Member Info for schlemiel

Error -

That's BMN not BLM which as we all know is a vulgar organisation that is reviled by all decent thinking people

Mister. E

Here's link from the Bushveld Perspective (he or he used to be a BLM shareholder) that explains the DMA (Direct Market Access) system (the order book system for market professionals and those private traders who may decide that paying £2500 pcm is a worthwhile cost to place direct orders onto the order book and affording the opportunity to participate the auction process that now occurs 5x per day).

The process of order execution is a complicated one and one that I fully don't understand because I have never used it. I prefer the normal route that most private investors tend to use, which is at best and instant execution either online or NT to your broker if liquidity is lacking on a tight stock

The idea of Market Manipulation by insiders and Market Makers and discussions relating to it is a topic that has been flogged to death. Of course it happens of that I am certain but spotting it is beyond difficult and a futile exercise. Accept it happens and there's jack-shat we can do about it

https://www.thebushveldperspective.com/blog/public-articles-1/post/auctions-uncrossing-trades-and-evidence-of-manipulation-291

From 4 July 2021 -

'Another exciting week for Hurricane Energy (AIM HUR OTC HRCXF). On Monday, the High Court refused to sanction the restructuring plan (the key court documents, which contain some fascinating information, are in the private blog) and the defeated Hurricane board continued to witter on about liquidation and risk of no value being returned to shareholders, further threatening that if the non-executive directors were removed at the meeting on 5 July, it was likely the NOMAD would resign with immediate effect and trading in the shares would be suspended. By Wednesday, though, the HUR directors had started to accept the new reality and consented to board changes with immediate effect. The share price had a strong week, more than doubling to 3.52p. The restructuring plan valued the shares at less than 0.1p.'

http://**********************/

What are the 'key court documents' he refers to?

I wonder if we have a discounted placing in the wings now that the threat of a management contrived insolvency has been banished?

The bondholders must be appeased somehow. They are the proverbial elephant in the room. That needs imaginative financing to strip them off the balance sheet

bartle - thanks

https://www.ft.com/content/0d60da9b-54ad-4027-b054-2ff25261e506

If US shale supply is unable to respond to higher prices then higher oil prices are almost inevitable as OPEC then has the reins without the unchecked supply from the US

I have real time pricing with ADVFN but I can't work out the closing price

Oil Demand Is Outweighing Supply: Oil Inventory Analysis And Implications

9 July 2021

Summary

Oil narrative is improving with repeat inventory draws.
Inventories have fallen below their 5-year average.
Oil futures are in backwardation.
The oil-oriented rig count is not keeping pace with price increases.
OPEC+ may have less production capacity than broadcast.

Over the past year, the narrative on the oil and gas sector has shifted from nearly universally negative following the oil price crash in 2020, to more bullish by mid-year 2021. Recent forecasts from large investment banks have been increasingly bullish as well, with Goldman Sachs increasing their 3Q oil price projections to $80.00, and Bank of America stating that expectations of "strong demand recovery would outpace supply in coming months and could lead to oil prices briefly hitting $100 per barrel in 2022."

One of the major reasons that the narrative on crude oil has become more bullish is that the latest reports on crude inventories show a rapidly tightening market, well beyond prior expectations. Oil production has risen much slower than oil demand, which has nearly returned to pre-pandemic levels, causing a major decrease in crude oil inventories in recent months. Below, we address the recent changes in the crude oil physical market and share our thoughts on the relevant implications.

continued.....

But OPEC+…?"

Capital starvation in the oil and gas sector since the 2014 downturn has resulted in a lack of investment in oil production and infrastructure over the last decade, substantially decreasing likely global reserves and production capacity. Also, OPEC+ spare capacity could be less than advertised, and may not be enough to satiate increasing demand.

The end result of this inventory analysis: a convergence of factors has left the market tighter and more susceptible to rapid price increases than in prior years.

https://seekingalpha.com/article/4438433-oil-demand-outweighing-supply-oil-inventory-analysis-and-implications

bartle

Feck me, that's wierd. ADVFN is showing down 14% and then the 15m printed at 3.78p...i'm confused, very confused which to be fair is my normal state of affairs

thanks

oil prices looking very bullish

Kama

What closing price do you see mate?

Well, that's not pleasing at all. We await news.

Ref

I don't know of one that would provide the data you seek. Real time pricing is available but then you probably know that already

Sorry

ps As an aside. The settling down of the price and activity is encouraging. Formin a decent base though we do need positive news to reinforce the investment case of Hurricane.

senseman

cheers fella

appreciated

An extension for the Aoka Mizu FPSO is massive for Hurricane. It is the company's route to secure its medium future and will massively improve the market's confidence in the company's future. It will also signal the continuing solvency of Hurricane.

The fear of insolvency must be destroyed to get the price moving

senseman

Is that kosher fella? Is what actually happened?

cheers

'Solaris Resources reports high-grade intercepts at Warintza in Ecuador'

https://www.mining.com/solaris-resources-reports-high-grade-intercepts-at-warintza-in-ecuador/

''Highlights included drillholes SLS-24, which was collared on the south-eastern limit of the Warintza Central grid and drilled into an open area due east. The hole intersected 952 metres grading 0.53% copper, 0.02% molybdenum, and 0.04 gram gold per tonne (0.62% copper-equivalent) starting from ten metres, including 502 metres of 0.57% copper, 0.02% molybdenum, and 0.05 gram gold (0.67% copper-equivalent).

Hole SLS-25, collared on the western limit of the grid and drilled into a partially open area to the southwest, returned 382 metres grading 0.62% copper, 0.03% molybdenum, and 0.08 gram gold (0.77% copper-equivalent) from 62 metres, including 230 metres of 0.87% copper, 0.04% molybdenum, and 0.10 gram gold (1.06% copper-equivalent).''

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If these grades are termed 'high grade' then surely today's results are also 'high grade'

Hole 8: 106m @ 1.02% CuEq
-- Hole 9: 108m @ 0.97% CuEq ([1])
-- Hole 10: 70m @ 0.73% CuEq
-- Hole 13: 174m @ 0.92% CuEq

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How the feck are Solaris's grades classified as 'high grade' and yet today's results are treated with complete and utter indifference.

Yes, I have sold. I didn't want to cos SOLG's assets are premier but I can't afford (personal financial circumstances) to be in a stock that doesn't deliver in terms of price appreciation

Fingers crossed it all comes good for holders

https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/334219/bluewater-very-keen-to-discuss-longer-stay-for-fpso-on-hurricanes-lancaster-field/

Crystal Amber said today (30 June 2021) “Last week, Bluewater Energy Services made contact directly with Crystal Amber in which it stated that it remains very keen to progress discussions and investigate solutions and proposals to extend the charter beyond June 2022.”

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Judgement was handed down on the 28 June 2021. Bernstein said Bluewarer contacted him last week before the judgement was handed down. Why would Bluewater contact the main shareholder of Hurricane rather than contact the board of Hurricane? How feckin' odd is that?

Some might say that Bernstein's not running the Hurricane show. Well, Bluewater would disagree and appers to think he is. Is he now the de-facto CEO?

This company if knocked into shape could be a proper cash machine. Those ex-board feckers have crucified the company's operations

And all those billions of barrels (yes, resource classified but nonetheless) resources through to reserves wiped away in the blink of an eye. Not a minor downgrade whcih is what you'd expect from producing fields over time but a total and complete obliteration of the asset base. That doesn't ring true at all. In fact it feckin stinks of manipulation.

We're all desperate to know the truth of what's been happening behind the scenes.

I wonder if those reserves that have been downgraded can now be reinstated to reflect the true state of affairs?

3.615 to sell 1.5m so there's keen demand.

I wonder if KL is covering their short or is CA actively bidding?

Fingers crossed. I like others on here need this to come good or else it's Goodnight Vienna!!

I can't take this crap any longer. Gave away thousands in profits when it hit 43p and there's me thinking we had some game changing news to come but no, nowt materialised.

And now what I think it's a decent RNS is treated with complete indifference

I can't afford to be sat on capital until 2028 or whatever the date is for mining. I'll be dead by 2028

GLA...

I hope it all comes good and soon

CA lurking?

Just been quoted 3.67 for 1.5m..

there's a buyer in the market bidding above