Member Info for Gary1960

Hello Aerial - My own view is that the markets have taken a beating (not just the AIM) for a while now so everything is slow. I would expect the SP to be pretty stable around the 6.5p to 7.5p level in the short term. As you know any news of a positive nature can send the SP north at a rate of knots. The sentiment on Block has obviously been knocked sideways by recent events and the drill clean up required at 16aZ. With the next well nearly ready for spud date this could see the SP retrace back to the low teens fairly rapidly. We are all waiting for news - buy back in now and go up on any rise or hold back and try and buy back in at a sensible level. I missed de-risking my own holding but am fairly confident of where this will be going and happy to wait it out. If you want to see the heights of 14p-17p that might not happen in the next 6-12 months but who knows.?
BigBoffer could maybe advise you again - I am pretty sure he would be "upbeat" with his views on the company. I am happy to see a slow steady rise rather than "spikes" and rapid drops.

Agree with both of you the next few weeks should be "illuminating" with the expected release of operation update and any production figures ready for release. I have no expectations for the SP beyond hoping that there is a move Northwards to show the LTH's here that the stock has value as the drilling progresses. As I said I have a view of BLOCK as a "work in progress" it is not the finished item - issues needs addressed that have been mentioned here frequently enough, so I can just skip over them. (I do NOT ignore them.) As you say a great entry price and POTENTIAL for real growth in the next 6-12 month period. GLA

"The world is your lobster Rodders" as Derek Trotter used to say LOL. I do believe in the company - but draw the line at gazing into my crystal ball and "predicting" what the SP will be in 3-4 months time but something tells me it will be a lot different to what it is now. I bought 90% of my holding below 4p and have topped up as the SP has been tracing back from around 13p. I have freed up some cash so I am ready to go next week with my final top up. Then it is just a matter of sitting back and waiting - as you say if it all comes good then this could make serious changes to the LTH's cash flow. Let's see what happens in the next two weeks eh.?
BTW - I am travelling to Georgia first week in September - staying in T'blisi for 5 nights - anybody been before - it will be my first visit - anyone recommend any things to see or do?
GLA and as usual DYOR

I have tried to ignore, I have tried to block. tried unblocking and engaging in discussion, NOTHING works. From now on the block is remaining on 24/7 so the "Maggot" and his like can simply chatter to each . If enough people on here block them, then they are left with NO audience to engage with. Have a good weekend.

Hi BigBoffer -Yes - it's a strange situation to be in - with what we have at the minute I would have thought we would at least be around the 11p placing level right now. No doubt once some news comes out by way of RNS the SP will retrace northwards. If it sticks around here I have freed up some money and will have a small top up on Monday. Have a good weekend everyone.

Hawkspear - If MATAD want to know where the resident "Village Idiot" has disappeared to, he's currently over here shouting very loudly and being ignored........................

Do you mean filleted.?

Mike - No use talking about 7% when 100% of nothing is still nothing.
As far as I am aware the company you are invested in has no oil and no gas or am I misinformed.?

Mike, why do you never give the full picture when you are happy to compare MATAD on here. February 2017 their share price was how much.? Not sure .......... 37p.
As you say Mike DYOR.

Matd - What is their actual success rate with the drill.? I am not 100% sure if they actually produce or they in an extended "exploration" phase..................

Hi JR - Yes exactly what I am doing - sitting on my hands on this one - I have always viewed the gas play as the real "star turn". From the info to hand, it would look like the oil will be a secondary money maker to the gas in the medium to long term. Currently I am trying to free up some funds for my final top up - it dipped to 6.5p and I have that marked as my next purchase point. Not funny when the SP has spiralled from the teens to the mid 6's but I am confident this will come good. GLA and as always DYOR.

V111JAS this is what happens when Mr Maggot pushes too hard (20 seconds in)
https://www.youtube.com/watch?v=ZDIk7PaWeN4

Yes - I also sold off most of my other holdings gradually over about 24 months just kept a decent size chuck of my money in here to see what happens in the longer term. Should really have de-risked at the run up from 14p but it happened when I was abroad and I have simply added on the downturn my last top up was at 7.25p
and I will add again if the SP should get to 6.5p and I have the funds freed up. Hard to know what to do beyond holding cash...........which is essentially going nowhere fast. I am sure you are correct - invest in a company which has a clear program and look as if they can survive the "storms" and come out looking in good fettle.
I did hold Zenith for a while but packed it in about 6 months ago - I only had a small holding but could commit money to it long term - I hope it comes good for those who are either long term holders or heavily invested. Good luck to all concerned over there and here.

Mr Maggot is back.

Hi Sea7 - I take your point that over the last few months people have been switching from "traditional" investments and saving vehicles to gold. Since May the gold prices have risen almost 30% as the prices have spiked. People I know (in the trade) say that they now fear gold prices might be about to slip and they are quite reluctant to buy in any volume. Where do you think people will be investing if not in gold - as you say the markets generally have taken a beating lately.?

Have to keep reminding other people Hillybilly - if they are new to the stock or share buying/selling they may look at all the "Red" and think that the negative spin from certain posters is factual and think about jumping ship.

9.32am - my buy (13609 shares) showing up as a "sell" it is NOT.
I am still here - still topping up. GLA

I think someone did a "pump and dump" when you appeared back here Mike31..................

"caught by surprise with their shorts down."
Yes - apparently it happens quite often in the less salubrious ares of Bangkok.

No problems at all Flava - we are all (I suppose) investing for the same reason after all to try and improve our financial position and to have some security to fall back on if things go pear shaped. I do not know a great deal about Mongolia and the oil situation apart from the fact that the country wants to reduce exports to China - refine their own oil and to encourage inward investment to those ends. Rather unfortunate with the situation with Matad and the drill stopping..............hopefully a short term issue. Good luck guys.