RE: Trading Update1 Feb 2021 16:03
Thornback
Like Bebeto posted on Saturday, "UOG did $16m RTO now have MCAP of £18m from 625m shares" and now we've learnt the company has earned $9m last year so if it stays as it is, UOG just needs to earn another $7m to recover the costs. Now it can wait for another year or increase the production so with higher oil price, it might earn it back quicker.
The fact is this company is creating real value, its earning cash and using it to make the business more valuable. Sooner or later that will be reflected on the SP, it always does! I'm invested in Ilika, earns around 1.5m but check it's MCap. Its in EV sector, that's the only reason. UOG in O&G which will still be needed in years to come therefore the value WILL BE reflected in the SP and I can wait until that happens.
Like O2 always say, parience is what we all need and he is 100% correct in saying that.
GL