Member Info for Dubliner

Min 11th Jun 2018 RNS

The Company is pleased to note the commencement of dealings this morning on AIM of Block Energy plc. Sunrise holds 466,474 shares and 39,199 warrants as the result of an historic transaction. Each warrant has an exercise price of 12.5p and expires on the 10th anniversary of admission.

Unless PC has sold then worth £40k ish at mo.

John yes you got it. And yes tried lots of Woods and Salopian brews, Oracle a favourite of our old boys after bowls. Light and citrusy yum.

Glad it's over. Nice couple pints of 3 Tuns in Shropshire local (johnpwh will know the brew) and stuffed £5 into RNLI plastic lifeboat shaped pot ref foil guess. Good weekend all and waiting for the dirt being dished from Niort.

Sam, thanks for heads up. Just googled for more info and find definition below;

1. A small tract of land on or contiguous to a watercourse, suitable for the erection and operation of a mill. [Cases: Manufactures.

2. Mining law. A small parcel of nonmineral public land (not exceeding five acres) claimed and occupied by an owner of a mining claim because the extra space is needed for mining or ore-reduction operations.

Would never have twigged about entangled being related to Genesis - great album and excellent track. I started with Duke then worked my way back.

Really though catching up on posts and read ADUKs comment about snowball effect. Now that has hit the nail on the head for me. Have been here for heading up to 5 years and it has been peppered with excitement, disappointment but mainly a lot of waiting. The irony is the S.P is not much ahead of my original purchase when MCAP was circa £200M so that shows what dilution does. Anyway very positive and also looking forward to RT being interviewed.

Thanks AGEOS for your reply. I probably said before but it was your posts on Bay State that alerted me to SRES. There have been disappointments with that project and the Diatomite but am ever hopeful that PC can pull this off.
Will be relieved when the Plan of Operations is submitted here.
Actually was tidying up iBooks on my iPad this morning and came across the feasibility study for CS. There has been a lot of progress since then. Re-reading it was most useful is all I will say.
Good luck AGEOS with your investments.

AGEOS thanks for info on Geofortis. I reminded myself of your posts on SRES and you said nothing regards our end Oct update with successful bulk trials for Pozz and Perl and forecast production volumes for both products. At the AGM Patrick confirmed he thinks these numbers are realistic. Interested to hear your views.

I just picked up 2M more of these as that NGS news is a positive.

SGD, guessing PC is / was expecting Pozz prices to firm so maybe not rushed to sign deals.
Decision time, do I buy more...

Thanks for updates SGD27..

Hi SGD my understanding is SRES plan will cover multiple scenarios like the investment options where we process on site and we know that opens up the market for our products. That suggests to me that something like ratio of Pozz v Perl should not be something that is critical. Especially as you say Perl can be used as Pozz.
It still feels to me that there is a sequence to this mining permit and our plan does not yet have to be issued so they probably holding it back until it is required. All guesswork though.
Some news would be nice. AGM was one month ago to the day.
The news on the power plant seems to be going the way of closure from the info you guys posting.
GLA

Wondering if Denmania is anything to do with a certain horse that was pretty good or not at all?

Yes noticed.... comments are there seems to be a few buys this morning.
I notice some of the negative peeps are quick to post when we drop but are absent without leave when we rise.
Other than that not getting too excited yet. .02 is good when you have 25M shares (I do !!) but hoping for more than that.

Been awake since 4.30am and saw all the stuff on HC, read all the posts. I was annoyed enough at the mixed messages from KOD in our last RNS (dates versus recent interviews) and would be bloody apoplectic if I was invested in BGS with a plan that says FID by H2 2020. Theresa herself would be proud of that can kicking display.
This is not a pop at you Daz or BGS as it shows how little we can trust these guys to do what they say and I hope we don't follow their lead. To think someone here was reckoning Production in 2019 - at least he has gone quiet.

Answering my own Q the RNS confirms SC number shares unchanged so they dropped to 27%
At least my calls somewhere near!

How do we know SC were not involved in the placing?
And if they were not how did you calculate a drop from around 29% to 23%
By my simple reckoning it would be 6% of their 29% so a drop of around 1.8%

So the dates in the Proactive interview are back to those given by SZ rather than today's RNS.
Great comms - not.

Am not blessed with the greatest of patience so not sure about FPSO this is now FPMO

Minor correction £18.6K to buy Tranche 1 warrants with exercise price of .14p.
Hope it helps.

Both, warrants give you the right but not the obligation to 'buy' shares at a certain price. So when each milestone is hit by SV he has 5 years to buy them. In the case of warrants 5 years is quite a long period.
In theory SV can now buy any of the Tranche 1 shares but only those at .14p are 'in the money' (less than current SP). He would need to 'cough up' circa £16.6K for them and he could then, if he chose to, sell them.
Assuming Steve is not short of a few bob my guess is he will do nothing until at least Tranche 2 trigger (mining license awarded) then may buy all of Tranche 1 and 2 warrants assuming SP is North of .38p the highest exercise price.
In summary if SV meets his goals and the SP increases as it should he will have a very nice holding and make a handsome profit when he sells those shares.

Hey up Sam, wonder if that purchase earlier was in any way linked to this latest development with Navajo.