George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Jesus, everywhere you look, God Son is involved.
It's a miracle I tell you!
What a co-incidence, it's amazing how often the same people turn up, just the same with RBD subsidiary companies.
Previous Royalty purchase:
“Union Jack Oil plc (AIM: UJO), a UK focused, onshore hydrocarbon production, development and exploration company is pleased to announce the purchase from Cambridge Petroleum Royalties Limited (“CPRL”) of a 2.5% cash generating royalty interest “
CPRL
Co Sec Raymond Godson
Accountants :Godson & Co
UJO.
Non Exec Director: Raymond Godson.
https://twitter.com/Share_Talk/status/1438930968400826371?s=20
RNS so true
So in summary:
WN testing (largest discovery since 1973 -possibly.)
No results from self cleaning A2 , B1z “no measurable flow”
Wressle flowing well on clean up (second largest onshore producer) “Transformative” but no update on actual rates.
Biscathorpe, largest unappraised discovery..,
So Let’s raise £5mm at a price at 20% or more below than the last leaked raise (32p) to buy some Royalties @$70 oil before we know what the final results of these transformative events are…. why not wait for the results, if their half as good as they claim then the shareprice should rise… perhaps even they’ve stopped believing their own hype… nothing if not predictable…
But don't worry she will be back cheer leading the gullible.
Now every one knows why Heid has been conspicuous by her absence.
I smelt a rat earlier today.
Not impressed with that RNS…
lends money to another oiler, buys an investment product (Royalty), wants to buy another huge chunk of the investment product, it seems to me that Bramhill is aspiring to be a first class banker...
like you said all fun and games of the Aims, going to take ages past COP26 to shift all the churn so might not be great for holders around then so they better get the placing away quickly, personally speaking it couldn`t be the worst time for holders but the other side might benefit from good WN news and could be the better play now if you believe !!!
Still I suppose the flip side is that Wressle-1 is flowing like a good un and it's mates rates time.
Either way the timing sucks just prior to results, almost as good as BLOE this week, allotted 24,877,230 shares, 3.97% of the existing issued share capital of the Company, whilst lending £62,193.07 to the employee benefit trust to buy the shares, days before it issues flow rates.
RonB, many will be watching for a drop on Monday, many dreading the prospect too. Imo lively scary time awaits.
Heid for chief executive, gets my vote.
Maybe David can switch to head of ramping ??
I suppose Heid is drinking champagne with "her" friend David again................
This outfit leaks like a sieve
Welcome to Aim, as soon as the feelers go out for a book build then the market knows, or rather a small proportion does and it can leak anywhere in that chain and hence UJO are here all over again.
Either way a placing before confirmed flow rates as per below RNS is crazy, unless the RNS on the 24th August was just fabrication or results are way below expectations, because surely you would wait for the flows before placing.
"Initial well test measured flow rates, under a restricted choke, have exceeded 500 barrels of oil per day which was the forecast rate following the proppant squeeze operation.
The Wressle-1 well is continuing to clean up and has not yet reached its optimum potential.
A further update will be provided once a stabilised oil flow rate is established in the coming weeks."
If the assets are so good why go UJO need yet another find raise? As regards this and the leaking of the FR, surely it’s time for DB to consider his position?
It is unacceptable how every UJO placing is leaked.
I can't think of another company where the same thing happens so regularly.
DB has had plenty of time to resolve this problem with the company's brokers.