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Block are much further down the line than they were 4 years ago. I have said before and I will again today to oust PH when he obviously has the relationships and connections and so on would be madness.
I really think it should be recognised that the company, PH, or whoever you want to give the credit to have not took the easy option and diluted the company to hell. And this includes during COVID. What will return shareholders a real decent return here is if the farm out happens, company is sold or anything of similar positivity then the relatively low number of shares available will move the SP northwards dramatically. I would not underestimate either how many of the shares are held in the hands or large holding PIs and others. I can’t see any of them, myself included selling at 3p,4p,5p etc.
Good luck all LTHs. A little more patience is required.
I transferred maximum worth to ISA first thing this morning.
Should show within a maximum of 4 days.
GLA LTHs.
Grower69 same here, best of luck to you and all LTHs. I have always believed there is a reason why they have not done what the vast majority of other AIM companies do, dilute the hell out of it. Its all about patience now.
Grower69 I share many of your views. For me the real worth will be realised because the company have done everything they can to not go down the mass dilution route. I have said before they should be congratulated for that. I’m sure they have reasons for doing it.
It’s fine having a company work 200m but if you have billions of shares then any meaningful good news just can’t move the SP substantially North. I have been accumulating here for a considerable time whenever I can. Sitting on 9.5m shares now. I suspect I am not alone. For me if the SP went to 3pm that would be life changing at where I am at in life. Just for the record I will not be selling at 3p mind!
Good luck all LTHs. I am all for balanced debate both for and against a share, but this BB is a much nicer place now.
Grower69 I have to say I did have a good chuckle when Hep offered an opinion and then Mickey realised in his 2nd post that he had invested in another failed AIM company. I suspect you are right about who the true identity was. The bloke needs serious help.
I'm continuing to wait patiently, lots of news coming relatively soon, hoping to transfer a good chunk into my ISA shortly. GL all LTHs.
Grower69 With an average of under 2p and a substantial holding I hope BLOCK will be a life changer for my family and myself. You pays your money and all that. It really doesn’t take much for the crowd to arrive and then away the SP goes. Especially considering at the number of shares in issue and who they are held by. Of course a buyout may occur before that.
It is certainly the most confident I have felt for some considerable time.
Best of luck.
Grower69 And let’s not forget the continuous delist, delist and delist that the troll Sarah used to post night and day at the end of every post. And for some other posters from the other share there is no reasoning with them either. I have tried but they are lost in a world of bitterness from their failed investment.
For the record at the time I would have preferred they kept drilling. However, what was coming in through P1 was not adding any value to the share price. I believe the Georgian Government want the other projects up and running as soon as possible. So if that constitutes them indicating what their feelings are in their own country to BLOE then so be it.
I do agree with your point that P1 has given us the revenue to be able to get us this far without need for any dilution, unlike companies such as 88E. As you say we have not had a raise for years. We may need 1 more drill to keep production cash positive, depending on what is occurring at the moment.
As always good luck to all LTHs. And if people are going to call out Chesh for what he may have written, well there are an awful lot more posters who need to be called out first for the untruths they have posted here..
Focus on the future, the past has gone. I speak as someone who is invested here in the millions (that's shares not £s).
Rlightor No I have not seen any figures. If anyone has any it would be very useful and informative. Many thanks.
Mrnaddy100 for what it is worth I think the same as yourself. To suggest that they have only started to source a potential farm out once the official announcement was made I think is naïve. I think as you say the big wait was for the CPR to be published. As always time will tell. Good luck to you and all LTHs. For me positive times ahead.
Wishing all shareholders, BLOCK employees and BOD, and the few remaining afflicted posters on here, a very Merry Christmas. Stay safe and be happy.
"The Company remains focussed on delivering a quantum leap for our shareholders and has an extremely busy first quarter planned in 2024…. I look forward to reporting on our progress early in the New Year".
Our patience will be rewarded.
Yes ROCKLAWN nice to see. I have topped up and averaged down these last few days. Tried again today but could only get a quote to buy £500 on HL. Good luck to you and all genuine LTHs. Its worth being invested here for the entertainment on this BB alone.
Cunningfow never a more few true words said. No conscience, no morals, can't even pass a resolution. Absolute disgrace.
I stuck up for the guy on these BB for I don't know how long. How wrong was I. GL to all LTHs.
Greybadger interesting point: Can’t believe the rig and personnel are stood idle waiting for the next drills. You would think and certainly hope not.
Problem is we just don't seem to know at the moment.
Hepseal I take your point about simply being low on cash and can see that is a real possibility. Its hard to calculate with the possible recent sales, how much generated and so on. Is there any declines in production? We will have to wait for the next update. You can still sell millions of shares, none of the big players seems to be selling, and there are very few buys or sells. So not sure what to make of that. You would think if there was real issues then some may be getting out.
Hepseal
Madman-Rob For what its worth I pretty much agree with everything you have said. I am disappointed that the drilling seems to have stopped. Low risk, increase volume and revenue etc.
I have listened to the interview several times and read up. I believe the Govt has had something to do with the apparent change in direction. Paraphrasing this in my thoughts, comments about licenses and the length of time they have been held with nothing meaningful coming from them. Hence why I think the company has been told to get on with it, along with others, and help deliver energy security for the country. Just my thoughts. GL all LThs.
Rlightor Yes nice buy. Be good to see some build up in buying and the SP now that people have been told what the company's intentions are. Not everyone may like what they have been told but at least PH has said what their plans are.
I think it is fair to say pretty much everyone has already made their minds up about the company and PH. Nothing they say now will change many opinions. They are certainty marmite. Its wait and see who is right and who is wrong.
I have watched the video twice. He seems very confident and doesn’t seem worried at all. Certainly some big plans and expectations. It is what some have thought, they think it is time to move on to much bigger projects and collaborations. Also think undoubtedly the administration have had something to do with the change in direction. The multi-million-pound question is who and how will they pay for it. Time will tell.
GL all LTHs.
Thanks you cymro1864 and mikee_P. Very interesting. GL everyone.