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"Some people may laugh at Heid's one pound target this year, but this is AIM and sentiment can be a strong driver of any company value"
We've noticed - this stock just drifts down steadily over a month or so
Some people may laugh at Heid's one pound target this year, but this is AIM and sentiment can be a strong driver of any company value. When you look at the present share price, with the new broker, the £9,000,000+ in the bank, monthly $1,000,000+ revenue, sentiment is returning and I think we will likely see 35p very soon based on the present situation. Throw in a divi and/or share buy back, a very promising extended reserves report on Wressle and 45/50p is definitely on the cards. That's already half way to a quid. What else could help this to hit it? The West Newton CPR, commencement of operations to monetise the gas, gas that is there literally awaiting some sort of connection. So one pound with a lot of sentiment is quite possible, especially so if Shore Cap introduce some institutional investment. Share prices are not always about the assets and cash on AIM, although Union Jack do seem to have it all anyway.
RNST, "Market values UJO" s assets at... " Imo market under-values, hence £1 not entirely unrealistic. What is realistic? Frankly, no idea, and don't believe anyone who says they have; but there is a good income with good prospects to increase and several positive what-ifs. 11p & 22p were imo unrealistic, but the market is like that; it can work either direction.
saying that EGD has just dropped
"UJO well up , and RBD is , EGD a bit static"
EGD is always "a bit static" - very few sales, little volatility, several large, very long term holders
I guess Heid is still walking the dog, after a long “chat” with Louise, or is it Jackie?
Between now and year end what’s going to change ?
GC report, some work in the gas pipeline, and a cpr on WN.
The latter is interesting, but until it can demonstrate real commercial flow rather than theoretical flow the jury is out until next year when they actually drill it.
Market values UJO’s assets at £20mm, with cash of £9mm. If we assume that the vast majority is in Wressle-
So by year end if we assume continued production levels at Wressle and minimal spend on other things there will probably be about £13mm in cash. By that time and based on the current cpr numbers (so we can see the impact of any new GC numbers) the company will have its share of 300k bbls (of the original 600k ) in the Ashover/Wingfield Certified Reserves and it’s share of the PStone 1.6mm bbls of Contingent resource plus 2bcf of gas. producing more barrels between now and year end let’s just assume the assets are valued at £17mm (to reflect the conversion of £3-4mm of oil from Wressle into cash) plus £13mm in cash.
If GC increases the Wressle numbers by 50% then that would equate to asset values of abt £30mm, by 100% that would be abt £40mm.
Giving a “market cap” of £47mm and and £57mm.
That’s about 35p and 50p respectively for an increase of 50-100% in the numbers by GC.
This assumes there is no value ascribed to WN in the sp, and that there are no other significant cash expenditures both of which will reduce the above numbers.
To get to £1 by year end would require GC to quadruple or more the recoverable reserves/resources at Wressle - I would suggest this is an unrealistic expectation.
Happy for anyone to say why they think this is not a reasonable assessment, rather simply than “I believe in £1”.
i think she knows if she’s eating museli
Yet again Heid makes a statement , with no grounds , ramp fabrications as normal
RNSTranslator.
I am eating my museli an having a coffee
Please don't go on at me with your pointless numbers.
Just chill man like me .
You are such an anxious type.
My Dave is super cool ! an George x
UJO well up , and RBD is , EGD a bit static
could it be that wressle is now going to be announced similarly… and we have 40%
UKOG was over 2p once
sorry £3.75m
Income for 5 months approx £3.75
For how long was it 60p, and why?
Was there an expectation that WN was the “biggest onshore discovery in nearly 50years” perhaps.
How did that expectation turn out?
Just because a share price has been at a certain price in the past has no bearing on the actual value of a company eh.
explain? don’t think that counts on aim does it? already been 60p.. explain
so joking , please explain how that is going to happen with just Wressel in the next 5 months as RNS asked
laugh Trans.. it was 60p a couple of years ago.. i know.. i bought at .31. £1, no problem!
So Heid
Still £1 by year end eh?
That’s 5 months to go, and £83mm to add in additional value in that time. That’s £15mm per month.
Care to tell us how this will be achieved ?
Even in simplistic terms.
If you’re not, I’m happy to post what I think is a sensible valuation by year end, and why £1 is not realistic.
punters bought in at this price last time then it plummeted to 11p, and we are still below consolidation price , but we do appear to be going in the right direction now
Told yas....my £1 .....
Shakira told me you see...." It's time for Heid's one pound ! "
https://youtu.be/pRpeEdMmmQ0
and.. sp already been at 60p equivalent. cheap cheap.. i can hear them chirping
Remember all that time when the price averaged around .17 (34p), when none of this exciting news was imminent. 34p is base smile point! strong BUY. dirt cheap!
great stuff , blue on HL now