Member Info for pawnsacrifice

any point emailing the co. to find out whats going on?

Interesting RNS this morning imo. Not a follower of the stock but being able to making the kayaks 30% lighter yet still retain their strength seems quite an achievement.
Shouldn't imagine its the only application either?

You're not wrong and just as important biggest one day jump in coal since May 2022.

Risen above the 50 and 200d moving averages in this surge too. Glad I looked now.

Aim re coking coal $348 here..
https://www.barchart.com/futures/quotes/U7*0
If you make the chart full size and turn it into a yearly line chart coking coals on the rise again. Looks to be heading for a test of $380 at least imo.

Thanks piscator1, sure looks like a nodding donkey. Looking forward to the update now.

From the RNS funds are for project 1?

"The funds raised provide the Company with additional headroom to accelerate its Project I development programme. This includes additional wells and side-tracks, following completion of well WR-B01Za, which is currently being drilled."

Yes that seems correct joeydavison.
The High Court Order will likely be signed in the "coming days" which will open the door for "the initiation of a lawful and transparent process for the release of the Historic Parcel into the Company’s possession."

Its the "process" I was saying may take some time not the initial signing.

Yesterday's didn't say that it stated "This High Court Order should allow for the initiation of a lawful and transparent process for the release of the Historic Parcel into the Company’s possession."

Process will take however long it takes and expecting things to move in "days" in zim maybe setting ourselves up for disappointment imo.

We need two things here imho.
1. Success with the drill.
2. Jeremy Asher the man who told them that 16% was fair and equitable to shareholders gone.
Point. 2 is likely the most important if we don't want to be diluted to oblivion.
He runs Tower resources.

Jan 2021 TRP Total Voting rights..
1,729,911,416 ordinary shares

Jan 2022 TRP Total Voting rights..
2,686,095,669 ordinary shares.

Jan 2023 TRP Total Voting rights..
3,741,437,955 ordinary shares

Man's been a disaster for holders in his own co.and should not be advising BLOE on how to blow their nose let alone how to arrange finance imho.

and on the bright side there's not going to be any dilution from the warrants at 1.7p unless WR-B01 ST is seen to be a success by the markets so dilution from same is a moot point at the mo imo.

Should be ok going forward imho if anything just a case of will the market get bored waiting for due process to be carried out in Zim and the diamonds actually released?

Take it the traders are presuming the lawful and transparent process may take a while hence safe to sell a few?

"This High Court Order should allow for the initiation of a lawful and transparent process"

Believe they were funded to continue the $100K deepenings but should imagine they're after drilling the more expensive horizontals after the last vertical gave them 45B's/day and disappointed the market (judging by sp action since)

I read it as interest payments only quarterly then the principle after 18 months.
Agree its not altruistic but am glad bloe have secured this cash to keep the $100K deepenings going.
Am holding a few msmn and although they've just has a successful drill they won't have funds saved for another for an age it seems.
Not doing their shareprice any good so this may not be that bad medium term for holders imo.

From 6.810000% to 0.02.
https://www.investegate.co.uk/eenergy-group-plc--eaas-/rns/holding-s--in-company/202301271453531514O/

Agreed Brombarb my reply was specifically to the possibility of the well being a "duff" which I took to mean the sand doesn't get unclogged the situation gets worse instead and the well is unceremoniously plugged and abandoned.

No. If this well is a duff then you'll be lucky if the sp stops at 10p. We all know they'll need funding to move forward drilling wise and no matter how much they claim is in the ground it means diddlysquat if you can't extract it.
Whats their highest producing well so far? Wasn't it 50 odd barrels/day?

Sandy if the FT are predicting 3.7p in the next 12 months then I agree with them wholeheartedly.
Some might call it enlightened self interest I just call it good old commonsense.

Long or short Exxcessus?