Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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ninetails, either EPS is 0.10p or 0.01p share, net value (profit) will remain same $1m. Market is looking for market capital (Valuation) and that's what I do.
Shares in issue. If a company's profit is $1 million and they have 10 million shares, it is .10 per share. If they have 100 million shares, EPS is .01 per share. Even for companies traded on a major exchange, if they do a secondary stock issue it dilutes EPS and lowers the stock price. So, yes, number of shares is very important in creases the number of shares issued, or shares outstanding, through a secondary offering it generally has a negative effect on a stock's price.
Does it matter, how many shares are in issue? I really don’t think so.
It’s market valuations that matters. At the moment, market cap is just £25m, including £7m cash. So, assets including WN discovery is valued only £18m. (Company is highly undervalued).
Imagine, if Wressle approved, this will add decent valuations in mkt cap and also, Biscarthorpe valuations.
WN valuations itself worth few baggers from current price.
Backwooodsman
Best post for ages. The minutes of the community meeting dispel all of the doubts and speculation and tell the ACTUAL situation at WNA. It's as clear as crystal now. Thank you.
Parece un poco sensible esta noche
Hasta Manana Rudey, mucho gusto y ha buen noche. Lol
I don't give 2 shlts how it looks. I don't know anything that isn't already public. Why should the company RNS a repeat of what is already out there? This bb is an absolute joke, full of speculators and liars, all looking to each other to lie to or misinform. I'm going back to the REAL world until the genuine shareholders return. Adios.
Well Rudey if you come onto a open BB and say you know something but don't spill the beans
It doesn't look good does it
And the silence from the company is not doing us any favours either
Why should I bother. DYOR. I'm not helping the idiots on here after the abuse that has been dished out to the UJO management, who are people I have a great deal of respect for, especially David Bramhill.
Rudey
If this information is in the public domain then just tell us all
Ginger, you have the audacity to tell ME to wake up! I know the FACTS mate.
There was ONE leak. ONE. And it had f' all to do with the company. Why don't you, and these other thick ****s on here, do a bit of research. Speak to the RIGHT people. Not morons like PDMS, oiler etc. etc. The people who actually KNOW, from Reabold, Rathlin, UJO and the brokers. Everything is already in the public domain. You just need to get off your arse, get off this bulletin board and make an effort. What a bunch of idiots.
Oiler, I'm getting sick of your accusations about 'DB's city mates'. Come up with the proof or shut the f' up. It's potentially damaging our investment, and I know it to be complete shlt.
1p is totally crap and non sense prediction. But, don’t you think Wressle approval will make a difference to share price, project that will generate £3/year to company? Don’t you think, Biscarthorpe positive update will have any impact on valuation? I’ve seen UJO in the last 2 years or so, it usually rise by 40-60% after placing till Drill result and positive result yield 300%+ return from placing price (WN for instance). Similar thing I’m expecting again.
There is no comparison between UJO & UKOG. UKOG is single asset and v high market cap; whereas, ujo has 3 diversified assets and low market cap against potential of individual asset
While, some are waiting for EWT; election result is coming this week which will have some impact on UJO. Conservative win will be good for UJO. Wressle decision due after election, and likely to positive outcome as council withdraw all their objections. And Biscarthorpe will give pleasant surprise.
Ujo will be busy for the next 4-6 months period. Wressle, then Biscarthorpe update, EWT, then two well program, Wressle production and possibly Biscarthorpe sidetrack as well. Share price is expected to be much higher in the next 4-6 months. Remember, it was trading around 0.25-0.30 level few weeks back with spike to .35p+ and as soon as news flow start, this will be back to 0.20s
We’ve already seen that permit BWM. It’s been discussed at length. It was passed on 6/8/19. The well test was terminated on 29/8/19. That permit is for a crude oil tank, yes, but it pertains to the original test that was permitted for gas. It doesn’t constitute a permit to flow oil, flare oil and test oil. Obviously when flow testing a gas well a certain amount of liquid hydrocarbons are expected to have to be dealt with. As the company had no permit to flare oil and the flare was not engineered to take liquids then obviously storage is required.
The fact remains more permitting is required to pump oil and to flow oil. Nothing applied for anywhere since that tank permit was approved on 6/8/19, even though Rathlin is minuted as saying that they were waiting for a permit to pump oil.
If that’s the case where is the permit?
Where is the pump permit Rathlin have applied for?
Where is the necessary permit application needed to flare oil?
Where is the application with the Health and Safety Executive?
There isn’t any. As I said. We’ll be waiting for drilling of WNB wells for any testing now. It isn’t looking like they are going to re enter WNA-2 now, even though they said they are. I don’t know why the plan has changed but it’s about time we were told.
There’s a lot of bull on all the websites, Reabolds and Rathlin’s. Couldn’t agree more, what ever happens next i have no idea, but clutching to previous statements is not the way forward, as the goal posts have moved, I don’t trust any of them with there radio silence...
For resumption of the well test as an oil well. Rathlin’s brief to the residents committee said there was insufficient energy in the wellbore to flow liquids to the surface and the testing has been paused for a permit application to use a pump. I can’t find any such permit application online. There are no planning or permit applications pending with the council, the OGA or the HSE. They were full permitted to flow and flare gas. Do you think they just rock up with a load of oil kit and start flowing and storing oil with no recourse to the OGA? Of course not. Where are all the permit applications?