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I very much appreciate the time you have taken to give me a very comprehensive reply ...when I am in a better situation I will read up on the info you have given ....one thing that caused me anxiety when I was briefly invested with the larger oil companies such as Tullow//Premier is the amount of debt they are carrying combined with the uncertain direction of the price of oil ...I do not have a proper understanding of the financials of f U J O but I seemed to remember reading somewhere they carry little or no debt ..
"If it comes in, we probably won't touch WN B2 but instead pursue discussions with majors for a flip."
Mixster, I struggle to see the majors coming in - which majors are interested in UK onshore, the trend of the last decade has been that the majors are pulling out of UK onshore. For a major this is still a very small field (best case 60million recoverable) to be interesting and UK onshore doesn't help them with their green credentials.
Having said that Ineos is probably a reasonable bet after buying BP upstream assets in the UK.
Well that certainly was interesting reading and some really good points and posts. Everything from RBD mcap to shorting a share on a claim north.
This will move north imho on anticipation of positive results from WN B spud. It's risk reward. WN B is the money shot proving the extents. If it comes in, we probably won't touch WN B2 but instead pursue discussions with majors for a flip. Again no one knows what's down WN B.. That's the gamble. I'm happy with the risk reward and with Wressle and Biscathorpe to offset the risk.
It’s funny how these guys turn up and their posting history is basically just RBD and UJO and on RBD they will happily post figures of how it should easily be 5p+ every week but are apparently going to ‘short’ us at 0.25p because we are so over valued... and then in another sentence say both companies are basically exactly the same apart from a larger stake in one project, but the larger stake has no additional risk, but the project is company changing, but only for RBD, not UJO.
No problems. The idea that a Director purchasing shares is a racing certainty is a myth. Take a look at Burford Capital last August when all the Directors piled in at £8.40 ish. £3 lower today, so not a good move.
Some LTHs on here would have to remind me the last time Dave Bramhill put his hard earned cash into UJO !! Maybe he needs to take a look here for sound advice on value?
Each to their own I guess. Good for all holders to get an alternative view, for sure.
Jack, always good to have a reasoned alternative view to the rampers but I'm not sure about your reference to Joe "dipping his toe in the water" with the recent £25k splurge. That makes his total 286,832,806 ordinary shares in the Company representing 1.86% of the issued share capital, per Monday's RNS.
Just highlighting in case you weren't aware. Good luck with the short. You'll be betting against the trend.
Good evening Jack. It's splitting hairs I know, but right now, RBD don't have an equity stake in the licence, so we can only deal with certainties. The one certainty is that the licence holders do not have the money to pursue a fast development plan as you call it. So it's a gamble on a well, a test and and a sale of the licence for UJO and its a gamble on a takeover for Rathlin.
Intrinsic value is a meaningless concept on AIM. Exuberance is its lifeblood.
Short away now if you like, but I think you are too early. I will leave when I judge the moment to be right.
"I will be shorting this shortly, as it’s presenting itself as a gift."
You'd be a fool to short an AIM stock like this with substantial newsflow - I don't agree with your opinion that this is way above intrinsic value but I can see a certain viewpoint and even if I agreed with it, it'd be insane as AIM stocks can always hit insane valuations once the crowd is here. Its easy to lose your shirt even if fundamentally it looks overvalued.
Claiming you're going to short this either makes you a fool or a liar.
You are wrong. Once RBD get O&G approval both UJO & RBD will hold a 16.66% direct interest. So both would get exact the same cash on a sale.
The difference is RBD also hold an indirect interest in the License via its holding in Rathlin. In fact, they hold an overall controlling interest in the license and also have the upper hand in any negotiations with a potential purchaser.
To be honest I see UJOs interest getting dragged along or there is a risk of their 16.6% getting hammer by cash calls with a fast development plan.
UJO SP is way above current intrinsic value and is bubbling along with hyped investor interest. Many punters will lose cash to the gang festering here and elsewhere.
Our friend Joe dipped his toe in with £25k and it’s whopees all round.
I will be shorting this shortly, as it’s presenting itself as a gift.
The only person comparing willy sizes here is you McNumpty, with RBD and UJO. I’ve just read the RBD board and its full of posts just like yours, crying that the share price hasn’t moved as much as UJO. It says a lot when holders spend more time looking at another company than their own.
Sorry to offend your highness, but AIM surely isnt a place for one of your imperious knowledge? You dont like rampers but blowing a trumpet for RBD very loudly, I hope it works, but it shouldn't need your ramping
SMN, I am sure you are right, but UJO will get cash in that situation, but unless Rathlin declare a special dividend, RBD would not, so the two companies have a different outlook on life, risk and returns, so that might explain the market cap anomaly?
So you are acting in others peoples best interests Mcnimby - but accusing others of only looking after themselves! I'm sorry but please dont insult the intelligence of all on here, some might need hand holding most dont. UJO have a number of assets that collectively make their current price cheap, what 5hey have or dont in comparison to x y or z is irrelevant.