Member Info for GoldenI

Dr Cooley has increased his holding quite considerably to just under 10% - I hope that will settle a few nerves and that we can now see more positive movement in the share price. Hopefully the corner is now well and truly turned.

IMHO

Tuan6

28Oct24 RNS did make some form of update...

"With respect to an update on Texan oil operations, a separate news release on this specific topic will be made when the rig arrives on site. Our partners there have been going through the arduous process of changing operatorships with the Texas authorities and changing banking mechanisms, but we are hopeful to see them on the ground within weeks."

You do certainly feel that this has fallen too far - but then issuing more shares at .11 was going to be unhelpful, unless the investment sees a rapid and dramatic turnaround.

Worrying to see EOA here with what appears to be a new acronym....

IMHO

Share Price appears to have a disconnect then.

I can think of few companies as allergic to positive trading announcements as CPX appear to be currently.

PPP ?

When should there be an RNS to update on results of drilling? If work commenced early August, that is already a couple of months and counting.

... or at least INDICATES that there should be significant income, worth reporting by RNS. Hopefully more news of how the current year is progressing when the Annual Report is provided towards month end.

Whilst some say that there are no specific revenue figures provided in today's RNS, at least it does state that the contract is expected to generate significant revenue in the year to June 2025, so at least that is something to be positive about.

Holding!

Disappointing morning on the price

RNS 9 September

The Company's audited results for FY2024 are expected to be released on 29 October 2024.

How would that sit with Schurter?

HE1 invested into project and not company - so if Blue Star get more capital, that should technically help rather than hinder.

Wyndrum

I can see your point of view - but how long will it have taken to put that deal together?

Would they have had sufficient detail from the Tanzania drills to know the outcome there?

I do admit it is a little confusing.

Looks like it Matt.

If so, rather an immature and ill--informed performance by the BOD.

The market says they could have got a better price - their advisors are clearly too strongly in the corner of the placees.

IMHO

Apache

Did the RNS for the fund raise not show the Blue Star well costs being included in the use of those funds raised?

Jwoz

That is also my reading - and why I would anticipate that they would hold. But with no restrictions as to time on the holding, we cannot be 100% certain. Notwithstanding that, all of this talk of churn and forward selling could well be misinformation, IMHO.

Does anyone know if the new shares will be held or sold soon after issue ?

Answer - probably no - IMHO.

So it rather seems to depends on whether you ant the share price to rise or fall as to what your opinion is.

In truth, who knows?

Price is completely bonkers and all over the place - what is the real value? who can say!