Member Info for dougb189

Talk of the town hfb., ‘’the Duracell's that keep on giving”.

Was there anything else on the London agenda apart from tea & cucumber sandwiches ?

Window shopping perhaps ?

So the liquidity has now totally evaporated,

& the brokers will happily purchase all you have..

The 1st RNS to drop will be the Q2 results which comes with a paragraph or two of any events occurring after the reporting period. Might then be a wee write up on BOV purchasing more equity in addition to the warrants that they exercised during the same week.

Further RNS’s ?

& I suspect that like many LTH, that a Costa breakfast might be on the cards, whilst neurotic shorters and disappointed day traders (lol but did he really put £70k on a stock with no research other than reading twitter ?!) who then squabble fabricate counter & cross-counter innuendos.

In that ‘worst case’ scenario & UPL fess up that the letter-heads were all entitled ‘The Daily Star’ & so a yellow card is issued, the final result will still stand, 61.4M warrants exercised.

The LTH’s will no doubt be enjoying a leisurely breakfast and looking to supplement that by waiting to see what fruit might fall from the tree.

And IF indeed ‘..the potential is humongous..’ then why are peeps focusing on the short term gains when surely IF the prospect is indeed humungous (the field at 16% larger than the total landmass of its neighbour Brunei, with similar strata, then suggests a v.good probability of some fairly decent oil) hence a 3 year plan should be being considered ?

The bod having now forwarded a PSC for approval by Petros [Petroleum Sarawak.gov] who are reported to be pleased at its outlines, which will then see what ? Petros normally then takes a c.7% in any development ? But yet, no matter how close the political connections, UPL imv are still likely to get weighted on, during any ‘initial’ production, which for me is then pointing at a slow but steady development ie. the bigger picture looks, well worth waiting for.

Could also factor in Brighty, that the bigger picture is inclusive that 61M warrants have now been exercised generating £447k in funds, or a total of £590,000 from options / warrants/ raises done in the last 4 weeks, which then imv overrides any short term concerns of the sp.

The big winners in all this are the LTH, those having held c.0.5p and similar to self, who will be mighty pleased to then get another chance to buy into a field that sits on the same strata as its neighbour Brunei and with this particular field, then comes in at 16% larger.

Shorts are now screaming for a 1.5p target tomorrow. Lol, but it simply may or may not happen. If it does happen, then the shorts will be able to buy out, prior to this again gently moving up as further field developments get ticked off. The shorts getting out sub 2p will still be at a fraction of the profit, that the LTH are sitting on. Ditto, the big winners are the LTH. 64% of IG clients sitting on a short position, which was taken out & held (admirably or foolishly) down to 1.6p will imv, then need to see them up their campaign of posting negativities. Currently their arguments are looking somewhat well below par.

Guessing that even Uncle Tom was then left feeling bemused by one of his mates holding out for a lower price (below 1.6p) & then that mate having to ask for support via TW’s platform over 2 consecutive weeks. Initial post done 2 weeks ago as the sp slowly climbed up thru 2.2 to 2.4p & then last week as the sp approached 3.5p. It was then seen that at that time Tom had no deep knowledge of UPL as per the post on his forum trying to promote his mate’s short including that allegedly we only have a “20%” interest in the current technical study for the field. Lol. It then rather put TW’s reputation as a hard hitter with solid technical facts on to an unusual poor standing. Having watched last week’s shenanigans, TW then correctly pointed out that there was a scam occurring. & then in his own words ‘at best, the bod are guilty of naivety & of negligence’. At worst ? & then we should all hopefully be able to find out tomorrow. Lol, but the LTH ain’t going to be too fazed with a penny drop or two. Quite the opposite I suspect.

Sarawak’s Chief Minister’s recent quote ‘..Sarawak is for Sarawakians..’ and that will be one of his closest buddies, Bolhassan doing the development.

The ‘asset’ is why the Cove team bought in for £1M from the February placing.

Definitely.

Lol, so what makes you think i wish to vacate at 3p when way prior to last week’s shenanigans by a 3rd party fraudster the sp was slowly rising to 3.5p ?

Most peeps are disappointed in the bod but their explanation should be forthcoming soon.

64% of IG clients had shorts when this was at 1.6p

immediately prior to this bouncing down off 8p

So, quite a few margin calls were then issued.

And those that survived, are now asking for 1.5p ?!

Mr. William G Bollinger is probably going to be somewhat displeased that his name has now been sullied with a fraudulent bid, which was then perpetrated by a possible lack of due care and diligence by the bod.

Assuming that the bod do then concur with the market that there has been serious fraudulent actions, they might then perhaps follow through with either :

verification of any of the received communications and of any dd carried out.

Or perhaps calling for market suspension for say 24hrs, thus highlighting to the FCA, to the investors & to Mr.Bollinger that they do consider the matter as a significantly serious breech of market rules, & hence might then allay the various concerns.

Stas, at 2.6p and even with a possible 80% premium bringing that price down to 2.08p (which although was given to previous placings does not appear to be occurring now) it shows a lot of confidence by Anavio.

Still looking at another couple of weeks before the GGS starts kicking in.

Apologies for the rushed reply bud, but I don’t clear my desk till early pm.

I think that voodoo doll has more pinholes it than the dartboard down at the local…

‘..without a rig or a drill date this company is a bid target..

which is pretty much nonsense… a bid could happen at any given time, just look at the big boys where we now see European majors being deserted by their investors courtesy of non-profitable green policies whilst the US majors are raking it in & now on a fairly aggressive M&A spree…

….what happens when those things are arranged and ready to go?..’

hence why I suspect there was a ‘rushed’ bid. Everything basically kicking off in November & at which point, there is then a possible rerate.

So… Yet another day of Humongous delayed trades.

& the probability that we soon see a TR1 ?

The company turns down a preliminary bid of 14p. And peeps are worried about the Sarawak government increasing the royalty fees ?!!

“… i remained on the sidelines ever since and studying the latest news…”

Did someone miss the boat..

Amusing thread yesterday ‘’UPL v COPL”

And as outlined 15:14

UPL have gone from 213M shares to 1.2B shares (since 2015?)

The year COPL bought into Atomic, their shares were at c.3.6B

And they are now at c.90B outwith their recent the 100:1 consolidation

With the ‘prospects of almost 200B shares IF all the CLN’s were converted ?

And with debt, of how much…

Optiva will be doing the selling. One of the original brokers but whose finances nose dived. Apparently being looked at by FCA. They thought only held c.5% and was thought that during the sell-off in September (c.2.4p down to c.1.6p) that they were the sellers. There was 3 significant sells of 11M, 5M & then 6M which was the estimated holding they had for that batch of purchases.

So far and only c.22M shares traded today, so only 2% of the company traded today with yesterday being 3%. The MM’s doing their thing.

Most of it being held by sticky fingers, inclusive of the original Cove crew, who then paid £1M for c.166Mm shares this February.

& the 64% of IG clients who held this short when this was at 1.6p

Are still smouldering ?!

“… ex-Goldman Sach’s oil services analyst…”

xcusing my bad, but shirley that is wrong ??

Is it not the case, that once a Major, then always a Major ?

‘ the Goldman Sach’s oil services analyst retd. has cooly placed a preliminary bid’ ?!