Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Agree with most thoughts.
Looks to me that SS has been keeping everyone in the dark regarding the Weald potential and what he's finding until he's got as much of it as he can.
He cannot update us without tipping everyone else off.
Maybe now igas are officially taking more of an interest we'll see some figures and results so UKOG can grow quicker before they get gobbled up by a bigger fish.
UKOG also have a huge amount of knowledge and experience of drilling and testing the Weald formations now. That would be extremely valuable to someone like igas, not wanting to repeat all the mistakes of others. UKOG have the data and know where the sweet spots are.
Let it play out and see what happens in my opinion. UKOG hold a lot of cards and there's a lot of money in those hills. GLA
If you've done that there's no reason to be depressed.
The opportunity is massive... just wait for the company to deliver.
I'm guessing right now they've run into delay issue acquiring a rig... nothing else stopping them.
Maybe read all the Games of Thrones books again while you wait.
I try to distract myself with work but that's boring too!
Remember the stock market is a wonderful mechanism for transferring wealth from the impatient to the patient.
GLA
Okay I'll make it easier, fill in the blanks
2) H.......H...
3) G....... B.......
4) I....o. W........ North and South!
5) .................... Unnamed site being negotiated
6) ..................... Unnamed site being negotiated
These are the easier ones... LTH's should be able to list another two..... ??
Okay while we wait....let's play Name the UKOG asset.....
I'll start with the one I first became very interested in :
1) Broadford Bridge
It's just a nice number and an opportunity for publicity and marketing to city investors.
Let's see if SS takes that opportunity.... might be timed with rig and next stage of development announcements etc...
Watch for expensive cars turning up :-)
Sorry Seadoc, I don't know enough about runner bean production, species type of fertilizer etc...
How are people going to know they are yours....have you got independent eyes reporting on your pots from over the fence?
I'll stick to my core knowledge and focus on UKOG for now :-)
They increased it by another 10% on 18th April........ Keep up :-)
They can keep the tankers rolling for a few more weeks yet at an increasing profit margin each day :-)
Agreed, the market needs proof they can deliver on their knowledge and experience.
Drilling the new horizontal HH2 will do that.... not long now chaps.... keep the faith :-)
Or if not sell out and watch from a distance...... each to their own. GLA
waiting for the end game.... just like Game of Thrones or the next Marvel film to be released!
But check all the fundamentals of why you invested in the first place.
List all the assets.
Ask yourself do they have the knowledge to monetize those assets.
Do they have the finances and the people to monetize those assets.
You should end up with a BIG list of yeses and realize that in the timeline we are closer to the end game more than ever now. So either just hold or take the gift of an opportunity and buy more.
Ask Warren Buffet what he would do if he knew of a company sitting on a pile of assets undervalued by the market.
GLA
of this little oiler are fantastic. Cash in the bank, no debt and huge assets being proven up and ridiculously low share price.
No wonder people are buying now with the rising oil price.
Easy win for PI's here for a change :-)
'world' not 'work' .... sorry :-)
What's there to deramp!!!
UKOG have a consistent pattern now of acquiring more interest and acreage of the Weald assets they know and have the knowledge to produce. They just haven't told or shown the work what they can do yet..... and why would you before you had acquired your controlling interest in a large enough asset base. All going to plan and as expected.
Ask yourself why would they be buying more of something they are NOT confident in??? They wouldn't..... use some common sense chaps!!!
It's an absolute gift to buy the shares at this price of us PI's... no need to deramp it further!!!
My first thought this morning was that DOR and DL got their shares at roughly 50% higher price... must be pissed with this deal only a few weeks later. ..... buy 'em before DL starts stake building..... OR another high value investor!!!
Agree the wider market is still waiting for them to prove they can replicate their success and ramp up production with horizontal successfully.
But once they do in the coming weeks at Horse Hill, we can now think of doubling those numbers again with the second site waiting in the wings to come on stream. £££££££££££
Great news, well done UKOG. Gobbling up the smaller stakes and increasing ownership of key assets well within their knowledge base and core business strategy and region. Great move.
Once they have a site approved they will set up a Horse Hill copy cat operation.
So now all the numbers we calculate for the development of Horse Hill we can double at least. In fact we hold a higher percentage of the return on this second potential site.
All that for roughly £1million in our current pricing. It would certainly be prudent for Europa and UJO to hold on to their UKOG stock so they too can reap the rewards of UKOGs knowledge and work.
Glad I've got a decent slice too :-)
GLA
Maybe they are securing fishbones tech to increase production even further...... very exciting to watch and see how it develops over the coming months.
How can it be over due if they are only just pulling out the latest pressure data.
They are building a much stonger data package for the market and high value investors/lenders to judge the value of the assets in the ground.
Once done the assets will underpin the value of UKOG and the SP will react accordingly. Patients chaps.
P.S. wouldn't want to be out over the weekend...... the site is developing.....rigs rolling ???
No problem for the grid at all.
Think about megawatt users like Steel works arc furnaces etc...
Electric car charging will be spread out and little impact on the network capacity.
That being said, I'll be selling my Tesla for a 6.7L petrol guzzling Roller when we hit 15p :-)
Someone still has to use all that oil we'll be producing :-)
Just a thought, the local enforcement have probably advised UKOG not to announce the rig arrival so they don't have issues with Mr and Mrs Swampy.
It's common sense anyway and UKOG certainly have their experience of working around swampy activity in the past.
It'll arrive in the same time whether they tell us or not and we'll get the returns from a successful horizontal drill or two in the same time frame. We don't need to know... it's just nice to know.
GLA
Agreed, wait for the next RNS and AGM statements on the 11th April.
One should invest in a company because it is going to grow..... isn't that why they've asked for more money... to grow quicker. Be patient chaps and calm down dear!
No need for Offshore when onshore is much cheaper and they already have the licences and sites to develop.
As the business evolves and develops they should stick to their core assets and unique bespoke knowledge of the Weald. Maybe they intend to bring the IOW forward.... multiples of Horse Hill and 95% owned!