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BWM, given that the vet same explosive information about upgrading of resources at WN recently didn't have any effect on the RBd share price, even after their share placing, why am I not surprised that ujo's share price also failed to sustain any momentum alongside rbd? Finding the money to stay in this expensive game is clearly proving difficult in this lousy fund raising environment.
Thanks for your compliment Backwoodsman; PR is what I do (kinda) :)
Yes that’s what I am suggesting? JB
I am guessing Humbers share will be split across the others, that should work OK for UJO meaning they don't need to further raise again in the near term. This share is so damn frustrating, so much potential but takes too long to make progress us SH are aching to see
Slice of the pie!
If Humber can’t pay won’t pay or don’t pay their share and costs is spread proportionally against the remaining partners! (RBD raised more than needed?) £ 5 million may secure our share of their debt for a bigger live if the pie? That was my point? JB
If the placing was inevitable why not have it ready to go the minute new volumetrics was announced? This whole thing stinks. I wonder if it doesn't all tie in with Humber. They're not paying their way on Biscathorpe so maybe they are in arrears on West Newton too. If there's one thing that I've learnt since being invested in UJO it's that PIs will be the last to find out what is going on.
It was inevitable a placement was coming and fir me inevitable on sp growth over the next month or two glh
Agree BWD, lack of communication has led to lack of transparency which has stopped the momentum. If we really want to be different from most of the sharks on AIM then ujo needs to show it. This is a great asset but the lack of info has undermined confidence in the projects. I’m still hopeful in the long run but currently feel important information is being held back. I know it sounds nuts but if he isn’t able to divulge in certain information then he should say. He has alluded to it previously but just let us know what’s going on. Maybe being a bit harsh but really frustrated with the past 8 days or so. Still believe we will come good. Have a good evening all.
Could not agree more Backwoodsman; Bramhill is floundering and needs good PR and professional advice. He is letting his "transformational" (his words) asset slowly evaporate!
Some said it would be .17 3 weeks ago but hey no one listens as such people in look at what they want to see . But dont worry ujo holders I'm one 2020 adds huge value just be patient. I am and works for me glh
The lack of transparency is hurting us. Some have stated that radio silence is due to ujo not being the main player here but this has killed the momentum. The relationship with Humber seems to have soured so where does that leave the projects humber are still involved with. So many questions and not too many answers. Maybe I’m being naive and regulations don’t allow for such news feed but I invested in ujo as I thought it was different to others with a trusting team. Time will tell if this is the case. A week can be a longtime in aim so let’s hope the negativity reverses very quickly
AllNothing I'm in a similar position in that I prefer to invest rather than trade but I'm afraid we're not all in this together. Some people have done very nicely from ramping this, selling and buying back in cheap. Unfortunately events have conspired to make that far more profitable than buying and holding. There are also some major questions over Humber now. How can we work with a company that refuses to share its part of the costs in Biscathorpe. In my opinion Humber's continued involvement in Wressle, Biscathorpe and West Newton is untenable now. It remains to be seen what is going to happen.
Fairview. you can phone the FCA, they are pleasant but not that interested, if pushed they will take some action,that is why you will see several of the abusive and toxic posts disappear from the board.
In the year I’ve been invested in here, this is by far the toughest time. I’ve added through the lows and highs and was content with my holding until this last week. Frustration has led to many accusations and speculation. Who knows what’s taken place and what will take place in the coming days. I invest and do not trade but this hasn’t worked well on AIM so why would this be any different. The fundamentals are good here but as the past week has shown; AIM will get you when you least expect. I will hold but have lost a little confidence based on past experience but UJO may still have its day. Time to put this away for a while. Ps let’s not get nasty with one another as us pi’s are in it together.
A lot of the blame for what happened here can be layed at the doors of Chris Oil and Frazer Lang. Both built up huge shareholdings and dumped them the first chance they got.
Cash won’t be for Humber’s percentage....
If Humber can’t sell or meet costs they loose theirs stake to Rathlin and UJO....why pay for something that might end up in our lap ?
Some of the people we have on here now. MrNation your attempts to get cheap shares is obvious and laughable.
If the Humber stake was to be purchased then not only would the placing required be large enough to buy out the Humber stake, it would also require to raise the additional funds to pay for the increased percentage of costs, as UJO would then also have to pony up for the increased costs associated with the increase in license holding.
Never say never, but I very much doubt that the 5 million quid being touted about as the size of the placing would be anywhere near enough to purchase the Humber stake, and cover the increase in drilling costs due to the increased license holding, especially given that Rathlin are talking about drilling more wells on the license.
IMHO
Interesting idea JB... increase our share... Buy out Humber... Some homework to do! How to find out?
How did you come up with this idea, JB?
Wonder if Humber’s financial position is forcing our hand here?? Are we grappling for cash now to buy Humber out with the rest of the partners and thus increase our % stake. Seems odd DB one week stating we are funded near term but now we seem to have pressure to find more funding??? Time will tell, short term pain but maybe we get a bargain and a bigget slice of the pie longer term? JB
Hi board,
The placing was a bit of a suprise to me, but I on reflection the signs were there. I didn't do enough homework! I am relatively new to AIM.. 2 years... But what is clear is that sell on news while a stock is in trading range... Which I see UJO as now. Slow cumulative gains. I should have sold when my holding was 110% up... Lol..
So WN isn't being drilled till next year... Results by summer... If I had read that I would have sold. Wressle if successful is a plus, but given UJO is in the dog house, can't see this going much north due to placing.
So the high. 020s and beyond are realistically not till next summer.
UJO is still in rinse and repeat range.... But would suggest you hold off buying until after the placing as it's going to be low... No professional investment team worth their salt are going to be fair and considerate of LTH.
GLa