RE: Fantastic news on the way17 Mar 2024 08:30
morning all,
bedex,
you're not holding here if my memory serves me correctly but have a half decent amount in frr but haven't posted there since january. that imo is at odds with logic, last week was another pivotal week for frr but you've provided no opinion or insight on the frr board but have instead come and rinsed out block and its management. you slate ph and his comms regularly and refer to the shares for salary a fair bit yet you haven't for months taken to the frr board talking about their comms or management.
can i ask why? as i'm genuinely at a loss as to the logic unless of course you're either here to save us or don't want to see another in georgia e&p company do well.
lastly for the record sarah alleged that chesh has stated that 'it was the government that have stopped block drilling on pi' so after reading that i got off my **** and checked and it was nothing of the kind it has only been paused and was
" for strategic reasons associated with advancing project iii. the company continues to experience a very supportive partnership with the georgian government."
as a result i reported her endlessly as it was untrue and baseless and was affecting my holding but more importantly lying about the company.
back to wider block, ph in my opinion has navigated some pretty rough seas and has done a good job with all of the projects, the cash burn is low and he and the team have bolted on some pretty groundbreaking incentives like the ccs which aligns with both the chinese and saudis.
there haven't been regular confetti share issues like many companies with the company earning its own money through oil and gas sales, i'm sure a small number will moan about the shares for salary scheme during covid but again i think that was genius from a share holder perspective as cash was conserved, from a person receiving shares in lieu of salary and knowing the potential i think it was a genius swap and imagine how holding shares in the company you work for instead of taking a full salary would focus your mind,you'd want it to succeed the more shares you get.
so in summary and especially at these levels block is probably at a point where unlike many of the other trendy stocks where people follow the crowd without looking at an rns is doing something significant. 2.7tcf of c resources? come on now if that isn't worth a punt i just don't know what is.
have a great day all
soz missed a bit, avi8r, i sense you're about to turn feral on the board, you been a tad positive on block had a few nibbles around the edges of negativity but how long before you go hard over negative and tell us you've sold out and then just trash the company daily? can't be long i reckon, this coming week? maybe next?
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