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You could sell 4m in one hit on HL before the close. MMs happy to take them. I'm off for the weekend. Have a good one all everyone, keeping the faith and patience.
Have a good weekend everyone, nice to finish with a smidgeon of blue.
For once I timed my buy yesterday correctly. Looking forward to a good week next week.
ROCK Interesting thing is on HL you could hardly sell a share most of the day then when I checked after 4pm you could sell 2.5m in one hit. Keep saying the MM are happy to take chunks but of course that does not seem to be moving the SP in the right direction. I think you summed it up exactly that this share is not in vogue at the moment but we have both observed over the years that can change with the blink of an eye. The ones that have always stuck with me are the shares that I got out of early, not the ones that I stayed to long. That's just my approach. Our day will come. GL to you and all holders.
ROCK I share your frustration. I didn't expect any real reaction to the RNS. The only thing for me that will get the SP moving Northwards is when, and I do hope when, they announce a major well success with a well. I believe many of the shares are in sticky hands but we need new investors to get the SP moving. I believe this is a great risk to reward investment for anyone getting in now but we need others not invested to think the same. GL everyone, I dare not mention the P word again.
Scrodingerscat Thank you for your polite reply. We disagree but I do take your points. Best of luck to you and lets hope we both get the returns we are hoping for. GLA.
Rock I hope so. I suspect it may be another few months for major SP gains, as frustrating as that is, but I have never been more confident that they will achieve their aims which fit nicely with genuine PIs. They just need to hit one major well, while they are generating enough revenue to keep looking for it.
GL, I'm saying to myself patience, patience!
So the directors have bought share, are taking shares in leu of salaries and have now announced they are putting up a loan to the company to progress it more quickly. And they could have gone to the markets instead and issued a load of confetti shares for next to nothing and wiped out any potential future shareholder value. Thy seem determined to limit shareholder dilution to me as much as possible.
GLA, todays RNS a big positive tick.
Scooby spot on Just ignore the ex FRR and people who are bitter towards the company rather than addressing their own decisions. The FRR holders have some serious issues between them.
Like everyone else I am waiting on news. Frustrating yes but if it is the news we are hoping for then well worth the wait. As we have just entered February I would think a RNS will be issued under the salary sacrifice scheme, before operational news. I also think that It is quite likely that the well could be flaring gas by now. GLA
Thordon You are spot on. BLOCK and shareholders just need one really successful drill and that will attract partners for the other major projects. The company are doing really well not to be raising through giving away millions of shares. Yes I know salaries. But if they hit one big one, that is all it will take. And that is why I invest, its all about the potential of huge gains against the risk. GLA, tomorrow is another day.
ROCK Not sure about next week but getting closer for sure and they are still releasing the social media so surely they muct be confident. GLA.
Back to being able to sell 3.7m in one go with H&L. Interesting times. GLA.
I'm of the same line of thinking. After all the social media surely it has to be a winner. GLA, news cant be to far away now.
Maxcaddy There you go just for you, and all the BLOCK holders. GLA.
Chesh Some really interesting information, thank you. GLA, got to be getting close to news.
I've always had confidence that at some stage BLOCK will achieve its goals and become a sizable producer. What I was always concerned about was the time it would take and how much dilution would have taken place. I have said it before I do think the BOD deserve a great deal of credit for as said by Thordon - keeping their head above water whilst still drilling and no new fund raise. This is massive upside for me. GLA, positive times ahead, the major increase of media news tells us that.
No bad news, positive steady update.
As pawnsacrifice just said, now is the time to step up with a successful drill programme. They are putting the hard graft in and have really stepped up the PR. Going to be a positive year IMHO. GLA.
cunningfox Probably one of the shortest but most accurate posts ever relating to Kibo. I defended the bloke for years, but what an absolute disaster he has been. Hard to believe he has managed to get away with producing absolutely nothing all these years.
Really pleased for holders that Kibo is back in the game, so there is always hope. GLA.
Positive weeks ahead for the company and shareholders. Found the social media releases very interesting, some excellent informative information posted on here from knowledgeable oil people. Much appreciated. GLA holders, let’s make some positive returns on our investments.
Thordon I could not agree more. Lots going on and the positive PR coming out of the company is telling me very positive times ahead for shareholders. Its really starting to come together GLA.
BLOCK do not seem like a company that think they are going to fail. Big things planned here over the next few months. Confidence is continuing to grow. GLA. I'm going to have anoter top up when I can.