Member Info for myfirstmillion

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

As usual smiller it isn't CB trying to 'twist' the facts it's you, this, given the problems at Caerus and the fact they had another licence rejected recently is undoubtedly good news for BZT plus we don't owe them any money. Now we can focus on our Hope project which the government want progressed expeditiously so this could really work in our favour. Up 14% as I write so the market likes it even if you don't!

Thx Appi wasn't really a theory as such more an idea of what could have happened. Obviously this note probably puts paid to the idea but should they need more cash in wouldn't be a bad play I don't think although we obviously have to make sure we have enough cash to fund ourselves through to first profits of course.

So as they have secured private funding they should still be progressing our Hydrogen unit let's hope there's no more delays!

Thanks for your response Appi much appreciated. So SM were to fund our Hydrogen build from their IPO funds, this much to my shame I didn't realise. I've been focusing purely on daytrading forex for most of this year and have taken my eye off the ball wrt my stock holds.

Well that presents a problem then doesn't it. We definitely shouldn't reroute any tx funds to help them but if and it is a big if, if we have 'spare' funds we could help them out but for a future slice of their equity when they eventually do go public. That to my mind could be a fairly shrewd move. Given their tech and potential International focus.

Fair enough D to E but if you had of commented then we could have had the discussion that the forum was created for. Still nice that you could be arsed to comment on the fact that you couldn't be arsed. Sure there's some irony there somewhere. Good day Sir.

Disappointing to come back to zero replies today barring of course the legend in his own mind Brad. Brad as mentioned mate you and Moagi are blocked and I don't mean pretend blocked I mean actually properly blocked, no peeping, no dodgy browser that let me down, no excuses, blocked and I've no intention of getting a plunger out to unblock either of you as tempting as that is.

What this tells me is that this whole saga has now dragged on so long that no one can even be bothered to post anymore. Who can blame them. One target missed after another after another. The poles and wires took an eternity to get going and despite the company line I knew they hadn't and wouldn't get properly started until the politicians deemed it so. The really disappointing thing for me is the missed deadline by Synergen Met, it's bad enough us missing every single deadline but when brand new partners also miss their very first deadline that ain't a good look. Add the missed IPO and it's all a bit of a shambles really. As no one has commented I'll investigate what has happened to Synergen Mets' Hydrogen delivery myself. If they've set another deadline I haven't seen it but if they have I hope to Christ they hit it! Then there's the poles and wires supposed to be all connected within a year and tested and commissioned some 3 months later was it? Anyone taking bets on that all coming in on time? I wouldn't touch that bet with a bargepole personally. As usual with this company they do seem to progress eventually but it takes eons and of course the price goes nowhere. Not sure what today's rns is all about but they've obviously incurred the wrath of the ASX regulator, didn't we have some issue with them a few years back or am I thinking of another company? Either way it shows how on the ball the management are (not) when simple regulatory mistakes are being made and where was the nomad? What the hell are they paid for?
Anyway I'll do some digging but it's back to sleep after that until Synergen Met get their collective fingers out and deliver what was promised!

First time looking back in here for months. Can anyone who isn't filtered (Brad, Moagi etc.) give me a quick synopsis of recent progress? The main thing I'd like to know is what has happened to Synergen Met? I know their IPO has been postponed presumably due to market sentiment at the moment but have they delivered a working Hydrogen solution as promised for H1 wasn't it? If not have we been told why not? Thanks in advance.

ps. I did hear about the poles and wires finally getting started which was a welcome relief! Too many of my companies seem to be drifting coasting along, weeks turn into months, months into years and before you know it a five year plan is a decade plus plan!

Markjenn53

The lower figures for 2022 are primarily down to the fact that they don't include anything for the 2 exploration wells being drilled this year both with considerable upside potential should they be successful. They are also, as someone has already said erring on the more cautious side for the existing wells, it looks far better to beat targets than to meet targets!

For those that don't know Synergen Met's IPO is pencilled in for 1st June. Will be interesting to see how they're received given the current buzz around Green Hydrogen. Hopefully we may get news of progression of our jv with them soon. Would be nice to hear they've shipped a unit over to Botswana pre IPO to help with that launch. Would undoubtedly help TLOU too. Could be a busy summer of news. Very much hoping we get the poles and wires project started this month too as I said before if we can't get the ministers and dignitaries around tell 'em we're starting anyway, we can't afford anymore delays. I bet if we did that they'd soon find a slot in their schedules. You never see a politician pass up a chance at self publicity!

ps. this board now takes a fraction of the time to navigate thanks to that wonderful invention the filter button. I get yards of green every day that I happily skip. I don't feel as frustrated as I used to reading all the garbage and bickering front the two protagonists. I'd advise anybody else sick of their selfishness / vanity to do likewise I guarantee you will feel better for it.

pps. bucklefern is very close to the filter button too, pretty sure he's just another guise for Moagi but he's getting the benefit of the doubt, for now...

I said at the time that I'd rather they'd gone straight for the DSO, with such low capex and a simple operation we'd have most likely already been a producer now.

I understand why they decided against (iron ore price volitility) but the old saying 'a bird in the hand is worth two in the bush' springs to mind.

My idea was get into production quickly, build up some cash and then explore other options. Maybe I'm being naive and oversimplifying things I don't know because we never get detailed enough communications but it looks like the full DFS will take another 2-3 months, no idea how long offtake agreements will take but with more than one it will take time and then there's the actual mine build. Although for balance they have said they can start offtake negotiations straightaway while the titanium element to DFS gets progressed which does make sense. It looks like they're gonna go for 2 or 3 seperate aggreements which will be more complex but probably more lucrative.

However every month that ticks by could have been a month building up cash reserves from a simpler operation from the start. Don't get me wrong this is still gonna be something special, with 100% IRR and only 3/8 resource areas mapped the potential here is enormous. With the number of shares in issue and the squeeze on commodities one can easily see a shareprice in the pounds a few years down the line but that's the rub you've got to commit that most precious commodity of all, time.

With almost everything in life the simpler you keep things the better. I hope these guys prove that wrong on this occasion with a fairly quick follow on announcement of a first offtake aggreement and get cracking with mine build ready for early '23 production.

Still a holder, still hold the same million shares I bought 4 or 5 years ago and still haven't sold a single share but I feel I've been patient enough and time has a habit of going by quicker as you get older so I want to see things really kicking on now. I'd also like to see better promotion of the company and better communication. Never take your shareholders for granted you never know when you might need them :)