I am finding it very difficult to believe that the shooters continue to attack this share. In the next 19 trading days we can expect a minimum of 3 RNS. I am ruling out an intraday RNS today and also believe the 5% value will be determined before the final week in February. So we have drilling update at the end of this week, the MRE and the 5% agreement all potential catalyst events for the share price. Other news could of course drop. I expect all 3 RNS to drive the share price north. Surely it is madness to keep the shorts open. Fingers crossed that they burn big style. Good luck all genuine investors
Rodgetrades, good luck to you. The point is that there are now over 2.5 billion shares in issue basically making it very difficult to add significant value for shareholders. I fear all existing shareholders will be screwed. You could make 10 to 20 % from here on new money if you are fleet of foot but personally I doubt it. The most likely course of events will be a share consolidation to make the price look more attractive to the market before a further raise and dilution to keep the lights on.. good luck but they will not get more of my money
I originally invested around £10k in this stock back in 2013 as a speculative gamble. I wrote this off a long time ago but looked in again following the recent 33% increase. Today following dilution consolidation and dilution rinse and repeats my holding is now worth £2!!! Yesterday’s ridiculous placing to raise a pittance is more of the same. Please be careful before throwing more money at this company.
Great deal Martin! (Not). Do the decent thing.. take a pay cut or resign. Your communication, record and performance here is appalling. Time to face the shareholders! Oh and if you go takes Parsons with you!
What on earth is going on. No mention of margins and the level of free cash being generated from current production. What happened to the workovers? What happened to Palermo aike? To raise at a significant discount to the current market price is incredibly dilutive and little real prospect of adding any significant value over the next two years. It is time for Martin to resign I think. Very disappointed here. A webinar is called for. Let Martin answer the shareholders. More crap from the parsnip stable!
Just watched Gillian keegan talking about omicron and lateral flow tests on breakfast tv. It absolutely made my blood boil. She is clueless and clearly oblivious to avacta. She was describing the awful swob process of ten rotations on each side of the mouth and ten times up each nostril together with an astounding sensitivity rate of 60%! It was pathetic. The program needs to be made aware that our test is 98 % sensitivity and 99 % specificity. I have seen alaistair on gmb before so he must have contacts. I am going to message the program and strongly suggest they re interview keegan and ask why a uk developed and manufactured test is being ignored. Others may want to do the same. Good luck all genuine holders
Bamps, could you clarify your final paragraph about the juri joint venture please? I read the RNS quite quickly but didn’t pick up on any mention of juri or are you referring to the earlier RNS? Thanks
Much better communication from Martin. Previously he would probably have waited for the completion of all work overs before reporting to the market. Hopefully we will now get more regular communication and updates which may drive the price up
The share price continues to drip down on no news and very few trades. All this could have been avoided with just a bit of communication from PH. Investors here have been anticipating an announcement on flow rates since about 3 days in. All PH had to do was advise us shareholders how approximately how long the test was likely to take to complete with some sort of update if the estimate proved to be way off. Simple communication. Instead shareholders have witnessed a 30% decline. Probably not justified and hopefully the price will rise to a more reasonable level following the announcement which surely can’t be much longer. Fingers crossed for something spectacular as I am sick of the wait. GLA
JerrySpaniel. It is somewhat disingenuous to say anyone using T212 or any other free platform is stupid! FYI I have used Hargreaves lansdown as a broker for the last thirty years. I opened an account so that my daughter (a student) could obtain a free share. They also allow dealing in fractions of shares so it got her interested in the stock market whilst not swallowing up profits in dealing costs! I didn’t like T212 from the start. I didn’t recommend T212 to my daughter but it was her choice. Incidentally she has a first from Durham and a distinction at masters level. So I don’t think she fits into the stupid category! t212 messed up my first trade and I took them to the ombudsman and won. The case is published and my compensation was £1k. I am not yet in a position to close my account with them, but will at the earliest opportunity. Perhaps give a little thought before posting inflammatory comments in future.
No it doesn’t stop you selling. I assume it forces partial closure of the short position to retrieve your shares to sell, but as these are then sold the answer is a lemon. Anyone have a better understanding?
Spymaster, sadly they recently changed their terms and conditions I.e they were forced to make it transparent that this was their practice so there is little I can do about it other than close my account and buy through another broker. It is immoral that they act for me in purchasing a share as an investment to actively try and drive down the price through a third party and potentially cause a loss. Totally disgusting. Please boycott T212
I have just received my monthly statement from T212 ( note this is a very poor company and I would urge everyone to steer clear). I hold a few ggp with them. My month end statement is showing that 21% of my holding has been loaned out for the purpose of facilitating a short on the company. This absolutely disgusts me and personally I believe this practice should be stopped. I am intending to close my account with t212 (my main account is with HL) when I am able. I would be interested to know if other holders are experiencing this either with t212 or more reputable brokers?
Hi, just looked in to see what was going off. First time for a while. I have skipped few a few messages and saw your shout out. I sold most of my holding a few weeks back as I needed the funds. Took a big hit..I only have left a few shares held in certificated form as Hargreaves lansdown still refuse to deal with these. Bottom line is it doesn’t amount to many perhaps ten to fifteen thousand so this amount may not be of much use. Let me know
I think you need to do some research. If you do you will find around the date you quote it became necessary to register an account here to read the board regardless of whether you posted or not. FYI I have read the board from time to time for years but didn’t post as I didn’t have an account registered.. I first bought shares in bloe on 27 September 2019 and averaged down later but am still currently underwater. Good luck to you with your agenda but please don’t post nonsense without being sure of your facts. PTB
Aren’t there two separate issues here. One hitting and reporting reaching target depth then secondly reporting of successful clean up and flow rates achieved. Does anyone know how long they would test the flow rates for before having to report that via RNS?