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Gearing up for the met-coal mine in Zim. For any new investors, this is not thermal 'dirty' coal, it is the coal used to make steel and is in high demand. Only 47m deep so will be getting extracted by the end of Q1.
Oh and CGO have a gold mine too in Mali, so watch that number 6 as it has a green candle on it...

https://twitter.com/ContangoPlc/status/1484078950250958850?s=20

Heid 20:08
Ignore the de-rampers whom are seemingly on a mission to short and failing badly. Replying to them on this bb just detracts from the great news that not only UJO investors should be celebrating but EDR and EOG already are. If people actually are invested in this stock then what is the benefit or dissing it all the time? Big up UJO and it's real investors.

I posted this here last week:
News at the end of this month 'IMO' will be:
test results of Eagle seam High Vol-B grade coal;
washplant is up and running;
rail spur tracks have been pinned and approved for rail freight logistics;
>80000tonnes of raw coal has been extracted from Upper Cedar Grove seam Dec1-Jan1 ;
raw coal has been through the washplant to render down to >40Kt processed High-volB grade metcoal;
coal loaded on the rail hoppers;
offtake agreement by Integrity Coal for 22000Kt per month increased to take whatever we can produce, in this case >40Kt payable at initial agreed $277per short tonne generating $11.08m revenue less $4.6m MHW contract fees to leave $6.5m profit;
offtake of Jan1-Feb1 with the single current MHW to continue producing minimum 80Kt-mth but at current 20 day average of near $320pt generating $12.8m revenue less $8.2m costs producing $8.2m profit;
intention to contract a second HWM to start extracting from Eagle seam.
potential $16.4m per month from both MHW rigs operating simultaneously;
aquisition or royalty agreement to process & dispatch of 1 or more of the 6 neighbouring tracts to increase the current 11200 acreage that currently comprises 10000acres Ben1 and 1200acres Ben2;
debt free;
all revenue in US $. This US mine does not have to receive 40% of its offtake in Zimbabwe dollars for exporting coal unlike mining companies in Zim ;)

Just waiting for another update from Adam to confirm those crystal ball predictions above ;)

they still on holiday?

As the French leave and the Russians come to train the Mali soldiers to stand in the way of democracy, the Wagner mercs are being given mining interests and $10m/mth fees apparently. Am guessing this is mutually beneficial to CGO as the rush is on to produce gold or should I say ??????? Any news on how CGO is doing in Mali?

I really was expecting an RNS to drop this morning as they told me that notification of the NDA being resubmitted is deemed sensitive info that can only be given to shareholders by RNS. Guess it has not been re-submitted. That large buy order on Friday night must have been just a a pension fund loading up on speculation that the NDA will be submitted this Q1.

Take it this has been a pump & dump share since the podcasts then or are we waiting on some news of permits/deals/gold? I really cba looking through RNS/podcasts etc or rampy message groups so forget saying DYOR. This has become a bottom drawer share that I don't bother checking. Regret sliding it open for a peek now.

COPL on the move up again as is ADV, 88e, ..
But you guys just keep bickering so people can't assess the RNS. Sitting on the fence I have to say stop replying to each other over the espionage thing or whatever it is. Get a facebook account and message each other or go on a date or something. I'm invested in UJO not Heid and the people replying to her/him.
RNS looked good to me. can we discuss that instead please?

well this is a quiet board. Came here as there is too much bickering/name calling on the UK UJO board between Heid and some other members whom have nothing to say positive regarding UJO itself

News at the end of this month 'IMO' will be:
test results of Eagle seam High Vol-B grade coal;
washplant is up and running;
rail spur tracks have been pinned and approved for rail freight logistics;
>80000tonnes of raw coal has been extracted from Upper Cedar Grove seam Dec1-Jan1 ;
raw coal has been through the washplant to render down to >40Kt processed High-volB grade metcoal;
coal loaded on the rail hoppers;
offtake agreement by Integrity Coal for 22000Kt per month increased to take whatever we can produce, in this case >40Kt payable at initial agreed $277per short tonne generating $11.08m revenue less $4.6m MHW contract fees to leave $6.5m profit;
offtake of Jan1-Feb1 with the single current MHW to continue producing minimum 80Kt-mth but at current 20 day average of near $320pt generating $12.8m revenue less $8.2m costs producing $8.2m profit;
intention to contract a second HWM to start extracting from Eagle seam.
potential $16.4m per month from both MHW rigs operating simultaneously;
aquisition or royalty agreement to process & dispatch of 1 or more of the 6 neighbouring tracts to increase the current 11200 acreage that currently comprises 10000acres Ben1 and 1200acres Ben2;
debt free;
all revenue in US $. This US mine does not have to receive 40% of its offtake in Zimbabwe dollars for exporting coal unlike mining companies in Zim ;)

COPL doing alright with it's oil find. 88e about to start doing alright once permit lands. ADV starting drilling Buffalo now. If the demand is not there then why all the new drilling spots?

ah there is one: t me unionjackoil

As a new investor to UJO it would appear to me that many of the posts on this bb are intended to keep the price down with the bickering and de-ramping tactics. If we are all invested then surely we should be looking for the positives such as the latest RNS to encourage other investors and ultimately rise the sp. A telegram group to discuss the pros/cons of UJO would be helpful. Is there one so I can look through the history?

https://twitter.com/GoyalPradeepCA/status/1480823939018506242

Alaska Department of Environmental Conservation DIVISION OF AIR QUALITY given air permit to
@88EnergyLtd
$EEENF for Merlin-2 drilling.

$2m revenue since August.
£6m in the bank.
Wressle-1 exceeds expected 500 bopd by producing 727gross. Since 16th December 21 additional revenue circa £600k (OIL & North Sea royalty). Debt free. "...and we look forward to the future with enthusiasm"

Wressle-1 exceeds expected 500 bopd by producing 727gross. Since 16th December 2021, additional revenue circa £600k (Oil & North Sea royalty). Debt free. "...and we look forward to the future with enthusiasm"

Only just joined having read the RNS this morning. Sold some BEN to buy some UJO at 14.98p as a company exceeding it's target bopd and revenue is great news. Shall be flying the flag today.

pages 14, 15 & 21 "Farm-out commenced to secure strategic partner"
https://clients3.weblink.com.au/pdf/88E/02417008.pdf

https://twitter.com/StockBoxMedia/status/1480475019381780480

Merlin 2 well drilling starts 15th Feb?
Possible buyout by ConocoPhillipsAlaska?
Targeting 652million barrels oil?
No polar bears were injured in the creation of this thread.