FCA happy no case to answer to
Gone in to profit just after accounting period . A additional £1.9 million made .
Revenue up 77% and another £8 million since the accounting period .
Had a £10 Placing just before the accounting error , now in a better place than they thought
£16.5 million cash
Gas shipping licence to add in at some point
Water contracts to build up .
LOTS AND LOTS OF NEW CONTRACTS . 77% more new contracts during accounting period and another 8 million contracts on top since then . This is huge now . Far far bigger company that when it was £10 a share nearly the same number of shares . This should go to £12 with time .
17th April 2019 ...http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BLOE&ArticleCode=syior74y&ArticleHeadline=W_Rustavi_well_16aZ_update
$1 million a month , can produce at twice that but we don’t currently have the storage , so producing at $1 million a month free cash to us that is after fees etc .
The deal is on the huge deposit the machinery the potential to have the cheapest factory in the world . Not to mention the deal on the material . Just a matter of days .
By the end of this month at the lates . I have just bought back in . I hated looking each morning for the red dot , cash rich very soon , cheapest factory costs in the world soon .
1) make the weak competition go bust
2) Take their customers
3) Slowly increase the price .
Looks like that is the plan .not nice but business is cut throat and debt free with huge cash reserve puts them in control whilst the others fight to pay interest on their debt .
Will we see a FLYB style deal sell all the assets and vote to accept a penny for the shell . As long as jobs are protected what will be will be . If a deal is coming the BOD best not get in the way like DEB and Leeds United etc .
Hive are swapping shares with us and giving us a premium value in the deal of 11.6p because they say we are under valued . Since then our BOD has strengthened and Bit coin has improved and our big investor has made friends again and is our first big customer as well .