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These results were already flagged earlier in the year. Listened to the presentation this morning - had it on in the background.
I'm more positive about the company after listening to the presentation and feel they will succeed in Europe with the roll out for Efmody and also therefore for rest of the world.
Since when have you gained the ability to advise on fundamentals or technical analysis as you have been asking others for help or thanking them for advising you to sell:
Posted in: ARCM
Thanks for the advice .09 Jun 2021 13:59
Just like to thank the gentleman that advised me to sell here when this was 6.5p.
You sir are a gentleman.
I invested the money elsewhere and it's doing well.
Posted in: PRD
Cash position07 Jul 2021 10:59
Can anyone give me an idea on the remainder Ng cash position here please?
Plus will they need to raise cash for further drilling ?
Here's your earlier UOG posts:
Posted in: UOG
RE: Egypt and Italy06 Apr 2021 21:43
I had 17p written down myself for end of this year but looks like I will have to up that a bit .
Not complaining either.
Keep buying on the dips people .
This looks a fabulous opportunity .
Plus we have not really even started yet ."
Posted in: UOG
RE: Pay27 Apr 2021 16:20
I get the questions on this but this is not ukog .
We can see the progress and so far I'm happy to hold for mid cap status in the future.
I would also like to see a share buy back to reduce the number of shares in issue ."
Does this make you a ramper? How have the fundamentals changed for you to change your opinion? Your earlier posts were from 3-4 months ago and the fundamentals have got better since then with the newsflow. And yes you can ask a friend.
Judging by your other posts you're just a deramper and ramper when it suits your purpose - for example deramping 88e at around 1p and now over 2p and Asiamet as being worth 5p ish when it was around 2p.
So transparent and many people do say a lot worse when they come across this type of behaviour.
You are getting your cases confused. What I posted is not about defamation/slander but market manipulation.
I see you mentioning the warrants and the share price fall but you were the one who was posting multiple posts a day at the time. Where's our friend Batch posting about the company going broke, this is creating a false impression of the value of the company - "It is an offence for a person to act or engage in a course of conduct which creates a false or misleading impression as to the market in, or the price or value of, any relevant investments."
I see you have posted a lot and personal attacks on the CEO.
I think I will email the company and ask them to investigate further.
Link to criminal charges for share manipulation. Misleading impressions seems quite wide:
"Making misleading statements (section 89) – It is an offence for a person to make a statement or to conceal facts with the intention of inducing another person either to enter into or to refrain from entering into a relevant agreement or to exercise, or refrain from exercising, any rights conferred by a relevant instrument."
"Misleading impressions (section 90) – It is an offence for a person to act or engage in a course of conduct which creates a false or misleading impression as to the market in, or the price or value of, any relevant investments."
Don't think you're invested over there anymore as you haven't posted recently - it's quite obvious when you are or aren't in a share due to the nature of your posting history at the time. You might have even left Zen now. We need to get to you early to warn you of the error of your ways.
I don't see you raising any issues about the Genl director sales:
On 12 May 2021 each of Esa Ikaheimonen, Mike Adams, and Paul Weir exercised options granted to them under the Company's share schemes and sold sufficient shares to cover tax liabilities arising as a result of their option exercises.
These were nil cost options as well.
I'm happy to visit you on your share boards to discuss the merits of your investment decisions if you like. Perhaps others may be happy to oblige as well.
Sorry the madness was here before I posted I'm trying to restore some sanity. My post was very factual. I called out the blatant inconsistencies in a posters posting history - do you have anything to say about that and if not why not?
I called out our FCA regulated financial advisor posting rubbish about the company which we are still waiting for him to back up with evidence. Anything to say about this poster and if not why not or is this your idea of alternative commentary? Are people allowed to post fake news - is that the sort of discussion you want to see on this board?
Doesn't cause consternation - it's more to provide some sort of objective information for potential new investors looking in.
No witch-hunt just facts taken from guess where your very own posts. The quality of the deramping is very poor on this board when posters forget what they wrote previously. What does the bashers guide say - one of the methods is to try to gain trust and then start bashing the share.
I had, when I posted earlier, only picked up on the one post where you said that you weren't expecting anything from Jamaica and then your position turned into you bought in for Jamaica but this is not what you posted at the time before you allegedly bought in and since then also:
"Bought in for Jamaica. Thought the company is self funded with the potential of Jamaica.. if that doesn’t go, I’m disappointed. It is what it is."
Yet you knew about Jamaica on the 29th June 2021 when you posted: "Jamaica should be treated as a bonus if it happens?" this was before your post on 1st July when you said you had bought in - so you knew the position clearly with Jamaica before you say you bought in.
However, your attempts to wriggle out of this difficulty calling it a witch hunt made me look through your other posts as well and it's a position you have maintained all the way through:
3rd July 2021 post:
"Personally I see Jamaica a bonus if/when it happens. Funding first then successful exploration.. it’s not the easiest location I presume?"
4th July post:
"If it comes off then it’s excellent. Whereas Egypt is current."
"Posted in: UOG
RE: Jamaica05 Jul 2021 11:41
Highly unlikely if not impossible. The cost will be enormous. They’d have to raise a lot of fund. Share cap will be billions and billions. They need funding partners. Even then with successful exploration they might still need to raise fund."
Posted in: UOG
RE: Jamaica07 Jul 2021 16:17
Even if they’re going it alone they’ll have to partner someone further down the line developing. But of course if they do find oil it’s easier to find funding. I cannot see them taking the risk do it themselves, a lot of money needed. Other’s opinion welcome. That’s the reason I always see J as a bonus if it happens. I hope I’m very very wrong and it won’t be the first time I’m wrong."
Posted in: UOG
RE: Jamaica07 Jul 2021 17:15
Crowdfunding, I hope you don’t mean it literally :)) I’m not saying it won’t happen, I’m saying they need funding and funding is hard to come by but as you say they’re all moneymen they should have ways. Enjoy England tonight. They’ve made it twice hopefully third time too."
Posted in: UOG
RE: Jamaica07 Jul 2021 21:35
What do you think? If at 4p, then it’s 1 billion shares, and it won’t be at 4p, it’ll be below that. I cannot see them doing that. We need funding. They might find someone and give away 70% or something. Who knows."
It doesn't help Levi when you give such posters a get out of
I disagree Batch.
The fake posters on here need calling out as that is how this board will return to some normality IMO after becoming farcical through the likes of yourself and your mates recent posts.
I think you are the detective here from your silly post here. I see you never responded to the calls for evidence and the mobile number not showing up on a Google search. An FCA regulated advisor - is that what they do come on anonymous boards and make false uncorroborated statements. Who is being childish here?
Posted in: UOG
RE: This stock....20 Jul 2021 17:10
It is though, many brokers have major warning signs and some project bankruptcy within 2 years without further capital raising. So yes, this is a trash stock.
And Gingerhippo, feel free to call me on 07977145259 if you wish to discuss anything further, as you are really annoying me with your ridiculous comments over and over again. I was ART1972 but was so infuriated with some people own here, I deleted that account and they wouldn't re-instate it. SO i have had two accounts yes. I haven't changed stance one.
Feel free to google that phone number and understand i'm an FCA regulated advisor who is professionally qualified, unlike most of you lemmings on here."
A lot of posters on this board being tripped up by earlier posts. Have to qualify that when I say it's a lot of posters. Lol! You can work out what is probably going on here with the multiple negative posters.
Here is your earlier post Lords when you said that you see Jamaica as a bonus if it happens and now you say you bought in for Jamaica and will be disappointed if it doesn't happen!
Posted in: UOG
RE: New here03 Jul 2021 14:41
$5.5 mil for admin cost.. $5.6 production cost pb. Thank you all for the figures.
Please what is uog’s reserves for Egypt? Personally I see Jamaica a bonus if/when it happens. Funding first then successful exploration.. it’s not the easiest location I presume?
Give it a rest will you whoever you are. You are not even invested here.
Go and chat on the boards you are invested in. How long have you been investing as you seem to take advice from anonymous posters on these boards asking for the cash position of PRD and whether it would be doing another placing when it was around 8p - how is that trade going for you?
Thanking another poster for advising you to sell Arcm. Seriously! Yet you are the sage here telling us how shares go up and down and that shareholder value is created by pumping the share price without growing and creating value in the business.
Think you are wasting your time if you think people take your comments seriously.
Judge a poster by his/her actions. So Batch claims to be an FCA regulated advisor who is professionally qualified and resorts to name calling posters here and name calling the company. The simple test of whether he is an FCA regulated advisor is to decide whether such a professional would behave in this way. Well no. No FCA regulated advisor would behave in this manner and post their number so that they can be reported to their professional body. Honestly, are you a 5 years old Batch?
And the post lacks any professional technical ability. Lol. Who are these brokers. We are all waiting.
In fact, as I posted previously, the Altman Z score gives us a clean bill of health:
"United Oil & Gas has an Z2-Score of 3.76
This indicates the company is likely to be in good financial health"
Also, the Piotroski F score: "The company's financial situation is typical for a stable company."
Now these are two respected and go to scoring criteria to check out the financial health of a company and UOG passes both. Don't forget that these financial measures are based on last year's accounts and the oil price and barrels of oil per day being produced at that time. Oil production and the price has since increased and the debt has gone down (shirtly to be gone completely) so the above scores should be higher when the company next reports.
UOG'S interest cover is also remarkable.
"The ratio is calculated by dividing a company's EBIT by the company's interest expenses for the same period. The lower the ratio, the more the company is burdened by debt expense. When a company's interest coverage ratio is only 1.5 or lower, its ability to meet interest expenses may be questionable." (Investopedia)
UOG'S interest cover is a whopping 98.93!
Your friend mentioned Genl - as mentioned already it's flagging "bankruptcy" on the Z2 score and its interes cover is -12.36. But your friend, or the other account sitting on your computer probably, preferred to invest in Genl. I hope as an FCA advisor you warn him of the dangers of investing in such companies.
Now I'll let you look up the above terms as there is nothing professional about you to indicate you will understand the above post.
Barnetpeter is famous on the LSE boards for almost never losing in any of his positions. He buys at the lows of the day or the year and also manages to sell at the highs of the day/year. Better than the famous investors such as Buffet and Lynch.
However, the reality is that some of his predictions come true and some don't as you would expect.
This is a post on this stock where the prediction was wrong as he sold most of his stock early, like I say nothing to say that his methods are correct. It's all supposedly based on charts which most other investors don't rely on completely as they are not totally reliable. What you are seeing in reality is that there is a general pullback in the market in small caps which hopefully will soon reverse.
"barnetpeter Premium Member
GGP22 Dec '20
The price would now be over 5p if they had held on to GGP. I sold most of my Prim when they did....I guess a lot of investors did. That was the main reason to buy in here. Kept a freeroll though......lets hope they can hit another big winner and / or return some cash"
It's for everyone to make their own decisions as to whether they wish to sell or not. I see you did that in your recent posts that I alluded to.
Investors normally sell if the story has changed. Here it seems to me that the story has not changed but has only got better with the commercial progress being made.
Buffet doesn't sell if he is down a certain percentage he sells if the business case changes hence his sales in the Airlines.
Peter Lynch another famous investor didn't use stop losses as far as I am aware. Look up his purchases of Taco Bell all the way down to $1 and it's subsequent takeover at $42.00.
20% stop losses wouldn't work well on Aim stocks due to the volatility - people will probably find that all there stocks have been sold in a short space of time and are now mostly back to previous levels or higher! Not a very good way to run a portfolio.
But I'm not giving advice it's for people to make up their own minds as to how they manage their portfolios.
One other thing, where you say:
"Oh finally, the book is written by an ex manager of investors, and he says that when an investor was 20% down, he forced them to take action."
This is true but the author of the book also talks about - either cutting lose if it was a bad decision etc. as you say but if not and it's still a sound investment (to the nearest meaning as I listened to some of the book a while ago , still need to finish on Audible) then an investor should average down so they can benefit from the increase in the share price when it comes.
Funds don't normally operate a 20% stop loss if the story hasn't changed. There's been no news of any real issues and no RNS's and institutions have actually bought more in the placing.
Amati for example are on record as saying they hold pretty much forever in their stocks.