Block Energy Share Discussion Threads

[lastoneout] 01/11/2019 01:20

Good spot SpangleGneiss Energy Limited acted as corporate adviser to the Company on their 4p IPO. If Mr Fitzpatrick is stepping in at nearly twice the price then I would think he sees some way to go in the share price Think you are being a bit harsh comparing the comms on 16az with 38. Think we all accept that PH got carried away with the initial results at 16az bit the RNS's pn 38 have been staid to say the least This one could blow our socks off but I'm happy with 300 bopd. The gas is a bonus!

[spangle93] 01/11/2019 00:37

Ref Fitzpatrick. -
If anyone has time to do some digging, you'd see that there are a lot of links between Gneiss Energy and Georgia, and Gniess Energy and BLOE.


Ref completion of 38Z. Good to know they got the liner across the reservoir. They didn't mention whether they'd screwed up the cementing of the previous section, but then, then they didn't mention it for 16Z either, until the well flowed with a high water cut. The swellable packers should certainly help if the well has integrity.


Still got lots of hopes for a multi-bag here, but confidence in RNS's telling the whole story is very low.

I hope there were people at the AGM beyond sycophants, who were not afraid to tell the board they had made a big PR mess with 16Z.

[cpap man] 31/10/2019 19:42

ARCM



31 October 2019

Arc Minerals Ltd

('Arc' or 'Arc Minerals' or the 'Company')

First Commercial Sale and Shipment of Copper Concentrate from Kalaba CSD Plant

Arc Minerals is pleased to announce the first commercial sale and shipment of copper concentrate from its Kalaba Commercial Scale Demonstration plant. A total of 15 tonnes of concentrate was sold to a Chinese customer based in Zambia at equivalent prices close to LME spot copper price.

Highlights:

-- Initial sale providing proof of concept for successfully marketing copper concentrate product from the Kalaba CSD plant

-- Initiation of study at Cheyeza East to assess commercial viability of mining high-grade oxide material for processing at Kalaba CSD plant

-- Drilling campaign operations continue with further drill results expected
Nick von Schirnding, Executive Chairman of Arc stated:

"Following a period of extensive testing of the Kalaba small scale demonstration plant ("Kalaba CSD") it is very pleasing to have made this maiden sale of copper concentrate - at very competitive pricing. This goes some way to providing proof of concept for processing and marketing near-surface oxide material through our Kalaba CSD plant to generate a future revenue stream. As a result of our successful commissioning of the plant and sale of product we are commencing a study to assess the commercial viability of mining higher grade near-surface oxide material from our Cheyeza East prospect which has shown grades at or exceeding 1-2% copper. I look forward to updating shareholders on this going forward as well as in the near term further assay results from our drilling campaign where we continue to see positive results within the drill core."

[chinadog3] 31/10/2019 19:41

Does anyone actually know the average price paid in the purchase in question?

[chinadog3] 31/10/2019 19:37

If in filling a large order MMs artificially manipulate the share price down, thats an outrage because many pis will have sold into the fall and effectively been cheated. Why could the buyer not have acquired at a higher price? Is it being said here that a price was set for his huge buy well below the shares real value?

[johncasey] 31/10/2019 19:15

i get angry at times with the world..most of us just want to make abit to live well..others are just down right greedy..whats the point of having so much money?

middleEastMoney
Posts: 1,411
Price: 7.10
No Opinion
RE: ADVFN31 Oct 2019 19:01
I can confirm IG have stopped any new long position SB in BLOE. They are very good at moving the goal posts, it’s almost a coincidence that everyone thinks the share price is ready for a rerate and suddenly no one can take a new position.

[block4gooner] 31/10/2019 19:06

Get off the fence JCTell us what you really think:)

[sea7] 31/10/2019 18:47

jon fitzpatrick of gneiss - A qualified corporate lawyer, petroleum economist and investment banker, buys into Block energy, through GPP who are FOR PROFESSIONAL CLIENTS ONLY. NOT FOR USE BY RETAIL CLIENTS

[lithological heterogeneities] 31/10/2019 18:20

EXCELLENT NEWS

TR1 after hours tonight.
New shareholder,Global Prime Partners, acquires 15,040,910 shares.

This explains the sudden drop today on 2 good RNS's.
The MMs dropped the share price today to fill the last part of their buy order.
Interesting day tomorrow. Should bounce nicely.

[cpap man] 31/10/2019 16:25

but as always DYOR and then when you have DYOR enjoy your BLOE off

[cpap man] 31/10/2019 16:24

The BLOE AGM today was real cool - BLOE are headed to 30p+

[jrlomax] 31/10/2019 13:06

It was only 11 days from the last sidetrack to oil results, so not long to wait. Mind you the news today could have been held back just for the Agm so we could be a bit closer

[wrtmf] 31/10/2019 12:42

10-12p in 2 weeks based on 300-400bopd and a lot of gas...
realistic or not?

[chinadog3] 31/10/2019 12:23

Thanks Tidy2

[catchingmice] 31/10/2019 12:20

Yes i didLOL

[tidy 2] 31/10/2019 12:14

You mean sale of asset in IRON? Offers from multiple interested parties are on the table as per sept 30th RNS. Starting to move so could be another EUA type move.

[catchingmice] 31/10/2019 11:28

Sorry wrong board geezer's

[catchingmice] 31/10/2019 11:27

Could be a speeding ticket coming or is there something concrete with the big rise this morning ?