Member Info for pauldrayton

Certainly no leak on these volumes.

The MMs seem to have accepted a few sells after dropping the bid but I haven’t been able to get a sell quote at all.

Does Helge Hammer really require a PA/Office Assistant at the moment? Other than making the tea I don’t think there is much to do!

The BlackRock declaration did seem to be a turning point, coincidence or not.

Snouts in the trough. Always the same.

Busy day! What a difference a few days makes!

Agree with you to an extent Mozza. These guys are ultra professional though and abide completely by the rules. In many ways I much prefer that to the many AIM CEOs who mouth off privately to investors and end up delivering nothing. The trouble is without any updates we don’t know whether they are on the cusp of a deal which is due to land imminently, or if everything has fallen through & they’re starting again now from scratch.

I guess that’s why the share price is where it is and interest levels are low. I completely understand those who have waited long enough and feel it’s time to move on and there are certainly times when I feel the same way. I just hope that this wait is worth it when they finally get something over the line (assuming they do!). I take some comfort in the words that they have used in investor correspondence “confident in the strategy & opportunities & the interims presentation remains valid” - although we’d probably expect them to say that, it’s hard to believe they haven’t made significant progress on something over the past 15 months!

Thanks. I’ve contacted them via the website twice. The first time (last summer) Julian replied quite swiftly, and the second time (more recently) I got a reply from HH’s PA Hedvig, which took a bit longer.

Funnily enough, despite being months apart both replied said pretty much the same thing so I’m guessing they were stock responses to investor enquiries.

Interesting that you haven’t had any reply at all - hopefully they are too busy at the moment to respond! Thanks again for keeping us updated.

Thanks Mozza. When did you last contact him out of interest? Please keep us updated if you do get a reply. Better than us all bombarding them when they are (hopefully!) busy.

Website updated:

https://longboatenergy.com/?page_id=329

I haven’t got a copy of the previous list so not sure if there have been any changes other than Blackrock’s reduction.

Thanks as always for the snippet Mogger.

Well that was a little disappointing after the relative excitement of Wednesday & Thursday. Maybe it was all conspiracy theories with nothing behind it except a lack of stock available and the MMs not wanting to hold too much.

Oh well, the wait continues, but on the plus side the share price finished up on the week and the markets are taking a bit of a tumble across the board today so it could have been worse had we not seen the rise earlier in the week.

Would you believe it I can’t get a quote to sell now!

Well the increase in bid to 85p has attracted some sells at last, and you can buy at 91p it seems at the moment. Looks like we have a market back!

Haha, we live in hope! How much did you have to pay out of interest?!

Hmmm, I’m eager to see a deal signed but have no idea what to make of all this. The Blackrock reduction is probably the strangest aspect of it all given what’s been happening over the past couple of days. As you say it would seem like market abuse if they were selling whilst on the inside of a fundraise (although I’m sure it happens all the time without being declared). Only time will tell as always.

I realise these things happen regardless but if they were doing it under the radar then surely they wouldn’t have announced it.

Do you think it’s a bad sign then Mozza? Because if anybody is in on a fund raise it would be Blackrock. And if they aren’t allowed to trade on that basis then today’s RNS suggests there is no fundraise currently ongoing.

Interesting thinking Whirlaw. It always confuses me when these large holders trade a few shares here & there, especially with an illiquid stock and big spread like Longboat. Unless Blackrock are intent on selling a large portion of their holding then what was the point? The fact that there were very few shares available to buy yesterday (when they apparently crossed the threshold) & today suggests that they are not going to release many more (so far anyway).

Having said that, if Blackrock were selling in an attempt to keep the price down before for the reasons you suggest, why have they stopped now? Placing price now agreed maybe?

And why did the MMs add available shares to the market for the final 10 minutes? A sell order from another institution? More available from Blackrock? No major buys or sells during that time, but they were prepared to let 10k go.

It’s all very strange. I reckon we will either get news soon, or everything will go back to normal and we will be left wondering yet again!

Intriguing and frustrating at the same time. Let’s just get a deal over the line Helge and we can talk about that instead!

Very strange - you could make up any number of conspiracy theories about this but as Mozza says, whatever is going on I hope it's in our favour!

Looks like there should be some shares available in the morning for anybody who wants to buy though, as apparently you could buy 10k at the close.

Yes they briefly opened up the market there at the end and you could buy in reasonable quantity for the first time all day.

Let’s see what tomorrow brings!