The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
To me it’s obvious that the usual gang of crooks are playing Ujo to their own means.... you have Chris the money man, Steff the innocent PR girl, BMD the mouth, CJ Mr nice guy and Gravy the....erm....well erm...hanger on:-0
Share price is getting pumped and dumped on repeat.... keeping the mcap well clear of a value that would interest institutional investment....
We will hopefully have another 5 ml on that mcap by Monday....
The sooner UJO get up to nearer 50ml mcap the better....until then we are at the p&d mercy ...
In regards to not enough energy ...
The pressure is not high enough to push the oil anymore than 700m up the well bore...
To fill a bore 700m vertically is no mean feat .....
Pressures on shore are typically a lot lower than off shore...
Let the pump do the work ....100-200 bopd would be a great result, as a horizontal is generally 8-10x greater
All good...
I’ve been watching and dipping in and out of this for a year now....
Risk reward is to one sided to be ignored now...
Easy 5 bagger before things really get moving ....
I’m happy to sit back and wait ...
Bottom was in ages ago ...
Hopefully now Coil has sold down ( and nearly out) company and operational conversation will return .....
I used to love the LSE UJO and RBD boards but since CW has been invested in WN it’s been bloody awful.....
Fresh start this week....
Onwards and upwards ...
Who knows who’s selling... but if I’ve learnt one thing, it’s if Chris says he’s buying he probably isn’t....and vice Versa....
No disrespect to Chris, he’s entitled to trade as he wishes but I’ve learnt not to take anything he says literally .....
It’s not really cricket to keep promoting something while selling .... I’d imagine it’s actually illegal if proved it’s for monitory gain...
Chris will say he’s buying when selling....it’s what he does... he only did it last week ...2 days before tr1...
No surprises to those that know his history ( and there’s plenty off it!)
West Newton is about to dwarf Chris... his claims to being the biggest holder will be over shadowed by much bigger fish once the II’s start buying in ...
...so he’ll move into one of the other smaller caps him and his colleges are subtly promoting ....my guess is it will be Solo, Aminex or IMC ...
But in the mean time lth’s will sit tight for the inevitable Re-rate....
Good times for UJO and all invested are here ....abate a few hiccups along the way :-) GLA
can someone remind me what it was.....???
its been a while ;-0
UJO,s last placing was supposed to be ear marked for further 3D seismic over the license plus funds for the oil flow testing....not sure wether the Spring Hills Siesmic is still taken place, as I’d have thought we’d have to chip in....
The 3D has not been mentioned since..... I’d imagine the funds may go towards WNB drilling...
Does anyone have a rough idea of cost for WNB?........it’s just a field at present so lots of work to do.....no road nesessery as it’s alongside the public highway .....