Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The placing results for Reabold for the £24 million placing, 2/3 for West Newton and investment in Rathlin is excellent news for UJO. Now for news flow, EWT, CPR. WN-B etc. If chrisoil stops selling days of 0.2p will hopefully be over soon. https://contrarianinvestor.net/posts/2019/10/8/reabold-resources-gets-placing-going-at-around-10-percent-discount-to-raise-24-million
Reabold Resources gets placing going at around 10 per cent discount to raise £24 million - news tomorrow with final result and all systems go. See full article at https://contrarianinvestor.net/posts/2019/10/8/reabold-resources-gets-placing-going-at-around-10-percent-discount-to-raise-24-million
Investment May 2019 12.1 billion x 7% x 0.1p = £847,000
Proceeds of Sale October 2019 12.1 billion x (7-3) 4% x 0.22 = £1,065,466
Profit = £218,466
Now bad for 5 months work! See full article on the TR1 and share sales at https://contrarianinvestor.net/posts/2019/10/8/controversy-as-chris-williams-aka-chrisoil-sells-down-ujo-stake
Reabold Resources placing document details - a good read for Union Jack Oil Shareholders. Pictures of key pages of placing doc.
https://contrarianinvestor.net/posts/2019/10/7/reabold-resources-placing-document-details-a-good-read-for-union-jack-oil-shareholders
After Friday’s sharp share price reversal to send it 5% higher on the day after moving down to lows around 181p, plenty of excitement for investors this week for Metro Bank Shareholders.
With Chairman, Vernon Hill departing in the next few weeks, who knows if the Telegraph article to take the bank private will come to pass. With the £350 million bond issue out of the way, at a market cap of less than £340 million, even with all the bad news over the last few weeks looks mighty enticing. It is still a top rated bank for customer service and appears to have much to offer to a predator, especially one that can refinance the latest debt issue at more favourable terms than a 9.5 percent coupon. https://contrarianinvestor.net/posts/2019/10/07/metro-bank-ft-article-october-6-2019-extract-and-link-investors-metro-bank-victory-could-be-short-lived
There is plenty of talk about a CPR for West Newton being imminent. Having spoken to DB recently, this was certainly not my impression as he pointed out that the work needed to cover the wider basin not just the WN-1 well, complex analytics etc. However, I do see people's point that Reabold would not be able to get £30 million in the placing, 2/3 to spend on West Newton, if potential investors did not have any data to assess the field. So I'm not sure....perhaps a prelim reserves report? Or confidentiality issues...who knows. RBD placing results Tuesday. If it gets it away, very very good news for UJO.
https://contrarianinvestor.net/posts/2019/10/4/reabold-rumours-a-reminder-of-ujo-news-flow-and-fully-funded-for-west-newton-prospect
MTRO is bombed out, but maybe too much so. It doesn’t appear to be going bust as the new money means the bank comfortably meats its capital requirements for MREL. This is a volatile share, but the fundamentals look good enough at these share price levels to make a substantial speculative buy. See full reivew on yesterdays action and learnings from Bond prospectus at https://contrarianinvestor.net/posts/2019/10/5/metro-bank-update-october-5th-2019
Plenty on twitter today about Reabold and so on. Interesting times. The dip below 0.2p this week was certainly a great entry point given news flow.
https://contrarianinvestor.net/posts/2019/10/4/reabold-rumours-a-reminder-of-ujo-news-flow-and-fully-funded-for-west-newton-prospect
Metro bank back below 200p as funding costs worry investors but good potential recovery. Less than £2 looks interesting. https://contrarianinvestor.net/posts/2019/10/4/metro-bank-back-below-200p-as-funding-costs-worry-investors
A few things have been said that suggest that something is gong on behind the scenes. What that is is uncertain but BMDs tweet fits . Whether he is correct we’ll see. At .24 still very good potential even if rumours are nonsense !
Hope so. Likely I believe if seller has gone. I bought quite a few at 0.2 yesterday as an excellent price given whats coming in Nov/dec. I wonder if TR1 will be forthcoming and who is seller? https://contrarianinvestor.net/posts/2019/9/20/union-jack-oil-shows-promise
No all me ! Contrarian investor !
Fair play to the SXX PR machine, good piece on BBC One show and impressive images. Awful shame if all that work on the mine was wasted. https://contrarianinvestor.net/posts/2019/10/2/bbc-one-show-october-1-2019-on-sirius-minerals-project
He will only take up the options if they are in the money. The exercise price is 1.13, no point until they are above, SS makes money on the price difference between 1.13p (vesting price) and exercise price. At 1.0-1.1 no point. He can buy cheaper on the open market.
Sirius Minerals share price mounts recovery despite lack of news flow as shorts close.
http://contrarianinvestor.net/posts/2019/10/1/sirius-minerals-share-price-mounts-recovery-despite-lack-of-news-flow
UKOG RNS share options and Employee Benefits explained - A positive sign for the future. The trolls have sown a negative story, actually this is good for the company and shareholders. It aligns shareholder share price growth with management reward. Options are only good if the price goes up from 1.13p. If the shares don't appreciate in value, no gain! The shares have vested immediately (121 million options) and they can exercise them over the next five years. To be clear, if the shares don't rise they won't exercise and they won't make money. Only the difference in share price to the upside is the profit they make, i.e. over 1.13p, the issue price. The 201 million in the incentive plan is only handed out if targets are met and vest over 3 years normally. Read more at https://contrarianinvestor.net/posts/2019/9/30/ukog-rns-share-options-and-employee-benefits-explained-a-positive-sign-for-the-future