Member Info for Piscator1

A retrace was inevitable today and the market makers played a blinder to flush out weaker holders by walking the bid down to 2.3, but it ticked back up to 2.4 by the end of play, so they might well push it back up tomorrow imo.

Chesh in total today’s buys on the AQSE exchange now total 322k. I assume the market makers are pushing them through on that exchange as they don’t want people here to see them.

https://www.igfmining.org/announcement/togo-joins-the-igf-to-support-sustainable-economic-growth/

bitsas004. That image is not up to date. Try these: https://m.facebook.com/story.php?story_fbid=pfbid0P4cNf2Zqe7hokFDangQ4AmYS8vjv23ZYG3Qgvt7xgyUBmTCbck3C7v7a3PJAzWnnl&id=100069431701052

https://www.facebook.com/100069431701052/posts/pfbid02FrfPCCJBLXeyfZ2rme53x6EpGpc7up1D7D7gucLAeraHNmweR1griXoUbe1wnR1Yl/

https://www.facebook.com/100069431701052/posts/pfbid0kXc6dSYb42yQWjigKMNVFYu4EWjKrXsRnHH9BVqdqSxefNNnWye41mYwhDjuT1v6l/

Then tell me that there will not have been issues at the well site.

As I’ve said before the most logical explanation is that heavy snows and restrictions on vehicle movement have impeded delivery of key parts required for a well completion. Think of items like a Christmas tree for the well head and any storage tanks. These can only be delivered on articulated vehicles or a heavy duty trailer and from recent reports on Georgian media these have been prohibited on certain roads.

29 trades including those on Acquis exchange.

The key words are: “At present, the Nayega project is suspended like all new mining projects while waiting for the Togolese State to better negotiate the terms in order to derive more profits.” To me that suggests that if Keras make a public offer then the state will have to come to the table and will want to do so to set a precedent for any other deals in the sector. The alternative would be contained in a brown envelope and I would imagine that some of the Chinese firms are not averse to that, so there seem to be two ways of moving forward here. That surely increases the hope value significantly.

There’s possibly a very simple reason for the delay in reporting as there’s been heavy snow and strong winds over much of Georgia over the past week or so( see BMG Facebook page and use Google Translate for details). A lot of mountain roads are closed whilst there are prohibitions on articulated lorries and vehicles towing trailers on the roads they have managed to keep open. That could impact on getting equipment such as a Christmas tree to the well site imo.

‘conventional’ not convention. Doh!

Yiannakism, PI’s here might currently have a considerable advantage over the funds which hold this stock insofar as several, if not all of them will have been ‘taken inside’ for the recent loan negotiations. During this process they will have sought up to date information on the company’s operations and will be prohibited from trading until such information is released to the market, just as they would were it a convention placing of equity.
I have therefore increased my position significantly whilst the share price is plumbing the depths and reduced my average cost to 1.4p. Those who are moaning the loudest or sitting on the sidelines will only have a very narrow window to load up below that price if the current well is a success imo, but each to his own in terms of risk aversion I guess.

yiannakism45, you really are your own worst enemy here putting down the company you are invested in. A very high percentage of the stock here is held by funds and HNWI’s and do you hear them whinging or reducing their holdings? They are here for the long game, with Edale Capital having recently joined them. The latter would have a lower entry price than some of the others and with a holding of 3.16% even a small reduction would have led to a TR1 form being submitted and notified to the market but unlike you they have faith in the company going forward and will not judge it on a single well result ( or lack of with the current well). However any PI’s looking to invest here will see nothing but whinging coming from the likes of yourself and a few others I could name.

The market cap of the company is now only £7.6m which is exceptionally low for a company holding the asset base that Block has in one of the lowest operating cost jurisdictions in the world, so instead of constantly dissing the company why don’t you get behind it and look at some of the positives, like the deal with Schlumberger that they pulled off, which is my view exceptional and in the fullness of time likely to be a company maker.

Interesting discussion about Mopani, but bear in mind that Jubilee Metals Solutions Ltd (an indirect subsidiary of JLP via Braemore Holdings Ltd) holds an exploration license right next door to the mine: https://portals.landfolio.com/zambia/ This should give them some leverage with any party looking to expand the mine.

Shedulike et al, sorry for not responding to you earlier, but shortly after I posted an old friend who now lives in California arrived for a visit and we have had a lot of catching up to do. I have just had time to check my own property on Google Maps and it is reasonably up to date as it shows a new deck, fence, and garden room erected by one of our neighbours over the last few months but according to this article: https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi_zKqIiIT9AhWZGMAKHUAVDvcQFnoECA0QAw&url=https%3A%2F%2Fskywatch.com%2Ffree-sources-of-satellite-data%2F&usg=AOvVaw0W4uibX4Dx3T5xNFbTi0Gt it is certainly not updated as regularly as some of the other sites. If any posters on this board can find the well site on one of the other websites which are updated more frequently I would be grateful if they could post the outcome here. It is possible that the Google maps image predates the drilling rig arriving on site, but it seems odd to me that the cylinders holding the drilling fluid arrived before the rig and the containers housing the gensets, etc.

Having said that I just put the same Co-ordinates into google maps and they are now taking me to a different location, which is weird. Fortunately I have saved a screenshot of the image of the well site but I don’t think you can post such things on here.

Hi Shedulike, I was referring to the later drone footage which has now been removed. The key point is that they confirmed that the three vertical cylinders contained drilling fluids and they are in the same position in the Google Maps picture as they were on January 17th.

Shedulike, in reply to your suggestion that the picture could just show legacy equipment from the original well check out BLOE’s reply to another tweet on 18th January in which they stated “The tall cylinders are drilling fluid storage tanks, while the white containers are the rig generator set and air compressor station.” Now why would they have retained the three cylinders containing drilling fluid if we are looking at a legacy well site? I think what we are seeing is work in progress with the rig now being reassembled on another site, the workers’ accommodation mainly removed, and just a few more things like the drilling fluid cylinders remaining to be removed. They won’t need them at the next well site until it has spudded.

Just put these co-ordinates into Google Maps: 41°35'36.5"N 44°53'13.7"E and zoom in. Drilling rig seems to have been replaced with a nodding donkey and most of the kit removed to the next well site, but proof that it is the WR-B1-ST well site could be established by comparing with the images in the 17th January tweet and video, but I note that they’ve now taken down the video which contained drone footage of the site. So just check the location of the cylindrical towers at the bottom of the site and the white horizontal separator and storage tanks on its western side and you will see that they are the same.

So why haven’t we had a RNS with well results? I’m assuming that as it’s a gas well they need to get the composition of the gas signed off by the GOGC before they can announce anything . If it’s good quality dry gas it might be able to go straight into the pipeline but if it’s wet gas it will need some processing. Whatever, it looks like it’s going to be a producer to me.

Interesting comment by Zak Mir today: https://www.share-talk.com/rns-hotlist-with-zak-mir-palm-88e-immo-anr-bloe-ggp-kefi-stk-glr-vast-thx-echo-via-vox-markets/

He’s more positive than the trolls who are trying to talk you into parting company with your shares.

Thanks for posting it Chesh, and I am sure that you realised that I meant to type ‘wouldn’t in my last one, and not ‘would’! Fat fingers all over ??

Damn, it would let me post the link to BLOE’s Twitter post from last April, so that is the wording of it, but if you check the Twitter feed around that period you will see pictures of the pipeline being installed.

Confident or what?