Member Info for quercusrobor

https://www.bloomberg.com/news/videos/2019-09-16/oil-analyst-sen-saudi-strike-puts-geopolitical-risk-back-in-market-video

Block Energy

Block has announced that they have appointed William McAvock as CFO and importantly a member of the board. He has plenty of experience and enjoyed senior positions at Gulf Keystone which would give anyone the experience for Georgia. Appointing an experienced CFO to what is a good quality board is a wise move and hopefully he will be able to add much in the important coming months.

I met with Block CEO last week as I hadn’t seen him for a while and like others had been confused by some of the recent announcements. The 16a well at West Rustavi in Georgia came in with exceptional test rates earlier in the year and was shut-in due to a shortage of storage locally which has since been sorted by leasing at a facility owned by the GOGC. As I understand it the well will prudently ramped up whilst enjoying excellent net backs of some $35 pb at $65 Brent and whilst achieving production rates such as were found on the exceptional test is unlikely, time will tell on the correct rate.

More recently the company announced that a rig had been mobilised to the site of the well 38Z still on the West Rustavi field where a horizontal sidetrack is planned. This well is updip to the 16a well but both are targeting the Middle Eocene formation and will be followed by three other wells across the field. As previously announced the company are in the process of acquiring a 3D seismic survey to accurately establish the optimal locations for production.

It would be fair to say that recent communications with shareholders and potential investors has been somewhat patchy and the company are determined to get back any lost ground. Today’s RNS starts that process and it is worth noting a new IR comp on the ticket, other plans such as hiring high quality industry specialist consultants is also in progress. Finally, Wi th it’s placing above the current price the company are determined to do anything necessary to regain confidence in the company the share price, I will give it the benefit of the doubt due to its high quality assets.

re....Malcy interview last Wednesday, as yet no feedback assuming it happened
LuckyStrike5
MalcyMon 09:08

I just twitted Malcy re interview with PH and this is his reply : “I’m back today so will write up and publish shortly!” Hopefully shortly mean this week!

...presumably you saw this?....maybe not...which might explain your rather jaundiced comment...(benefit of the doubt always given....though not always merited)

re..J.udging by the way Mr Mkt received what seemed a pretty good outturn from LTG this morning....
and Kape this mng....
RE: Excellent results and sell off, down to 12 month low?...https://www.lse.co.uk/rns/KAPE/kape-technologies-half-year-results-637bj3ddbw8aqkq.html

tricky times....

For record..I am a long term investor here.....with an average way below where we are now.....and I have taken a good profit so I am really in neutral commenting in this place.My own view ,fwiw.....is that it is now 'show me the money time'.Nothing at all original in that....but I merely state it..so as to cut through the sometimes rather hyperbolic /over emotional comments...no more no less.
Judging by the way Mr Mkt received what seemed a pretty good outturn from LTG this morning......I'm not holding my breath....I much prefer to be pleasantly surprised rather than hve over extended expectectations.

re..JW went out of his way to tell people not to sell, Not to buy either, Expected a few % drop but he does say not to buy in a riser SP, But then when he bought safestay, the rsi was over bought, he was telling people to buy.
(I do like the bloke)...... but he does look after number one......lol.....WHAT DO you expect??

.....he must think that everytime he puts out a video recommending this that or the other....the latest spivvy gismo etc.....that Christmas has come early;).....imho...he is considerably worse than the proverbial tipsheet.....I hve no axe to grind here at all as I hve never ever acted on his 'advice'...but would urge everyone to DYOR...its your hard earnt!

Saudi’s oil supply to the world could be cut in HALF as production of FIVE MILLION

Saudi Arabia's oil supply disrupted after drone attacks: sources

From reuters.com

Saudi Arabia’s oil production and exports have been disrupted, said three sources familiar with the matter, after drone attacks on two Aramco plants on Saturday, including the world’s biggest oil processing facility. One of the sources said the attacks have impacted 5 million barrels per day of oil production — almost half the kingdom’s current output. The source did not elaborate. Saudi Aramco operates the world’s largest oil processing facility and crude oil stabilization plant in the world at Abqaiq, in eastern Saudi Arabia. The plant has a crude oil processing capacity of more than 7 million barrels per day.

https://www.bbc.co.uk/iplayer/episode/m0008cc7/china-a-new-world-order-series-1-episode-3
Six years ago, President Xi Jinping became the leader of China and the head of an economy that is crucial to the rest of the world.

This third film in the series explores the growing tension between China and the west over allegations that the Chinese state has engaged for years in large-scale industrial espionage and hacking to steal the west’s business secrets and technological know-how.
One former US official has described it as the 'largest transfer of wealth in human history'. China denies the charges – but growing anger in the US is fuelling the trade war with China.

cont..
According to Reuters, U.S. hemp sales are expected to reach $1.9 billion by 2022. So a reliable hemp supply chain in the U.S. means that we’ll likely see more hemp-derived products hit the market soon. That could, in turn, help to drive ongoing demand for hemp.

And with pot still federally illegal in the U.S., hemp-derived CBD is the only legal source of the substance today.
Weed’s a trade war winner, indirectly at least.
And the success of hemp farmers in the U.S. brings us another step closer to broader legalisation.

Marijuana: Trade War Winner
U.S. markets received fresh hope following last week’s news that the U.S. and China plan to hold another round of trade talks soon.It’s too early to predict what will happen. But it’s not too early to predict a major move for one particular type of investment strongly connected to the trade war: cannabis.
Yes, that’s right, cannabis. Let’s unpack that prediction for a minute...
You might be surprised to learn that pot has a connection to the trade war.
How?
You see, Chinese consumers are big tobacco smokers.
In fact, there are more smokers in China than the entire population of the U.S. Think about that. It’s as if every man, woman and child in the U.S. smoked. As a result, it should come as no surprise that American tobacco farmers export most of their crop to China.
But lately, with tobacco export contracts being slashed by Chinese buyers, American farmers have been turning to another crop to hedge their bets: hemp.
As a reminder, hemp is a variant of the Cannabis plant that doesn’t get you high. It can be used to manufacture everything from rope and fabric, to plastics and insulation. Given its history in America, hemp is almost as American as mom and apple pie.
Some of the Founding Fathers grew hemp. And some think the original Declaration of Independence was written on hemp paper. During Colonial times, you could even pay your taxes in hemp!
Hemp fibers are incredibly strong, and they were used to make everything from rope to textiles and paper. We’ve found many additional uses for hemp, including using it to make super-strong plastics.
In the 1930s, thanks to the invention of new agricultural and processing machinery, hemp was touted as a potential “billion-dollar crop” that could be used in 25,000 products, create thousands of American jobs and reduce foreign imports.
Also in the 1930s, Henry Ford built a car out of hemp-containing panels, declaring them 10 times stronger than steel. He even used a sledgehammer to prove its impact resistance.
Hemp’s wonderful future never came to be, however. Hemp got caught in the federal effort to ban cannabis, despite the fact that hemp does not contain appreciable quantities of psychoactive THC. That’s what produces the mind-altering effects of marijuana.
But hemp is different...
Hemp only contains extremely low levels of the THC found in other cannabis strains. It can also contain high levels of cannabidiols (CBD), which have wide medicinal uses. In fact, we’re probably just starting to scratch the surface when it comes to CBD’s health benefits.
The passage of the 2018 farm bill officially legalised hemp at a federal level in the U.S., meaning that farmers are now able to purchase crop insurance on hemp, transport it across state lines and find a commercial market among manufacturers.
It’s not just tobacco farmers either — although they’re likely taking on hemp farming at the highest rates — grain farmers struggling with Chinese tariffs are also taking a c

lol....good analogy..take your pick..
https://www.google.com/search?client=firefox-b-d&q=Why+did+Gordon+Browne+dump+Britain%27s+gold%3F

re..They are aggressively selling their shares nearly half a mil dumped already and it’s not even 10am

How can this strategy be in their own best interests?

for goodness sake you two...
why dont you take your rather petty and personal sqabble to a private room.....or even better go behind the bike sheds and sort it out.
Your pathetic bickering aint contributing here.....

re.P.lums account is mostly correct. However the answer to the question about cash is wrong. Dan didn’t say there is absolutely no need for a placement.

hmmm...so is this now degenerating into a 'He said/She said...yes he did/no he didnt....'conversation?
...a casual observer could be forgiven for thinking that you are standing there with a long handled spoon stirring the pot.....

for ...straight and down.....
read.....straight up and down.

ok...before we start getting hyperbolic here;)...
https://www.linkedin.com/in/kirk-siderman-wolter-ba7282/?originalSubdomain=uk......seems pretty straight and down...even borderline impressive....
.....so lets assume someone has a periphry involvement in a 'charity'..which turns out to to be less than kosha...(happens all the time)...see..https://www.cambstimes.co.uk/news/police-chief-resigns-as-patron-of-cambs-group-being-probeb-by-lottery-1-5894513..

and then resigns'abruptly' from an unrelated business.
Defenestation immediate and complete.
Is there a problem?

how is any of this relevant to Nfx?

pt3
Biggest takeaway for myself - i cant comment on the rest of the shareholders present - the company is in good shape but it is still very much in its growth phase, getting more commercial agreements in place, there is far more science to be done and they would love to do alot more but they need to balance their ambitions with cash-flow.

My take on their presentation was that it was very slick, each member gave a good account of themselves and personally gave me little concerns for my holdings, but i am biased as I said earlier, i do hold a decent position.

This being said my only misgivings is around the CPI disposal, while i don't doubt Dan, he has no control over what they do in terms of how or if they dispose of the balance of their holdings, given the state of the UK and enterprises such as the CPI I do find it hard to believe they will stop their profit taking at this juncture, given its effectively a government body and they are quids in, i suspect they will liquidate the balance and given the recent price action it is possible this could be them but its only speculation.

Dan is aware of this problem as i mentioned in the previous post which is why he specifically mentioned about him having spoken to them about other methods in which they could dispose ie place with other shareholders, while he didnt comment on who would/could take those, he was keen to express to shareholders that he was on top of that.

My take on the whole thing is exceptionally positive which is why im a holder and i dare say most of you are, however we could get tested much as we had in summer if CPI choose to dispose of their holdings in the market despite Dan offering to facilitate an off market transaction.

The flipside to this is if a home is found for this holding off market i would expect the market to rip once the RNS dropped, while i dont really want to draw the parallel as the two shouldn't be mentioned in the same breathe but it would be similar to that of ITX when the RNS dropped that Woodford was cleared of his overhang, that is the last i will mention of that charlatan.

This is likely the last post from me simply because i'm not a fan of writing when i'm not paid to do so, also trolling isnt cool.

Hopefully some of you will find this useful, for those that don't, that is fine also.
Plums

Dan was asked what he was most excited about and he said NXP002 had huge potential commercially and it was their most exciting "public" product.
Dr Joanne Holland was asked what she was most excited about, as a scientist she said the cannabidiol structure was incredibly exciting from a science and commercial perspective given how little the market really understood, the NFX had a huge amount of room to apply their technology which had the potential for a huge range of unmet medical needs.

Dr Holland was asked how the decision making process was formulated in terms of science led or commercial opportunity led. She said its a delicate balance of both, their critical goal as a firm is to improve medical compounds to address the unmet medical needs market wherever that may take them however it must make commercial sense to do so, so they wont invest burn cash on a folly.

Dr David Tapolczay spoke well and took control of a great amount of the commercials particularly around the Chinese having worked with NSB and members of their staff who had worked elsewhere before NSB. He understood the patent process in China extremely well and reiterated the need to have NSB in our corner for the China market who will protect their IP as there is a huge thirst for western medical treatments.

A shareholder had asked about market volatility, he said it was unfortunately something that goes hand in hand with being listed on Aim given divergent trading strategies by some more unscrupulous traders however he wasnt concerned, it was simply part of being a member of Aim, he said the commercial results will ultimately do the talking however he did say it was worth remembering we were trading at 2 at the start of the year and this was a multi year company strategy.

Broker update: He said it wasn't a requirement however he did hope to have news about that in due course as they would like to have more of a voice in the market.

Asked about the genesis of the Ebers deal given most here on this board possibly werent involved prior to this RNS. He said they solicited them as they had investigated cannabidiols from an NFX cocrystal tech perspective, they surmised that Ebers had the best reach to quickly go to market with any products that they are able to patent. Dan said that Ebers was at the forefront of the Cannabis market and was plugged in a large vertically integrated US producer/Manufacturer that would allow them to scale while Ebers Canadian law know-how would allow them to navigate the legal structure around patents.

We covered some other things im sure but i think its pretty inconsequential otherwise i would have remembered.

Biggest takeaway for myself - i cant comment on the rest of the shareholders present - the company is in good shape but it is still very much in its growth phase, getting more commercial agreements in place, there is far more science to be done and they would love to do alot more but they need to balance their ambitions with ca

for those who havent seen this...and my tx to Plums
Brief Rundown from today.

Disclosure: I've read these chats for over a year, my holding is >2 Mio, this is a new account as i don't usually participate on boards, its not a conspiracy.

All resolutions were passed with little fanfare, simply a product of necessity with the exception surrounding Kirk Siderman-Wolter, this was down to "personal reasons", obviously that could mean many things but I dont believe any real value needs to be assigned to it given his position within the firm.

Once resolutions were passed, Dan addressed the room about the past reporting period, nothing new that isn't already in the public domain.

The floor was then opened up to questions:

China Payment: Update in due course, no cause for concern but the concern itself, he understands the market assigning a negative value to the protracted nature of the payment however he indicated that there were more commercial discussions surrounding this, the payment is tied to other potential commercial arrangements. he went to on explain about how the patent process works in China and how partnering with the Chinese protect's Nuformix potential patents so this is a very much de-risked proposition now the science moving in the right direction. He understood the markets misgivings but the team was working as hard as possible to get through the Chinese bureaucracy - i might add that having experience in doing business in China & Asia broadly this is very much the case. As per all interviews he will update when he is in a position to do so but there is no cause for concern but understands that it could impact the SP.

Capital Structure: No intention of a fundraise, they are funded and exploring further opportunities with counterparties given the precipitous drop of GBP, this makes nuformix attractive in terms of cheap Intellectual Property, a shareholder asked if there was a chance of pre-payment of milestones etc to take advantage of a cheap GBP given counterparts are based outside of the UK. Dan confirmed this was an option or something structured similarly to take advantage of current GBP weakness and was quick to point out this was already discussed as a possibility, he couldnt go into details.

CPI Disposal: He chose his words carefully however it was clear he was not happy with how the reduction was handled but he had indicated that he had discussed with them that if they wished to liquidate that other options were available to them as opposed to the open market which they have taken on-board. In terms of the profit taking itself he said it was natural given the relative success of their holdings with NFX being political capital for them as they are under a great deal of pressure to show their program is working, unfortunately as the program is under scrutiny short-termism is taking centre stage at CPI.

tbc