Member Info for Bridgedogg1

So the down day came and everyone is upset. Still 100% up from a few weeks ago. Still on target of breaking 1p. Still has possible JV/takeover. Nothing changed just a few taking profit and many more running scared. I expect another red day tomorrow, maybe 5% but recovery to near evens by close, followed by a big blue day and resumption of normal service 10% days. But there will be red days. There always are. Set a price target and stick to it. Price movements in between news flow doesn’t tell you anything about whether you will hit your target or not, it’s just investor psychology. The next update will tell what we want/need to know.

A quick ride back up to 38p? Let’s see. Could really do with an RNS tomorrow but it would be a shame to get it at the bottom of the trading range, an RNS that pushes us through 40p will be nice. Quarterly figures highly anticipated , I suspect any RNS will include a general update on drilling plans.

More like £650k a month and that was during an intense period of activity, FCA licence etc. Revenue increased from nothing to almost £1m in H1 2021. it will be very interesting to see where the revenue is at now with additional retailers, Bitcoin payroll and transactions. So we had close to £9m in cash, say £500k cash burn per month so still have £4m left? We shall see but I don’t believe that a placing is inevitable in the short term. I guess that’s because I’m invested and you are not.

At the last financial reporting we moved into gross profit so not exactly ‘burning money’

We had a strong balance sheet with £5.7m cash and liquid assets of £8.3m.

Revenues increased more than twenty-fold reflecting 3,200% growth in trading volumes and increased payment volumes of Global Services

Since then we have sold our Bitcoin (£2m?) at a profit.

Not sure why some on here are talking up a placing other than to sow doubt but there is no requirement at the moment. If this goes any lower JR should just sell the company to get max value for shareholders, we are almost priced at cash and will be soon if this drops much further.

At the last financial reporting we moved into gross profit so not exactly ‘burning money’

We had a strong balance sheet with £5.7m cash and liquid assets of £8.3m.

Revenues increased more than twenty-fold reflecting 3,200% growth in trading volumes and increased payment volumes of Global Services

Since then we have sold our Bitcoin (£2m?) at a profit.

Not sure why some on here are talking up a placing other than to sow doubt but there is no requirement at the moment. If this goes any lower JR should just sell the company to get max value for shareholders, we are almost priced at cash and will be soon if this drops much further.

Delayed £180k buy from yesterday showed up. Put that together with £135k buy at 16:05 and someone is building a sizeable position. If trays the case we will see more similar size purchases. Unfortunately the price increase gets sold into fairly quickly. Once that goes then so the share price can increase unrestricted.

Huge number of PIs selling and top slicing here. Huge drop being prevented by the consistent large purchases by large buyer and opportunistic tradings looking for a bounce. Could be a few red days in with the blue this week, always happens even when it looks like they have gone straight up to 10 bags in a short period of time there was always sizeable pull backs. Boards are littered with those that wish they held on. Equally there’s just as many, maybe more that wish they’d sold… don’t think that would be an issue here though

Shame about the selling into this mornings good start. Plenty of buying interest at these levels, makes sense from a technical and fundamental point of view. If we don’t get another TR1 from Blackrock soon it’s safe to assume they have stopped selling. Otherwise hopefully it’s a big drop to below 3%.

The fact is the CPR doesn’t have to include the new discovery … just saying… how much does 1 vertical well actually prove up? How will they categorise the reserves if it’s based mostly on geological models? We have up to 17 formations in this area and the 1.9bn figure only covers a few of them. We need twine good technical drilling to really open this up. I’m not backing in the next CPR personally, I want to hear what the plans are for development, hopefully with a partner with deep pockets.

Earnings report out - They have A LOT of cash and now producing 7k bopd from powder river.

Yes consistent news needed, even announcements of smaller deals to show the effort being made to scale up. Adding other coins, especially ETH will be massive.

We can’t sell the mine because it’s loss making so not worth more than the outstanding finance. This is getting very close to going under… more debt to pay currently debt payments that aren’t covered. Maybe Masterman will do a director loan (I think not)

Surprised we haven’t had any assay results, expecting something this week. We know there was over 1 tonne of material at the labs waiting to be processed. Once the backlog is cleared and with 6 drills working from today results will be coming in every other day and the mega value will emerge.

I’m going to say that’s not just PIs buying

Blackrock dumped a large portion of their shares on the back of the trading update (which wasn’t that bad). The hope is they are either out or happy to hold onto reduced position in which case recovery can start.

https://twitter.com/premafrimin/status/1493147519571927042?s=21

Revenue up
Margins up
PBT up
Debt up due to acquisition that will double profit
Lines refreshed

Not sure why this hasn’t recovered much more strongly to atleast £1

Good luck Prem holders. Here’s to another great day. May the buying be with you

Seems that Russia is deescalating, hopefully pull back dive of yesterday’s losses today..

Technical analysis, I.e. looking at a chart and drawing a line will be blown out of the water with JV/takeover off lands. Who’s mzkjng big purchases all day while you lot sell your golden tickets? I expect there will be even more derampers in tomorrow in a panic. Holders are sitting pretty and happy. There may even be a red day??? be I ain’t selling these