Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Crazy how many investors do so little research and are so quick to dismiss others concerns on subjects they haven't researched.
Listen to the webcast and come back with a reasonable response and we can engage in an adult debate.
To answer your question on whether I would invest again in uog, of course I would if my concerns were addressed, one of the biggest is that I believe egypt is not providing enough to cover all costs and until it does it will drain the cash balance imo.
That's not quite true either.
If uog are aware of price sensitive information they are legally bound to disclose it regardless of what the operator says.
Maybe you could share your discussion with shareholder relations.
Peter Dunne stated in a webcast that and I'm not quoting him but basically he inferred that the cash balance at end of June of $3.8m was down to the money received from egypt.
I disagree with him and if you read my previous posts on the subject I have clearly stated why.
Can I ask if you agree with his statement and if you do can you give an explanation as to why you do and similarly if you don't agree explain why.
Often email companies before investing it's called dyor, makes a lot of sense to me and not ridiculous at all and makes more sense than just blindly investing in a company.
Have you never emailed a company as part of your research.
And for clarity I never said I didn't believe their published accounts maybe read my post again.
Greg,
I think BL should be aware when testing has been completed at least the following day.
As CEO of uog it's his job is to know and his job to inform shareholders like yourself and others on here the result of Ash 4.
I cannot believe he isn't in contact with the operator on a daily basis at this stage of Ash 4.
But for my research could you provide a link to where I might find any past releases from the operator.
Fish,
Thanks for your reply to Greg's insulting post directed in my direction.
I understand that some investors cannot accept that others might have a different opinion and disagree with them but his posts are sometimes just shameless ramping which does no one any good especially for some people that are maybe new to investing as we all were at one time.
Also I've bought, sold uog for many years long before most on this bb and until recently still had shares but I've lost faith in the transparency of the company especially their interpretation of how they arrived at the cash balance at the end of June and their refusal to publish Q3 production figures.
I will continue to post on here as is my right as it is Greg's and anyone else for that matter and will give an honest opinion good or bad.
I've have also email uog and asked a few questions, no reply yet, but I've asked things that are relevant to my current position.
Do you even know what good rates would need to be?
For instance
Uog produced in 2021, average production of 2327 boepd
Then in Jan aj 13 came in with 132 boepd
Then in March asd 2 came in with 462 bopd
Now I'll let you do the sums and figure out why current production is in my estimate, which for clarity is based on figures in the H1 report and not from an official 'rns', is about 1260 boepd.
But you wont will you or if you do you won't comment.
So yes I'll give an honest opinion based on facts on the results from Ash 4 good or bad.
Really beginning to think that you've got a few screws loose.
My post are based on facts and are open to discussion and there for anyone to challenge with their own reasoned thoughts but yours are just absolute chaotic nonsense without any thought and with the sole and only intention to get others to buy uog shares so you can benefit.
Greg is the exact same and I was surprised to see him posting on another website over many bb's with very 'foul' language telling people to sell their shares in other companies and buy uog, he got a few unpleasant replies, not surpringsly.
Now everyone can and hopefully does a lot more research than read posts on this bb if they want to buy, sell or hold uog shares.
If they buy , sell based on this bb then that's up to them, their choice.
But I'm not giving advice but just an opinion whereas you are trying your hardest to encourage people to buy.
I've often seen rampers like you post nonsense and mis information that has proved very costly to others that haven't done enough research and just believed what they read
OK so you reckon the Operator hasn't told uog what their production was in Q3, don't be so naive.
They know Q3 productionr rates but haven't released them but you don't want to discuss that do you.
Also do you reckon uog haven’t bothered to ask the operator how AJ -14 hasn't produced any oil yet after nearly 3 months, really, reckon they should have.
What's happening.
No rns yet.
Reading thru last few rns's
On 15th Sept they said ash-4 had commenced drilling but on 28th Oct they stated ash-4 had spudded on 10th Sept, 5 days delay in rns.
Also on 28th Oct they stated ash-4 had reached Measured Depth on 24 th Oct,not TD as per usual, again 4 days later and why bother with MD they don't usually.
Also Aj -14, 3 months since completion and now total silence
As for Q3 update looks like they are back tracking on their promise to update quarterly.
So what's happening BL.
No it won't absolute nonsense and you know it so why say it
For goodness sake are you incapable of telling the truth.
If anybody cares to read the H1 report, an understand it which isn't that difficult, uog actually would have made a loss of in H1 if it wasn't for the money received from divestments and you know it because I've explained it to you before.
So no, cash is not building because they are not producing enough to cover capex and opex costs.
Fd you make me laugh, do you think I make public every trade I do.
Ist invested in uog a long time ago and have bought and sold on numerous occasions.
But never tried to mislead others like you seem intent on doing.
Boy you guys must be glued to your screens.
Expected insults from fd as usual.
Greg try being honest with your posts, it would give you more credibility and don't stoop as low as your pal.
Also where have you been these past few months only one or two post but now can't seem to stop.
And by the way I hope that Ash 4 has a good result for genuine holders and it won't make me jealous one bit but just be honest not to much to ask is it.
Greg when you copy and paste you really should include the full statement about Ash 3 and not cherry pick certain parts of the rns.
Shameless the way you and your new found buddy are spreading mis leading information for your own personal gain with complete disregard to other investors who should be aware that the info you are posting is not always the full story.
People should be aware of rampers, double check their posts, most importantly dyor and good luck.
Not going to ignore you anymore.
Insult came as predicted.
I am not the one lying.
What did bod say when you asked why they did not include the Q3 update in today's rns as I presume that you had the intelligence to ask, but you never did you.
Everything I posted about production, cash dwindling etc is true and you don't like it but its the truth.
You on the other hand just post insults and nonsense, obviously cant think for yourself and has done no research but bought in hoping for a quick return, post drivel to try and pump the share.
Seen your type many times over the years and always ends up the same way.