Member Info for myfirstmillion

Lupidog if you're not happy with the arrangement you can sell up. That is your perogative. The suggestion that someone wouldn't invest being at an informational disadvantage seems wrong. Everyone knows that expensive broker reports that most pi's don't bother to buy give institutional investors an upper hand but it doesn't stop retail punters from investing does it? The information in the bag report is far from that level as prickly says just extra background stuff and musings from CB which I appreciate but nothing that would influence or SHOULD influence an investment decision and nothing market sensitive that would even remotely warrant an rns.

Exactly bebeto, and it's only a decision to drill or drop by Jan '22, actual drilling is pencilled in for '24 I think, by then we'll have had another whole year at least of drilling Egypt plus Selva hopefully producing and maybe another asset bought and producing. Funding (if we don't have a 100% free carry) for our portion would not be a problem. I do however expect this team to get a good deal.

Good post Ghrtrader. Completely agree.

Batch have you escaped from somewhere secure?

I don't understand this at all. Brad told us that because of Covid nothing is getting done or approved. This must be a mistake because Brad's never wrong about anything.

Taking an awful lot of interest gregpeck for someone not invested. I don't believe it for a moment. You went on like BL had shot a member of ya family a few weeks back when the directors increased their shareholdings. On here, on a d v f n and incessantly on twitter like a man so angry he'd never even look at the company again. Now here you are after the price dropped a bit, claiming that you don't own or didn't increase your holding but have plenty to say every day. Your credibility is shot, you fooled no one. Fake tears over the options to get a cheaper price for more shares everyone knows it. Soon no doubt you'll say something along the lines of "well I see some great potential here now so I've bought back in" the way you acted and got others riled up over something that really didn't warrant anywhere near that kind of reaction was pathetic. If anyone takes a blind bit of notice of anything you say they want their head examined.

Don't presume Lords check it out. All the historical information about Jamaica and the drilling that has been conducted there is around if you look for it. From memory it's not far off the coast and pretty shallow so not the worst by any means. I'm convinced this team will be able to attract partners but I am an optimist by nature so take that with a pinch of salt but they are well regarded by most and do seem to have plenty of connections. Jamaica seems very promising to me for a variety of reasons but as I say best to do your research on this :)

Well it's already been months since the 'value event' was announced, 3 of them! How many more months before we get it and how many more months will our current finds last?

We have a jorc compliant resource of over 10 million tonnes!

"What makes this more investable"

Already profitable. Revenue and profits likely to continue to grow as Egypt has circa 35 targets to go after. Selva gas coming online next year, not huge initially but will be expanded. UK assets being worked on for sale or partnering. Jamaica with 2.4 billion barrels estimate, announcement of partnering or not by Q3/Q4. Massively undervalued with a P/E of around 3 or less. Proven, experienced, ex Tullow oil management team.

With only 2 out of 8 targets drilled and both those 2 still open the potential certainly is mind boggling. This is the same with many AIM miners but the key differences here are the cost and time to get us in production which are both cheap and rapid. It makes Jangada a compelling investment case in my eyes.

Finished blue after a trawling expedition by the market makers. Funny.

A shares price can fluctuate massively over a period of say a year. It can go from massively undervalued to massively overvalued, to tie remuneration to that seems foolish to me. Better to tie remuneration to boepd as it is much more stable. The incentive is there to keep increasing production and the shareprice will eventually reflect true value. Might not be good for those wishing to trade the share but for long term investors it seems the fairest way to me.

I know news is often sold into but selling into todays news seems particularly stupid. We've effectively been given our licence to print large bundles of cash in about 8-9 months time. I don't expect this share to be at this price even by the end of this week and I think anyone selling and hoping to buy back in any sort of quantity will struggle to get back at a cheaper price. Either way today was excellent news and a massive box ticked in the derisk department.

Levi it isn't the job of directors to 'look into' buys and sells of shares. If that is even possible, I mean with data protection laws how are they supposed to get that sort of confidential information? It's a ridiculous notion. The directors job is to run the company to the best of their abilities. The market will do what the market wants to do. At some point fair value will be attributed to UOG.

"Every board on LSE claim their aim share is a bargain."

The vast majority of aim companies are not generating substantial profits let alone even any revenue. So while their holders may claim it that doesn't make it true. Here we are generating significant revenue and profits that will continue to grow so I would argue that yes we are indeed a bargain when compared to most of the dross out there that comes back to market year after year to raise cash just to stay afloat.

Brad work is carrying on regardless of Covid and not just in the UK but many countries around the world. I personally have had to work all the way through this pandemic because I'm classed as a key worker. We take precautions but the work still gets done. Covid will be around for many years and people will have to work around it that is a fact.

What gets me is with the PPA and the funding it's nothing that can't be done either remotely or over conference calls. It's just paperwork and politics ffs. To keep putting Covid up as an excuse for us not getting those two things is deluded as far as I'm concerned.

Exactly how I see it Tex. Trying to whip up concern about a raise when they've just raised money via the sale of Valore shares looks like desperate tactics. With the amount they need to get this to production I don't think they'll need to raise at all but if they do it will be at a much higher shareprice and absolutely minimal. With such a small amount of CAPEX needed and such an attractive payback schedule debt looks to be the favourite route to take but this won't be for a while yet. Still plenty of work to be getting on with and it's all fully funded.

Extremely tempted to now sell out of a few non performers and top up here. This is by far my best performer this year and I can see it going a lot higher as we move towards Q1 production.

Blue touch paper about to be lit!