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Arthur do tot know a Richy Whelan by any chance?
Reason for asking is Queenstown is the former name of Cobh, in County Cork and Richy is know for walking around the Streets.
Why are you ranting on here and not asking the company. Doesn’t make sense
One costume was for meeting on arrival in a reception area with premier then in a meeting room after as you say a costume change. More theatrical than anything.
Don’t fall for the board
They’re filling holders with hot air and as you all know they’re trying to control the narrative with an iron fist
Time for practical pragmatism and to stop over promising and under delivering.
Time to deliver tangible progress not just meaningless letters of intent and booking rigs with non refundable deposits for a project the company does not have a license for.
The time has come for practical pragmatism rather than propaganda pump.
Arthur
You seem quite close to proceedings. Presumably you have raised these concerns with the company? What was their response?
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 ?
🧐🧐
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!
That’s 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 didn’t 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 governor’s 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 it’s 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 can’t really envisage a tsunami of “reports” as mentioned….hmm !?
Is there a reason why Pedros & the PSC didn’t feature in this RNS? Is it because has been discussed in previous RNS’s? The RNS today was more focused on the drill and the finances and objectives achieved…..but Pedros and PSC is lacking in the update ??
Arthur , I certainly don’t 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 it’s hard to imagine that anyone approached in that way wouldn’t know they had market sensitive information - so probably would have little defence against such a charge.
I’d 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 company’s 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 you’d 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 …. 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 don’t invest unless they know
I totally agree Serif I was just pointing out he has posted before (don’t agree with his conclusions). Clearly the II’s 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, isn’t Arthur’s 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.