The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Unfortunately this drop is predicted not by how well ITX preforms but in share consolidation , that being its in the mind of share holders we have 200p now and need to sell.
Minority of share holders do not read RNS or anything related to the company just buy and sell , set there sells at X and sells at Y. Problem is this sets off a upward or downward trend by default.
Looking at past its 8 months till next half way results , long period without news.
I will always try to find good news , Europe in dish washer is next one which has not happened yet.
Well have to say a welcomed RNS , puts Block Energy still in positive cash flow.
The point that everyone is picking up is Barrels per day which seems stagnant , this was addressed in other wells still performing inline and the fact this was a announcement on flow rates of new well.
We have not had the next update on production update and this may give clues , maintenance ? who knows.
All Block Energy need to do is keep drilling and to end point of Farm out of Project 3 & 4 for which project 4 has georgian government interest of 22% in the project.
This has been about the end game Project 3 & 4 have a estimated supply of 8 years fully dependant without importing.
Care not for Rampers or De-Rampers we take a risk and that's it.
We can not think what the flow rate will be , anyway the drill was a successful and no indications of flow rates except government inspection given there take of $3 million revenue in first year if that's true on that site.
To be true i will except any flow rate as long as not been a duffer.
Topcatz facts or information that may help , no one here is disreputable in the case of value that's up to the markets.
To slander is disruptful without replying to there question of how you come to these figures.
In the case of Microsalt question the fact that this could not be used in bread making and said there is no RNS to back this us , well one week later we got a answer and said i eat my hat.
The point is its a forum to communicate and discuss if we invested wisely.
With Microsalt is now a bread winner ( Punt ) , so investment case gets stronger which had dismissed in TEK investments.
Half years results on 27th September 2023 , as a note was lucky to get in at lowest value sold just over half meaning shares left are free.
Does not happen often but was out of flavour at the time.
Expecting break even or at least small profit , lets hope going by RNS previous.
Its only a currency loss if you convert $ for sterling and present all deals are made in $ and only if we make a profit this needs to be convert to pay dividend's.
In other words its a paper exercise conversion for reporting half year results.
BIO*Asterix® is going in my opinion to be the leader in years to come , so much so that ITX are building samplers for the multiple nationals to sample. We know from start to finish this takes 2 years to full order for company's.
Not being negative but in five years time should see 20 Times turnover , however next 2 years going to be 50% per year on turnover.
The only good point i keep buying when funds are available.
Im long term , spotted this 4 years ago and understood the patience required.
PS AJ and others good to see some great research going on , all of it gives us resersurrence.
Going by the brokers graph sould expect a increase of $1.5 Million compared to 2nd half of last year.
That would be near break even , so yes looking a one year to see the net profit in writing from ITX.
Also as a point the graph has only one direction due to recurring orders and new customers.
God time to buy , problem is seen it multiple times where share price dives after share consolidation.
Thanks Agricore , was interesting
As for looks Lucyd Stratus is more conventional looking in its range, if we could include camaras at some point that would be multiversal.
Depends how far you go , next after would be images on glasses lens.
Sarah there are helplines out there to help you
We have invested in multiple companies , that's our choice .
Your words are rebounding off our words to be negative.
I totally get you that you need feedback to your comments , the point is that this is a forum to discuss if we have invested at the right entry point and will this company make a good return.
Now the value of Block Energy is low so not a paid ramper , so maybe a paid eco warrior or maybe out of your mind and need help.
Posted several help lines for you if you are a female or male who knows.
PS find a company or where you can help , negativity breeds resentment in your own life.
Well anyway its good news , in fact last months RNS have all been positive.
We all have Question but that's why we post , bounce off each other .
In the end we are asking the question will our investment payoff - short term - medium or long term.
I'm more long term - however if i get a investment that doubles with 2 months i will sell 50% straight away , why the rest is free shares.
In general this has only happened 4 times and the first two did not and retracted from the highs.
Most other shares are held for 5 years
So have to double check but the deal with Georgian government is that Block Energy get 50% then the other 50% is split 25% to Block then 25% to the Government.
This changes once the Cost of all operation have been absorbed into the first 50% - Block Energy have over $130 Million Tax credits to use up.
So 3.3 million Pounds converted to Georgian government and rest 9.9 Million pounds to Block Energy.
That's hitting about 700 barrels a day , this based on government statement and the Tax breaks that Block have.
Again this needs checking as this from memory
Last RNS thought this a good indicator prior to testing of well ; also mentions "production information" which means that oil & gas is flowing.
Stephen James BSc, MBA, PhD (Block's Subsurface Manager) has reviewed the reserve, resource and production information contained in this announcement. Dr James is a geoscientist with over 40 years of experience in field development and reservoir management.