My view on UEN is very positive with initial caution. My views and posts on this bb have little to no effect on the sp. I repeatedly state that this is undervalued and should be approaching £1. Several people have asked me my opinions on this share and the reason for the low sp. I am merely answering these people withy opinion. That is all. The ADRA is already at appeal stage and if Rovneiko loses (which he should do barring down right corruption) it will be the end of it. This hopefully will occur early 2015. Stringer - I stand by my statement that UEN will be the share of 2015, for all the reasons previously posted.
I never short a company as that is such a negative attitude to have irrespective of whether money can be made. I also don't post on companies I'm not invested in, and would certainly not wait around 12 to 18 months to invest in a company whilst still posting on their bb.
Your strategy is quite clear you may not be shorting UEN but as you say your not invested here either, you keep harping on about the ADFA problem but the company have already stated that it will drag on into 2015 and no doubt beyond with appeals.
Your quite clearly trying to stop potential new investors who look in on the board from buying in as you have a target entry price and my guess is that it's very close, once you have bought in and would say that it's very close, you will no doubt revert to posting the positives about the company.
Too many posters on lse speak with forked tongue my friend.
Will see what happens over the coming weeks and wait for your reversal of posts.
Whatever the time frame is I will wait. The decision could bankrupt the company or force another sale of a major asset. I am a cautious investor and won't invest without doing research. As I say, this is my opinion so you do not have to agree with me. I have my strategy you have yours. Can I ask, what is your position? Long or short? Average?
So your happy to sit and watch for the next 12 to 18 months as whoever wins will no doubt go to appeal which will take at least another 6 to 12 months. This will move again at the end of the year when they have drilled a further 2 holes to extract more oil.
As I say, it is my opinion. But you have to ask yourself, since the ADRA and police raid, the sp has been stuck in very low figures. Even after a fantastic reserves update the sp still retraced. Coincidence or not I am waiting. Ten four.
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