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Croqman...so if the leak hadn't happened were you planning on selling in the next couple of weeks? If so, yes, it would make a difference for you, but makes no difference until you do sell. They only reason I gamble on AIM shares is for that reason only, the gamble, but unless they put out an amazing RNS and the price rockets, the share price can do whatever it likes for me. There's a lot going on at UJO, I'm sure DB knows what he's doing, one day I think we will all be rewarded for our patience. That's my position here, maybe different to other people, but surely we are all here to make big gains, the question is how big? I'm here for a while yet I guess.
" not one of you has mentioned Biscathorpe. That’s what LTHs are waiting for, "
Funny that - everyone was gung-ho about WN until they eventually tested it ................
3 main projects, and the potentially biggest one hasn’t even started yet. come on, it doesn’t take a genius to realise why many of you guys want the price as low as possible to get in before the biggest pre appraisal ramp. not one of you has mentioned Biscathorpe. That’s what LTHs are waiting for, and to be fair you’re quite good at it, one might even think you’re paid. There’s no way this SP is not going north with all the revenue beginning. No probs.. the joker in the pack can wait.
Checkout said "Its quite amusing to think we could be raising, but people don't see the end result."
Everyone sees the end result, more money to management, more dilution to shareholders, investors here really are not stupid, and it is not remotely amusing.
How about this for 'amusing'.
Circa 2 years ago, the SP was in the low-mid 30's. Then there was a sudden drop of almost 40%(?) on leaked placing rumours. The SP took almost a year to recover back to just under 30p, and then the same thing happened again. A quick drop to the late teens on another leak, with another placing much lower than everyone anticipated even after another circa 40$%(?) drop.
It has got nowhere near since, even allowing for the consolidation, done to make the SP less volatile.
And now another drop on leaked placing news, for the 3rd time!! with the likelihood of a further slide this week?
Is this situation really amusing, seeing clear incompetence and a lack of leadership and action from those in charge with the company having a total disregard for it's shareholders, many of who have been invested for years and taking bod at their word?
This board will be one to steer clear of for the foreseeable. plenty of 'green' for me over the past few days anyway, but it will get pretty toxic, as always. Some strong comments/action from DB needed to try and restore trust for many here.
Good luck to the holders, some tough decisions ahead for some
no clue WTF you're on about heid - would you care to explain ?
what I think has been proven beyond doubt is that you have absolutely no shame, no ethics, and no morals
and as I've suggested all along no shares here..
And in the greenhouse can grow wacky backy for Hamilton Pete
https://www.youtube.com/watch?v=-ZvsGmYKhcU
VIVA UJO
No further posts from me for a bit x
Enjoy the song..teas ready
Don't make CAMBRIDGE MINERAL RESOURCES PLC your specialist subject on Mastermind NOVECK.
DYOR x
Heres - maybe David is going to buy a greenhouse and fill it with pot plants after the fundraise
Checkout
Recommend your post.
Someone with sense.
Yes assets increasing and this value correlates to the number of shares that are constantly issued at discount.
David is expanding the asset base at the expense of shareholder value. Great for him but there is no value for shareholders it’s that simple
royoboy, let me bring your attention to the Annual Report 2020
Total assets at year end amounted to £21,340,804
And now look at what there were in 2019: £14,234,850
This is growing a company.
"Wressle oil production, following successful proppant squeeze of the Ashover Grit reservoir, significantly exceeding initial expectations of the 500 barrels of oil per day well deliverability projections. From 19 August 2021 to 9 September 2021, Wressle has contributed approximately US$300,000 net to Union Jack from test production during this short period"
forget WN for the moment, all being well Wressle transforms the finances of ujo, $100k per week, that's $1.9m by 31.12.21
I will also be buying more in the morning, what an opportunity. Its quite amusing to think we could be raising, but people don't see the end result. More shares, but more cash, one offsets the other, yes the shares get diluted but there's either more cash in the bank, or another asset on the balance sheet, no worries here for me.
so you can average down to zero , because at this rate that is where it is going
ninetails we finally have jam at Wressle, $300k in 3 weeks and it looks like the jam-pot is much bigger than we all expected, imho the flow rates will surprise on the upside. if the sp drops tomorrow I'm happy to fill my boots at this price.
https://www.fortnumandmason.com/strawberry-champagne-preserve-amphora-890g
You just made me think of last year's Christmas hamper I got treated to.
Love jam me.
Always jam tomorrow...
Now I wonder what this 'certain producing asset' could be ? !!
I look forward to the RNS.