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Very happy with production at Wressle - although February down on January both months more than double what we saw before Christmas and still producing nearly double last year's monthly average.
So an even better outlook coming later this month to go with the record revenue and record profits.
Well let's hope the positive indications in the update come through... and don't forget we loaned £3m in cash to Ardgowan which covers the current market cap. Still can't believe they made such a mess in changing distributor.
As expected and good to see revenue re-growing.
More cash in hand than I anticipated and very positive about the immediate future.
Haven't yet decided if that makes this share price a bargain.
Lol, you can't handle the truth and wouldn't recognize 'balance' if it smacked you in the face. (someone needs to).
Of course it takes a little longer to make a million if the stuff you're selling has dropped by a third in price... and if you're not interested in this sector then please do one and veck off.
You would be better off staying over on the THRU board persimmon.. with your prediction for a 50% rise there by summer. A similar market cap to UJO except that UJO have already turned the corner and are making millions whereas THRU continue to lose money.
The only published 'facts' about Wressle point to there being a whole lot more oil down there than any of the published facts. The last set of clueless data from Gaff could only really say that although we had been sucking it up for a year there was still more than the original amount left to extract.
I'm pretty sure "MM markdown/markup" is a thing, you see it all the time on open.
Hoping things come good for QFI but I'm a bit numb to any news or update that doesn't have an actual sale.
Way to shoot yourself in the foot with the change of distributor. Good to see more export markets though.
Maybe Roland or someone else will come in with an offer for RedLeg and Blavod... I wonder if he was behind the 'new strategy'.
Perhaps we should be thinking of producing Tequila at Ardgowan instead of Gin.. It's a pity because Blackwoods is a really good Gin but then Gordon's is half-decent and that's the default.
With regard to the current share buy back exercise, the company is proceeding perfectly normally and reasonably.
Remember this is the first ever buy back by UJO and they doing what most other companies do on a maiden buy-back. i.e. allowing the broker to do their job and sensibly holding the shares in Treasury. Further down the road, with more and more profit and more buy-backs, it may well become safe and sensible to cancel some Treasury shares.
Don't forget they are limited to what they can buy back by the daily volume traded.
All seems to be going well, hope UJO don't take any of the vitriolic comments on this board seriously as I'm sure the silent majority of shareholders must be very happy with the news and progress made over the past year.