The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Over 70% of shares are effectlively locked up, with a promise of dividends, i cant see BoD selling much either. Infact theyre buying shares back! Even if they do sell, it will only be after WCAT is a successfull oil producing company,otherwise it would be seriously frowned upon. This went to 4.5p off nothing before and the BoD did not sell a single share, im sure some IPO investors did. Now we are closer than ever to an asset, lets run it back turbo!
As cashcow stated last week - the results are evident today! Wcat is set up to make ALL investors money due to the boD holding the majority of the shares and they wont be selling (if at all) until after wcat is an oil producing company. An asset the size of the ones being discussed would have sent the share price to the stratosphere regardless but with lack of free float shares it could go beyond! The discount on offer today from previous ATHs is unbelievable and to think we are the closest we have ever been to asset acquisition!
So the chairmain has identified World Class Assets and now secured World Class Funding. This is in addition to bringing Michael Edlson and Waterford on board and not to mention the crypto side of things which should be ready by the next BTC halving. I dont think people realise how much of a MONSTER this can become. Definitely worth a punt.
HUGE NEWS ALERT! WCAT just signed an MOU for a staggering $25M investment! This is a paradigm shift in the energy market!
You remember the exploits of Tullow Oil and Savannah Energy, right? Well, hold onto your hats because this announcement has just catapulted WCAT into an entirely different league!
This investment represents a seismic shift, with potential that eclipses anything we've seen from Tullow and Savannah. The scale of this deal is simply extraordinary and is going to propel WCAT to unprecedented heights!
We're talking about an industry game changer here folks. This isn't just a step forward, it's a quantum leap! Keep your eyes on WCAT because they're set to redefine the energy sector. Onwards and upwards!
Great example TW! Just had a glance at their financials and structure. Their CEO Majid Shafiq also places great emphasis on Dividends like our chairman Mandhir Singh. That has given me great confidence in what is achievable now! I highly reccomend any one reading this do the same. If they can achieve all that off 20k barrels, imagine 100k plus!
A morning shall come, and i expect it to be within the next couple months where we shall wake up on a crisp wintery morning to an RNS announcing tens of millions of funding has been secured via Waterford. What are we expecting the share price to do that day? I'd say 500% minimum? It pays to get in early and double down on your convictions. Still cant believe the market hasnt woken up to this JUGGERNAUT in the making!
Some reading material for you Ralph. The 3rd parties shall be repaid first and then take a cut going forward.
https://shamaranpetroleum.com/operations/how-oil-production-sharing-contracts-work/#:~:text=When%20successful%2C%20the%20Contractor%20is,the%20government%20and%20the%20Contractor.
That was abit of a Ralph Wiggum response Reliable Ralph. The chairman has made it clear several times that the capital for the asset is seperate to this placing and shall be raised via Waterford and other 3rd parties with no further dilution of the shares. This is simply for operational costs.
Fantastic news!! That came out the blue, guess the markets believe in wcat!Everything is finally falling into place. First Waterford then the Sudan MoU. Now we've secured the capital to see through the Sudan deal what are the next milestones? Secure the capital investment for the asset then sign the deal. I expect an EXPLOSIVE end to the year. Ladies and gentlemen please fasten your seatbelts, its going to be one hell of a ride!
The "russian entrant" paid 0.5p because the deal was agreed at 0.7p as per the RNS. This wasnt showing on the 'Top Risers' board yesterday or the close of play email we normally get so still flying under the radar. Guess many people are still on the sidelines awaiting a pull back but dont realise that once WCAT makes it into the Sunday Times for the 3rd time announcing that funding is secured, we shall never see these prices again!
Yes you would be correct. Appears the markets are slowly realising. I guess the silver lining for it not showing up on the Top Risers board is that we have 1 more hour to top up at these prices! I just did! Listening to the podcast and reading Catflap, he is speaking as if this is already a done deal and the rest is simply formalities. With so little free float, this blowing up. I wouldnt be surprised by it getting to 3p by friday
First Waterford with its extensive finance network and fund raising capabilities and then the MoU with Sudan. This opurtunity can not be over stated enough! Proven oil reserves with infastrusture in place. Waterford to raise the capital for operations. On the podcast the chairman said WCAT shall be bigger than Tullow oil. Thats shareprice in excess of 25p for WCAT! Thats a ~15x from here. The upside potential is crazy, especially at these discounted prices from its ATH. Our faith shall finally be rewarded! GLA.
Michael Kroupeev has a 50% stake in Gulfsands and their Syrian asset alone is worth 1.5 billion dollars! Even an asset a tenth of that size would send WCAT into the stratosphere! our patience shall be rewarded. GLA