Member Info for Flombo10

I can’t comment on ujo itself. I don’t know about its debts , commitments,expenses etc etc - just commenting on the valuation by many on that specific asset.

I see many are valuing Union Jack oil 40% stake in wressle from £15-£22m. That must put our 30% stake at 10-15m.

So our market cap at £17m is pure crazy.

Don't be fooled by traders posting baseless scenarios and fake claims, all they are interested in doing is making money at your expense.—- Hilarious, while yours is based on fact . You should be on the stage

Nerves are getting frayed , which is quite understandable.

Been reading up on Shandong DRC. It seems for foreign direct investments , Chinese regulatory bodies almost Never issue final approvals until the host country has legally bound itself to the deal.

They see foreign approval as proof that the project is legally viable and that Chinese capital wont be tied up .

So , EG approval 2 weeks ago ,basically moved the Chinese approval from “ pending status” to active status.

So historically from previous applications-a final administrative decision from Shandong and the local Ministry of Commerce normally comes 4-6 weeks after the foreign approval. So , IF the past is an indicator of the future , we should have Chinese approval within the next 4 weeks .

You are !!!

I imagine you think you’re a real witty guy !!!

Btw, are you the same chap that told us these shares would be about 1p within a week!!

What are you on about . How can I put this politely- nobody gives 2 f..ks about Lansdowne’s claim - what world do you live in!!!

Fear of future placing s, tax losses . Might not believe “ impending compensation”- must ect claims take 5-10 years

I have met many of his cabinet colleagues,have you . I suggest you pop off and do some research before you start giving advice !!!

Seller seems to have gone but so have any buyers ,scared away by resolution 6 and made worst by the video . Don’t think of an elephant!!

Is there any need for resolution 6 now ,maybe next year .

We will have est £1/2m + extra revenue from projected higher oil price coming in, 2p warrants on the horizon .

But now, we are 6 months waiting for Chinese, people getting nervous and instead of issuing clue words that it’s on the way , we talking about raising money .

Surly there are lines of communication with Fuhai and them with the Chinese authorities .

Talk about rigs ,supply lines etc but not placings , otherwise people will start thinking the worst .

He now know he is just as green as Ryan - see recent nuclear debate

Predator never had a ect claim , they just threatened legal action but their bluff was called . They are in exactly the same position they were 2 years ago -give us proof you are financially strong enough to get a licence . If predator are successful in Trinidad or Morocco, they will get their licence . Whether they will be allowed drill is a different question. With green martin in power , I doubt it.

It’s the same playbook they used against Barryroe - the financial angle

Probably for tax loss

Plus the extra revenue from the higher oil prices , which are predicted to stay around 90/95 for the next 9 months according to latest U.K. government analysis

Has that 1.8m sale today finally cleaned out our seller ??

Maytheforce .. dilution would be the same whatever the price. But at 3p, we would raise about £3m compared to 1.4m at current price

The latest date for receipt of proxy is wed June 25. If we have not received the Chinese approval by then , I will personally be voting against resolution 6. In august, it will be a year since this deal was announced and now nearly 6 months waiting for Chinese approval. This is a results business and we need a result now .

They want shareholders permission to let

the board issue up to 10% of the company’s issued share capital and to do so without first offering the shares to existing shareholders.

As the notice went out on Friday , and as long as they update the website today with documents, they should be within the rules .