PH clears up a the uncertainty regarding the last RNS should see a further improvement in the SP should at least put some nervous investors minds at rest . PH in a more cautious and restrained style confirmed that the Directors are willing to invest in the Company as they are confident of its future. Confirms market announcement soon regarding drilling of Well 38. Good Interview. Thanks for putting it on, we should get a blue day on the back of it. LTH’s should be happy with this interview.
This could be the beginning of the end unless one of the big boys takes it over. The cash burn has been horrific, a lot of small investors are going to loose a lot here. This is a very risky venture , the tunnelling progress has been kept under wraps whilst fund raising has been on going. The risks in tunnelling are huge and bound to give problems along the way. Cost overruns and huge overheads are draining the cash raised so far. Shareholders should be more than concerned IMO.
Looks like VAL is in the final death throws , once the £400,000 is soaked up the writing is on the wall, no deals. Directors will sell IP off or disposal by administration. It’s not looking good at all.
Not surprising today , FTSE and Dow sell off due to China & US trade war escalating. Worries about the Global Economy and Brexit No Deal. OIL prices down and Gold prices up pointing to a Global Recession.
RNS’s often fall on deaf ears in August as most of the City investors are sunning themselves in Cornwall . Also if there is a big seller in the market such as Milton then it maybe worth letting them finish their disposal before any operational updates or anything as we don’t want them selling into a rise. This will fly , loads of good news to come we just need a bit more patience . Time to top up at these levels they may not be here at the end of September only about 8 weeks away.
How far will the II’s let this slip, how long can the BOD allow the SP to compromise their credibility ? A far cry from the bullish gung-ho approach only three months ago raising £12 million . The much previously promised now overdue Operations Update maybe an opportunity for BLOE to clarify the Flow rate issue and update the market on Progress regarding gas etc.
Looks like BOD are not interested in supporting the SP with anything positive whilst there are sellers in the market like Minton. More Patience required though but like many mine is wearing thin in the absence of good news, hope we don’t have to wait long , next IMO Don’t want any news on a Friday again.
I hope the BOD have a plan to stop it’s share price been trashed like it has been, it does not bode well for the credibility of Bloe or its balance sheet, somewhat hindering its own ambition to be a mid tier oil producer.
Capitalised at £35m with £12m in the Bank, profit making and cash generative, more buys than sells today price should make a decent recovery today, could be helped with a good news RNS or some clarity from BLOE