Knowing far more tan we do the directors bought in the low 0.6s. The price today is 0.56- I am going to buy more as I believe the SP will increase sharply when the value of WN gets realised.
UJO owns 16% of WN which is very likely to be a huge resource with high value. Hold until that value is realised. Everything else is noise and some want to push the price down for their own reasons. If you see it differently its simple just sell and move on
RE: DPR names Nigeria’s Marginal field winners9 Mar 2021 09:01
One would assume that we are not affected as the winners were informed last week and there has been no RNS. I am probably wrong. Google search only shows the one link lets hope someone is a subscriber and can provide confirmation one way or another
I personally don't believe it DB aint stupid he will wait until things play out and get maximum value for the UJO share. He is not stupid when it comes to his own interests.
I understand that the allegation is that RBD have already got an offer for WN presumably from a major and they are trying to purchase UJOs share of the project before announcing the offer on the table. If they are breaking no laws they are entitled to try to do it. I hold both atm.
I should know this but even before we renegotiate the debt our current interst rates are approx. 10% but that is fixed under the present arrangements- Can anyone tell me the current length of the arrangement. I read a headline yhis morning stating god help us if interest rates go up in terms of the national debt. I have always thought it is our debt and the fear of a high interest rate environment that contributes to SAVE being massively undervalued aided and abetted by sector sentiment and Nigeria political risk. Come on AK get the refinancing deal done and show them the money
RE: Buy before new ISA Year kicks In1 Mar 2021 14:45
Should have said I am putting buys this month in the Mrs shares ISA I cannot add any more to mine. Then we start again in April. If she decides to sling her hook I am bo**oksed
I am trying to add as much as I can in March. I believe that there will be a large number of buys when folks can use their new ISA allowance. Also we are due an RNS on Plans for Niger/Refinancing and of course the potential role of Vitol. Place your chips ladies and gents
I think there is a lot more to come in respect of Vitol and not just in respect of the size of their holding but possibly in respect of refinancing/purchasing assets/Niger etc.
furey you are not stuck with it - I bit the bullet and sold at a loss ages ago and now am doing very well in other stocks like Savannah. If you feel there is no prospects here don't lose out on a rising tide in oil stocks, Predator, PTAL and even president are doing very well