Keyword results: Georgia

PREMIUM CONTENT

Block Energy – Double Portions of Beer and Popcorn Time as Rebels Rock Boat with Second GM Requisition

Last September some rebel shareholders were so concerned as to what was going on at AIM-listed Block Energy (BLOE) that there were rumours of an imminent requisition of a sack-the-board EGM. That time the rebels were placated and by the end of the month all was apparently well. Or was it: for now there is a sack-the-chairman EGM Requisition on the table and this morning a further EGM was requisitioned to commission an independent forensic investigation into the company’s affairs by one of the “big four” accountants. Best order in double portions of beer and popcorn – this could get very entertaining.

Subscribe to ShareProphets to access Premium Content
Gold
PREMIUM CONTENT

Gold: patience, patience.......

When I last commented on Gold I noted that it seemed to have smashed through overhead resistance at $1900-1925 but cautioned that it may turn tail again in the short term. My view was – and remains – that it will head sharply higher over the next year to eighteen months but we must await the return of the Gold Bull. Well, it seems that it has indeed turned tail – we will be waiting a little longer for the bull to reappear.

Subscribe to ShareProphets to access Premium Content
Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: stand with your red flag on the side of the track, not in front of an approaching express train

I start with the 12 day of Christmas, what it means and what will happen here. Then it is on to events in Georgia, gold & the US economy. Then in today’s bout of market madness I look at Bidstack (BIDS), Argo Blockchain (ARB), Online Blockchain (OBC) and at Zenith Energy (ZEN).

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

I don't like the Block Energy assets or management, but the latest placing could offer a trading opportunity

Block Energy (BLOE) is typical of so many AIM listed oil and gas companies, which sound great on paper but usually have spent years failing to live up to expectations whilst burning through considerable amounts of cash in the process.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy – dissident shareholders gather forces: we back the rebel alliance

Gary Newman was – quite rightly – never a fan of AIM-listed oiler Block Energy (BLOE) – despite its apparently large fan-base on the Bulletin Boards. Now, it seems as though some shareholders – apparently representing around 20% of the stock – have had enough. I gather they want to know what is going on, but can’t seem to get management to engage. Given the apparent shambles, it is hardly surprising.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy has proven why you shouldn't believe the hype - especially from the company itself!

My views on Block Energy (BLOE) haven’t exactly been popular over the past year as it was a favourite with private investors, but unfortunately so far everything has played out as I feared that it would do.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy has deceived investors and its shares remain a slam dunk sell

My views on Block Energy (BLOE) in recent months haven’t exactly been popular amongst shareholders, but unfortunately much of what I feared in relation its operations is now playing out and I feel that investors have been deceived by the company. I have been utterly vindicated. It will get worse for thise who ignore my latest warning.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy looks even more overvalued now following todays update

Questions have to be asked when a company produces a headline rate from a well test; the CEO goes on an interview road trips talking about how much free cash flow will be generated; £12 million is raised via an equity issue – and then subsequently initial production rates are just a third of what investors were expecting!

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy needs to prove the longevity of its operations by increasing reserves - currently it looks expensive

There is often an argument for letting your winners continue to run, but in the case of many natural resource stocks listed on AIM you are often better off taking a healthy profit whilst it is on offer.

Subscribe to ShareProphets to access Premium Content
PREMIUM CONTENT

Block Energy has interesting assets and is funded - speculative buy

These days it often seems to be the case that if you are interested in a new IPO, it is better to wait until that company has listed and the dust has settled, as often you will get a chance to buy in cheaper than those taking part in the initial fundraise. Block Energy (BLOE) looks to be one such outfit and the timing of its listing looks good, with the oil sector showing strength, plus there is plenty of potential from gas as well.

Subscribe to ShareProphets to access Premium Content
FRR
FRR

Frontera exposed as employing liars as it finally fesses up that it does face an Arbitration Court - shares uninvestable

On Thursday I ran an article suggesting that the state oil company in Georgia was going to an International Arbitration court to take acreage back from Frontera Resources (FRR) - the company's morally bankrupt PR firm Yellow Jersey and disgraced dirty tricks specialising account executive Tim Thompson declined the chance to comment. Next up Frontera lied by twitter...

FRR
FRR

BREAKING: Frontera Resources declines to comment on legal proceedings

An industry source in Georgia has been in contact to relay news on Frontera Resources (FRR) which is not good at all. I offered the company the chance to refute or deny the allegations via its morally bankrupt PR agency Yellow Jersey but I have had no reply, not even a plea to extend my deadline. You can draw your own conclusions from that. My source writes:

FRR
FRR

Frontera: WTF is “sustained deliverability” – where are the Ud-2 flow rates?

Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered  no numbers to go on and some strange terminology.

FRR
FRR

Frontera – YA cashes in convertible shares at 0.09p: share price madness!

AIM-listed, Cayman Islands registered, Houston (USA)-based and with Georgia operations Frontera (FRR) has announced that YA II PN Ltd (aka Yorkville) has cashed in by converting convertible stock at just 0.09p. With the shares having raced up from sub-0.1 pence to 0.3625p earlier today, on the back of a series of soft PR interviews, website updates and corporate musical chairs, private investors are once again being screwed.

FRR
FRR

Frontera – ShareProphets RNS Translation Service as the shares are ramped

Readers will know that I'm far from convinced at the buy case for AIM-listed Frontera (FRR), shares in which have again been on the rampage after what looks like a rampety-ramp RNS yesterday. The ShareProphets RNS Translation Service thought it should chip in...

FRR
FRR

Frontera Resources – After the pump…….

Having pumped up the share price at the start of last week with yet another ramptastic operations update, all rather predictably comes the dump. This morning AIM-listed Frontera Resources (FRR) announced the draw-down of another £382,550 under a Standby Equity Distribution Agreement (SEDA) – for which read death spiral – with YA II PN Ltd (for which read Yorkville). Another wheelbarrow-load of confetti, 402,684,211 shares, has been issued at 0.095p per share. We are told this will be used to advance work programs of the Company.

FRR
FRR

SP Angel’s Zac “the knife” Phillips plunges the blade into Frontera Resources (again…)

Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..

FRR
FRR

Frontera Resources shareholders will be diluted into oblivion!

In a market filled with companies that have wasted a small fortune and haven’t got a lot to show for it, Frontera Resources still manages to stand out from the rest as having taken both to a new level!

NMG
NMG

Noricum Gold moves towards production - share price excitement ahead?

Flushed with raising £1 million in a lowly 0.8p placing, AIM listed Noricum Gold (NMG) says it could start production at its Bolnisi copper and gold project in the Caucasian republic of Georgia 'potentially as early as the third quarter of 2016'.

NMG
NMG

New direction for Noricum Gold

Long-term AIM loser Noricum Gold (NMG) has decided to seek its fortunes far away from the Alpine Austrian projects which have preoccupied it, as yet fruitlessly, since joining AIM in 2010. The British Virgin Islands-based company, whose shares have lost 95% since floating at 4p to 0.18p now, is transforming itself by buying 50% and operational control of the Bolnisi copper and gold project in the former Soviet republic of Georgia (home of Joseph Stalin), which Soviet-era estimates suggested might hold a potential 980,000 tonnes of copper, 6.6 million oz. of gold and 22 million oz. of silver.

RMP
RMP

Red Emperor – back the Shareholder Action Group if it shows spine and pushes to oust useless CEO

I am alerted to the fact that a shareholder action group has been set up to call an EGM at Red Emperor Resources (RMP) to try to hold useless CEO Greg Bandy to account.  I am afraid that is not enough, shareholders should have a clear agenda which should be:

TPL
TPL

Tethys Petroleum at 19p worth 100p?

Commissioned Researcher Edison has initiated its coverage of AIM listed Tethys Petroleum (TPL) with a bold claim that the shares, now 19p, could be worth as much as 100p.

FRR
FRR

Buy Frontera Resources: Share Price Could Double On A 3 Month Timeframe

In my experience, any degree of enthusiasm regarding a bullish charting prospect, or a desire to shove the knife in on a bearish prospect tends to be the kiss of death on the call in question. This means you temper your words and your target. However, in the case of Frontera Resources (FRR) it would appear appropriate to let the charts do the talking, at least in terms of what appears to be a very encouraging prospect.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|