Member Info for myfirstmillion

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.

If the bigger investors didn't want him as CEO then IMHO he got what he deserved for courting them in the manner that he did. We all know DB shafted us and LR always seemed to be playing a cagey game and keeping favour with them over the pi55 ant retail investors as demonstrated several times and in several ways.

An operations management role would have suited him down to the ground if that's what was offered but you need an absence of ego to accept what is obviously a demotion albeit to a role that you're perhaps better suited. From what I heard and saw, LR although a gentleman in the old fashioned sense did have an ego. To carry on with the same strategy of not managing shareprice for 5 years and believing that the strategy of just getting the fieldwork done would take care of the shareprice all by itself is egotistical not to mention, madness ie. keep doing what you've always done expect different results.

We're getting on for 3 months now since the idea of a value adding acquisition was first mentioned in an RNS. The CEO has walked and we've heard nothing about the acquisition. What I said at the time was that any proper due diligence would take months to play out and with the amount we raised and the working capital requirements it always seemed like an idiotic idea to me. I hope I'm wrong and they surprise us with a wonderful acquisition that is already producing (God help us if it needs loads of work). The more likely scenario is that we just get shafted again, maybe 'merged' or bought out for peanuts. In that event how could anyone ever defend LR again?

So you're rejecting the idea of earlier revenue through Hydrogen or Crypro Whizzer?

Everything about the chart is pointing to a higher shareprice ;)

"If everyone filtered him he might just leave us in peace (as he has onADVFN)."

Brad you've posted a hell of a lot of rubbish and nonsense over the years but I found this comment particularly laughable and absurd.

You must have claimed to have filtered Moagi what must be in the hundreds of times. It's almost a daily occurrence that you'll post that you've filtered Moagi and then later the same day you'll be responding to another of his posts, often with the same lame excuse that your browser didn't quite manage to filter him. This is patently ridiculous and self delusional.

If I filter someone on here they're filtered. No special browser needed, no extra coding, no excuses just a simple button press. The truth whether you can admit it or not, is that you're obsessed with Moagi, just as obsessed as he is with your irrelevant postings.

As I said some years back you're two sides of the same coin. Both equally obsessed, both equally as egotistical, both equally convinced that everything you post is the ultimate truth and neither of you will ever be convinced that things may not quite be the way you see them.

As an outsider watching this I find it both absolutely infuriating and fascinating at the same time. Infuriating because everyone else has to read yards of irrelevant bo110x or filter the pair of you and fascinating that two individuals can be so self obsessed, oblivious to how they come across and blinded to their own true nature.

Truly remarkable to have not one but a pair of such individuals posting on the same board with diametrically opposed views. Remarkable.

Almost as remarkable as TLOU having apparently everything they need to start work but not quite starting work lol.

Highside, no not the strategic review, I agree that should go ahead I'm just talking about buying another asset, that idea in my opinion should be ditched.

Yes I agree Shed that it probably wasn't amicable. It's the 'best news' from my perspective because I don't agree with buying another asset, I didn't like LR's management style and I couldn't see a viable way forward with him at the helm. Whether anyone else can come in now and rescue this company remains to be seen. I do wonder why the likes of bennelong and dB voted to keep him at the agm if their strategies were not aligned with him. If they're now looking for a quick sale for Toral before PFS then I doubt I will get my original investment back. Ce la vie.

Best news I've seen in a good while. Good project manager awful CEO.

No Colin Bird won't be coming back. He left Junilee because Bezant now have a JV with Jubilee and Caerus Minerals so it would have been a conflict of interest. Coming now wants to focus on Bezant and his other interests.

I believe LR left suddenly and of his own accord. I think the realisation dawned upon him that his overall strategy here had largely failed.

Hopefully whoever comes in ditches the madness of buying another asset and instead focuses on Toral and finishing our PFS.

My first instincts about LR after I saw his first presentation 5 years ago were right. I listened to that presentation and actually felt underwhelmed after being initially excited for my new investment, not a good sign! Then came the immortal line you never want to hear from a CEO "I don't care about the shareprice".

Then after many years of management gaffs of one sort or another we had that totally baffling idea of buying another asset but with no idea what, where or when. Madness and frankly desperate.

He won't be missed by me but I wish him well with whatever comes next. I invested my money without checking out the CEO properly so I have to accept ultimate responsibility. Lesson learned.

Well Brad ya maths is out to start with, you're '99.999% certain' but there's a '1% chance' you're wrong. By my reckoning that comes to 100.999% ;)

Regardless of math I think we should have had some sort of update for this new year. We finally after many years got the PPA and the funding so it's obvious (to me at least) that all the investors that have been patiently waiting for those items for years would then be very eager to get cracking! To see either work commencing immediately on the poles and wires or informed if the companies priorities have changed.

Your idea Brad it seems is that they are temporarily holding back on starting the transmission line because the money may be needed for the SM project. Have I read you right?

If that is the case then we as shareholders should be told as much in an rns, not left guessing. If this is what is happening it mirrors when they raised the money for poles and wires from shareholders and then didn't spend it on that but yet deemed that shareholders didn't need to be told we should just work it out for ourselves as time passed.

Not great management communication in my humble opinion! In fact it feels a little contemptuous to be honest. Twice now raising funds and not getting started on the project that the funds are meant to be for. It instills a level of distrust and suspicion that we're never quite getting the full picture from the management. There are other examples of this too but I'm sure you all know them by now.

Gilby may well be making the correct decisions at the helm BUT this is a public listed company and as such they have a responsibility to be open and transparent with their shareholders (the collective owners of the company) and I don't feel we're getting that and maybe never have. I don't want to be left guessing or worse still have Brad coming up with a million and one theories and ideas as his imagination runs away with him.

I want a simple, open honest plan in an rns is that too much to ask for?

what time do they start talking about BZT Mr. T?

"When I read the explanation that someone's so far down that they may as well just leave the remnants in I know they must have some expectation that the enterprise can still deliver, why? "

Shed, to have the certainty of losing 96% of my original investment if I sell now or the hope of getting possibly 100% (or better) of my investment back should this miraculously come good. It seems a no-brainer to me for the following two reasons.

1) We have the asset that is not disputed and the asset is likely to only go up in value over time as resource prices rise ( demand for green resources and materials) and resources become rarer (grades become lower, cost to extract becomes higher, demand goes up).

2) Markets are irrational and market participants often act irrationally with company valuations becoming both ridiculously cheap and ridiculously overpriced at each extreme of the spectrum.

It is for these reasons I stay invested and these reasons alone.