Member Info for GingerHippo

Agreed, RashPurchase. The government "declaring war on FX traders" is pretty meaningless. In fact, I don't remember any times a government has "declared war" on a political issue and won (war on drugs, war on poverty, war on obesity, etc).

For an already undervalued stock to drop 25% on such rhetoric is crazy.

It seems like this share was pumped and dumped.

As someone who has been invested for a few years and very much looking forward to the conclusion of the farmout deal at Jamaica, I'm not happy that we were used as such. We have so much more to offer than a P&D tool. We have a huge asset at Jamaica, enough cash to keep going without placing, and interest form big players in the farmout. I am confident it will come good in time on its own merits.

“Fastest growing economy” that was meant to say

"Lets just say they're keeping a very close eye on Guyana"

Guyana is the fastest economy in the world thanks to the recent oil discovery. Jamaica would definitely want something similar happening to them. No doubt about that.

I don't know

Coyote, the $31M would take Stratex down to 10% from the 34.85% it currently owns.

So the entire asset is worth $31M / 0.2485 = $124.75M

If it would cost AGEM $31M to get Stratex down to 10% (from its current position of 34.85% - (that's 85% x 41%)), doesn't that indicate that the asset is worth $31M / 24.85 x 100 = $124.75M.

Since ORR still owns 34.85% that means our share in this assert is currently worth $43.5M, while our market cap is just £14.2M. This doesn't even factor in anything in Cameroon.

Actually it's worth even more than that because even if they spend $31M, ORR retains a smelter royalty.

Someone check my maths please, I still haven't had a coffee yet....

Earl,

Petroinvestor is just going round lse copy and pasting the same message everywhere with zero thought. just check his last several posts.

Early, thanks for your posts. I fully agree with you.

I've been posting stuff like this for a long time but it's been like shouting into the void. The market has treated UOG badly at every stage. But, like you say, what's done is done. We are extremely undervalued for what we have.

Any major (or even mid sized) O&G would be mad to be unwilling to pay a measly $8.5M for a chunk of this potentially huge asset.

And if successful it would prove definitively that there is commercial oil there and $30M for drilling would be a total no-brainer.

Welcome to room 101.

I’d like to put Asartara in please, Paul.

Excuse me, but this is not a random rise from a normal share price. This is a correction of the massively overdone drop a few weeks ago. Overdue and well deserved. UOG is very undervalued

Here's another one that keeps silent until after he supposedly sold out here and has a stock to pump.....

Yeah right.

The guy doesn't say anything when he (supposedly) buys, only when he (supposedly) sells in order to ramp his own stock. Not transparent at all......

Nice to see us moving towards a more sensible valuation.

Much further to go before I'd call it actually sensible.

IMPORTANT CORRECTION ON THE COPY AND PASTE BELOW.

Upon conclusion of the work program, the plan is to drill an initial test well to target a 400 million bbl of recoverable oil prospect at a cost of $30 million (NOT 530 AS POSTED BELOW).

See the original text for yourselves:

https://www.energyadvisors.com/deals/45450

I agree. But I don't want to include potential future revenue streams (eg Netherlands) to demonstrate the point.

Yes, the potential here is beyond £5 in the long term IMO.

Kaz, A 500p share price for Cabp would give it a market cap of £1.27Bn. At a PE of 15 that would take net profit of £85M. If Cab can continue its 25% a year growth, that happens in 2027, which is not that far off.

Additionally I think it's likely that Cab will do some share buybacks at some point, so getting to £5 a share would take even less growth.

So I don't agree with your assessment that £5 is warped. Not this year, but within 5 years? Definitely achievable IMO.

We're all frustrated, MG.

Let's hope this is the start of SYME turning a corner. An RNS confirming first WL deal done would be very much welcomed. No idea when that might come. Maybe tomorrow, maybe a month. If I was a betting man I'd say about a week before the next AGM....

The point is, the question shouldn't be why did we go up so much today.

The question should be why did we drop so much this month?

You're suspicious of the rise? I'm suspicious of the drop.

Let me rephrase.

If it is true that the downward pressure has been manipulated due to the loaned shares, as many have been saying for some time, then you would expect to see a rise again once the loan shares have bee settled.

Evidently the loaned shares have been moved in the last few days and suddenly we move from 0.03 to 0.042 40%) in 2 days. Is that a coincidence or is this the last act of the long and drawn out shenanigans?

I have no idea. Time will tell.