Member Info for Bridgedogg1

Clearly the idea is now to comercialise the licences we have as pre clinical/phase 1 ready rather than any further development. Anne is turning the focus of the company to monetising the assets we have.

Cant open a position on IG. Does anyone trade this anywhere?

Not about the seimic?

HFB being misleading. Its all about the seismic at the moment. Propper seismic can not be processed in a day otherwise BOIL would have just done it and not requested a licence extention to get it done, or raised £3m to get it done, or told the market that ir was going to take > 6 months, or engaged a company to do it.

Its a question of quality - if BOIL want someone to pay for a drill (which you need to do to keep the licence but cant afford) you need to have good data. There is no smoke screen snail pace processing while deals are going on in the background, Spectrum Geo Australia Pty Ltd have been contracted to reprocess the data and have advised how long it is likely to take, which has informed the timescales set out in the RNS.

IF a processing facility decision is suddently made how long will that take to finance/construct? Being generous - 3 years?

The route the company is taking is the only one open to it - get some data that hopefully pulls in a farmin to fund the appraisal drill. The decision for which will be taken by December 2022 - after which if BOIL can not secure a partner it will have to drop the licence. To do this a decision will have to be made regarding the offtake because no one is going to fund an appriasal drill on a stranded asset i.e. even if it is sucessful it isnt comercially viable.

No doubt a huge post will be copied and pasted above this to move it down but I suggest those invested read the RNS and do a little research, dont listen to the rampers on here, or me.

Not the best news IMO. Main technical leaving along with potentially more shares on the sell side. Definatley needs news here.

2 billion barrels in the Kim? Or was it 20 billion? I forget.

So GUG what is your position? You post like someone waiting to invest? Perhaps waiting for the final Atlas conversion?

How many companies on aim have more expenditure than income and are valued at multiples of £6m. The gap to profit is closing as we speak so is it going to go from 6p one day to 20p the day we make a profit? Money and time spent optimising the mine and sorting issues, the potential already being realised. Yes Q4 24/7 will be the big test but no reason not to think that everything is now finally coming together. There must be some value to the potential otherwise 90% of aim would have zero value.

GUG what is you position in WRES? Taking the time to put up ‘strong sell’ against your posts - I assume you are not a shareholder, if you were you would have followed your own advice by now? So just here for the fun of it adding 130 negative WRES response posts a month?
Yes a miner in production has debt! Fair value is still over 20p.

At the larger valuation end of Aim there is Lenny of good growth to be had for reasonable risk it’s not all boom or bust.

I didn’t even realise there was a different chat view, I just have all the posts view

Troajan, why start new posts with poster names instead of just replying on the original thread? :))

The question here is, assuming things will now turn around, will the SP only respond to solid Q production figures or will there be people looking to get in before the market moves in. A bit more risk but for me I want to be in as near the bottom if I can be (and chance for LT holders to average down??) Doesn’t matter so much long term but wouldn’t mind a small reversal of the SP direction for peace f mind.

Speaking of monthly updates- might not be too far off the mark- "We are making good progress this month and have already shipped 40t of tungsten concentrate and 19.3t of tin concentrate, with further shipments confirmed in the coming weeks."

A nice update on another project, water fix and May production figures could see a strong turn around sooner than Q4. Even with the risks this is just trading way too low.

The target for Q4 and ongoing is 5-6 times Q1. As we ramp up I hope we get monthly production updates, even if not as detailed the quarterly figures. You never know.....

If we hit 60p whoever can have whatever warrants already issued!

Nice video of the operations. Worth just £6m??

The problem is we haven't even secured the Iraq asset.
And Tamraz... made a deal which was basically - we give him share - he uses those shares to get a loan - uses the loan to buy more shares from us. It was a no lose for him all based on the promise of deals that probably didn't exist. Only problem is he got scr@wed over by whoever held the shares as collateral for the loan because they sold them and PET found out. So now he is on the board but probably not doing anything like the rest of them. CLON just raised cash, we will soon raise cash, then another year goes buy and CEO gets paid.

Cash raise / open offer likely to be in the region of £10m then?

Prob on the back of the CLON 10% rise

GIT Everyday is a new day where you could be invested in something else. What has gone before and what you held yesterday doesnt matter. Holding for a long time with no gain or a loss isnt a good reason to hold today. If you think you can put the money to better use elsewhere then might as well do that and feel happier about it. This has been falling non stop since it hit the equivilent of 54p in April 2019 so I can understand why LT holders arent happy but each day is a new investment decision, got to be happy with it. Sounds a bit ****ish now i read it back but ive been in the the same position.

Thanks GIT, obviously the plant is operating well with the low grade ore so once we get into the higher grades and increase working days this should ramp up very quickly. I aslo read that the flooding is part of the natural wet/summer season so I assume with the dryer weather (and an optomistic view) it may take care of itself to an extent, with the fix preventing flooding in future wet seasons.

Dreaming - in 24 months we will be producing plenty with plenty of other projects to develop. Speaking of which CAA Portalegre JV news would be nice about now ;-)

Personally im not invested in AIM to get dividends though it is good for the valuation (10% div!) I would much rather see share buy backs. With oil eploration there is so much dilution in the early days that I see the share buy backs as a way of paying that forward before you start to distribute.

Expecting another placing fairly soon. There will probably a nothing RNS to try and gain a little interest firs, lets see.