Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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RBD now 5% down !!
Hmmmmm.........
A big holder selling or sold out ????
Sgt Bilko still waiting for you to tell me how much cash Reabold have. Can you explain why Connaught have written off a debt of £33.8m just because Reabold invested a few million? Let's hear some of your brilliant research.
It is very good.
Sounds like @ChrisOil is trying to protect his shares... and he's not sold out which is good too
RBD gone red !!!
We are now very cheap......
Can buy at 0.19 !!!
RBD ofc...
Fairview, you proved my point as well as your research prowess completely on your own.
If you are drawing ill-informed conclusions about a company I am invested in on a board of a company I am not, it is reasonable to respond and correct. If you want this to just be about UJO I suggest you stop brining BRD into it yourself.
even 200 bopd a day at current west Texas crude prices ($58 a barrel) give annual income of $4.3 million pretax...not to be sniffed at
Fairview the debt was to Rathlin's parent company I believe and was written off.
Okay ajbennett fair enough but I still don't understand how a debt for £33.8m just disappears. Let's assume it did though. Reabold still isn't worth 2.5 times UJO. Some people on here clearly think it is which begs the question what are they on the UJO board for?
Sgt_Bilko don't tell me to do research like you're some kind of expert. How much cash do Reabold have? UJO had £2.5m at 1 May 2019.
Solid income from the Californian assets? Last time I looked they were getting about 200bopd net which isn't that great.
Do you think that justifies a market cap 2.5 times UJO? Do you value Wressle and Biscathorpe at nothing? RBD interest in WN is 24% against UJO's 16%.
Perhaps as you are so knowledgeable you can explain Rathlin's large debt situation too and whether Reabold have any liability in that debt as part owner of Rathlin.
RBD dropping off.....
Maybe money will move back here now and follow C.Oil ??
Chris Uranium Oil
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2h2 hours ago
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Just sold last of my #RBD #ReaboldResources been great run but #UJO #UnionJackOil is far better value leveraged play on #WestNewton and big risk #RBD going do massive placing soon for new assets could get to £1.50 but bird in the hand is best for me.
The valuation gap between RBD and UJO is because of more than just WN. You should really do some research on RBD before saying such nonsense.
RBD have solid income from California assets that are already generating profit for RBD. This in addition to other assets due to drill in the near term and WN and cash in the bank is why RBD are worth more. Oh, and RBD effective share of WN is higher than UJO.
This is not a UJO bash, I am sure they will do well, but both companies are not equal.
Oiler we can't be that far away from news on a new resource estimate for West Newton. It makes sense to put one out before EWT starts and that begins in Q3. Obviously the ideal situation would be to have a new resource estimate before UJO's presentation on Thursday.
Terrier you're right this should already be at 0.3. I don't know what is going on with the SP.
Yes, have noted that ...
Must re-rate here to 0.3p before too long.
The valuation gap between this and Reabold is mad. No way that Reabold is worth 2.5 times as much as UJO. If Reabold is worth £50m then UJO is worth £30m at least.