focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Doc's last podcast mentioned the current situation with Block Energy but it cut out after less than a minute so we did not get the full low-down. I tweeted Doc and asked him if there was any transcript that he could tweet as a summary. Here is his reply to my enquiry:
"No transcript and wasn't pre recorded -The gist is positive noise from the city and at this level there's probably 1p of downside Vs 5p upside +"
Make of this whatever you want. As usual DYOR and GLA long term holders.
In my ISA holding I am down about 60% - I think that would be pretty hard to beat. Have not worked out the cash loss figure as it is just too painful to look at. It remains a paper loss unless I am a forced seller in which case it will be really painful. My outlook is now based on holding these medium to long term, as I believe there is value in the company which will only be realised with the passage of time and I can wait..............as usual DYOR
You probably should have at least read some of the previous RNS's and some of the content on the BLOE website, BLOE twitter feed and maybe even read at least a few pages of the CP report before making any comments on here. We are (largely) a friendly bunch but when a newbie turns up spouting a potent mix of bunkum and hogwash it doesn't go down well. For someone who says they are invested in here I find the content of your posts to be at odds with an investor viewpoint IMHO but as usual DYOR.
Bloody annoying that the sound cuts out after a couple of minutes. Looks like the "Radio Silence"
even extends to internet based share pundits and their punditry.............
Have a good weekend everyone.
Hi Maladoni - I just though it was an interesting angle on "how to invest in difficult times". I take his point about adding to your stock holdings based on company fundamentals and taking your time.
Walter White and pipe dreams - being Irish I thought the article was good craic (crack).
By Jim Cramer of CNBC's "Mad Money" - quite an interesting read and one that might be of interest to some posters on here - his key points are raised in response to large drops on American markets as the trade war between the Us and China has been heating up and stock prices dropping.
His main points are these:
"Nobody every made a dime panicking"
"Slowly adding stocks with good fundamentals puts you in a good position when the smoke clears"
"If you are an investor who wants an income then dividend stocks are the only show in town"
Anyone wants to read it here is the link:
https://www.cnbc.com/2019/08/05/cramer-time-to-slowly-buy-stocks-nobody-ever-made-a-dime-panicking.html
Have a good weekend everyone.
Hi Rob - I know the lack of news is a pain for many people - however it has been said before - the last time the company rushed out news it did not end well and it did nothing for the underlying sentiment towards the SP level. I invested in here over a year ago and have seen the SP yo-yo wildly so this is still a "volatile" share. Having said that I also have a LARGE holding here and I am confident that if things go well then the risk to reward ratio is a good bet. Others standing on the side lines slinging mud might think they are being clever but hopefully they will be caught with their trousers around their ankles. GLA
Hi mate - I am also holding some here on a paper loss (in my ISA) so I know it is "uncomfortable". Having said that if the expected news is actually game changing then the SP will head north at a rate of knots. I averaged down myself when the SP hit 5.00p and will wait it out to see what happens. II's bought in at 11p so they must have some faith that this will produce the goods. NO one on here will tell you this has been a pain free share to hold long term but if the balance of risk/reward is right then it is one to hold. Good luck to you also Bill.
Some weeks ago you posted this on the board:
(Quote) The bloke is a nutcase been doing AIM since 2009 and never known any poster quite like it . Most say there bit and move on after a week or two of deramping . Think the FRR/MATD mess up has screwed his mind .....
I seriously think you are in danger of becoming the thing which you despise. Just to point out the obvious - no one is forced to buy shares here, no one is forced to sell at a loss. You press the button ..... you take the outcome ...good or bad. With your constant bleating and whinging you are becoming a bore.
Hi Cautious11 - you will probably win no prizes for dissing AJW but I understand the frustration over the lack of information on how Schlumberger are performing on the ground as they are geographically close to Block. The only thing I could find online was a press release from Bloomberg relating to poayments mde by Schlumberger to both the Georgian Government and GOG. The figures can be viewed here https://www.bloomberg.com/press-releases/2019-03-26/scl-schlumberger-limited-reports-on-payments-to-governments-for-the-year-ended-31-december-2018.
This only covers the period up to the year end of December 31st 2018 so it is a historical snapshot. From what I can see it shows a "payment in kind" equal to 55,857 barrels of crude oil. Would this mean that their production was just over 1,000 barrels of oil per week.? if so, on a full 365 day production that represents 153 barrels per day.
Apologies if this has been brought up before. HTH.
Coming in fast and furious ..............makes my 200K purchase the other day look a bit on the small side. Anyhoo - I am really looking forward to seeing what comes up next week. My retirement party is still on hold. but you never know - good luck everyone.
Stew909 - I have been watching the SP closely and I agree with you 100% - in the absence of news or substantive updates there will be a drift downwards in the SP. I am of the opinion that before Xmas we will be buying MATD shares on an ASK of 3p. Anybody who knows the company and it's history will be looking to buy in around the lowest point and hope to see some uplift in the SP in the short to medium time frame. Personally I see MATD as a good choice for short term trading and will buy in again as and when funds allow. Having said that I do wish LTH's good luck - if the SP suddenly spiked beyond my buy-in level that would be excellent for people who have invested here for long term returns. As usual DYOR.