Member Info for SomersetHippy

I get where you're coming from, but there are still reasons to be optimistic. Pantheon's got multi-billion barrel oil-in-place estimates across their acreage, and while they haven't nailed down consistent flow yet, encouraging intervals show the system can flow. Further appraisal and design optimization could really turn things around. The market broadly accepts the hydrocarbons exist; it’s just a matter of making recovery more reliable. Until then, even modest recoverable volumes could create significant value. Let's hope they keep pushing on this front.

The placing shares (1.4 billion) were due to be admitted to trading on May 4th and then the additional 100 million placing shares were admitted to trading on May 13th. This was announced in the May 10th RNS: https://www.lse.co.uk/rns/CLON/consideration-shares-to-be-admitted-to-trading-chijias742cbe83.html

Between May 4th and May 13th there have been 2.3 billion shares traded in Clontarf according to investopedia so I imagine that a big chunk of investors who wanted to make a quick flip have already done so.

As you say, there is no way of knowing for sure but I expect that the overhang will clear soon and we will have a big upwards shoot after spud with nothing to stop the upwards trajectory.

So in 6 weeks, we will know if the drill is successful and if it is then we will at least 10 bag from here?

If it is not successful then what back-up options do we have to hold the share price up? What information is there on the Chad and Ghana petroleum projects and does anyone know anything about the lithium? Basically I know how high this is going to fly if the drill is successful but I am trying to work out how low it will tank if it is not.

Kyle Snyder, just so that I am 100% clear, the article that you posted earlier is about the Sasanof project that Clontarf have just taken 10% of right? Which means that.

a) The drill is fully paid for
b) That prpearing the rig has already begun
c) That spud would be on May 24th
d) That the drill is targeting 17TCF worth of gas prospects

If I am right in my understanding above then this means that if we are successful we will have a 10% share of a field that is worth well in excess of $2 billion and so the Clontarf share would be worth £100+ million. Can anyone confirm that I am right? Also, does anyone know how long the drill will take?

I bought into Ajax Resources last week simply because I looked at the significant shareholders section and recognised the name First Corporate Consultants. For those that don’t know, this is a company run by Terrence Mourdant who is a very big name down here in the West Country. Through First Corporate Consultants he owns the lease on Bristol docks and via that and other investments he has made himself a very rich man. The 2019 Sunday Times Rich List put his net worth at £380 million but knowing what I do about him I would say that this figure significantly underestimates his real value.

I have had some experience of working alongside Terrence and his agents in the past and I can assure you that he is a very smart man who makes money at pretty much everything he does. If he is invested here then it is a very good sign, and he is definitely not the kind of man who only wants a small return on his investment. He has invested £100,000 here and my suspicions are he will want at least a five times ROI. I’m just happy to hold onto his coat-tails and come along for the ride.

What news are you expecting to have been leaked? We are just waiting for them to decide where to drill the next sidetrack and announce the spud aren't we? Or am I missing something?

Easy to invite countries to a conference, much more difficult to make them attend, especially if it will incur the anger of the West who finally seem to be getting their act together and properly wielding power against dictatorial regimes. The gloves are off now and countries are going to have to take sides.

rxdav, you have said that you have a theory as to who is selling and why they are keeping the price low. Who do you think it is and why would they be doing this?

Fantastic news. Completely derisked now. Company have now shown that they have decoded the geology and have 12 other targets. The fact that the company is now cashflow positive is a huge milestone for Block. The only way is up from here.

https://twitter.com/ladyofaim/status/1446569680097972224?s=21

200+

Thank you Holly Roller have emailed you. If we stick together we can beat off any changes for the worse.

Nice prediction.

His post on Feb 16th was positive for Block but did you notice how he gave all of the credit for this to Fitzpatrick and Ferguson with the line "Shareholders have been holding the board’s feet to the fire in recent months as it was most definitely needed but is now being rewarded." What on earth did it have to do with them? This is just further proof that he is backing their takeover attempt if you ask me.

I've no idea why there is so much moaning about the MD putting in £110k of his own money to excercise his options. He has significant skin in the game and owns 2.5% of the company so his interests are totally aligned with those of shareholders. Also in my experience when management buy in like this it is because they believe in what is going to happen in the near term future and want to get in nice and early so there is no conflict of interest. As oliverbargain says the turnaround is imminent.

Ignore the doubters. Big money coming into Block already from a contrained flow. Almost $1 million a month coming into the company MINIMUM!

No more placings to cover costs. Massive re-rate coming.

This is going to fly!!!!!!!!!

I bought in here back at the beginning of December thanks to some of the informed posts that I read about the potential here and the research I did myself. I am already up more than three times my initial investment, but I wondered how much higher some of the more experienced posters thought that Zenith could go in 2021. Thoughts?

Hopefully that was just a tree shake. We all know that there is so much more good news to come here.