RE: UJO3 Dec 2019 11:00
I was hoping you weren't going to ask me, oiler. I've got better things to do, but I'll take that post as an example. You posted:
You have to question DB's happy clapping gang, people claiming to know more than everyone and claiming to be LTH, (I have held UJO shares for over 5 years)
people trying to justify the SP falling from .29 on volumetrics (the previous day's close was 0.25 and following the start of the dump of shares closed at 0.23 that day)
and a very substantial placing at 0.15 are clearly daytraders. (I don not day trade, I've got more sense)
So can you prove DB had no choice to raise £5m (over 25% of the mcap)? (RBD had just raised £10m - £12m specifically for West Newton, that meant UJO would require well over £4m)
Why not £2.5m placing for immediate cash and an open offer for £2.5m? (UJO don't need immediate cash and many of the existing PI's who would participate in the placing would dump them back on the market looking for a quick profit - DB was targeting institutional investors)
We had been told £2.5m cash, EWT paid for and could cover the cost of one more drill. (where's this from?)
7,000,000,000 shares issued in 8 months! (and the price has risen from 0.08 in that time.
If you truly believe he doesn't know any of the placees then you are delusional.
If you bought in after biscathorpe initial results Feb/March you would be sitting on next to no profit now, where is the share holder value?