Member Info for NicetoMichu

Once again here.. it's Jam tomorrow.... lots of it even/maybe/hopefully.. this share would certainly try the patience of a saint :-)

But, still happy to remain fairly patient here... that said, pleased I did sell a third of my position down around mid 20's towards profit taking/ trading this a bit.... always keep a decent core holding here though.... as the potential remains huge here imho.. it's just taking a lot longer than expected to tap it properly.. is the angle i'm going/sticking with, at least .. and I'm still excited by this share..

(but not ready to add back what I - trading wise - took out here in mid 20's yet.. If/when they can give a meaningful new sales announcement then I'll start adding back..I don't expect this to go as low as single figures btw.. under 12p would surprise me a lot even.. but you never know anything for near sure in this game, of course)

Much chance involved in this game .. so you absolutely can't say for sure there will be no FID in 2022.. although I get that there easily may not be.. but if it's in 2023 then so be it..

If they have to raise a few million around early 2023 ish, so what.. it's not as though they're regularly raising... far, far, far from .. many AIM companies with tiny assets by comparison to Blvn raise seemingly endlessly ..by comparison these guys are Saints (they even paid a considerable one off dividend back in the day.. although, no doubt, they wish they only paid a fraction of that now granted)

And the size of the potential prize is huge here.. not to mind longterm revenue potential for Blvn, completion of FID alone gets them $25m..

Altogether, I have far from written off my bet here.. indeed I still have very high hopes for this over time!

To my mind the Managment team have been investing time in understanding what key warrant holders want fro the co. to exercise their warrants and give the company a good cash injection...versus many of them just being allowed expire by the holders eg SportBilly saying Sprott wants battery metal drilling for exercising etc.. and figuring out the balancing between funding and drilling plans..
Also, I guess, alas, that there's a huge amount of wishful thinking here regarding this co, being sold in the coming months.. but great if I'm wrong..

Ps: If a 'big' next drilling campaign is to be undertaken I absolutely and categorically think that BH should find a new CEO for Landore and him be President only.. as there are too many important activities here that he either ignores or is very bad at .. around marketing/publicising the company for eg..

20 bagd only... that's a bit conservative for you... versus previous form on other boards :-)
This time next year Rodders !

how about you buy 5k gbp worth of these doggy's for every post you make here EarlofAIm ? :-)
(it would help the s/p no end and help stop you posting just for the sake of it here too.. )

ps surprised you haven't yet hit us with a post saying this is worth 5gbp a share by your calcuations.. staying true to other form you have :-)

That this share couldn't, so far, find a way to go up from a very lowly -imho - 27p ish on today's green strategy announcement is sad even to a low expectations guy like myself.. indeed it's now down as i type.. and I get why plenty of people might highlight the importance of green credentials too in this sector..and that green projects should be very helpful for this s/p ..etc.. well, the s/p once again lets the us down, alas.. showing one more time that this remains an extremely tricky share that might easily continue to be dragged up kicking and screaming only..

AK will just continue on executing his strategy as he ses fit whatever anyways, I'm pretty sure.. and at least has a few key big Institutional Investors supporting his strategy, very thankfully (else this s/p would be 15 to 20p ish range now is my guess...as there clearly were/are a bunch of holders here who, for one reason or other, don't support his strategy.. and I can understand both sides of the arguement .. and, altogether, am only a small bit surprised this s/p is where it is.. disappointed of course, but only a small bit surprised)

If your posting on Lnd.l BB is anything to go by I guess you're expecting a ten thousand ish per cent? rally here Earl of Aim? :-)
(You were entertaining for the first few super rampy posts there in fairness.. but got tiring after 10 ish similar in short order)

Fine post- as ever- O&W ..

..another thing I'd add is that there could of course be some slippage in these two - fine - deals fully completing... for one reason or other.. aka 'it's Africa' ..

Towards balance I offer that I'm meaningfully confident they'll fully complete 'in the end'.. but for eg I think Agadem recently pointed out on here an observation from some slide pack he's recently seen of end Q2 or early Q3 being offered as indicative timeframes for full completion ( happy to stand corrected on any of that )

ps ; Looking at the s/p around now, I feel I could easily make a case that the market is expecting some delays in full completion of the deals too.. ie it's about to be April and the s/p is 'bang average' imho :-)

forget about 3p maybe ahoy.. Iran coming back in from the cold and this time next year The Fooler will have made us all Millionaires..
You know it makes sense...
Cushty
:-)

I've added some back to my holding here recently and have renewed hope that the future will clear/bright here
Good luck to all fellow Nanoc-o-ers !!

That made me laugh Huberstein, Thanks !

I offer back that the more I play this game the more I understand how random it is and so how hard it is to be regularly right in this game.. and indeed how large the risk players in this game take, most of them with little understanding of the extent of the risk they're taking... and lack of liquidily is one core facet of that risk.. although when you get into the plenty of hundreds of millions market cap - a la save.l - that lack of liquidity issue diminishes somewhat, thankfully.. and one of the reasons why having a big - for me - bet in play on save.l is ok by me

mid to late 20's p to 15p is one punchy fall.. ouch.. at least I sold 30 per cent of my position eithr sie of 25's ish p to bank some profit.. wish i'd sold more of course .. and well down now on what I held onto, alas.. oh well

As semingly pretty low s/p here now, I'm just going to sit and hope they can get meaningful new business at some point.. but this has certainly been an extremely tricky share so far, in fairnesss.. and while I like it lots conceptually and had such high expectations here, I'm now just about moving into the hope space and departing the expectation space here.. indeed not even considering averaging down here now either.. ..but some meaningful good news dropping and I could change my 'latest' views again, of course :-)

While a little tempted to add more now, I've decided best wait and see what stabilised flow rates from those new oil wells before I pull the trigger (or not.. as the case may be)
Certainly am keeping a keener/ more enthusastic eye on this now .. and I'm even back in profit this - bet - time round.. and shareholders generally have certainly served their hard times here and so would deserve a - big - break here in 2022 .. Here's hoping..

Delays are generally the nature of things in such implementation programs, alas.. so not surpised by anything in todays RNS .. not huge delays at least, I guess

I stand by my previous view that me having just 4k gbp in here in 2022 is still too much.. but that's down by 35 ish per cent already.. so instead of selling a portion and looking to buy back lower to average down I've just parked and decided to be patient.. oh well.. and hopefully progress is at least decent from here forward..

Pull backs like this are just par for the course in a strong upward journey .. hopefully they remain small pull backs.. but as the s/p grows they could get punchier too..

Generally, I haven't even though of a target exit price here yet.. too early to do that imho..

I look in on this BB every couple of days or so as there are quality posters here.. but don't pay much attention to where my bet is at and just let the s/p - hopefully - keep doing its thing as the company - hopefully - progresses ongoingly strongly from here ..

hard to know how sticky this mornings rise will be with the spread we currently have ... but great if this s/p is geniunely going to wake up to even a half decent level around now .. it's joke low currently imho ... and it would be very low at double current level - 4p ish - levels
imho & dyor

interesting feedback sportbilly and very much appreciated..

JH dumping for ill health reasons is new info for me..sorry to here about his ill health..
I still would have liked the company/it's brokes to help find a way of that dump being at least part worked via an off market block sale arrangement.. and I also note the s/p could have bounced back a lot more after that brutal JH sell down exercise completed.. it actually did bounce a fair bit from that 20p ish immediately after he was fully out, and indeed to plenty higher than it is now then and indeed again subsequently too, but is now regressed punchily down again.. and we've had an excellent upgraded Gold MRE in the interim too which shockingly didn't help the s/p rally well as it might well have been expected to, indeed the opposite even.. so there's plenty more to this rotten s/p than just that BH dumping imho !

Sprott converting plenty of warrants for additional Nickel drill is very though provoking too .. poses more questions than it answers even..

PS: Can someone remind me how many of the below - taken now from co website whihc is generally out of date in some shapre of form - are held by Mr Sprott ?

Outstanding Warrants:
1,229,705 20p 4th May 2022
19,887,249 20p 14th July 2022
Total Outstanding 21,816,954

I would guess BH is lobbying /investigating on how many warrants are altogether likely to be exercised ahead of expiry.. and indeed for what drilling purposes I now see too... and so LND is still figuring out exact funding / planning for 2022 drilling across it's full metals p/f seemingly.. and in the interim the cash in bank can be used for short term outlined plans perhaps .. and hence they're not yet ready to give an RNS update on exact plans/spending for this year.. Hopefully they will be soon.. if all warrants were exercised £4m extra in the pot would be a lot gramted.. but if they see a funding gap including likely warrants exercise and an opportunity to raise too they might do a raise ahead of any detailed plans RNS i'd understand

Altogether, my guess still remains there will be a raise here sometime in next few months btw.. but I can see how many warrants exercised could see a raise avoided, in fairness and so I'm less strongly confident in my guess than I was previously, in fairness .. but if they were to do significant Gold and Nickel drilling in parellel for eg then more money required.. etc..

Thanks for posting andmillsy.. an interesting and good interview - braodly speaking, I only listened to xtract piece- imho...And African Gold production will feed bottom line strongly/ongoingly soon enough here, seemingly..and I'd like to think that alone could be 5p of this s/p soon enough... And then Eureka etc to add on top also.. and then Australia's Bushranger too.. and 5 odd p xtr s/p we currently have here will just have to be dragged up - kicking and screaming perhaps as can often be the way here - to decently higher levels in coming months, surely/hopefully ..indeed, not to mind decently, perhaps much higher levels even...very please

indeed.. particularily O&G'ers getting hit.. but he didn't know that yesterday when drafting this RNS..

(brutal game this.. s/p's dragged up kicking and screaming only, even when PoO&G goes thru roof .. and when poO&G falls a small bit from amazing levels to still being at amazing levels, many share prices retrace punchily/quickly)

and some thought yesterday was a bad day fro this punk share.. oh well.. and hopefully this bounces back even a bit later today..

I'm not shocked by this, disappointed obviously/of course ... but I don't have much difficulty in getting my mind around why this s/p is now only 25p ish as i type.. (in summary, some punchy selling ongoing here towards using proceeds to go after potentially clearer /quicker wins and may look to come back here when things have settled down in an acquisitions etc sense ..as this business is, generally, still bang in the middle of in its build out phase, with cash cow phase a few years out still, perhaps.. including quick large pay down of debt that's going to be accumulated in 2022 still to come here in 2023/2024.. etc ..)