Member Info for DVara

You look at the finances, even with the debt levels i think 30c will be either in 1 or 2 quarters time.

Which makes the 12 month price movement right now over +25%. I can see a 900p upside in not too distant future. My main concern is the current market for American IPOs and the knock on impact from them. Oil and gas prices are still high so its a great time for ENOG to print money at full production

I had some low level buys set on this stock which got triggered during the sell off before the 5pm placement was announced. I spent less than an hour looking at the volume of sales, called it Insider Trading and assumed there was some very bad news coming and sold at a 10% loss pretty much immediately. I was right as the next day they announced the 5p sell off.

I had previously bought this stock at lows and sold at the highs, to make an ok return, but I'm glad I mostly walked away from this stock towards a decent dividend returning stock (Serica and others) last year.

I wouldn't invest anything into UJO. Yes it will probably have a few rises, but its clear the directors are treating this like a 5 year retirement plan (without breaking any laws, sadly). You wont see a dividend here for a good few years, I'd expect they will rinse through the 2 million and look at either a large loan or another placing in 2 years time.

I bought in at 36.9, topped up at 12.1 and 13.8 and I was anticipating sanctions with the Russia situation building a month ago so bought as much as I could physically buy... I'm into credit after seeing a lot of red for the last 6 months There's no chance of me selling yet though. Lets be glad we're not Germany right now.

Im not certain we've seen the bottom, especially with the rising energy prices this winter impacting the steel production. I just hope BILM are not into too many fixed priced lump sum quotations. Im also glad I reduced my buy in point for these last week, but I am now questioning lowering it a little more.

I was just reading that. The 0.45p buy target felt a little low imo. I was expecting to see reports with a target above 0.50p - but they do mention it is based on the risked NAV and an oil price of $50.

Good question. I believe they did a placing for 7million in September @ 0.16p and they stated in September cash reserves in excess of £11m after the raising. This means they are fully funded and it is one of the reasons I bought in.

I'm the exact same here. I added to the bag with this one today in the hope I'm buying in at a low point, but I'm still uncertain on the overall income potential for UJO here so being quite restrained on the overall investment amount.

This could easily drop further as well whilst waiting on the tests, but after I missed some of my buys on ARK in December (I expected it to bottom out at 1.00/1.05 before rebounded on the upcoming news) I'd rather risk being in slightly higher than missing out!

Is it right these guys issued 3.67bn new shares priced at 0.132p each in December?

I think we're all waiting for the sign off from the environment minister? He has a strong green agenda though, but I can see it not receiving approval.

I see 1.00 as a good buy point with this. On the run-up to the announcement, it could rise quite dramatically.

Well that makes more sense for me on why the share price barely moved even with the large volumes yesterday. Lot of investors trying to take that 15%.

Ive seen testing take ages so im going to do some research and see how long theyve taken before at previous sites. What do we anticipate is the time frame based on previous well tests?

How many placing shares are there?

Im bought in at .19 and should have done more research on these placing shares