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There is a third option, which is to sell off the assets acquired from Corallion as part of the deal with them for £250k.
Assuming that would be enough to fund their share of the WN drill.
Don't forget that Reabold are only interested in drill one horizontal to prove the gas and condensate in place and then sell off to a major.
Hopefully for more than the pittance they received for Victory.
Having read the headline to that article this morning, it is nothing but a personal attack on DB and quite frankly libelous.
That person should probably be made aware that the European laws on defamation are far more robust than they are in the UK.
Our mutual friend is a very intelligent and well researched gentleman, as you can probably tell from your conversations.
I wish you both all the best and sincerely hope that all long term holders of UJO reap the rewards of their patience and faith in DB and the board.
Afternoon Heid,
I trust you are well.
Ignore chitty and don't engage. It is a silly little nobody who called me either an idiot or a liar for being 10k underwater a month or so back on UJO.
I am now very much back in the green. So eff you Chitty!
RNST and chitty are part of the same micro penii brigade who do not understand that serious investors see the true value of companies like UJO through research and belief in the company and BoD.
Ignore them, filter them and don't let them drag you down.
Chin up. Carry on.
Afternoon RT. Absolutely agree. Do your research and stick around for the good news.
I have traded ANGS twice, having been in and out for three years. Both times for small profits and to secure my capital when things were looking a bit stagnant. Over all about 5% profit in total over both trades.
I also hold UJO and RBD and have done for the same amount of time.
It would appear that all three are going to have a very good day come Tuesday.
I'm not what you would call trader as such. Just cautious with my capital.
Afternoon mazik.
I believe the gentleman was looking for somewhere to plow his considerable profits from ANGS into after he sells.
Please DYOR on RBD. I would also suggest UJO. Both have significant news coming on Tuesday, as does ANGS.
BTW. Last I saw, ANGS share price forecast was 13p. For those with the stones to hold.
GLA.