Member Info for TonyFawcett

Being classed as clinically vulnerable, this morning from the DHSC I got a letter specifically stating that I asked visitors to take an ‘Rapid Flow Antigen test’ . Have HMG finally accepted that Antigen tests are reliable ? Are we finally the Sovereign LFT Test ? Is it us ?

Oil almost $84 a barrel

Oil up to $83 , at least there’s a light shining at the end of this tunnel.

The trolls and bashers are out this morning doom mongering . Let’s all calm down and wait for the clean up to finalise.

PH probably is not very popular with his employees who have taken shares as 40% of salaries.

We are where we are, disappointing but there it is.
Let’s let them get on with the clean up and then we will have a better idea of the flow rates and situation.
PH is losing the support of us all now, let’s hope he can redeem himself. It might all be different in four weeks. GLA

The only way the Concert Party could possibly take control now is to put in a lowly offer for the company, there’s a lot of disappointed long term holders on here. The SP is about the right level for this to happen, that is why the BOD should level with the shareholders and release the initial flow rates and an operational update. The BOD have a responsibility to the shareholders to build the SP, not just sit quietly hiding. It’s clear the lack of information is dragging down the SP. After we supported the Board at recent EGM’s they need to start keeping us and the market better informed. I am hoping we will hear something very soon, the employees, directors and contractors who have taken 40% of their salaries in shares will also be getting disgruntled. GLA

Well there is certainly a lot going on at Block,
They will be busy working on projections and re writing cashflows reference the latest price surge in Oil/Gas , we might get flow results this week or beginning of next plus Operating Update next week or the week after. It’s going to be an interesting couple of weeks. GLA

Global oil supply-demand deficit larger than expected: Goldman Sachs’ -

$81.40 a barrel now , could hit $90 by the end of the month.

We are proud to announce that Medusa 19 has been approved by the NHS Microbiology Framework Lot 1 for Goods and Services, for the supply of SARS-CoV-2 Lateral Flow Tests throughout the UK.

Medusa 19 are one of multiple selected suppliers to this Framework Contract which will run for the next 4 years and has a value of up to £3 Billion.

This Framework Contract allows the provision to all UK Government Departments and Trusts across England, Scotland, Northern Ireland and Wales subject to access agreement signature and Schedule 6 pricing, to supply the Rapid Saliva Protein Test (RSPT) and Avacta’s professional use AffiDx SARS-CoV-2 Antigen Lateral Flow Tests.

The Medusa tests detailed above and other parties lateral flow tests are now available for purchase by various government departments subject to their demand requirements.

Directors and Employees prepared to take shares as 40% part salary suggests they know more than we do, it gives me a certain confidence that the share price will recover once we have flow rates and a positive operations update.

Someone’s Bloe ‘n the doors off , nice 1 milllion purchase . GLA

It still begs the question why are Directors, employees and Contractors happy to be paid in shares ?
You can’t pull the wool over my eyes, things are a lot better than they seem.

Interim results were announced on 30/09 last year, it could be that flow rates are announced with interims. Q3 update will be a separate RNS to the interims so as you say initial flow rates could be announced then, they will still need more time till full stabilisation is achieved.

Close period RNS examples:

For instance, the company might wait until the financial results are published before revealing the test results for a new product or plans for a new initiative to expand operations. There can be cases wherein a company must report news or statements during the close period even if it might influence share prices. Accidents and calamities that affect the company’s operations may need to be publicly acknowledged. A disaster at a company’s major production facility could not be ignored regardless of a close period. The sudden or unexpected departure of members of executive management likewise can call for public statements by the company that cannot wait.

Oil has hit $80 , the highest it’s been since 2018 , this will be accounted for when the SP gets it’s re rate.

Goldman Sachs on Brent crude, saying the next leg higher for the price of oil is "from a cyclical to a structural bull market"

Brent oil prices have reached new highs since October 2018
We forecast that this rally will continue, with our year-end Brent forecast of $90/bbl vs. $80/bbl previously.
While we have long held a bullish oil view, the current global oil supply-demand deficit is larger than we expected, with the recovery in global demand from the Delta impact even faster than our above consensus forecast and with global supply remaining short of our below consensus forecasts.

The current oil supply-demand deficit is larger than we expected, with the recovery in global demand from the Delta impact even faster than our above-consensus forecast and with global supply remaining short of our below consensus forecasts.

GS looking for $90 in December - January.

Oil price is knocking on the door of $80 a barrel at $79.6 , oil has risen 104.13% in the past 12 months. Speculation that it could hit $100 a barrel by the year end. This will have a significant effect on Blocks revenues in the upcoming interim results and full year forecasts will need to be updated especially if the speculation turns out to come to fruition.

We shall find out a lot next month, it should be transformational.