Member Info for Dl1980

https://www.bloomberg.com/news/articles/2020-03-05/china-plans-to-approve-developing-giant-simandou-iron-ore-mine

Pretty exciting here... If the deal is signed this little puppy will **** directly on the pad! Looking at funds with similar assets under management you can count in the high-high tens of millions. Problem with this is short sighted traders.... couple of quid! / pint for a punt mob. For me this represents a big bang.... a retest then and then the real world start buying! WE HAVEN'T HAD THE BANG YET!
Best thing to remember is our main market listing should open us up to many sophisticated investors who would avoid AIM like the rat trap it is. Nice to see a young company pushing forward with integrity! Well done ALGW boys.... Show us your metal!

Mix.....

Absolutely howling here! ;,,

Great points! I have a feeling that they wont publish the register until after the vote. Doubt they would willingly tell you that you hold the TRUMP card. God forbid that the great unwashed private investor could block the vote and spoil the fat cat party! Looks like they are holding us here until they get the vote through. Could see a slight ramp pre vote (just to do some more forward selling) but don't expect much as they will sell heavily into any rise. Once they get the vote through they will start to ramp the price to clear the billions of shares and move on to the next group of mugs. By this point existing holders will be diluted to nothing when they could have easily raised funds by many other means without causing total value destruction.
Sefton and his gang must have been rubbing their hands when they managed to bag Liam into this. A guy with a great track record, bags of potential, history of success and either too stupid or naive to understand these complex financial agreements that dilute and destroy equity for everyone apart from the lender.
He probably doesn't have a clue how much damage he has done to himself and how long this damaged reputation will last! Bet the rest of the unilad boys are loving watching this. Shame as with the proper shell and advice this would have been sitting at 20m+ mc. Just on his previous history. Be lucky to get a pawn ticked on his nintendo after this mess!
Perhaps its time for the PI to grow a spine and say no to the dilution of our business for the gain of one fat cat!

They cant TR1 about forward sold shares as these shares technically don't exist..... yet! They will have to wait until the new shares are issued (after a successful vote) then balance their position using the oversupply of new shares, only then will they notify..... if needed.
The creation of new shares is commonly used by forward sellers for liquidity and allows them to unwind forward sold positions with all the lovely new shares dumped onto the market. For most PI's we just have to sit about and get smashed to bits in the process whilst the funds and the big boys make money on the turnover of shares whilst passing them on to unsuspecting private investors. The only way these things ever work out for PIS is if there are collectively enough PI's holding enough stock to block the vote and stop the new shares being issued.
For a fund or individual to forward sell a share they "borrow" shares. Basically these shares don't exist (hence not having to report) but some brokers will lend shares to people who make bets that the share price will increase or decrease. Pis are usually under the impression that a stock can only be sold once...This is correct but they can be loaned many times over. Problem with loaned shares is that to sell a loaned share you will have to buy it back at some point (you don't own it and the person who does will want it back).
With the expansion of shares in issue the forward seller can easily unwind the forward sold position matching one (fake) borrowed share for one newly created (real) share. The fund is happy they have balanced their position, they have made loads of cash riding PI's without any lube and your broker will have made some cash from loaning out your stock (without you ever knowing). Everyone is happy!... Apart from us mugs who have been left holding the baby.
This has been done over and over again yet so many people still fall for it.
The only way this situation ever benefits PI's is if the resolution is blocked and the vote fails.
If the vote fails then thats when things get exciting for the PI and it creates a massive headache for the forward seller as they will have to buy back stock that technically doesn't exist. If no one sells then the price starts to increase to try and encourage sellers. This can have a massive impact on share price and cause many problems for the short seller. Some companies have risen hundreds if not thousands of percent as a result. Sadly the regulator usually steps in and suspends the share to allow positions to be unwound and "maintain an orderly market"
Orderly market my ar@e. Happy to watch the big boys grind the PI to dust but always happy to move quickly when one of their mates is taking the pounding!
I have a feeling that the reason the company are holding onto the share register is because there are far more private investors than people who will benefit from this crappy dilutive funding proposal. Im certain Sefton will block release of register until after th

Whats exciting?
We hadn't had any negative posts from you in almost 12 hours....Having had 9 months of them i felt that was exciting!
It baffles me that you somehow feel posting negative comments CONTINUALLY is actually going to benefit you or any other investor and i am utterly perplexed that you cant see how damaging your constant drip, drip of misery is and the effect this has on sentiment. We all know not to use bulletin boards as investment advice however they can be useful as a tool to gauge general sentiment. This board had been completely hijacked by you and you Victim mentality. You bought the shares, you pressed the buy button, you didn't understand the risks or process of buying a shell company, you didn't know how long this would take, you decided not to sell, YOU YOU YOU! Now you want everyone else to suffer as a result of YOU.
The person who goes to a restaurant - doesn't like what they order then tries to spoil the food for every other person in the place. Almost every single person on this BB for the last 9 months has been gently trying to tell you to stop with the negativity. People have been polite with small nudges to encourage less negativity from you. You clearly have missed these polite nudges so i'm going to be a bit more obvious and say PLEASE SHUT THE F* UP WITH THE CONSTANT MOANING!
Something to be positive about-
We have a new business
We have cash in the bank
We have a revenue Stream
We have a tiny free float
we have large institutions buying in the OPEN market
we have an excellent opportunity in a growing sector.
Hopefully, we now have a message board that is full of people who can be patient and objective rather than constant whining because they cant cope with the decisions THEY made.
Hope this helps to outline why i am excited!
I have said this before aim - Judging by your posts you are reasonably inexperienced with the market. We all have been there and with the right approach we can learn a great deal from each other. If this has been your first bad experience with a company then be prepared as this has been a walk in the park by comparison to many public traded companies.
We have a new start. Day one all over again. Please have some patience and you may be rewarded.
Thanks

This is starting to look a bit more exciting! ;)

This always happens with new companies. The price usually slides until the market finds the sweet spot. Then it usually starts to move properly. Most IPOS usually drop unless they are priced incorrectly (royal mail)
Give this a few weeks, some PR and a decent sales pitch it should start to gain traction. Global economic jitters wont help (initially) but if the revenue figures quoted are correct we should see the market catching on to the value and price the business appropriately.
Clearly someone in Canada is optimistic and two million quid is certainly not a punt!

Looks like the Canadians are interested.... Just spunked nearly £2million to collect almost 10% of the business. Cant be much free float left now.

Wonder what these guys know?

HAHA!! "We need people to pump this" says the person who has been consistently using public bulletin boards to run the stock down for the last year. Oh my days..... HeHeHeHeHe.

Laughed so much i just dribbled!

Less regulation on AIM and fewer hoops to jump through when raising cash. Aim is usually better for newer companies that may need to raise cash or require more flexibility. Can be a good or bad thing for investors but for new companies it seems the most sensible way to go. We know that there will be a raise here and on aim the company can do it without having the extra admin expense needed for main market.

I hold here! I also think this will come good! Was disappointed by the financing and had an average of 40 prior to the drop. I have averaged down and am committed to seeing a rise. patience will pay with the uni lad boys but i do have issues with the back end of the donkey. Please dot think i'm trying to scare people as that couldn't be further from the truth. This stock will do well but there are some issues that need to be addressed and faith restored. This will come with contracts and revenue.

Same idea but different. You are using shares you don't own or you are using shares that don't exist. When i learned it was possible my head nearly exploded. It's a shocking practice but it does happen. I thought it was illegal but someone pointed out its not. i agree that it should be! Would clean up lots of crap financing deals.

Do yourself a favour mate and take some time to read up on forward selling! i assure you that you can forward sell and people do. You could have saved yourself some time by googling New word oil and gas rather than claiming a fact that is actually a fiction. Have you heard of the words short squeeze? this is what happens when forward sold stock has to be bought back without enough shares on the open market. It works on the same principal as shorting eg. selling a share you don't own.

Actually you can forward sell. It's illegal but it seems to be a common practice with some dodgy funds and private investors. Great when the shareholders block the approval for new shares as the price usually explodes as they (dodgy funds) scramble to cover the forward sold positions. NWOG (New World Oil and Gas) was a great example of this. Worth having a look at for more info on forward selling

I think pumping out an RNS last thing on a Friday, when most are already in the pub or away from their desks, is a crap idea. Keep it for the start of the week. Gives the market more chance to react.... more people, more volume, more demand, more money!
Patience is the key to a good price here. Extended foreplay can lead to a better outcome so don't peak to quick boys and girls!

Aim, Can you do yourself and the rest of us a favor and stop the negative chat and comments. Had the BOD spent all the cash on coke and hookers I would be right behind you however they have not. In fact they have managed to maintain almost all the cash and that gives me a huge confidence boost in the motives of our BOD. It is clear from the RNS, any daily newspaper or financial site that investors are being cautious due to the political landscape. You only need to look at the small cap resource sector to see how tough it is to get finance at the moment.
As it stands we are back at the starting block however we now have evidence that the BOD are in this for a result rather than a salary and golf club membership. They clearly don’t see BLOC as a way to cream cash off investors and we now have an idea the sort / size of business they are targeting.

We have over £1m in the bank and a market cap of 900k. We have a competent BOD who have experience doing deals in 100s of millions range and we have a main market listing, that alone has significant value, and only 30.5 million shares in issue. For investors who are used to buying cash shells this looks like a great opportunity. The best way for you to get back to the 9.5p buy in would be to get behind the BOD and accept that things take time and the outcome of the financing for the last deal could not have been foreseen. If we keep hammering the bulletin board with negativity then we have no chance of attracting buyers.

No one here is interested in pump and dumps. People have invested cash in BLOC because we can see the potential in the management team. These guys have a long list of successful companies under their belts and have over the years created spectacular returns for share holders. It is for that reason i continue to build my holding. Investing in cash shells is not for the faint hearted and things can take time to negotiate but i firmly believe that this will explode given some patience. The BOD are not some snotty little posh boys right out of business school! They have done this before and are well respected for it. This history and network opens the door to much larger deals that will be to the benefit of BLOC share holders. Personally i am expecting something many times of the current share price.

Every single day you share some negativity. I have said it before, you could turn a lottery win into a negative. From your previous comments on this and other stocks it is clear you haven't had much success on the markets but you make bold statements like you are some sort of guru. So its the market makers that are pumping this stock now? are they pumping it to each other? no mention of #bloc on any of the usual pump outlets - If this was being pumped it would be all over Twitter, Facebook, this board would be buzzing as would all the others. Your claim is not valid and your constant drip of negativity is not welcome. Perhaps if you spent less time talking down your "alleged" investments you would fair better at investing!

Aim higher.... Do us all a favour and sell up. Your constant negative drivel is pathetic and your motive is obvious.