Member Info for Hms687

AGM next year we probably get announced current share price as dividends per share

How’s that sound ?

I remember the company itself said revenues should be easily £-.5M per month

Ps : forgive my atrocious spell checkers

Hi Whitenight, since you mention backside, I just wondered which bike you talk out of .

You say so will reach 0.0010 - that would equate to sp about £15M right ?

So you say we get a dead cat bounce in news - which news do you pontificate about ?

If it’s the conventional pump then how much revenue do you think that will get - per month if per year ? £1/2M per month ?

But the ESP should be producing in just 2 or 3 months time - perhaps 1000 bpd? And how much rd dune would that bring in ?

Do you own a calculator ?

AGM (not SGM) on 21st December @ 10 am

Hi Sheephatch

In the last RNS tge bit the markets didn’t like was the delay on the ESP enabled production which is now sometime in the new calendar year instead if sometime summer this year.

They did however say that the more simple pump should be operational by December meaning up to 250 bpd oil ie derisk almost completely any funding issues

We shouldn’t really worry even if there is none more news update for now but obviously we’d hear otherwise if things going awry - almost a case of no news is good news.

But having said that, a bit of an update would be good

In the RNS which had factored in the clean up, the company said they were all right with cash flow for about 12 months except for any extraordinary scenarios.

Further slight delays I’m not worried about but any more cash raise would be something else and primly get board into all kinds of legal problems for misleading

If true it’s MASSIVE.

But let’s see if volume starts to reflect that.

Personally I think it’s a bounce off the range lows

Bounce off the range lows or something else - showing over 8% up

Except that the rod pump (aka Gary) will be operational anytime very soon

And if communications team play this properly we should all be in for a very nice surprise

Ralladw: for me it’s not now the amount of oil it rate of flow that’s important. It’s the fact that so many times this company has disappointed that frankly I can’t really blame the big institutional investors coming in here until they see the proof.

Logic suggests and tge RNS suggests it shouldn’t be long - but until confirmation we are all gonna be nervous - we shouldn’t be, but I guess we’ve all got memories of this company snatching defeat from tge jaws of vuctory

Don’t really have cash flow but still, couldn’t resist a small top up at 0.001438 pence

The whole point is to get this oil up so that the company de risks and become self funding and sustainable - it cannot be underestimated how important it is to see commercial oil.

Sadly, because of repeated delays and past failures, the bigger institutions are still not convinced enough to be ploughing their investment here.

The proof is going to be in the pudding but either way we’re going to find out very soon as per the last RNS

Will definitely clear the electricity, lighting and photocopier bills not to mention wages

BUT WE NEED OIL !

A before B every time then C, D, and E

Pump installation comes first before any flow numbers

Tge much awaited pump installation- fir ne at keast anyway as I don’t take anything fir granted as far as this company is concerned. So too, frankly, will the markets

As of next week, or starting from, we could see the pump installed anytime, anyday

Both volume and share price seem to be stuck just now.

I would t st all be surprised if there was a slight tick up going into the close today in anticipation of next week

👍

You might need to wait for Valentine’s Day Slave

Fair enough, thank you all.

So first quarter for Beacon is January to April 24 - mid point is sometime February 2024 for the esp to come in play and hopefully 900bpd of oil ; that’s gonna be nice. Albeit still about three months away.

The whole financial world goes by April to April as far as I’m aware

Blubay : and the first quarter of 2024 isn’t until April 2024, and the middle of that quarter is May 2024 - that’s a whole frucking seven months away.

Make no wonder the SP is getting hammered.

Why should it take this long ? ANY TECHNICAL EXPERTS HERE ?

I do agree with Ezhik in that the company is performing exceptionally badly in many ways especially in missing some targets after having raised expectations. I seem to remember a presentation by Larry way back early part if the year when he implied we’ll see oil in June.

To date TIDAY we still haven’t and I suppose it is that which is preventing the larger investors (in the main) to stay away.

I actually am a bit puzzled why they keep us waiting in silence for so long and then they tell us oul oriduction is imminent. But still no announcement of actual oil. Games might be being played.

But anyhow - it just goes to prove how dangerous trading can be - most traders, vast vast majority lose !

I remain very happy with my hold albeit I may need to wait longer for my gold at tge end of the rainbow - but gold there will be