Member Info for Jumpingfrog

Morning all,

In case you've not seen the news BLCC is back on NEX at 8.00am.

For all whom just want out...please sell ASAP at 8.00am so I can buy some :)

Now that was a surprise....

If I read the RNS correctly, this should relist soon at a premium of the £4m funds put in.

Expecting a multi-bag over next week or so.

UK Investor show is a key platform.

Having watched every mistake George has made and I've finally come to the conclusion he has built an impressive portfolio of assets without any debt. Yes I wish he had stopped about a year ago and sold/got into production something but we are where we are and if I was a new investor there isn't much if any downside here.

Two of the buys were mine....pun intended.

An easy invest for me as no debts and lots of assets with news due.

Hold over 10m shares at 0.0025 average, which means I still need a 100%+ to regain my investment.

Never felt more confident....could easily be .005 by end of week.

The twitter name I use is FACTS ONLY

I picked this because I was fed up with all the rampers/derampers

Lots happening, look at twitter :)

I'm in the same boat with PREM and PCGE.

Spread the risk and hope one comes off

I must be old as needed to use a search engine to find out what BWTFDIK meant....

I'm not sure also about the APP/TV etc etc, which has been mentioned.

However if they now have £4m to use, this will make the pilot more likely to work.

Also the backing of several Snr political contacts.

I'm focusing on PREM and PCGE now as need them to do something....otherwise just swapping a profit for a loss :(

I'm always honest on my posts so don't mind declaring my holding.

48m shares £25k invested .

So assuming excel is right as my calculator won't do that many decimal places....average is very low.

Approx 0.052

30m shares are ISA'd 18m shares aren't.

Over £20k invested in the last 6 months when I heard promising news.

Tell will tell if my risk was worth it.....

As I've said on both LSE and Twitter I've been investing in AFPO since Oct 17 and then BLCC since then.

Averaged down as I became more confident in the proposition and partners BLCC has.

The final investment was based on the pilot launch and meetings CC had with Snr figures in the African continent.

Breakeven price on this is 0.05, so hoping for a decent return.

Before I get too many comments.....

I'm also invested in PCGE and PREM.....so need to recoup some of the heavy loses on these at present.

Oh....re *50.

There is a lot of noise around *10 so I'm expecting this...

Market cap to be about £20m UK.

However I've heard it should reach £100m by end H1 as pilot turns to roll out and then across next country/ies.

In other words *50 makes sense.

In case anybody is going to sell at a profit when it relists I've been in touch with HMRC and Stockbrokers today....

What fun.....

Simply- If BLCC relists under TEN and TEN have a CREST (ability to sell and buy online) then your existing stockbroker should be able to trade for you.

Also I've been informed that if it is in an ISA now (suspended) and it relists in Canada and you sell the proceeds would STILL be be free from Capital Gains Tax.

Finally any Capital Gains would be straight away once sold even if you keep the money in a Canadian account.

Please DYOR as always, just what I've been told over the phone

Hope somebody finds this useful.

Please check yourself...I'll be checking AGAIN but risking it.

Chesycustard,

Spot on....lots of information on twitter about this and speculation re who is the 21% holder.

Rumour has it will list at 10 times suspension price....

Who knows...

I'm talking to HMRC re any issues about Capital Gains...Foreign interest etc etc

Everybody has long and deep memories of AFPO. Just look at the historical share price. If you were in before Sept 2017 then losses at present would I imagine be a large %. Based on the 21% to be input approx. £4m by ? I'm very confident of an entry in the Canadian market at multiples of its NEX exit Market Cap of £1.7m.
If you've bought in 2018 or like I have averaged down then there hopefully will be a good % reward coming soon. Although shame the assets lose their ISA/SIPP advantages once it delists and returns overseas.
We can all debate what will the next news be however in reality this potential deal has been discussed for months and costs already incurred so I'd be surprised if it doesn't happen.

Well, somebody/some company is putting 21% in....

C$100000 = approx. £60k

BCL further agreed to arrange the minimum amount of C$100,000 up-front funding into TEN for applicable fees to obtain legal, accounting and other professional advice related to the listing of the shares of TEN, arrange for additional financing and additional funding, sufficient to cover all costs associated with the listing of the shares of the Resulting Issuer on a Canadian **************. Following the completion of the Proposed Transaction, it is anticipated that TEN’s and BLC’s present shareholders will respectively remain with 4% and 75% of the fully diluted shareholdings of the Resulting Issuer, assuming full dilution and 100% offer acceptance by BLC’s shareholders. The remaining 21% of the shareholdings of the Resulting Issuer will be held by investors participating in the to be announced fundraisings to complete the transaction and provide sufficient working capital.

An interesting read.

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00033736

I think the offer will be a BIG multiple of current price....could be 10 times or more.

Why?

Because it is a small amount to take total control of this....

The deal has been brewing for months I bet.

It could take a few days/weeks for the price to be announced but rest assured I can't believe it is going to be lower than current price :)

I can understand if you are upset, guess you bought at a lot higher price.

I'm there with PCGE....still hoping that it will come good.

My point about partners was the expertise and network which comes with association.

Also the high level meetings/conferences etc CC has been involved in recently.

All this gives me confidence something is happening not just words.

Have you looked at the Block Commodities You Tube Channel with the 3 videos.

Or the WALA/DALA feedback on their APP in the last couple of months...Uganda mentioned in feedback a few times...