RE: Will today be the last buying op?3 Mar 2023 10:02
Greg look forward to seeing your Β£12,000 trade showing up.
I think a lot of people here think uog has lots a cash but that's not the case in fact it just the opposite, if they do proper research they might understand that.
They do expect to receive an initial Β£2.45 m by middle/end April from the divestment of Maria from Quattro if all goes well, but they received $4.8m last year from divestments and only had a cash balance of $1.4m at end of year!
They are also awaiting the Ash 8 well test results and providing they are good will it will in reality possibly only replenish the decline in production and if not so good, hmmm.
As far as M&A goes I don't think it's not just a case of being careful but more like needing funds to make a deal, imo.
And as for share buybacks not going to happen imo, where would the money come for that?