Member Info for mcadder

Talking about rubbish on this bb this post from Beforegolf is worth sharing again amongst some of the drivel here.....

Beforegolf Posts: 1,237
Price: 27.18 No Opinion

RE: just for you lotToday 20:21
"someone in the guild has had contact with the company. It's their notes and not verbatim

Company feedback

Sprinter: On the positive side the 30% to 40% reduction in mortality is an excellent signal and on it's own, in the early stages of COVID would have been amongst the best results available. In the phase 2, I suspect there were no patients who were vaxed, on Remdisivir nor steroids. however in the phase 3, with 90% on steroid and probably 25%/30% vaxed (given when the trial ran) and a number on Remdisivir.

However, they have not yet done the data digging to see what effect excluding these groups would have made. Should be done in a few weeks.

Activ -2. They haven't as yet seen the data but are chasing it hard. NIH 'warp speed' (and Barda) are going through some changes, including confirming a new comparator, however they did see enough positive signal to put it into the phase 3. Hopes to know in a few weeks but not in their hands, so could be longer. This would end up being our key 'early' use trial.

Platform trials - Tom and Sir Stephen are well connected at the top of COVID research so they are leading, over the next few weeks, in talking with the platform trials (including Recovery, Activ-3 and Remapcap amongst others). They hope to zoom in on Mortality, but by nature these will need to be much bigger trials (1-2000) which in reality only the platform trials can deliver. Still 1000 a week dying and if they could save 30%/40% it would be significant. If they do get the go ahead, I suspect it will be somewhere between 4 - 8 weeks to get the drug etc into the right places for the trial to start.

Funding: Activ-2 and the other platform trials are all Govt funded, so they have no intention or need to raise funds. He also confirmed they have enough drug, placebo, nebulisers etc manufactured to easily cover any platform trial.

On a general note, again stressed the depth and quality of the safety data.It has taken a few hours of discussion with this souce to agree a release to the manic crowd of LSE. I do not care one iota what you do with it or think, but I hope it helps some possibly depressed people see the light at the end of the tunnel"

Recommend (52)

Beforegolf - great update and info, many thanks

"Thus Island Magee is touted for sale (luckily at a high point of the oil/gas price) and this is why the finals are delayed."

Sorry how would they be able to sell Islandmagee even as a project if there is potentially a JR hanging over it? No chance till that is out the way.

Definitely didn't warrant such a huge drop today!

Company has £25M cash balance right now, almost half current Mcap.

60p+ close today

"what are they panicking about for you to say they are panic sellers?"

Well when there's nothing fundamentally at all wrong with the company and people sell in the manner they did this morning then it's accurate to describe them as panic seller's unless you know differently RoftheP

Yeah noticed that - they drop it on sells first thing because some don't have the stomach to be investing but yet make it almost impossible to buy anything in volume haha

"committed to purchase approximately 7% of his net monthly salary in Ordinary Shares each month for 12 months"

It's the thought that counts :))))))))

At least he paid a higher price this time. He's committed himself to buying through the DDSPP so we need to get the price back to 11p before his last purchase in Nov as he'll have to buy them at that price to honour his commitment lol.
At that price he'd get approx 9,090 shares!

"Mr Sanderson entered the DDSPP in December 2021 and has committed to purchase approximately 7% of his net monthly salary in Ordinary Shares each month for 12 months with the final purchase expected to occur on 18th November 2022."

"The director has entered the DDSPP in an open period and is committed to making the monthly purchase of shares under the programme in what otherwise may be a closed period. Entering the DDSPP will not preclude the director from buying additional shares in the Company during open periods. The director will be able to enter a new DDSPP upon completion of an existing programme."

At least it ain't a placing like many were convinced would land mon after the decent rise on Fri...

"true value is somewhere in the pennies after the transformational court ruling"

jones richard so when you say in the pennies, let's say for arguments sake 3p, you are confirming that the court ruling should put us at an Mcap of £486M??!!!
I'm all for seeing the positives here but this just confirms why people call you out on each and every share you've hopped from as a deluded ramper to the extreme. Not helpful at all and no way is the court ruling going to add £464M to the Mcap. I suggest you at least keep it real.
2017 - 3.4Bn shares
2022 - 16.2Bn shares.Best case scenario 1p in time

It's probably worth putting into context a few numbers here as quite frankly talk of this back to 10/11p given the number of shares now in circulation is utterly unrealistic.

Let's look back to the period of June - August 2017 when UKOG had that huge rise.....

SP went from around 1p June - August to very briefly 11p although it was only at 10.5-11p for literally minutes before MM's took control and reigned it back to 9-9.5p. I should know as I was shopping at the Range in Darlington when it happened and got told off by the missus for being glued to my phone while watching it all happen!
Anyway my point is that the total number of shares in issue at the time was 3.4Bn, and remember this was around the time when there was the hype about SS having seen, smelt and touched the oil from Kimmeridge and that there was the potential for the accumulation to spread over a 30km area of what we know is the weald basin etc etc.
So if we take the more realistic peak of 9.5p with 3.4Bn shares the Mcap reached a high of £320M !!
Fast forward to the present day let's take the current closing SP of 0.1384p (wow when you see it compared to 9p it's really rather depressing!) and take the current shares in issue of 16.2Bn which as we all know gives us a current Mcap of £22.4M.

Ok so we all know what ukog have asset wise including Basur-3 prospect in Turkey - let's be realistic and assume that ukog one day return to half the Mcap of it's peak then that would imply a SP of - 0.98p or as near as damn it 1p.
This is based on the sheer number of shares in issue but certainly a more realistic prospect and certainly excellent upside for this level IF they deliver...

And signs off with "I hope you have a pleasant evening" lol.

We can all see right through ya Jigger. Good luck with your buy in price back in here ;)))

Jigger we are pretty familiar with the links you have posted. Without the commercial deals announced I would have agreed that a near term raise to keep the light's on was looking a distinct possibility and perhaps the rest of the market was hence the drop from the 11p IPO to the low of 2.2p a few weeks back.
However it's clear now that several big backers have had confidence in CIZ1B all along and just on the Chinese deal the huge 10% Royalty will have been month's in the making so it's no accident this has happened. One of the big backers is Robert Bosch GmbH. Alan Syms himself hinted in the first interview that they are all wanting to put huge sums of money into this.
Conduit is another example of their confidence that they were happy to accept shares at a premium of 4p instead of making Mr Syms raise the amount required and pay them in money through an equity raise instead which could have easily been at around 2.2-2.3p being a discount to the SP at the time.
You seem very fixated on there being a raise for some reason, whether that's from genuine curiosity or trying to put fear into some on here by repeatedly mentioning it I really don't know BUT, what I do know is that a raise is looking less and less likely now in the traditional sense of placing at the usual discount to the SP.
Could you imagine them placing right after Conduit taking shares at 4p? Placing at a discount only usually happens when a company is backed into a corner for finance when there are no other options on the table.
It looks like Cizzle have no shortage in companies wanting to get behind this so I think we'll be alright here. As for you suggesting no revenue till 2023 I don't agree there either, as early as late Q2 2022 by my reckoning. And given CIZ1B is probably the only product ready to enter that market right now with it having been years in the making that's a huge huge market it is about to tap into.

Some suggested that Basur-3 wouldn't be getting drilled anytime soon because there was 10ft of snow on the ground. A quick weather check there shows the average day temp of 13C and night temp of 7C for the week ahead. Some real idiots on this bb who just want to see ukog go under probably because they've been seriously burned in the past.
Expect seismics to land anyday now as they said during Q1 2022 and we are nearly at the end of Feb. Then drilling to commence straight away....

"Drilling can then commence directly after the processed data has been received and interpreted."

Never say never to another placing at some point in the future but sounds like they are funded for the short to medium term.....

"Sufficient funds remain available to deliver the planned sidetrack and seismic programme."

https://www.thetimes.co.uk/article/putin-sabre-rattling-causes-a-seismic-shift-in-views-on-north-sea-energy-mt0jxtnfv

"Ukraine crisis ‘shows need’ to rely on home-produced energy but green lobby and trade group disagree over how to achieve aim."
By Mark Macaskill and Michael Glackin
Sunday February 20 2022, 12.01am, The Sunday Times
"Vladimir Putin is emerging as an unlikely saviour of UK oil and gas as tension between Russia and Ukraine heightens worries over fuel imports and leads to further calls for ministers to encourage drilling in the North Sea.

"Russia is the largest provider of diesel to the UK — about 3.6 million tonnes were imported in 2020 — but Putin, the Russian president, is likely to cut off supplies in retaliation for the tough sanctions threatened by Boris Johnson if Ukraine is invaded. Diesel is essential for motor vehicles, trains, construction and the military."

Could really put the spotlight on the importance of producing our own domestic oil on and offshore in the UK.

I wouldn't let go of any shares in this for sometime that's for sure....

Jigger - the clue is in the date?

It's from Sept 2021 and hasn't been updated yet that's all.

But since then we've had 2 groundbreaking deals announced which the company admitted would bring in "near term revenue" so the 2 latest deals are evidence in itself that a raise is unlikely, unless it was to expand the business further and enhance shareholder value even more - NOT to just keep the lights on like you're probably thinking.
The fact that Conduit were happy to accept shares at a premium of 4p tells you that this is likely to re-rate significantly in the short term.

Should see a bit of positive press coverage of ukog over the weekend now the 2yr legal battle is finally over and resolved in our favour

Well we all certainly agree with your potential mcap figure of £80M+ Earl which is precisely why many of us have already been in this one for a while but don't tell too many people about this one lol ;)))

Poor Sarah Finch now has a £10k legal bill to pay for their failed legal challenge which has finally exhausted all legal avenues.
A simple case of "not in my back yard" and she whinges about the carbon footprint ??
What about the HUGE carbon footprint of having to explore for, drill and transport oil and gas from other parts of the world partly because certain influential environmentalists would rather we just don't drill for anymore O&G here?!
News flash demand for the stuff no matter how many electric cars are on the road will still be strong for decades to come!

"Turkey is snowed in. No chance until minimum April."

Sparrow - it wouldn't matter how much snow is on the ground there considering they are just waiting for receipt and interpretation of fast-track seismic processing results which could come any day, the results of which could prove very interesting.