Member Info for Janiax

It's about time we had a good day, this has been under valued for too long.

H2 drill results coming soon, and still not priced in if good.

H1 still producing (only stopped temporarily for part of the H2 drill)

Plenty of cash and a revenue stream with gas prices still high.

I still need another 60% to break even, but am very confident we will be back to 9p soon and if we have a good result it could easily go soaring past that again.

Nice rise Ladies and gents.

Hope some of you managed to get some good profit and others are soon able to be back in positive positions.

Unfortunately I missed this one, as still waiting for IOG to recover.
Had a bit today but hope for a 40% day like you guys got here soon ??

Well done Itsagame.
Very sensible to secure profit when you can.
I'm still needing 0.85 to break even as I bought in early before the vote results and missed the 1p spike before the fall.

Hoping to reclaim soon but not looking for profit anymore.

If you're into Gas exploration, IOG is looking to pick up a bit before a drill results. Might have 10-20% pre results due to a massive drop earlier this year.

Well I've just added another £3k @ 4.75p still got an average of a little over 9p but feel confident we should see that before the drill results due to FOMO.

I may slice a bit but tempted to just leave it until 12p+

Had a look, saw it at nearly 100% up, then drop a bit and thought... no not today whenever I do something like this I lose 50%...
And now it's up another 20-30%

Good luck.
If I had brought it would be crashing ?? Rofl

So, with H2 drill in progress and H1 still producing, what do people think could happen over the next couple months?

I feel that currently there's very little success built into the price.
If this drill is unsuccessful than the share will probably drop another 50% to around 2p
However it's already dropped below fair value imo as there is a revenue generating asset already.

If H2 is successful however this could go back to 10p+ pretty quickly. Although there's likely to be a lot of profit takers selling out if this starts moving upwards.

What do people think the chances of success are atm? I'm pretty hopeful that there's a high success chance and things will turn around soon.

Would be interesting to hear what others feel.
I'd love to see 12-15p so I can recover my losses on this.

Good luck all holders. DYOR

@Coldspy

I see LBE is up a bit, are you still hoping this goes to 3.7-4.1 for your return?

Blythe H1 is still producing (when not **** down for H2 drill work)
Revenue stream is active and generating more than current MCap
Cash in bank is more than current Mcap.

Southwark disappointment and delay has caused an overly aggressive drop here.
The drop took the Mcap below 50m which saw II's sell off en mass as they don't usually hold low value companies.

This company has a lot more value than the current Mcap.

If it builds before results and manages to get back to over 50m Mcap there could be new IIs coming aboard and the shares could go up steeply. A successful result and increasing production would then see another healthy rise.

However, sentiment is not good currently and the price is likely to stay in this region until production is known.
Even if this fails the Mcap is low for asset's, but if it fails it will still halve again.

I could really do with the former and seeing this at 12p minimum again.
But still seems like a dice roll currently.

Good luck all
DYOR

I've heard before in other shares that institutional investors don't start purchasing positions in companies with Mcap below £50m.

Not sure how true this may be, but if it holds any weight, is it also that they have a cut off for when the Mcap drops?

If so then when they MM's took this down on the first bad news as it dropped below £50m Mcap it's likely the institutional investors are just selling because of it being too low Mcap.

This has had a compounding effect as they sell large % out which, with the second piece of news gave this a huge drop.

The more recent update has great plans going into the next few months, but the triggers had been pulled already and until the II's are gone this will struggle to recover.

Mcap of £25m while having £30m cash and still producing at good rate is an abnormal place to be.

I see a slow recovery until the next positive news, but when this gets back to £50-60m Mcap then II's will be back.

Then again as per my post earlier I did add more, so screw the facts this is dropping another 20%

Well I managed to free up those extra funds and add in at 4.71 this morning... not a lot to some but a chunk for me.

So knowing my luck this will drop another 10-50% now...

Just hope to get back towards my average which is now around 10p over the next few months.

They are still producing and making good profit so the Mcap currently is ludicrous.

Well I've decided to free up a bit of extra cash to buy more, but it's going to take a couple days, so I'm positive that one of 2 things will happen now:

1. This will go up before my finds become available.
Or
2. I'll buy extra and this stock will go down again as the funds I left start to rocket

Lol

I don't think we need a spike here.

We need steady continuous rise towards the expansion of Blyth to give a better base.

3-5% days steady for a month would be fine to get back to 10p before news

For many of us that have a higher average (mines around 14p) this is a really good update to see what's on the horizon and we should see a good increase here over the next 6 months.

But the fact is that it's going to take time to come back from this level.

A lot if recent buyers will be trading and take their 10-20% when they can.

This is expected and due to the timeline not surprising that traders will move money from here now with a few to return before the news of the drill.

I see this having a very slow increase over the next couple months, but think that we are definitely close to the bottom currently and won't be selling any myself yet.

We have to remember and reiterate the positives.
Blyth is still producing and making good value.
There is enough cash held to carry out the plans without the need for fundraising.
As new investors start coming in for the upside less will be available as we approach the drill and increase in production.

The spike up could happen anytime in the next few months and these low levels will be history again...

But for now I think the timing and recent traders coming in low will keep us stagnating for a month.

Would be nice to get an RNS with some YTD sales from current production and see how much extra cash is being generated.

Good luck all.

If this closes over 4.7 I'll be as happy as I guess I can be currently.

Need some good positivity from the next updates to recoup back to 10p +

Just something to say that revenue is still being generated and there's no going concern for general operations would be nice.

Wish I still had some available funds to add, but I used what I could at the last drop, not expecting a further 50% bargain applied.

Hopefully this will come back up to 8/9p soon and then eventual my overall average around 14 :)

Over 1,000 trades by about 10:30 today, and if the numbers are correct from this site, currently over 75m traded...
That's nearly 15% of the company.

A lot of people are now either sitting on pretty substantial paper losses or have cut them and ran letting new investors (gamblers) in at a pretty low value.

Twice this year it's opened a very large amount down rather than opening and letting the market establish a position.

Some pretty bad new overall, but still producing and generating revenue.

What we need is confirmation that current revenue and profit support the run rate of cost and that although this capital expenditure was not successful it won't affect the day to day running.
This will stop rumour of more fund raising. Then they need to focus on improving current money generation before going for new prospects...

Good luck to all.

My average is still around 14p and I'm not currently able to increase. Also don't feel like selling at this level. But may seriously consider it if we get near 10 again

Can anyone shed any light on why there are so many trades going through for under 100 shares?
This seems really peculiar as the fee wouldn't be worth it...
I don't buy into the market broker codes theory, so wondering if there's other reasons?

Never goes back up as quickly as it goes down unfortunately.
Stay strong guys this will recover soon.
Any hint of good news at Southwark and we will see 10-12p easy

Lol, I'd be happy with 15p
If it gets to £1.20 and I'm not already sold out I'll buy you a drink

That's a really good video clip.
Hope that it's that easy in reality and we get good news soon