RE: In David Bramhill we Trust19 Sep 2021 22:11
How do we know what the placing money is being used for ?
'to upgrade certain producing assets to enhance cashflow '
What if this is for Wressle to increase production ?!
What if we are taking a bigger cut of Wressle from Egdon ?!
This would be fantastic news...or something else ?!
Royalties:
Owned by majors and major banks. They are like owning an oil well with no extra costs. They are an investment in UK oil sector and part of a north sea scenario without running costs. Cashflow from another royalty would be material on top of the Wressle income.
David's ambition is for Union Jack to be a mid tier company, not overnight but the asset value is going up annually.