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UJO are presenting at an Investor Evening next Tuesday, Mayfair London. One expects placing to have been wrapped up by then or DB could have a few more Q & A to negotiate !?!
Not in this one but would put my money that slime ball Chris Oil is behind the scenes.
It seems to me it's in institutions interest to let any fund raise be leaked! It crashers the share price (legging PI's over) and lets the big boys, with deep pockets pick up cheap shares!
To their cost Pi's are wising up. Now it it seems AIM only good for trading! If only UJO/RBD had suspended before raising, PI's would have been spared the big % drop.
Is it DB that has done a number on us though Oiler? Think about it. Someone leaked the volumetrics to spike the sp. Then there was massive selling on inside information. Then someone leaked the fact that talks were taking place around raising money. I'm not a lawyer but I'd be amazed if this wasn't illegal. I think DB is like a rabbit in the headlights right now. It is a disgraceful situation.
That's right RonnieB. In fact in the run up to the preliminary results from drilling West Newton the share price actually went higher than it is now. Since then we have had a huge upgrade to the potential of West Newton, unexpectedly positive news that Biscathorpe is still in play and we are on the verge of Wressle approval. All that and we're not even up 10%. Every day on AIM you can find companies rising more than that for no good reason. What a great investment this has turned out to be. I wish DB would just pull the placing and raise money in a couple of months time. All those greedy scumbags lining up to take their cheap placing shares makes me sick.
Double whammy really. Leaked placing to send the sp into a tailspin followed by a management that is unable to respond adequately to the problem. Whilst I accept that the catalyst was beyond UJU's control the rns last friday & their actions since have been dreadful i'm afraid.
Exactly, the Friday RNS has killed us with no quick follow up. JB
Before the WN preliminary results we were at 0.14. Roll on the "significant discovery" and possible positive outcome at Wressle and we've gained only 10% share value! This was talked as a multi bagger if all came good, more fool us. Why not complete the EWT and firm up the numbers, release the CPR, increase the SP and then do the raise?
Bullied of come on! We are all adults . Grow some balls sorry ladies I've been called names I have no idea what it means but care not as just noise. I sift through the noise and occasionally come across an opportunity like this , so again imo negative is irrelevant constructive debate bring it on you are confident or your not . My prediction and got the dip spot on is uplift qtr 1 .24 to .26 and growing now feet up and watch my ujo investment grow over the next 3 months .glh
Woody with respect everybody has an opinion but some work from fact! At this moment it's irrelevant past tense if you thought value 1 month 2 months ago it's still there and it is only about timing. Glh
Yep. Told you so.
A lot of people poo pooed me for standing my ground. Some took delight and enjoyment at trying to belittle my opinion.
Having bought at 0.0019 and selling at 0.0030, I have watched this sink as predicted.
The point of my post is do not get taken in by a group of people here that fail to take on other researched opinions. I feel quite annoyed that i was bullied off this board. My opinion could have saved some investors a lot of money.
Just Becareful of a few here that express never ending riches. DYOR.
Woodie Woodstock
I hate to say it but you're spot on and i agree with you. Top man.
I have been buying from .09 to .3 so I’m in quite deep but still believe that we will get there in the end but it’s hard to watch at the moment. With the drop in price and the upcoming pricing, this will take much longer to get to where it should be. I can wait and still believe that the team are good at what they do but as you state their comms are not as good. Luckily, I didn’t go all in (just around 75%) so may have funds later if the others come good.
Well said dc. Just got to wait it out and top up if I have the funds but won’t do until placing news. Lth’s are mainly suffering with this but it’s always the case with AIM. We’re generally left holding the baby. Currently doesn’t look good but I’ve been trying to look longterm and at the positives, this way I will stay sane lol
Yes but he needs to **** or get off the pot. If happening he needs to announce the price and timing ASAP. At this pace of share price decline we are going to be very diluted. Ok for those with cash to put in but for those not this is far too painful! JB
The RNS confirmed DB was in the process of sounding out the raising of £5 with certain existing and possible new investors . This information which would have been confidential was then leaked to the market. At this point DB was in a no win situation. If he`d done nothing the rumours would have continued . Unfortunately by informing the market officially the city spivs etc have had a field day by selling down and being helped along by posters and clowns wishing to get in on the act constantly quoting ridiculously low placing prices. I don`t see what else DB could have done differently in the circumstances . Suggestions of a suspension have been made but no definate decission to go ahead with the placing had been made.I don`t believe DB is involved in any conspiracy and to make such a suggestion I find wholly unjustified and abhorent. I am currently losing heavyly here but thats the name of the game , If we had an efficient regulatory system this situation wouldn`t happen . You can get away with blatant fraud and have very little chance of a conviction.
We have no need to raise money until early in the new year as our £2mil in the bank will meet the immediate current planned expenditure as I see it. With the Wressle outcome hopefully going our way mid to late December this should give a boost to the share price . By then the current hysteria should have subsided.