Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
GP took their profit in UJO by selling into strong demand , which is not the same as the downwards drip of say UKOG.
https://www.investegate.co.uk/Index.aspx?searchtype=3&words=ujo&pno=3
5 year chart
https://www.londonstockexchange.com/stock/UJO/union-jack-oil-plc/company-page
GP (Jersey) Limited is a private company with a low profile, that has been in business for 30 years.
It has previously invested in Union Jack Oil gradually building a stake up to 15% over 2 years, which it sold for more than 100% profit.
The share price of UJO today is still 60% higher than the average price GP bought its shares for.
GP might on 20-10-2020 have 61,573,978 shares with an average price below 1.06p
They are happy to slowly buy in the market to increase their stake.
They see strong potential for an increase in value.
Expect to see a few holdings RNSs
Was so close to buying more ( never thought I would say that here again ) but now seen 40m shares are going to be dumped.......I’ll hold fire a bit now :(
They timed that just right.
About 80% profit.
More dilution of course but cheaper regarding costs.
For any new investors, it's worth reading this presentation to see what the EPS and FFD looks like.
http://admin.aminex-plc.com/uploadfiles/EGM%20Presentation%20Jan%202019_Final_long%20v1.pdf
Said it before and ill say it again. If we can drill CH1, which im pretty sure we can (debt facility), then we absolutely SHOULD. The asset should become a whole lot more valuable after. $20m sale now would be a farce IMO
Think they will move quickly Perks given the licence is only until April. Be great to have an operator that can give us a steady need flow and keep us updated, hoping for a Dec spud ????
I see those buys were from yesterday 12th after RNS and at 1.9ish so well down now.
That’s why they kept the price down to fill the large orders....
They’ll have to move quick,coming to the end of year very fast so with this hopefully lots of rns with more tick ups.
5p from Malcy in 2020? A spud date would do for a start, I wonder how fast the Zubairs are going to move?
GLA
"Aminex’s news yesterday has great read-through value for Solo, whose focus has been to seek value for its shareholders from the Ruvuma project long before the anticipated before the ONE-Dyas deal was even put in place. As it happened, that deal fell away and the trauma of this year has meant that the ‘Board continues to diligently seek opportunities to grow a sustainable investment business focused on cash generative energy assets’.
This news is very good for Solo, their 25% can be highly valued, as above I can realistically see a decent valuation in whichever value scenario, after all at a minimum this is 3/4 of a TCF of gas in a low capex area with good infrastructure already in place and a ready market at the end of the pipe. Whatever valuation is used, even at a pre-production, pre-development calculation there is now serious upside for Solo.
As someone said yesterday, Jon Fitzpatrick’s investment has just been dealt another ace, now that may be a bit rich and certainly I’m not sure they expected the journey to be like this but for the Solo team right now things are looking up, big time. I can see the shares heading towards the 5p level, after all the 2020 high must be beaten before long."
looks as if we are about to do drawdown on the financing in place? after all, the sale of ruvuma will take sometimes yet, and we still have to pay our portion of cost if AEX going to drill very soon?
Would agree with you. But at least they have now found the key to unlock the asset.
First tweet in a while so H1 are still breathing.
https://twitter.com/Heliumone1?lang=en
Activity levels for IPOs on the ASX have returned to normal for the first time since the national wildfires and covid flattened the fundraising business.
If H1 are ready to proceed, then the market is now ready to fund them.
https://www2.asx.com.au/listings/upcoming-floats-and-listings
I hope that this will recover to blue this afternoon once the inital profit takers have gone the the traders have banked some share to sell at a higher price...lets see...
Helium 1 IPO was delayed I believe due to covid. Let’s see if they manage to get it done in 2021
Not been on for an age but what happened to all the helium 1 project......
For investors that were not in Solo Oil when NT2 was drilled, below is an insight where we could end up if we are still invested when Chikumbi 1 is drilled.
Around the time we drilled NT 2 the share price hit 18p, March 2017 ( 20 - 1 consolidation taken into account ). Today we have approximately 75% more shares in issue. This would indicate a Re rate up to just over the 10p mark.
20% drop
Was thinking of buying some at the end of yesterday but thought there would be at least a 20% this morning. Plenty of time to make money here if all goes well. Will hang on a little longer. 1.5p a good buy in?
And after a semi promising rise yesterday, now the £10 profit takers are coming in, causing the drop.
So frustrating .....
Shame solo's 25% did not get a mention.
https://www.thisismoney.co.uk/money/markets/article-8831825/MARKET-REPORT-bets-GVC-Germany-brings-wager-limits.html?ito=link_share_article-factbox
Thanks to GL
Depends on what stage we are at and conditions of any full or part sale I suppose steve. If any buyer wants to wait for the 25 year development licence then solo will need to drill the next well, which has the potential to add very significant value to the asset.
Meanwhile and whilst we wait for the FO to complete (official signatures and hand over to the Zubairs) and a spud date for C-1, there will be plenty of Hokey Cokey and playing around.
We know that the board have reiterated they want to grow the company to a mid cap within a few years.
IMO the way forward is a complete sale of our Ruvuma stake. Does of course depend on how much we get. I would hope for at least 50 million pounds cash. If that is the case circa 30 million for investment in cash generating assets and a dividend of about 3p a share cost 20 million pounds.
That would compensate us for the years of waiting and loss of shareholder value.
All just my way of seeing things.
Should be a very interesting to see what a actually happens in the next few weeks.