Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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An interesting article from Piscator on BLOE forum overnight, highlighting China National Petroleum Corporation (CNPC) interest in the Georgian area, where FRR have similar interests. What is of particular interest is a photo of Paul Haywood (CEO BLOE) standing next to the CNPC senior management at their Georgian well site (https://www.lse.co.uk/rns/BLOE/corporate-update-8ranmm53ivuczfl.html), suggesting negotiations are at an advanced stage. For BLOE holders this suggests a much needed share price increase, potentially well beyond those highs last experienced, since 18th December, having experienced a 41% share-price increase.
Should that all come together and perform as potentially possible, the parallel developments here could just coincide with those allowing a welcome, return of FRR to a potentially large market, which has always been available. The possibilities are further interesting, given that if CNPC is prepared to invest it creates a market for other organisations to head into the area increasing competition. accordingly.
Lets hope that Georgia's politics continues to remain more Western focussed (particularly in the light of Ukraine), added to Montiburns comment dated 22 Dec and the reply from FRR to JimSlade (18 Dec) dispensing a "few outstanding matters, while continuing to advance interests in Georgia", combined with the above gathers pace in 2024 and we can all enjoy a healthy return to market and recovery of investments.
It does all seem to be coming together, the ONLY thing we dont know here is the timescales required to resolve a 'few outstanding matters' and a return to market.
We sit and wait, but it seems BLOE may well now be leading the way.
The Chinese are determined speculators picking up bargains and
holding on to quality. FRR may be on their shopping list in which case it
can't be wrong to stay long. IHT is under scrutiny. Common Sense MP is good
for the economy.
Good post Avi8r, still trying to recover my losses here with other shares, but looking at bloe thinking is it worth a punt 🤷🏻♂️ what does anyone think 🤔 that Xmas eve when we delisted 😳 not one I’ll forget !!! But hope this comes good for true investors and keep smiling and you never know 🙏🙏🙏
Avi8r
As for timescales, according to Looed, the next deadline is 16th Jan which was the deadline given by the court to remedy the missed Mourant payment. Presumably we will hear something before that date or soon thereafter.