A good post27 Feb 2018 11:09
I anticipate a strategic plan for the Italian operation as I believe a technical meeting has/is taking place to form the work plan going forward. I also anticipate further news on acquisitions as the option on the further 10% of Colter is due by the end of March. Brian said he took the option as he didn�t wish to tie up capital as they were considering further opportunities and wanted the best option for shareholders. The addition of Graham Martin would also suggest further acquisitions are in the pipeline as Brian said bolstering the team would be key to be able to run a much larger operation. The great thing about uog is the previous fundraising was done at pretty much zero discount and further increased the share price 10-20% in the short term. I�m very comfortable holding here for the long term. Current Broker note NAV sits at �50 million. When the Jamaica seismics start in April I believe the further �200 million NAV will start to be reflected in the share price. These guys have shown what they can deliver in 6 months, give them another 6 and I think we will all be more than happy.
Thought it was worth repeating compared to the drivel you usually get on here.