Member Info for chrishutch

Hopefully a better day here.

Sure, I understand you frustration completely.

Be sorry to see you go G_G_G but you have sounded like you wanted out for a while. Wish you the best if you decide to move on.

Ironically, those trades are showing as 'non protected portfolio single protected transactions' for at least two of the 4 trades which some of you maybe remember we saw the same thing when Scott bought before.

Obviously, it might not be him buying and as I don't have a crystal ball but it is a big coincidence!!

Persimmon you working over time this morning. Too much coffee?

What’s your thoughts, truthfactory?

They like a cheeky offer don’t they...

They must see value to make to the offer?

and we are turning blue

haha, got to love that for a catchy headline!

Personally, looking forward to the future here and if we hit half of Brokerman Dan's 6p target I will be over the moon!

I think the 10 million director buy of Scott fletcher's is a huge positive. It was done on the open market to the best of my knowledge and was designed to show his confidence in the company at a time when they are unable to give updates.

It was also legal and incredibly clever as some retail investors annoyed by the misjudged time lines had sold down and caused a bit of panic selling during a low liquidity period.

As we are all aware that negotiations between the company, the Government and EDM are ongoing that puts this information in the public domain. So as long as his actual buying was done at time when the company were waiting for further information which we know from the lack of RNS then it is all considered above board. He has exploited the weakness in price to its full potential.

The major shareholders list on the company website has been updated recently and shows all the majors holdings including Scott's. The update reflects his recent buys and his percentage increase.

The holdings of the others when compared to previous major shareholding updates on the company site show that all holders have decreased their size by exactly 5.6% with the exception of Scott who obviously increased.

This 5.6% decreased amount equates to the recent cash raise/placing. To me this suggests that Scott has been buying on the open market and the others have currently maintained their holdings. But if not and someone is selling but has delayed reporting while they offload then we know that either Scott is happy to consume at this level or is happy to buy the value at the current price.

So why is the price where it is, well clearly Scott has got a great price, no surprise there. But why did Scott not push the price up as he finished buying? This would be normal with the tail end of a majors buying, does he want more, is he still buying? or does he want the seller to have to sell down here? Has anyone tried buying in size to see what is available? or what happens to the price on buys.

I personally think he is just happy with the price and will take advantage to bring his average right down while he can as knows that on news the share price will leapfrog higher.

Mr Daniel Levi (Sinner) @BrokermanDaniel
19m
#UJO #RBD massively undervalued at the moment according 2 information coming out of #WestNewton partners

Union Jack ???? £1.50p ??

Reabold maybe 6p+

On successful oil/condensate/gas flowing #WestNewton

All stakeholders believe core analysis shows it’s going to ‘gush out’

Well played Lenin they have held the price back for you haha.

Everyday is a day closer.

Yeah, NCCL, should have known better, who gives an estimate when the time period is not in your control. That was daft and caused worry, profit taking and the price to halve when no news came, which should have been cleared up right away as there was nothing to worry about. Not really fair to us shareholders and left me feeling frustrated and let down.

The good news is that if there was anything negative the would have had to notify the market so I take that as a positive and and the fact a director bought another 10 mill is a great sign. Looking at the price action he had that order worked and possible is continuing to buy, but that is hearsay, what we want is the frecking tariff news so we can open this up and start the price climb.

Morning all.

Haha, I am as confident with my position here as I have ever been. But you are right I have posted more than normal. This is because a number of events happened:

Positive update from the company in the form of RNS.
Brokerman Dans talk of majors being interested and offers being made.
Stephy (UJO PR) talking of lots of amateurs underestimating the prospects of West Newton
The shear price value here today.

I have not even mentioned the Malcy write up yet, haha.

crazy price. Tuesdays eh.. still these levels will be a distant memory soon enough.

https://twitter.com/stefixy/status/1384476973620105221?s=12

According to UJO PR
“Overall it is good to see so much progress being made at West Newton, a project I believe to be significantly bigger than many in the marketplace are still yet to recognize.”

For those just starting lunch:

Mr Daniel Levi (Sinner) @BrokermanDaniel
14m
Replying to @*************01
Sources: potentially 150M+BOE recoverable at #WestNewton It’s an offshore discovery onshore

Make no mistake it’ll be sold to 1 of 2 majors currently in talks with #RBD #Rathlin & #UJO

Punters don’t know this, but they do now!

Junior partner #UJO turned down circa £40M offer