The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I suspect that this leaking business is partly beyond DB's control and more to do with the underhand methods deployed by the 'Twitter gang' and their connections with the ujo broker/PR team.
I'm sure DB will be doing what he can to deal with this breach of confidentiality. I don't think DB is completely to blame here but, he is the CEO and therefore must now take some firmer action since this has happened twice.
I have full confidence in DB and believe him to be an honest CEO that will in time deliver value for shareholders.
The swampies and Twitter gang have recently gained the upper hand and brought down the sp but, not for much longer IMHO.
Gla
My guess is, that a placing announcement is on the way. However, I suspect that behind the scenes there may be much trouble and argument over the leak.
I hope DB is able to take some action this time and maybe even name and shame the culprit, if that's legal?
The sp will rise back up towards 0.30 and once again there will be a fresh deluge unhappy posts from folks who missed the buying opportunities at these lows.
Its the same old pattern.
Placing or no placing, I'm holding but, adding where I can as I'm confident that Wressle will flow on time and WN will be a fabulous success.
Then its Biscathorpe and equally exciting NORTH BROUGHTON ..... wait and see!
It's funny how the sp dropped like a stone from 0.30's down to 0.185 and then we get to hear about a possible placing. Typical!
However, I'd rather have a placing now and before all the good news starts arriving than a placing later.
Also, don't assume that a placing means that the sp will fall. That's not always been the case with ujo.
If the placing is partly to buy more of Wressle then I reckon the sp will rise.
Imho
If there is a placing at this point in time then I'm sure it will be for a very good reason. Could be buying another chunk of Wressle.
Judging from the sp action recently I would guess that any placing would be c0.18p.
here you go Selfish DYOR....
https://youtu.be/l7_v0UXBg-0
selfish
1,000 barrels a day from Wrestle is not BS as you say according to David Bramhill.
Please listen to his Proactive video... Union Jack Oil 'has all the right ingredients for a highly positive 2020' - David Bramhill
(you'll have to search for the link)
David clearly states that initial production is restricted to 500bopd but, could easily be 1,000bopd.
As ST has just pointed out, I think UJO now hold a 40% stake (although I'm not sure if it's been legally completed yet) anyhow, it's more than the 27.6% that is still being quoted on the ujo website.
Once Wressle is commissioned and in production, it is expected to result in an initial constrained production rate of 500 barrels of oil per day gross, or 200 barrels of oil per day net to the Company.
They plan I think to double this to 1000 barrels a day, permissions allowing that is.
But, yes you are absolutely correct, very significant and a game changer for ujo.
If WN comes good then who knows, ujo may buy out Wressle 100%.
Imho
Sp took a dive but, seems to be on the rise once again.
I'm wondering if the mm's have manipulated a small tree shake ahead of some good news coming.
The initial drill should hopefully be completed by early next week. Casings cemented and then the arrival of the main rig.
Imho
Looking at the weekly and monthly charts it looks to me like the sp is ready to move higher. The arrival of the rig will be the moment and that could be by the end of this week otherwise, more likely next week. Maybe BMD will predict a date for arrival soon, he usually likes to break the news first.