Member Info for mbingo

Reckon this is a good time to buy. 12.8 being paid a few weeks back. I bought 4.5m earlier at 9.1p, yet to show, taking my share to 15m which I'm very happy with. £5m market cap at this price.

Brent continuing its rise from yesterday. Timing is great news for Urals!

Why such a low volume here? Brent continues its rise at a fantastic time for Urals. Articneft tanker being loaded with 158,000 barrels. Tax paid in advance. Price to Urals to be average for 5 days after the tanker loaded. October tanker was a big success for Urals , with net debt being reduced from US$12m to US$3.8m. This tanker is looking like it will have a similar impact. This company is producing 2000 BOPD and has a market cap of £12.5m - madness!!!

I just feel that they need to get their message across better. Interview with the CEO / twitter feed / modern media etc so investors can see the whites of their eyes / see them answer some of the challenging questions before investing. I totally agree re takeachance's comments on value. Tanker loading on 3 July - will that have an impact on volume?

Brent continues to soar. Price paid for their oil being exported in early July is 1-2$ above Brent. Price paid is averaged out over 5 days after the tanker has been loaded. All increases their netback. Export taxes should have been paid already at lower oil price. 158,000 barrels makes this tanker potentially very lucrative at this price.

Share price is super cheap, whichever way you look at it - in my view.

Oil in a good place. Results due here tomorrow. Couple of chunky buys earlier. Tanker loading 1st week July for over 150,000 barrels. Results of drill next month and workovers. Repeating myself ... but crazy valuation here!

Frankly, the placing is negligible - such a small amount that it gives plenty of confidence that they will be generating sufficient cash going forward. It's a good story and has plenty of upside from here.

Volume already 300m for the day. New shares of 238m - so already covered.

Net proceeds to Urals from 2nd Articneft tanker 2017 (189k barrels) were USD 8.5m. There are two tankers scheduled for this year for 158k barrels each. Oil price is much higher, so unless it drops (which I don't think will happen), net proceeds to Urals from this alone USD15m conservatively. This current market cap!

This will re-rate in my view - a buy and hold. Massive opportunity. Largest copper mine in Europe during an electric car revolution. Assets in Zimbabwe all of a sudden hold value. No downside at this price IMO. Plenty of volume here shows retail interest.

Some biggish buys in there - disguised as sells obviously. Bit of volume returning. Tight float = volatile. Fundamentally undervalued IMO.

Looks primed to go on a little run here. Such tight float that it doesn't take a lot for this to shift. Any volume will do it!

Exactly. Fair value has to be at least double where we are today, even before consideration of Dagi drill/ development project JVs in Komi & Articneft.

Much better tone to this RNS - sure that there are plenty that have no idea of the Dagi drill. Doesn't seem to get any traction on twitter!

Enjoyed that RNS: Very positive (and unexpected) workover at well 7 - 225 BOPD!! Plan for over 1000 BOPD from South Dagi with first well by end July. News rich period here with the end July tanker being brought forward to the beginning July. Financials due by month end. JV options being considered for their massive reserves. £13m market cap a nonesense!!

Great CEO interview yesterday. Personally think this is a great entry price for investors that are prepared to hold for more than a minute!

Very excited about this company's prospects. A happy shareholder. Silly price action in last few days. So much potential here. A bit of a reversal on earlier drop today.

Surely now is a great time to invest. Why? A) Impact of the July tanker will be additional US$8-10m to UEN depending on final price achieved based on 5 days post loading. Post CPR, they want partners to help them take advantage of their eye watering reserves. Oil price making this a great time. 2nd Articneft tanker in October with further 150,000 barrels plus. Drill at South Dagi Workover results due

Short-sighted selling today on decent news. I believe that this will re-rate once people understand the implications. The presentations next week should help with this. Then, there is the biggie: SFX-09. At 20m market cap, got to be a takeover target. Full Phase II results prior to year end for both.