Member Info for Bridgedogg1

Holding steady. If the afternoon buyer drops in on this it will push much higher.

Bit of an overreaction but still its not great when you have a $4m spending commitment and don't find and copper on your first drill.

When a £569 trade wipes off a quarter of your company value, lols

Sentiment seems to be turning around here. UJO is now cheap as chips, with only current producing assets priced in. Great entry for new investors.

Certainly seems that the traders are licking their lips at the prospect of getting in nearer 20p. Do t see if happening though.

The company went through £17m in the 12 months that it was delivering a transformation of the business. That is now complete so cash burn should decrease and this provides a base for growth.

“ The Company's medium-term guidance remains unchanged, and the Board continues to expect Purplebricks to be able to deliver annual revenue growth in excess of 20% in the medium-term, with confidence in the Group's ability to deliver against its growth strategy”

Minnie - thanks for the info

So Jupiter dropped 1% a week ago when the results came out. I wonder how many of the larger sells from last week were theirs?
Doesn't seem to be any significant offload going on now, indeed more like someone is building a position into the close each day. If we can hold at a good level in morning trading we should add significantly in the afternoon if the pattern continues.

Filtered Sain

You forgot to mention the low gas hedge for the foreseeable

6 months to update the feasibility study???

Why?

I’ve been waiting for this to hit 15.5p since the placing in September. Bought in on Friday and expect it to move back up to mid 20s fairly soon.

A lot of negativity driving this down but at the same time plenty of cash being generated, West Newton news and a very widely followed share.

Going to ignore the leak side show

GLA

Quite excited for testing tomorrow. I think it’s the start of a rerate to fairer value. Expect the large buyer from last week to show their hand a bit quicker rather than waiting for the late afternoon. For new holders like me this is the beginning of an exciting journey, hopefully long term holders will make back some of their losses. Very much oversold on the latest news. Certainly now vulnerable to takeover while under £1.

For me I won’t be selling anything below 1p. Could be tempted to sell 1/3 around 1.2p and some more around 1.5p. After that I’ll let it run.

Ofcourse there is some true to the deramping posts, that’s what makes them effective. Investors have to decide what you think is fair value and compare to current value to decide of what position you want to take. My view is that taking into account the headwinds for the next 3 months against the value of the brand, business and underlying cash that this has been massively oversold and presents a great buying opportunity. Someone with deep pockets also thinks so with the clusters of large trades that have been popping up. There is also some very strong support at these levels which is why the buyer has chosen here to pick up the shares. I’m happy with my 34p buy-in and small additions on weakness below that level.

Just as this seemed to be gathering a bit of momentum 3 large sells pulled it up short. Just goes to show what could happen. Some string buying could take up outside of the current range, support below 0.4p still very strong and the longer we stay here the better the chart looks. It’s my honest opinion that once we break 0.5p we will hit 1p very quickly afterwards. GLA have a good weekend

As even the most powerful military force in the world has found - it is very difficult to defeat a local guerrilla force who hide out in their native mountains / jungles. The Tigray region wastes centre of power in Ethiopia for many years, a large established well trained fighting force and defensible positions. The gov have had a year to get all the soldiers and hardware together to shift them and have failed. During that time they basically laid siege to the region resulting in a humanitarian crisis. But believe me the men with the guns don’t go hungry, it’s just the poor villagers. The only way out for the gov is to capitulate the region back to Tirgray control and back off the federal power play. Otherwise, if the gig falls it will be replaced by splintered fighting groups who will also ultimately end up fighting for power and this may continue for ten years. I’m worried now and the Harry brush off hadn’t calmed matters further investors. Clearly the financiers want to wait for the outcome before committing. If the current gig emerges victorious in some way, most likely through negotiations then this May still go ahead, any other outcome I think we will have to write it off. All imo ofcourse

EDR still owe UJO £1m?

Yep, looks like £350k, similar to yesterday. Didn’t move the price significantly though which is a Shane but does mop up done if those floating shares. Next week should push higher.

Most of the buying yesterday occurred in the last hour of trading. It will be interesting to see if it’s similar today.