Member Info for TonyFawcett

Lack of News Speculation creating uncertainty has been responsible for the drop in the share price , trolls have not helped by fuelling the speculation. However if like me you believe that good news is still to come then this a real bargain and well worth a punt. Only technical and operational hold ups have temporarily held back 16a , but this is sortable and definitely not a right off as the Trolls suggest. The news on Gas and W38 is still to come from a Company who has aspirations to become a mid tier Oil Producer in the short to medium term, I still have the faith even though nursing a massive loss from an average of 12p. Good Luck to all.

I apologise that my frustrations got the better of me this morning and would like to retract any statements that I made in an time when my emotions got the better of me. I have only lost a fraction of what most people have and wish all the other long term holders the very best of luck. I am no longer a shareholder so I will not comment anymore on this board now I have off loaded my frustrations and disappointment.

I apologise for my personal assassination of Chris Fraser , I am sure he is an honourable man , but somebody has to held to account in all of this. I appreciate that it’s not over until the fat lady sings and I hope that for the sake of all the small investors that something can be retrieved from this after so much effort and hope has been put into the project.

There you go, slam the company on BB and the share price goes up haha

He maybe didn’t say it but it’s how i interpreted it PAAA, CF should recall paying millions of pounds in hiring Winders that were standing idle. Paying out rent in hundreds of empty hotel rooms in Scarborough and Whitby. Offices in London and Scarborough way beyond its needs. Miners being paid large sums yet sat doing nothing , entertaining in local pubs and hotels in an extravagant manor, are just a few examples of financial miss management.

The BoD’s Track record of financial miss management and reckless spending must have been a major stumbling block into the raising of future finance. It’s not the fault of Shareholders that the the Company find themselves on the verge of Bankruptcy.

For Chris Fraser to be apportioning blame as to the reason that the share price has fallen is part of his and his boards failure to raise the finance. At no stage was it suggested that this was going to be a problem, it would just be a hurdle to overcome. Chris Fraser’s massive ego and exuberance , the way they have recklessly wasted money before they have made a Penny is just one example of miss management and wasting shareholders and investors funds. It is highly unlikely that the finance can be raised whilst there is still so much risk attached to the tunnelling operation. If the mine is to be built then it is unlikely that current shareholders will benefit. Many private shareholders have been duped and taken in by the dream of one man, for him to start apportioning blame on BB’s and investors being badly advised stinks of sheer arrogance and disregard for people that have invested in this project.

https://www.thescarboroughnews.co.uk/business/growing-support-for-sirius-minerals-as-more-than-6-000-sign-petition-for-loan-guarantee-1-10034992

With the company now forced to look at other options, supporters of the project are appealing to the Government to intervene, something PM Boris Johnson has so far refused to do.

A response from Westminster will be issued if the petition reaches 10,000 signatures.

There’s a petition on Facebook, to get the Government to debate Financial Support for Sirius, smacks of desperation but I would suggest every shareholder signs it.

The optimists amongst us must not forget the fundamentals of BLOE , we have Oil, gas and a plan. 16a is being rectified, 38z is being spudded. We have a close working relationship with the Georgia Government. PH’s exuberance was a mistake however his belief that BLOE has the potential to be a mid-tier Oil producer in the short to medium term is a sign of what’s in the ground and what is to come. The SP at this level is a massive buying opportunity, yes it is speculative but it has more certainty than many other Aim Oil companies capitalised higher . I am sticking with this in the belief that in six months time we will be in a lot better position than we are now. Not for Widows & Orphans but definitely one to tuck away.

It’s a disgrace that after all the success of the research , trials, tests and time & investment that no commercial business has evolved or been gained . The ineptitude of the BOD to lack the initiative to get commercial expertise involved has been a failure not just on the BOD but also on the companies advisors. Someone with a commercial background in Pharmaceuticals needs to take a grip of this and realise the value which has been invested, the rewards could be significant for someone.

Because the Sun is shining

Blue day today

‘Providing investors with multiple near term value creating opportunities ‘ - that’ll do for me.

The results although unaudited will give an indication of how cheap the shares have become so I think Bar any nasty surprises we should see a rise tomorrow, positive news flow will be the key from now on , we should hear details of a Gas Contract and progress of the pipeline. W38z spud and further updates on 16a and the effects of cleaning up and remedial work including side drilling . I am pretty confident we can see a steady sustainable rise in the SP from these levels. De-rampers need to be ignored, and some will see the value and switch to a positive stance once the value is recognised.

I wish I’d listened to Mike despite despite what he has said and I said about his chip on each shoulder he more right than anybody else tbh

I am waiting for this to recover and it will with a stronger more positive news flow , just need more patience. Others may sell who are not prepared to wait but based on the fundamentals I am going to stick it out.

I have a huge paper loss but happy to hold as still believe in the fundamentals, I honestly thought this would rise today but hey ho every prediction I have made up to now has been wrong. I can’t see anymore reason for this to fall much further at these valuations but I am not going to try and predict anything, I didn’t see what others saw. However with a more positive news flow with more regular updates we might see a recovery over the next 6 months or so. Good Luck to all those LTH’s who can afford to hold and hope.

Gutted