Member Info for myfirstmillion

Ameen

"Let me guess, you only bought in recently? You probably don’t feel the same pain long-term holders have endured."

You couldn't be more wrong, I've been in longer than most and certainly longer than you because I remember when you first started posting on here and I'dalready been invested several years. My first buys were at 5p not .5 and they were substantial. So do I know about the pain long term holders have endured? Too effing right in do!

However I'm a pragmatist at heart and recognise that sometimes things don't go to plan. I think Bryan's plan all along was to ramp up production in Egypt and then use the funds to develop Jamaica upto the point we're at now but without having to dilute the company. That would be my best guess anyway.

As we all know Egypt didn't go to plan the company must take some blame but they also did encounter some bad luck to deny that is just not looking at the situation as it happened. The devaluing of a country's currency isn't something that could have been forseen or predicted when we first signed that deal and that became a major factor in our cash drying up.

Since then they've been in survival mode and without revenue there's only cash raises to keep the company afloat. Still since Egypt they have had to focus on Jamaica and getting it to a point where a major or super major will farm in. It very nearly happened twice but stumbled at the eleventh hour due to the prevailing geo political environment and restructuring around 'clean' energies.

Then the landscape changed as we continued to progress Jamaica, finally a change of fortune.. Oil was now once again seen as necessary with people slowly realising the world can't and won't stop running on oil overnight, it will take decades.

And here we are a micro cap oil & gas company holding 100% of a huge offshore licence in Jamaican waters with a licence extension to 2028, an election that continued the status quo, granted us our beach and piston core survey licences, we are now cashed up through 2026 and are progressing the survey ourselves and retaining 100% ownership of what could turn out to be something huge.

The recent independent study showed the potential value to UOG should this survey show positive results with a target shareprice range from 1.3p to 2.36p and that just on the back of a successful survey. What price a farm in for Colibri? Or for the whole basin? What price if one drill hits for Colibri derisking the whole basin? To use Bryan's words we'd be talking telephone numbers for investors.

There is so much evidence already that shows the shallow offshore waters South of Jamaica hold an active hydrocarbon system which is why the company are so confident of a successful survey.

I've averaged down massively over the years which has put me in a decent position now should a successful survey become a reality. If others had done the same instead of just constantly criticising over the years, they'd be in a similar positi

I'm astounded by that response to be honest. If BL and the company manage to get Jamaica over then line do you have any idea what this company would be worth? You said you topped up heavily at 1p so it's probably fair to assume you have a decent holding. If we get a deal with a major or supermajor to sink a drill into Colibri this will go absolutely parabolic based on the prospect of discovering 7+ BILLION barrels of oil and you personally will benefit immensely yet still that wouldn't be enough for you? Seriously? I think you need to reevaluate you whole attitude and investing strategy.

Goldmine Sachs' prediction of $5,000 Gold in 2026 is beginning to look achievable now it's already ripped it's way to $4,200, I think it was around $3,700 when I posted it about 3-4 weeks ago!

At this rate any positive news at all will send us on a tear. Should be much higher even without the news based on what we already have!

ameen a lot of people are under water, whining and *****ing about it isn't gonna help. try getting behind the company now we have this upcoming piston core survey because if the results are good you'll still see a good profit.

You've supported each other!

I agree naddy, they were targeting a deal this year. What they've done is show anyone dragging their heels in the data room that we're not waiting around and now they'll have to pay more if they want a deal off us.

BL said two parties in the data room had been in touch straight after the placing for the piston core survey was announced so it must have taken them by surprise too. This might just put the burners under them to put pen to paper before it becomes even more expensive when positive piston core results come in.

I've had a good look at the chart today to mark out a target for next year. I have found a high probability zone where price should be attracted to and should be achievable by next year possibly even by then end of this year depending on news flow and level of market exuberance. I won't state the level publicly as I'll face a wave of sellers right in front of me but I will say don't be in a hurry to sell. My target is multiples above Zak Mir's target. Strap yourselves in and enjoy the ride is my advice :)

And your constant assumption that it's uk shareholders selling and specifically shareholders that post on the lse forums doesn't make logical sense to me. There's no way of knowing who is buying or selling unless you're a broker putting the actual trades through and I would guess 99% of that is even fully automated. So I don't understand the frequent digs at posters on here. I can only speak for myself but I've never traded or even sold any TLOU shares since the day I first bought in! I don't make any judgements about people selling because I don't have a clue who is and neither do you. So please stop with the digs about 'dumb' Brits selling and with the intimation that Aussies would never be selling at these prices. It's childish and based upon nothing but your own biases, thoughts and feelings.

The way Copper price is moving up we're now looking at a £uck ton of cash being generated by this venture. Imagine if the whole length of Hope Gorob turns out to contain Copper...

Prickly, I've been having exactly the same thoughts re. a commodities / resources supercycle lately. I've seen 4 of my companies (Copper, Gold, Gas/Ai and Oil all rising over the last 3 months or so and know from fellow investors in Australia and Canada their resource stocks started rising around six months ago. If this is the beginning of the next supercycle we could all be sitting pretty. These cycles can last a decade or more.

Gold might see $4,000 this week the way it's been motoring recently

Copper price back over $5 per pound $5.10 to be exact. We could be right in the sweet spot with Hope Gorob right place right time.

I think Winni is correct Brad, I think the 'fall back' clause is for Tlou's benefit not for Kala's ie. They can sell at the higher price to the BPC rather than pump to Kala but the profits will still get split 25/75. This way with companies are guaranteed to get the best price but I dont see Kala as doing any actual selling themselves.

Thankyou Winni. Donkey you're right I should keep every single fact in my head but the reality is that im human and invested in 5 companies plus have a job and other interests, whereas you appear to have just one sole occupation. Being negative about anything TLOU

Where is this info Winni? About the independent adviser.

Let's hope so prickly, have to admit I didn't like the comment about certain items having long lead times, that smacks to me of excuses. You can blame any delay on long lead times. The thing is if you know this (as CB) certainly must do then you order them well in advance to the point that they never become an issue and don't need mentioning! If this bloke hasn't issued a major update by the time the EGM comes around I'd seriously consider either voting the whole thing down as a protest or calling for another resolution to remove him and get in someone younger with more drive. Enough is enough.

Gold is at $3,775 which gives a $75.5 million for 20,000 ounces of which we make $37,825,500 or £28,215,742 for our 50.1% stake per annum. What's that worth as a market cap...?

Mr. T

"we have already started selling down our blackstone investment, why not sell the lot and use the proceeds to finance the hope mine!!!!"

I agree. JAN was looking out for the count until they took on a new CEO recently and he's hit the ground running. Today notifying the market that they'd sold all their BRES shares to finance their Gold project. Colin could easily do something similar here. That's one thing i can say about jan their directors go out of their way to avoid dilution. The basics are often overlooked, don't raise at micro pennies, keep the market well informed and have the drive to push projects forward at pace. I've seen countless examples where just these simple principles have been ignored and the companies shareprices and ultimately the companies progress have all suffered. In the case of EUZ it was fatal.

Colin's had a long enough grace period now in my book. We was gonna hit the ground running with this oven ready Bird, where's the plan Colin?

Did I get under your skin Donkey? Tough. Suck it up. Also did you notice that it took less than 24 hours for you to look stupid with TLOU putting out the notice of imminent revenue? For once tlou got their timing spot on LOL

I don't know why you continue to post stuff that is so obviously going to make you look very stupid in a very short period of time donkey. It's been a long road yes but we're on the brink now and still all you can do is talk it down, you really are pathetic.