Member Info for Gary1960

Exercise of warrant for 900,000 shares

Another one of Michael Skid-Mark's aliases to be added to the filtered list - you are a waste of oxygen.

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).

Hi Sea - Does the TRI notification level kick in at 3% for major holdings or lower.?
Cannot recall the trigger point off the top of my head.

Tsbs - anybody who thinks the present situation regarding Block's trading level is all sunshine, unicorns and lollipops is plain bonkers. I have some reservations myself however on balance I think the risk to reward ratio is in favour of my being here as a LTH. As a follow on from that, I do not think my getting on here whinging 24/7 will do anything to my situation or the current SP. Please feel free to correct me if I am wrong and as usual DYOR.

BEDEX - that is fine you are entitled to your own opinion and so am I . No doubt if/when good news drops we will be hearing a different tune from the detractors.

I am not sure what exactly you are getting at to spell out clearly so you can understand.
MY VIEW IS THAT SOLO OIL WILL NOT MAKE A TAKE OVER BID ON BLOCK ENERGY.

quote "WOULD THEY ACTUALLY BE IN A SOUND FINANCIAL POSITION TO "BUY OUT" ANOTHER COMPANY.?"

So "YES" you have misread what I have written.

Bedex - you are correct the sub 3p was my opinion of where I believe you would like the SP to be headed.

Bedex - we obviously disagree on the viewpoint here. I am invested in a company that is still in the "growth phase" which went through the IPO process and attracted attention from an early stage. The idea of drilling 5 or 6 wells either as work overs or new drills without any issues or problems is to say the least far fetched given Georgia's complex geology. There are a lot of works in progress at the minute and I am happy to wait it out. For whatever reason you think the SP should be sub 3p - I do not agree.

Hi Sea - yes it hadn't gone un-noticed that the "Knocking Crew" as I called them had obviously filled their boots with cheap shares gifted to them by nervous or impatient PI's and then sold off at the point of the spike which was pre-empted by the Update RNS's. Mind you my take on it is that this will be a distant memory once any good news crops up where resources turn to revenue/income, the market responds accordingly and the SP heads north.

Hi Sea - yes there have been successive "waves" of bashers attacking the share and driving down the SP with resulting negative sentiment and "cheap shares ahoy". From memory I started buying in here at the tail end of 2018 the halcyon days when I was paying around 3.2p. Bought more as the SP retraced from 14p and messed my average up. Like some other LTH's I misjudged just how far the SP would retract but hopefully these events will be history once Block have some of the "issues" addressed.

Hi Sea - I think you have summed it up very well. The pattern is clear to see - low volumes of sales, large buys now and again - no TR1 released - pros loading up with cheap shares ready to sell on the rise with any good news. Things seem to be primed and ready to go - there is obviously a head of pressure building up in here as people pop up to let off some steam and vent their anger at PH and the BOD..............it all adds to the mix.

Maladoni - I am with you in not looking to average down - I added some at just over 5p and that is my final top up. If I was looking to average down to a decent degree I would have to buy so many shares it would leave me w--a--a--y--y over exposed. As it stands I have a large holding here and will just sit it out - never been looking for a "quick buck" and just as well given the SP.
GLE and have a good day - now get out there and vote.

Just for some balance there are an estimated 821,000 millionaires resident in the UK . There are also 151 billionaires. The total number of homeless people in 2019 within the UK is estimated by the charity Shelter to be in excess of 320,000 - in 2009 the number of homeless people in the UK was just over 40,000.