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Rodster your attempts to belittle will fail as your comments are meaningless . My strategy is certainly not 10 percent have icer 59 stocks in.my portfolio some years some months some weeks it's all about growth and securing profit into a less risky pot whist have a pot to trade. Surely you can understand that but somehow doubt . Imo you should seek some professionally advice before you loose your hard earned investing is not just luck fella. Glh
Tymer what a prk you are. I invested when nobody was looking at this share. I look at fundememtals and ongoing projects. You don't look at shares where there are no posta but wait on the herd to arrive. You haven't got a clue about lth and whilst you're smug now, if this takes off you will disappear for your next 10%. You must be very proud. Lol
I take your comment fully on board and respect your view.
Just responding to a poster who is selective with their posting comments in order to 'boost' their credibility.
I will keep my own counsel and stick to relevant info about the shares I post on.
By the way, I do not day trade, and never have.
Good weekend all.
Rodster another one who's input is irrelevant to not just myself but to all the will no doubt pass you by I take it Rodster you are an uneducated invester you come across as one. Glh
I dont day trade . I trade ! Simple process pick my buy price wzit and sell for more more often that not . Not all of the stock again your investment strategy only makes mine right for me .glh
Tymer., you're rarely wrong. What a smug git you are. At least bmd prooves his point with info. You're a leach.
Croq if I had the desire which I dont I no doubt could find and post on boards your comments to defend my own but you may have noticed I have no need I gave two predictions some 4 weeks ago at .15 and 17 as we know it's not a precise science but I'm rarely wrong . But you keep doing what your doi g if it works for you . Whilst you believe my confidence in my decisions is arrogance on my part it usualy demonstrates a lack of confidence in the ones attacking. Bare this in mind croq. Glh
Tymers and Croc. Yours as bad as each other as in who can day trade the best. Who gives a fck
Yes, Tymers, your opinion is your opinion, and you will clearly stick to it whilst belittling other posters' views with your superiority. Lets be clear (again). You DID NOT call it, you underestimated the drop and the bottom here, despite your 'solid' research
I believe that you mean that my comments are irrelevant to you. Others seem so view your comments similarly to myself.
I am more than happy with my investment decisions and do not need anyone to validate me, unlike you, it seems.
I feel it is you that needs to show other posters some respect, you seem pretty arrogant (imo).
I am happy with my own research and do not feel the need to flaunt my good calls whilst blatantly ignoring my bad ones, as the majority do on here.
Each to their own.
Croq your comments are irrelevant to all but yourself whatever bad decisions you have made does not detract I called it and have gained from my research and investment knowledge. my opinion is my opinion as ukogs price prediction ad yet I an not correct or wrong and hey you are not as such just digest information and show some respect it will serve you well. Glh
How can I be incorrect 'again', Tymers, when I have only posted once about your predictive skills?
Added to that, I even stated in my post that you claimed 8p on UKOG by 29/12, rather than 31/12 (even though 29/12 is a Sunday as I clearly stated too).
Perhaps you should read and digest a post fully before trying so hard to justify your own position?
Bottom line (if we are being pedantic), UJO fell to 0.15, so you didn't even predict the bottom here, just a random price, so not really a great digestion of data tbh.
Still, good luck with your future calls and your clear trading strategy. Hope it works for you.
Tymer, you're nothing but a petty day trader and nothing else. Who cares what you post. I only listen to rns.
Incorrect again crow! My prediction is 8p by Dec 29th. You must learn to digest data it will serve you well. Bottom line I called it and happy with the ujo uplift predict a .24 to .26 gain pre obvious dip but will keep rinse and repeat until free float glh
I note that you post every day on here saying you predicted 0.17 following the recent drop, whilst hinting at how great your research and knowledge is to make you right in this.
Let's put your self-trumpeted skills into context.
You predicted 8p on UKOG for 31/10, and were only out by a factor of more than 7 (it was 1.075).
You have since stuck with 8p on UKOG for 31/12 and it is currently even lower at 1p. I believe you have even stated this target will be reached prior to year end on 29/12 to showcase your exceptional predictive skills, even though this date is actually a Sunday.
Granted, that may well change, but bragging about being right and staying inexplicably silent about massive over-estimations does not make an expert worth listening to (imo).
Time will tell where both are in the next few months, but I, for one, won't base my investment decisions on your extremely selective expertise, but on news releases and the relative fundamentals.
Good luck with your investments though and gla
Thank you managed to predict .17 some might not like the fact some get the timing correct but still holding for now .glh
I like the idea if UJO buying Humber out for shares. Would double operational costs though, so perhaps a bigger placing needed?
Humber stake in WN will be likely sold for shares in UJO.
This is the perfect option for UJO, no cash outlay
Well done with the bounce all
panther - the exact calculation is probably set out in the JOA but it should be something like this :-
Interest from Humber to UJO = Humber current x UJO Current % / (UJO current + Reabold current)
Interest from Humber to Reabold = Humber current x Reabold Current % / (UJO current + Reabold current)
In other words distributed i n proportion to the PAYING owners of the interest
It's a bugger when people do interests in thirds and you finish up with a lot of decimals - some JOA's apparently specify what the rounding should be after 3 or 4 places of decimals to avoid legal arguments later.
Note you should wait for the specific announcement from the Company - they may agree with Reabold to just round the numbers out for ease.
Apologies - I was on the road and didn't have a calculator to handle all the decimals
Hi here Mirasol Thanks for your helpful (17.26 on Weds 20th)posting . Can I ask you another Q. about the default arithmetic? You said ".. in this case the Humber 16.6667 % will be split 2/3 Rathlin and 1/3 UJO - so that's an extra 5.555% to UJO and 11.1111% to Rathlin" That doesn't seem quite right to me, if I may say so. If there is a default by Humber shouldn't all the other partners split the Humber % in proportion to all the remaining (Rathlin & UJO) licence holdings?
Rathlin: 66.67 / (66.67 + 16.665) x 16.665% = 13.332% (or about 4/5) and
UJO: 16.665 / (66.67 + 16.665) x 16.665% = 3.333% (or about 1/5)?
I think this would give Rathlin: 80.002% and UJO: 19.998%, or have I got it wrong? Anyway, maybe I'm worrying about nothing if the remaining parties only have to pick up the extra shares of the costs going forward after Humber leave the licence without reimbursement…. if they do. There are some rumours going around that Humber have hired a consultant to sell their interest for a very good price. I'd really like to know to who(m)! Have a good weekend.
I think we should remember that unless and until UJO/Rathlin tell us if Humber are meeting their obligations here or not we just don't know. They may have decided just to drop their JV with Egdon - it doesn't automatically mean they are bust - they're just running out on Biscathorpe. It does tell what sort of people you are dealing with though.......
An RNS would be helpful.
Grey Panther wrote:- The things I'd really like to know more about in a default situation are - Does the default partner lose its licence interest immediately, or are they given time to pay up? And, if they do lose their interest, do they get everything back that they have paid so far? This seems a bit unlikely. Or do the other licence partners just have to pay the relevant costs going forward? If so, it's possibly a cheap way to increase your interest if you like the prospects, and can afford to do so. "
Timing depends on the Joint Operating Agreement - normally bills are sent out monthly - if you don't pay it is like a bad debt - it gradually escalates. Eventually (and the length of time depends on when someone deciders they've had enough and the defaulting party is showing no signs of paying) a formal notice has to be issued - this gives them a set time - 7 to 30 days maybe, to cough up or else. If they don't then the paying parties declare them in default, suspend them and start dividing up the interests - eventually they'll write to OGA and notify them but OGA normally see these things as "commercial issues" and not affecting them unless the Licencees (en-masse) aren't going to meet an obligation.
The defaulters lose everything they've paid in. You sign up , you know what you're in for - it can be a tough business at times.
The remaining partners have to cover the unpaid costs and then the costs going forward - in this case the Humber 16.6667 % will be split 2/3 Rathlin and 1/3 UJO - so that's an extra 5.555% to UJO and 11.1111% to Rathlin.
As I've said essentially UJO pick up another 5% of what might be a very large discovery and some of it has already been paid for by Humber. I would imagine Rathlin/UJO could sell the Humber interest to someone new if they want to.
I’m daft enough to buy and will keep buying.
I suspect this might be being shorted.
Look at the state we are in now, rns last Monday saying upto 320mmboe and the SP ends the day in the red followed by more selling off during the last week and a ridiculous rns to end it all off.
To me it looks like management at UJO have gone round taking market soundings from investors in the city for an equity placing of up to £5 million that started before volumes had been know but not to PI's.
So if we are in no immediate need for a cash call then why not an open offer? This would provide a level playing field and give normal P.I's the opportunity to invest at mate's rate and give a small confidence boost to LTH that is desperately needed also directors buying would help instead of issuing option.
The silence from UJO is deafening, is there anyone daft enough to buy shares before this situation has been resolved? Only a declining SP here until news is issued. 47% decline from volumetrics only a couple of days ago! DB has done a number on LTH. UJO is starting to look like a lifestyle company for a select few.
Since the 20th March we have seen the addition of 3,656,862,745 shares being issued and now we can expect another 2,500,000,000 to 3,000,000,000 that will be sold into any strength.
GreyPanther, funny how someone on twitter was produciong a rather in depth analysis of UJO owning 20% only just a few days ago, what did they know to do that!
Sorry for the repeat post. Thick fingers, and maybe cold feet! GP