Member Info for burningspear

:)

No guard has changed. It is the same guard who will guard all the moneys raised. And then it will disappear. Then another hole in the ground will be found which will be the next big thing on the back of which more money will be raised. Ad infitum. To suggest otherwise looks like aiding the ruse to be perpetrated on new mugs.

" As with almost every company."

Something tells me that you worked at/for some tawdry bucket shop.

DBGSJPM my behind!

Welcome back DBGSJPMCSBCBP.

Do you think there is a remote chance that there will be another fundraising?

Just an outside chance? The merest of possibilities? An iota of an inkling?

https://twitter.com/anyoldcrud/todistracteveryone/fromthispos/masquearadiasaninvestment/toluremore/mugpuntersin

https://twitter.com/anyoldcrud/todistracteveryone/fromthispos/masquearadiasaninvestment/toluremore/mugpuntersin

is DBSGSJPMCSBCDBBOA?

Was is it simply a drive-by?

Fadec, looked through the RNS's.
Then I checked the basis on all the projects.
Then I checked the bases on the stages.
Only then did I finally focus on the basis of the stages of projects for the year.

I think.

MrM, Wow!

Hmmm........

It is quite clear that the MM's are in cahoots with the shorters to bring this down.

Once people begin to read the extensive analysis provided by some of the more canny ones here I expect the herd to arrive then you will not be able to buy these for love nor money.

To those that missed the salient points, they are:
-zero capital employed
-CBD oil to bring in millions
-Denver (zero cost) to bring in millions
-Hemp seeds to bring in millions, even on a worst case scenario
-DT ultravert to bring in millions
-Nitrogen sales to bring in millions
-Fertilizer sales to bring in millions
-Helium sales to bring in millions

This is a ground floor opportunity to invest before the II arrive - which is inevitable.

And the company have already said that they should have enough revenue sufficient to cover their overheads.

And they are completely unlike UKOG - which is a good thing.

Once the cheap shares are gone only the expensive ones will remain.

Heart

Hear rending story. On the basis of that I am going to buy some.

RKB, Since I am a bit wet behind the ears could you please kindly explain to me what the following means as it has left me somewhat befuddled. TIA for your reply.

3. LOSS ON DISPOSAL OF INTANGIBLE ASSET

During the period, the company disposed of 49.5% out of its 57% working interest in its existing and potential future wells at its East Denver site. The loss refers solely to the difference between the proceeds of the sale and the remaining cost to Highlands of the existing wells except for a small amount proportionate to the retained interest in those existing wells. It does not take into consideration any past or future potential revenues from any of the current or new wells.

RKB, Thank you kindly for that post which does nothing to address the questions I raised, namely your assertion that we have not had to provide capital to get a "free" ride at east denver. Maybe if I repost my original post you may be able to address the specifics rather than your observations on UKOG:

RKB, Are you absolutely, categorically certain about some of your claims? Especially the veracity of this assertion :" To have eight producing wells in East Denver that we have not had to provide any capital at all and to be on a free ride for 7.5%"

How did we come to acquire it? Was it gifted to us via some largesse of a donor?

Have these wells just started producing? If not what did they produce previously and how did that stack up to the promises made?

I am of the distinct impression that we made a loss of £1,883,820 on "acquiring" this "free carry".

Whilst I am jumping for joy at the various projections of the vast amount of income we are going to be generating I find it curious that the company itself says that all this income will be just "sufficient" to cover all their overheads :

"Taking account of the expected revenues from these additional sources (but before the revenues from Zoetic's crops as described below), the Board remains of the view that the Company will generate sufficient cash flow to cover all overheads for the current year."

I suggest that either the income projections outlined by some here are wildly optimistic or that the company does not understand its own accounts.

Hmmm.

RKB, Are you absolutely, categorically certain about some of your claims? Especially the veracity of this assertion :" To have eight producing wells in East Denver that we have not had to provide any capital at all and to be on a free ride for 7.5%"

How did we come to acquire it? Was it gifted to us via some largesse of a donor?

Have these wells just started producing? If not what did they produce previously and how did that stack up to the promises made?

I am of the distinct impression that we made a loss of £1,883,820 on "acquiring" this "free carry".

Whilst I am jumping for joy at the various projections of the vast amount of income we are going to be generating I find it curious that the company itself says that all this income will be just "sufficient" to cover all their overheads :

"Taking account of the expected revenues from these additional sources (but before the revenues from Zoetic's crops as described below), the Board remains of the view that the Company will generate sufficient cash flow to cover all overheads for the current year."

I suggest that either the income projections outlined by some here are wildly optimistic or that the company does not understand its own accounts.

Hmmm.

We desperately need another twitter link about general stuff.
Can anyone be Helpful?

boo, SM owes £1,106,943 to RRR which one presumes is to be kissed goodbye..
Amulet was a loan, opaque in nature, that no one understands nor wishes to discuss.

Another day at the office for RRR basically.

What we could really do with is a random twitter link about some general stuff. That always galvanises the price I find.

Or possibly not.

As the value of our holding in RGM goes the same way as Steelmin!

https://seekingalpha.com/poorunhelpful/everytweet/happenstobe/absolute/unadulterated/totaland/complete/shite