The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
UJO SP drifting lower and lower day by day as the pace of promised developments at Wressle, Kedington and Biscarthorpe, as dictated by HEYCO operations team, gets slower and slower and slower. Any slower development pace and HEYCO will be able to buy UJO for 25p per share and shareholders will only be too keen to jump ship and sell ! HEYCO have UJO by the balls and there's little way out without taking a heavy financial hit. WN is the only show in town for UJO now?
I am sure that DB and his inner team are heavily in negotiations with HEYCO at the present time but cannot agree on price. I suspect the offer is around 30p which many shareholders would be willing, but perhaps reluctant at present, to accept. A few more delays in drilling at Wressle, Ked and Bisc may be needed this year to make the shareholders see sense and accept such a generous offer. Similarly with EOG at around 2p per share later this year when Ireland and Africa turns pear-shaped big style. HEYCO are playing the long game exceptionally well? Full asset ownership of the golden egg, Wressle, for an exceptionally bargain basement price. Worth waiting for in the eyes of HEYCO.
It should be obvious to all EOG and UJO shareholders now that the share price of both companies is being manipulated by HEYCO. The control of the Wressle flow rates and speed of the development at the site is all under the management of HEYCO. The complete lack of development urgency at Ked and Bis and Wressle is all down to HEYCO driving the work so it happens at a snails pace, thus causing sp's of UJO and EOG to sink and become easy pickings for HEYCO to buy at a bargain price. HEYCO are playing a blinder by the indirect manipulation of the AIM registered companies performances, it now has firmly by the balls. Credit to HEYCO where it is due and when will the shareholders learn they, and the EOG and UJO Management, are in a no win situation ??
Heyco still having success in driving the SP's of UJO and EOG down before the cherry picking starts! All quiet on the western front? Dave cannot see the wood for the trees. Sinking fast I'm sorry to say. He still thinks the future is bright!
About time the directors got some skin in the game. Still very, very small amount of shares to convince anyone of true and honest financial commitment by any of the top directors. Need to buy a significant amount more to show true and real commitment to EOG
Why isn't DB busy buying the UJO shares at the current share price? If he thought they were worth buying at 28p a few months ago surely he ought to be out their stuffing more into the UJO account ready for cancellation?? Come on Dave wake up and smell the coffee!! The future's bright?? Or is it ? The future may be HEYCO?
Negotiations to sell to HEYCO are taking longer than expected. HEYCO want to delay an announcement (as they are the only company that know what the real flowrates are) to drag share prices of their partners at Wressle as low as they can. That is the true reason for the delay in the release of the latest production figures from HEYCO to their partners. Nothing more!!
The big problem with the present management is that they could not care less about the shareholders and the sp and are only interested in clinging onto their highly paid jobs for as long as is possible and doing the bare minimum. They need to be chasing HEYCO and Reabold every day and formally reporting back to shareholders on at least a weekly basis on HEYCO progress until steady flows are obtained again at Wressle. What do we get from them ; NOTHING. ABSOLUTELY NOTHING AT ALL FOR WEEKS AND WEEKS!!
Lots of leaks over the last two days from Beacon to certain shareholders. Wonder Dozy Dave didn't know before today? No doubt Dave and Will are still in negotiations with HEYCO on selling their Wressle share at a rock bottom price probably due to the latest ongoing manipulation of flow test results by HEYCO for the CPR? Easy money if your in the right position to do it?
My profile has nothing to do with it. It is the stock Market manipulation that is going on in plain sight of reguators and what could be interpreted as serious abuse of position and influence by an outside organisation.
It is now obvious that the report delays are deliberate and being used by HEYCO to drag the sp down as far as is possible to enable them to take over UJO and Europa at the lowest possible price. Manipulation or what !! Cannot go on like this surely.
It is now obvious that the report delays are deliberate and being used by HEYCO to drag the sp down as far as is possible to enable them to take over UJO and Europa at the lowest possible price. Manipulation or what !! Cannot go on like this surely.
Wouldn't be the first time they had tried. Best to bring these things out into the open and be honest. HEYCO's operational activities and decisions are now indirectly having a massive effect in controlling the sp of at least 2 AIM companies. Making these companies ripe for a cheap buy out and robbing the long term investors of obtaining their true value. Could be seen as Fraudulent in some investor's eyes??
Egdon (HEYCO) as operators of UJO sites could be now held guilty of deliberately delaying, disrupting and downplaying projects (Wressle just one example) and operational activities on their sites, to severely depress the sp of UJO, so they become a very cheap and vulnerable takeover target for HEYCO. Maybe held to be pure indirect market manipulation as UJO have absolutely no control over operations on site, and the associated costs of Egdon, thus the performance of their own company !! Can HEYCO legally get away with this type of indirect market manipulation of sp and buy UJO and possibly EOG at bargain prices?? HEYCO are in a win win position with being in control of the operations at UJO partnered sites. HEYCO logic!!