Member Info for bunsenburner123

In my view - the SP will rerate in the coming weeks due to the farm out and the placing clearing.

Also, the catalyst of another Farm out looms

#BLOE is the most undervalued share I’ve ever seen in my six years on these markets

With just one placing in 6 years, once it clears this is repeating on fundamentals alone

GL

Not new to the markets, absolutely not. I fancy a huge riser here in the coming weeks, watch and see. I’m very rarely wrong. GL & DYOR

Agreed. I’ve got a big chunk of cash about to deploy. Really hoping there’s an RBD TR1 tomorrow and I’ll sell into that and buy a big chunk tomorrow. Will have to see. Can’t honestly believe the value here, there’s not a single O&G company with our assets valued sub £50m and we are sub £10m. Placing done and hardly any dilution since 2020

BLOE at ~£8m looks insanely mispriced vs AIM peers because:

• Multi-TCF gas + huge oil upside on paper (NPVs in the hundreds of $m to $1bn+) sitting under a microcap valuation.

• Partner-funded de-risking is real, not theory: the $95m Project IV carry is signed/closed, and Project III has a $25–30m full-carry offer on the table. That’s multiple years of work paid by others.

• Not a one-trick pony: production today + two massive gas shots + oil redevelopment optionality = multiple routes to a rerate.

• Peer comparison is the “wtf” moment: similar microcaps with less carried upside trade materially higher; BLOE is priced like it never closes anything — despite already closing the big one.

• Near-term catalysts: finalising Project III + 2026 work starting on the carried program = the kind of newsflow that can snap a microcap out of the “ignored” bucket fast.

Bottom line: one of the best risk/reward set-ups under £50m because the upside is enormous and the expensive bits are largely being paid by partners.

#BLOE at ~£8m looks insanely mispriced vs AIM peers because:

• Multi-TCF gas + huge oil upside on paper (NPVs in the hundreds of $m to $1bn+) sitting under a microcap valuation.

• Partner-funded de-risking is real, not theory: the $95m Project IV carry is signed/closed, and Project III has a $25–30m full-carry offer on the table. That’s multiple years of work paid by others.

• Not a one-trick pony: production today + two massive gas shots + oil redevelopment optionality = multiple routes to a rerate.

• Peer comparison is the “wtf” moment: similar microcaps with less carried upside trade materially higher; BLOE is priced like it never closes anything — despite already closing the big one.

• Near-term catalysts: finalising Project III + 2026 work starting on the carried program = the kind of newsflow that can snap a microcap out of the “ignored” bucket fast.

Bottom line: one of the best risk/reward set-ups under £50m because the upside is enormous and the expensive bits are largely being paid by partners.

I think I’m going to buy more tomorrow. This is insane. £8m cap is actually nuts

And just like its flipped. could be an interesting few sessions here

Book nowhere near ready sadly

Glad I bought a few chunks yesterday. Price suppressed from the cln selling. ChatGPT says no red flags, says it’s actually a good deal. But there will be a bit of an overhang. I think it clears today and when it does SP will move above .9p. Gold flying - the metrics of this company/mine is truly off the charts. Don’t think there’s a single company that comes close to NEO

Is the deal dodgy?

No. It’s a solid, above-average structure for a small mining company.

Why:

• Strategic UK investor

• Placing at a premium (0.9p)

• Board seat + observer

• Staged funding

• Debt converted to equity

• Main Market listing

No deep discounts, no death-spiral convertibles.

⸻

Is it a good deal?

• For the company: Yes – funds Beisa and avoids distressed financing

• For shareholders: Short-term dilution, but avoids a worse raise later

⸻

Are the CLNs toxic?

No.

• VWAP-based conversion

• 10% discount, 5% coupon

• Approval-triggered

• Strategic holder, not a flipper

They temporarily cap upside, nothing more.

⸻

What happens to the share price?

Once the CLN / debt sellers are finished, selling pressure disappears and the share price likely goes back up.

⸻

Typical pattern

Dilution → drift below placing → overhang clears → base → sharp rebound

⸻

Bottom line

• ❌ Not dodgy

• ✅ Sensible funding

• ⚠️ Short-term pain

• ✅ Upside once sellers are gone

This is a timing issue, not a problem with the deal.

Have a feeling NEO is in for a good day tomorrow

I think this is quite a remarkable opportunity. Downside is v v limited, it’s at the basement with huge opportunities and all free carried. I’m going to build a significant position

Is this a completely insane opportunity? I’d h a t e to trust my own judgement on this, so is this how others see it?

Thanks for sharing

basically its ridiculously undervalued, just sit tight. collect the divis and wait for capital appreciation

Which is why it makes no sense to even follow through with option 1 if they want it reduced costs and improve sentiment toward investment. Hopefully Labour see sense as they’ve been advised but I doubt it.

Huge growth story at play here

‘ Ukrainian robot machine Gunner held off Russia for six weeks’

Article in the daily telegraph. This right here is the future and it’s the only place to get exposure. Huge things coming me thinks

Ok thanks. I think February. Almost defo option 1 for so many reasons. If so, floor should be set at 105p. Slowly gaining confidence back in the sector to close the year at 115p. Fingers crossed plus divi obvs

Anyone know anyone will find out whether option one or option two has been chosen?

100%. Do your research then wait for bags is my thinking