Member Info for mugwump083

Presumably it seems obvious there is plenty of oil that CAN be got out of the ground in the Weald by means of FRACKING !! And it is only a matter of time (waiting a bit) for the anti fracking lobby to disappear up their own backsides as fracking is not nearly as harmful as those idiots spout. They are just mentally ******ed swampies really. So even IF there are problems getting the oil out using the existing methods, things will change at some point as nobody is just going to leave the oil alone when it can actually be extracted using fracking and it is such a valuable resource. UKOG have found lots of oil and it is certainly possible to extract it using fracking. That may mean a delay if the oil cannot be extracted using conventional methods, but extracted it certainly will be. So this low share price seems a complete mis-representation of the potential future value of UKOG.

How do I add me & my 62000 shares to this shareholder group ?

Can anyone provide information on what TSX or NYSE boards there might be available for Sandstorm chat ?

Presumably the whole idea of this deal is that Sandstorm finance Lydya capex to build the mine & get first gold pour asap in return for the Sandstorm usual gold stream from Lydya. And as that would also include the Sandstorm ownership of the Marl 30% of total reserves this would be an enormous annual gold stream income for Sandstorm. So, the question is, how much will Sandstorm shares go up when this happens and how much will the Marl shareholders be rewarded ultimately with the signifigantly ijncreased Sandstorm share price for the shares they were forced to exchange for Sandstorm ones ? Any ideas anyone ?

ludeck You are absolutely right my maths does need a detailed look at to get absolutely right. It is vague and that is why I used words like 'worth about" because I did not have the time to find all the precise figures and do precise calcultations. In particular I was bothered by the 3.43 oz gold MARL ownership as I was unsure whether that was the total resource owned by Marl & Lydia and which would therefore have to be reduced to only the 30% which Marl owns and then also the Sandstorm gold stream deducted as well. I want to mention this because it illustrates the obfuscation process in action. My tiny little brain sees the 3.43 oz mentioned all over the place in a way that looks as though it is MARL owned (like the Sandstorm investor presentation in particular) and my brain registers that as MARL ownership without taking into account Lydia's share. BUT, none of this really much matters as the basic message is the offer is obviously grossly undervalued and even reducing my vague share value figures to one third still puts a minimum share value of about £5 on MARL. And I did take CAPEX into account by a) being vague and b) rounding figures down hugely and c) totally ignoring value of other MARL assets and taking into account how my management of the venture if I owned it fully would easily produce the profit figures I mentioned after CAPEX expenditure to get the mine up & running. So there !

Just to cut through all this dross about the proposed Sandstorm merger/takeover. The takeover makes a profit of about less than 100% for shares bought relatively recently (roughly the past six months) if MARL is sold to Sandstorm. But MARL has about 3.43 millon ounces gold worth about £600 per oz after mining costs to get it out of the ground. That adds up to about £2000 million or two billion pounds gross profit after mining costs. Over the period of about ten years taken to recover those 3.43 oz, that means about £200 million gross profit per year. With 130.01 milllion shares currently in issue that means the annual gross profit of £200 million divided by the 130.01 million shares equals an annual gross dividend potential of £1.538 per share per year for each of those ten years. So each share would be earning £15.38p in gross dividends over that time. I have absolutely no idea what the P/E ratio will be as I cannot see into the future, but it looks as though it couldn’t possibly be less than 10 which would value each share at about £15, once the mine was up and running and producing that £200 million annual profit. But the P/E ratio might be as high as 20 which means each share being worth £30; take your pick. Either way, it puts into perspective the Sandstorm offer. People buy things because they think they will make a profit. That is why Sandstorm wants to buy MARL. They want to make a whopping profit and think that all the obfustication will blind people from being able to see the real value of MARL and pursuade them to sell MARL to Sandstorm. Sandstorm would not want to buy MARL if they were not going to profit (hugely) from it. Sandstorm’s gain is MARL’s loss. MARL Shareholders will lose their profit to Sandstorm. Simple, to understand really. And this rough calculation completely excludes all the other MARL assets and potential discoveries to come. Against the relatively weak political risks of the mine being in Turkey, I’d say the Sandstorm offer is a bad joke.

Oh Dear !

Exactly what major World recession would this be ? Someone must be keeping it a big secret as the only really seriously large/nasty World recessions I am aware of in the past are the 1930's financial depression of the early 20th century caused by politicians utter ignorance of economics and the Second World War, equally caused by various ignorant politicians. I don't see anything like this at the moment, although it could of course happen in an instant because politicians are still a dangerous, ignorant and stupidly behaving group of people who seem to have a natural propensity to cause poverty, violence, war, destruction and death on an epic scale.

I am not allowed to use the word ******ed - r e t a r d e d. How stupid is that ?

slowbutsure It is true there are funding & political uncertainties; and you are right about having control over things, but many investments come without complete control & are calculated risks. But funding uncertainties & control issues were always there from the begining of Marl taking a 30% share with Lydia. The only signifigant thing that has changed in this context is Idiot Erdogan turning himself into a Dictator. He ultimately may or may not start World War Three as a result, but the chances are he will soon vanish. In fact it is ultimately a certainty as all dictators generally meet a sticky end eventually. In this modern world extreme dictators are likely to survive for a shorter period than previously and it is quite likely that political events in Turkey will rapidly reach a head of steam whereby he is deposed. The more idiotic & extreme he is the more rapidly he is likely to disappear. He has got off to a good start in the competition to see who is the most stupid head of state and the more he imprisons thousands of journalists, teachers, judges etc the more rapidly there will be regime change & a return to democracy. It is also the case that the grotesque violence and evil of the extreme Islamic lunatics, ISIS & Co., comprise a very good way of making the entire World aware that primitive religious mumbo jumbo has no place in the modern world and Erdogan wanting to force the entire population of a modern secular state which is Turkey, into becoming a backward, mentally ******ed ISIS clone driven by obsession with the utter nonsense which religion is does not bode a good outcome for him. But then, he is a very stupid person. So, investors have to decide whether riding the storm is worth the risk or whether it is a good idea to be a bit precious & timid & take the first opportunity of getting out of Turkey in case it implodes. It may implode; but it probably won't and Erdogan could well disappear quite quickly. Personally, I am happy to take the risk of staying invested in Turkey, even though I really need not to lose money, as I think the risks are not much different from what they always have been. All the current risks of Turkey were always there and are always there in slightly dubious 'Third World" type countries like Turkey. C'est la Vie !

my humble holding is 1861 shares (one thousand eight hundred and sixty one) & I will definitely vote NO & I think anyone who doesn't vote NO is totally bonkers. This is a pure rip off. And it seems quite clear to me that Parsons is slightly dim (like many South Africans - I have lived there for some years), he has an inflated ego (like many S. Africans), and is only doing this deal because it is good for him but not good for PI's It is indisputable that it is absolutely NOT GOOD for us shareholders. Parsons seems to have forgotten it is us shareholders who employ him & therefore who can also fire him. I suggest we lobby the II to find out if they might think it might be a good idea to get a much better CEO. This bloke is laughable !