The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Wow .. someone had had enough of proceeding with UPL - 330k sell ?..
Flop the BoD told you there was not going to be a raise and there was a raise and now they telling you the meeting was for whatever number of days you mentioning and you want to believe that ?
đ§đ§
GLA..
Definately a sell.
The trade was a sell according to this is money.
Things have been back to front here for a while, but knowing the names of the drill team before PSC/Licence awarded takes the biscuit!
Thatâs encouraging to hear. But the facts remain that Arthur was spot-on with his post regards the cash raise . I want UPL to get the PSC just as much as every investor on here. But it seems strange that there was no mention of the PSC in this mornings R.N. S. They seem to have been at the final stages for some time . The response they gave you regards the fund raise was particularly poor given that we know the fund raise certainly would not have happened overnight . Since October there have been a few occasions that are certainly questionable.
You didnât think there would be a fund raise.
Having spoken to a person present they said it was like speed dating and it was over before it started as the governorâs focus was on semi conductors.
It looked good for optics but as yet the psc is not delivered. Bizarrely the psc was not mentioned in communications on Friday or today. Is that not strange ? Also why did the company not tweet the rns on Friday nor did they circulate the raise to shareholders. Again that seems bizarre when they are so fast in pumping out news of meaningless letters of intent on a licence that has not landed, bookings of rigs for a project it dies not have a licence for etc
Maybe itâs time for some practical pragmatic realistic communication rather than over promising and under delivering
Anyone know if the 330k trade at the end of day was a buy or sell?
Re Arthurs 17.33.
But so few post on here.
I canât really envisage a tsunami of âreportsâ as mentionedâŚ.hmm !?
Is there a reason why Pedros & the PSC didnât feature in this RNS? Is it because has been discussed in previous RNSâs? The RNS today was more focused on the drill and the finances and objectives achievedâŚ..but Pedros and PSC is lacking in the update ??
Arthur , I certainly donât repoert you. You were 100% . All views and opinions should be aired on here, in this instance may be particularly beneficial to others on here.
It would be the broker, not the company sounding out the market - if anyone was incompetent - although itâs hard to imagine that anyone approached in that way wouldnât know they had market sensitive information - so probably would have little defence against such a charge.
Iâd only be made an insider if the company told me directly ! Maybe someone the company failed to make an insider, due to a lack of professionalism on the companyâs part, told me straight after the investment proposition was put to them by the company!
You say you know the company has been discussing a raise since Feb. How do you know this for sure? Surely youâd be made inside if you were privy to such information?
Well, they're losing my trust......
In fact my account got dumped off because I got reported by so many because I said that there would be a raise which I knew there would be âŚ. So that is why there has been one post
I do agree that there is potential for a high upside while the is naturally risk
However institutional investors donât invest unless they know
I totally agree Serif I was just pointing out he has posted before (donât agree with his conclusions). Clearly the IIâs must have received some pretty firm assurances that receipt of a signed PSC is a given as they will be very hard nosed in their approach GLA
ArthurQ did post and boldly mentioned the UPL was looking to raise capital and of course most of us here on this platform shot him down.. other said they had counter email from the BoD that this was not true in the slightest!.. just stating facts..
GLA
Stuart, isnât Arthurâs conclusion that despite all his caveats, concerns and inside info on Petros, he is still choosing to stay invested at this level - so presumably thinks upside more likely than down?
Excellent summary of where we are at by Arthur imo. There is a bit of smoke and mirrors stuff going on by the BoD and the fake bid episode will not have enhanced their credibility. I'm toughing it out and will add if it falls below the placing price but the BoD need to start delivering on this PSC PDQ.
TBH if you change your username or use different accounts to post then credibility is lost
To be fair I donât particularly agree with Arthurâs conclusions but he did post earlier under a different username.
"mentioned a few weeks ago here" ... yet only one post for this account?
De-ramps often have a basis of real information but with distorted conclusions to suit the agenda. I feel this is one.
I did mention a few weeks ago here that there would be a raise and I got turfed off the board as if I was de ramping the stock.
I also said at the time that this would strengthen the companyâs position in any negotiations.
And I was told was this was lies.
I know that the company have been discussing this with investors since February and it is disappointing that investors like MrFlipFlop May have been mislead.
I do feel that the raise is positive but I present such an opinion with a caveat.
All this coming to fruition is conditional to a psc being granted.
I am aware that the meetings and presentations in London last week were extremely brief and opportunistic while the Premier was in the UK for other reasons.
It will be interesting to see if Petros have enough confidence in the executive team at Upland or not to grant the psc. I am reliably informed that a lack of a very strong executive team at Upland is a reason for Petros delaying the granting of a psc.
It is a most pointed omission by the company of anything relating to the psc in todayâs communications.
4th April the company said it was â in the final stages of deliberations on the psc award or frameworkâ
It will be interesting if this ÂŁ3.3m is in the companyâs account or not today or is the investor getting a free bet in the hope that the psc lands in advance of the shares admission to the market next Tuesday ?
It seems most unusual that the institutional investor was not clearly named.
Iâm staying, I bought way back, Iâm in substantial profit, I can afford to loose but I am suspicious. I feel that there is a lack of transparency here and the companyâs communications are over promising rather than over delivering