Member Info for isdeer

Denia,
Correct they may have to raise again, WN will not be cheap with RBD paying for 62.5% of the project. However it happens RBD will be a long way to proving it up and any fund raises should not be so sever on the sp.

Whats actually wrong and its not the raise at 0.9p, all trading should stop if and when the management decide to do a fund raise, it should stop until its completed in its entirety, the placing should be done at a small discount to the average price of when it was closed in the preceding 5 days, it should also be open to all current holders, who will have first dibs, when that allocation is taken up if should then be offered to everyone else. This large scale drop in sp doesnt help the current holders who get ripped off after years holding a companies shares only for it to sell at a discount to II's and wealthy non holders.

It basically screwed both RBD and UJO as both lost massively because of the leak, UJO went from 0.25 to 0.19p as investors thought it was UJO who were doing the fund raise. It was actually COIL and other insiders dumping their shares in both UJO and RBD to buy into the placing @0.9

Selling at this price is mad, RBD with c62.5% of any profits from WN is massive, its a 10 bagger from here.

The UJO sp is a bit flat, it seems to be waiting on the RBD placing signoff from its shareholders, looks like were joined at the hip. It might remain flat until the 29th or we get an update or some good news, better still a positive rumour normally does the trick.

whatever is hsppening over at RBD and their WN costs moving forward to production doesnt affect UJO, who continue to pay only 1/6th of the project costs, for every 10m spent UJO's contribution is only 1.66m. While RBD will have to spend well over 5m. also add into that the contribution they also need to pay for the 75% ownership of rathlin.

If a well costs circa 3 - 4m, UJO is either paying 25% for all its ongoing drills or has it switched to 16.6% after the initial discovery , does anyone know? Its either 500k - 750k or 750k to 1m. The same applies for Humber oil.
UJO claim to have £2.8m, this is more than enough to cover 2 drills but would leave them short with only c800k spare.

RBD's costs will therefore fall somewhere between 1.5 - 2.25m per well.

Denia, So RBD will go up 20% to a mcap of what c75m after EWT but UJO will be placing at c22m. I have my doubts.

coil for sure, he probably has sticky hands but not from holding shares.

Denia,

Not 100%, COIL for sure and maybe other high net worth individuals have bought in here, I know this because he sold down a large portion of his UJO holding just recently to buy RBD into the placing.
24m is a lot of mulla, these guys are experts they know WN is massive.

Luckyman,

UJO's company value was circa 8 - 10m before we knew council had dropped its case at Wressle and Biscathorpe new interpretation of results were published and as you know also before WN drill and subsequent results were confirmed.
RBD's company value was circa 20m at this time.

We had two companies, one valued at 10m and the other 20m, one with a direct interest and one indirect through Rathlin.
Any way you figure it the company with the smaller value will rise and have a larger % gain. This may change if and when or one or the other or both become mid tier producers.

ST, some people have lots and lots of shares which they cant keep track off, this is a ridiculous way to invest.
This will provide either no profit a little profit or a little loss, given this scenario just stick your cash in the bank.

Wish i could buy more, my last two buys were at 0.25p, my average is a bit lower but ive raided all my piggy banks and consolidated all my cash into one asset UJO. I'm now skint.

mixter,
I will be taking my profit at 0.50p and a penny. Yes i do realise UJO may have to raise, however that profit level would make UJO a 100m company, is that just fantasy figures, we just dont know as there is so much to play for, if the figures bandied around are as suggested, i would expect it could be a reality.

Agree gbk47, I think we have already seen unbiased backing of WN, better than any paid Broker report, the II's have already added £24m, that speaks for itself.

The only issue we had here was being tied to RBD with their placing, both a positive and a negative as UJO's sp has been taken down on the back of fund raise.

However although not confirmed we still have a massive vote of confidence supplied to the WN project by those people better informed than ordinary PI's, they have read and digested all the WN info to date and they along with other high net value individuals look fully committed to its delivery. I'm sticking around for sure, the futures bright the futures WN.

Massive 24m votes of confidence in WN.

Some II's may have missed out or want more, who's to say the price wont rise tomorrow. All that extra cash, all that extra security, all that extra belief in the future value of the share, all provided by a massive show of confidence in WN.

I wonder how many phone calls Fraser Lang has received and does he have the cash to play this out.
Surely its an option for UJO to do a RBD/Rathlin type deal.

My only worry for UJO is a hostile takeover before WN is fully explored and proved up.
The whole company is valued at 24m which includes Biscathorpe and Wressle thrown in for free.