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The investor presentation is purely because they are worried about the raise being voted down. They're looking to reassure worried investors deeply in the red that the raise is absolutely necessary.
Oily_Rag from the levels we're at I don't think any of that matters tbh. If they sign a deal with a company willing to do the extra work required of the licence extension, pay uog several million for sunk costs and commit to an initial drill on Colibri the price of these shares will fly. You can make a small fortune on that alone. If they hit oil later on with that initial drill then yes you've really hit the jackpot but that isn't required to still make a lot of money given the ridiculously low shareprice here, the reward to risk here is enormous and given that they've previously done a deal (which unfortunately fell through) shows that interest is there...
So the actual spread is around 18%.
I think under that scenario a p/e of 5 would equate to a shareprice of around 78p
Well people say that dv but I don't actually know anyone that has done a proper study on his charting 'forecasts', often he'll give a future target that is a month or more away and by that time most people have long forgotten about it so his successes probably rarely get noticed whereas with the mindset and timeframe tolerance of the average AIM investor they will always notice when it hasn't hit the target within say a week lol so he's on a hiding to nothing most times! Fwiw the chart is looking a little perkier of late from my perspective, as are several of my other companies, most likely brought up by general market conditions as opposed to anything specifically BZT related although I'm sure news isn't too far away.
CHRI5P it almost sounds like you're blaming shareholders for the situation EUZ found itself in, I do hope that isn't the case because where this company is is 100% down to the way it has been managed and mismanaged over many years.
Jono it's quite obvious what your game is here, to try and sew seeds of doubt. There have been a long line of exceptionally negative posters here for as long as I've been in UOG and you're just the latest and most boring.
The very fact that you've confessed to selling up yet post all day every day tells me all I need to know. When I sell out of a share I move on, you seem weirdly and inexplicably obsessed over points that have been explained to you in language even a child could understand yet still you persist in posting negative garbage day in day out.
It's clear to me and probably many others that this company is severely undervalued. That will soon change.
The operative word there is MINERS so let's make sure we're mining in '23 as promised eh Colin.
So a potential deal with Denarius and some excellent drill results since I last stuck my head in but an all too familiar chart. Three of my five resource stocks have shown a good recovery over the last month, two haven't, guess which camp EUZ is in? I'm around 95% down here thanks to Laurel and Hardy (Laurence snd Myles). I may one day get my money back but I doubt it's gonna be for at least 2-3 years. Maybe I invested in a pension instead of a company, you get your money back at 67 if you're lucky! And while I'm on a rant where is the promotion of this company!? It's like we're in a war and have been ordered to maintain radio silence, Miles get off your a*** and promote the potential deal and drill results properly that is what you're paid to do man!
Of course he's sore he's been rogered to within an inch of his life in UFO! Down again today I see smiller, 'down down deeper and down' lol
Yes it means his, Gilbey's and the Botswana pension funds interests are all aligned with ours and they won't be selling up for small percentage gains like many day traders.
These two tranches of cash should guarantee fast tracking of first revenue and then it's just a question of scaling up. The figure of $10 million revenue per 10MW was quoted I believe by Gilbey many moons ago, I don't know if that still stands with what has happened with energy prices but if we take that as a rough benchmark it's not too difficult to see a company valued far far higher after that initial 10MW is scaled up to 25MW and then 100MW. Which Colm Cloonan reiterated was their aim the other day "to quickly scale up"...
The hold ups here were almost exclusively down to the pace of the Botswanan government but with all agreements and licences now in place and funding to first revenue sorted this is now a different animal and I see a rising shareprice into that initial first revenue.
There are also other potential price kickers as bonuses along the way, Orapa, Hydrogen, increased reserves etc. in short plenty to look forward to and massive potential...
It's amazing the front of the geezer continually floating up on here like a bad turd trying to knock the company while his own investment is flushing his own cash down the toilet! Another new recent low hit yesterday for UFO, only thing I can think is that he has his phone upside down and thinks it's going up
My point is of a much broader nature, if you think senior management have lied to you or misrepresented the truth then what is the point in emailing them and posting about it on here? Is any answer they give likely to persuade you to buy back into UOG?
Well you've made qualifications before you've even made your point, you say he 'stated' but then say you're not quoting him, you then say he 'basically inferred' it's all a bit wishy washy.
I haven't seen the webcast you talk of so I can't say if he even made that exact proclamation (and neither can you from your preamble) let alone whether or not I agree with it.
Yes I have but not once I've lost faith in a companies' transparency and you are questioning the validity of the accounts or their 'transparency' these are serious concerns so I don't see the point in emailing the company if your trust in them has degraded to that point. If you think they've been deliberately obscure on one hand what are they going to tell you that you'll belive and trust on the other? Your position just doesn't make any sense.
"Your current position" well you've told everyone that you're not invested, further you just told us that you've "lost faith in the transparency of the company" and don't belive their published accounts! First off, given all that why the hell are you still emailing the company!? Secondly if I worked for the company you would be the last person to get a response! An utterly ridiculous post actions that make no sense whatsoever jono.
I know Mr. T you couldn't make it up could you but he could! Complete bull******* and always has been.
"quickly scale up to 25MW and then 100MW" ;)
ufo still heading down despite the news you mention, now THAT would worry me, think you should focus your attention over there and stop posting nonsense on here coz your money is being flushed down the toilet as ufo approaches all time lows