The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A very clear signal how undervalued we are considered by the BOD. A very bright future now awaits as we look forward to seeing our current assets mature with cash available buy back shares and firm up other opportunities whilst the market has stagnated; patience has rewarded those that held and will continue to do so as this story unfolds
Whilst MTR have suffered the demise of the MOD sp and operations the proposed SFR deal doesn’t bring the same parallels, in fact we are effectively trading MOD for SFR who arguably have a much better chance of getting this lost value back from bots in addition to the already immense company portfolio and strong, liquid share price, so where MOD holders are feeling short changed, MTR are looking more like a Phoenix from the ashes with SFR
It’s going to NT every time
Great all round summary jpt one of the first on this bb for some time and one that educated LTH will welcome and take stock from
BB was a golden nugget that justified the huge SP spike, had it worked first time it would have propelled us overnight given we own it outright; oil extraction is incredibly technical and also requires a little luck, I consider BB as an expensive day at college but we have taken away all the data for our revisit and by then we will be a much different animal given what we are achieving at present. We are now a producing company which should hopefully be self funding to carry it through some very exciting prospects. There will be some spikes this year but I can’t help think the best thing to do is shove these away and come back in 18 months, you may very well have some significant wealth
Don’t loose sight on Broadfield Bridge either, they own this 100% and now have extensive data to return and get the oil which they have already proved if there in abundance, it was BB alone that sent the SP to double figures and here we are now with a genuine “producing” company gaining solid progress and SP momentum without this gem even in play.
Great post Lazygun, my sentiments exactly. This is far bigger than just a straight bid a little over current SP and already involves a string of very well respected figureheads who know the true potential here, it’s much bigger than a quick overnight buck to let go this easy. Sit tight, this will get very interesting over the coming months as other suitors start to show.
Anyone with a genuine position in ukog will welcome yet another solid RNS which further demonstrates the methodology behind ukogs carefully balanced approach to running this business. Oil extraction is highly complicated, expensive and time consuming which is why genuine holders will have the necessary patience as this is carried out, only those wanting quick returns on spikes (either way) will not appreciate today’s news which is consistent with an well run organisation
What a refreshing change
Put £20k in here at .62p when everyone was saying 1p was imminent, I was foolish enough to base an investment on this but I had a plan to exit at .8p (30%) so I thought it was a reasonable punt......held and held and listened to all the excuses GR has made and last night I asked myself; rather than stewing over the £16k hit, would I invest the £4K I have left if I was buying again and there wasn’t a single reason why I would ever go near this if I was reading about the company for the first time, so that’s it, good look all long term holders but I’m out and feel quite relieved it’s all over
Just about sums up the situation
Solid grades coming in
Indeed, SP not giving many that “instant” fix but crucially this is probably one of the most significant RNS in this companies history as this is the actual start of it moving from explorer (volatile swings in share price) to producer where regular cash income will build stability and remove drama from speculators.
Good Garden Lettuce.........as my dad used to say 😬
B99, indeed; there are too many respected and knowledgable people taking positions here at various stages and there are too many aspects linking the assets and prospects for this to be coincidental. I genuinely believe that this play is all about patience but when it does start to come together it’s gonna be a real test deciding when to start top slicing because if the district scale kicks in then this really could keep going and going over many months
Bonker, you beat me to it, I was gonna post this link; what a superb point of view from one of our most significant investors, totally puts everything in place as an investor and why we shouldn’t get caught up on daily tickle tackle on BBs. Galvanises the Sprott investment strategy in MTR
Trading halt was for MOD not MTR moreover the halt was for very significant positive news, nothing at all to do with a placing for MTR....really
Further proof of AEM concept is just as crucial in proving up this huge play
Simple, it’s just impatient people and traders. Everything is progressing as planned with UKOG
Indeed, so much potential but also so many have been burnt here following the very large B.B. spike this could go either way and will definitely catch more out than not, in fact, I would suggest that absolutely no one (short term) calls this spot on no matter what their position given the situation and what has gone before and of course the games played on AIM.