Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
The sale is close to being over. Will move fast now stock is drying up. This could easily do 100 percent in a day from here.
I’m looking at a 1m mkt cap. I’m looking at 2 licenses that I think are worth a lot more than that. Simple as that. Close to 30m spent already on getting Jamaica to this stage. I know UOG inside and out. And it’s a strong buy at this price. It’s all about the price and relative value. Also do a peer comparison. There’s a lot on offer here for the price. Now.
Totally agree Thorn, grepeck7 definately falls into that category.
This is just more bluff and certainly does not warrant an rns, imagine the rns's that would be released if every company rns'd a new employee.
Now They should have rns'd the fact they couldn't pay their share in egypt when they stopped paying in Nov, did they break aim rule 11?
Their 30 days to rectify the default notice is up, now the outcome of that Should be rns'd not news of a new employee.
This is obviously just one condition of Jamaica granting an extension.
Be careful of the silly talk on here people, some of these posters are serial offenders....
Nice RNS. Putting the focus on this project now to deliver. Delivering Jamaica from this SP level will be a 10 or 20 bagger that’s how explosive a deal could be now.
Copy and pasting your on post says it all.
Look at the market cap. If someone wants to drill Jamaica they just buy the company now. Simple clean transaction. At the current price I think it?s a steal. Tullow spent 30 odd million defining the prospect. It?s still ready basically. There is value here.
Stock is getting tighter now, they also have the uk license. To be fair Bryan has been a good wheeler and dealer with regard to licenses. The market cap is literally peanuts. There is room for these to really move now. IMO.
Gregpeck7 take it you sold after your last ramping session, probably lured a few people in that are still holding now.
So I bet you have bought back in and are now going to ramp again and again and no doubt some naive investors will believe your bu...
'Stock is getting tighter now, they also have the uk license'
Just pure and utter fabrication do you actually do any research, I doubt it, and the uk licence is worth peanuts and they don't even have 2 brass pennies to do anything and if pi's vote down the placing they've as good as said it curtains and in reality the placing won't last long and isn't anywhere near enough money anyway.
My thoughts exactly. This isn't a new prospect either. Both Tullow and UOG have been trying to get a partner involved for years. There is nothing new here except a new video pitch. No one has wanted it for years (Colibri was there then too), why would anyone want to come in now. Jamaica extended the licence because there was no one else ... Plain and simple.
Look at the market cap. If someone wants to drill Jamaica they just buy the company now. Simple clean transaction. At the current price I think it?s a steal. Tullow spent 30 odd million defining the prospect. It?s still ready basically. There is value here.
Stock is getting tighter now, they also have the uk license. To be fair Bryan has been a good wheeler and dealer with regard to licenses. The market cap is literally peanuts. There is room for these to really move now. IMO.
You have to ask yourself where is the value, and this is why I reluctantly sold up in December? Here's the reality check.
For all those jumping on the Morant bandwagon here's some real world O&G experience. And as an aside where is the Earl?
1) There is no current active oil industry in Jamaica
2) The multi billion barrel prospects are just that, they are prospects in a new province.
3) Why would a major even look at UOG? If they believed in it then they could buy the whole shooting match for less than a carry and back costs
4) Majors are already extended in existing discoveries of the multi billion barrel scale. Provinces such as Namibia Suriname, Guyana etc. They simply aren't interested.
Agree, what happened to existing shareholders sucks but there is huge opportunity now at this mkt cap.
Not 6000% but 1000%
I’m waiting to do 1000% on UOG
Some of the historical concerns I've had with this company/BoD not that it matters much now....
Directors forward selling warrants.
Directors Salaries shown in different currencies, to hide the fact of a large salary increase IMO
RKH shares acquisition, who bought into this all bought below the 3% threshold so we were non the wiser into who they actually were.
UOG lists back to AIM at the start of 2019 the reason was "cost and administrative savings for the Company” mmm you have to wonder if it wasn't for looser regulatory control.
Anyway the only escape for LTH's is if a company does come in to partner sh*t show otherwise it's all over.
He wanted to grow this into a "mid cap"! Laughable and as I have come to realise that phrase is more often than not used by companies to hoodwink and string along investors and rather than growing it's usually the reverse that happens like here.
Too many investors didn't want to face reality here when it was obvious where this was going.
The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.
For one so inept the guys got balls of brass....
"Guys you can make it up on another good share, UKOG. I heard they have found billion barrels down near Gatwick. They are calling it a gusher. The shares will multibag. All they have to do is consolidate their shares then do a small raise like here. Get in cheap before the train leaves the station."
WELCOME TO 2021 EVERYONE
No idea Third
Maybe not but PE companies might
EOM
Chinch , how do you think business is done in Jamaica? I worked for an international company who would not work in certain jurisdictions for ethical reasons. Would BP or Shell touch this with a barge pole?
Chinch what if the Jamaicans knew the financial circumstances of UOG … and could somehow make use of it … not casting any aspersions just wondering 🤔
Hi. Ilovesushi
Can you tell us what happened to the. C. P. X ?
So many questions to be answered here:
1. Why on earth would the Jamaican Government grant a 2 year extension to the licence if they knew that UOG is struggling financially? Has the question been asked or has BL spun this one out? If I was the Jamaicans I would have given the licence to a major or a Company with deep pockets.
2. So BL said to the Jamacians that UOG will do the work but knew that Egypt was failing. So he knew he could only do this through asking s/hs for more money, which, isn’t guaranteed.
3. What happens with the licence if the funding fails?
4. BL has always put a positive spin on this but he knew that things were totally different.
Perhaps the above will lead to more questions and BL needs to be challenged on this.