Member Info for itsawrap

well that's interesting, CJ complaining about my straw poll on twitter (for no good reason) and now the Q3 and Q4 posts have been removed

thumbs up if you think there will be NO placings in 2021

thumbs up if you think there will be a placing in Q2

let's hope the consolidation is the springboard for a great summer starting with good news on Wressle and then WN & Bisc, hopefully the current sp will be a distant memory in 6 months and we'll all swigging Bollinger by the case... happy days ahead!

my prediction is heid will post again today :)

Micky, haven't you heard, it's always jam tomorrow! of course to make jam you have to plant an orchard of PEDL trees, wait for the PEDL trees to grow (or buy more), harvest the fruit and then monetise it. Meanwhile, once a year, you show investors around the orchard promising a huge harvest in return for suitcases full of cash. Apparently one of the PEDL trees is "free flowing" fruit but no-one will tell us if it's gushing fruit or just dribbling, we are only investors so we dont really matter to the farmer. The farmer is very well paid, he knows he will never be poor as long as he keeps promising jam tomorrow...hopefully the sun's about to come out so the farmer can collect a bumper harvest...but that's tomorrow, or the day after that, or the day after that,.....

I dont agree that the market doesnt rate ujo, what it isnt doing is over rating ujo. the company appears to have a portfolio of very good assets but investors want to see results from Wressle and WN, not just endless promises of good times ahead.
An mcap of £30m with £5m or £6m cash and precious little revenue is fair market value imho, we may not see the sp re-rate until DB significantly increases oil revenue or there's a sniff of a sale of WN.

£7m raised at .16, I wonder if any of those big investors are on the phone to DB asking wtf Dave???

thanks AJW. your answer is very interesting because that suggests everyone (including me) who is calculating max. revenue based on 500bpb should be using a max. of 478 bpd, not a huge difference but often the devil is in the detail.

Hello Heid, it's my recollection that the council has restricted Wressle to 2 tankers per day, these tankers carry between 180 to 220 barrels each according to various posts on here and advn, if these numbers are correct how does that reconcile with 500 bopd? any thoughts?

So are you saying a letter of complaint from the Chairman of a PLC will result in no action and/or ignored by the FCA?
perhaps you are right, but he will never know unless he writes to them (which is exactly what he suggested shareholders should do in the interview to Proactive)

"and as DB says, what am I supposed to do??"

he should do what he has told the shareholders to do - WRITE A LETTER OF COMPLAINT TO THE FCA

Dave, are you listening?

fishfaced, if Heid is being paid to ramp this stock, ujo should ask for their money back!

hi chrishutch, I hope you are right, I hope this is the bottom but I suspect it has a little further to drop, maybe .14/.15 before it starts climbing. the question many people are asking is why the sp is so low, my theory? DB talks a great game but has yet to deliver ANY meaningful revenue, plus no news on Wressle leaves many investors wondering what's going on. Also, I feel there is a trust issue with many of DB's very bullish statements plus of course the elephant in the room, the placings. He has said there is nothing he can do about the leaks, he says investors should write to the FCA but hasnt done so himself, why not? twice he has said no placing, twice a placing happened shortly after. When he starts delivering, the sp will soar but until then most investors will be remain cautious.

are people not concerned that yet again our newsflow comes from twitter and not one of the JV companies ???

very encouraging, this company will do very well in the next few years

when Proactive asked DB about the market manipulation, he said he was "bloody angry" and investors should write to the FCA, he also said there was nothing he could do about. How about writing to the FCA David???

great company, lots of cash, extraordinary portfolio of products, great future, strong support expected in low 600's imho, nothing here to worry about

RNS 19.02.21
"...as the high number of shares in issue combined with the relatively low price per share is thought to result in excess volatility, REDUCED LIQUIDITY and a widening in the market bid and ask"

Proactive interview 30.11.20
David Bramhill "OUR LIQUIDITY IS ABSOLUTELY EXCELLENT"

eog's share is 150 barrels per day at the upper flow rate, currently in a technical phase to achieve that