Member Info for ART123

It's a shame. Maybe Bol should have asked the shareholders to vote for UPL to be awarded the PSC. That should be good enough. Bring it on. The share price will go up by 30 times.!!!

PSC? What PSC? Whoever mentioned a/the PSC.

The Board of Upland is pleased to announce that, at its Annual General Meeting held earlier today, that all resolutions put to shareholders were duly passed.

That is one way of avoiding the issue. What issue???

Over 5,000,000 of late reported black buys have gone through so far. That is a lot of buys.

Maybe IG have run out of shares because this has been almost all buying so far today. I can't see why else they would have this in auction. The thing about IG is that they will always get shares, even when other brokers are going to N/T, but IG always bump up the buy price - at times quite considerably (hence why they were asking 14.80p for buys at 8.00am this morning).

Maybe they can't bump up the buy price while many of the other brokers are not yet geared up for trading this share.

This is just a theory. Maybe it is an IG malfunction. We will know soon.

ATB

I am speaking to IG dealing/support right now - been on hold for 1o minutes so far - oh, the guy is back and they are still looking into it and he will give me a call back when they work out what is going on. I'll keep the board informed of any developments. Cheers.

27 October 2023

Upland Resources Limited(the "Company")

Termination of offer period

Further to the Company's announcements of 23 October 2023, the Board of Upland provides an update concerning the unsolicited, very preliminary approach it received regarding a possible offer for Upland (the "Approach") and which the board unequivocally rejected.

The Board of Upland now advises that it has received information that has cast significant doubt on the veracity of the Approach and identity of the potential offeror. In particular, the Company has now received communication from Mr William G Bollinger, the co-founder of Egerton Capital, whom the Company was led to believe was associated with the Approach and the potential offeror. This communication from Mr William G Bollinger has clarified that he has no connection to the Approach or any offeror vehicle known as SEC Capital.

In light of these circumstances, the Company has agreed with the Takeover Panel Executive that, with effect from the time of this announcement, the offer period in respect of the Company shall be terminated, and the relevant parties will be removed from the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk.

Bolhassan Di, Upland Chairman and CEO commented:

"The Upland Board is now fully committed to advancing our activities in Sarawak, in particular completing the Joint Technical Study on Block SK334. Focus is now firmly on finalising our work programme which leads to the next phase of development."

I love it.

'It wasn't a real offer Gordon. Do your own research'.

Don't tell Gordon but it looked like it was just made up to bump up the share price at the time.

Very strange. I can still trade GEX on HL but IG has been in auction for about 30 minutes. Can anyone put a trade through on IG?

90 million shares in issue.

22nd July 2024

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Continuing PSC Discussions

As Upland nears its AGM on July 30th in London, the company is pleased to confirm that it is in continuing communication with the Sarawak Government. The Sarawak State Government is the final authority for the awards of Petroleum Sharing Contracts for Sarawak Onshore Assets".

Bolhassan Di, Upland Chairman and CEO commented:

"I look forward to meeting shareholders at the Company AGM on July 30th."

You can bet your bottom dollar that UPL are in continuing discussions with the Sarawak Government regarding the issuance of a PSC. You can also bet your bottom dollar that, particularly in the light of the recent Petros article, UPL will never actually be awarded the PSC. They might, however, string the shareholders along for another year or so in the belief that they are going to be awarded it.

AJMHO

There was no RNS prior to the AGM, so they obviously have nothing more to add to what they have already said - which on the whole was just repetitive nonsense.

I'm not expecting the share price to do much for a while. HEX took nearly a month before their rise started.

This is interesting from the Proactive article:

"London, with its rich oil and gas tradition, is becoming a magnet for companies like Georgina, with Helium One paving the way. Helix Exploration listed in April, and its shares have soared around 260% since then. Georgina’s CPR resource base (at 2U/P50 303 billion cubic feet of helium) is 42% larger than Helium One’s and dwarfs Helix’s."

I have found HEX to be rather subdued, rising only by 260% pre-drill compared to a rise of 750% at HE21 in 2021. Maybe the lower m/cap at HEX is due to the much smaller prospect in which case we might see a much bigger rise in the share price and m/cap here before the commencement of operations. Also, MSMN is down today but now it turns out that the MSMN/GEX prospect is very much second in line and nothing much will be done there until the Hussar prospect has been re-entered, tested and completed (though admittedly MSMN do have other prospects).

ATB

Very good interview - link below so it doesn't get lost:

https://www.youtube.com/watch?v=7QGskDIT6X0

The onus falls back on the brokers who have not got this sorted for trading on readmission post the RTO. IG and HL are up and running. My only other account - II - is not as yet.

You'd need to sell at above 19.5p to get your money back anyway and the sell price certainly isn't anywhere near that yet (it is actually 13.3p). I would also expect that as 3.9p old money was the suspension price many former holders of MMM would have p[paid more than that price and would be even less wise/keen to sell. There is a good chance that this will rice over the next month or two anyway.

The trades are showing on here - live if you are a subscriber or delayed by 15 minutes otherwise. Quite a few were bought at 14.8p (including some by me) which is a shame as they didn't need to open it too high but not too worry as I shall buy more when the price bottoms out - currently at 13.39p - and when all other websites and Apps are up and running it should start to rise.

ATB

Trading on IG. They opened it at 14.8p to buy which seemed a bit steep and have been dropping the buy price in small increments since. It is now 13.6. I think somewhere just above 12.5p - say 12.75p - will be fair.

That looks to me 5 x MMM shares = 1 x GEX share

Do the sums. Yes, there is dilution. The old shares from MMM are diluted by 5 times though the new share price of 12.5p is 3.2 times higher than the closing price of 3.9p . Of course, it is not certain that the opening share price will be 12.5p but this looks quite likely.

"A total of 83,678,396 new Ordinary Shares of 5 pence each ("Ordinary Shares") are being issued and allotted at an issue price of 12.5p pence each pursuant to the proposals as set out in the Prospectus.

Application has been made for the Enlarged Share Capital of 90,088,396 Ordinary Shares to be admitted to trading on the Official List and London Stock Exchange from Admission.

Following Admission, the Company will have 90,088,396 Ordinary Shares in issue, each with one voting right."

If you subtract 83,678,396 (new shares issued at 12.5p) from 90,088,396 (total shares on readmission) this gives 6,410,000 which is the amount of shares already in existence from MMM. This figure when multiplied by 5 gives 32,050,000 shares which is the amount of MMM shares when they were suspended.

So the old shares have been divided by 5 but the starting share price should be 3.2 times higher than before suspension.

I don't know too much about this as I was not a holder before suspension but I did read on a post some while ago that there was a sum of cash held by MMM when the share was suspended and it looks as if this cash has been taken out of the equation (spent or whatever) and therefore the m/cap of the old MMM shares was less than the £1.25M shown above. In fact, if my maths are correct the m/cap without the cash was £801,250 (equal to 6,410,000 shares at 12.5p.

K3VMC

So far today you have addressed posts to:

ART123

Billy101203

Ilovesushi

INvestedInterest (2)

Steeltitan60 (2)

and despite admitting you are new here you are disagreeing with every one of them. You are the one who obviously knows nothing - nothing that is except the 'sales spiel' that you have been given by the broker who persuaded you to participate in the bargain-basement placing.