Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am afraid until the New Year looks, like we will be yo-yoing around the 4.5p level until the next RNS. My absolutely last top up was at 12.17 for 21K shares at just under 4.6p Like some others I am having a break from the board for a while until the New Year - have a good one everybody and "Good Luck".
Well I think that we have covered all the bases here - there is obviously a great deal of information to look forward to from the current work over programme and the deep gas drill to come. Obviously the absence of information has led to speculation of all types and for the "trouble making fraternity" this period of time has been a Godsend. Personally - I do not mind people taking a down beat view of things or not singing Block Energy's praises - it is all part of a discussion. What I do not is people with little or no financial interest in the company monopolising the board with antagonising or ignorant posts.
VIIIJAS - I think you have summed up the previous state of affairs very well. Bedex - for you the current situation is one where the glass is half empty - that could change in an instant - all it takes is a couple of knock out RNS's which could appear early next year.....................As always DYOR and GLA
Who exactly is posting "strong buy posts" as you put it. I know several people (myself included) who are heavily invested and have a positive outlook on the companies future. However I have not seen any blatant "buy, buy ........buy" posts of the sort you seem to be referring to. As for posts going missing - I know that when people were on here giving nuisance posters (like Mike31) a verbal bashing quite a few of these posts were removed. Most likely that was because they had nothing to do with discussions about Block Energy. As far as "Policemen" go I have only ever reported two posts - both were by the same person and both were what could be best described as "vile filth". But as usual DYOR............
My guess is that it is yet another (y-a-w-w-w-w-w-n-n-n-n) incarnation of Mike "Skid-Mark" 31.
I have noticed that whenever MATD is suffering - he seems to pop up over here trying to cause trouble
under different user-names. Obviously trying the spread the misery to lessen the stress he is most obviously
under - a while back MATD was at 8p now they are at 3.1p - as usual DYOR
Gary Newman buys more of the shares after he reads the RNS:
Gary Newman
@GaryNTrader
Added some more #BLOE, saw nothing on that RNS not to like and hopefully 38 is completed more efficiently than 16 was - I still have doubts about the wells longer term, but would expect reasonable flows, at least initially and enough to excite the market to some extent
Had a quick look at the reynolds number and flow rates. Looks like the reynolds number is derived from a complex mathematical formula that looks at the flow rate (speed), diameter or length of pipe, viscosiity of fluid. The resultant figure can be used to group flow rates that are either:
1. Laminar (orderly) reynolds number below 2100
2. Transitional - reynolds number between 2100 and 4000
3. Turbulent - reynolds number greater than 4000
Turbulent flow rates are often seen as random and chaotic as they are at an extreme end of the scale.
HTH
Off topic - just looked at that video - the guy in the peaked hat with the moustache looks like Blakey from "Off The Buses".
It sounded a bit muffled but I am sure he was singing "Nitro-mors strippers they work well".?
We are all aware that any form of update from the company would be greatly appreciated. The difference is that the majority of us are not on here moaning and groaning about it at every opportunity. As usual DYOR.
Is quite obviously unsettling some people on here - the doom and gloom mongers are shouting quite loudly that there is a stack of bad news waiting to be unveiled. The rampant rampers are shouting equally as loud about "10 baggers" and tips to the moon and back before Christmas. I am trying to take a balanced view - I am heavily invested here and I am NOT adding any more as I feel that would go beyond my own comfort zone. Do I "Give a stuff about the next man" ? Well my view is the next man should make his own decisions and live with the consequences. If you cannot cope with that then there are lots of Building Societies offering 1% interest on your money. As usual DYOR
Looks like we can look forward to more people sleeping in shop doorways and long queues at the food banks. Corbyn was never going to win the election - he was a "dead man walking" just none of the executive committee could tell the truth, that he and Labour policies were unelectable. He is however a man of great moral principle who would have done much to address poverty in one of the top 10 richest countries in the world. Boris on the other hand is a womanising buffoon and a laughing stock on the world stage. His answer to dire poverty and homelessness in the UK would probably go along the lines of "barricade all shop doorways" or "let them eat cake".
Hi Hepseal, I follow a good few of the "oil and gas pundits" on twitter and other social media - happened to see Mr Newman's contribution and thought I would post it on here as obviously it is something to note. Yes as you say the tweets from him (and others) seem to simply ignore the gas all together. The company is called Block ENERGY not Block Oil - As many have commented on here before the gas is the main course the oil is simply the entree. Once the initial gas is being sold through BAGO and a deep gas drill is underway things might begin to look very different.
Just spotted on Captain Bird's Eye (Gary Newman) twitter feed this tweet.......
Taken a smallish trade in an oil/gas company that I'm definitely not a fan of from an investment point of view, but could be due news soon and as long as it is perceived as positive could do a decent move. Not going to name/ramp it, but paid 4.7p!
https://twitter.com/GaryNTrader
As I said DYOR - he was here knocking seven shades of sh*t out of the company a while back.
He apparently hates it so much he went out and bought some...............
Hi Sea - yes an interesting set of companies that they are invested in - covers quite a range of commodities,goods and services. I decided to "invest direct" when I took some of my money and invested it in here - it has been a bit of a rollercoaster ride but I am still of the opinion that block can come good in the end. Before I am acused of being a ramper - I am not advising anyone to either purchase Block shares or to increase their holding. As usual DYOR
Have a good weekend everyone.
Hi Sea - yes the 27,272,000 at £ 3m was the second tranche of shares they bought during the accelerated book build (placing) so they bought in at 11p per share. Having said that they are pretty savvy at investing on the aim market from memory they were the top venture capital trust in the last couple of years and they have a significant holding in here. I have invested with both Amati and the Aim VCT in the past never invested for long enough to see what the longer term returns were like.
Hi Sea - Did the Amati Aim VCT not add to their holding in Block during the accelerated book build.? If they actually added a good quantity at 11p per share there iss a good reason to keep holding. Happy to report my average is not in double figures but it could be better.
Not 100% sure - they published half yearly report today showing the top 40 companies they are invested in and BLOE was not on the list - They show around 12% of their funds invested in the Oil & Gas sector but I could only see larger figures for holdings in Eland and Rockrose. If they are buying BLOE it must be at the lower end of the money range (below £ 500,000).