Member Info for ma2brw

On EL granting he should have signaled a raise in coming days - people had insider knowledge of what was happening and that is insider trading

I totally agree Gkahn. White collar crook our CEO MB. Even he is liable for insider trading knowing he was organising a much reduced placing during that week that he was self investing in whilst he himself was championing a JV.

I am out of this s**t. Ran by a crook who should be under investigation.

I've reduced my holding - I don't have the need for this drama in my life. Between this share and MATD I've been royally stuff by boards that are incapable of running a business for all it's shareholders.

I've gone to safer waters and left a speculative small amount here.

Now I am gone you are 100% going to be successful because every single decision I've made this last 18 months has gone the wrong way so I hope I bring you luck by leaving.

I will check in from time to time.

Such a shame we couldn't just be left to work through the tasks at hand with a sp to represent our position.

I am thoroughly frustrated. I should have dumped this stock 18 months ago and invested in literally anything but airlines.

I don't think the board had a chance. They are being taken for a ride by the concert group to the very edge.
Surely when we vote against the group on both accounts they will just find something else to cause issue with. Glad PH stood firm and went ahead with drilling we should be thankful he didn't roll over.

Hi everyone

HL haven't as yet been formally advised of the vote but he said it will be updated on their website shortly today or tomorrow. He said it is a simple secure message to them once logged in to your account.

Because they know once this drill hits.....there chance of takeover is gone. I wonder if anyone on the board knows the 3D seismic survey results and knows there's a lot of upside here coming....mmmmm.

Same...I bought in at 6p after the EL thinking we'll nudge to 10p here with oncoming news of JV negotiations. Instead we got slapped in the face with a ridiculous placing. I have been seriously burnt. Very frustrated.

Agreed I was over zealous - this could all be just the start of Block's great rise but I would take 5p today if offered.

I would take 10p

I still can't see how they are going to win on a 2nd vote. I think given covid the board have extremely well to survive and infact come out with a plan and in a good position. Could easily have been a different story.

Now we have some white collar thieves looking to capitalize.

Can't wait to get this vote done and dusted and we can see fantastic drill results and onwards we go.

Similarly to the other Block directors (as announced in the Operations Update 7 April 2020), Mr Sandroshvili has agreed for 50% of his fees to be paid in nil-cost options to acquire ordinary shares in the Company. Options will be priced at a volume weighted average price over the monthly fee period.

 

Mr. Sandroshvili does not hold any shares in the Company.

Could be the case that Dato is fed up with being paid in shares and needs cash now.
 

How do people see this panning out over the next 12 months. Is this a bottom drawer a scenario now and hope for the best? Or should be bounce back to 5p relatively quickly. I am still reeling from the placement level. Absolutely diabolical.

But what makes them think they have any greater chance now?

I can imagine PH is trying to come up with drill results prior to the GM in 4 weeks. Don't think he has enough time though....

But surely Dimmock would have gone at the AGM? Why didn't the concert party deal with him then?

Sorry I forgot we'll have to find a new NED

So worst case Vasch becomes Chairman and we have PH and WA on the board so we have a 2 to 1 vote for anything going forward? So surely they can keep the wolf from the door no?

I am voting against the notion

MP what are you thought on successful drill? I am looking at a re-rate up to 5p maybe 6p with sentimwnt on the following drill; which again if successful we head towards 8/9p then the third which maybe take us into double figures.

Obviously if WR-B1 is 800 then things will be a lot different.

I do wonder whether they have deliberately underestimated the potential flows of WR-B1 at 550.

Maladoni you make a good point there - no need for the excess technical with BH onboard now