“Spiked at 3.6p”.....people were buying this up to 17p before the wheels started falling off. Don’t expect any sympathy here - you have three options,
Sell up and move on, hold and sit it out or buy more and average down. I took the last option......
Thanks for posting the list I tried looking at a Non Alphabetical list (Pdf) online and nearly went blind trying to locate Block...........so if I get this right on the 26th of this month (Friday) all open short or CFD positions have to be closed or moved to 100% margin.?
Hi Hepseal - yes they are barely 3rd party companies - I was going to put those two words inside quotation marks but forgot. I believe it was the involvement (and enrichment) of Gneiss the financial advisors that got PIs backs up. Interesting to know that Ferguson is the head honcho there. More interesting to me was that there company address in London is a “gentlemen’s club” in Mayfair.
Having followed the Scirroco BB for some time I think the LTHs over there will be glad to see the back of him - in fact many have said so. He appears to have done little to bolster PIs investment and is widely viewed as having done the reverse. It is also apparent that he has reduced company’s Mcap by using third party advisors to charge extortionate fees. It is also reported that he is linked to these companies and benefits himself at the expense of the SP. DYOR
Hi Hepseal - I assume you are correct that the 3D was utilised in the formulation of the 2 stage development strategy. It is just that I thought (maybe incorrectly) that at some stage in the previous 12 months there was some talk of "the 3D survey being reported on at some point in the future" when the analysis had been completed. Would there be any need or requirement to do so.?
AJW (Or anyone else) - When would you think that the 3D seismic survey would be reported on.? I realise that the survey area was much larger to take in some/most of the Schlum acreage so more analysis would be required. However, the survey was undertaken during 2019 and we seem to have taken on a great number of technical specialists in the intervening months since .
Hi Thordon - Obviously something going on in the background - as you say seems likely someone (or a group) is building a position but have no desire to show their identity. I used the last couple of dips in the SP to do a couple of trades and add to my own holding here - currently I am in at 0.3% Showing a small loss at present but I don't think that will be the case for much longer.
Hi Thordon - I seem to be learning more and more as the weeks go by. Mind you my whole experience of Block Energy has been a 2 year 3 month long roller-coaster ride of highs, lows, nail biting worry, stress and excitement. I had not realised that there were 80 million shares unaccounted for..............hardly like loose change down the back of the sofa.
Loaning shares out - makes you wonder why that would be done.?
Thordon - Slightly off topic and maybe a silly question but I believe that JIM Nominees Limited and JIM Nominees Ltd are two separate companies - each has a separate entry at Companies House. The first; JIM Nominees Limited was a "dormant company" for a number of years ..............Also JIM Nominees Ltd (if you do a bit of digging) is a Limited Liability Partnership (LLP) . Does this mean that they have bought in on behalf of a private client or a subsidiary company within JIM.? Any ideas anyone.?