Member Info for Gary1960

Truthinbeer - just to clarify I never said that Solo/Scirocco would be buying a "Georgian start up" in fact I said quite the reverse. If you are bringing my name into a discussion maybe you could be accurate.

Would be nice if some of the posts on here were being written by grown ups.................

PH 1 ....................."Pretty Hirsute" springs to mind, the cheeky monkey.

Well said Maladoni and I agree with your sentiments 100%. Not pleasant watching the SP sliding back but it is what it is and shouting "I want an RNS and I want it right now" is not going anywhere. The company will release news when it is good and ready and the market will respond accordingly. Patience and balls of steel are required..............GLA

Hi Zebbo - I see that they (Solo) view the acquisition of One-Dyas as being a cash generator" from day one but I am not sure how a £ 20 Million raise for a company with an Mcap of 15.3 million would impact on their ability to go shopping for a second company and the dilution affect on an SP of below 2 1/2p. Also, I thought the two holders with SOLO Oil connections were invested as individuals not as a part of a company.

Possible take over by Solo Oil/Scirocco Energy.?
Not 100% sure if/why this would happen. They have recently acquired a Dutch Gas production company One-Dyas for just over 30 M Euros. The purchase is being funded by 18 Million euros of debt and the rest through a raise. Solo Oil shares have been through stormy times trading in the range of 7.15p to 0.26p over the last few years - currently they have an SP of 2.425p
I am not that well versed in the area of mergers and acquisitions - would they actually be in a sound financial position to "buy out" another company.? Their current Mcap is 15.3 million. If they did could they return "Multiples" of the current Block share price as some on here believe.? Any ideas............

Just to break the boredom while waiting, topped up with 29K shares @ 14.28 @ 5.09p happy to wait it out now.

Bungle66 - If in doubt - buy him another bike..............HTH

Yes - I believe the up and down movement is from the current SP so double figures (circa 10p) if/when a positive RNS drops. Anyway just his personal opinion.

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.

Typical, I have never won anything in my life...............Bungle66 you are in 1st position.

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

Madmanrob - Don't laugh at the purchase of 433 shares that was probably Hillybilly1 buying back in on the sly.
Talking of Hillybilly1 - he is now added to my blocked list - posts nothing but negative spin - boring.

Wasn't Janus the God of the threshold - two faced - I thought January was named after Janus - Looking forward to the New year and back to the old...........am I close.?

Nice one Exmex - I assume with a silent "J"................ LOL...........