Member Info for optimist13

oldandtired - I don't disagree, but some would argue that UKOG's share price already includes an element of the 'commercial flows' premium. Also, I would hate to be accused of ramping...lol.

Also, out actual stake in the Horse Hill PEDL 137 licence is 1.3%.

More buys coming in at the close.

risk, just to confirm, I was referring to UKOG and not Gunsynd which we all know is still way undervalued.

On a conservative estimate, based on UKOG mkt cap after all the placing shares are listed, our investment in HHDL must be worth in the region of £3m to £4m once commercial quantities of oil flows are confirmed.

Ouch.....UKOG placing at 2p per share. What a pump and dump that has been this past week or so.

So, all of the main Horse Hill players are funded to develop the field. All approvals in place. Just need confirmation of the extended flow rates and ALL of the HHDL participants will be flying.

As I said this morning, based on UKOG's mkt cap, our 2% of HHDL could be worth many millions.

And AAAP have a processing and production plant.....

Sativa moving up. There is clearly interest in cannabis stock as they are valued at circa 10 times their net assets and do not have any revenues at the moment as far as I can see.

Come on DL, you can't let another company steal your thunder.

Yes, it will be interesting to watch what happens to the respective shares of AfriAg and Sativa once the resolution is passed to expand our investment policy to include the cannabis sector.

Sativa appear to have funds of circa £2m to invest but very few assets at the moment. They have a mkt cap currently of £19m, which is many times the net assets of the company. They also appear to have a big mouth to feed, looking at the amount of directors and advisors.

AfriAg Global has a current mkt cap of £2m which is equal to the net assets of the company and of course have other businesses in the portfolio.

Clearly a huge discrepancy between the two valuations......

UKOG's mkt cap now £136m...

Our 2% worth £8.38m.......probably not, but it worth an awful lot more than the current book value.

Based on UKOG's current share price and their 32.43% of Horse Hill, that would make our 2% worth £7.89m. As I have previously stated, they do have other assets, but so do we.

Irrespective of what our share price does in the short term, I am pretty sure there will be buyers lining up to buy our 2% share of HHDL if/when commercial flows of oil is confirmed.

Based on the current market cap of UKOG, the value of our shares will be in the millions.

David Lenigas
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Good that he is now including AfriAg Global in the tweet.

@DavidLenigas
6m6 minutes ago
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Article in Shares Magazine on #Cannabis ⁦@AfriAgPLC⁩ $AFRI $AFRIAG

The disconnect between our share price and the value of our assets continues to widen as the share price of the other players in the HHDL consortium increase by the day.

shaun86, I have a few posters on filter, so not sure which one of them continues to post negative comments.

As you say, we have not invested any money in Fastbase and any negotiations between Hamish and the directors of Fastbase will have been done in 'good faith'. If it turns out that Fastbase have misled our BOD, then in my view it would have no detrimental impact on the standing of our directors.

However, I choose to believe what is being said by Fastbase and the previous negative article which the derampers have continuously referenced is actually written by a competitor of Fastbase. Talk about impartiality.

Signing off now for the weekend. Have a good weekend all.

As you have pointed out, that article is a year old, but the facts haven't changed, other than the HoH deal is now off the table. Everything else still holds true.

Seeing as we also have shares in ALBA, that makes it a double benefit.

Ignore all the noise from the derampers and look at the facts, not the conjecture.

I'll bet DL was incensed when he read that. Well they won't be the only UK medical cannabis investment vehicle in a few weeks time.

And we have the logistics and transport infrastructure to make it happen.

It doesn't work that way. The MM's can choose to put the trades through either exchange. The shares in issue remain the same.

shaun86, great that you are keeping on their backs. Silence is the death knell on AIM which the derampers love to exploit.

Of course, if/when Fastbase do list, they wont be coming on here admitting they were wrong.

I know we complain about NEX, but it is interesting to see the amount of trades going through on Sativa at the moment. clearly people are not put off by NEX and want to get into the cannabis space on the UK market.

I think AfriAg Global will be receiving a lot of attention now from DL as he won't want another company gaining traction ahead of him.

Things could get very interesting.