Member Info for MB11

Expecting news on the JV next week.

https://www.conroygoldandnaturalresources.com/sites/default/files/Conroy%20Flashnote%202020_07_21_0.pdf

Don’t be drawn in to be used by some with a self serving agenda, games being played.

The potential volume of gold here is substantial and the jv is all about proving up and getting a first mine as soon as possible, once this work starts and at pace these low levels on the sp will be gone and its in the pounds.

DYOR

From the AGM, passing the resolution and presentation sounds, the Schlumberger acquisition is on track and is primarily why I bought a decent wedge in April, a non cash consideration acquisition which significantly increases Block's access to production, reserves and resources.

As a holder I will see the quiet time out, the deal coning up is huge for Block and increases the licence area the company will be operating from 82km2 to 2622km2. Most importantly it takes the 2P reserves from 3m boe to 67m boe, with 2P contingent at 210m boe and immediate combined Oil snd Gas production possibly if the fiscal terms are acceptable from 322 to 567 boepd.

There is a huge amount of capital investment by Schlumberger into the 2,622km2 to the tune of $133m which go towards the favourable terms they will gain going forward.

An immediate combined 567boepd when conditions facilitate is a very solid income base for the company to exploit the licence area going forward.

Test, trace and track has a huge part to play if we are to see this through, thats for sure.

Clearly we will see some movements in between updates. The price is roughly the same here and on the French Stock Exchange. It is a matter for us all to consider is £4 the current price the highest it will ever be again. If yes, then sell. If like me you believe there is much more to come from the company and share price then hold.

Whatever you decide, good luck and all the best.

France €4.65
£4.10 our money

The Public Health England supply contract yesterday of 288,000 tests per week on top of the Cambridge GSK partnership was a resounding vote of confidence.

Novacyt is right company at the right time, and for that I see this with 68m shares in issue and the orders to date and vote of confidence I stick to this being undervalued with a fair current price target for me of £7.35, £500m cap.

Based on only £25m profit this year which is likely to be smashed, thats a p/e of 20, I believe if they get production to 8m tests, say c.£10/test, which would be £80m/month, the profit margin will be very decent on such volume and economies, on sustained demand a profit of £100m is possible, on a p/e of 20 would give £29 per share.

I believe the current share price only values future profit at around £12m, I would easily give it a future projection profit of £25m and £7.35 per share forward p/e as we stand, therefore see value at this level and possible upside to £29.

GL All

The Public Health England Endorsement today of 288,000 tests per week on top of the Cambridge GSK partnership is a resounding endorsement.

Everyone needs a Covid stock in the portfolio, I just really like what Novacyt are doing, they are the real deal in testing for the Novel Coronavirus.

It is the quality of the product which sets them apart and why they appeal to health authorities. The big challenge is ramping up manufacturing and production to meet unprecedented demand, getting to 8m production in a couple of months will be big.

Ignore the noise, this product is going to be selling in huge quantity and to the limit of what they can produce for long time.

The revenue figures here are going to be very impressive as updates fall.

The right company at the right time, and for that I see this with 68m shares in issue being a fair price target for me of £7.35, £500m cap. Based on only £25m profit this year thats a p/e of 20, I believe if they get production to 8m tests, say c.£10/test, which would be £80m/month, the profit margin will be very decent on such volume and economies, on sustained demand a profit of £100m is possible, on a p/e of 20 would give £29 per share.

I believe the current share price only values future profit at around £12m, I would easily give it a future projection profit of £25m and £7.35 per share forward p/e as we stand, therefore see value at this level and possible upside to £29.

DYOR
Gl All

Everyone needs a Covid stock in the portfolio, it just really like what Novacyt are doing, they are the real deal in testing for the Novel Coronavirus. It is the quality of the product which sets them apart and why they appeal to health authorities. The big challenge is ramping up manufacturing and production to meet unprecedented demand, getting to 8m production in a couple of months will be big.

Ignore the noise, this product is going to be selling in huge quantity and to the limit of what they can produce for long time.

The revenue figures here are going to be very impressive as updates fall.

The right company at the right time, and for that I see this with 68m shares in issue being a fair price target for me of £7.35, £500m cap. Based on only £25m profit this year thats a p/e of 20, I believe if they get production to 8m tests, say c.£10/test, which would be £80m/month, the profit margin will be very decent on such volume and economies, on sustained demand a profit of £100m is possible, on a p/e of 20 would give £29 per share.

I believe the current share price only values future profit at around £12m, I would easily give it a future projection profit of £25m and £7.35 per share forward p/e as we stand, therefore see value at this level.

DYOR
Gl All

Some good Covid-19 stocks about, taken a couple including Tils. Plenty of potential for all.

Added 2m Block Energy shares in the past couple of weeks at this depressed level. While the company is still working on getting the gas online, completing the acquisition and future planning the lower activity level on the ground and resulting cost reductions gives the company proper time to refocus and better position the company, communications and key updates will be continuing.

Things in time will turn and Block Energy will turn and when they do, there is considerable potential for upside from the 1p level. The Schlumberger acquisition increases the licence area from 82km2 to 2622km2 and very importantly takes the 2P reserves from 3m boe to 67m boe, with 2P contingent at 210m boe and immediate combined Oil snd Gas production possibly Q4 if the fiscal terms are acceptable from 322 to 567 boepd.

There is a huge amount of capital investment into the 2,622km2 ($133m by Schlumberger) which go towards the favourable terms. Combined 567boepd when brent in in a better place.

Near term it is all about getting the gas online at the set Gas price of $5.24/mcf. The local gas purchaser Bago is investing in the pipeline and expecting sales I would say late Q2 to early Q3. Net gas revenue at current flow rate will br $120,000 per month, $1.44m year one hopefully. More importantly investment cost is in, concept proven and will be a basd to build. Georgia has a relatively robust gas market.

They will have a programme for 2021 and beyond, this time to properly look at the whole area, analysis and resource will do the company and its prospects the world of good. At £5m cap I see value, with half covered by cash, gas online will be a significant milestone for the company. There is still plenty to play for and I can personally see this by the end of Q4 if Brent is at an acceptable level around 5p, which is 400% from this level.

Anyway just sharing my view, Block Energy will not be for everyone, but it is for me and I make my own decisions.
GL All.

There are some great Covid stock about and all the beast to each one, there is absolutely more than plenty for all in this global pandemic.

This bb is for NCYT discussion

Once again today immense volume of trades.

always the same big buyers snapping up and then, lo an behold it goes

Near 1,000 trades on 1pm

There is so much interest in this share, one bit of news and it is going to be very interesting here indeed.

Set for a perky afternoon

Says it all really.