14% above where it was when the company made the announcement that he didn't read at the time. Terrific.

Firstly, it looks like my ghost hunting post has been taken down and that is just plain weird. Expect its return soon....Otherwise, honestly QF, I think (actually I know, but whatever) you are reading too much into this (even though I largely get your anger to an extent). Firstly, its a very bespoke situation so on that basis alone, has no real 'look through' to any other RNS type. More importantly though, on the deal itself, this was/is a private transaction between 2 parties, Oisin and Tosca. That 'agreement' would have involved Tosca's and the NOMAD's proper dd on the legitimacy of Oisin's funding provider(s) of course. Once that was done however, the rules are clear: it absolutely had to be announced (not to do so in fact ,would have been the real violation). This RNS went out - and this of course is crucial - with 2 key understandings among all the parties (very much including the NOMAD): 1. that the transaction was still subject to financing closing; and 2. the confidence that it would, in fact, close. Now of course you might well say 'that's all and good bluerill, but why didn't they use conditional language like 'subject to financing closing' and/or didn't use the past tense like 'bought', etc' and I have some sympathy with that. But in the end, my sympathy would/does not extend to righteous anger because firstly, I know that in fact, EVERY share transaction, private or otherwise, contains the risk of 'financing' failing. In other words, every time anyone buys shares there is a time lag (generally 2/3 days, but sometimes far longer) between 'trade date' and 'settlement date', or the time between when the shares are deemed 'purchased' and the time the buyer delivers the funds. On that basis there are in fact many thousands of transactions every day that 'fail' on settlement date for reasons very similar to ours. In addition, as we can see from the quote from Tosca in the RNS announcing the bargain had not closed - also ignored by trolls funnily enough - that they remain very prepared to continue to pursue the transaction tells us that the NOMAD would have been completely assured ex-ante that no matter what, if this transaction were to be disrupted in any way, that Tosca would not dispute the outcome and would happily 're-acquire' the massive shareholding. Knowing this would have given the NOMAD all the comfort they would have needed to put out the original RNS in the form they did (remember: AIM managements have absolutely NO control on the wording, timing, or even 'pushing the button' for the 7am release, of any public RNS. It is entirely in the hands of the NOMAD. Finally, as I have written before, this transaction remains an active one and we could still enjoy the upside of having a CEO buying a further large shareholding, but remember as well, OF remains one of the most 'aligned' CEOs among AIM small caps with some 9m shares, all/almost all of which he purchased with his own dough at (much) higher levels

You don't seem to understand. The passion and focus of the environmental lobby in the US is always dialled up to 11, no matter who is prez. The only difference between having Biden instead of Trump will be some legislative efforts on the demand side (eg., more subsidies for alt-power, etc) and then tightening restrictions on FEDERAL lands; ie., the Biden administration will focus on stuff they CAN do first and foremost and that means steering well clear of trying to pursue absolutely anything that smacks of a federal effort to impinge on state's rights. This is, by the way, precisely the same approach as the Obama administration and Great Bear operated quite unimpeded during that period, at least from D.C. (shame about the financial crisis). And finally and probably most important: everyone in the Biden administration, from the very moderate president to the most rabid green lefty, knows full well that the inexorable rise of the green economy means further intense reshaping of a big part of America's (and all of Alaska's) economy, with the resulting retrenchment for tens of thousands of oil and gas workers. None of them is going to make the next 5/10 years even worse by trying to take on the private end of the industry where they know they cannot win. If anything, a further tightening of drilling restrictions on federal land, the disruption of pipelines like Keystone could be, as mentioned, a small positive for on-shore Alaska, conventional (shale is the bigger enemy for the left remember!), private land drillers like Pantheon. End of.

If I might, once and for all: The US federal government, and what everyone seems to assume is the anti-hydrocarbon policy of its new administration, cannot and will not reach ANY exploration or conveyance businesses operating on private land, the regulation of which falls under state jurisdiction. And Alaska will not be banning oil and gas E&P anytime soon. The National Wildlife Refuge, as an example, is of course a federal reserve while Pantheon's acreage is on private land, while the pipeline the company will access likewise does not, I believe, traverse any federal lands.

Man, I really butchered that last post. Otherwise quality mockery ruined by all that phoney outrage. Regardless, we mustn't let the latest jabba incarnation obscure the continued, if uneven, grind higher in our share price. Some decent volume has traded the past few weeks and it was nice to see all that buying at 25p today. That's just 1p away from being able to 86 teamwork's imaginary position. Good times. (p.s., I know you are legit QF, and I don't mean to seem to minimise your concerns after all that reflection, but reference my previous posts on this subject: this is simply an unfortunate, though temporary, victim of covid, but the bargain remains open and, I believe, will eventually close).

Darn, that'll be tomorrow then. And just when we were learning how to log in and everything. Sure gonna you and your totally real concerns. Shame

Views? What 'views'? Have you met you??? You write malicious nonsense and I call you out on it. End of

potatoe, potato. You may have a point, james. Maybe the word has too specific a meaning in the on-line world. How about a pustule on the butt cheek of the stock market? Better? What's far more relevant however, is that this character spreads misinformation based on anger and bitterness and then avoids punishment by skulking away until he can next crow about the share price falling a bit.

The reason muppets like Yellow can be so dangerous is they combine their bitterness over whatever historic issue(s) they can't get over, with a towering ignorance that is somehow reinforced by utterly unjustified confidence in the pablum they put out into the world. So let's now be very clear: Institutional shareholders in IES are NOT selling, and certainly not therefore in any effort to 'milk the price down to 175p...', whatever in the world that is. There has been only ONE seller that has recently capped our share price and that is Bushveld Resources, which has filed multiple RNSs to that effect. I am no expert in Bushveld, but apparently BVM's investment in IES is held in a subsidiary called Bushveld Resources, which doubtless holds other investments in the alt-energy space, likely focused on V-flow for obvious reasons. I believe IES is the only listed holding and it has clearly been a big winner for the group. Now we cannot know as yet the reason behind their reducing their IES holding of course. They could have soured on IES for whatever reason. However, since IES is listed, it seems far more likely that BVM is selling to raise cash for other ventures that perhaps are not performing quite as well. So much for the 'relentless selling' by instos. How about the buying? Our resident super genius seems to have overlooked that while BVM have been alone in reducing, Schroders have clearly been one of the buyers at 190p. Last I looked, they are an institution [But wait, it gets even worse for this uniquely mendacious troll: . Finally, as for the timing of my re-arrival to put things straight and whack a troll or 2: yet another 1m share block has gone through the market today at 190p. Bottom-line: If, as is very likely BVM yet again, that puts their holding at or near 5% and I reckon they are either going to stop there or they will be out very soon. As already highlighted by Bitten, time to start focusing on who's buying. Just in the last day or so, Bloomberg has posted at least one new institutional shareholder who has arrived from the recent fundraise: Fundrock/Octopus Microcap Growth Fund. Look for more such declarations to slowly trickle in, each one making a further mockery of Yellow and his poisonous nonsense.

Decklar shares dusted off the cobwebs and rose 22% yesterday to near 40c on light volume, only 23k shares, but that's 22k more than they usually trade and that's the highest price level since the sle deal was announced.....

yeah, nah. note the open the next day. you are 100% wrong