Member Info for Shedulike

Thanks Kilgeever and Chesh. Let's hope PH has learnt some lessons over the years and he wouldn't throw around phrases like quantum leap without having good reasons for doing so. Like I said I remain hopeful but I don't share quite the same enthusiasm for PH's record as some.

I remain positive and am naturally pleased with this rise, albeit from abysmal levels. However I think some of the plaudits for PH are slightly premature. I was a fan of the strategy of incrementally increasing production to create a platform for the more ambitious projects but I think the jury will remain out until something concrete is presented to the market. We have also had mixed messages on the actual status of P1, encouraging on one hand to hear 'cash positive' but then a comment about possibly needing another well to maintain that. If history has taught us nothing else it should be noted that maintenance, declines and shut ins have undermined output and each new well hasn't had the impact we had always hoped for. By PH's own admission PI has failed to grow the mcap but clearly this CCS opportunity is getting some attention, I just really hope that there is some substance behind it and it's not some moonshot roll of the dice in the face of the modest impact of PI and non appearance of the promised PII. All in all we need more than words and tantalising pics of PH with Chinese Execs, that's great but as soon as you do that the clock is ticking on getting flesh on the bones. If we don't get facts, figures and signatures soon then this latest rise might prove frothy again.

Ah yes we used to call them tabs back in the day, I assume there can't be any non PC Transatlantic misunderstanding there. Let's see what they come up with, I would have thought anyone with the finance muscle are going to want a big chunk of it but maybe there could be some government help to mitigate that.

Allusion not illusion!

Haha must be a US developer who supplied the auto censor software! For me a **g end is an illusion to a nearly finished cigarette, hope nobody was offended, probably get banned now :)

nothing wrong with a bit of speculation imo and all good fun but it's pretty difficult to estimate what a ccs project might mean to bloe until we know the terms of a farm-in or whatever mechanism they come up with to finance the project. still interesting times though and there might yet be government grants to get the ccs moving, maybe the geothermal also though i always get the feeling that there is an element of lip service when this gets mentioned at the *** end of a presentation.perhaps some legacy wells might be more suited to geothermal and others for ccs so we can contribute to georgia's net zero target on two fronts? for now it seems certain that they rate the ccs as the higher impact opportunity.

We do need to remember that the 2.77TCF is a contingent resource not a booked reserve so some way off proving what is recoverable, still potentially huge.

Lucky I still look in from time to time just to clear ups few loose ends - look boys have your fun but try to keep to the facts - just for clarity..... Denarius do not get 80% on the MLA being approved. Conditions following Option 1 (which incidentally isn't completed having not spent $4m and delivered a new PEA) hence as yet Denarius don't yet own 51%. For Option 2 (80%) requirements are completion of a compliant PFS and payment of $2m to EUZ, not a delivered MLA, come on fellas surely given the crap SP you can get your point across without deviation?

Let's be realistic - no major construction project happens without environmentalists expressing concerns, as is their democratic right. We have the backing of the authorities as evidenced by the acceptance of the MLA which allows the IP to run during the period of consideration. The MLA included all the necessary environmental studies, if it didn't it wouldn't have been accepted. Man made scars on the landscape such as the quarries that the Mayors want us to infill frequently create an opportunity for nature to find a way, look at central reservations on motorways all the way through to species that thrived following Chernobyl. It did amuse me that they cited Las Médulas as a site that could be threatened by the development of Toral, really? That was a mine itself exploited by a method known as 'ruina montium' where hydraulic systems basically dissolved the landscape. We're proposing MCAF underground mining where everything can be restored after the LOM. I also don't think that the argument that our mine might compromise 'hunting' is particularly cogent with claimed concerns over the local fauna :)

Https://www.infobierzo.com/bierzo/mina-metales-raros-bierzo-empleo_1007654_102.html

Https://www.londonstockexchange.com/news-article/BLOE/project-iii-farm-out-process-commences/16327290

The accounts are prepared in Perth AUS and as such "All amounts are presented in Australian dollars, unless otherwise stated", always have been. Basic salary $154,853 in 2022, and contracted for £112,000 / $200,473 in 2023 I guess to reflect becoming Interim CEO in Feb 2022. Note that they had already implemented the salary sacrifice scheme in Jan 2022 (50% deferred or accrued through shares).

Figures quoted in AU$ hence comparisons to PM salary are correct according to my post last week. Suspect some don't read the footnotes.

Just to point out another inaccuracy posited today, the corporate investors hold 'ordinary' shares which have no seniority over PI 'ordinary' shares. If anyone can find examples of issuance of preferred shares do let me know, from memory I don't think so. Providers of senior debt facility would certainly clean up before shareholders but suggesting that the "corporate investors" in EUZ would be "paid off" before PI's is yet another misleading suggestion.

No, when Myles was paid through Virico that was his salary not an additional consulting payment. He opted to be paid through a consulting service company that he set up, I assume (but don't know) it was likely done for advantageous tax reasons, I saw that at the time and got answers. LR did something similar but dropped it to be conventially paid in the UK before he left. Look I'm obviously not happy about the situation but I do wish posters would take minimal effort to post accurately, the cr*pness of the SP shouldn't be a license to post cr*p.

"It needs a rise now of 936% just to get back to where it was before its last drilling campaign".

- 5 April 2023 commencement of drill campaign at Toral (SP 3.15p), where do you get 936% from?

"How they justify their remuneration, currently about 1.5 times that of the prime ministers".

- MC on about £110K before salary sacrifice scheme (have you confused the $AU figure) not sure how much he gave up for shares, I think EK and DS get about $AU 3000/month. The PM earns a salary as both an MP and as a PM which adds up to nearly £170K, suspect you're just counting the MP salary. How on earth can you think that the Directors earn salaries 1.5x that of the PM?

For the record I think they are generously rewarded given the situation and undeniably there has been an utter failure to deliver shareholder value to date but let's keep the debate within the realms of reality and cut out the lazy hyperbole.

Very interesting and worth listening to a credible voice outlining a great opportunity for Block to utilise our "ideally suited" geology to not only cover our own O&G carbon but to be a service provider for other industries (fertiliser and cement mentioned). So we have a very credible theory, what we now need is a credible plan to put this into action and get the SP moving.

Certainly a picture is emerging but we need more than aspirations, pics with CNPC Eexs and strategy announcements - something concrete asap please BLOE.

Interesting RNS, not sure what the rules are country to country but here all large companies have to return an ESG report. This could be a precursor to a third party investment in PIII.

Grappa, seems you keep your ear to the ground, "We are entering into an important phase in our business plan as we bring each of our Zancudo, Aguablanca-Lomero and Toral Projects into production over the next couple of years", Denarius Metals.