Gosh ! What a lot of posts to read. A 50% discount from the recent high is way excessive. The stock as people quite rightly say was/is worth considerably more. It has been far to deeply discounted. Fill your boots. This needs to re rate upwards to a more appropriate level. Bring on the rig/extended well test.
Fantastic time to build/take a position. Trend is friend I can only see UJO trending upwards from here. Should see a bit of a relief rally now. Lots of people on the side lines have been waiting to get in I have no doubt. This placing/RNS shows massive confidence in developing the assets. If the oil is proven at west newton what a bonus. But we have the gas already what ever. With lots more to follow from this field I feel sure. Absolute bargain any where around this price. Watch this re rate upwards. Fabulous all things considered. Strong buy.
Rig due ! Let's get drilling/ EWT. Always remember the Gas is a company maker on it's own merit at W/N. The oil is a total bonus. Please don't any one get duped here, they will if they can, they are are as slippery as a handful of eels.
Hello MR. Investment. I find it highly unlikely that UJO would prejudice any acquisition at any point in time by announcing before it's completion. If they were even to consider taking on accretive liabilities that would need to be future funded with out a means at present. We need lots more income first. You can only dilute to a point. We have got plenty of project to fund already. With regard to those that sold cheap. That is their decision of course at any given moment. Strong buy.
You have to take into account the subterfuge of that RNS and what it is in response to. The RNS neither confirms or denies an imminent placing and we are in that position 24/7 52 weeks of the year. Purely politics. Bonkers cheap a strong buy. Scoop them up imo. Others will be that's for sure. There is a very good opportunity to make substantive returns from here.
No placing after all. Maybe one day perhaps. But not right now imo. We may never need to place again. We might flip West Newton before long. Wressle income before the end of the year. Relative to the asset base and the progress made on our projects the manipulators have turned this into an absolute screaming buy. The share price is now on its arse and I for one do not see a placing coming any time soon. We all make our own choices. But this is bonkers cheap. Fill your boots.
Well yes,I suppose it is time to move on. Having thought things through a little more, we can buy in at an amazing discount at the moment. So I guess it is actually a strong buy and would make a very solid addition to any portfolio. Don't like the way this opportunity has come about though. But for those with dry powder this is clearly a steal and an opportunity that should be bought into. Should a placing materialise I can't see it being much below 0.22. That would be plenty of margin for those involved given the asset base. If you can't beat them join them. Yes a strong buy. It's got to be at this level. Do like others fill your boots. That's the way to win through this. Yes for all the upset I am going to take another position. Great management - Great assets - and a fantastic opportunity. VIVA UJO.
They have got plenty of projects to service without taking on new liabilities. They need to get some solid income first. Here we go. Spend spend spend. Iv'e seen this done before. Ends in tears for the share holders.
Given the companies history. Why oh why did they not on this occasion suspend the stock until the placing is/was complete. Every body would have supported such a move given the history/inability of UJO here. Just left to social media to inform us again ! AND AGAIN ! Theft. Share holders done down again the way only UJO can. SHARE HOLDER FRIENDLY MY ARSE. Great for the share holders to have a win every now and then. BULL****E !
I have no faith in UJO to deliver share holder value. The plan seems to be, as soon as there is any progress dilute before the share holders get a chance to take their well deserved profits for the monies they have risked and equity provided to the company. Was going to invest more for the up coming drill/EWT. Not now though,no way. Will await Wressle production to hope fully, maybe get out even. That is if the company will allow a sp rise to happen before pulling the rug from under us again. I have now all but written the chances of profiting from this stock off. There comes a time when you have just got to except the truth. This company is now black ball'd imo.
Well we all have our own theories. But what ever is going on it's most definitely big with the way this has fallen off a cliff. Sentiment is one thing, but this must be based on some thing more tangible than bending peoples minds to get a cheaper price. A purchase of this stock must now be considered theft ! imo. Don't sell your shares to them imo. This is absolute bolex with all the progress made. Theft plain and simple don't sell. This isn't funny any more.