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Snaffle, I believe the directors can't buy at the moment as they will have inside information.
I think the monetization of Victory will happen early next year, taking advantage of what should still be high gas prices.
Gengis it is ironic but Selfish just posted a useful informative post and you have immediately responded by blocking him. Sadly most of what is posted here is childish nonsense.
Couple of thoughts this morning:
1. Where are the director buys at this price
2. We are all in the same boat you either capitulate and realise a big loss or you wait for the next EWT RNS which has the potential to completely change sentiment and sent the SP much higher.
3. I am continuing to hold but I understand that if the next RNS is bad the SP will fall much further. However Victory has the potential to move us well north of where we are today but you would need the stomach to wait for recovery
Ok, that's selfish and deemule filtered, enough of this childish nonsense.
Gengis15 another troll.
No unwashed. I get it twice a day! Yummmmm.
Genghis, when you post your opinion as fact in future, please make it clear that you're talking b*llicks.
Selfish, did you miss your bitty this morning?
OC it's guesswork. We're all in the dark, which is why we are all here speculating and trying to find read across, etc. Nowhere have I claimed to be " informed" , but if you think anything I say is factually incorrect just say so, and why.
The continual schoolboy sniping on this BB is why i rarely bother posting here.
Genghis, that's all guesswork. Have you seen the contract? Of course not. Do you know what is going on at WNA-2? No.
You pretending to be informed does NOT sit well with me.
Manwell
Yes, there is something in what you say ; but there is no compulsion on UJO to do the deal; If the timing doesn't suit, they can play hardball and risk losing it ; or they can assess the balance of SP risk and raise now,.
That they have chosen the latter does not sit well with me, tho that is largely a matter 4 UJO holders. But there is an indirect read across, i that it does not display the sort of huge confidence in WN that DB effuses publicly.
Thanks Manwell UJO should have made that clear via their RNS. The view that I put forward has been discussed on the UJO bb and many believed it hence it may have contributed to the selling.
Snaffleman, understand what you’re saying but the royalty deal won’t work like that. There will be a timeline to it and UJO will have to stick to it. They can’t turn around and say “oh please put this deal on hold for a few months so we can raise at a higher price”. EWT & early indications of it will have nothing to do with the raise.
Manwell,
The UJO placing worries me in that why do it now if there is a reasonable chance that the second EWT is likely to be a success. They only have to wait maybe a month and in the success case they could then do a placing from a far higher SP. To move forward with the placing now sends the message to the market that on balance of risk the current EWT is unlikely to result in success and a subsequent increase in SP hence why they are (potentially) moving forward with the placing before the results of the EWT are known. As you kindly advised me previously the first EWT results should not reduce the chance of success on this one. Glad to hear any contrary views and hope I am wrong
Snaffleman. It looks like it has started going by pictures of the pump on the well.
Why does the UJO placing worry you?
Can we confirm positively that it has started? How long is it expected to take? Looks like lack of official information remains the order of the day. The SP cant be low enough for them yet.
The timing of the UJO potential (guaranteed?) placing worries me for obvious reasons