Member Info for levistubbs

Thanks 1750.

Agree with Dick I think the best we could hope for is 75:25 split but that's okay. The most important thing is to ensure these licences are farmed, we get a free carry and a bit of cash to avoid further dilution and allow us to get on with the other assets.

Thanks unfortunately or fortunately I am not on twitter.

1750 what was on twitter?

Hi copperpot thanks. Yes another tweet. No I mean an update done the proper way by means of a RNS.

Oh right, good one. Another joker!!

Look again at what?

Sorry Georgy wasn't having a dig. What this is lacking is an update, been too long IMO.

Yep Georgey I see the buys are flooding in :-/

Wolf agree.

Anybody going next Wednesday that can provide some feedback to the site. Thanks in advance.

Neither have I Mike. Isn't it all too familiar, a quick spike in to the 3's and then profit taking all the way back down to sub 2p? It's makes it hard to believe any deal is going to happen.

EvilPlum I think you are being far too kind.
These guys with all their apparent experience should have known more than anyone how long M&A can take yet they led us to believe they would have it all done and dusted by April.
They have totally misread the equity markets not once but twice. They thought they were going to get a great placing away in 2017 and ended up going cap in hand and accepting an awful placing that was devastating to the SP leading it to fall to 1.25p ahead of suspension. They then puffed their chests out in June saying they were going to relist late July with new equity at 50p, yet they did not have this funding in place and there obviously wasn't the appetite for it and as we know the company suddenly thought it was a good idea to shut down contact with shareholders yet earlier on in the year they had proudly stated it was important to them to look after existing shareholders.
They also bet big on a steady and increasing copper price when that commodity has been anything but for many years. As you say they did not have a Plan B in place and not only that they used up most of the money on Plan A working and if it did not we would be in real difficulty. That is a shocking way to attempt to do any take over let alone one as big and cumbersome as this.
So what now. IF the equity markets are stepping up as we are led to believe, then at what price. The company is not in a strong enough position to barter with these guys from a position of strength with the coffers empty. It spells out to me that existing shareholders are probably going to have to eat s--t again.
I understand the staff thing, but what about redundancy payments.

rarseinababylon thanks very much for taking the time to post although forgive me if I don't hold my breath that anything will happen soon. These so called experts have been so arrogant they thought everything was going to fall for them. The equity markets have been challenging lol. I said the same to DeL boy at the start of this process in late February and his reply was to basically laugh it off. Well what a surprise, who knew that those putting the money up would want a pound or two of flesh before betting their money. I will be abandoning ship chose what. Could not trust them not to screw something else up. Complete by April lol may be next April and I doubt it will be anywhere near 50p.

is it too late to start drilling ahead of the festive period?

Not me. I think Colter is just a smallish sideshow for UOG. I am waiting for the Jamaica seismic and the other asset(s) they have been alluding to.
Basically if they do not get a shake on with Wick the Colter window is going to be getting very tight.

Thanks john. Looks like when the oil price was high some of the gains from the weak lire were lost. Hopefully now oil has come off a bit we should see some more benefit.

Thanks for the clarification John.

They have plenty of ore stockpiled for winter weather issues, should there be any. Also we have had quite a softening of fuel prices this quarter which should offset any issues or costs elsewhere.

Excellent work John thank you.

Yes just a waiting game now Wolf. Still no sign of Wick starting so Colter firmly in the new year, February at best. But for me I am more excited by what may come from Jamaica and a new asset than Colter.