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Tony it’s really not that complicated. We are still in a position of disappointing production with a hell of a lot of potential. This isn’t an isn’t cash cow. More sells than buys so the price drops. It’s as simple as that. Solid confirmed numbers, cash in the bank and acknowledgement the company won’t be taken over on the cheap and ruined will increase value. So much noise here lately, not much fact.
Indeed, the RNS was very disappointing after the director buy. I'd assume they are cutting back somewhat to prolong lifespan. Makes sense if there's more profit in the long term, but I was expecting a positive rerate. Which begs the question of why the director buy at this time?. The time to over deliver on the next couple of drills is here.
Heps, it was defo mentioned re renegotiated deal on the gas. I did question it at the time because why would you chanhe that deal with 6 months still to run? It wasn't obvious it had, it was hidden pretty deep, it might have been Schlumb announcement. I'd have to check my post history to be 100% and could tie in the correct RNS from there but life is too short and I've got a trip to the dump to make. I assumed at the time they'd ran out of cash and terms were altered so Bago could complete civil works.
This week should be interesting. Don't give them your shares.
Core blimey. Posters fail to be objective shocker. What a sad place this is at times. Truth is we don’t know the truth even though we can handle the truth. More money being thrown at 16. Why? What’s the issue, what’s the goal, what’s the cost. Simple transparency is needed not pictures of trucks with wire on the back.
Absolutely MP.
We need three rinses of under forecast over perform. Only then once we’ve money in the bank from 3 successful quarters will we see the share kick on past the singles on good news. Good grief if there’s great news to be had.
I don't believe a couple of insipid muppets who lack any flair or credibility influences this share price one iota by talking it down. It's pretty poor fair and the responses they receive can only reaffirm why we are here in the first place. In fact its more likely they are on the right side of the fence than the wrong.
If you look at the last few weeks trades in isolation the price slides on a few sells and hardly moves against consistent buying. I don’t believe there’s been a massive difference between buys and sells. It’s the way the MM’s work it when there’s little volume. We’ll rerate on news, nowts changed. Could be worse, back end has fallen out of TXP today.
Seconded. Cheers for your concerns. Think the CEO was quite canny with the terms of the Shlumb deal, that’s my security blanket anyhoo.
What’s amusing is a “random rampers” posts constantly bigging up the Scottish contingent and his current stance regarding the CEO. Better the devil you know indeed.
Welshy, price is where it is because they needed the cash to progress next 3 drills. PI’s don’t have £5m to fund this but Shlumb GMB have placed a big stake in BLOE offset against a massive Capex. Why? Forget the next 3 drills which keep the lights on plus, it’s the return with no risk on the deep drills. Hold for sure.
It's all looking good MP.
My thoughts and just my thoughts is that we are in for a nice run. I think there's a bit of pressure in the two wells. The extended testing period is due to them opening the taps whilst looking at well integrity. It is my hope that when they come to report flows it will be in excess of market expectations. They are also sat on a lot of data so the next couple of drills fingers crossed will not be duds. They seem comfortable predicting slightly higher rates than current which I think is a slight of hand and production could be more than decent. Under forecast over deliver. Once the cash is flowing in and the company is off the bones of it's a**e then they can look at positions such as investor relations and much improved communications, but until them happy for them to do the important stuff, running the company, making cash because what we all crave will follow.