Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Appi I see your point about the perception of money being tied up and yes the company will have to gain some momentum to get a buzz going around the share so we're not languishing at these prices 12 months from now.
Getting the work started for the tx line will be a big PR event for sure and it should begin this month. Further if you want to get new investors excited then Hydrogen and Crypto are surefire ways to ignite the retail PI's imagination. Hydrogen stocks have done really well and everyone knows the buzz around Crypto should they go down that route.
Lastly it could be argued (and is by many) that when the share is at it's most unloved and appears to have hit rock bottom (but with massive future potential I might add) is exactly the time to be loading up. I don't advocate averaging down in general because one catastrophic failure and you can be wiped out BUT for anyone looking in now, there looks to be huge reward potential for a relatively small risk given the not insignificant milestones the company has hit over the last 12 months.
I'd be surprised if the 1.6p put in a few weeks ago wasn't the bottom, we may come back down to around 1.7p to create a double bottom or may just continue up either way the risk / reward profile is massively skewed now towards the reward side imho :)
Personally WM I believe we've already passed that point. We have a transmission line to be built but once we're connected we're generating revenue, could be sooner with Hydrogen but we have an agreement in place for our gas to power. Plus it opens up the SAPP to us.
We've had 4 positive rns in what 7 days? I wouldn't call any of them 'underwhelming' the market reaction yes but not the rns's. I can see this going on a major run and the Golden Cross (50 x 200) is often a time you see those kind of runs begin. Another share I'm in rose circa 650% over 15 months from that same Golden Cross point. You never know for sure how far or how fast a share will move but I'm confident we won't be around these levels over the coming weeks and months. News fuels those longer term huge rises and with BZT we have the potential as seen these last few days for multiple news streams as all the projects develop.
* raincloud :)
So what happened to buying another asset? Do we believe this is still in their plans? Maybe it's the reason LR walked. Was it his idea and the rest of the board disagreed or vice versa? Again so many questions with EUZ and no concrete answers.
It seemed to me a foolish idea and I hope it has been shelved but it wouldn't surprise me if it hasn't. I just never saw the logic UNLESS you could pick up an already producing asset that was already profitable but even if we had that, how much would have been left to run EUZ?
We know we'd be in a much stronger bargaining position with a PFS under our belt so the more money spent on that surely the better.
I wish the company had been straight with us a couple of years ago when that famous line came out 'funded for MOST work streams of the PFS' it worried me immediately given the history of rock-bottom placings and sure enough that history came back to bite the company. No PFS and seemingly no chance of getting the PFS via yet another discounted placing.
I wish at some point they'd just said we need X amount to get this PFS finished. At least then that may have bolstered expectations that we'd definitely get there, thereby underpinning the shareprice.
By instead saying most workstreams are funded but never actually saying what more was needed or how much it might cost they left the market to guess and everyone knows the market hates uncertainty more than a placing!
What that rns did was effectively undermine the next 2 years worth of solid work because everyone knew, no matter how good the results, that we weren't funded to PFS and had no guideline of costs to get the funding or estimate of length of time to get the PFS finished. A triple whammy of uncertainty and I'm afraid the blame for that has to sit squarely with the then CEO. He was always over cautious in nature and by holding back with those things (even if we had only rough estimates) he left a huge raincoat over the whole project which is why no matter how good the news, no RNS ever moved the needle.
There's a very simple reason for that Moagi. You **** this company off at every opportunity. So two possibilities 1) You're a holder and are just pi55ed off that you bought at the wrong time and instead of taking ownership of that you prefer to blame some posters from 6 years back and post endless negativity about the company in which case then yes you do need to get a life. Posting endlessly upon a bb, having virtual spats and multiple aliases is borderline psychotic behaviour.
Or 2) You don't own any shares and perhaps never did but instead have some other grievance against the company. Again completely nuts to be posting non stop for six years, sometimes giving a half compliment or hint that progress is being made and then slapping them down again a day or two later or even later the same day! That again is very strange behaviour. I don't worry about your mental health because I don't know you but if you was a family member I would be worried. However just like someone else who posts here as much as you I'm certain you won't take a blind bit of notice and carry on regardless. Perhaps you and Brad are even the same person, you've always struck me as having almost identical personalities yet with 100% opposing viewpoints. Now wouldn't that be a turn up for the books! :))) Anyway your last post showed me enough, I know you won't change so I'm bidding you goodbye now too. I made a viw this year to stop wasting precious time and that includes reading garbage from the likes of you and Brad. So now it is your turn to be filtered. Au revoir!
Moagi listen to yourself man, you're talking about stuff that happened in 2017, 6 years ago!!!
The likelihood is that you invested in the large spike late 2016 that took the price to around 13p or early 2017 where the price peaked at over 10p so I get why you're disappointed and upset especially if you put your life savings in BUT as I've said before it was YOU that pressed that button and bought the shares. Not tidd, buzz or any of the other names you bandy about.
I invested about 5 years ago I think (without checking), I don't remember those names posting on here so I guess they were just ramping the price up and then left. Thing is this sort of thing goes on in every single share at some time or another. You get rampers and you get people continuously knocking the price.
It sounds like you invested rather naively on the basis of all the euphoria around those price rises. They may not even have been 'orchestrated' ramps. People get dizzy with the euphoria once a share starts to move significantly and they're making bundles of money in a multibagger. A lot just get caught up in the excitement and frenzy of a big move. You did. Now did everything pan out? No not yet and who could have forseen how long it would take but that's the game. We invest and to a certain extent there's always gonna be an element of the gamble, an element of luck involved but to blame others still after 6 years rather than just being honest with yourself and saying yeah I got caught up in the hype but I pressed the buy button no one else. That would actually give you some closure. Its only when we take complete responsibility for our own actions that we gain mastery of our own destiny.
You haven't lost anything until you sell. If you already sold years ago at a massive loss then yeah you've f00ked up big time but if you're still invested then I'm pretty sure that no matter what price you bought in at you'll see it all back with a premium on top. That's not hype, that's just based upon the tenacity shown by TG. I don't know the bloke and I'm not his personal cheerleader like Brad but I have witnessed how he has doggedly moved this company forward when many would given up and shipped out long ago.
That says a lot and this last 12 months have seen some really good progress so I can definitely envisage this becoming a very successful company. Massive resources in a skyrocketing price environment in a region that is crying out for power, in a company headed by a guy with a proven track record and a dogged determination to see things through to the end.
So do not us but yourself a favour, quit all the whinging, posting under aliases and sniping at the company and get behind your investment. You might make some decent money down the line and more importantly you'll enjoy the journey a hell of a lot more.
BOOM!
Still haven't received the latest BAG notes could one of you chaps who meet with CB kindly forward them again, I've received all previous efforts and still have the same email address so not sure why I haven't got the latest notes
Reluctantly after all these years I've decided to filter you Brad. I don't like to filter people but I've just had enough of you.
You think you're doing this share a service by posting constantly day in day out regardless of relevance to TLOU but the stark truth is that you're not mate.
What you've done is make this board practically unreadable. Constant off topic rubbish, drowning out any decent discussion before it's even had time to flourish, posting long winded opinion almost as fact, 'expert' analysis of a subject you’ve just learnt about etc etc.. When you do contribute with something TLOU related I find the points you make unintelligible because they lack focus, clarity and coherence. You are also way too sycophantic to TG and the company, never questioning any decision, action or inaction. Ever.
Your mutual obsession with Moagi certainly hasn't helped, pretending to have blocked him for years but the minute something he says 'bites' you're back at him like a terrier, followed by a soppy incredulous explanation as to how you inadvertently saw his post.
You clearly think you're an intelligent man but most experts now agree that IQ is only one limited part of intelligence, there are many others. If your IQ score is among the top few percent then your EQ score must surely rank among the bottom few percent because you have no apparent concept of yourself, how you come across, how you interact or behave. The phrase 'ignorance is bliss' was never more apt.
I never thought I'd be filtering you before Moagi but that point has come. I wish you no ill will. Please don't bother to reply though, I'm not the sort that pretends to filter people, once you're gone it's permanent. So please spare the rest of the board your defence, I'm sure they've heard it all before anyway. Adios Brad!
Also haven't as yet received the notes from the latest BAG meeting.
Decent interview. At long last it looks like construction on the transmission line is about to get underway. First revenue will almost certainly come sooner from Hydrogen as long as testing goes to plan but connection to the power grid and the Southern African Power Pool will be very significant.
Buying back shares would be a foolish waste of money, much better to use the money to buy another producing asset or ramp up production in Egypt. That way we get the benefit of future production at the high oil price and grow the company faster.
https://twitter.com/UOGPLC/status/1491698604297310212?t=FODOQCMWn1cP35Od1OgdHQ&s=19
Exactly the point I made yesterday. Some good drilling success this year and we could seriously increase production here.
The price pushed strongly through the 200 Daily Moving Average with the big 30% move the other day. The Golden Cross is simply when the 50 period daily moving average crosses over the 200 period daily moving average. It's usually a sign of the start of a good long term uptrend. It won't happen this week but may do next week or the week after.
"you guys provide nothing except ramping and you insult people that say anything that's not a ramp."
This all sounds completely fake to me, fake whingeing, fake indignation, fake outrage. Not me nor O2B have insulted you. In fact it is you calling people 'clowns' and 'idiots' that is doing the insulting. Telling someone that by constantly talking the shareprice down it can be understood why some have questioned their motives, isn't insulting unless you have a very thin skin indeed. I'm actually pointing out to you how you're coming across to people, which is extremely negative. That I find most strange for a holder of the companies shares.
On your other point yes I'm fully aware it's a paid interview but you're somehow using that to try and cast doubt on what BL is saying, are you in fact saying that BL is lying?
o2B, there are a lot of assumptions and many controversial opinions in your last wide ranging post. None of which I agree with. The facts are we don't have a hostile bid. The bod are not considering a share buyback or dividend. Jamaica remains a 100% owned asset with 2 billion barrels of oil. UOG successfully drilled every well last year. We have a fully funded drill programme for this year. We are owed millions of dollars for assets we've divested. The bod are actively looking for more opportunities to grow the business. This year's guidance is obviously conservative as they don't include this year's drill targets or the workovers of existing wells. Those are the facts. Talk of dividends, share buybacks and hostile bids are not facts. They are distractions that waste space and muddy the picture here.
Cane tToad every post I see of yours is talking your own investment down, it's hardly any wonder that some have questioned your motives here.
o2b, A sale can't be forced upon us. BL stated in yesterday's interview that UOG isn't for sale as far as the management are concerned and any shareholders would be mad to accept a low ball offer with the prospects we have here. I understand people's frustrations with the shareprice but give them a bit more time to drill, do some workovers and maybe another acquisition and you could see a much better shareprice. The chart tells me we have already bottomed...
If they're investing in another 4 (possibly 5) drills this year I don't see they have the money for a share buyback. You'd be daft to leave yourself short of cash when you still have debt on the books, divestment monies owed a and an asset that is bound to the volitility of the oil price. Why place yourself in a vulnerable position when you don't have to? Better to reinvest the money in more drills. When we get the divestment payments in we may be able to acquire further production too. Both of these will add value and not just in the short term but over years going forwards. Talk of a dividend payment or a share buyback are far too early in my opinion.