Member Info for WongaFC

Unsure if this has already been posted here but on Tomco today;

https://finance.yahoo.com/news/first-oil-production-confirmed-asphalt-123000465.html?guccounter=1

A bit more meat on the bones of Valkor project

Strange how someone can converse/argue with someone else they have supposedly filtered?

But we know fine well the chief attention-seeker has done no such thing. Keep ramping Stockie!

Stockramp at it again!

More likely it will be carnage for the SP as SHs who thought they had lost all get what little they can on resumption of trading.

Watch this space to see who's called it right????

I suppose it's down to what's stated in the agreement.

Funding only or funding and successful sample conversion. I think it will be the former but regardless, I'm sure SB will want things moving along at pace.

"So output from just 3 wells should surpass the 100 bpd target they need to release the funding"

Is it 100bpd Fyoz?

I thought it was merely the production of 100 barrels?

"I recall JM stated they expected the below to be completed in the summer"

Yes, but crucially, did he say what year?

Perhaps?

I believe the income from the Galactica project will be used to increase the number of wells on that project initially, which makes sense as the increase in producing wells will also increase future income.

"and more recently Cargill. Who won't even sign a trial contract."

Very dishonest of you Fyoz, you know fine that is not what I wrote, taking a partial sentence and using it out of context. It's like me quoting you as saying;

"no way that the Utah Governor’s Office of Economic Opportunity (Go Utah) awarded Heavy Sweet Oil, LLC a temporary, marginal tax reduction for its expansion in rural Utah"

To suit an agenda

"If people had said in March that the agreement wouldn't be signed by September"

Think I maybe did Vince?

What "untrue statement" did I make Fyoz?

Vertoro

"Just a little under three years ago, we landed one of the largest shipping companies in the world, A.P. Moller - Maersk, as an investor in our Series A round to fund the construction of our hashtag#lignin-based marine fuel / crude oil demonstration plant that is now operational."

Compare and contrast with the 3 years or so we have been associated with MSC and more recently Cargill. Who won't even sign a trial contract.

".few problems with all the water that need to be discharged "

Or another way to look at it is, with some modest infrastructure and very valuable by-product in an area where it is much needed.

While short selling alone is not a problem as it merely taking a position (gambling) on a future scenario. Unfortunately it's all the shenanigans and obvious manipulation around it that makes it evil and an outright ban would make the investment space a much cleaner environment.

Ditto Vince. I have significantly lowered my exposure here and have no intention of putting one more penny in. Still hope my remaining holding makes me much wealthier at some point but if they need further funding just to feed the snouts in the trough, they'll need to find some other suckers to support it.

I see Blue Star have raised A$3m to match HE1 funding for Colorado. It's a goer!

Said it many times, we should have targeted a smallish local user of HFO either in maritime, industrial or both, to at least prove our fuels work efficiently over an extended period of time. Then it would be much easier to gradually build up client base and size of client as we went along. We could easily have had 5 years sales of MSAR and possibly a few years BioMSAR as well.

It seems JM's insistence on landing a leviathan of a business, probably due to dealing with "leviathans" while working for BP, is the main reason we are not selling commercially by now.

Walk before you run!

It reads to me that Blue Star are raising capital to match HE1 input into the joint venture in Colorado.

HE1 paid them £1.5m to cover development work done so far and a 50% share going forward. HE1 also committed to approx. $500k per well (x6 phase 1), with working capital/contingency likely to be earmarked for the rest of the raise. Blue Star now have our £1.5m but will need to raise further capital to match the 6x $500k committed spend by HE1 in order to get the phase 1 - (6 well) operation up and running.

I suppose when you've held this stock for 10years+ a few more months will not make that much difference?

That said, for me it is now approaching the final countdown. Will it be a blast off, or a busted flush? They have cash to last them into next year but we do not know exactly when. If they have not signed a commercial contract prior to "requiring extra funding" (begging bowl) out again next year, then I think it will be very very difficult to convince investors for the umteenth time, success is just around the corner.

JM and his merry men probably know this and while there will always be those who will follow them over a cliff and the Valkor money will be coming "imminently" dreamers, failure to land a commercial deal (possibly in the next 6 months) could mean the end. If so, it will be a tragedy that our esteemed leaders have failed us so badly.

Always the chance they might pull the rabbit out of the hat though? Isn't there.....

To all the doom mongers on here, why are you here?

Surely if someone thinks this stock is going to crash, they would sell out entirely? Now, if you've done that, why linger on this chat day after day continually trying to influence others?

If I had sold out, a quick daily glance at the SP would be plenty enough for me to judge whether my decision was right or wrong but I would not feel any need to write post after post claiming the impeding doom!

No, what you see with these people is an attempt to convince others to do likewise, hopefully driving down the SP to suit their agenda. Pay no attention to them and judge for yourself from what you know to be facts, i.e. what has been reported in past RNS.

I'm becoming a bit concerned the oil samples from Valkor don't appear to have arrived yet. Maybe the extraction method is not working as well as hoped?

"Nobody leaves money in a stock they have no faith in, not even if it's £1."

Errr, wrong! I have left money invested here and have no faith.

The decision to join up with Valkor and drill cheap to drill wells gives me a lot of faith, far more than I had in them raising the $20m to construct the strip mining project, and that was a decent amount of faith on it's own.

Wrong again! the $20m was to buy the remaining 90% of TSHII. They needed to borrow $120m to fund their 5,000 bpd CORT plant and they wanted to build two! Cloud cuckoo land where no doubt you dwell Stockramp.